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⛏️ Eramet's subsidiary, Société Le Nickel - SLN - ERAMET has encountered difficulties with its #nickel mining operations in #NewCaledonia. 📉 #SLN's #mining production plummeted by 32% in the first quarter compared to the previous year due to issues surrounding mining permits. Operations have been halted in the northern province of New Caledonia since mid-April, due to disputes with authorities over the renewal of financial guarantees, with #Eramet's proposal for a one-year extension rejected as inadequate. This adds to the struggles of the New Caledonian nickel industry, prompting a proposed rescue package from the French government. Despite these issues, Eramet remains optimistic, expanding production in Indonesia and Gabon while forecasting increased output for lithium in Argentina. The company adjusted its earnings forecast upwards for 2024. MINING.com Reuters Reuters News Agency Gus Trompiz Tomasz Janowski

Australia's mining landscape is rich in diversity and resources. Our #TuesdayFacts for today are about this remarkable country: Fact 1: Australia was home to the world-renowned Argyle Diamond Mine in Western Australia, famous for its pink diamonds. This mine has produced over 90% of the world's pink diamonds, making it a sparkling jewel in Australia's mining crown. However it got close in 2020. 💎 Fact 2: The Pilbara region is a mining powerhouse, particularly for iron ore. Massive open-pit mines like Mount Whaleback fuel Australia's role as a leading exporter of iron ore globally. It's a true iron ore treasure trove! 🚢 Which Australian mining marvel captivates you the most?  #MiningFacts

💅 Critical mineral outlook study shows the complexity of the mineral production world from the geographical concentration vs mine ownership perspective. #Australia, #Chile, and #China almost entirely dominate the Mining and Geometallurgy #Lithium. But Southern Africa will emerge as a significant block in hard rock mining and processing for Li concentrae and hopefully refining. ⚡

Botswana, a leader in the diamond industry, is facing significant challenges that could impact the entire continent's mining future. From declining diamond reserves to market uncertainties, the ripple effects are concerning. Dive into this in-depth analysis to understand the issues at hand and their potential implications for Africa's mining sector: https://lnkd.in/d28CUxZt #DiamondIndustry #BotswanaMining #AfricanMining #EconomicChallenges #BotswanaMiningReview

Shining a Spotlight on Burkina Faso's Resilient Mining Sector ⛏️ Since the 2000s, Burkina Faso has been experiencing a mining boom. However, despite being in the midst of a modern gold rush, the country has undergone security challenges over the past two years with a significant impact on the mining industry. We speak to Adama SORO, President of the The Burkina Faso Chamber of Mines, unpacks the challenges facing the Burkinabe mining industry as a key driver of the country’s socioeconomic development. Read more here ➡️ https://lnkd.in/e3GKwFaU 🗣️ “As the mining sector accounts for roughly 20 percent of GDP, we need to use the industry as a key driver for the socioeconomic development of the whole country” Contributors: Coris Bank International Burkina Faso l Growth Steel For Mining Outlook: Project Manager - Deane Anderton Writer - Jack Salter SME - Jake Crickmore #mining #africa #miningindustry #burkinafaso

Shining a Spotlight on Burkina Faso's Resilient Mining Sector ⛏️ Since the 2000s, Burkina Faso has been experiencing a mining boom. However, despite being in the midst of a modern gold rush, the country has undergone security challenges over the past two years with a significant impact on the mining industry. We speak to Adama SORO, President of the The Burkina Faso Chamber of Mines, unpacks the challenges facing the Burkinabe mining industry as a key driver of the country’s socioeconomic development. Read more here ➡️ https://lnkd.in/e9kfxTyq 🗣️ “As the mining sector accounts for roughly 20 percent of GDP, we need to use the industry as a key driver for the socioeconomic development of the whole country” Contributors: Coris Bank International Burkina Faso l Growth Steel For Africa Outlook Magazine: Project Manager - Deane Anderton Writer - Jack Salter SME - Jake Crickmore #mining #africa #miningindustry #burkinafaso

Kenya ranks sixth in Africa for mining investment in 2023 survey

KEFI Gold and Copper Announces Tulu Kapi Gold Project Update Harry Anagnostaras-Adams, executive chairman of KEFI, commented, “The government’s push for the mining industry is beginning to see launch activities on the ground. At Tulu Kapi our initial activities are already focused on engineering internationally and community consultations locally. Physical activities at site will soon also become more obvious.” He added, “Ethiopian gold projects that have recently started launch preparations are likely to lift gold exports to US$1.3Bpa within three years, overtaking coffee exports as Ethiopia’s largest export sector. The mining sector growth initiatives can also be seen to be part of wide-ranging reforms of the financial system and economy for Ethiopia to re-ignite its historic high growth rates.” Read more here: https://hubs.la/Q02JkhGK0 $AIM $KEFI

𝗠𝗮𝘂𝗿𝗶𝘁𝗮𝗻𝗶𝗮'𝘀 𝘁𝗵𝗿𝗶𝘃𝗶𝗻𝗴 𝗺𝗶𝗻𝗶𝗻𝗴 𝘀𝗲𝗰𝘁𝗼𝗿 𝗵𝗮𝘀 𝗽𝗼𝘁𝗲𝗻𝘁𝗶𝗮𝗹 𝘁𝗼 𝘁𝗿𝗮𝗻𝘀𝗳𝗼𝗿𝗺 𝘁𝗵𝗲 𝗰𝗼𝘂𝗻𝘁𝗿𝘆’𝘀 𝗲𝗰𝗼𝗻𝗼𝗺𝘆 by Jason Mitchell; bne IntelliNews #Mauritania is already one of the leading #ironore and #gold producers in #Africa and the #country has vast mining potential owing to its relative stability in the #Sahel region. The Islamic Republic enjoys significant #mining potential with more than 900 #mineral occurrences, including #ironore, copper, gold, silver, phosphates, quartz, diamond, #chromium, #manganese, lead, zinc, platinum group metals, rare earths, gypsum, black sands, salts and peats. It produced 14m metric tonnes (mt) of #ironore in 2013, positioning it as the second biggest iron ore #producer on the continent after #SouthAfrica. It boasts a largely untapped mineral-rich terrain and a vast 20bn mt of iron ore #reserves. One of the richest iron ore veins is located at the ridge of #Reguibat in the country’s north, with an estimated 2bn mt in reserves. Since 1974, SNIM (Société nationale industrielle et minière) (SNIM) — the state-owned industrial and mining company — has served as the primary manager of the country’s iron ore mines, operating the Guelb El Rhein, Kedia d’Idjill and M’Haoudat mines, located in the broader iron ore mining region around the town of Zouerate in the country’s north. Meanwhile, other significant iron ore deposits at Tamagot, Legleitat, Tiferchai and Kaouat — all located close to Zouerate — should help #SNIM reach its ambitious #production target of 45mn mt by the year 2030. The rest of the article link is here: https://lnkd.in/dbvWqvcH

⁉️ Did you know that: - The long history of mining in Suriname shows that the country retains between 55 percent and 65 percent of the proceeds in the mining sector, which benefits the overall economy. - Reunion Gold Corporation is a leading gold explorer in the Guiana Shield, South America. - In 2020, Reunion Gold announced an exciting new greenfield gold discovery at its Oko West project in Guyana with a Mineral Resource Estimate containing a total of 4.3 Moz of gold. - Reunion Gold supported the discovery of the mine in the Rosebel Goldmines area. - CDWE is the local partner for Reunion and has a track record in exploration and work with French, Canadian and USA companies - In 3-5 years time this initiative could result in 1000-3000 jobs in the mining sectors itself, not to mention the ripple effect it will have on sectors providing services to the mining sector. - AmCham Suriname has a clear vision and strategy about local content development, ease of doing bus and community development with our members -As President of the American Chamber of Commerce it is my commitment to facilitate our members and their partners Quote from the article on De Ware Tijd; The American Chamber of Commerce and Industry in Suriname, Sonai emphasized that the Chamber's role is to facilitate partnerships between businesses. “If companies have already established partnerships and their plans fit within our vision, the task is to support them,” Sonai stated. She further emphasized that the House is committed to the needs of their members. According to her expectations, more than a thousand jobs will be created in the next three to five years as a result of this investment. LivingMyPurpose BetterFuturesInTheCaribbean