International News

Canadian miner First Quantum Minerals is weighing an investment of around $1-billion to lift output at Africa’s biggest copper mine in Zambia, a company document seen by Reuters showed. The investment would add a decade of life and head off production declines at the Kansanshi copper mine, increasing annual production …

Kagem Mining recently hosted a successful auction of emeralds from Lufwanyama Mine, this week. The 34th auction since UK-based Gemfields acquired 75 percent of Kagem in July 2008 was held under the watchful eye of Ministries of Finance and Mines and Minerals Development. While the sale of high quality gemstones …

Empire CAT of Phoenix, AZ, has donated a 2020 GMC Sierra 2500 SLT Diesel truck valued at $70,000 as the grand prize for the Society for Mining, Metallurgy & Exploration Foundation (SMEF)  Benefit Truck Raffle. The proceeds are to support critical education, outreach and professional development programs for SMEF. “Empire …

With the economy and the construction sector set to grow at a steady speed in Belgium, the Netherlands and Luxembourg over the next few years, Terex Trucks is expanding its operations and bringing its TA300 and TA400 articulated haulers to even more customers throughout the region. The Benelux region is …

Russian companies have offered African countries solutions based on the internet of things (IoT) and artificial intelligence (AI) to boost mining production. The offers follow the realisation that traditional means are becoming increasingly expensive, with productivity falling due to technical maintenance costs, unreliable equipment, reactive troubleshooting, a lower equipment utilisation …

Recent reports have indicated that illegal gold miners in Zimbabwe accessing longstanding mines with inexpert tools are risking their lives.   These mines are said to be very unstable in most cases and flooded in some instances, which has inevitably led to a number of deaths over the past couple …

The self-made billionaire and one of India’s richest men, Anil Agarwal has sold his stake in Anglo America. As the biggest shareholder of the mining company, Agarwal is reported to have made US$500M before the costs from the deal. Agarwal, through his metals company, Volcan Holdings Plc, began buying into …

The mining firms have been permitted to pay their utility bills in foreign currency though it is just weeks after the government outlawed foreign currency as legal tender and officially reintroduced the Zimbabwean dollar a decade after it was wiped out by hyperinflation.   Zimbabwe’s Energy and Power Development minister …

The Kouri project by Golden Rim Resources is seen to be making stable drilling progress in Burkina Faso, West Africa. According to the company RC drilling commenced in the river channel area of the Footwall Shear, following up a recently obtained high-grade drill intercept of 4m at 44.7 grams per …

In order to incentivize gold production in Zimbabwe, an additional payment above the contractual purchase price will be provided by Fidelity as announced. Caledonia’s operating subsidiary Blanket Mine sells its gold production to Fidelity in Zimbabwe and is contractually entitled to receive a price which is derived from the afternoon …