The Indonesian Ministry of Energy and Mineral Resources (ESDM) has announced the completion of five integrated mineral smelter projects in 2023, marking significant progress in the country’s mineral industry. The government initially set a target to construct seven integrated mineral smelters throughout the year. “By the end of 2023, we achieved five units out of the seven smelter unit targets,”...
Mining news
Atalaya Mining reports a steady year
Mining Operations Update: – In Q4 2023, Atalaya Mining successfully mined 3.7 million tonnes of ore, maintaining its pace with previous quarters and the same period in 2022. – The waste mined in Q4 2023 saw an increase to 7.4 million tonnes, compared to 5.3 million tonnes in Q4 2022. This escalation is attributed to intensified waste mining activities at...
Marula Mining Boosts East African Exploration with Key Appointment
Marula Mining, an active player in Southern and East African mining with a focus on metals like graphite, lithium, and copper, recently appointed Collins Aseto as the head of exploration in East Africa. This strategic move comes as the company expands its footprint in the region. Key Highlights of the Appointment: Marula Mining’s Strategic Focus: CEO’s Statement: Jason Brewer, CEO...
Creative C&T Secures Exclusive East Asian Rights to Russian Mineral Resources
Creative C&T Corporation, based in Daegu, has signed a Memorandum of Agreement (MOA) with UMMC (Ural Mining and Metallurgical Company) Group, the leading mineral resource development company in Russia. This agreement grants Creative C&T exclusive rights to import and sell Russian-produced mineral resources, including copper and rare earth metals, throughout East Asia. UMMC Group, which controls approximately 40% of copper...
Ero Copper Provides Update on Tucumã Project Construction and 2024 Commissioning Plan
Construction Progress and Milestones Ero Copper has announced significant progress in the construction of the Tucumã Project. The physical construction is now over 85% complete, with several key developments: – The main substation and e-houses have been installed and commissioned, and the 16-kilometer power line tie-in to the national grid is completed ahead of schedule, expected to be fully energized...
Aldebaran Collaborates with Nuton for Altar Project’s Sulphide Leaching Technology
Aldebaran Resources has announced a significant collaboration agreement with Nuton, a venture of Rio Tinto. This partnership is set to explore the potential application of Nuton’s advanced primary sulphide leaching technologies at Aldebaran’s Altar copper-gold project in San Juan, Argentina. Under this agreement, Aldebaran will provide various mineralization samples from the Altar project to Nuton. These samples will undergo detailed...
Anglo Asian Mining’s 2023 Performance: Steady Production Amid Operational Challenges
Overview of Anglo Asian Mining’s 2023 Activities Anglo Asian Mining, an AIM-listed company primarily operating in Azerbaijan, has reported its production and operational review for both the fourth quarter of 2023 (Q4 2023) and the full year (FY 2023). The company, known for producing gold, copper, and silver, faced a challenging year with significant operational interruptions. The total production for...
Africa’s Role in the Critical Minerals Market: Assessing the Potential of DRC, Gabon, Morocco, and More
Africa’s abundant reserves of critical minerals position it as a key player in the global energy transition. The continent is rich in metals used in batteries, solar panels, wind turbines, and other electrical networks. The Democratic Republic of Congo (DRC) leads in cobalt production, South Africa in platinum and manganese, and Mozambique and Madagascar are significant producers of graphite. These...
Solaris Resources Secures $130 Million Investment from Zijin Mining Group
Solaris Resources has confirmed a private placement agreement with an affiliate of Zijin Mining Group, amounting to approximately $130 million. Under this agreement, Solaris will issue 28,481,289 common shares at a price of $4.55 per share. This price represents a 14% premium over the closing price on the Toronto Stock Exchange as of January 10, 2024. Following this transaction, Zijin...
Vale Indonesia Continues Intensive Exploration with Significant Investment
Vale Indonesia (INCO) is actively pursuing exploration activities, focusing on areas within its Contract of Work. As reported by Filia Alanda, Corporate Secretary of INCO, these explorations are centered around Sorowako Block and Sorowako Outer Area in East Luwu Regency, South Sulawesi, as well as Bahodopi Block in Morowali Regency, Central Sulawesi, and Pomalaa Block in Kolaka Regency, Southeast Sulawesi....