As the world shifts aggressively toward clean energy, electric mobility, and robust digital infrastructure, strategic minerals like lithium, copper, manganese, and uranium are becoming essential […]
Tag: mining investment
Australia’s AVZ Minerals Secures Legal Victory Against Congo Over Disputed Lithium Mine
Australia’s AVZ Minerals has scored a pivotal legal victory against the Democratic Republic of Congo (DRC) and China’s Zijin Mining, marking a significant chapter in […]
Robex Resources Extends Nampala Gold Mine’s Life Amid Growing Tensions in Mali
Robex Resources Extends Nampala Gold Mine’s Life Amid Growing Tensions in Mali
Sustainable Mining Practices: How African Countries Are Managing the Environmental Impact of Increased Mining Activity for Green Energy
Sustainable Mining Practices: How African Countries Are Managing the Environmental Impact of Increased Mining Activity for Green Energy
The Challenges and Opportunities of Open Cast Mining in Namibia During the Rainy Season
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.
Kodal and Mali Government Sign MoU for Bougouni Lithium Project Transfer
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.