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Category: Press Release

MIMOSA RESOURCES AND MKUSHI TRADITIONAL LEADERS INSPIRED BY FQM’S BLUEPRINT FOR SUSTAINABLE MINING  1 Mining in Zambia Copper Corporate News Press Release 

MIMOSA RESOURCES AND MKUSHI TRADITIONAL LEADERS INSPIRED BY FQM’S BLUEPRINT FOR SUSTAINABLE MINING 

Constance
Mimosa Resources and the traditional leadership from Chief Chitina’s chiefdom in Mkushi have expressed appreciation of First Quantum Minerals’ (FQM) blueprint for sustainable mining in Zambia following a tour of its Kansanshi Mine in Solwezi District, North-Western Province. The familiarisation tour was recently undertaken as part of wider stakeholder engagement efforts by Mimosa Resources to foster collaboration between traditional leaders, mining operators, and the local community for its Kashime Copper Project in Mkushi, underscoring its dedication to creating a model of mining that balances economic growth with environmental and social… Read More Here
Anglo American Highlights the Vital Role of Zambian Capital Markets for Mining Sector Growth 2 Mining in Zambia Cobalt Copper Events & Expos Press Release 

Anglo American Highlights the Vital Role of Zambian Capital Markets for Mining Sector Growth

Constance
A strong and vibrant local capital market is essential to attract foreign institutional investors to Zambia’s mining sector, said Norman Mbazima, senior Anglo American executive for the last 20 years and Chairman of Anglo American Platinum. Speaking at the Zambian Mining and Investment Insaka last week, Mr Mbazima underscored the critical importance of creating a conducive investment climate to unlock the country’s mining potential. Participating in a panel discussion titled “Mining Beyond Copper: What’s in it for Zambia?”, Mr Mbazima joined a group of esteemed experts to explore the past,… Read More Here
FQM AND THE MINISTRY OF TOURISM PARTNER TO ADVANCE CONSERVATION EFFORTS IN ZAMBIA 3 Mining in Zambia Copper Environment Social Governance (ESG) Press Release 

FQM AND THE MINISTRY OF TOURISM PARTNER TO ADVANCE CONSERVATION EFFORTS IN ZAMBIA

Constance
The Zambian government has commended First Quantum Minerals (FQM) for its commitment to environmental stewardship, citing the company’s robust environmental management system that safeguards the environment during mining operations. This recognition follows a recent meeting between the Ministry of Tourism and First Quantum, in which both parties discussed a collaborative approach to enhancing conservation efforts within the country. Ministry of Tourism Permanent Secretary Evans Muhanga expressed his satisfaction with the mining firm’s commitment to conservation.He acknowledged the vital role that mining companies play in the Zambian economy and stressed the… Read More Here
Caterpillar and IMA Engineering forge innovative collaboration for next-gen mining efficiency 4 International Mining Equipment Press Release 

Caterpillar and IMA Engineering forge innovative collaboration for next-gen mining efficiency

Constance
IRVING, Texas, October 7, 2024 – Caterpillar Inc. (NYSE: CAT), a global leader in construction and mining equipment, is excited to announce a new alliance with IMA Engineering to enhance Caterpillar’s innovative Cat® Precision Mining initiative. This collaboration aims to use cutting-edge technology to provide real-time, detailed information about ore, the raw material extracted in mining, enabling sites to improve the efficiency and accuracy of mining operations. CatPrecision Mining is Caterpillar’s advanced vision to improve every step of the mining process, from extraction to processing. By incorporating real-time data and… Read More Here
Ivanhoe Mines Reports Q3 2024 Production Results 5 Mining in DRC Copper Press Release 

Ivanhoe Mines Reports Q3 2024 Production Results

Constance
Kamoa-Kakula milled a record 3.3 million tonnes, producing a record 116,313 tonnes of copper in concentrate during Q3, with the Phase 3 concentrator in ramp-up Phase 3 concentrator ramp-up approaching steady-state throughput and recovery as at quarter end Kamoa-Kakula’s 2024 production guidance range adjusted to 425,000 – 450,000 tonnes of copper Kipushi produced 17,817 tonnes of zinc in concentrate during ramp-up in Q3 2024 Kipushi’s 2024 production guidance range lowered to 50,000 – 70,000 tonnes of zinc Kipushi concentrator now achieving recoveries in excess of 90%, as ramp-up continues to… Read More Here
Trafigura Appoints Richard Holtum as New CEO, Effective January 2025 6 Press Release International Mining Personality 

Trafigura Appoints Richard Holtum as New CEO, Effective January 2025

Constance
Trafigura Group Pte Ltd (“Trafigura”) has announced that Richard Holtum will become Chief Executive Officer (CEO) of Trafigura, effective 1 January 2025 and will join the Trafigura Board of Directors from 1 October 2024. Jeremy Weir, Executive Chairman and CEO, will step down from his executive responsibilities on 1 January 2025 and will become Chairman of the Trafigura Group. Sipko Schat, Independent Non-Executive Director of the Board, said: “The Board of Directors unanimously selected Richard Holtum to lead the Trafigura Group. Richard has achieved extensive success in developing high-performing teams and… Read More Here
Epiroc’s new Minetruck MT66 S eDrive with electric drivetrain combines power and innovation 7 International Equipment & Technology Press Release 

Epiroc’s new Minetruck MT66 S eDrive with electric drivetrain combines power and innovation

Constance
The new Minetruck MT66 S eDrive is the first of Epiroc’s large-capacity mine trucks to feature the latest generation electric drivetrain. Along with an upgraded and powerful diesel-engine, the hauler combines the cost-effectiveness of a traditional mine truck with the productivity of an electric one – without requiring change to a mine’s infrastructure. The Minetruck MT66 S eDrive has been completely redesigned to feature an electric drivetrain, powered by the strongest engine yet in Epiroc’s line-up of underground mine trucks. With several other upgrades, such as weight reduction and better… Read More Here
Barrick Continues to Unlock Value Embedded In Its Asset Base 8 Gold Press Release 

Barrick Continues to Unlock Value Embedded In Its Asset Base

Constance
COLORADO SPRINGS – Barrick is projecting a 30% growth in the production of gold-equivalent ounces from its existing assets by the end of this decade1 while it continues to unlock the value embedded in its portfolio, says president and chief executive Mark Bristow. Speaking at the Gold Forum Americas, Bristow said while Barrick was alert to potentially value-accretive opportunities generated by the consolidation of the industry, it had the rare luxury of doing so from an asset base that would support organic growth well into the future. “Five years ago, we set… Read More Here
Kal Tire announces Haltec Group as distribution partner for its KalPRO tooling 9 International Equipment & Technology Mining Equipment Press Release 

Kal Tire announces Haltec Group as distribution partner for its KalPRO tooling

Constance
KalPRO, a new sub-brand of Kal Tire, represents a collection of innovative tools and offerings developed to enhance safety, efficiency and productivity VERNON, BC—Kal Tire’s Innovation Centre in western Canada has been designing and producing proprietary tooling for nearly 10 years to help improve safety and efficiency for its mining tire technicians. From tools that reduce fatigue and strain to ones that eliminate high risk, KalPRO tools enable technicians to perform work with greater ease, efficiency and safety. Now, some KalPRO tools will be available to technicians globally through Haltec… Read More Here
Key Projects Advance as Barrick Keeps Tight Focus on Value Creation and Growth 10 Gold International Press Release 

Key Projects Advance as Barrick Keeps Tight Focus on Value Creation and Growth

Constance
TORONTO – Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) has reported increased earnings and production for its second quarter, in line with guidance, and said the Company was on track for a strong second half of the year. Net earnings1 were up 25% and the attributable EBITDA margin2 was up 17% quarter on quarter to 48% with strong operating cash flows of $1.16 billion and a material increase in free cash flow3 to $340 million. Net earnings per share were up 24% to $0.21, adjusted net earnings per share3 increased by 68% to $0.32, and the quarterly dividend was… Read More Here

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