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First Quantum Acquires Majority Stake in La Granja Copper Project in Peru 1 International Copper 

First Quantum Acquires Majority Stake in La Granja Copper Project in Peru

Constance
First Quantum Minerals has acquired a 55% stake in the La Granja copper project in Peru for US$105 million in a joint venture with Rio Tinto. La Granja, located in Cajamarca, northern Peru, holds substantial copper reserves and has the potential to become a significant long-term mining operation. Following regulatory approvals from the Government of Peru, First Quantum’s investment will total up to US$546 million, exclusively financing operational and capital costs to advance the project through feasibility studies and development. As the majority shareholder, First Quantum will oversee project operations,… Read More Here
Primera Gold DRC SA Advocates for Transparency in Gold Supply Chain 2 Mining in DRC Gold 

Primera Gold DRC SA Advocates for Transparency in Gold Supply Chain

Constance
Joseph Kazibaziba, the General Director of Primera Gold DRC SA, emphasized the importance of transparency in the gold supply chain during a session held in Bukavu on March 29, 2024. Kazibaziba urged actors in the supply chain, including traders, buyers, cooperatives, and various Congolese state services, to recognize that gold trading must no longer be conducted clandestinely, emphasizing the necessity for a traceable supply chain. In a press release, Kazibaziba reiterated Primera Gold DRC’s commitment to benefit artisanal miners by ensuring that their work yields maximum returns, aligning with the… Read More Here
Paladin Energy Ltd Achieves Uranium Concentrate Production at Langer Heinrich Mine 3 International Uranium 

Paladin Energy Ltd Achieves Uranium Concentrate Production at Langer Heinrich Mine

Constance
Paladin Energy Ltd announced the successful commencement of uranium concentrate production and drumming at the Langer Heinrich Mine on March 30, 2024. The focus now shifts to production ramp-up and building a finished product inventory in preparation for customer shipments. In line with this transition, Paladin’s Chief Operating Officer, Paul Hemburrow, will assume responsibility for all Langer Heinrich Mine activities. Key operational parameters for 2025 will be guided by Paladin in July 2024. CEO Ian Purdy expressed the significance of achieving the first production milestone at the Langer Heinrich Mine… Read More Here
Metso and Almalyk MMC Ink Agreement for Copper Smelter Project in Uzbekistan 4 International Copper 

Metso and Almalyk MMC Ink Agreement for Copper Smelter Project in Uzbekistan

Constance
Metso and JSC Almalyk Mining and Metallurgical company (Almalyk MMC) have signed a frame agreement on significant process technology deliveries for Almalyk MMC’s new copper smelter investment in Uzbekistan. The companies have collaborated on the development of minerals processing and metallurgical operations since 2011. Equipment package contracts under the framework agreement will be booked once they have been signed and become effective. We currently estimate that the majority of those contracts will be signed this year. The frame agreement is a continuation of Metso’s and Almalyk MMC’s contract signed at… Read More Here
FQM CELEBRATES GRADUATE DEVELOPMENT PROGRAMME COMPLETION 5 Mining in Zambia Copper 

FQM CELEBRATES GRADUATE DEVELOPMENT PROGRAMME COMPLETION

Constance
First Quantum Minerals’ subsidiary, FQM Trident, has celebrated the completion of its first Graduate Development Programme (GDP), recognising the achievements of eight young professionals who have successfully completed the two-year programme. The GDP was launched in 2022 with the aim of nurturing fresh talent and building a robust pipeline for the future of Trident. After a rigorous selection process, 12 exceptional individuals were chosen to embark on the programme. Speaking at the graduation ceremony, FQM Trident Limited, General Manager Gordon White, emphasised the importance of embracing a mindset of continuous… Read More Here
Barrick Subsidiaries Settle UK Claims Over Tanzania Gold Mine Deaths 6 International Gold Mine Safety 

Barrick Subsidiaries Settle UK Claims Over Tanzania Gold Mine Deaths

Constance
A UK legal action against Barrick Gold’s subsidiaries alleging killings and injuries of local residents by police engaged for security operations at the Canadian mining giant’s North Mara gold mine in Tanzania has been settled out of court. Barrick, announcing the settlement on its website yesterday, stated that there was no admission of liability on the part of its subsidiaries. No details about the content of the settlement were provided. Fourteen Tanzanian citizens made claims against Barrick’s UK subsidiary, Acacia Mining (now known as Barrick TZ Limited) for alleged human rights incidents between… Read More Here
Ivanhoe Mines Reports Q1 2024 Production Results for the Kamoa-Kakula Copper Complex 7 Mining in DRC Copper 

Ivanhoe Mines Reports Q1 2024 Production Results for the Kamoa-Kakula Copper Complex

Constance
Kamoa-Kakula produced 86,203 tonnes of copper in concentrate in Q1 2024 2024 production guidance for Kamoa-Kakula maintained at 440,000 to 490,000 tonnes of copper in concentrate, with early commissioning of the Phase 3 concentrator now in May 2024 DRC grid infrastructure upgrades underway, as well as phased roll-out of on-site, backup generation capacity Daily milling record achieved of 31,375 tonnes of ore by Phase 1 and 2 concentrators on January 2, 2024 Quarterly mining record achieved of 2.50 million tonnes of ore from Kakula and Kamoa 1 underground mines Ivanhoe… Read More Here
Mozambique: Over 13 million tons of coal transported to port of Nacala via Malawi 8 International Coal 

Mozambique: Over 13 million tons of coal transported to port of Nacala via Malawi

Constance
More than thirteen million tons of coal (13,639,000) were transported from Moatize in Tete to the port of Nacala via Malawi during the past year. The coal was transported under a concession agreement between the former Vale Logistics Limited, now Vulcan Logistics Limited, and the Malawian government, which allows coal trains to pass through the country to Nacala. In addition to the volume of cargo handled, Malawi has experienced significant development and strategic positioning for the future in railway development, particularly od effective regional integration. According to the Director of… Read More Here
Epiroc Strengthens Infrastructure Business with STANLEY Infrastructure Acquisition 9 International Mining Equipment 

Epiroc Strengthens Infrastructure Business with STANLEY Infrastructure Acquisition

Constance
Epiroc AB, a leading productivity and sustainability partner for the mining and construction industries, has completed the acquisition of STANLEY Infrastructure, a global manufacturer of excavator attachments and handheld hydraulic tools, from Stanley Black & Decker, Inc. The strategic acquisition will strengthen Epiroc’s presence in the attachments business in infrastructure and construction, especially in the United States.STANLEY Infrastructure, which was a business within Stanley Black & Decker’s Industrial business segment, is headquartered in Milwaukie, Oregon, United States. It designs, manufactures, and sells attachments, typically used on excavators, and handheld hydraulic… Read More Here
Zambia negotiating $3.3 bln commercial debt restructuring, after bonds deal 10 Mining in Zambia Economy 

Zambia negotiating $3.3 bln commercial debt restructuring, after bonds deal

Constance
Zambia is in talks to restructure $3.3 billion of commercial debt, after reaching a deal with overseas holders of its sovereign bonds last week, an official said on Wednesday, as the country seeks to emerge from a three-year default.“We have already started negotiations and with some we are almost reaching there,” Secretary to the Treasury Felix Nkulukusa said at a public meeting, referring to private creditors other than bondholders. “The $3.3 billion is the money that we have to continue engaging (on) and we are engaging in good faith,” he… Read More Here

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