Category: MINING

Africa’s Role in Supplying Critical Minerals for the Green Energy Revolution

  • January 14, 2025
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As the global economy pivots towards sustainability, the demand for critical minerals such as lithium, cobalt, and rare earth elements (REEs) has surged. These materials are the cornerstone of modern clean energy technologies, powering everything from electric vehicles (EVs) to renewable energy storage systems. Africa, endowed with vast deposits of these resources, is increasingly at the forefront of the green energy transition. But how can the continent navigate its opportunities and challenges in this burgeoning sector?

Ivanhoe Mines Targets Record Copper Output in the DRC for 2025

  • January 10, 2025
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Ivanhoe Mines, listed on the Toronto Stock Exchange (TSX), has set an ambitious production target for its flagship Kamoa-Kakula copper complex in the Democratic Republic of the Congo (DRC), aiming for between 520,000 and 580,000 tonnes of copper in concentrate in 2025. This target builds on the record-breaking success of 2024, where the complex produced 437,061 tonnes, marking a 12% year-on-year increase.

The Challenges and Opportunities of Open Cast Mining in Namibia During the Rainy Season

  • January 6, 2025
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Open cast mining in Namibia plays a crucial role in the country’s economy but faces significant challenges, especially during the rainy season. The impact of heavy rains exacerbates environmental, safety, and operational concerns, such as soil erosion, water contamination, and flooding in mining pits. These issues are compounded by the financial burden of adhering to environmental regulations and maintaining infrastructure in remote areas. Despite these challenges, opportunities for growth exist through technological advancements, such as automated water pumping systems, and government incentives that support exploration and investment. The sector also stands to benefit from beneficiation, which allows for higher market prices by refining minerals before export. By leveraging innovation and collaboration, Namibia’s mining sector can overcome seasonal adversities and achieve sustainable growth.

Lure of Anglo’s copper mines could test BHP’s spending resolve

  • December 21, 2024
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BHP, the world’s biggest miner, would need to offer a minimum 40% premium over Anglo American’s share price to make a renewed takeover bid now the rival’s value has been boosted by asset sales, two sources close to the matter told Reuters.

Mitsui’s High Stakes in Zambia: A Tale of Copper and Opportunity

  • November 19, 2024
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In the heart of Zambia’s copper belt, where red metal veins hold the promise of a greener future, Mitsui & Co. emerged as the leading contender in a $2 billion bid for stakes in First Quantum Minerals’ Sentinel and Kansanshi mines. As global demand for copper surges, fueled by electric vehicles and renewable energy ambitions, Mitsui’s strategic offer reportedly outpaced Saudi Arabia’s Manara Minerals. With Zambia accounting for half of First Quantum’s output and $450 million in operating profit last year, the stakes are monumental—not just for the corporate giants vying for control, but for a nation poised at the crossroads of economic opportunity and global resource competition.

Increasing Wave of Illegal Miners Resurfacing from North West Mineshaft

  • November 3, 2024
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Nearly 600 illegal miners have resurfaced from a Stilfontein mineshaft in North West South Africa, following intensified police and South African Defence Force (SANDF) interventions aimed at curbing illegal mining activities. Many of these miners, who have spent over a year underground, primarily hail from neighboring countries like Mozambique and Lesotho, seeking better economic opportunities. Upon emerging, they are met by law enforcement officials who arrest them and provide basic necessities while awaiting legal processing. This situation highlights the urgent need for comprehensive solutions to the illegal mining crisis, as it poses significant humanitarian, legal, and socio-economic challenges for both the individuals involved and the broader community.

Kodal and Mali Government Sign MoU for Bougouni Lithium Project Transfer

  • November 3, 2024
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Kodal Minerals has entered a binding memorandum of understanding (MoU) with the Malian government to finalize the transfer of the Bougouni lithium project mining license to Les Mines de Lithium de Bougouni SA (LMLB). This agreement follows a $117.5 million investment from Hainan Group and is governed by the 2023 Mining Code of Mali. Key provisions of the MoU include the allocation of a 35% equity interest in LMLB to the Malian State and local investors, with customs and duties exemptions during the construction phase. Kodal Minerals CEO Bernard Aylward emphasized that this milestone solidifies the project’s future and underscores the strong partnership between Kodal and the Malian government, with production expected to begin in the first quarter of 2025.

Strengthening Africa’s Critical Mineral Sector: Major Investments Fueling Economic Growth

  • October 13, 2024
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In September 2024, the Industrial Development Corporation of South Africa (IDC), along with the Development Bank of Southern Africa (DBSA) and Tanzania’s CRDB Bank, announced a significant $179 million investment in Tanzania’s Mahenge Graphite Project. This financing aims to capitalize on the growing demand for energy transition metals, positioning Tanzania as a key player in the global market with an output of 347,000 tons per annum. The funding reflects a broader trend of African nations seeking to reduce reliance on foreign financing while gaining greater control over mining projects. As regional financial institutions bolster support for critical mineral initiatives, the upcoming Critical Minerals Africa (CMA) 2024 summit will explore innovative investment opportunities and local financing mechanisms, highlighting Africa’s vast potential in the critical minerals sector.

Akobo Minerals Announces Major Milestone in Segele Mine Development, Moving Towards Full-Scale Ore Extraction

  • September 29, 2024
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Akobo Minerals has achieved a significant milestone in the development of its Segele mine with the completion of the crosscut between the Western and Eastern tunnels. This critical infrastructure enhances operational efficiency and safety, allowing the team to transition from development to stoping activities. The crosscut improves ventilation and provides a secondary exit route, boosting worker safety.

As the company prepares to extract high-grade ore from the richest section, Stope 01, discussions among stakeholders reflect optimism for increased production and financial stability. The mining community is closely monitoring these developments, anticipating a transformative phase for Akobo Minerals as it positions itself for significant growth in the region’s mining sector.

Diamond Beneficiation Project to Empower Indigenous Communities

  • September 14, 2024
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The Aboriginal Business Forum of South Africa (ABFSA) is set to transform the economic landscape of Kimberley with a new diamond polishing and jewellery-making factory. This initiative, aimed at benefiting marginalized Indigenous communities in the Northern Cape, was solidified this week with a memorandum of understanding signed in Namibia. ABFSA CEO Vernon Mostert emphasized that the project will not only create jobs and provide skills training but also help preserve Indigenous cultures and languages. The collaborative effort, involving the Indigenous Peoples Businesses Forum and Ministry of Trade representatives, marks a significant step towards local empowerment and economic justice.

Harnessing Sub-Saharan Africa’s Critical Mineral Wealth

  • September 14, 2024
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In this groundbreaking study, Wenjie Chen, Athene Laws, and Nico Valckx delve into [insert topic], offering fresh insights and comprehensive analysis. Their collaborative research highlights [insert key findings or themes], providing a valuable contribution to the field of [insert field]. This work not only advances current understanding but also sets the stage for future exploration and innovation.

Atlantic Lithium Secures Environmental Permit for Ghana’s First Lithium Mine

  • September 14, 2024
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Atlantic Lithium Limited has received an environmental permit from Ghana’s Environmental Protection Agency (EPA) for its Ewoyaa Lithium Project, marking a pivotal step towards establishing Ghana’s first lithium mine. The permit, following extensive community engagement and regulatory review, clears the way for the project’s advancement. Atlantic Lithium’s Executive Chairman, Neil Herbert, hailed the approval as a major milestone in the development of Ghana’s lithium industry, which is poised to play a key role in the global clean energy transition.

Zambia’s Proposed Minerals Law Risks Undermining Copper Investment and Production Goals, Industry Experts Warn

  • August 18, 2024
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Zambia’s new Minerals Regulation Commission Bill, designed to increase government control over mineral resources, is raising alarms in the mining sector. Industry experts warn that the bill’s provisions, including potential forced state acquisitions, could deter foreign investment and jeopardize the country’s goal of boosting annual copper production to 3 million metric tons. As Zambia strives to position itself as a leading copper producer, the proposed law may inadvertently create new challenges in attracting and retaining essential investments.

Copper 360 Reignites O’Kiep Copper District Amid Global Supply Crisis

  • August 11, 2024
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Copper 360 has reignited copper mining in South Africa’s historic O’Kiep Copper District after more than 40 years, with the reopening of the Rietberg mine. As global demand for copper surges, this development is poised to bolster both the local economy and the global copper supply, marking a new era for the region and the company.

Advancing Construction Efficiency with the Cat® 745 Articulated Truck

  • June 23, 2024
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The CAT 745 is a powerhouse in the realm of heavy-duty construction equipment, designed to maximize productivity and efficiency. Boasting a 41-ton payload capacity and a 25 m³ heaped volume, it features the robust Cat C18 engine known for its durability and fuel efficiency. The CAT 745 is equipped with advanced technologies like automatic traction control, ECO mode for fuel savings, and stability assist systems, ensuring both operator safety and machine performance. With an emphasis on operator comfort, the spacious cab includes improved visibility, reduced noise levels, and intuitive controls, making it a reliable choice for demanding construction projects.

Resolute Mining – A Beacon of Success in African Gold Mining

  • June 16, 2024
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Resolute Mining, a leader in African gold mining, boasts over three decades of expertise, with operations in Mali, Senegal, and Guinea. The company is committed to sustainable growth through extensive exploration, aiming to discover new deposits and expand existing resources. Resolute’s dedication to community engagement and responsible resource management underscores its mission to support regional development and environmental stewardship, making it a beacon of innovation and success in the mining sector.