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Category: Mining

Economy Mining News

Angola presents advances and challenges in the extractive industry at EITI

JA Online An Angolan delegation will participate from 13th to 14th in Dakar, the capital of Senegal, at the Global Conference of the Extractive Industries Transparency Initiative (EITI). The Minister of Mineral Resources, Petroleum, and Gas, Diamantino Azevedo, will give a presentation on the progress made in transparency and efforts for the development of the extractive sector, with a focus on prospecting and future exploration of minerals considered critical for the energy transition. According to

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Economy Energy Mining

Five Reasons to Invest in Senegal’s Rising Economy

Senegal, a country in West Africa, is experiencing significant economic growth and offers compelling reasons for foreign investors to consider investing in its emerging market. Here are five key factors that make Senegal an attractive investment destination: Senegal’s rising economy, competitive business climate, skilled labor force, modern infrastructure, and comprehensive legal and fiscal frameworks make it an appealing choice for international investors seeking new opportunities. Attending events like the MSGBC Oil, Gas, & Power 2023

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Economy Gold Mining

Gold Rises as Dollar Weakens, Investors Await Fed Signals

Gold prices rose on Thursday as the U.S. dollar eased slightly, providing some respite to the precious metal. However, investor caution surrounding the Federal Reserve’s interest rate strategy and other economic cues kept gold trading within a relatively tight range. Spot gold increased by 0.3% to reach $1,945.69 per ounce, recovering some of its losses from the previous session, while U.S. gold futures rose by 0.1% to $1,959.90. The dollar index, which had been at

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International Mining News

China & DRC Emphasize Regular Evaluation of Mining Cooperation

The People’s Republic of China and the Democratic Republic of Congo agree to regularly assess their mining cooperation with a view to its consolidation in the mutual and long-term interest of the two countries, and to settle any disputes arising in this cooperation in mutual trust and with pragmatism and fairness, in particular through friendly consultations. This is one of the thirteen (13) key points included in the final declaration published on Friday, May 26,

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Economy Mining

Angola confirms having commercial reserves of 36 critical minerals

Angola confirms having commercial reserves of 36 critical minerals The consultant to the Minister of Mineral Resources, Petroleum, and Gas, Mankenda Ambroise, stated on Tuesday in Luanda that out of the 51 minerals considered the most critical worldwide, 36 are known in Angola and ready to enter production. Recent research has revealed that the national territory is endowed with extraordinary geological potential. Mankenda Ambroise, who delivered the opening speech at the 2nd edition of the

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Energy Mining

Top 5 Innovative Mining Techniques

An influx of cutting-edge technologies and digital innovations in the mining industry are poised to transform the sector while enhancing efficiency, sustainability and safety standards in the extraction and processing of minerals. The increasing digitization of mines will allow service companies and operators to improve accuracy and recoverability, thus reducing carbon emissions and operational costs. Spatial Data Visualization With many mines operating in remote and hostile environments, 3D mapping and modelling will enable mining companies to improve mineral recovery

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Diamonds Mining

Information Portal Launched to Promote Diamond Mining Activities

The diamond market now has a new information portal called “Diamond Impact,” which was launched yesterday with the aim of disseminating social activities carried out by companies in the sector for the benefit of communities. This was launched on Wednesday in Luanda and is managed by the Bumbar Mining Group, a company specializing in industry affairs. The platform provides digital, print, and multimedia information, showcasing community sustainability projects in diamond mining areas for the benefit

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International Mining

Top 5 Lithium Projects in Africa Ranked by Estimated Production

Africa’s geologically prospective regions and abundant natural resources make it an attractive destination for investment. The continent is witnessing the launch of large-scale projects aiming to become global lithium hubs and benefit from the energy transition trends, driven by the increasing demand for minerals like lithium in clean energy technologies. Here are some of the significant lithium mining projects in Africa: These projects reflect Africa’s potential to become a significant player in the global lithium

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Economy International Mining News

Gold retreats again driven by rising U.S. dollar

Gold prices fell again on Tuesday as a recovering U.S. dollar took its toll, with prices heading for a fifth day of losses in six sessions after the biggest pullback since February last week. Price action Market drivers Gold prices have pulled back since the most-active contract logged its second-highest settlement level on record on May 4. It was the highest settlement since the all-time high reached in August 2020. Whether the yellow metal rallies

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Economy Energy International Mining News

Maximizing Sustainability in African Mining: Five Key Strategies

Private and public-sector led mining activities across Africa are prioritizing sustainable techniques in projects deployment for environmental sustainability, social responsibility and good business practices. With the continent maximizing exploration and production of its vast extractive resources including critical minerals such as lithium and cobalt to shape the global energy transition and drive economic growth, sustainability has become a standard. Sustainable Mining Techniques and Land Management While traditional mining techniques such as open pit and underground mining have significant impact

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