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Katoro prioritised Tanzania project development in 2023

Published: 31 May 24

Aim-listed Katoro Gold prioritised resource development at its Haneti project, in Tanzania, during the year ended December 31, 2023, owing to it being mindful of funding constraints. Early in the year, Katoro successfully raised £150 000 (gross), which was used for ongoing working capital and to conclude the project assessment process.

Indonesia to issue copper export permits for Freeport, Amman

Published: 31 May 24

ndonesia will issue copper concentrate export permits for miner Freeport Indonesia and Amman Mineral Internasional, a trade ministry official said on Friday, ensuring that exports by both companies would not be disrupted. Freeport's and Amman's current export permits expire on Friday.

Champion Iron reports higher profit

Published: 31 May 24

Quebec iron-ore miner Champion Iron has reported a robust revenue and net income performance for the year ended March 31, 2024. Despite facing challenges due to lower selling prices and logistical issues, the company achieved significant financial growth. The ASX- and TSX-listed company announced a 9% increase in revenue, reaching C$1.5-billion in the 12 months through to March. Net income grew by 17% to C200-million.

Probe raises C$15m for exploration

Published: 31 May 24

Exploration and development company Probe Gold has announced a C$15-million bought-deal private placement to fund exploration and development at Canadian projects. The Toronto-listed firm will offer 2.07-million non-flow-through shares at C$1.21 each for C$2.5-million and 6.31-million shares at C$1.98 a share for C$12.5-million.

Queensland outlaws carbon storage in Australia's biggest aquifer

Published: 31 May 24

Australia's Queensland state will ban carbon capture and storage in a giant aquifer that spans much of its territory, the state government said on Friday, after an outcry from farmers who said such projects could poison their water supply. The decision closes one route to decarbonisation in Queensland, which aims to reduce its greenhouse gas emissions by 75% from 2005 levels by 2035 and achieve net zero by 2050.

Rio Tinto secures future of NZ aluminium smelter, acquires full ownership

Published: 31 May 24

Commodities giant Rio Tinto announced on Friday that it would keep New Zealand’s sole aluminium smelter operational until at least 2044, following the completion of new 20-year electricity supply agreements. The Tiwai Point smelter, owned and operated New Zealand Aluminium Smelters (NZAS), has secured these contracts with key energy providers.

An image of a mineworker in an underground mining operation

Mine consultancy offers software suite for streamlining mine management

Published: 31 May 24

On the back of mine health and safety remaining an international talking point, mining industry operational software solutions provider Mineware Consulting has developed an innovative AI-powered feature aimed at transforming risk mitigation processes in the mining industry. With a spotlight on mine health and safety, the company notes that significant efforts are being poured into the management and mitigation of risk to personnel, as well as work stoppages resulting from health and safety incidents.

Acquisition boosts asset, fleet management solutions

Published: 31 May 24

Mining technology solutions provider Datamine aims to expand its asset and fleet management solutions for mining, industrial and construction operations, through its parent software development company Vela’s acquisition of Samtech – a Latin America-based fleet management, machine performance and telematics software and hardware provider. Datamine will also be responsible for the global distribution of Samtech’s products to mining industry players, including the overarching monitoring system for all equipment types. These products are likely to complement Datamine’s Sodep Minetrack dispatch solution.

An image of a plant in the digital twin format

Digital twins as test beds for planning

Published: 31 May 24

Digital twins can, and should, be used by mine operators as a “testing ground for analysis and scenario planning”, as well as to provide real-time feedback through Internet of Things (IoT) sensors as a means to optimise production, reports Geospatial solutions company 5DGEO principal and professional land surveyor Chris Kirchhoff. The company equips South African mines with digital twins – a digital profile of the current and historical behaviour of a physical asset and related processes – to streamline mining operations and enhance various processes by using three-dimensional (3D) scanning, drone-mapping and mobile laser-scanning to process real-time, on-site 3D data into information that can be easily interpreted, he says.

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Consultancy drives mining standards innovation

Published: 31 May 24

By prioritising safety, sustainability and efficiency, mining consulting company Baletsema Mining Services MD Bokang Kelepa says the company adheres to international safety and environmental standards, and that through employing a skilled workforce, it is adept at navigating the complexities of modern mining. This holistic approach, he explains, ensures that Baletsema continues to contribute positively to the mining industry while setting benchmarks for quality and responsible mining practices.