Press Release - Copperbelt Katanga Mining

Changes to the ERG Board of Directors

July 18, 2024July 20, 2024 Constance

Eurasian Resources Group S.à r.l. (ERG) announces key changes to its Board of Directors to further develop and strengthen the company in response to global challenges and rapidly changing market conditions: –Mr. Shukhrat Ibragimov has been elected Chairman of the Board, serving since 2021. –Mr. Sabir Chodiev replaces Dr. Patokh Chodiev. –Mr. Eduard Surlevich replaces Dr. Alexander Machkevitch. -Representatives of the Government of the Republic of Kazakhstan, Deputy Prime Minister Mr. Serik Zhumangarin and Minister of Finance Mr. Madi Takiyev, will continue in their roles as board members. The contributions… Read More Here

Vedanta ready with $250 million funding to pay KCM Creditors

July 5, 2024July 5, 2024 Constance

Friday 5th July, 2024 Lusaka, Zambia – In a significant development, Vedanta has arranged USD 250 million funding to pay KCM Creditors as per High Court decision rendered on 28 June 2024. With Vedanta Resources’ reinstatement, Konkola Copper Mines (KCM) is poised for a new era of growth and prosperity. Vedanta Resources, the Government of the Republic of Zambia (GRZ), and ZCCM Investments Holdings Plc (ZCCM-IH) are working in close collaboration to complete all steps outlined in the transaction documents. The parties involved are demonstrating their shared commitment to KCM’s… Read More Here

Mining in DRC Copper Infrastructural Development Press Release

Ivanhoe Mines Completes Construction of Kipushi Concentrator Ahead of Schedule

July 5, 2024July 7, 2024 Constance

First ore to Kipushi concentrator achieved on May 31; first concentrate produced on June 14 Kipushi sets 2024 production guidance at between 100,000 and 140,000 tonnes of zinc in concentrate Kipushi zinc production capacity to average 278,000 tonnes per annum over first five years, making Kipushi the fourth-largest zinc mine globally Basic engineering underway to increase processing capacity of concentrator by 20% to 960,000 tonnes per annum Off-take agreements signed with CITIC Metal and Trafigura, plus $170 million in financing facilities agreed Kipushi reconfirmed as the world’s lowest carbon-emission intensive… Read More Here

International Equipment & Technology Mergers & Acquisitions Mining Equipment Press Release

Komatsu completes acquisition of GHH Group GmbH

July 3, 2024July 3, 2024 Constance

Komatsu has completed the acquisition of GHH Group GmbH (GHH), a manufacturer of underground mining, tunnelling and special civil engineering equipment headquartered in Gelsenkirchen, Germany. GHH’s wide range of equipment, focused on loaders (LHDs) and articulated dump trucks, will enhance Komatsu’s growing underground mining product offerings. This includes aftermarket parts and service support through the entire lifetime of the equipment. “The talented GHH staff are now part of Komatsu and our new combined team will work together to expand offerings and increase customer access to products in new territories,” said… Read More Here

Mining in DRC Gold Press Release

Kibali Gold Mine Extends Production to 15+ Years with Growth and Investment

July 3, 2024July 3, 2024 Constance

KINSHASA, DEMOCRATIC REPUBLIC OF CONGO – Africa’s largest gold mine, Kibali, continues to deliver growth as its strong record of replenishing reserves and resources, and further investment in technology and capacity, position it to sustain its 750,000 ounces annual production past the current 10-year horizon to 15 years and beyond. Speaking to media and other stakeholders yesterday, Barrick president and chief executive Mark Bristow said Kibali was not only Africa’s largest gold mine but also its most automated and, thanks to its three hydropower stations, a leader in renewable energy. When its… Read More Here

Mining in Zambia Copper Gold Press Release

BeMetals Announces $7M Private Placement Led by B2Gold

June 29, 2024June 29, 2024 Constance

Vancouver, British Columbia – BeMetals Corp. (TSXV: BMET, OTCQB: BMTLF, Frankfurt: 1OI.F) (the “Company” or “BeMetals”) has announced it intends to complete a non-brokered private placement offering of up to 70,000,000 units (the “Units”) at a price of $0.10 per Unit (the “Offering”) for aggregate gross proceeds of up to $7,000,000. Each Unit will consist of one common share in the capital of the Company (a “Share”) and one-half Share purchase warrant. Each whole Share purchase warrant (a “Warrant”) will entitle the holder thereof to purchase one additional Share at… Read More Here

International Gold Press Release

Barrick Provides Detailed Response to Unsubstantiated UN Human Rights Allegations

June 21, 2024June 21, 2024 Constance

Barrick yesterday published its detailed response to a widely circulated ‘Joint Communication’ from the United Nations Human Rights Council (UNHRC) Special Procedures Branch making allegations regarding, predominantly, police conduct in the areas related to the North Mara gold mine in Tanzania, saying the letter is replete with misconceptions and inaccuracies. Barrick president and chief executive Mark Bristow said the authors of the letter presented allegations as facts and had used inaccurate and outdated information from international human rights NGOs which Barrick thoroughly refuted at the time they were published. “It concerns us… Read More Here

Transport and Logistics Angola Mining in DRC Mining in Zambia Press Release

Lobito Atlantic Railway orders new container wagons to transport goodsvia the Lobito Corridor

June 19, 2024June 19, 2024 Constance

Lobito, Angola, 19 June 2024 – The Lobito Atlantic Railway (LAR), the concession holder for the operation, management and maintenance of the Lobito Corridor, has placed an order for 275 new container wagons from South African company Galison Manufacturing for an undisclosed sum. The container wagons will be delivered in three tranches with the first wagons due to arrive in Lobito from the fourth quarter of this year. They will be able to carry 10, 20 and 40 ft long containers, giving flexibility for the load transported. This order is… Read More Here

Press Release International Mining technology News in Brief

Ivanhoe Electric Addresses Misleading Media Reports on Recent Registration Statement Filing

June 15, 2024June 15, 2024 Constance

PHOENIX, ARIZONA – Ivanhoe Electric Inc. (“Ivanhoe Electric”) (NYSE American: IE; TSX: IE) clarifies certain misleading media headlines speculating that Saudi Arabia Mining Company (“Ma’aden”) will sell Ivanhoe Electric shares under the recently filed Registration Statement. The Registration Statement was filed pursuant to an obligation in the Investor Rights Agreements (“IRA”) entered into between Ivanhoe Electric and Ma’aden at the time of Ma’aden’s initial investment in Ivanhoe Electric. The IRA was previously disclosed and filed on July 6, 2023. Ma’aden has confirmed, consistent with what was disclosed in the Registration Statement, that it has… Read More Here

Mining in Zambia Emeralds Infrastructural Development Press Release

Kagem Mining Limited Funds Groundbreaking of Chapula Polytechnic, Zambia’s First Official Polytechnic

June 8, 2024June 8, 2024 Constance

Today, the Minister of Technology and Science, Hon. Felix Mutati, MP, led the groundbreaking ceremony signalling the start of construction work for Chapula Polytechnic in Lufwanyama – Zambia’s first official polytechnic. The ceremony demonstrates Kagem Mining Limited (Kagem)’s commitment to fulfilment of the Memorandum of Understanding (MoU) it signed with the Government in September 2023, in which the mine committed to the construction of the centre at an estimated cost of ZMW 52.5 million (USD 2.5 million). The centre will aim to provide local people from Lufwanyama and other areas surrounding… Read More Here