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KANSANSHI US$1.25 BILLION S3 EXPANSION ON TRACK, SAYS FQM 21 Mining in Zambia Battery Metals Copper Press Release 

KANSANSHI US$1.25 BILLION S3 EXPANSION ON TRACK, SAYS FQM

Constance
SOLWEZI, ZAMBIA – As part of its 2023 Preliminary Production and 2024-2026 guidance issued on Monday, First Quantum Minerals Ltd has reiterated its commitment to delivering the ‘S3 Expansion’ project at the Kansanshi mine, near Solwezi, North-Western Province. The announcement was made as part of a stock market announcement providing guidance on recent and future production across the company’s operations. In May 2022 First Quantum reinforced its commitment to Zambia by investing US$1.25 billion in the Kansanshi mine, the largest investment into the Zambian mining industry in recent years. Known… Read More Here
Reviving Africa’s untapped exploration pipelines a key feature at Mining Indaba 2024 22 International Events & Expos Sponsored Content 

Reviving Africa’s untapped exploration pipelines a key feature at Mining Indaba 2024

Constance
The low-carbon economy of the future depends on mining and in turn, the future of mining largely depends on the exploration for and discovery of new mineral deposits. The African continent remains a treasure chest of green metals and minerals and has significant reserves of platinum cobalt, chromium and other battery metals. Yet despite this, Africa trails far behind when it comes to exploration spend, making it the last untapped mineral-rich continent. Mining Indaba 2024, taking place in Cape Town 5 – 8 February, will host a new and exciting… Read More Here
Angola: Government and Rio Tinto sign investment contract today 23 International Contracts & tenders Exploration News in Brief 

Angola: Government and Rio Tinto sign investment contract today

Constance
The second largest metals and mining company in the world, Rio Tinto, signs today 16th January, in Luanda, with the Angolan Government, a mining investment contract for prospecting and exploration of base metals in the province of Moxico. The information was provided by the Ministry of Mineral Resources, Oil and Gas, pointing out as the target of the contract the so-called “Moxico Concession”, which covers an area of ​​9,959 square kilometers. The list of base metals includes ores such as copper, lead, tin, aluminum, nickel and zinc. Rio Tinto, which officially entered Angola… Read More Here
Barrick Reports Higher Q4 Gold Production 24 International Gold 

Barrick Reports Higher Q4 Gold Production

Constance
 Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) (“Barrick” or the “Company”) yesterday reported preliminary full year and fourth quarter 2023 production results. On the back of higher Q4 production, preliminary gold production for the full year of 4.05 million ounces was consistent with our forecast as guided in our third quarter release.1  Preliminary copper production of 420 million pounds for 2023 was within the guidance range of 420 to 470 million pounds. The preliminary Q4 results show sales of 1.04 million ounces of gold and 117 million pounds of copper, as well as… Read More Here
FQM offers voluntary retirement to over 1,500 Panama mine staff 25 International Copper 

FQM offers voluntary retirement to over 1,500 Panama mine staff

Constance
First Quantum Minerals, opens new tab on Tuesday offered voluntary retirement to more than 1,500 employees at its key Panama mine, a day after announcing a major restructuring to conserve cash, which included suspension of dividends. The Canadian miner is dealing with the fallout of the Panama government’s decision in December to halt production at Cobre Panama mine following public protests, which accounted for more than 40% of the company’s annual revenue and is considered one of the biggest and newest copper mines in the world. Because of the closure… Read More Here
Ivanhoe Mines and Gécamines Ink Deal to Revive Kipushi Mine After a Century 26 Mining in DRC Mining in Zambia 

Ivanhoe Mines and Gécamines Ink Deal to Revive Kipushi Mine After a Century

Constance
Construction of new concentrator and underground development well ahead of schedule for first production in Q2 2024 Kipushi expected to produce more than 250,000 tonnes of zinc annually over first five years New Kipushi commercial border crossing and bypass road to unlock value for Kipushi and Kamoa-Kakula Kipushi, Democratic Republic of Congo, Ivanhoe Mines Executive Co-Chair Robert Friedland and President Marna Cloete, together with Chairman Guy-Robert Lukama Nkunzi and General Manager Placide Nkala Basadilua of Gécamines, the Democratic Republic of Congo’s state-owned mining company, are pleased to announce today the… Read More Here
Collapse of goldmine in Tanzania kills 22, official says 27 International Gold Mine Safety Mining safety Safety & Health 

Collapse of goldmine in Tanzania kills 22, official says

Constance
The collapse of an illegal small-scale gold mine has killed at least 22 people in northern Tanzania following heavy rains, a senior government official said on yesterday. The accident happened early on Saturday in the Simiyu region after a group of people aged between 24 and 38 years old started mining in an area where activity had been restricted due to ongoing heavy rains, Simon Simalenga, the region’s Bariadi district commissioner, told Reuters. “Initially we were told that there were 19 to 20 people who were trapped in the mines… Read More Here
Panamanian commission visits copper mine shut down after court invalidated concession 28 International Copper 

Panamanian commission visits copper mine shut down after court invalidated concession

Constance
Panama’s government last week inspected a huge copper mine shut down after the country’s Supreme Court ruled in November that the government’s concession with a Canadian mining company was unconstitutional. The deal had triggered widespread street protests. The administration of President Laurentino Cortizo has promised to carry out an orderly closure of First Quantum Minerals’ mine. The process will take years if carried out in a way to avoid environmental impacts, according to the company, the government and outside experts. The mine’s closure meant the loss of thousands of jobs.… Read More Here
The Lobito Corridor Project's Strategic Impact on Sustainability and Global Influence 29 Mining in Zambia Battery Metals Cobalt Mining in DRC Transport and Logistics 

The Lobito Corridor Project’s Strategic Impact on Sustainability and Global Influence

Constance
In the ever-evolving landscape of electric vehicles (EVs), a new challenge is emerging that extends beyond charging station accessibility: the availability of a critical mineral – cobalt. This heavy metal, predominantly sourced from central Africa, plays a pivotal role in EV batteries, and its scarcity poses a potential hindrance to the widespread adoption of EVs in the United States. To address this concern and bolster the global supply of cobalt and other essential minerals, the United States is investing significantly in a groundbreaking infrastructure initiative in Africa. The Lobito Corridor… Read More Here
Epiroc wins large mining equipment order for gold mines in China 30 International Gold Mining Equipment 

Epiroc wins large mining equipment order for gold mines in China

Constance
Stockholm, Sweden: Epiroc, a leading productivity and sustainability partner for the mining and construction industries, has won a large order for underground mining equipment from Shandong Gold Group Co., Ltd for use at three gold mines in China. Shandong Gold Group, one of China’s largest gold mining companies, has ordered a fleet of mine trucks, loaders, and drill- and rock reinforcement rigs to expand production at the Jiaojia, Xincheng, and Sanshandao gold mines. The order is valued at about MSEK 350 and was booked in the fourth quarter 2023. Epiroc… Read More Here

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