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Congo deploys army to protect China Moly's copper mine from illegal miners

By: Reuters     19th June 2019 Congo's military has deployed hundreds of soldiers to protect a major copper and cobalt mine owned by China Molybdenum from illegal miners, an army spokesperson said on Wednesday. The Tenke Fungurume mine is one of the largest in Democratic Republic of Congo, which is Africa's leading copper... 

Zambia’s Mopani Copper Mines shuts down smelter

By: Reuters     18th June 2019 Zambia's Mopani Copper Mines (MCM) has shut down its Mufulira smelter for major refurbishment, the Glencore-owned company said on Monday. "The majority of the programme is expected to last until the end of the year and will result in a total shutdown of the plant. The investment in the new shafts... 

Non-disclosure of dam safety risks could prompt big investors to pull out 

By: Reuters     17th June 2019 Investors with a combined $12.5-trillion in assets, including the Swedish National Pension Funds and the Church of England, could review their stakes in resource companies that use storage dams if they do not release information to assess safety risks. The safety of dams used to store mining... 

Congo State miner's high-flying chief has his wings clipped

By: Bloomberg     14th June 2019 The head of the Democratic Republic of Congo’s State mining company will no longer exercise control over the business, despite being reappointed to the post, the president’s spokesperson has said. Albert Yuma, who was named president of Gecamines’s board in 2010, retained the position in a May 29... 

Third-quarter ferrochrome price down 13% q/q

By: Nadine James     14th June 2019 JSE-listed Merafe Resources on Friday advised shareholders that the European benchmark ferrochrome price had been settled at $1.04/lb for the third quarter. This represents a 13.3% decrease on the ferrochrome price of $1.20/lb for the second quarter, and is the lowest level since the third... 

ELBCon installing leach vats at Glencore’s Rhovan vanadium mine

By: Simone Liedtke     12th June 2019 Construction services provider ELB Construction (ELBCon) has been awarded a contract by Turnmill Proquip Equipment to install four leach vats, as well as associated structural steel, at Glencore’s Rhovan vanadium mine, in the North West. The mine’s aged leach vats are becoming obsolete and will... 

Norway fund may have to offload $1bn stake in Glencore in shift away from coal 

By: Reuters     12th June 2019 Norway's $1-trillion sovereign wealth fund may have to sell its $1-billion stake in commodities giant Glencore, among other companies that derive more than 30% of their revenue from coal, to meet proposed tighter ethical investing rules. Under the centre-right government's plan, expected to be... 

ELB Construction installing Rhovan Leach Vat project at Bethanie

By: Creamer Media Reporter      12th June 2019 ELB Construction (Pty) Ltd (ELBCON) is pleased to announce it has been awarded the project to install 4x Leach Vats, as well as associated structural steel for Turnmill Proquip Equipment (Pty) Ltd at Glencore’s Rhovan Mine Operations at Bethanie outside Brits in the North West province.... 

Saving Earth with electric cars means wrecking a fragile desert

By: Bloomberg     11th June 2019 The oases that once interrupted the dusty slopes of the Atacama desert in northern Chile allowed humans and animals to survive for thousands of years in the world’s driest climate. That was before the mining started. Sara Plaza, 67 years old, can still remember guiding her family’s sheep along... 

South32 budgets $55m for tailings dams in 2019

By: Esmarie Iannucci     10th June 2019 Diversified miner South32 has revealed that it will spend $55-million on its tailings storage facilities (TSFs) in the 2019 financial year, following up the $35-million expenditure of the previous year. South32 has joined the ranks of other global miners providing information on the standards of... 

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