West African Resources’ Post

Erdene Resource Development Corp. TSX.ERD | MSE.ERDN | OTC. ERDCF Construction going well at Bayan Khundii Gold Project 6 Dec 2023 #mse #tsx #MiningIndustry Erdene Resource Development Corp CEO Peter Akerley joined Steve Darling from Proactive to provide an update on the progress at the Bayan Khundii Gold Project, highlighting several significant milestones and accomplishments. The construction at the Bayan Khundii Gold Project is well underway, with early works and site establishment activities nearing 80% completion. This includes the installation of temporary facilities, aggregate production, construction of temporary site roads, and the initiation of process plant civil works. Akerley mentioned that the project has successfully ramped up its workforce, with approximately 340 employees and contractors on site as of September. This workforce expansion is crucial for the efficient execution of the project. The remaining detailed design and shop fabrication drawings are progressing as scheduled with substantial completion expected in the first quarter of 2024. This demonstrates the project's adherence to its timeline. The CEO reported that long lead and critical equipment orders are on track, and the first deliveries are scheduled for late Q4 2023. This ensures that the necessary equipment will be in place to support the project's development. Erdene Resource Development Corp continues to fulfill its commitments to the community and stakeholders. This includes repairing and upgrading approximately 30 kilometres of off-site roads and providing mine equipment operator training to residents of Bayankhongor province, with a significant portion of trainees securing full-time operator employment. The company has also made progress with its gold exploration program at the Greater Dark Horse prospect. Drilling has intersected anomalous gold and/or indicator elements in 16 of 18 holes, showcasing the prospect's mineralization potential. Additionally, an IP survey covering a 9-square-kilometre area has identified several targets for further exploration. A trenching program near the surface has returned anomalous mineralization in multiple areas, highlighting the prospect's potential for future development. #proactiveinvestors #erdeneresourcedevelopmentcorp #tsx #erd #mse #erdn #mining #MiningNews #ConstructionUpdate #GoldProduction #CEOInterview #ResourceDevelopment #MiningIndustry #ProjectMilestones #InvestmentOpportunity #GoldMarket #BusinessUpdates #MiningProgress #EconomicDevelopment #MMCpartnership #ExplorationGoals #FinancialGrowth #CorporateSuccess #StrategicPositioning #IndustryInsights #MarketTrends #PreciousMetals #InfrastructureDevelopment #MiningInvestment #GlobalEconomy #FutureProspects#invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews

Slide Y from my A-Z of the key events taken place in UK & Ireland’s Construction Industry Mar/14-24: YORKSHIRE POLYHALITE MINE This slide revisits major points seen for the project since Q4'17 Last month - Anglo American outlined some stats around how the local area was benefiting from #WoodsmithMine development: - Anglo American supported 73x new business launches in the area during 2023 - The project generated additional £305m for the local economy in 2023 bringing total contribution to £1.5bn since construction started 2017 - Project now employing +1,400x local people which is 70% of total workforce But as the slide shows - the project journey has not been without its challenges - starting under Sirius Minerals Plc but now progressing through the ownership of Anglo American #construction #constructionindustry #agriculture BAUER Technologies Limited STRABAG Vicky Bolton #yorkshire #mining #minerals #Polyhalite #suretybonds

Main construction works on a #mineralsands project in the WA #Wheatbelt region are expected to begin this quarter following its latest receipt of approval. #projectory #projectleads #majorprojects #MineralSands #WheatbeltProjects #WAResources #AtlasProject #MiningApproval #ConstructionStart #ImageResources #EnvironmentalManagement #MiningProjects #WAMining #MineralExtraction #InfrastructureDevelopment #ResourceSector #WAProjects #MineralProcessing #SustainableMining #HeavyMinerals #Zircon #Rutile #MiningIndustry

Exciting to witness the groundbreaking Simandou Project in Guinea by Winning Consortium Simandou (WCS) – a mining endeavor of global significance! 🌍💼 Here's how Soil Solutions can play a pivotal role: 1️⃣ Dust Prevention: With vast access roads, dust can be a concern. Soil Solutions provides innovative solutions for dust control, ensuring a safer and cleaner environment. 2️⃣ Access Roads & Mine Haul Roads: Robust roads are the lifeline of mining projects. Soil Solutions specializes in constructing and maintaining durable roads, enhancing operational efficiency. 3️⃣ Runways: The planned airport can benefit from Soil Solutions' expertise in runway construction. Ensuring a sturdy, reliable runway is crucial for logistical operations. Intelligent Mining Solutions provided by Soil Solutions https://lnkd.in/dR32Z2qU Kudos to WCS for driving sustainable mining in Guinea! 🚀🌱 #mininginnovation #infrastructuredevelopment #sustainablemining #dustfree #dustcontrol #maintenancefree #roadconstruction #surfacetreatment #runway #waterconservation #co2reduction #dieselperformance #operationalefficiency #intelligentsolutions

Erdene Resource Development Corp. TSX. ERD | MSE. ERDN | OTC. ERDCF Erdene Resource Development Corp CEO Peter Akerley joined Steve Darling from Proactive to provide an update on the progress at the Bayan Khundii Gold Project, highlighting several significant milestones and accomplishments. The construction at the Bayan Khundii Gold Project is well underway, with early works and site establishment activities nearing 80% completion. This includes the installation of temporary facilities, aggregate production, construction of temporary site roads, and the initiation of process plant civil works. Akerley mentioned that the project has successfully ramped up its workforce, with approximately 340 employees and contractors on site as of September. This workforce expansion is crucial for the efficient execution of the project. The remaining detailed design and shop fabrication drawings are progressing as scheduled with substantial completion expected in the first quarter of 2024. This demonstrates the project's adherence to its timeline. The CEO reported that long lead and critical equipment orders are on track, and the first deliveries are scheduled for late Q4 2023. This ensures that the necessary equipment will be in place to support the project's development. Erdene Resource Development Corp continues to fulfill its commitments to the community and stakeholders. This includes repairing and upgrading approximately 30 kilometres of off-site roads and providing mine equipment operator training to residents of Bayankhongor province, with a significant portion of trainees securing full-time operator employment. The company has also made progress with its gold exploration program at the Greater Dark Horse prospect. Drilling has intersected anomalous gold and/or indicator elements in 16 of 18 holes, showcasing the prospect's mineralization potential. Additionally, an IP survey covering a 9-square-kilometre area has identified several targets for further exploration. A trenching program near the surface has returned anomalous mineralization in multiple areas, highlighting the prospect's potential for future development. #proactiveinvestors #erdeneresourcedevelopmentcorp #tsx #erd #mse #erdn #mining #MiningNews #ConstructionUpdate #GoldProduction #CEOInterview #ResourceDevelopment #MiningIndustry #ProjectMilestones #InvestmentOpportunity #GoldMarket #BusinessUpdates #MiningProgress #EconomicDevelopment #MMCpartnership #ExplorationGoals #FinancialGrowth #CorporateSuccess #StrategicPositioning #IndustryInsights #MarketTrends #PreciousMetals #InfrastructureDevelopment #MiningInvestment #GlobalEconomy #FutureProspects#invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews

#Hydraulic_Auxiliary_Equipment Market Foresees a Substantial Revenue Surge from 2023 to 2032 https://lnkd.in/dXE3XSqu The #global #hydraulic #auxiliary #equipment #market will continue to grow, driven by construction, mining and other infrastructure investments. #Mining and #construction #industry is a major end-user of the equipment. The government is taking action to reform #procedures and #policies along with the #speeding up of #environmental #issues, #forest #clearances and #land #acquisition issue. Conquest Equipment Volvo Construction Equipment Komatsu Atlas Copco Epiroc #Hydraulic_Auxiliary_Equipment #industrial_equipment #business_opportunities #marketanalysis #marketresearch #opportunities #business #future 

According to the data released by the China Construction Machinery Industry Association, a total of 12,376 excavators were sold in January 2024, marking an increase of 18.5%. This also signifies that excavator sales have finally become positive after experiencing twelve consecutive months of negative year-on-year growth. 👍 The sales growth can be attributed to overseas orders and equipment upgrades prompted by Chinese government emission regulations. These factors not only reflect the sustained recovery of China's construction machinery market but also indicate a continued rise in global infrastructure project initiation rates. https://buff.ly/3ubjNVv #GTOP #heavymachinery #mining #quarrying #agriculture #publicworks #constructionindustry

The latest results from Masimba Holdings show the highs and lows that construction companies face when they take on government projects – and the emerging risks from the collapse in mineral prices.

RESOURCE NEWS: Porgera Restart Status PRESS RELEASE ❗ ❗ ❗ New Porgera Limited (NPL) is pleased to announce that the restart of Porgera is progressing well and is on track. First gold production is expected to be achieved in Q1 2024, as planned, subject to the Highlands Highway continuing to remain open and no further vandalism of project infrastructure. NPL General Manager, Chad Coulin, acknowledged the tremendous effort made by the NPL workforce and the support of the regulator, the Mineral Resources Authority, to restart the Porgera mine in compliance with the laws of Papua New Guinea (PNG). Following completion under the Porgera Project Commencement Agreement (PPCA) on 22 December 2023, the NPL team has stepped up and delivered outstandingly towards getting back into full production in Q3 as required by the PPCA. The critical path to full production is re-standing or replacing relevant towers along the Hides Transmission Line. In 2024 for the Porgera mine operations, there will be a spend of K2.7B (US$749m) (est.), which is divided between K1.6B (US$442m) of direct operating costs (including K613m (US$174m) that will be capitalized prior to restart) and K1.1B (US$308m) of capital. The expected export revenue from Porgera gold sales in 2024 is K1.8B (US$504m) which will assist in boosting PNG’s foreign exchange reserves. Expenditure on PNG sourced goods and services is estimated to be over K600m during 2024. Over 3,000 Papua New Guineans will be employed by NPL by the end of 2024 with a payroll for the year of K150m (US$42.6m). Royalties, which will be paid to landowners and the Enga Provincial Government, and 0.5% production levy to Mineral Resources Authority will amount to K63.4m (US$18m). Withholding taxes and custom duties payable to the National Government are estimated to be K28.2m (US$8m) for 2024. NPL has already commenced payment of K4.6m in outstanding compensation fees for the period that Porgera was in Care & Maintenance and will shortly commence negotiation of the long term compensation agreements with landholder agents. The sharing and division of project benefits such as equity and royalties among stakeholders, will be agreed at the Government managed Development Forum process and be recorded in a Porgera Project Community Development Agreement that NPL will be a party to. Under the Community Development Agreement, NPL will contribute through the Tax Credit Scheme to relevant infrastructure projects in the areas of health, education, roads and law and order. Law and order continues to be a challenge and NPL calls for all stakeholders to support restart operations by contributing to peace in the valley with no further vandalism of critical infrastructure. #PorgeraMine #NewPorgeraLimited

According to the data released by the China Construction Machinery Industry Association, a total of 12,376 excavators were sold in January 2024, marking an increase of 18.5%. This also signifies that excavator sales have finally become positive after experiencing twelve consecutive months of negative year-on-year growth. 👍 The sales growth can be attributed to overseas orders and equipment upgrades prompted by Chinese government emission regulations. These factors not only reflect the sustained recovery of China's construction machinery market but also indicate a continued rise in global infrastructure project initiation rates. https://buff.ly/3ubjNVv #GTOP #heavymachinery #mining #quarrying #agriculture #publicworks #constructionindustry