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First Quantum seals Panama copper project deal

First Quantum Minerals Limited (FQML) has acquired a 10 percent ownership interest and shareholder loans in Minira Panama SA (MPSA) which holds the concession for the Cobre Panama project. The concession is located 120 kilometres west of Panama City and 20 kilometres from the Caribbean Sea coast, in the district …

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Husqvarna builds first solar powered facility in US

Husqvarna Group is building its first solar power generating facility at its current injection molding site in Nashville, Arkansas, USA. The new facility is expected to reduce the CO2 footprint by approximately 1,000 tons in the first year of operation and approximately 25,000 tons over the expected 25 year life …

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De Beers hikes marketing budget to strengthen sales

International diamond company De Beers Group has announced plans to invest more than US$140 million in marketing this year. The budget is the biggest spend since 2008, as the group focus on generating further consumer demand for diamond jewellery in the leading markets globally. The greatest spend is targeted in …

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Konecranes celebrates 1000th RTG delivery

Konecranes is celebrating a milestone of its cranes this year with phenomenal installations across the globe. Konecranes’ 100th rubber tired gantry (RTG) crane has been installed at the Georgia Ports Authority at the Port of Savannah in the USA. In South Africa, three 350kg RMG’s have been installed at Transnet …

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Minerals, metals demand to rise

World Bank says aluminum, copper, lead, lithium, manganese, nickel, silver, steel, and zinc and rare earth minerals such as indium, molybdenum, and neodymium demand is expected to rise, as the world works towards commitments to keep the global average temperature rise at or below 2°C. In a report ‘The Growing …

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Another exceptional discoveries for Letšeng Mine

British miner has discovered a high quality 104.73 carat diamond and a 151.52 carat yellow diamond. The discovery from the company’s Letšeng mine in Lesotho follows recent recoveries announced in May of an exceptional 80.58 carat D-colour Type IIa diamond and a 98.42 carat D-colour Type IIa diamond, as well as …

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Top 40 miners recover from a race to the bottom

PwC Africa’s 14th edition of PwC’s industry series analysing financial performance and global trends – PwC’s Mine 2017 report has painted a positive outlook for the mining industry. This comes at the backdrop of bolstered balance sheets and a return to profitability in 2016, giving mining companies much-needed space to …

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Redpath SA drill Africa’s largest diameter hole

Redpath Mining South Africa has recently completed reaming of a 7.3 m diameter hole at Sasol’s Impumelelo Mine, the largest diameter hole reamed to date in Africa Johan Davel, Redpath Mining General Manager of Raiseboring said the reaming performance of the Redbore 90EX surpassed the company’s expectations “Achieving optimal accuracy …

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Eastern Congo now supplying conflict free gold

Partnership Africa Canada’s (PAC) first responsible and conflict free artisanal gold supply chain is now operational in Eastern Congo’s Just Gold project. The global leader in developing innovative approaches to strengthen natural resource governance said Just Gold project is the first to successfully trace conflict-free and legal artisanal gold from …

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IMF projects economic improvement

International Monetary Fund says the country’s economic growth is expected to improve slightly to 3.5 percent in 2017. The Fund said sustaining the high inclusive growth in the future requires sound policies and reforms to improve competitiveness. IMF team welcomed the government’s fiscal consolidation plans which aim at putting public …

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