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Glencore Announces Board Changes with Retirement of Peter Coates 1 Mining Personality International 

Glencore Announces Board Changes with Retirement of Peter Coates

Constance
Global mining giant Glencore has disclosed the retirement of board member Peter Coates, effective May 29, marking the conclusion of his esteemed 30-year tenure with the company. Coates, who assumed his position on the Glencore board in 2011, notably served as the chairperson of the health and safety committee during his tenure. To fill the vacancy left by Coates, the company has appointed John Wallington as an independent non-executive director, effective June 1. Wallington brings over four decades of extensive experience in the mining sectors of South Africa, Australia, Colombia,… Read More Here
Sibanye-Stillwater Successfully Concludes Acquisition of Reldan Group 2 International Mergers & Acquisitions 

Sibanye-Stillwater Successfully Concludes Acquisition of Reldan Group

Constance
Sibanye-Stillwater has completed the acquisition of the Reldan Group of Companies, finalizing the transaction with a cash purchase consideration of $155.9 million. The purchase agreement between Sibanye and Reldan was initiated in November 2023 and has now been successfully executed. Funding for the acquisition was sourced from the proceeds of a $500 million senior unsecured guaranteed convertible bond, which was completed in November 2023, carrying an annual coupon rate of 4.25%. The acquisition of Reldan marks a strategic move for Sibanye, enhancing its presence in the circular economy and complementing… Read More Here
West African Resources Advances Mining Projects in Burkina Faso 3 International Gold 

West African Resources Advances Mining Projects in Burkina Faso

Constance
The Burkina Faso Council of Ministers has endorsed the draft decree for the issuance of a mining permit to ASX-listed West African Resources for the Toega gold deposit. As per the Mining Code of Burkina Faso, the license will be granted to a local company, 90%-owned by West African Resources and 10%-owned by the State, spanning an initial eight-year period. This approval marks a significant milestone for the commencement of mining operations at the Toega open-pit gold deposit, following the acquisition of Toega’s environmental permit in 2023. With gold resources… Read More Here
Grizzly Mining's Dubai Auction Showcases Strong Demand for Zambian Emeralds 4 Mining in Zambia Gemstones 

Grizzly Mining’s Dubai Auction Showcases Strong Demand for Zambian Emeralds

Constance
Grizzly Mining, a leading emerald producer, recently conducted a successful international emerald auction in Dubai, showcasing medium- to high-grade rough emeralds from its flagship Grizzly emerald mine in Zambia. The auction generated $19 million in sales, with notable interest from 76 clients. A highlight of the auction was the sale of an exceptional 4,145-carat gem-quality rough emerald, fetching over $1 million. Grizzly’s Chairperson, Abdoulaye Ndiaye, expressed satisfaction with the auction’s outcome, emphasizing the continued strong demand for high-quality Zambian emeralds. A total of 117 emerald lots were offered, with 112… Read More Here
Gemfields Records Strong Revenues in 2023 Despite Production Challenges 5 Mining in Zambia Gemstones 

Gemfields Records Strong Revenues in 2023 Despite Production Challenges

Constance
Gemstone miner Gemfields achieved its second-highest yearly revenues in 2023, driven by record prices for rough colored gemstones sold at auction. However, production challenges were encountered at its key operating assets, the Kagem emerald mine in Zambia and the Montepuez Ruby Mining (MRM) in Mozambique, compared to the previous year. CEO Sean Gilbertson expressed optimism about the company’s future despite production setbacks, highlighting ongoing investments aimed at transforming the business. He mentioned upcoming auctions in Jaipur for emeralds and rubies, indicating strong demand for colored gemstones. In 2023, Kagem and… Read More Here
Debswana Prepares for Jwaneng Underground Project with Local Talent Development 6 Mining in Zambia Diamond 

Debswana Prepares for Jwaneng Underground Project with Local Talent Development

Constance1 Comment
Debswana, in preparation for its upcoming Jwaneng underground project in Botswana, has been actively nurturing local talent and enhancing skills development by enrolling graduate learners in various mining-related disciplines. Selected from a pool of candidates, 26 graduates are currently undergoing experiential learning at the Mopani Central training center in Zambia, a strategic move aimed at equipping them with the necessary skills and expertise for the challenges ahead. This initiative not only strengthens Debswana’s strategic partnerships with other underground mines but also promotes diversity and helps mitigate business risks. According to… Read More Here
SADC Pledges Support for Peace and Stability in DRC and Mozambique 7 Mining in DRC Governance 

SADC Pledges Support for Peace and Stability in DRC and Mozambique

Constance
The Southern African Development Community (SADC) has reaffirmed its commitment to providing diplomatic and military assistance to the Democratic Republic of Congo (DRC) and Mozambique in their efforts to address ongoing violence and unrest. During the summit, SADC member states pledged their unwavering support to the governments of the DRC and Mozambique, aiming to achieve lasting peace, stability, and security in the region. The summit’s communique, delivered by SADC Executive Secretary Elias Magosi, lauded troop-contributing countries and commended the dedication of personnel deployed in the SADC Missions in Mozambique (SAMIM)… Read More Here
FQM Trident: A Leading Mining Powerhouse in Zambia 8 Mining in Zambia About Company Copper Mining Companies Nickel 

FQM Trident: A Leading Mining Powerhouse in Zambia

Constance
FQM Trident, a subsidiary of First Quantum Minerals Ltd. (FQM), is a significant player in Zambia’s mining sector. Formerly known as Kalumbila Minerals, FQM Trident operates the Trident Project, encompassing two key mines: Sentinel Copper Mine: This large-scale open-pit mine, operational since 2019, is a major producer of copper, a vital metal for modern industries.Enterprise Nickel Mine: Located near the Sentinel Mine, Enterprise achieved first ore production in February 2023. It’s poised to become a significant contributor of nickel, a metal crucial for electric vehicle batteries and stainless steel.Investment and… Read More Here
President Felix Tshisekedi Attends SADC Summit in Lusaka to Address DRC Security Issues 9 Mining in Zambia Governance Mining in DRC 

President Felix Tshisekedi Attends SADC Summit in Lusaka to Address DRC Security Issues

Constance
President Felix Tshisekedi arrived in Lusaka, Zambia, on Saturday 23rd March to attend the extraordinary summit of the Southern African Development Community (SADC) focused on security issues in the eastern Democratic Republic of Congo (DRC) and in Cabo Delgado, Mozambique. The summit brings together a dozen Heads of State representing the Troika of the Body, consisting of Zambia, Tanzania, and Namibia, as well as the SADC Troika composed of Angola, Zimbabwe, and the DRC. Additionally, Personnel Contributing Countries to the SADC Mission in Mozambique (SADC) and the SADC Mission in… Read More Here
Successful Project Financing Secured for Centinela Copper Mine Expansion in Chile 10 International Copper 

Successful Project Financing Secured for Centinela Copper Mine Expansion in Chile

Constance
Marubeni Corporation, in collaboration with UK-based Antofagasta plc, has successfully secured loan agreements totaling $2.5 billion for the expansion project of Minera Centinela, situated in Chile. The financing agreement, concluded on March 15, involves a consortium of international lenders, including prominent institutions such as the Japan Bank for International Cooperation, Export Development Canada, Export-Import Bank of Korea, KfW IPEX-Bank, Sumitomo Mitsui Banking Corporation, Crédit Agricole, Société Générale, and Natixis. This landmark agreement aims to expedite the construction process and facilitate the commencement of production under the Expansion Project by 2027.… Read More Here

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