Breaking News
Gecamines Opposes Chemaf Sale to Norin Mining, Citing Ownership Rights 1 Mining in DRC Cobalt Copper 

Gecamines Opposes Chemaf Sale to Norin Mining, Citing Ownership Rights

Constance
Gecamines, the Democratic Republic of Congo’s state-owned miner, announced its opposition to the sale of Chemaf Resources Ltd., backed by Trafigura Group, to China’s Norin Mining Ltd. Chemaf holds the lease for its flagship Mutoshi project from Gecamines, which asserted its right to reject the transfer of ownership in a statement on Monday. In response, Chemaf noted that the Congolese government had approved the transaction. Struggling with a downturn in cobalt prices, Chemaf has been searching for a buyer to help complete critical projects like Mutoshi. Last Thursday, Chemaf announced… Read More Here
FQM Sees 6% Surge on TSX Amid Panama's Cobre Panama Mine Audit 2 International Copper 

FQM Sees 6% Surge on TSX Amid Panama’s Cobre Panama Mine Audit

Constance
Shares of Canadian miner First Quantum Minerals surged 6% on the Toronto Stock Exchange early Tuesday, driven by news of Panama’s decision to conduct an environmental audit of the Cobre Panama mine to assess its potential reopening. President Jose Raul Mulino, who assumed office on Monday, announced the environmental audit in his inaugural address. “I will order a rigorous environmental audit of the mine, involving top international experts, to provide clarity on its current state,” President Mulino stated. He emphasized that the auditing costs will not burden the government. “The… Read More Here
Panama to review all information to make an informed First Quantum decision 3 International Copper News in Brief 

Panama to review all information to make an informed First Quantum decision

Constance
Panama’s government will review and analyze all the available information to make an “informed and responsible decision” regarding new President Jose Raul Mulino’s request for an environmental audit of Canadian miner First Quantum Minerals’ Cobre Panama mine. “In his message to the nation, President Mulino said he will order a strict environmental audit; So for our part, we are going to review and analyze all the information available to make informed and responsible decision,” Trade and Industry Minister Julio Molto told Reuters on Tuesday. SOURCE:mining.com Read More Here
Ivanhoe Mines Announces Results of Voting for the Election of Directors 4 International Mining Personality 

Ivanhoe Mines Announces Results of Voting for the Election of Directors

Constance
Vancouver, British Columbia – Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) announced the results of voting by shareholders for the election of the Board of Directors during the company’s Annual General Meeting held earlier today. The nominees listed in the management proxy circular dated April 29, 2024, were elected as directors, as shown in the following table of results. Director nominee Outcome Votes for % for Votes withheld % withheld Robert M. Friedland Elected 1,108,010,331 97.95% 23,141,698 2.05% Weibao (Webber) Hao Elected 1,101,989,319 97.42% 29,162,710 2.58% Tadeu Carneiro Elected 1,093,406,066 96.66%… Read More Here
Liebherr and Fortescue announce partnership for development of Autonomous Haulage Solution 5 International Mining Equipment Partnership 

Liebherr and Fortescue announce partnership for development of Autonomous Haulage Solution

Constance
Building on the ongoing cooperative efforts between Liebherr and Fortescue, the two companies have announced that they will further combine their areas of expertise to develop and validate an Autonomous Haulage Solution (AHS). The AHS will be integrated with the zero emission haul trucks that the companies are currently co-developing, with the aim to be the first AHS operating zero emissions vehicles globally. In August 2023, Liebherr announced the deployment of a fleet of four T 264 autonomous trucks in Western Australia for onsite validation, which marked the next stage… Read More Here
ZCCM Investments Holdings Declares K243 Million Dividend for 2023 6 Mining in Zambia 

ZCCM Investments Holdings Declares K243 Million Dividend for 2023

Constance
ZCCM Investments Holdings Plc (ZCCM-IH) has announced a dividend of K243 million for the 2023 financial year, as approved by shareholders during the company’s 20th Annual General Meeting (AGM) held on Friday, June 28, 2024. Of this amount, ZMW187 million will be allocated to the Government of the Republic of Zambia, with ZMW146 million going to the Industrial Development Corporation and ZMW42 million to the Ministry of Finance and National Planning. The dividend approval follows a notable company profit of ZMW4.84 billion for the 2023 financial year, a 14% increase… Read More Here
Komatsu completes acquisition of GHH Group GmbH 7 International Equipment & Technology Mergers & Acquisitions Mining Equipment Press Release 

Komatsu completes acquisition of GHH Group GmbH

Constance
Komatsu has completed the acquisition of GHH Group GmbH (GHH), a manufacturer of underground mining, tunnelling and special civil engineering equipment headquartered in Gelsenkirchen, Germany. GHH’s wide range of equipment, focused on loaders (LHDs) and articulated dump trucks, will enhance Komatsu’s growing underground mining product offerings. This includes aftermarket parts and service support through the entire lifetime of the equipment. “The talented GHH staff are now part of Komatsu and our new combined team will work together to expand offerings and increase customer access to products in new territories,” said… Read More Here
Gecamines Assumes Control of Copper Sales from Joint Ventures to Enhance Oversight of the Metal 8 Mining in DRC Copper 

Gecamines Assumes Control of Copper Sales from Joint Ventures to Enhance Oversight of the Metal

Constance
The Democratic Republic of Congo’s state miner, Gecamines, has begun selling its share of copper from joint-venture projects for the first time as the country seeks greater control over a metal crucial to the energy transition. Gecamines holds minority stakes in large mines operated by companies such as China’s CMOC Group and Glencore Plc. Until now, the joint ventures themselves have sold all the production. However, the state company is now taking a more active role in marketing its portion, totaling hundreds of thousands of tons a year, according to… Read More Here
Kibali Gold Mine Extends Production to 15+ Years with Growth and Investment 9 Mining in DRC Gold Press Release 

Kibali Gold Mine Extends Production to 15+ Years with Growth and Investment

Constance
KINSHASA, DEMOCRATIC REPUBLIC OF CONGO – Africa’s largest gold mine, Kibali, continues to deliver growth as its strong record of replenishing reserves and resources, and further investment in technology and capacity, position it to sustain its 750,000 ounces annual production past the current 10-year horizon to 15 years and beyond. Speaking to media and other stakeholders yesterday, Barrick president and chief executive Mark Bristow said Kibali was not only Africa’s largest gold mine but also its most automated and, thanks to its three hydropower stations, a leader in renewable energy. When its… Read More Here

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