Operations at a Zijin Mining Group Ltd. copper and cobalt mine in the Democratic Republic of Congo (DRC) have been halted due to concerns about elevated radiation levels in its cobalt, according to sources familiar with the situation. The La Compagnie Minière de Musonoie project, also known as COMMUS, hasContinue Reading
Goldplat PLC on Friday noted the arrival of the diesel generators at our operations in South Africa. The London-based gold miner and producer has recovery operations in Ghana and South Africa, and serves clients in Africa and South America. It said that commissioning will be finalised by the end ofContinue Reading
GoviEx Uranium (TSXV: GXU) is in talks with Niger’s military leadership to prevent the potential loss of its Madaouela project license if the mine isn’t operational by July 3. This news led to a significant drop in the company’s shares. On Friday, GoviEx stock plummeted nearly 25% to C$0.095 perContinue Reading
Jetstream of Houston, LLP, a leading manufacturer of industrial high-pressure waterblasting equipment, parts and accessories, announces a new 40,000-psi model of its 4” J-Force™ pipe cleaning tool. Designed for durability, this self-powered rotating nozzle uses seven jets to clean and clear scale, hard carbon and polymer, sludge or other blockages in industrialContinue Reading
Vedanta Resources Ltd has approached trading houses as it seeks to raise capital to revive the Konkola copper mining and smelting complex in Zambia. Billionaire Anil Agarwal’s Vedanta has discussed tolling and prepayment facilities with commodity traders, including Mercuria Energy Group, for output from Konkola Copper Mines Plc, according toContinue Reading
Chinese miner CMOC’s first-quarter copper and cobalt production was up by 123% and 392% respectively, it said on Monday. The company, which mines copper and cobalt in the Democratic Republic of Congo, produced 147,500 metric tons of copper and 25,200 tons of cobalt in the first three months of theContinue Reading
As projections for all the copper needed in the clean-energy transition help send prices of the wiring metal to two-year highs, a new report highlights the risks to future metal supplies from climate change. Even in an optimistic low emission scenario for 2050, more than half the world’s copper minesContinue Reading
South Africa’s Harmony Gold on Tuesday raised its gold output forecast for the year to June 2024 by nearly 5% due mainly to higher metal grades, which will also boost earnings per ton of ore processed and cut costs per ounce produced. In a production update, Harmony said it expectsContinue Reading
Barrick Gold (TSX: ABX; NYSE: GOLD) faced criticism outside its annual general meeting on Tuesday in Toronto for supporting Malian rulers with ties to Russia. The operator of the Loulo-Gounkoto gold complex in the West African country increased tax, royalty and dividend payments to the government by almost half toContinue Reading
Anglo American faced calls from shareholders on Monday to detail plans for improving its value in order to fend off bidder BHP, as activist investor Elliott further raised the stakes by increasing its holding in the takeover target. BHP, the world’s biggest listed mining group, is privately talking to investorsContinue Reading
