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CFM discusses Rail links Between South-Zambia and Namibia 22 Mining in Zambia Angola Transport and Logistics 

CFM discusses Rail links Between South-Zambia and Namibia

Constance
During the conference titled “Revitalization of Transport and Export Processes for Iron Ore and Ornamental Rocks in Southern Angola” on December 7th in Menongue, 84 attendees stressed the critical necessity of establishing railway connections in the region. Their focus was on expanding the Moçâmedes Railway (CFM) to create links between Menongue-Malanje (extending further to Zambia) and connecting Namibe to a terminal in Namibia. They urged for a link between Menongue-Malanje (leading to Zambia) via the Moçâmedes Railway (CFM) and another connection from Namibe to Namibia’s terminal. The initiative not only… Read More Here
Ivanhoe Mines to Quadruple 2024 Exploration Budget 23 Mining in DRC New Mining Projects 

Ivanhoe Mines to Quadruple 2024 Exploration Budget

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Ivanhoe Mines Founder and Executive Co-Chair Robert Friedland and President Marna Cloete announced that the company is substantially increasing its group exploration activities and budget for 2024. The group budget for 2024 will quadruple to approximately $90 million, with exploration activities primarily focused on the 2,654-square-kilometre Western Foreland Exploration Project. The budget increase follows the November 28, 2023 announcement of the geologically significant, high-grade Kitoko copper discovery, as well as the maiden Mineral Resource estimates for the Makoko and Kiala high-grade copper discoveries, as announced on November 13, 2023, in the Western Forelands. The… Read More Here
Global Gold Prices Rise 0.93% to Reach $64.97 USD/kg in DRC This Week 24 Mining in DRC Gold 

Global Gold Prices Rise 0.93% to Reach $64.97 USD/kg in DRC This Week

Constance
The general price trend of mining products exported from the Democratic Republic of Congo (DRC) should be stable on the different markets during the period from December 4 to 9, 2023.Only three products including gold, copper and silver are expected to record a slight price increase at the start of December 2023. According to the projections of the National Mercurial Commission of the Ministry of Foreign Trade, gold should trade this week at 64.97 USD per kg against 64.37 USD per kg a week previously, an increase of 0.93 %.… Read More Here
New ZCCM-IH Vice Board Chair Tours Mopani Copper Mines PLC Facilities 25 Copper Mining in Zambia Mining Personality 

New ZCCM-IH Vice Board Chair Tours Mopani Copper Mines PLC Facilities

Constance
Mr. Mubita Akapelwa, the recently appointed Vice Board Chairperson of ZCCM-Investment Holdings (ZCCM-IH), conducted an extensive tour of Mopani Copper Mines PLC facilities on Wednesday, December 6th, 2023. Accompanied by senior officials from ZCCM-IH, Mr. Akapelwa visited various key operational sites in both Kitwe and Mufulira. In Kitwe, the delegation inspected crucial areas at the Nkana Mine Site, including the South Orebody (SOB) Shaft, Synclinorium Shaft, Synclinorium Concentrator, and the Mindola Deeps project. Their visit aimed to gain firsthand insights into the operations and ongoing projects at these strategic locations.… Read More Here
Gemfields Surpasses Auction Revenue Milestone with Strong Ruby Sales 26 Gemstones Precious Stones 

Gemfields Surpasses Auction Revenue Milestone with Strong Ruby Sales

Constance
Gemfields, renowned for its ruby and emerald mining, recently concluded a successful auction, boasting total revenues of $69.5 million from the sale of 97 lots, comprising 239,591 carats of rough rubies. The average price realized for the rubies stood at $290.02 per carat, marking a prosperous auction for the mining company. These rough rubies, extracted by Montepuez Ruby Mining (MRM), a joint venture with Mozambican partner Mwiriti (75% owned by Gemfields and 25% by Mwiriti), will see the entire proceeds repatriated to MRM in Mozambique. Notably, all owed royalties to… Read More Here
Barrick Named Tanzania’s Employer of the Year 27 International Gold 

Barrick Named Tanzania’s Employer of the Year

Constance
The North Mara Gold Mine has been crowned Employer of the Year at the prestigious 2023 Association of Tanzania Employers (ATE) Awards ceremony. North Mara is operated by Barrick and is jointly owned with the Tanzanian Government through Twiga Minerals Corporation. The distinguished event, held at the Mlimani City Conference Centre in Dar es Salaam, was graced by Honourable Joyce Ndalichako, Minister of State (Prime Minister’s Office) for Labour, Youth, Employment, and Persons with Disabilities. Twiga achieved a resounding triumph by not only securing the top honour as the Employer… Read More Here
CAMI Director General Addresses Mining Regulation and Transparency at Kinshasa University Conference 28 Mining in DRC Events & Expos 

CAMI Director General Addresses Mining Regulation and Transparency at Kinshasa University Conference

Constance
Director General (DG) of the Mining Cadastre (CAMI), Popol Mabolia, took center stage on December 2nd at the University of Kinshasa during a pivotal conference-debate focused on legal regulations within the Democratic Republic of Congo’s (DRC) thriving mining sector. The conference, organized jointly by the Legal Café and the Faculty Delegation of the Faculty of Law, delved into the country’s mineral wealth and regulatory frameworks. Notable figures like Minister of Mines, Antoinette N’samba, and Deputy Inspector General of Mines, Mr. Kampata Mbwelele Dona, joined DG Popol Mabolia in this important… Read More Here
Barrick Collaborates with Dominican Authorities for Storm-Affected Communities 29 International Corporate social responsibility Gold 

Barrick Collaborates with Dominican Authorities for Storm-Affected Communities

Constance
The Barrick-operated Pueblo Viejo gold mine is supporting communities in the Sanchez Ramirez province in the Dominican Republic in the wake of a tropical storm which was in excess of a 1 in 500-year event.  Nearly 500mm of rainfall was recorded within a 24-hour period, causing significant flooding, bridge destruction and road blockages.  Operations at Pueblo Viejo were suspended for 72 hours from November 17th, when the storm made landfall. No significant damage to the plant’s infrastructure was reported and processing operations have resumed. No injuries on the mine were… Read More Here
Barrick Supports Consolidated Standard for Responsible Mining 30 Gold International 

Barrick Supports Consolidated Standard for Responsible Mining

Constance
The Copper Mark, Mining Association of Canada, ICMM and the World Gold Council has announced their intention to work together to consolidate their respective responsible mining standards into one single standard. Barrick supports this initiative and has been an advocate of this consolidation for many years. “Having one standard for responsible mining will not only provide clear direction on what good should look like but would reduce the complexity that exists with the numerous standards currently in circulation,” said Barrick president and chief executive Mark Bristow. “It is also crucial… Read More Here
President Hichilema Assures Support and Urges Hope Amid Trapped Miners' Ordeal 31 Mining in Zambia Mine Safety Mining safety Safety & Health 

President Hichilema Assures Support and Urges Hope Amid Trapped Miners’ Ordeal

Constance
In a gathering at the Chingola Civic Centre, President Hakainde Hichilema addressed the families of the trapped miners, urging them to remain calm and steadfast during this challenging period. He assured them that the government is diligently working to swiftly conclude the rescue operation. President Hichilema emphasized the importance of maintaining hope and urged the affected families not to succumb to mourning but to channel their energies into prayer, rallying for the safe retrieval of the trapped miners. During the meeting, the President extended financial support by providing Ten thousand… Read More Here

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