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DRC Govt Blocks Chemaf’s Sale of Copper and Cobalt Mines to China’s Norin Mining 1 Mining in DRC Cobalt Copper 

DRC Govt Blocks Chemaf’s Sale of Copper and Cobalt Mines to China’s Norin Mining

Constance
The government of the Democratic Republic of Congo (DRC) has opposed Chemaf SA’s plan to sell its copper and cobalt mines to China’s Norin Mining, according to a document reviewed by Reuters. In June, Chemaf, a long-time partner of commodities trader Trafigura, announced its agreement to sell its mining operations in the DRC to a subsidiary of China North Industries Corp (Norinco), a state-backed defense and industrial giant. The sale was driven by financial difficulties that had delayed the expansion of Chemaf’s Etoile and Mutoshi projects amid falling cobalt prices.… Read More Here
Sandvik to acquire Universal Field Robots 2 International Equipment & Technology Mergers & Acquisitions 

Sandvik to acquire Universal Field Robots

Constance
Sandvik has signed an agreement to acquire Universal Field Robots (UFR), a fast-growing Australia-based provider of autonomous interoperable solutions for the surface mining and underground mining markets. UFR will be reported in Digital Mining Technologies, a division within business area Sandvik Mining and Rock Solutions. UFR’s solution portfolio is built on a common autonomy platform, which is a strong complement to Sandvik’s automation offering and includes OEM (Original Equipment Manufacturer) agnostic robotic and autonomous solutions for trucks, loaders and auxiliary equipment. The acquisition will help to increase the addressable market… Read More Here
Hitachi introduces new-gen excavator, backhoe loader to Southern Africa 3 International Mining Equipment 

Hitachi introduces new-gen excavator, backhoe loader to Southern Africa

Constance
Japanese multinational Hitachi’s African business, Hitachi Construction Machinery Africa (HCAF), is making available to the Southern African market the Zaxis 7G Series excavator and the BX100 Shinrai-Power backhoe loader. These machines introduce higher efficiencies and increased safety for the mining and construction sectors, complementing its existing range of excavators, wheel loaders and rigid dump trucks in the region. HCAF sales and marketing director Riaan Carstens says the increasingly turbulent economic environment is putting more pressure on customers to remain competitive. The new product offerings, with their focus on high productivity… Read More Here
DGC Africa to Showcase Cutting-Edge Sustainable Solutions at Electra Mining 2024 4 Sponsored Content 

DGC Africa to Showcase Cutting-Edge Sustainable Solutions at Electra Mining 2024

Constance
Johannesburg, South Africa – September 2024 – DGC Africa, a leader in industrial services, will unveil innovative offerings at this year’s Electra Mining event, designed to enhance operational efficiency and drive sustainability across industries. The company’s focus on Wear Protection Solutions and Asset Integrity Management, in partnership with Enduraclad International (ECI) and EAMS Africa, underscores its commitment to providing cost-effective and environmentally responsible solutions.Advanced Wear Protection SolutionsDGC Africa, in collaboration with Enduraclad International (ECI), will introduce its cutting-edge Wear Protection Solutions. Engineered to extend equipment lifespan in high-wear environments, particularly… Read More Here
China to Assist Zambia in Resolving Power Deficit 5 Mining in Zambia Electricity 

China to Assist Zambia in Resolving Power Deficit

Constance
China is set to address Zambia’s power deficit caused by drought-induced hydropower generation shortfalls. Chinese Ambassador to Zambia, Han Jing, announced that during the Forum on China-Africa Cooperation (FOCAC) summit from September 4 to 6, 2024, a special Zambia Power Development Forum will be held in Beijing. The forum aims to explore solutions for Zambia’s persistent power shortages and will feature discussions among Chinese and Zambian stakeholders from the power and financial sectors. Ambassador Han highlighted that over the past 25 years, China has invested significantly in power infrastructure, including… Read More Here
ZCCM-IH Acquires Additional 10% Shareholding in Lubambe Copper Mines Ltd 6 Mining in Zambia Copper Mergers & Acquisitions 

ZCCM-IH Acquires Additional 10% Shareholding in Lubambe Copper Mines Ltd

Constance
28th August 2024, Lusaka, Zambia – ZCCM Investments Holdings PLC (ZCCM-IH) has secured a deal with Jinchengxin Mining Management Company Ltd (JCHX) to acquire an additional 10% stake in Lubambe Copper Mines Ltd (Lubambe) for $1. This transaction will raise ZCCM-IH’s ownership in Lubambe from 20% to 30%, while JCHX’s stake will decrease from 80% to 70%. The deal is expected to be completed within six months. With this increased shareholding, ZCCM-IH will gain marketing rights to copper ore concentrate output proportional to its ownership. This is a groundbreaking move… Read More Here
Jubilee Metals signs Power deal with Zambia’s Lunsemfwa Hydro Power Company 7 Mining in Zambia Hydro power plant Partnership 

Jubilee Metals signs Power deal with Zambia’s Lunsemfwa Hydro Power Company

Constance
Jubilee Metals Group, a diversified metals producer listed on the AIM, has signed a three-year power purchase agreement (PPA) with Lunsemfwa Hydro Power Company (LHPC), an independent producer of hydropower and solar energy in Zambia. The PPA guarantees that the power needs of Jubilee’s Roan concentrator facility and Sable refinery will be met continuously at competitive rates starting September 1. Additionally, Jubilee has the option to acquire up to 10 MW of solar-generated power at rates discounted by over 30% from the initial PPA terms. This agreement secures the company’s… Read More Here
Tanzania and Zambia to Assess Costs for Joint Pipeline Expansion Project 8 Mining in Zambia Oil & Gas 

Tanzania and Zambia to Assess Costs for Joint Pipeline Expansion Project

Constance
A contractor has been assigned to conduct a feasibility study aimed at expanding the capacity of the Tanzanian-Zambia Crude Oil Pipeline, commonly known as the Tazama Pipeline. The goal is to increase its capacity to transport 5 million tonnes of crude oil annually. The Tazama Pipeline, built in 1968, currently has a capacity of 800,000 tonnes, which no longer meets the demands of Tanzania and Zambia, necessitating the upgrade. According to the Tanzanian newspaper The Citizen, Davison Thawethe, Managing Director of Tanzania Pipeline Limited, stated that the cost of the… Read More Here
Codelco could face $8 million fine for tailings dam violations 9 International Copper 

Codelco could face $8 million fine for tailings dam violations

Constance
Chile’s environmental regulator on Thursday said it filed two charges against state copper giant Codelco over the management of its Talabre tailings dam at its Ministro Hales division in northern Chile. The charges were for the lack of a contingency plan to avoid affecting underground water, and for the incorrect deposit of tailings materials dating to 2017. The company, the world’s biggest copper miner, has ten days to submit a compliance plan and an additional five days to appeal, and could face a fine of about 8 billion pesos ($8.71… Read More Here
Mwamba Mining Partners with Barrick Gold to Explore Tanzania's Nzega Greenstone Belt 10 International Gold 

Mwamba Mining Partners with Barrick Gold to Explore Tanzania’s Nzega Greenstone Belt

Constance
Mwamba Mining (“Mwamba”), dedicated to advancing inclusive and sustainable gold mining in Tanzania, has partnered with Barrick Gold Corporation (“Barrick”) through its Twiga partnership with the Tanzanian Government. This collaboration will focus on exploring Mwamba’s 1,325 km² land position in the Nzega district, an area noted for its significant greenstone belts, which are known to host world-class gold deposits. Under an earn-in agreement, Barrick may invest up to $16.5 million in prospecting and exploration to acquire up to 80% joint venture interest in the Property. Founded in 2018 by Tanzanian… Read More Here

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