Tag: Mining

Anglo American appoints Duncan Wanblad as CEO to replace Mark Cutifani

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SOUTH AFRICA – Mining company Anglo American has chosen a 54-year old South African, Duncan Wanblad, as the successor to outgoing CEO Mark Cutifani, who steps down in April 201 after nine years at the helm. Wanblad was appointed group director for strategy and business development at Anglo in 2016, and also served as CEO of its base metals business from 2013 to 2019 and has spent most of his working career within the Anglo family. He is also a non-executive director of De Beers and Kumba Iron Ore and…

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Murray & Roberts acquires JJ White to further its North America expansion

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SOUTH AFRICA – Engineering and mining contractor Murray & Roberts Holdings (M&R) is acquiring US multi-trade contractor and engineering firm JJ White Incorporated for US$28.25 million as part of its strategy to diversify and expand the services of its energy, resources, and infrastructure business platform in North America. M&R subsidiary, Clough North America Holding, is acquiring all the shares in JJ White from James White IV and Trusts. “The acquisition builds an immediate robust entry into new territories and new markets and will leverage JJ White’s existing customer base to…

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AVZ Minerals lands US$174.4m for DRC lithium project

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DRC – The Australian Stock Exchange (ASX)-listed AVZ Minerals announced that it had secured US$174.4 million from a Chinese investment entity to develop its lithium and tin project in the Democratic Republic of Congo (DRC). The developer announced that CATH Energy Technologies (CATH), a private investment entity jointly owned by Pei Zhenhua and Contemporary Amperex Technology Co Limited (CATL), would earn a 24% equity interest in a multi-faceted joint venture to develop the Manono lithium and tin project. CATH would pay US$174.4 million cash for its 24% equity interest and a further amount to fund its pro-rata…

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Caledonia Mining advances multi-asset strategy with Zimbabwe acquisition

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ZIMBABWE – Caledonia Mining has entered into an agreement to purchase the mining claims over the Maligreen project, a property situated in the Gweru mining district of Zimbabwe, from privately-owned Pan African Mining, for US$4 million in cash. Caledonia noted that Maligreen is a substantial brownfield exploration opportunity with significant historical exploration and evaluation work having been conducted on the property over the last 30 years. This includes an estimated 60,000 meters of diamond core and percussion drilling, 3.5 t of bulk metallurgical test work, and aeromagnetic and ground geophysical surveys. As of August 31, Maligreen is estimated to host a National Instrument…

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Scatec & ENGIE to produce hydrogen for Anglo’s Limpopo mine

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SOUTH AFRICA – Norwegian renewable energy company, Scatec, and French energy giant, Engie, have entered into a two-year lease agreement where the former will supply its portable solar systems to help power ENGIE’s hydrogen plant stationed at Anglo American Platinum’s Mokalakwena mine in the Limpopo province of South Africa.  Scatec will supply a 616 kWp containerized mobile solar energy system to ENGIE under its “Release by Scatec” brand. Working through their scalable power solution, Release, the power producer’s mobile unit will provide solar energy for ENGIE’s hydrogen production plant which…

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Inverter supplier Sungrow set to deploy battery energy storage system for Sukari gold mine

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EGYPT – Sungrow, the Chinese inverter solution supplier for renewables, has been contracted by Juwi Renewable Energy to supply inverters and a battery energy storage system (BESS) for the 36 MW off-grid solar plant at Sukari gold mine operated by Centamin in Egypt. The battery energy storage system (BESS) will have a 7.5MW energy storage capacity. Sungrow is supplying a 1,500V 6.25MW PV inverter solution with a highly integrated energy storage system with lithium iron phosphate (LFP) batteries. Smart forced air-cooling technology and a C5 high anti-corrosion capacity will help…

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Oriole Resources, IAMGOLD makes gold and diamond exploration strides at Senegal joint venture

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SENEGAL – Oriole Resources and its joint venture (JV) partner IAMGOLD have announced positive drilling results from the Faré and Madina Bafé deposits at the Senala project, in Senegal. Iamgold conducted a Phase 1 drilling programme at the Faré prospect for 689 m of diamond drilling in two holes, and 4 854 m of reverse circulation (RC) drilling in 42 holes. A Phase 2 programme was partially completed at the Madina Bafé prospect for 493 m of diamond drilling down three holes and 3 111 m, from 5 000 m…

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Red Rock starts drill program Kenya gold prospect

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KENYA –  Natural resources development company Red Rock Resources, following recent receipts of all permits, is now beginning the 2,000 meters reverse circulation (RC) drill programme at the Central KKM gold prospect, the central part of the Mikei gold project (MGP) in Kenya. Hole depths are planned to be between 60 meters and 220 meters and there is a possibility of extending the drill programme, the company says. Elsewhere in the MGP, Red Rock is continuing its exploration, with 54 line kilometres of the planned 115 line kilometres of induced polarisation survey covered in the Masurura area of the…

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Cement manufacturer GHACEM to construct production plant in Kumasi

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GHANA – GHACEM, the nation’s leading cement manufacturer, is to construct a 1.5-million-tonne capacity cement production plant in Kumasi to serve the Ashanti Region and its surrounding areas. Mr Stefano Gallini Managing Director of GHACEM, who disclosed this, said the new project had become necessary due to the growing demand for cement in that part of the country. Additionally, the Tema and Takoradi factories will be expanded to improve efficiency and timely delivery of products. “The Ghanaian construction sector growth is the driving force behind this agenda and our Ghanaian…

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Zimbabwe sells gold refinery Fidelity Printers and Refiners for US$49m

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ZIMBABWE – A total of ten companies will take control of Zimbabwe’s privatized gold refinery, Fidelity Printers and Refiners (FPR), for US$49 million, the country’s Finance minister Mthuli Ncube has said, reports Newsday. This will be the first time that the refinery will be in private hands since it was established in 1988. The sale, first announced in December 2020, will see the new shareholders owning 60% of Fidelity Printers and Refiners, while the Reserve Bank of Zimbabwe (RBZ) retains the remaining 40%. “The process of partial privatization of Fidelity…

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