Breaking News
FQM Offers Voluntary Retirement Amid Uncertainty at Cobre Panama Mine 20 Copper International 

FQM Offers Voluntary Retirement Amid Uncertainty at Cobre Panama Mine

Constance
TORONTO – Canadian miner First Quantum Minerals has introduced a voluntary retirement scheme for workers at its Cobre Panama mine, as it awaits a government decision on the future of the operation, two sources familiar with the matter revealed. The Cobre Panama mine, one of the world’s leading copper sources, was shut down in November after Panama’s Supreme Court declared its contract unconstitutional. The closure was also fueled by environmental protests against the mine. Panama’s new government, led by President Jose Raul Mulino, has indicated that the mine will not… Read More Here
Barrick Gold Suspends Operations at Papua New Guinea Mine Amid Deadly Clashes 21 International Gold 

Barrick Gold Suspends Operations at Papua New Guinea Mine Amid Deadly Clashes

Constance
Barrick Gold has suspended operations at the Porgera gold mine in Papua New Guinea following violent clashes that resulted in the deaths of two employees. The company halted mining activities to ensure the safety of its workers, with operations expected to resume on Thursday, according to a statement from Barrick’s local unit. Most of the mine’s workforce comes from nearby communities. The violence, which erupted about a week ago, involved two groups of illegal miners and has claimed at least 20 lives, according to Máté Bagossy, the United Nations’ humanitarian… Read More Here
Star Minerals Partners with Madison Metals on Namibia Uranium Project Near Rossing Mine 22 Uranium International 

Star Minerals Partners with Madison Metals on Namibia Uranium Project Near Rossing Mine

Constance
Australia-listed Star Minerals has partnered with Canada-listed Madison Metals to advance a uranium project in Namibia’s Erongo region, close to the renowned Rossing uranium mine. Under the agreement, Star will invest $2.425 million over three years for exploration on the Cobra project, alongside making staged payments to Madison Metals. “We’re excited to add this significant foreign uranium estimate to our portfolio and collaborate with Madison to verify and enhance the resource while exploring the promising potential in the region,” said Star Minerals Chairperson Ian Stuart. He highlighted the company’s expertise… Read More Here
Lotus Resources Confirms Viability of Letlhakane Uranium Project in Botswana 23 International Uranium 

Lotus Resources Confirms Viability of Letlhakane Uranium Project in Botswana

Constance
ASX-listed Lotus Resources has completed a scoping study for the Letlhakane uranium project in Botswana, confirming its commercial viability with the potential to produce 3 million pounds of uranium per year and extend the project’s operational lifespan. The base case for the open-pit mine projects a total production of 42.3 million pounds of uranium oxide over 15 years at a cash cost of $42/lb. Lotus CEO Greg Bittar stated that optimization efforts could reduce costs to $36/lb. Bittar also highlighted the “blue sky” potential at Letlhakane, noting that at a… Read More Here
Jubilee Metals Appoints Dr. Reuel Khoza to Board, CFO Neal Reynolds to Resign 24 Mining Personality International 

Jubilee Metals Appoints Dr. Reuel Khoza to Board, CFO Neal Reynolds to Resign

Constance
Aim- and AltX-listed Jubilee Metals has appointed Dr. Reuel Khoza to its board while announcing the resignation of CFO Neal Reynolds. Reynolds will step down after the release of the company’s financial results, scheduled for the week of September 30, to pursue new opportunities. Riaan Smit, currently CFO of Jubilee’s chrome and platinum group metals (PGM) division in South Africa, will serve as interim CFO until a permanent successor is found. Dr. Khoza, set to join Jubilee in October, brings extensive experience from both public and private sectors, having held… Read More Here
Zambia’s Chamber of Mines Warns of Investor Risks Amid Proposed Mining Reforms 25 Mining in Zambia Copper Gold 

Zambia’s Chamber of Mines Warns of Investor Risks Amid Proposed Mining Reforms

Constance
Zambia’s Chamber of Mines has raised concerns over proposed legislative and policy reforms, calling them “an unprecedented threat” to investors’ rights and warning that they could hinder the country’s goal to significantly boost copper production. The Chamber, which includes major industry players like First Quantum Minerals Ltd. and Barrick Gold Corp., opposes a draft law that would increase state control over certain minerals. It argues that these measures will undermine investor confidence and discourage future investment. In a statement issued on Tuesday, the Chamber criticized President Hakainde Hichilema’s administration for… Read More Here
Caterpillar affirms large mining truck product line commitment through the energy transition 26 Mining Equipment International 

Caterpillar affirms large mining truck product line commitment through the energy transition

Constance
IRVING, Texas, September 19, 2024 – Caterpillar Inc. (NYSE: CAT) is reinforcing its commitment to deliver product design choices in alignment with customers’ operational, sustainability and productivity goals that increase the value of a machine throughout its lifetime. These designs align with Caterpillar’s strategy to deliver integrated site solutions to support customers today and through the energy transition. As the industry looks to the future, Caterpillar is purposefully designing a modular Cat® 793 large mining truck platform with powertrain flexibility. This platform will include diesel mechanical, diesel electric and battery… Read More Here
BME releases Innovex™ 300D emulsion to deal with dynamic water 27 Technology & Innovation Explosives 

BME releases Innovex™ 300D emulsion to deal with dynamic water

Constance
In line with its continuous innovation of blasting solutions, BME has developed Innovex™ 300D – a high-strength bulk emulsion explosive for challenging surface mining conditions including dynamic water. According to Dr Rakhi Pathak, BME’s Global Manager – Strategic Partnerships, dynamic water is a common issue for surface mines, and leads to various operational and environmental challenges. “When there is excessive water flow in and around blast holes, emulsion ‘run-off’ often occurs due to cracks or fissures in fractured geology,” Dr Pathak explained. “This is particularly problematic in conditions such as… Read More Here
Barrick Continues to Unlock Value Embedded In Its Asset Base 28 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
Mimosa Resources Secures $3 Million for Zambia's Kashime Copper Mine Development 29 Mining in Zambia Copper New Mining Projects 

Mimosa Resources Secures $3 Million for Zambia’s Kashime Copper Mine Development

Constance
Zambian mining company Mimosa Resources has secured a $3 million investment from Australian Stock Exchange-listed Zeta Resources for the development of its Kashime copper mine near Mkushi in Central Province. The funding will support final feasibility studies and preparatory work at the site. Mimosa Resources’ Executive Chairman, Jordan Soko, expressed confidence in the project, highlighting that Zeta’s investment reflects strong belief in Mimosa’s potential and the local expertise driving the Kashime mine. He noted the mine’s critical role in helping Zambia achieve its goal of producing 3 million tonnes of… Read More Here

You have successfully subscribed to the newsletter

There was an error while trying to send your request. Please try again.

Copperbelt Katanga Mining will use the information you provide on this form to be in touch with you and to provide updates and marketing.