According to a report from the Financial Times, key South African shareholders of Anglo American are receptive to a potential takeover bid from BHP, the world’s largest listed mining group. Some of these shareholders are suggesting that BHP enhance its offer by including a cash component. They indicated to theContinue Reading
Leo Lithium announced on Wednesday that it has finalized an agreement with China’s Ganfeng Lithium to offload its remaining 40% ownership in a Mali-based mine for a sum of $342.7 million. Additionally, the West Perth-headquartered company disclosed the signing of a memorandum of understanding (MOU) to resolve all outstanding mattersContinue Reading
Listed on AIM, Kefi Gold and Copper has reported significant progress according to plan at its Tulu Kapi gold project in Ethiopia. The finance syndicate board processes are progressing as scheduled for final conditional approvals this May, while preparations for the project launch are underway. Kefi highlights the positive developmentsContinue Reading
Sameh Shenouda, executive director & chief investment officer at Africa Finance Corporation (AFC), discusses perceived risks around mining projects, keeping value within the continent and being a catalyst for change In 2024, there is little need to rehash the staggering potential of Africa’s mining industry. Aside from the bedrock ofContinue Reading
London Stock Exchange-listed metal exploration company Kavango Resources is consolidating bulk-mining to increase Zimbabwe’s gold production. The company, which has begun work at its Hillside gold project in Matabeleland South province, disclosed that the nation’s bulk-mining potential remained largely underdeveloped as the process requires the open pit mining of a large oreContinue Reading
Controlling costs and remaining competitive and financially viable are constant challenges for operators of underground hard rock mines. Making intensive use of new technology is the logical starting point for making every aspect of a mine’s daily operations more efficient and cost effective. To support the local market with theseContinue Reading
Normet SmartDrive® is a modular battery electric vehicle (BEV) architecture designed to optimize energy consumption and performance in underground mining and tunneling applications. Normet SmartDrive® equipment enable higher productivity, lower operating costs and most importantly – zero local emissions. The Normet SmartDrive® architecture includes the latest Li-ion battery technology withContinue Reading
Focused on exploring research solutions for the mining sector’s ongoing technological advancements, the Wits Mining Institute (WMI) during April hosted a Real-time Information Management Systems (RTIMS) Dialogue Session under the theme ‘Bridging the Gap between Operational Technology and Data Analytics’. The dialogue, which forms part of the WMI’s South AfricanContinue Reading
Cummins Inc. (NYSE: CMI) launched a new 15L diesel engine for the Off Highway market at Intermat 2024. This new product is displayed alongside a wide range of Cummins off-highway technologies on Booth 5a D063 at Intermat, in Paris, France Apr. 24-27, 2024. The Next Generation X15 diesel engine maintains reliabilityContinue Reading
A unit of International Holding Company, Abu Dhabi’s most valuable company, is interested in acquiring Zambia’s Lubambe copper mine, an asset that China’s JCHX Mining has already agreed to buy, three sources familiar with the details told Reuters. International Resources Holding recently told EMR Capital that it is interested in biddingContinue Reading
