Friedland confident Congo copper mine will be world’s second-largest

Having trouble viewing this email?  View online Africa News Digest Friday 8 February 2019 Home     Gold     Silver     Africa     Asia     Australia     China     Europe     Latin America Friedland confident Congo copper mine will be world's second-largest The founder of Ivanhoe Mines said the Kamoa-Kakula project is "on track to become one of the absolute greatest copper mining complexes in the world." read » First Quantum shares jump on refinancing Company has signed a new $2.7-billion term loan and revolving credit facility, replacing the existing $1.5 billion one. read » Gem Diamonds finds from iconic Lesotho mine drop, shares slump Company unearthed three of the 15 diamonds over 100 carats it found in 2018 in Q4, but carat recovery dropped by 17% to 29,523 ct in the period. read » Russia's Nordgold to invest over $360m in Guinea mine by 2034 The Russian gold producer has received a 15-year mining permit for its Lefa mine. read » Thor Explorations to build Nigeria's first large-scale gold mine Company envisions construction beginning in the second quarter of the year, followed by an 18-month building period. read » BlueRock finds another exceptional diamond at South African mine It is the second largest diamond mined from Kareevlei and the third valued at over $50,000. read » Firestone Diamonds output down on technical issue at Lesotho mine The company, which operates the Liqhobong diamond mine in Lesotho, said it recovered 224,947 carats in the three months through December, down from 240,733 carats in the first quarter. read » Near-record high vanadium prices boosts Bushveld Minerals 2018 results Repair work in the fourth quarter slightly impacted production, but that was more than offset by surging vanadium prices as demand for the metal grows. read » Danakali's potash project could be a game changer for Eritrea — UN UNDP says the Colluli potash project has the potential to significantly boost Eritrea's economy and advance the country's sustainable development agenda. read » Gemfields to pay $7.8m to settle human rights abuses claims in Mozambique The precious gemstones miner has agreed, on a no-admission-of-liability basis, to settle claims brought against it by a group of 273 Mozambicans related to its ruby mine in northern Mozambique. read » Rethinking mining strategies among the top-10 global trends to shape 2019 Mining companies now need to determine how to operate in a market that is characterized by rising stakeholder demands, a widening talent gap, as well as dwindling access to key inputs such as energy and water, says Deloitte in its latest annual report. read » Barrick's Tongon mine hits production targets despite strikes, social unrest After nine months of intermittent production caused by illegal strikes and social unrest, Tongon gold mine achieved its revised production target of 230,000 ounces for 2018, down from 288,680 the previous year. read » Anglo American rides out iron ore hitches in strong 2018 Copper production reached a five-year high, more than offsetting output declines at Minas Rio in Brazil and Kumba in South Africa. read » Russia's Alrosa, China's Anjin to dig for diamonds in Zimbabwe World's top diamond producer by output Alrosa and China-owned Anjin are the two foreign companies chosen by Zimbabwe's government to partner the state-diamond miner in exploring and digging up diamonds. read » Many Toronto-listed miners don't disclose environmental and social info — report The Responsible Mining Foundation says companies gain from strengthening their ability to 'know and show. read » First Quantum calls off massive job cuts in Zambia The Canadian miner planned to lay off 2,500 workers due to higher mining taxes in the country, but has now decided to continue dialogue with the government over the issue. read » Gold Fields dismisses AngloGold merger report Bloomberg speculated two South African firms could combine to create 6 million ounce per year producer as merger fever grips the gold mining industry. read » Death toll rises to six at South Africa coal mine gas explosion Rescue efforts were hampered by dangerously high levels of toxic gas underground. read » Fourteen NGOs oppose LME plans to ban tainted cobalt Is the LME trying to create a reputational green wash that allows it to say its members source responsibly because they tick some boxes? read » Bank Of America: Oil demand growth to hit zero within a decade By 2030, oil demand could hit a peak and then enter decline. read » Guinea not flexible on Simandou infrastructure – minister Simandou is one of the world's biggest iron deposits, containing billions of tonnes of high-grade ore, but development has been complicated by its location far from the coast. read » Zambian finance chief holds firm on higher mining royalties "There is no renegotiation taking place because a law has been passed in parliament to change the tax regime." read » Sibanye sees potential for buying South African gold assets "You don't create value for your shareholders when it's a fashion or a feeding frenzy" – Neal Froneman read » Gold Fields plans mega solar power plant at Grannie Smith Construction is to begin in May and be complete by Q4 2019. read » Bushveld Minerals hopes to list in Johannesburg by Q3 The listing is not intended to raise capital but would allow investment from South Africa where its core business was located. read » DRA Global continues growth path with SENET merger in Africa DRA has entered into a merger agreement with SENET, a leading African project management and engineering firm to create one of the largest project delivery and operations management companies on the continent. read » Congo 2018 copper output up 12.9 percent to 1.2m tonnes -Chamber of Commerce Output of cobalt rose 43.8 percent to 106,439 tonnes, while gold production increased by 22.6 percent to 28,539 kg. read » Read more Africa news on MINING.com » Home     Gold     Silver     Africa     Asia     Australia     China     Europe     Latin America About Us   |  Privacy Policy  |  Unsubscribe   |  Contact Us   |  Advertise This email was sent to you by InfoMine Inc. 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