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Category: Mining

Exploration International Mining News

Japan and Zambia Strengthen Collaboration in Mineral Exploration

The Japanese government has announced its intention to enhance its partnership with Zambia in the search for crucial minerals necessary for electric vehicles and other products. Economy, Trade, and Industry Minister Yasutoshi Nishimura, along with Zambia’s Mines and Mineral Development Minister Paul Kabuswe, signed a collaborative agreement in Lusaka on Friday to bolster their cooperation in the mining industry. The Japanese government plans to strengthen the supply chain for key minerals by supporting the development

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Energy Local Mining News

The country has 20 mining titles from 2017 to 2023

The National Mineral Resources Agency announced on Wednesday that the country has 20 existing mining titles in the period from 2017 to 2023, of which 45% correspond to prospecting and 55% to exploitation. On the occasion, the general registry of prospecting and exploitation mining licenses issued and the map of mining concessions for prospecting in the Cuanza-Sul province were also presented.

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Iron Local Mining News

Iron Ore Closes with Mixed Results

The prices of iron ore futures contracts on the Dalian Exchange in China closed in a mixed fashion. The price of the most traded contract, with delivery for January 2024, rose by 0.55% to 732.5 yuan (100.88 dollars) per ton, while the contract for September 2023, which had the second highest turnover, remained stable at 821 yuan (113.0 dollars) per ton. The ore traded on the Dalian Exchange contains 62% iron content and is considered

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Economy Mining News

Copper Closes Sharply Lower

Copper closed significantly lower this week after China released new indicators pointing to an economic slowdown. The metal attempted a recovery after the People’s Bank of China (PBoC) cut interest rates to stimulate local demand, but the incentive seemed insufficient in the face of the negative outlook in the real estate and infrastructure sectors. On the Comex, the division for metals at the New York Mercantile Exchange (Nymex), copper with delivery scheduled for October fell

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Gold Local Mining News

Gold Prices Near Five-Week Lows

The price of gold was close to its lowest point in over five weeks yesterday, as confirmed by precious metals market traders. The metal is being hindered by the strengthening of the dollar and the yields of U.S. Treasury bonds, at a time when the minutes of the July meeting of the Federal Reserve (Fed) are expected to be released. These minutes could provide clarity on the intention to raise interest rates. Spot gold experienced

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Diamonds Local Mining News

Luele Mine Initiates Diamond Exploration by Year’s End

The Luele Mine, located in the Eastern region of the country, between the provinces of Lunda-Norte and Lunda-Sul, is expected to commence effective diamond exploration by the end of the year, as announced by the Minister of Mineral Resources, Petroleum, and Gas on Tuesday August 8th. While not disclosing the exact starting month for now, Diamantino Azevedo explained, in statements to the press at the conclusion of his assessment visit to the province of Lunda-Sul,

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International Mining News

Uranium Deposits Confirmed, Drilling Advances at Namibian Project

Australian-based uranium exploration company Elevate Uranium has confirmed the presence of large continuous mineralized zones at its Koppies uranium project in Namibia, and as a result, is advancing drilling activities with the addition of another rig. The company currently has two reverse circulation drill rigs conducting exploratory works at the Koppies project, and has recently added a third rig to the program following confirmation of mineral resources at the Koppies 3 area of the project.

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International Mining Renewable Energy

Ghana Greenlights Minerals Policy to Enhance Beneficiation

The Ghanaian government has approved the country’s Green Minerals Policy in an effort to maximize value created from critical mineral resources. Aimed at stimulating the development of the local mineral value chain, the policy comprises regulatory guidelines and fiscal terms for critical mineral activities across the country. Specific clauses in the policy document include a national ban on the export of unprocessed minerals. Ghana’s Minister of Lands and Natural Resources Samuel Jinapor explained that the country “is

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Diamonds Mining News

The Diamond Exchange Operates Experimentally

The Diamond Exchange of Angola will begin experimental operations later this year to revitalize the diamond subsector market and support the diversification of the national economy, as announced on Wednesday in Luanda by the Chairman of the Board of Directors of Endiama, Ganga Júnior. Despite the delay in completing the building that was supposed to house the Diamond Exchange, which was originally scheduled for December 2022, the manager, quoted by Angop, emphasized that the process

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Gold Mining News

AngloGold Reaffirms Improved Q2 Guidance

Gold mining company AngloGold Ashanti on Friday reaffirmed annual guidance as it reported an improved second-quarter performance compared with the first three months of the year, underpinned by a 12% increase in production. Gold production rose to 652 000 oz in the second quarter of 2023 compared with 584 000 oz in the previous three-month period. The stronger second quarter was supported by production and cost improvements across most assets primarily driven by both higher

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