Barrick to invest $2 billion in Zambia copper mine expansion

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PLUS: Anglo cuts jobs at Kumba | Lundin under pressure with new CEO appointment | New Lithium Americas soars on first day

October 4th, 2023 MINING NEWS DIGEST   Barrick to invest $2 billion in Zambia copper mine expansion Barrick's plan is to increase Lumwana's annual process plant production to an estimated 240,000 tonnes of copper per annum.   Heads to roll at Anglo American head offices The mining giant has begun at Kumba Iron Ore, where 181 workers got notices and 141 jobs are expected to be cut.   Lundin shares under pressure with appointment of founder's son as next CEO Chief executive Peter Rockandel is stepping down at the end of the year, and will be succeeded by Jack Lundin.   Lithium Americas soars on first day of trading as North American pure-play miner The new Lithium Americas is focused on advancing the Thacker Pass lithium project in Nevada to production.   JV Article: Discovery Silver's Cordero project is in the big league  Discovery Silver (TSX: DSV; US-OTC: DSVSF) owns the largest undeveloped primary silver deposit globally by reserves and has attracted a tier one […]   Lithium stocks tumble amid declining prices Ganfeng Lithium and Tianqi Lithium have plunged 51% and 32% respectively since January.   Sibanye CEO warns of platinum mining job losses as price plummets South African platinum group metal miners are battling an electricity crisis that has impacted output and increased costs.   Billionaire's Liontown buy up threatens lithium takeover Hancock Prospecting now owns 14.67% of the lithium producer, according to an ASX filing late Tuesday.   Surge Battery Metals shares rise on new mineral rights The company announced two mineral property purchase agreements near its North Nevada Lithium Project.   British Columbia's Tsilhqot'in First Nation publish new policy for mining, oil and gas The policy states the Tsilhqot'in will "consider partnership and ownership opportunities with mining and exploration companies."   JV Article: Dundee's novel processing techs address cyanide and arsenic risks  Two innovative metallurgical processes designed to alleviate environmental risks are beginning to attract the attention of mining companies eager to improve their […]   Stakeholder collaboration key to successful transition toward non-mining economies The best way to deal with mine closures is by combining early planning, local-based solutions, and targeted investments, new research has found.   Gold price halts decline but remains pressured by hawkish Fed UBS lowered its year-end gold price forecast by $100 to $1,850.   JV Article: Sandvik's Remote Monitoring Service predicts and prevents failures  For more than a year, remote monitoring specialists at Sandvik Mining & Rock Solutions have been identifying the efficiencies of loaders and […]   Sibanye CEO says Zambia's Mopani Copper Mines investment not 'onerous' The precious metals producer is on the shortlist of potential buyers.     You are receiving this email because this email was subscribed to the MINING.com News Digest List. You may manage your subscription, or unsubscribe at any time. This email was sent to you by MINING.COM Copyright © 2023 . All rights reserved.