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Barrick Gold denies meeting First Quantum in Panama

January 22, 2024January 22, 2024 Constance

Barrick Gold has refuted a report from a Canadian newspaper saying that one of the gold miner’s executives had met with First Quantum representatives in Panama last week, to discuss a potential takeover of the troubled copper miner. The Globe and Mail reported on Thursday that Juana Barceló, president of Barrick’s Pueblo Viejo operations in the Dominican Republic, was recently in Panama, where she met First Quantum’s officials to discuss a possible merger or buyout. The publication cited Ebrahim Asvat, a former Panama government’s adviser, as the source. Barrick said… Read More Here

CKM eMagazine

CKM EMAGAZINE JANUARY – FEBRAURY 2024 EDITION (PDF FORMAT)

January 21, 2024January 22, 2024 arnbethnic

Just in case you have not yet receive the January – February edition of the CKM eMagazine, Here’s your free copy and don’t forget to share with your colleagues who might not only need thus but would also benefit from the news and information provided in this special edition. The CKM eMagazine is massively distributed digitally reaching top decision makers in all the mining houses in Zambia and DRC. We have over 86,000 followers on LinkedIn with over 46,000 CKM Newsletter subscribers. Our upcoming March – April 2024 edition will feature some special topics in your preferred industrial focus. This offers… Read More Here

Mining in DRC Battery Metals Cobalt

Northvolt Eyes Sustainable Cobalt Sourcing from DRC

January 19, 2024January 19, 2024 Constance

Swedish battery manufacturer Northvolt announced its intention to explore sourcing cobalt, a crucial component in electric vehicle (EV) battery production, from the Democratic Republic of Congo (DRC). The company has conducted trials, studied work processes, and compared plans to enhance both social and environmental sustainability, seeking long-term partnerships. Chief Environmental Officer Emma Nehrenheim expressed confidence in engaging with sourcing agreements within the year during a Reuters phone interview, though no specific timeframe was provided. Stakeholders’ requests prompted Northvolt to directly engage with miners and other parties to improve working conditions… Read More Here

International Rare Earth Metals

South African Rare Earths Project Receives U.S. Support

January 19, 2024January 19, 2024 Constance

The United States (U.S.) is showcasing its support for South Africa’s Phalaborwa Rare Earths Project – poised to become the largest, low-cost producer of rare earths oxides globally – with Mining company, Rainbow Rare Earths, hosting a U.S. Congressional staff delegation for a site visit at the project this week. The visit follows a $50 million investment in the project by the U.S. government’s International Development Finance Corporation. The investment – which was announced on 3 December 2023 during the COP28 Summit in Dubai – will be made to private… Read More Here

Mining in DRC

Governor Nangaa Calls for Unified Mining Royalties in the DRC

January 19, 2024January 19, 2024 Constance

During his recent address on Top Congo radio, Governor Christophe Baseana Nangaa of the Haut-Uélé province passionately called for a unified approach to mining royalties in the Democratic Republic of Congo (DRC). He advocated for consolidating all mining royalties into a single fund, emphasizing the need for equitable redistribution among all provinces. Nangaa expressed confidence that adopting this unified strategy could ensure each province receives a minimum of $1 to $2 million USD per month. Stressing the importance of a comprehensive approach, the provincial leader proposed placing the entire mining… Read More Here

Mining in Zambia Economy Governance

Zambia’s President to Prioritize Local Ownership in Mining Licenses with New Law

January 18, 2024January 22, 2024 Constance

In a recent announcement, President Hakainde Hichilema outlined key initiatives to strengthen Zambia’s governance and economic empowerment. The President declared the forthcoming introduction of a law aimed at preventing the sale of mining licenses to foreigners, emphasizing the government’s commitment to empowering Zambians with ownership of mining operations. Addressing the challenges in the public procurement process, President Hichilema disclosed plans for a new law in 2024 to address delays and corruption surrounding tenders. Additionally, he highlighted the impending review of the Electronic Government Procurement System (EGPS) to ensure broader citizen… Read More Here

Mining in Zambia Mining safety Safety & Health

Kansanshi Mine Kickstarts 2024 with a Focus on Safety and Performance

January 18, 2024January 18, 2024 Constance

Kansanshi Mining Plc kicked off the year with its first town hall meeting of 2024. The meeting focused on the importance of occupational safety, with Kansanshi Mine General Manager, Anthony Mukutuma, calling on every employee to be alert and prioritise safety when carrying out their duties. He called on team leaders to step up and ensure that they continually improve adherence to safety protocols.Safety Manager Teza Kasengele presented the company’s safety performance from the previous year and set zero fatalities for all, including contractors, among other safety targets for 2024.In… Read More Here

Mining in Zambia Copper Equipment & Technology Mining Equipment

Hitachi Debuts Engineless Full Battery Dump Truck for FQMs’ Kansanshi Mine in Zambia

January 17, 2024January 17, 2024 Constance

Hitachi Construction Machinery Co., Ltd. completed the test machine version of an engineless, full battery rigid frame dump truck (“full battery dump truck”), and on January 20, 2024, test machine will be shipped from Hitachi Construction Machinery’s Hitachinaka-Rinko Works (Hitachinaka, Ibaraki Prefecture, Japan) to the Kansanshi copper and gold mine operated by First Quantum Minerals Ltd, in the Republic of Zambia. With environmental awareness on the rise in the mining industry, there is growing interest in the electrification of mining machinery as part of efforts to reduce greenhouse gas emissions.… Read More Here

Mining in DRC Copper Electricity

Trafo Power Solutions Delivers 40+ Substations to Kamoa Copper

January 17, 2024January 17, 2024 Constance

Trafo Power Solutions says it has supplied 40 dry-type mini-substations, as well as seven standalone ring main units, to Kamoa Copper SA, one of the Africa’s largest and fastest growing copper operations, situated in the Democratic Republic of Congo. Kamoa Copper is the operator of the Kamoa-Kakula copper complex. “We are immensely proud to be involved in this mega project,” says David Claassen, Managing Director at Trafo Power Solutions. “Considerable design work and planning went into this contract, with very demanding lead times to keep up with the mine’s rapid… Read More Here

International Copper

FQM Initiates Strategic Measures Following Cobré Panama Closure

January 17, 2024January 17, 2024 Constance

First Quantum has announced plans to explore the sale of smaller mines in its portfolio and stakes in larger mining assets as part of strategic measures to address challenges arising from the closure of Cobré Panama. The company, however, dismissed rumors of selling a stake in the company or whole mines, particularly in Zambia, where it remains committed. The closure of Cobré Panama resulted from a dispute with the Panamanian government, which ruled in December that the mine’s license violated several articles of the country’s constitution. First Quantum faces a… Read More Here

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