National 

DRC KIBALI GOLD MINE PAID USD 1.2 BILLION IN VARIOUS TAXES AND ROYALTIES IN 2022

2022 HAS BEEN A VERY POSITIVE YEAR WITH STRONG QUARTER-ON-QUARTER RESULTS FOR KIBALI GOLD MINE, ONE OF THE LARGEST GOLD MINES IN AFRICA. During this year, the investment of Kibali Gold Mine in the Democratic Republic of Congo (DRC) exceeded the bar of 4.4 billion USD. And 1.2 billion USD was paid for various taxes and fees. This was announced by Mark Bristow, Chairman and CEO of Barrick Gold, during the 47th press conference held on Monday, January 30, 2023, in Kinshasa. According to him, nearly 2.4 billion USD was used to…

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National 

Digitisation for a connected future

By Charles Blackbeard, Business Development Manager, ABB Ability™ Digital Solutions Digitisation helps build safe, smart and sustainable operations for the future. We build locally and support globally to increase knowledge. We also have the ‘tribal knowledge’ of operators who have been around processes and equipment for decades. Now we have a new generation coming in, so digitising that knowledge is vital to pass on the baton. We have global resources and expertise we can access for remote support for our South African or African operations and services. The ABB Energy…

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National 

Mining Indaba 2023 places the spotlight on energy management in mining

By Malvin Naicker, Managing Director, Hitachi Energy, Sub-Saharan Africa The theme of ‘Climate-Smart Mining’ for Investing in African Mining Indaba (Mining Indaba) 2023 from 6 to 9 February 2023 reflects the trend of the world turning to renewable energy to deliver on the promise of a carbon-neutral future. To limit the impacts of global climate change, we need to shift away from fossil fuels and look to renewable sources such as solar, wind and hydropower that capture naturally occurring energy and convert it into electricity. This electricity, in turn, will…

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GROUNDBREAKING 

Efficient metric sized ISO unitised plummer block bearings

BMG’s bearings portfolio extends from precision miniature bearings used in machine tools and electronics applications, to giant size bearings that meet high demands in steel and mining. This range encompasses the RN metric series, which was launched recently by Rexnord, leading global bearing manufacturers. “What’s impressive about the RN series, is not only are these the first metric-sized ISO unitised plummer block bearings available locally, but these bearings, with a two-piece outer race, are interchangeable with existing SN500 plummer blocks using 222**KK bearings. For users this means high efficiency, optimum…

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GROUNDBREAKING 

MISINFORMATION SPREADS REGARDING SUPPOSED DISCOVERY OF ELECTRICALLY-CHARGED ROCKS IN DRC

The claims that electrically-charged stones were found in the Democratic Republic of Congo have been circulating on social media platforms, including Facebook, Twitter, TikTok and Instagram. Recent social media claims of “electrically charged stones” found in the Democratic Republic of the Congo have been debunked by experts. A video circulating on social media showed several people inspecting a small, shiny rock and connecting it to a wire, which activated a light. However, experts have stated that while certain minerals can conduct electricity, none can store it. The substance in the…

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National 

World’s first Battery Passport proof of concept provides pioneering step in supply-chain transparency

Glencore is proud to be part of the world’s first battery passport proof of concept launched by the Global Battery Alliance. We spearheaded the first pilot passport leveraging the ReSource platform in collaboration with Glencore’s Kamoto Copper Company SA, LG Energy Solution and Tesla. As the world seeks to address climate change, minerals are set to play a pivotal role in decarbonising energy consumption and mobility. At the same time, society’s expectations with respect to environmental and social performance of companies continue to increase. The ESG performance of mineral production as well as…

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GROUNDBREAKING 

South Africa: Responsible mining demands multidisciplinary teams

As the mining sector gathers again for the 2023 African Mining Indaba, there is likely to be both excitement and apprehension in the air. Global trends toward decarbonisation are raising demand expectations for battery minerals, and geopolitical tensions suggest that Africa may become more of a focus for sourcing these critical commodities. At the same time, the changing landscape of regulations, best practice and public perception makes for a complex environment to navigate. “Investors in Africa will want to harness the potential of commodity demand,” Andrew van Zyl, managing director…

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Tourism-Hospitality 

Cruise line sees growing demand for SA itineraries

NORWEGIAN Cruise Line (NCL) – which successfully concluded its inaugural season sailing from Cape Town today (Thursday, January 26) on the Norwegian Jade – is seeing a growing demand for its cruises in South Africa. On December 21, 2022, Norwegian Jade became the first vessel in the line’s 18-ship fleet to homeport from the South African port of Cape Town, offering international and local guests 12-day itineraries along the coast of South Africa and Namibia with an overnight stay in Cape Town and visits to Mossel Bay, Gqeberha (Port Elizabeth), Richards Bay, Lüderitz and…

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National 

Latest Technology Advancements to be on display at Mining Indaba 2023 with Infratech Content Platform

The future of African mining will take centre stage as industry experts delve into the latest technology developments that contribute to building and delivering mines of the future, today. Brand new to Mining Indaba 2023 is the launch of the three-day InfraTech content platform. It will debut with an exciting lineup of panel discussions for audiences to attend from 6-8 February. “For the first time in 2022 we held our dedicated Infrastructure & Supply Chain Forum, bringing together the vital mining supply chain companies and senior mining executives to discuss ESG-focused solutions…

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National 

CRITICAL METALS REACHES SIGNIFICANT MILESTONE IN DRC

Critical Metals has begun copper production at the Molulu project, a former copper cobalt mine in the Democratic Republic of Congo. The production launch comes after the completion of on-site preparation work and the arrival of necessary mining equipment. This is a significant development as the company aims to acquire additional assets. The mine will initially operate on a single-shift schedule, with an estimated output of 10,000 tonnes of copper oxide ore per month in steady-state production. The copper ore produced in January 2023 will be stored for sale in…

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