Independent upstream oil and gas company Invictus Energy signed a Memorandum of Understanding (MoU) with energy firm Himoinsa Southern Africa Proprietary Limited and mining company Dallaglio Investments Pvt Ltd. for the development of a gas-to-power project to supply electricity to Eureka Gold Mine in Zimbabwe. Invictus Energy will provide feedstock from its Cabora Bassa Project to fuel the proposed 12MW gas-to-power plant, which will be constructed by Himoinsa. Electricity generated from the plant will be transmitted via the national grid to power operations at Dallaglio Investments’ Eur ..read more

There’s no argument that the mining industry needs more innovative solutions if we are to keep pace with the increasing demand for minerals, legislative developments and the decreasing number of people working in the industry. But, it’s something we’ve been talking about as an industry for decades, and having visited several mines since founding Kuchera in 2022, Kumbirai Chipadza, their Chief Marketing Officer, has noticed that everyone still relies heavily on pen-and-paper practices. On a visit to a mining company, the Kuchera team met a CFO who used a picture of a whiteboard to work with cli ..read more

The Democratic Republic of Congo (DRC) has conveyed apprehensions to Apple Inc. regarding the potential presence of conflict minerals sourced from the country within the tech giant’s supply chain. International lawyers representing the Congolese state submitted inquiries to Apple on April 22, expressing concerns about the origin of minerals like tin, tungsten, and tantalum, collectively known as 3T minerals, as reported by Bloomberg. This development follows a recent US court ruling that cleared several tech companies, including Apple, of child labor charges in cobalt mines across Africa. In a ..read more

During a conference call on Thursday, Vale SA’s CEO, Eduardo Bartolomeu, assured analysts that BHP Group’s bid for Anglo American would have no impact on Vale’s Minas-Rio project. Bartolomeu emphasized that the ongoing project under Anglo American’s management would be respected regardless of any future developments. Responding to inquiries about potential interest in Anglo’s assets, Bartolomeu stated that while Vale would indeed be interested, the company currently prioritizes internal projects over external acquisitions. “We don’t see any impact on the Minas-Rio deal. It’s being done, of cou ..read more

South Africa’s government is scrutinizing BHP Group’s proposed deal to buy Anglo American, a spokesperson said, with the deal likely to concern officials the coming weeks before a general election where the governing party’s majority is at risk. The deal worth about $39 billion would involve Anglo exiting its platinum and iron ore assets in South Africa. It could trigger large capital outflows and further dent the country’s reputation as a destination for mining investment. Anglo’s potential exit would mark the end of an era for a company founded in Johannesburg over a century ago. South Afric ..read more

Chile President Gabriel Boric said on Thursday he is targeting an increase in the country’s annual copper output by 1 million metric tons by the end of his term in 2026. “We have to take advantage of this super-cycle of copper that has been spoken of positively in recent days,” he said at an event, adding that he was referring to state-run miner Codelco as well as privately run operations in the country that is the world’s top copper producer. SOURCE:mining.com ..read more

Amidst the ongoing challenges of load shedding, ZESCO Limited is leading efforts to strengthen community resilience in Lusaka through the Lusaka Transmission and Distribution Rehabilitation Project (LTDRP). The project, which initiated its Last Mile connections on March 11th, 2024, aims to address issues within the 400V low voltage distribution network. Matongo Maumbi, Company Spokesperson, underscored the significance of this critical phase in enhancing the reliability and flexibility of the network. The initiative targets eight key townships, including Mtendere East, Chainda, Kamanga, Ngwere ..read more

When former boss Mark Cutifani left Anglo American in mid-April 2022, things had rarely looked better for the century-old miner. Metals prices soared as the world emerged from lockdowns, the company had recently posted its best-ever annual profit and the popular industry veteran was handing over to a trusted lieutenant. Anglo stock hit a record the same day. Two years later, the company’s reputation is in tatters after a series of missteps sent its value plunging by half. And now industry heavyweight BHP Group is moving in. BHP’s proposal to break up Anglo and cherry pick its best assets marks ..read more

The Australian Workers’ Union (AWU) has raised serious concerns following an incident at Glencore’s copper smelter in Mount Isa, which left two workers critically injured. AWU Queensland secretary Stacey Schinnerl expressed deep concern over the incident, stating, “Tough questions need to be asked about how an incident like this has occurred.” According to reports, the contract workers were at the Mount Isa Mines copper smelter when a steam vent opened adjacent to their work area. The incident occurred on Thursday and resulted in severe injuries to the workers. ABC News reported that a 26-year ..read more

One hundred workers from the logistics company REEF blocked the main entrance of the camp and the mine area where the company FURA’s ruby washing plant is located, in the Montepuez district, Cabo Delgado. The issue at hand is a debt of 17 million meticais owed by the REEF company. According to António Ramalho, secretary of the local union committee, workers have not received their wages for three months, and this is the way they found to pressure REEF to honor its commitments. The REEF representative, Rui Frederico, says the company has tried to negotiate the debt with FURA, but it remains uny ..read more