| DR Congo & Zambia’s top mining news Our top stories this week 
| Kamoa-Kakula’s Phase 1, concentrator plant has exceeded, all design criteria and now is operating at steady-state Ivanhoe Co-Chairs Robert Friedland and Yufeng “Miles” Sun announced that Kamoa-Kakula’s Phase 1, 3.8 million-tonne-per-annum (Mtpa) concentrator plant has met, or exceeded, all design criteria and now is operating at steady-state. Optimization work is underway to further enhance the plant’s operating performance. A total of 323,368 tonnes of ore was milled in October at an average feed grade of 5.89%… Read full article | Sponsored advertisement | | | 
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| Tesla has signed a three-year deal to buy lithium from Ganfeng Lithium | Tesla has signed a three-year deal to buy lithium from Ganfeng Lithium, as it secures supplies of the battery raw material following a rapid rise in prices this year. The agreement for battery grade lithium hydroxide will start at the beginning of next year, Ganfeng said, without giving further details. “The actual purchasing quantity and sales amount will depend on the purchasing orders… Read full article |
| Barrick to prioritize growth Since the merger of Barrick Gold (TSX: ABX; NYSE: GOLD) and Randgold Resources early in 2019, the new gold major appears to be completing a full circle under the leadership of Mark Bristow by increasingly prioritizing value-adding grass-roots exploration and development, he said. After kicking off a period of top-tier gold-industry consolidation, the company has been focusing…Read full article | 
| Zambia’s Head of State courted dollar bond holders in London, on the sidelines of the Glasgow COP26 Exactly 6 days after Zambia’s Ministry of Finance Head Dr. Situmbeko Musokotwane presented a $10 billion (K173 billion) budget that would steer Zambia to economic rebound, Zambia’s Chief Investment Officer, the Head of State Hakainde Hichilema courted dollar bond holders in London, on the sidelines of the Glasgow COP26 climate change conference. This is yet another testament of Hichilema’s usage of foreign policy… Read Full Article | | 
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| International auction house Phillips will, this month, put on sale the largest collection of Zambian emeralds International auction house Phillips will, this month, put on sale the largest collection of Zambian emeralds ever to be offered on auction. Part of the proceeds will go to the Gemfields Foundation, which supports community and conservation projects in Africa. The Treasures of Zambia: An Exceptional Emerald Collection comprises about 45 lots, including 993 ct of fine Zambian emeralds… Read full article | 
| Copper selling at USD 10,045 per tonne against USD 10,266 per tonne the other week, a price drop of USD 220 The general price trend of the main mining products of the DRC is up this week on the international market, according to projections by the Commission Nationale des Mercuriales, a structure of the Ministry of Foreign Trade. Among the commodities that are on the rise is cobalt which is trading this week at $ 55,695 per tonne versus $ 55,449 per tonne last week, a positive price spread of $ 146… Read full article |
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