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Mining Weekly 01/24/2020 03:18
Gold developer Emerald Resources will raise A$75-million through a share placement to fund development activities at its Okvau gold project, in Cambodia. The company would place an initial 762.1-million shares at a price of 4c each, under its existing placement capacity, to raise A$30.4-million, with a further 1.11-billion shares to be placed, subject to shareholder approval, to raise a further A$44.5-million.
Mining Weekly 01/24/2020 02:50
Eurasia Resources Group's (ERG) Africa unit said on Thursday it will suspend operations at Chambishi Metals in Zambia due to a shortage of copper and cobalt concentrates required to produce cathode. Zambia, Africa's second-largest copper producer, has introduced a 5% import tax on raw materials which has hobbled the flow of concentrates from mines in neighbouring Democratic Republic of Congo.
Mining Weekly 01/24/2020 02:43
Sentiment in the rough diamond market was "slightly more optimistic" towards the end of 2019 and has remained "relatively positive" as the market prepares for the first selling cycle of 2020, Canadian miner Mountain Province reports. The company, which is a 49% participant with De Beers in Gahcho Kué diamond mine located in Canada's Northwest Territories, states that the mine closures over the next 12 to 18 months will help establish a more balanced supply and demand equilibrium in the diamond market.
Mining Weekly 01/24/2020 01:12
Freeport-McMoRan reported a fall in fourth-quarter copper output and said it expected higher spending in 2020 as it transitions its giant Grasberg copper mine in Indonesia to underground mining, sending its shares down 9%. The US miner has spent billions of dollars in the switch from a depleting open pit mine and to develop a coexisting underground mine that would help achieve low cost, long life production and generate significant future cash flows.
Mining Weekly 01/23/2020 17:18
The development of an intelligent cyclone by minerals processing equipment supplier Multotec is at an advanced stage, Multotec South African Operations CEO Rikus Immink tells Mining Weekly. Through the instrumentation of its ceramic-lined cyclones, Multotec is aligning itself to the automation requirements of the mining industry.
Mining Weekly 01/23/2020 17:15
The job description of in-house mining counsel is fast evolving – from being only a legal adviser and setting up compliance and risk indicators to being a generalist who assists in developing long-term company strategy, says diversified mining and exploration company Bauba Resources group legal counsel Aviona Mabaso.
Mining Weekly 01/23/2020 17:15
The battery metals market is not expected to show a significant upturn this year, says blasting solutions and explosives manufacturer BME Southern Africa operations GM Albie Visser. “We do not anticipate a massive increase. However, BME will follow the lead of the electronic vehicle (EV) industry, which will dictate the demand for battery metals,” he says.
Mining Weekly 01/23/2020 17:14
The growing symbiosis between human and machine could deliver large-scale improvements to the mining sector, says mining technology platform Dwyka Mining Services CEO Jamie van Schoor. Van Schoor will be speaking at the Young Leaders in Mining Programme – part of the Investing in African Mining Indaba – taking place this year, in Cape Town.
Mining Weekly 01/23/2020 17:14
Mine ventilation equipment manufacturer Terramin is experiencing an uptick in demand for its Terrablast in-stope water-atomising device. Terramin CEO Martin van Schoor – who will be attending the Investing in African Mining Indaba this year, in Cape Town – believes that the uptick can, in part, be attributed to intensified efforts by mining companies to improve dust suppression underground.
Mining Weekly 01/23/2020 17:14
Global commodities markets expect African producers to deliver “ethically” produced, traded and transformed material, says responsible sourcing auditing and advisory company RCS Global CEO Dr Nicholas Garrett. Responsible sourcing practices are resulting in higher standards at African mining operations with regard to safety and working environments, as well as the living conditions of surrounding communities; however, it is a continuous improvement process and in some cases, the starting point is rudimental, he tells Mining Weekly.
Mining Weekly 01/23/2020 17:14
The organising team of the 2020 iteration of the Investing in Africa Mining Indaba notes an increased appetite for engagement within the African mining sector, particularly for discussions around sustainability. Media company Hyve Group content head Tom Quinn says this is evidenced by the “tangible change” in the way that extractive industries are now doing business, with expectations around the manner in which business is carried out key to ongoing capital investment – the phenomenon dubbed environmental, social and governance (ESG) investing.
Mining Weekly 01/23/2020 17:14
The South African–German Chamber of Commerce and Industry’s (SAGCCI’s) Mine Health and Safety Project is heading into its third and final year this year. The project was initiated in 2018 as part of the SAGCCI’s Competence Centre for Mining and Mineral Resources Southern Africa, which was instituted in South Africa in 2013. The Competence Centre will be exhibiting at the Investing in African Mining Indaba this year alongside SAGCCI, which will also be hosting a German Day at the event.
Mining Weekly 01/23/2020 17:14
South African company Condra Cranes & Hoists remains committed to supporting the local manufacturing industry, company MD Marc Kleiner tells Engineering News & Mining Weekly. “We buy locally from South African suppliers instead of importing components, and we believe other manufacturers should try to do the same. Importing component parts is not good for local industry into the future. Manufacturers need to support local suppliers more.”
Mining Weekly 01/23/2020 17:12
Investors are wary of the South African mining industry, says Minerals Council South Africa CEO Roger Baxter, who will speak at this year’s Investing in African Mining Indaba, in Cape Town. “They are not only seeking certainty in respect of legislation and regulation, such as Mining Charter III and carbon tax, but are also looking for a signal that government has a practical, long-term economic strategy, as well as the support and capacity to implement it.”
Mining Weekly 01/23/2020 17:12
Mining investment firm Menar MD Vuslat Bayoğlu hopes that this year’s Investing in African Mining Indaba will “rise to the occasion” in addressing the challenges that are plaguing the South African mining industry. Some pressing challenges include the need to deal with regulatory uncertainty and finding a workable model to ensure stability in host communities, he says.
Mining Weekly 01/23/2020 17:01
Development work is well under way at the Khoemacau copper and silver project in Botswana, with mining contractor Barminco beginning decline development for the new underground mine in Zone 5 this month. Early construction activities started in early 2019, with mine construction, development and stoping undertaken by the mining contractor.

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