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Anglo American submits $1.1 billion tailings, water management plan for Los Bronces 22 International Copper 

Anglo American submits $1.1 billion tailings, water management plan for Los Bronces

Constance
Anglo American (LON: AAL) submitted an environmental impact declaration before Chile’s Environmental Assessment Service (SEA), which is aimed at accelerating the tailings removal process from the Pérez Caldera Dam at its Los Bronces mine; adapting the operation’s water supply so that it functions with desalinated water; and repowering the recovered water system. In a statement sent to local media, Anglo American said that the $1.1 billion plan will pay special attention to re-pulping or moving mineral pulp or tailings from the Pérez Caldera dam to the Las Tórtolas tailings dam.… Read More Here
UMK announces reduction in Manganese production 23 Battery Metals International Press Release 

UMK announces reduction in Manganese production

Constance
Johannesburg: United Manganese of Kalahari (UMK) announced today that, in response to the worsening market conditions, it will reduce the production of manganese ore and concomitant to that, the sale of its ore products, for the time being. “Softened demand side conditions have informed our decision to ease production and sales,” said UMK chief executive Malcolm Curror.  He added that the company will return to normalised outputs when the market recovers.  Curror noted that the temporary slowdown in production and sales will have no impact on the company’s employee body. … Read More Here
Ivanhoe Mines' Kamoa-Kakula Copper Complex Begins Exports Through Lobito Atlantic Rail Corridor 24 Mining in DRC Copper Mining in Zambia Transport and Logistics 

Ivanhoe Mines’ Kamoa-Kakula Copper Complex Begins Exports Through Lobito Atlantic Rail Corridor

Constance
Ivanhoe Mines Executive Co-Chair Robert Friedland and President Marna Cloete announce today January 2nd that the first shipment of copper concentrate from the Kamoa-Kakula Copper Complex has arrived by rail at the Atlantic Ocean port of Lobito, in Angola. The first shipment is a part of the trial tonnage under the memorandum of understanding (MOU) signed between Lobito Atlantic International SARL (LAI or the Consortium) and Kamoa Copper S.A. (Kamoa Copper) on August 18, 2023. The rail line, linking the Democratic Republic of Congo (DRC) Copperbelt to the port of… Read More Here
Illegal Chinese Gold Mining Leaves An Open Wound In Ghana 25 International Gold 

Illegal Chinese Gold Mining Leaves An Open Wound In Ghana

Constance
Chinese national En “Aisha” Huang is well known in Ghana as the “Galamsey Queen,” a nickname bestowed by the local media to describe her status as a kingpin of illegal gold mining operations. Her arrest and recent sentencing are emblematic of Ghana’s serious, ongoing problem with Chinese involvement in illegal artisanal small-scale gold mining (ASM). A Ghanaian court on December 4 sentenced Huang to 4½ years in prison and levied a $4,000 fine for running an illegal mining operation. Authorities told reporters that she will be deported after serving the… Read More Here
First Cargo Train of Copper Ore Arrives at Lobito 26 Copper Mining in DRC Transport and Logistics 

First Cargo Train of Copper Ore Arrives at Lobito

Constance
On Sunday morning, December 31st, Lobito witnessed the arrival of a groundbreaking cargo train carrying 960 tons of unprocessed copper ore from the Democratic Republic of Congo’s Kolwezi region. Departing from the Luau station in Moxico province on a Friday evening at 4:30 PM, the seventeen-vehicle train, including a GE C30ACi locomotive and 16 LC-type wagons, traveled 1,289 kilometers for 38 hours to reach the Lobito Commercial Port. This monumental arrival signaled the first ore shipment post the transfer agreement of railway services and logistics support for the Lobito Corridor… Read More Here
Dundee to acquire Osino’s Twin Hills gold project in Namibia for $214 million 27 International Gold 

Dundee to acquire Osino’s Twin Hills gold project in Namibia for $214 million

Constance
Dundee Precious Metals (TSX: DPM) is buying Osino Resources (TSXV: OSI) for C$287 million ($214m) in cash and shares to acquire its advanced-stage Twin Hills gold project in Namibia. The half-stock, half-money deal gives Dundee all of Osino’s shares for C$0.775 each plus 0.0801 of a Dundee share, representing a premium of 44% on the 30-day, volume-weighted average price of Osino stock as of Dec. 15. Osino shareholders will get 7% of the company in the transaction expected to close by June. Twin Hills is an open-pit project with a… Read More Here
Mopani Copper Mines New Mining Projects Mining in Zambia 

Baker McKenzie worked with ZCCM-IH on Mopani’s US$1.1 billion partnership with IRH

arnbethnic
Baker McKenzie, a prominent global law firm, provided legal counsel to ZCCM Investments Holdings Plc in connection with its execution of an investment agreement with International Resources Holding RSC Limited (IRH), a leading mining entity in Abu Dhabi. The agreement entails IRH’s commitment to invest $1.1 billion in Mopani Copper Mines Plc (Mopani), a key copper mining operation in Zambia. The completion of the transaction is contingent upon the satisfaction of specific conditions precedent, including the restructuring of the longstanding relationship between Glencore International AG and Mopani. Mopani plays a… Read More Here
DRC's Trade Triumph: November 2023 Records $3.1 Billion Surplus, 6.87% Growth in Import-Export Volume 45 Mining in DRC Economy Governance 

DRC’s Trade Triumph: November 2023 Records $3.1 Billion Surplus, 6.87% Growth in Import-Export Volume

arnbethnic
At the end of November 2023, the volume of trade between the DRC and the rest of the world increased by 6.87% compared to the corresponding period of 2022. The trade balance showed a surplus of 3,153.96 million USD compared to that of 3,146.26 million recorded at the end of November 2022. Relative to GDP, this surplus represents 4.60% against 4.78% in 2022. This development is essentially due to the more pronounced increase in imports compared to that of exports, from one year to the next. Indeed, exports increased by… Read More Here
Triumph at the Ballot Box: Félix Tshisekedi Secures Re-Election with 73% Support in DRC's Presidential Showdown! 46 Mining in DRC Governance 

Triumph at the Ballot Box: Félix Tshisekedi Secures Re-Election with 73% Support in DRC’s Presidential Showdown!

arnbethnic
Re-elected with 73% of the votes, Félix Tshisekedi has 5 years to consolidate the achievements of the first five-year term. At 4:02 PM (1 hour later in the eastern provinces of the DRC), under the daylight, the president of the CENI, Denis Kadima, began reading decision 130 of the CENI proclaiming the provisional results of the presidential election on December 20, 2023. Surrounded by members of the electoral commission, Denis Kadima indicated that candidate Felix Tshisekedi received a total of 13 million votes out of 18 million voters, representing 73%… Read More Here

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