Category: Uncategorized

A unit of Vedanta Resources will issue $400 million in notes to an entity under Oaktree Capital Group, as the mining conglomerate looks to meet liquidity needs. The notes will be partly secured by shares in Mumbai-listed unit Vedanta Ltd., according to separate exchange filings from Vedanta and the US hedge fund, India’s macroeconomic troubles have attracted a wave of global investors betting they can eke out profits from the rising number of capital-starved businesses struggling to stay afloat. Some global heavyweights including Oaktree and Apollo Global Management Inc. have either struck… Read More Here

South Africa’s gold industry has long been defined by deep-level mines, which is why the sector has historically been capital as well as labour intensive. Digging deep requires capital and the often low-grade ore grades have required cheap (read exploited) migrant labour to keep the profits and dividends flowing. Flow they did, as the gold-bearing reefs seemed to go on forever — not just horizontally, but vertically, down into the bowels of the earth. From these mammoth deposits, a third of the gold produced in human history was extracted, generating… Read More Here

Caledonia Mining Corporation has entered into another option agreement in Zimbabwe having entered into an option agreement over Glen Hume, also in Zimbabwe, earlier in December. This option agreement gives Caledonia the exclusive right to explore and subsequently, if exploration is successful and at its sole discretion, acquire the mining claims over an area known as Connemara North, a property which, like Glen Hume, is situated in the Gweru mining district in the Zimbabwe Midlands that has historically produced significant quantities of gold. Connemara North is approximately 30 km from Glen Hume… Read More Here

H.E. Julius Maada Bio will be joining already confirmed president of the Democratic Republic of Congo (DRC), His Excellency, Félix Tshisekedi at the online conference. Investing in African Mining Indaba (Mining Indaba) part of Hyve Group Plc is honoured to announce that His Excellency, Julius Maada Bio, President of Sierra Leone has confirmed his participation to deliver his presidential keynote address at the upcoming Mining Indaba Virtual. H.E. Julius Maada Bio will be joining already confirmed president of the Democratic Republic of Congo (DRC), His Excellency, Félix Tshisekedi at the… Read More Here

Finnish mining engineering group Metso Outotec has plans to close more than half its warehouse locations for spare and wear parts as part of an “consolidation” targeting efficiency and environmental gains. Metso Outotec’s network of 40 distribution centres will be reduced to 18 as part of an “optimised” new distribution model that aims to increase availability, improve customer service and decrease CO2 emissions, said the firm. A spare and wear parts warehouse in Tampere, Finland, is one of the facilities that will be closed as part of “consolidating and outsourcing”… Read More Here

Plans are underway for the construction of the “Angola-Tanzania railway line” which will begin from the port of Lobito in the city of Lobito, Angola to connect with the Port of Dar-es-Salaam, in Tanzania. This was revealed by the Angola ambassador to Tanzania, Sandri De Oliveira at the occasion to mark the Central African country’s 45th independence anniversaries held in the capital city of Tanzania. The ambassador said that the referred railway corridor will allow for the transit of goods from and to the markets in America, Asia, and Europe that… Read More Here

CSI announced the upcoming launch of CSI 300 ESG Index, CSI 300 ESG Leaders Index, CSI 300 ESG Value Index, CSI ESG 120 Strategy Index and CSI Huaxia Bank ESG Index on April 30, 2020. CMOC has gained recognition of domestic and overseas capital markets thanks to its long-term practices and emphasis on sustainable development, social responsibility and corporate governance, and has been selected as a constituent of the CSI 300 ESG Index and CSI 300 ESG Leaders Index. CSI 300 ESG Leaders Index is designed to cover 100 stocks… Read More Here

Air valves are vital in pipelines and pump stations. They allow air to escape from pipelines – keeping them working efficiently. They allow air into pipelines to prevent damaging vacuums from forming. Pump stations need air valves to reduce the impact of water hammer which can cause significant damage. But, most air valves leak. And, the way most air valves are designed makes leaks inevitable. Let me explain… Most air valves have two orifices – holes – to let air in and out. The small orifice allows tiny entrained air… Read More Here

In 1996 the World Food Summit came up with a definition for ‘food security’, namely that it is achieved “at the individual, household, national, regional and global levels, when all people, at all times, have physical and economic access to sufficient, safe and nutritious food to meet their dietary needs and food preferences for an active and healthy life“. Although the definition doesn’t take into account some important criteria like ‘food sovereignty’ (the right of people to choose their own agricultural and food systems) and ‘food self-sufficiency’, it is nevertheless… Read More Here

Mozambican authorities in the central province of Manica have accused two gold producers of polluting the Rovué River with mining waste. The Rovué River flows into the Chicamba reservoir Local companies Clean Tech Mining and Gem Resources have now had their operations suspended in the area, reported the local Portuguese language news service Lusa.  “Technically, the areas where they were working have enough space to open  segmentation basins and be able to reuse the water” but in what was a “deliberate action” they released sludge into the river, Octávio Semba, a mining… Read More Here