OLC Project Management’s Post

🚀 🇲🇿 Empowering Mozambique's Graphite Industry: Syrah Secures €60M Funding 🚀🇲🇿 🌍 Australian mining giant, Syrah Resources Ltd announces securing €59.2 million ($64.73 million) in funding for its graphite operations in Balama, northern Mozambique, marking a significant milestone in the region's mining sector. 👉 Positive Outlook: - Economic and political transformations in Mozambique provide opportunities for sustainable growth in the graphite industry. - Syrah's strategic funding initiative fosters collaboration between international investors and local stakeholders, driving socio-economic development. - Clear regulatory frameworks and environmental standards ensure responsible resource extraction and community engagement. - Syrah's innovative approach to financing enhances resilience and adaptability in the face of global market dynamics. 💡 Insights: - Syrah's funding will bolster its graphite mining and processing operations, contributing to global supply chain diversification for clean energy and advanced technology products. - The investment is expected to spur job creation, infrastructure development, and adherence to environmental and social standards in Mozambique. - The partnership aligns with the US government's commitment to promoting trade and investment agreements in Africa, fostering economic growth and sustainable development. 🌟 Thought Leadership: Syrah's funding signifies a step towards enhancing Mozambique's role in the global graphite market, fostering economic resilience and promoting responsible mining practices. 💬 Join the conversation: How can strategic investments in natural resources drive sustainable development in Africa?🚀🌍👌🏽 #GraphiteIndustry #miningsector #sustainabledevelopment #investmentopportunities #MozambiqueEconomy #GlobalSupplyChain #cleanenergy #advancedtechnology #ResourceDevelopment #AfricanEconomicGrowth #mininginvestment #ResourceDevelopment #infrastructuregrowth #sustainablemining #economicempowerment #communitydevelopment #environmentalstewardship #corporateresponsibility #GlobalEconomicImpact #investmentopportunities #economicprosperity #BusinessLeadership #innovationinmining #naturalresources #industrialization #emergingmarkets #marketexpansion #corporatesustainability #sustainablebusiness #greeneconomy #economicresilience #socialdevelopment #globaltrade #InternationalInvestment #industrygrowth #leadershipdevelopment #investinmozambique #contactusnow #localbusinesssuccess #partnerships #collaboration #collaborativearticles #follow #followme #connect #followforfollowback #followformore #followforupdates

Millennial Potash Corp. (@millennialpotash) has achieved a significant milestone by earning a 70% interest in Equatorial Potash Pty, the company holding the Banio Potash Project in Gabon. To secure this interest, Millennial Potash filed a Preliminary Economic Assessment (PEA) and made payments of $300,000 and 1 million shares to the project's vendors. The PEA outlines the potential for a low-cost solution mining operation at the Banio Potash Project, with an annual production capacity of 800,000 tonnes of granular muriate of potash. The project boasts one of the lowest capital expenditure estimates in the industry at US$480M and an operating cost of US$61 per tonne. 'The solid economic potential is further demonstrated by a strong post-tax NPV (Net Present Value) of US$1.07 billion and an IRR (Internal Rate of Return) of 32.6%,' said Millennial Potash Chairman Farhad Abasov. The company plans to continue implementing the PEA's recommendations, including additional drilling to expand resources. #potash #mining #investment #economicassessment

Company Overview Transatlantic Gold, Corp.™ operates at the forefront of the gold mining industry, infusing innovation into the rich Greenstone Gold Belt of Tanzania. Our collaboration with Alnitak Resources™ sets a new standard for economic, environmental, and social progress. With Alnitak’s "ORION Gold Processing Campus™", we're not just bolstering our profits; we're elevating local communities, creating a synergy of prosperity that enriches both our shareholders and the regions from which we draw wealth. Our commitment extends beyond increased gold output; we're dedicated to enhancing the living standards within the communities we serve, ensuring that our growth directly contributes to social and economic advancement. By providing artisanal and small-scale miners access to state-of-the-art facilities, we're ensuring that the wealth generated from our operations is shared, lifting the entire community with us - cementing community support and developing human resources. In tandem with our physical mining endeavors, our strategic embrace of Web3 technologies positions us at the vanguard of the industry, extending the timeless value of gold into cutting-edge revenue opportunities that extend far beyond traditional mining. Our operations are defined not merely by the extraction of resources but by the significant and sustainable value we forge for all stakeholders.

President Tshisekedi Launches Mineral Certification System for Better Resource Management On September 9, 2024, President Félix Tshisekedi initiated a groundbreaking project aimed at improving the management of natural resources in the Democratic Republic of Congo (DRC) by introducing a certification system for mineral reserves. This was announced during the first extraordinary meeting of the Council of Ministers. The certification system marks a major step toward transparency and traceability in the mining sector, which plays a vital role in the country’s economy. The system will ensure that each allocated mining concession is cataloged and assessed according to international standards, promoting fair…Read More Here https://lnkd.in/gcDZMUX4

Barrick Gold Corporation's accelerated expansion of the Lumwana copper mine in Zambia is a significant step towards rejuvenating the country's copper industry. 🇿🇲💼 With initial production slated for 2028 and a focus on doubling copper production by the end of the decade, this project not only enhances Zambia's economic prospects but also aligns with Barrick's broader copper growth strategy. 💰📈 The commitment to local procurement and support for Zambian contractors through the Business Accelerator Program highlight Barrick's dedication to fostering sustainable growth and partnerships in the region. 🌱🤝 Soil Solutions provides Intelligent Mining Solutions which will assist with making the transition to Green and Sustainable Mining easily achievable. https://lnkd.in/dR32Z2qU #coppermining #economicdevelopment #sustainablemining #intelligentsolutions #growthstrategy #economicoutlook #greenmining

Papua New Guinea Chamber of Resources and Energy expresses concern over lack of consultation on National Gold Corporation Bill The Papua New Guinea Chamber of Resources and Energy (PNG CORE) has expressed concerns about the lack of consultation by the government with industry stakeholders regarding the National Gold Corporation Bill 2022. PNG CORE stated that the proposed bill, if passed, could have serious consequences for PNG's mining sector and its status as an investment destination. The organization has requested urgent consultations with the government to discuss the potential implications of the bill. According to PNG CORE, there has been no meaningful engagement or consultation with relevant stakeholders since discussions began in 2001. The chamber further highlighted concerns about undermining existing project agreements, extending application of the bill to all precious metals, potential dangers of a statutory monopoly in gold refining, extraordinary powers granted to national entities under the proposed legislation, and a lack of transparency around administration and governance. Leafsplash.com

In my weekly column in the Businessworld I wrote, “For the Philippines, which is rich in nickel, copper, and cobalt, the global shift promises the same benefits. Government revenues will be boosted, livelihoods will be generated, and sustainable economic growth will be catalyzed. Ultimately, people and communities will benefit from the responsible and well-regulated use of resources. But the opportunities can only be realized if there are changes made to the current policy and bureaucratic setup. Only if these roadblocks are addressed can we harness the full potential of our mining resources. What are these barriers? These are the same barriers that hamper other investments in other industries, but the urgency is great in mining because of the opportunities and potential that may be lost if these are not ad-dressed quickly.” https://lnkd.in/gWrTYSWA

PanAfGeo Project Phase-2 | GEUS | BRGM | Rob Karpati | Paul Matshona | European Union | Artisanal and Small-Scale Mining Handbook for Central, North and Eastern Africa: A practical guide. #asm #artisanal #mining #miningindustry

What a great resource from #PanAfGeo, introducing a handbook for Central, North and Eastern Africa on the Artisanal and Small-Scale Mining sector. Many authors provide intriguing insights on the way forward, with a few even offering recommendations on #policy, #infrastructure, #capacitybuilding, #financing, and #collaboration. #asm #mining #miningindustry https://lnkd.in/dHUzqksw

In an industry where sustainable development and community engagement are increasingly becoming the cornerstones of success, the recent news about Atico Mining's investment agreement with the Government of Ecuador for the development of the La Plata Project stands out as a beacon of progress. This partnership is not just about the economic implications but also underscores the importance of collaborative efforts between corporations and governments to ensure that mining operations contribute positively to local communities and the environment.