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Debswana Appoints Keene Nkoane as first female Engineering Manager 1 International Diamond Mining Personality 

Debswana Appoints Keene Nkoane as first female Engineering Manager

Constance
Debswana,the leading rough diamonds producer continues to set the trend in diversity and progressive leadership appointments. The 50/50 De Beers – Botswana joint venture has appointed top Engineer Ms. Keene Nkoane as the first female Senior Engineering Manager inthe history of the company. She is based at Orapa Letlhakane and Damtshaa Mines (OLDM). Nkoane joined Debswana in 2003 based in Jwaneng Mine following her completion of BEng (Hons) in Electrical & Electronic from Nottingham University, United Kingdom. Born and bred in Maun, Nkoane grew up as a passionate and curious… Read More Here
Barrick Explores New Frontiers in Latin America and Asia Pacific 2 International Exploration Gold 

Barrick Explores New Frontiers in Latin America and Asia Pacific

Constance
Barrick, a leading mining company, is forging ahead with its exploration efforts across Latin America and the Asia Pacific region, aiming to uncover new mineral deposits and sustain its operations in existing ones. With a strategic focus on early-stage exploration and new frontier opportunities, Barrick is also dedicating resources to brownfields work, ensuring the longevity of its key assets like Veladero and Pueblo Viejo. In the Dominican Republic, exploration activities around the Pueblo Viejo mine have yielded promising results. Drilling at the Pueblo Grande target has unveiled lithologies and alteration… Read More Here
Newmont Mourns Loss of Workers at Cerro Negro Mine 3 International Mine Safety Mining safety 

Newmont Mourns Loss of Workers at Cerro Negro Mine

Constance
Newmont, a leading gold producer, announced the tragic passing of two of its workers at the Cerro Negro mine in Argentina on Tuesday. Both individuals, members of Newmont’s technical services team, lost their lives under circumstances that are currently under investigation. Newmont has initiated a comprehensive investigation into the incident, with a commitment to incorporating relevant learnings into its safety protocols. In response to the tragedy, the company has taken the precautionary measure of suspending mine activities at Cerro Negro. Read More Here
African Pioneer Provides Exploration Update on Zambia Licences 4 Mining in Zambia Exploration 

African Pioneer Provides Exploration Update on Zambia Licences

Constance
Exploration and development firm African Pioneer has released an update on exploration activities funded by First Quantum Minerals (FQM) in Zambia. The six-month period ending December 31 saw drilling activities confirming proof of concept for Congo-style mineralization in the licensed areas. The licences, situated within the fold and thrust belt and Western Foreland, are subject to an option agreement between African Pioneer and FQM, held by African Pioneer Zambia, an 80%-owned subsidiary. FQM exercised its option over all four licences owned by African Pioneer Zambia, leading to the completion of… Read More Here
Rio Tinto Reports Dip in First-Quarter Iron Ore Shipments 5 International Iron Ore 

Rio Tinto Reports Dip in First-Quarter Iron Ore Shipments

Constance
Rio Tinto, a diversified mining group, has announced a 5% year-on-year decline in first-quarter iron-ore shipments, totaling 78 million tonnes. Weather disruptions at ports and reduced production from certain Western Australian mines contributed to this decrease. Despite the dip, Rio Tinto maintains its full-year expectations for Pilbara iron-ore shipments in 2024, ranging from 323 million to 338 million tonnes, with a unit cash cost of $21.75/t to $23.50/t. Pilbara iron-ore production also saw a modest 2% year-on-year decline to 77.9 million tonnes. Factors contributing to the production decrease include resource… Read More Here
Political Unrest Shadows Panama's Economic Future 6 International Copper Economy 

Political Unrest Shadows Panama’s Economic Future

Constance
Six months after Panama was rocked by violent protests, the country’s political landscape remains tense, deterring foreign investors. The demonstrations, initially led by local unions and students, led to the abrupt closure of a crucial copper mine in December, causing discomfort among politicians and candidates in the upcoming presidential election. With the mine’s closure, Panama’s economy faces significant challenges, prompting concern among creditors and investors. The country’s investment-grade ratings have been downgraded, and its bonds have underperformed in emerging markets. The closure of the Cobre Panama mine, which contributed about… Read More Here
Gold Surges Amid Escalating Tensions in Middle East 7 International Economy Gold 

Gold Surges Amid Escalating Tensions in Middle East

Constance
Gold prices surged by up to 1.2% following Iran’s recent attack on Israel over the weekend, driving demand for safe-haven assets. The precious metal remained near a record high achieved on Friday as the conflict in the Middle East intensified. Iran launched over 300 drones and missiles against Israel on Saturday, most of which were intercepted, with no reported fatalities. As of 6:20 a.m. in Singapore, spot gold rose by 0.8% to $2,361.92 per ounce, continuing its rally that began in mid-February. Read More Here
Zambia's Power Utility Declares Force Majeure on Mines' Electricity Supply 8 Mining in Zambia Copper Electricity 

Zambia’s Power Utility Declares Force Majeure on Mines’ Electricity Supply

Constance
Zambia’s state-owned power utility has issued force majeure notices regarding electricity supply to certain mines, as reported by an industry association, intensifying the strain on the copper market amidst unprecedented challenges. According to the Chamber of Mines in Africa’s second-largest copper producer, ZESCO Ltd has informed several members of the organization that it cannot fulfill its supply obligations. However, specific details regarding the affected projects were not disclosed in the statement. The market for semi-processed copper ore, commonly known as concentrates, is currently facing unparalleled tightness, with veteran traders highlighting… Read More Here
Rio Tinto Vows to Keep All Copper from Resolution Mine in the United States 9 International Copper 

Rio Tinto Vows to Keep All Copper from Resolution Mine in the United States

Constance
Rio Tinto, a leading mining company, is determined to ensure that all copper extracted from its Resolution mine remains within the United States if the project receives regulatory approval, a senior executive revealed on Tuesday. Situated in Arizona, the proposed mine has the potential to yield over 40 billion pounds (18.1 million metric tons) of copper throughout its lifespan, catering to more than a quarter of the country’s demand. However, it faces staunch opposition from some Native American groups due to concerns about potential damage to culturally significant sites. Bold… Read More Here
Trafigura CEO says copper must surpass $10,000 to meet demand 10 International Copper Mining Personality News in Brief 

Trafigura CEO says copper must surpass $10,000 to meet demand

Constance
In order to fill a potential supply gap of 8 million tons by 2034, mining companies need prices that are higher than $10,000 a ton and possibly as high as $12,000, says Trafigura Group chief executive officer Jeremy Weir. Weir made his comments Tuesday during a presentation at the CRU World Copper Conference in Santiago, where the copper industry is gathering for one of the industry’s biggest annual events. SOURCE:mining.com Read More Here

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