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Barrick’s Sustainability Strategy Delivers Real Value to Stakeholders 1 International Gold 

Barrick’s Sustainability Strategy Delivers Real Value to Stakeholders

Constance
Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) – Almost $12 billion of economic value generated by Barrick’s mines last year remained in the countries in which it operates, according to the company’s 2023 Sustainability Report published today. Barrick president and chief executive Mark Bristow says real, tangible sustainability can only be achieved through a holistic approach aligned to the United Nation’s Sustainable Development Goals. Barrick’s conformance with ESG standards is a natural by-product of its sustainable business philosophy and not its driver. “Barrick’s distinctive approach to sustainability has evolved over many years, guided… Read More Here
Lobito Corridor's Road Network in Angola Set To Receive €381.5 Million Upgrade 2 Transport and Logistics Angola Mining in DRC Mining in Zambia 

Lobito Corridor’s Road Network in Angola Set To Receive €381.5 Million Upgrade

Constance
The U.S.-Africa Business Summit in Dallas, Texas, announced a €381.5 million investment to upgrade Angola’s road network, focusing on the Lobito Corridor. The Africa Finance Corporation (AFC) will contribute €85 million, with the rest funded by the Export-Import Bank of the U.S. and the U.S. Private Export Funding Corporation. Additional support comes from Standard Chartered Bank, Conduril, and Acrow. This project will improve 186 bridges and boost agriculture by enhancing access to mineral-rich regions, aiding in the diversification of Angola’s economy. Following last week’s U.S.-Africa Business Summit in Dallas, Texas,… Read More Here
DRC Accuses Rwanda of Illicit Mineral Exploitation and Calls for Embargo 3 Mining in DRC Regional conflict 

DRC Accuses Rwanda of Illicit Mineral Exploitation and Calls for Embargo

Constance
The Democratic Republic of Congo (DRC) has raised serious concerns about the exploitation and illegal importation of its minerals by Kigali through the M23/RDF rebels. According to a statement by DRC’s Minister of Mines, Antoinette N’Samba Kalambayi, on the instructions of Rwandan President Paul Kagame, a tax of $3,000 per ton of coltan and $2,000 per ton of cassiterite has been imposed, with payments being made in Kigali after the sale. “After authorizing the creation of a mining cooperative in Rubaya to supervise artisanal mining, the M23 intensified their efforts… Read More Here
Civil Society Raises Alarm Over Mismanagement of DRC Mining Fund for Future Generations 4 Mining in DRC 

Civil Society Raises Alarm Over Mismanagement of DRC Mining Fund for Future Generations

Constance
Bad practices characterize the management of funds from the Mining Fund for Future Generations (FOMIN), according to the Makuta Ya Maendeleo Consortium, a civil society platform monitoring governance of extractive sector revenues. The Makuta Ya Maendeleo Consortium has expressed deep concern over the use of funds allocated to FOMIN’s operations. Recent documents reviewed by the consortium reveal that substantial sums were allocated in a questionable manner, including a payment of $300,000 to the General Inspectorate of Finance, $300,000 in litigation bonuses to the Kinshasa public prosecutor’s office, and fees of… Read More Here
DRC Signs Agreement for 7,000 MW Hydroelectric Dam and Major Aluminum Industry Projects 5 Mining in DRC Aluminium Hydro power plant 

DRC Signs Agreement for 7,000 MW Hydroelectric Dam and Major Aluminum Industry Projects

Constance
The Democratic Republic of Congo (DRC) is set to embark on an ambitious infrastructure project involving the construction of a 7,000 megawatt hydroelectric dam, an aluminum foundry plant, an aluminum refinery, and a port terminal. This development follows the signing of a memorandum of understanding between the Agency for the Development and Promotion of the Grand Inga Project (ADPI-RDC) and Natural Oilfield Services Limited (NOFLS). According to a press release received by MINES.CD on Tuesday, May 14, 2024, NOFSL has committed to conducting technical, environmental, social, and financial studies for… Read More Here
North Kivu: Coltan Price Soars from $30 to $70 Amid M23 Rebel Control of Rubaya 6 Mining in DRC Coltan Regional conflict 

North Kivu: Coltan Price Soars from $30 to $70 Amid M23 Rebel Control of Rubaya

Constance
Since the rise of the M23 rebels, supported by Rwanda, to control the mining town of Rubaya in North Kivu province, the cost of mining activities has significantly increased. According to local civil society, since the M23 rebels took over Rubaya, the price of a kilogram of coltan has soared from $30 to $70. Additionally, the daily wage for a digger has jumped from 10,000 Congolese francs (CDF) to 30,000 CDF. “1 kg of coltan, which sold for $30, now even raw sand sells for $70 per kilo. We believe… Read More Here
Can mining ever be sustainable? 7 International Environment Social Governance (ESG) 

Can mining ever be sustainable?

Constance
In the greenest of ironies, the same technologies that could save us from the climate crisis rely on an industry whose environmental record is far from clean. Mining has run up a long list of troubling activities, from exorbitant water use to chemical pollution, the destruction of biodiversity and human rights abuses. On top of that, primary mineral and metal production is responsible for roughly 10 percent of global energy-related greenhouse gas emissions. Yet we need metals and minerals to manufacture electric vehicles, wind turbines, solar panels and batteries –… Read More Here
Epiroc releases fourth generation of Titan Collision Avoidance System 8 International Equipment & Technology Mining Equipment 

Epiroc releases fourth generation of Titan Collision Avoidance System

Constance
Epiroc, following its acquisition of Mernok Elektronik (Pty) Ltd in December 2022, has released the fourth generation of the Titan Collision Avoidance System (CAS), it says bringing significant advancements to enhance safety and operational efficiency in mining environments.  The latest iteration, Titan CAS Generation 4, builds upon the success of its predecessors by incorporating several key improvements tailored to meet the evolving needs of the mining industry. “The Generation 4 Titan CAS is an advanced system that raises the bar for safety and efficiency. It has been designed to meet… Read More Here
Glencore Canada gets federal funding boost for all electric mining fleet at Onaping Depth 9 International Equipment & Technology Mining Equipment 

Glencore Canada gets federal funding boost for all electric mining fleet at Onaping Depth

Constance
Canada’s pollution pricing system creates incentives for industries to reduce their greenhouse gas emissions, drives innovation and sustainable business practices, and fosters a cleaner, more environmentally responsible future. Through the Decarbonization Incentive Program, the Government of Canada returns a portion of the proceeds collected from the federal pollution price on large industrial emitters to support clean technology projects. It says this funding will enable eligible facilities to achieve greater energy efficiency, adopt sustainable solutions, and reduce their emissions to help build a low‑carbon world. On May 10, on behalf of… Read More Here
Renewed Clashes in North Kivu: Fighting Between M23/RDF Rebels and FARDC Escalates 10 Mining in DRC Regional conflict 

Renewed Clashes in North Kivu: Fighting Between M23/RDF Rebels and FARDC Escalates

Constance
Renewed fighting between M23/RDF rebels and the Armed Forces of the Democratic Republic of Congo (FARDC), supported by the Volunteers for the Defense of the Fatherland (VDP), commonly known as “Wazalendo,” resumed on Monday, May 13, in several areas of Masisi territory, North Kivu. The clashes are particularly concentrated in Katale and Biteete, approximately 13 kilometers from Masisi center, the territory’s capital. Tensions and Massive Population Displacements Voltaire Batundi, president of Masisi civil society, reported that the fighting had moved closer to Masisi center, causing a massive exodus of residents… Read More Here

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