Proactive’s Post

Toubani Resources (ASX:TRE) reporting some excellent drilling results at Kobada Gold Project in Mali in shallow oxide mineralisation. Margins rather than grade, is what makes Kobada attractive. Soft ground will ensure low production costs. The Kobada project hosts 2.4 Moz in Mineral Resources which occurs over a 4.5km strike length and is predominantly oxide and open pittable. 

🌟🇹🇿 Exciting News from the Ministry of Minerals, Tanzania! 🌟 As we continue to forge ahead with our commitment to Tanzania’s economic development, Dr. Steven Kiruswa, The Deputy Minister of Minerals was thrilled to share some outstanding achievements from our mining sector during the inauguration of the Tanzania Broadcasting Corporation (TBC) towers in Loliondo, Ngorongoro District, Arusha. 🎯 2025 Target: The Ministry of Minerals has been tasked with the ambitious goal of contributing 10% to Tanzania’s GDP by 2025. We are proud to report that as of now, we have already surpassed a 9% contribution, leaving us just shy of our target by 0.9%. 📍 Regional Focus – Arusha: For the 2023/24 fiscal year, we set a target for the Arusha region to collect 5.5 billion shillings from mining activities. As of March this year, we have successfully collected 3.18 billion shillings. With continued effort, we are on track to meet our June 30, 2024 deadline. These milestones reflect the hard work and dedication of our teams across the country. The integration of mining revenues into our national economy not only supports our fiscal targets but also fosters sustainable development in our mining communities. Stay tuned for more updates as we push forward toward our goals. Together, we are building a stronger and more prosperous Tanzania. #Vision2030 #MadiniYetu #MiningIndustry #TanzaniaDevelopment #TANZANIA #TanzaniaMinerals #Networking #TanzaniaMining #Vision2030 #MadiniNiMaishaNaUtajiri #MineralResearch #MiningSectorGrowth #MineralGovernance #InvestInTanzaniaMiningSector #EconomicDevelopment #MiningSector #Tanzania #GDPContribution #SustainableMining

Oriole Resources PLC (AIM:ORR) has identified a new mineralised zone within the licence areas at its Bibemi project in Cameroon Sampling at the new prospect, Lawa West, returned 17 rock chips grading over 0.5 grammes per tonne (g/t) gold from quartz vein material, with best results of 54.50g/t Au and 38.40g/t Au. Mapping at Lawa West has also extended the mineralised strike length of to 6 kilometres increasing the total mineralised trend at Bibemi to 17 Km. Partner BCM International is currently funding up to US$4 million in exploration expenditure in return for up to a 50% interest in the project. Martin Rosser, chief executive, added: said: "The results reported for Lawa West are encouraging as they significantly expand the potential mineralised corridor length of the prospect, and the overall system at Bibemi. More at #Proactive #ProactiveInvestors #orioleresources http://ow.ly/L4hG105ECAA

Our Quarterly Activities Report for the March 2024 Quarter showcases significant progress towards the development of our Ngualla Rare Earth Project. Highlights include:   ✅Advancing cooperation with Shenghe Resources for potential investment and offtake agreements. ✅Receipt of expressions of interest totaling US$176.6m in senior debt funding. ✅Identifying potential capital cost savings for the Ngualla Project. ✅Revision of the Target Final Investment Decision to December 31, 2024, aligning with funding progress and optimisation efforts. ✅Expansion of the Ngualla SML area to approximately 51km². ✅Acquisition of freehold title over the Teesside site, exploring near-term exit options. ✅Successful critical minerals exploration program, confirming high-grade mineralisation of phosphate, fluorspar, niobium, and rare earths. ✅Signing of a non-binding MOU with Minjingu Mines and Fertiliser for future phosphate supply. ✅Positive developments in rare earth prices.   Read the full report here: https://bit.ly/4aMz52V   #PeakRareEarths #PEK #ASXNews

Barrick is gearing up to revolutionize Zambia's copper industry with a massive investment of nearly US$2 billion in the Lumwana mine expansion project! Set to increase annual copper production to an estimated 240,000 tonnes, this transformational initiative marks a significant milestone in elevating Lumwana to the forefront of global copper producers. Barrick's commitment extends beyond production targets, with a focus on sustainable value creation and community development. President and Chief Executive Mark Bristow's vision aligns with Zambia's goal of revitalizing its copper industry, emphasizing partnerships and shared prosperity. Join us in celebrating this groundbreaking venture that not only promises economic growth but also underscores Barrick's dedication to local empowerment and technological innovation. Read more about this game-changing development here: https://lnkd.in/dfXES4_C #LumwanaExpansion #CopperIndustry #SustainableDevelopment #ZambiaMining #MiningMagazine #IndustryInsights #StayInformed #MiningNewsZambia

This report presents the findings of a comprehensive mapping study conducted by community monitors under the guidance of the SOUTHERN AFRICA RESOURCE WATCH (SARW) on the social and environmental impacts (positive and negative) of Chinese mining companies in communities in the Democratic Republic of Congo (#DRC), #Zambia, and #Zimbabwe. The study was initiated to provide credible evidence (from the community, workers, and local authority perspective) on the conduct of #Chinese mining companies in these countries and to suggest reforms that could be implemented to improve their social, environmental, and economic practices. The research project, known as Mapping, Monitoring, Documenting, and Improving (MMDI), aims to systematically document the human and environmental impact of Chinese extractive companies, and to develop policy and practice reform strategies that facilitate engagement with the Southern African Development Community Secretariat Community (SADC) countries on proposed reforms for improved operations and conduct. The report highlights the perspectives of community members, employees of mining companies, and local authorities on Chinese mining companies’ conduct and the impacts of mining on society and the environment. The study utilised a case study approach, with trained monitors in the #DRC, #Zambia, and #Zimbabwe collecting data and information on Chinese mining operations in their respective areas. ⏬⏬⏬ Follow Integrated Africa Power (IAP) for more updates. #JustEnergyTransition #FOCAC

Great article on the Simandou project in the Financial Times. It really captures the sense of progress that all of us working on the project here in Guinea are feeling day to day. As Simandou draws nearer to operations, we are living out our commitment to realizing this project safely, quickly, and with the interest of Guineans at its heart. Already, we are making a positive impact through the creation of new jobs, investment in local businesses, and the transfer of knowledge and skills to Guinean workers. This landmark project ushers in a ‘new era’ of mining, as the article states. Of particular interest is the discussion of Simandou’s role in the global energy transition. With its high-grade iron ore resource, Simandou represents a major opportunity to reduce the carbon associated with steel production, making possible our low-carbon future. It really is a privilege to work on such a significant project - thanks to @FinancialTimes for the write-up!  https://lnkd.in/eix5A-uZ #SimandouProject #Guinea #RioTinto #MySimandouStory #LocalContent #Simfer

Asara Resources is an ASX (#AS1) listed #exploration company with a portfolio of advanced minerals projects in #Guinea and Burkina Faso, West Africa and in Chile, South America. The Company’s flagship project is the advanced #Kada #Gold Project in Eastern Guinea. Guinea remains one of the most under-explored countries in West Africa. Asara has outlined an Indicated and Inferred Mineral Resource of 30.3Mt at 0.95g/t gold for 923Koz, the majority of which is shallow oxide gold mineralisation. Most of the 150km2 project area remains under explored and there is considerable upside to expand the oxide gold inventory. The team has completed a considerable amount of diamond drilling (4,500m) to ascertain the structural orientations of the deposit to ensure we are moving in the down the correct path and there are no surprises as we move towards potential development. This drill out of the Massan area has resulted in a resource that is over 25% indicated (global) and 40% of the oxide resource is now indicated. In addition to the large drill out of our Massan area, the company increased the work on Bereko (9km north of Massan). Bereko has been drilled out around 300m and yielded 18,000 ounces to date. The anomaly around Bereko extends for an additional 5km so there is potentially huge upside there. In addition to Bereko the company has identified six ”grassroots” targets along the 15km long belt, including the Sounkou and Nounkoun new discoveries. Sounkou in particular exhibits some of the fresh rock seen at AGA’s Siguiri Mine, just 35km away. Elsewhere, the company is exploring options to divest our 2 million ounce deposit in Burkina Faso and the team are confident to monetize this asset in 2024. In #Chile, the company has an ongoing, exciting, JV with Teck, one of the worlds largest copper miners. Teck are working aggressively on the Loreto Copper Porphyry having completed mapping and airborne geophysics in 2023.

2024 Mining Indaba holds immense significance for Tanzania, as notable figures, including Hon. Dr. Steven L Kiruswa (MP), Deputy Honourable Minister of Minerals, Kheri Mahimbali, the Permanent Secretary of The Ministry of Minerals of Tanzania , and Tanzania Chamber of Mines (TCM), took stage with a theme “𝐚𝐝𝐯𝐚𝐧𝐜𝐢𝐧𝐠 𝐦𝐢𝐧𝐢𝐧𝐠 𝐢𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐭𝐨 𝐚𝐜𝐜𝐞𝐥𝐞𝐫𝐚𝐭𝐞 𝐩𝐫𝐨𝐬𝐩𝐞𝐫𝐢𝐭𝐲.”Together, they demonstrated Tanzania's attractiveness for investment, exploration, and mining production. 𝐓𝐡𝐞 𝐤𝐞𝐲 𝐭𝐚𝐤𝐞𝐚𝐰𝐚𝐲𝐬 𝐟𝐨𝐫 𝐬𝐭𝐚𝐤𝐞𝐡𝐨𝐥𝐝𝐞𝐫𝐬 𝐚𝐧𝐝 𝐢𝐧𝐯𝐞𝐬𝐭𝐨𝐫𝐬 ⭐ Tanzania has a rich geological landscape, coupled with political stability which presents unmatched opportunities for investment and growth in the mining sector. ⭐ The government is focused on boosting profitability through infrastructure enhancements. These priorities include improving power supply, upgrading transportation with projects like the standard gauge railway and ports expansion underway, and developing airports, all aimed at enhancing production and mineral trade. Other cross cutting opportunities highlighted for investment in Tanzania included: 🟣Planning and Exploration 🟣Logistics 🟣Gemstones value addition 🟣Chemical supply 🟣Construction 🟣Recycling 🟣Financing 🟣Batteries production 🟣Equipment assembly 🟣Smelters 🟣Refineries 🟣Marketing 🟣Fertiliser manufacturing These efforts underscore Tanzania's commitment to inclusive and sustainable economic growth within the mining sector, signalling a bright future for stakeholders. 🌍💼 Feel free to connect with the Dentons team, Tom Sipemba and Emma Kimario on the ground to carry on the discussion on the on the best way to tackle these opportunities. #InvestInTanzania #Risingjurisdictioninmining #InvestInMining #TanzaniaIsopenforbusiness #MiningIndaba2024

Global diamond giant De Beers said it will go ahead with a planned $1 billion #investment to extend the life of its flagship Jwaneng mine in Botswana, even as last year's downturn in gem demand persists. The Anglo American unit and the #Botswana government, which jointly own Debswana Diamond Company, have approved the spending that will convert the Jwaneng pit into an underground operation. Debswana said in 2018 it planned an investment to extend the lifespan of the mine by 11 years from 2024. #DeBeers said the #spending is necessary as long-term supply of rough gems is expected to tighten. Angola last year started mining at its new Luele project, the biggest in the country and one of the world's largest by estimated resources, despite depressed #diamond demand. "The global supply of natural diamonds is falling, so moving forward with the Jwaneng underground project creates new value for investors," De Beers CEO Al Cook said. Demand for rough diamonds has been weak in recent months with #India -cutter and polisher of 90% of the world's rough diamonds- asking global miners to stop selling it gemstones to manage accumulated stocks. "This investment is aligned with our strategy to prioritise investments in the highest quality projects," Cook said. De Beers last year agreed a new diamond sales pact, which will see the government's share of #diamonds from the Debswana joint venture gradually increase to 50% over the next decade. https://lnkd.in/ehz-vuc6 Botswana🇧🇼 is an #AfCFTA member country #Mining #Diamond #Minerals #Markets #Trade #GDP #Growth #Economy #PAPSS #GlobalTrade #WorldEconomy