Tailings - Copperbelt Katanga Mining

Zambia’s post election bond-bump trade rallies yields 600bps across

August 28, 2021August 28, 2021 Janet

For a fortnight now Africa’s red metal hotspot Zambia is making positive headline following the August 12 poll outcome that saw a third successful peaceful transition since 1991. With the election of President Hakainde Hichilema as 7th President, markets roared with confidence that saw the Kwacha named worlds best currency with a 17.8% appreciation, a 12% dollar bond rally in prices and on August 28, a 600 basis point rally on average across the bond curve. Wall Street investment bank JPMorgan had tipped offshore players on attractiveness of Kwacha paper… Read More Here

Tailings International

Pan African Resources to acquire Gauteng-based tailings retreatment projects

November 9, 2020November 9, 2020 arnbethnic

Mid-tier gold producer Pan African Resources has entered into an agreement to acquire historic gold tailings assets owned by Mintails Mining, which was placed in provisional liquidation in 2018. The provisional liquidation of Mintails SA has resulted in an opportunity for Pan African to acquire gold tailings mineral resources not previously retreated. Pan African will evaluate the merits of constructing a large-scale tailings retreatment operation, similar to its Elikhulu operation at Evander, also in South Africa. Under the terms of the conditionalsale-of-shares agreements, Pan African intends to acquire the total share capital… Read More Here

Mine Safety Tailings

English judge blocks £5bn Brazil lawsuit against BHP over burst dam

November 9, 2020November 9, 2020 arnbethnic

LONDON – A £5-billion English lawsuit against Anglo-Australian mining giant BHP has been blocked, in a blow to a 200 000-strong Brazilian claimant group, seeking damages after a devastating dam failure in 2015. A High Court judge in Manchester, northwestern England, struck out the largest group claim in English legal history because the complex case was an “abuse of the process of the court”, a judgment published on Monday said. Tom Goodhead, a partner at law firm PGMBM, which is representing the claimants, called the judgment “fundamentally flawed” and pledged… Read More Here

Tailings Mine Safety Mining in Zambia

Rongxing tailing dam collapse poisons a stream in Zambia

October 20, 2020October 20, 2020 arnbethnic

On Thursday, a tailing dam at Rongxing Investment Limited collapsed, spilling suspected acidic content into the Luela stream in Chambishi. The effluent killed different fish species and also caused damage to crops around the water body. A variety of vegetables cultivated along the stream wilted while others were covered in mud. The spillage happened at Rongxing Investment Limited, a copper processing company located on the Kitwe-Mufulira road. The Luela stream feeds into the Mwambashi stream, which is one of the tributaries of the Kafue River. As a result of the… Read More Here

International Mining technology Tailings

How technology can help miners comply with new global tailings standard guidelines

September 6, 2020September 6, 2020 Janet

Technology is key in helping miners comply with the recently released Global Industry Standard on Tailings Management, a set of guidelines aimed at strengthening current practices with the goal of zero harm to people and the environment. Prepared by the United Nations Environment Program, Principles for Responsible Investment (PRI) and the International Council on Metals and Mining (ICMM), the standard was a direct response to a series of lethal accidents that took place in recent years, with the failure of the tailings dam at Vale’s Córrego do Feijão mine being the latest of such incidents. According to… Read More Here