Ivanhoe Mines has now completed 13.5 km of underground development at the Kakula copper mine, in the Democratic Republic of Congo (DRC). The company is 4.2 km ahead of plan on the mine’s development. The development partner on the project is Citic Metal Group, led by president Yufeng Sun. Sun and Ivanhoe chairperson Robert Friedland say the mining team is on trackContinue Reading

anada-based copper and gold miner First Quantum has lowered its guidance for 2020 by 75 000 t of copper and 30 000 oz of gold, citing a reduction in production expectations at the Cobre Panama mine, which was temporarily idled after some workers contracted Covid-19. The TSX-listed mining company reduced its guidance for copper to between 755 000 t and 805 000 t and its gold guidanceContinue Reading

uring South Africa’s extended national lockdown, aimed at helping to prevent the spread of COVID-19, Werner Pumps SA is open and able to assist municipalities and contractors to ensure essential services such as sewerage, wastewater treatment and infrastructure maintenance continues. “At Werner Pumps, our offices and manufacturing facilities have beenContinue Reading

Mining companies’ will be able to weather the year despite the covid-19 pandemic, owing to having vastly streamlined their operations, cut debt and expenditures, and increased production efficiencies, Fitch Solutions forecasts in its most recent report. Fitch anticipates most metal prices faring worse than in 2019 and the global recession affecting physical demand. “We believeContinue Reading