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Zambia seeks power imports for key mining sector
Published: 23 Apr 24
Zambia's State-owned electricity utility Zesco said on Monday it is seeking to import power to avert an energy deficit that could affect output in Africa's second-largest copper producer. The southern African country generates 86% of its electricity from hydropower stations. Power generation has been hit by a severe drought induced by El Nino - a weather phenomenon resulting from the abnormal warming of the waters in the eastern Pacific, which raises temperatures globally.
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Zijin's Congo mine shipments returned due to radiation levels, ministry says
Published: 23 Apr 24
Mineral shipments from a Congolese copper and cobalt operation majority-owned by China's Zijin Mining Group were returned due to overly high radiation levels, the Congolese mines minister said in a letter seen by Reuters on Monday. The letter, dated April 12, informed the COMMUS project in which Zijin owns a 72% stake that the ministry had suspended its licence while it investigated the issue.
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Anglo helping to restore Amazon-like rainforest near Brazil iron-ore mine
 Published: 23 Apr 24
Diversified mining company Anglo American is taking steps to help to restore an Amazon rainforest equivalent of which less than 10% remains intact. The Mata Atlántica carbon forest is located near Anglo’s Minas-Rio iron-ore mine, in Brazil.
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Anglo Mata Atlántica carbon forest
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Northern Star sees ramp up in gold sales as output expands
Published: 23 Apr 24
Australian miner Northern Star Resources expects to “significantly increase” gold sales this quarter on higher production and better grades from its Kalgoorlie operations, including the Super Pit, as prices for the precious metal trade near record levels.
Increasing ore supply is a key goal for Northern Star, the nation’s largest listed gold miner. While the Perth-based company didn’t provide a sales forecast for the June quarter in a production report released Tuesday, full-year guidance for 2024 remained unchanged at 1.6-million to 1.75-million ounces of gold sales.
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Chinese nickel billionaire boosts Australian miner in Indonesia
Published: 23 Apr 24
A little-known Australian company is becoming the Western face of a Chinese nickel behemoth.
In under a decade, Nickel Industries has gone from a relatively small miner to the world’s sixth-biggest producer of a metal used in products from batteries to stainless steel. Riding a Chinese-led boom in Indonesia’s nickel sector, it owns or has stakes in five plants in the country that churn out more of the commodity than household names like BHP Group.
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Canada's planned capital gains tax hike may choke mining startups, dealmakers say
Published: 23 Apr 24
Canada's capital gains tax hike for wealthy individuals and corporations in last week's federal budget risks turning away investments from mineral exploration by reducing incentives, the country's leading stock exchange operator and dealmakers told Reuters.
Prime Minister Justin Trudeau's Liberal government proposed increasing the share of capital gains subject to taxation to two-thirds for individuals with annual investment profits greater than C$250 000, companies and trusts, as it seeks to raise revenue to fund public programs.
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Copper demand to boom as new technology drives power consumption, Trafigura says
Published: 22 Apr 24
Flourishing activity in the electric vehicle, power infrastructure, AI and automation sectors will lead to at least 10-million metric tons of additional copper consumption over the next decade, commodity trader Trafigura told Reuters.
Technological developments such as artificial intelligence and automation, and the energy transition, which includes electric vehicles and renewable energy, have already driven up demand prospects for copper cable used to conduct electricity.
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UK innovation agency highlights quality of the emerging African space sector
Published: 22 Apr 24
Innovate UK, Britain’s national innovation agency, has, in a new report, highlighted that Africa is becoming a hub for globally competitive space technology, development and research. In particular, Kenya, Rwanda and South Africa were identified as space sector leaders in Africa. The report was drawn up after a tour of UK space facilities and companies by space sector experts from South Africa, Kenya, Rwanda, and pan-African organisations, in December last year. This tour was organised by Innovate UK, under its Global Alliance Africa project, with the support of the Research and Innovation Systems for Africa Fund and the Research Institute for Innovation and Sustainability.
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L’Oréal, Unesco launch the 2024 South Africa Women in Science Young Talent Search
Published: 22 Apr 24
The Foundation L’Oréal announced on Monday that the sixth edition of the Women in Science Young Talent Search had been launched in South Africa. This initiative is a partnership between the foundation and specialist United Nations agency Unesco. Women researchers under the age of 40 are eligible to apply. The initiative covers a wide range of scientific fields, including (in the order and terminology of the foundation) formal sciences, life sciences, environmental sciences, physical sciences, ...
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Boliden, Epiroc and ABB deploy first battery-electric truck trolley system for underground mining
Published: 22 Apr 24
Swedish metals maker Boliden, technology company ABB and original-equipment manufacturer Epiroc have successfully deployed the first fully battery-electric truck trolley system on an 800-m-long underground mine test track in Sweden, with a 13% incline. ABB says the achievement of the collaboration in Boliden’s Kristineberg mine, in northern Sweden, marks a critical moment for the mining industry as it continues to face rising pressures to balance increased outputs of critical minerals and metals with lower carbon emissions and energy use.
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HySHiFT sustainable aviation fuel project, South Africa – update
Published: 19 Apr 24
Natrium reactor demonstration project, US – update
Published: 19 Apr 24
Rooiwal Waste Water Works repair and upgrade, South Africa – update
Published: 19 Apr 24
Rare earths miner Lynas has added another A$70-million to the final cost estimate of its delayed Kalgoorlie processing facility, with the full cost...
