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Fourteen NGOs oppose LME plans to ban tainted cobalt

By: Reuters     22nd February 2019 Fourteen non-governmental organisations (NGOs) including Amnesty and Global Witness have opposed plans by the London Metal Exchange to ban cobalt tainted by human rights abuses, a letter seen by Reuters showed. Cobalt is a key ingredient in the batteries that power electric vehicles, a... 

Acid truck collison near Glencore mine in the DRC kills 20 people

By: Creamer Media Reporter      22nd February 2019 About 20 people were killed when a truck transporting acid to Mutanda Mining owned by Glencore in the Democratic Republic of Congo collided with two people carriers about 50km from the site. The acid truck was heading to the copper and cobalt operation near Kolwezi in the southeast of the country. 

African cobalt to continue dominating EV battery space – consultant

By: Tasneem Bulbulia     21st February 2019 Africa will continue to play a dominant role in the supply of cobalt for use in electric vehicle batteries, says Core Consulting MD Lara Smith. Speaking at a South African Institute of Mining and Metallurgy (SAIMM) breakfast seminar, in Johannesburg, on Thursday, she indicated that, from an... 

Idaho cobalt project development stalled by weak near-term price outlook

By: Mariaan Webb     20th February 2019 TSX-listed eCobalt Solutions has announced cost control measures to preserve its treasury, until the cobalt market recovers sufficiently to raise the necessary funding required for the advanced-stage Idaho cobalt project (ICP) in the US. The company will be reducing its overhead costs so that... 

AfDB optimistic about Eskom’s turnaround prospects

By: Terence Creamer     19th February 2019 The African Development Bank (AfDB), which has extended billions of rands in loans to Eskom, says it is optimistic the actions being taken to turnaround the embattled South African power utility will bear fruit. Power, energy, climate and green growth complex VP Amadou Hott told Engineering News... 

Buybacks and bumper profits on the cards as mining giants report

By: Bloomberg     18th February 2019 A surge in iron-ore prices is fueling hopes for bigger returns and a share-buyback spree as the world’s top miners prepare to report results. BHP, Rio Tinto, Glencore and Anglo American are expected to announce bumper profits over the next two weeks. So far, the biggest producers have remained... 

Nevada like Witwatersrand of 1970s – Bristow 

By: Martin Creamer     15th February 2019 Nevada is like the Witwatersrand of the 1970s, says new Barrick Gold president and CEO Dr Mark Bristow, whose Randgold Resources is now merged into Barrick to form the world’s biggest gold mining company, which is also an extractor of copper, a metal that Bristow sees as “another gold”. The brand... 

On-The-Air (15/02/2019) 

By: Martin Creamer     15th February 2019 African countries are streaking ahead of South Africa on the mining automation front; mining companies are opting for solar power because it is cheaper than Eskom power; and only black-owned companies will be allowed to buy the seven mining operations that are up for sale in Mpumalanga.... 

Nico project positioned to help meet growing cobalt demand

By: Jessica Oosthuizen     15th February 2019 Development-stage mining company Fortune Minerals’ Nico cobalt/gold/bismuth/copper project, in Canada’s Northwest Territories, is one of the few cobalt development stage projects situated outside of the Democratic Republic of Congo (DRC) that can support near-term accelerating demand for cobalt,... 

Barrick’s Loulo gold mine going solar

By: Martin Creamer     14th February 2019 As part of its cost-reduction me and drive to manage its carbon footprint, the Loulo-Gounkoto gold mine is to install a 24 MW off-grid solar hybrid plant to support its existing 63 MW thermal power station, by harnessing Mali’s abundant solar resource. The 24MW off-grid solar plant has the... 

Barrick advancing autonomous gold production – Bristow 

By: Martin Creamer     14th February 2019 Autonomous production systems and projects are being advanced across Barrick Gold as the group focuses on boosting mining efficiency, new Barrick president and CEO Dr Mark Bristow tells Mining Weekly Online. This is part of an all-out drive by Bristow to ensure that Barrick, into which Randgold... 

Bristow snaps into fast action wearing Barrick crown 

By: Martin Creamer     13th February 2019 Dr Mark Bristow has snapped into fast action wearing the Barrick crown. His Randgold Resources, which now falls under the Barrick Gold umbrella, on Wednesday bowed out with panache when it declared a 35% dividend increase to $2.69 a share, buoyed by record production of 807 000 oz of gold at the... 

Cobalt's price crash bottoming out, stocks to hinder quick rally

By: Reuters     12th February 2019 Cobalt's near year-long price slide is finally coming to an end, but high inventories of the battery metal will stop prices quickly re-claiming 2018's 10-year highs. London Metal Exchange prices have crashed to two-year lows of $32 000/t compared with levels near $100 000 in the first half of 2018. 

Nzuri finds funding for Kalongwe

By: Esmarie Iannucci     12th February 2019 Copper junior Nzuri Copper has secured a loan facility of A$3-million from major shareholder Tembo Capital Mining, to advance its Kalongwe copper/cobalt project, in the Democratic Republic of Congo. The unsecured loan will have a maturity date of nine months once the definitive agreement has... 

Demand for impeller, agitator tech in DRC increasing

By: Jessica Oosthuizen     8th February 2019 Demand for more effective and efficient impeller and agitator technology is on a dramatic upward trend in the Democratic Republic of the Congo (DRC), says industrial agitator and mixer manufacturer Mixtec sales and projects manager Rudi Swanepoel. He notes that the company sees a significant... 

Infrastructure, energy supply continue to hamper DRC mining operations

By: Jessica Oosthuizen     8th February 2019 Infrastructure and energy supply issues continue to hamper mining and processing operations, as well as the broader economy, in the Democratic Republic of Congo (DRC), says international metals and minerals consultancy Roskill director Jack Bedder. Despite the country having significant... 

Tin mining poised to become a significant mining play in DRC 

By: Jessica Oosthuizen     8th February 2019 Tin mining is poised to become a significant factor in the Democratic Republic of Congo (DRC), especially in North Kivu, as it can contribute to the country’s socioeconomic wellbeing, says tin exploration and mining company Alphamin Resources CEO Boris Kamstra. Alphamin Resources is developing... 

DRC’s new President an ‘unknown factor’ as far as mining is concerned

By: Rebecca Campbell     8th February 2019 The Democratic Republic of Congo (DRC), lying pretty much in the centre of Africa, is geographically the 11th biggest country in the world and is well-known for its mineral riches. In its most recent (2014) report “The Mineral Industry of Congo (Kinshasa)”, the US Geological Survey (USGS) noted... 

Fourteen NGOs oppose LME plans to ban tainted cobalt

By: Reuters     7th February 2019 Fourteen nongovernmental organisations (NGOs) including Amnesty and Global Witness have opposed plans by the London Metal Exchange to ban cobalt tainted by human rights abuses, a letter seen by Reuters showed. Cobalt is a key ingredient in the batteries that power electric vehicles, a... 

Congo 2018 copper output up 12.9% to 1.2Mt – Chamber of Commerce

By: Reuters     6th February 2019 Copper production in Democratic Republic of Congo, Africa's top producer, rose 12.9% in 2018 to 1.2-million tonnes, the Chamber of Commerce said in a presentation on Wednesday. Output of cobalt, a key component of electric car batteries, rose 43.8% to 106 439 t, while gold production increased by... 

Working together can deliver mining’s massive benefits – Friedland 

By: Martin Creamer     6th February 2019 Mining can and will deliver massive benefits if all stakeholders work together, Ivanhoe Mines executive co-chairperson and founder Robert Friedland said on Wednesday Speaking on the third day of the Investing in African Mining Indaba, he outlined the huge potential of collaborative government,... 

Underlying demand growth remains a boon for cobalt and copper – ERG

By: Tasneem Bulbulia     1st February 2019 While many industrial commodities fell victim to geopolitical and macroeconomic woes in 2018, Eurasian Resources Group (ERG) CEO Benedikt Sobotka expects to see a strong upside for cobalt and copper this year as underlying demand rallies. With some additional volatility expected ahead, the severe... 

Katanga advances cobalt debottlenecking project  

By: Tasneem Bulbulia     1st February 2019 Katanga Mining, which is a subsidiary of diversified major Glencore, says its cobalt debottlenecking project is progressing on schedule. In an update to shareholders published on Friday, the Democratic Republic of Congo-based company said three new filter presses, a magnesium oxide reagent plant... 

Glencore’s FY18 copper, cobalt output up on restart of Katanga processing operations 

1st February 2019 Diversified miner Glencore on Friday reported an 11% year-on-year increase in its copper production and a 54% year-on-year increase in its cobalt output, mainly as a result of the restart of Democratic Republic of Congo- (DRC-) based subsidiary Katanga Mining’s processing operations in late 2017.... 

SA Hippo in demand for US coal mines

1st February 2019 The HIPPO flameproof, medium/high voltage, submersible slurry pump manufactured by heavy-duty slurry pump manufacturer Hazelton Pumps is regarded as the world leader when pumping acidic liquids containing solids at high heads and high volumes and has been exported to the major mining countries.... 

Pumps manufacturer secures DRC slurry pumps contract

1st February 2019 Local pump manufacturer KSB Pumps and Valves has won a multimillion-rand tender to supply locally manufactured specialised slurry pumps to minerals and metals processing specialist Outotec, for the large-scale greenfield Mutoshi copper and cobalt mining project in the Democratic Republic of... 

Ivanhoe reports ‘unprecedented’ copper intersection in the DRC 

By: Creamer Media Reporter      31st January 2019 The Kamoa North prospect area has delivered an “unprecedented” 22.3-m intersection of 13.05% copper in a thick, flat-lying deposit, sending Canada’s Ivanhoe Mines share price up 10% on the TSX on Wednesday. The new drill hole at the Democratic Republic of Congo-based project includes grades of... 

Kibali achieves success across the board; above production guidance

By: Tasneem Bulbulia     29th January 2019 The Kibali gold mine, in the Democratic Republic of Congo (DRC), produced 807 251 oz of gold in 2018, above its target of 750 000 oz and 35% higher than its output in the previous year. This was achieved on the back of the successful ramp-up in underground production and a steady improvement in... 

Kola gets $2.1bn price tag

By: Esmarie Iannucci     29th January 2019 The Kola potash project, in the Republic of the Congo (also known as Congo-Brazzaville), is expected to cost $2.1-billion to develop, triple-listed Kore Potash said on Tuesday. The ASX-, JSE- and Aim-listed company revealed that Kola would have a nameplate capacity of 2.2-million tonnes a year of... 

Barrick CEO on Zambia tax dispute: Threats don't solve problems

By: Bloomberg     25th January 2019 Barrick Gold’s new CEO, Mark Bristow, said his company is seeking solutions to a dispute over mining taxes in Zambia. “We’re engaged with the government in a constructive way,” he told reporters at a press conference in the Ivory Coast’s economic capital, Abidjan. “We don’t believe that... 

Ivanhoe welcomes new DRC President Felix Tshisekedi

By: Marleny Arnoldi     25th January 2019 TSX-listed Ivanhoe Mines on Thursday welcomed the inauguration of Felix Tshisekedi as President of the Democratic Republic of Congo (DRC). “On behalf of everyone at Ivanhoe, we congratulate Tshisekedi and we salute the people of [the] DRC for their insistence on a peaceful and democratic... 

Consultancy plans to expand mining capability

By: Jessica Oosthuizen     25th January 2019 Multidisciplinary engineering and environmental consultancy Knight Piésold aims to expand its mining capability and market share, especially in tailings, as well as assist mines in developing renewable-energy projects in remote areas where grid power is unavailable or unreliable, says Knight... 

Step change for Indaba

By: Jessica Oosthuizen     25th January 2019 The twenty-fifth anniversary of the annual Investing in African Mining Indaba will have a major focus on how growth in Africa and African mining can be supported and achieved, says event organiser Mining Indaba content director Harry Chapman. The theme of this year’s event is Championing... 

Tech company exhibits for fifteenth year at Indaba

By: Jessica Oosthuizen     25th January 2019 Spectrometer and analyser supplier Spectrometer Technologies will for the fifteenth consecutive year exhibit at the Investing in African Mining Indaba held at the International Cape Town Convention Centre from February 4 to 7. The company supplies products such as those of biotechnology product... 

Mining Charter III empowers women, implementation uncertain

By: Jessica Oosthuizen     25th January 2019 Although the Mining Charter III has made great strides in empowering women, it remains to be seen how well these measures will be implemented, says law firm Cliffe Dekker Hofmeyr corporate and commercial director Mmatiki Aphiri. “The charter now has several provisions specifically catering for... 

Continued investment and development in Africa expected

By: Jessica Oosthuizen     25th January 2019 International metals and minerals consultancy Roskill expects continued interest, investment and development in Africa as the electronic vehicle (EV) revolution continues, says Roskill director Jack Bedder. “Africa has a significant role to play in the lithium-ion battery and EV story. The... 

Bisie tin project on track for commissioning in H2

By: Jessica Oosthuizen     25th January 2019 Construction on tin exploration and mining company Alphamin Resources’ Bisie tin project, in North Kivu, in the Democratic Republic of Congo (DRC), is about 90% complete and is on track for commissioning and first production in the second half of this year, says Alphamin Resources CEO Boris... 

Battery metals a key opportunity for Africa

By: Paige Müller     25th January 2019 A number of exploration projects are moving closer to production, following a period of significant explorative work financed by investors in the African battery metals space, says minerals exploration and evaluation consultancy firm The MSA Group principal consultant for critical metals Michael... 

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