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Barrick Lumwana Mine to Engage 150 Local Partners for $2B Kamisengo Expansion 1 Mining in Zambia 

Barrick Lumwana Mine to Engage 150 Local Partners for $2B Kamisengo Expansion

Constance
Barrick Lumwana Mine has unveiled plans to involve 150 local contractors and suppliers in the upcoming $2 billion Kamisengo mine expansion. The Mine General Manager, Herbert Cawood, emphasized that the selection of contractors and suppliers will be facilitated through their business accelerator program, designed to support the capabilities of local entities. Cawood highlighted the purpose of the business accelerator program, stating that it aims to enhance the capacity of contractors and suppliers keen on participating in the mine’s expansion project. He clarified that only those with the requisite capacity will… Read More Here
FQM AND MINE UNIONS SIGN COLLECTIVE AGREEMENT FOR 2024   2 Copper Artisanal mining Mining in Zambia 

FQM AND MINE UNIONS SIGN COLLECTIVE AGREEMENT FOR 2024  

Constance
First Quantum Minerals Ltd subsidiaries Kansanshi Mining and FQM Trident have signed a collective bargaining agreement with six unions that sees eligible employees receive an 8 percent increase in basic salary from January 1, 2024. The agreement was signed with the National Union of Miners and Allied Workers (NUMAW), Mine Workers Union of Zambia (MUZ), Miners and Allied Workers Union (MAWU), United Mine Workers Union of Zambia (UMUZ), Consolidated Miners and Allied Workers Union of Zambia (CMAUZ), and Miners Technicians, Artisans and Allied Workers Union of Zambia (MTAAWZ).Speaking during the… Read More Here
First Shipment of DRC Copper Ore Sets Sail for China 3 Mining in DRC Copper 

First Shipment of DRC Copper Ore Sets Sail for China

Constance
A total of 1,246 tons of concentrated copper ore from the Democratic Republic of Congo (DRC), which was located at the Port of Lobito container terminal, was transported to China, on January 20th, on the ship M/V-MSC HELENA III. The ore, originally part of the experimental train’s cargo, had been stationed at the Port of Lobito for 16 days before being loaded onto the ship M/V-MSC HELENA III. The entire shipment, consisting of 49 containers, made its way to the Republic of China. Additionally, it was revealed by Nicolau Neto,… Read More Here
Tragic Mine Collapse Claims Lives of Over 40 Artisanal Gold Miners in Mali 4 International Artisanal mining Gold 

Tragic Mine Collapse Claims Lives of Over 40 Artisanal Gold Miners in Mali

Constance
More than 40 artisanal gold miners lost their lives last week in southwest Mali when the shaft they were working in collapsed, as reported by Mali’s mines ministry on Wednesday. The incident highlights the dangers associated with artisanal mining, a prevalent activity in West Africa that has witnessed increased demand and higher metal prices in recent years. Artisanal miners often use outdated and unregulated methods, leading to frequent deadly accidents. The tragedy occurred on Friday in the Kangaba Cercle in the south-western Koulikoro Region. While the ministry’s statement on Tuesday… Read More Here
Rio Tinto Plane Crash Claims Six Lives, Leaves One Survivor 5 International Mine Safety News in Brief 

Rio Tinto Plane Crash Claims Six Lives, Leaves One Survivor

Constance
Six individuals lost their lives in a devastating plane crash near Fort Smith in Canada’s remote Northwest Territories on on Wednesday, January 24th, according to the NWT Coroner Service. The incident involved a small aircraft transporting workers from global miner Rio Tinto to the Diavik Diamond Mine. Four passengers and two crew members from North Western Air Lease perished, with one survivor being treated and transported to Yellowknife. The Royal Canadian Air Force participated in search and rescue operations, locating the British Aerospace Jetstream near the Slave River. An investigative… Read More Here
AngloGold Ashanti picks 11.7% stake in G2 Goldfields 6 International Gold 

AngloGold Ashanti picks 11.7% stake in G2 Goldfields

Constance
South African miner AngloGold Ashanti has completed the acquisition of an 11.7% stake in Canada’s G2 Goldfields for C$22.05m ($16.4m). The transaction involved the purchase of 24.5 million shares at C$0.90 per share, with the net proceeds to support exploration at G2 Goldfields’ Oko project in Guyana. The infusion will also be used for the company’s general corporate requirements. Before this transaction, AngloGold had not held any beneficial ownership in G2 Goldfields. The acquisition of these shares has provided the investor with a significant, non-diluted interest in the company. Future involvement of… Read More Here
Glencore to procure copper from TNC’s Cloncurry project 7 International Copper 

Glencore to procure copper from TNC’s Cloncurry project

Constance
True North Copper (TNC) has entered two agreements with commodities giant Glencore International for its CCP in Queensland, Australia. The binding offtake agreement will see Glencore purchasing 100% of the copper concentrate from the CCP, while the toll-milling agreement allows for the processing of up to one million tonnes of ore per year throughout the project’s LOM. Under the terms of the offtake agreement, the sales price for the metals in the copper concentrate will align with the market’s commercial terms, including adjustments for penalties, treatment and refining charges, and… Read More Here
AI Governance Alliance calls for stronger global collaboration 8 International Technology & Innovation 

AI Governance Alliance calls for stronger global collaboration

Constance
As global leaders and industry power players gather in Davos to address the world’s most pressing problems, the World Economic Forum’s (WEF) AI Governance Alliance (AIGA) has called for stronger collaboration to create a framework for advanced AI. In a series of three new reports, AIGA has focused on unlocking the value and creating a framework for generative AI (GenAI) usage. AIGA said a global effort is needed to create equitable access to AI. According to Cathy Li, head of AI, data and metaverse at the WEF: “The AI Governance… Read More Here
Glencore, Trafigura target spot prices for mined copper sales 9 International Copper 

Glencore, Trafigura target spot prices for mined copper sales

Constance
Glencore and Trafigura are pushing Asian smelters to accept low spot prices for turning their mined copper into metal this year, as opposed to industry benchmarks that are much higher, three sources with knowledge of the matter said. Historically, the industry has used annual benchmarks for their fees, known as treatment charges (TCs), for contracts to process concentrate into copper. But London-listed Glencore (GLEN.L) and Trafigura want to base TCs on the spot market, where the expansion of Chinese and global smelting capacity, as well as tight concentrate supplies have… Read More Here
Jubilee Metals production performance ‘strong’ in second quarter 10 Copper Mining in Zambia 

Jubilee Metals production performance ‘strong’ in second quarter

Constance
Jubilee Metals Group PLC highlighted a robust production performance in the second quarter, with a significant surge in chrome concentrate output while copper production faced a decline. The London-based metal processing company disclosed that Inyoni platinum group metal production remained steady at 10,131 ounces in the three months ending December 31. However, copper output witnessed a 20% decline to 749 tonnes. Chrome concentrate production exhibited substantial growth, rising by 13% to 381,114 tonnes in Q2, attributed to the successful achievement of full production targets at the Thutse project. Despite operational… Read More Here

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