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Cobalt outlook bullish through 2022 and beyond, ERG CEO says

February 1, 2022February 1, 2022 admin

The situation in the global cobalt market is such that prices could climb to new highs through 2022 and beyond, according to the chief executive officer of diversified mining company Eurasian Resources Group (ERG). Benedikt Sobotka said that the surging price of the metal, which rose by 119% in 2021, was giving a very clear message: the market is severely short of cobalt, a key ingredient in the batteries that power electric vehicles (EVs). There were no discernible signs of any fundamental easing, he said, and prices remained on an… Read More Here

Gold International

World: 2021 ended with rising gold demand (WGC)

February 1, 2022February 1, 2022 admin

Global demand for gold for the whole of 2021 has seen an increase, reaching 4,021 tons, according to the World Gold Council (WGC) report published on January 28, 2022. In this report, it is specified that demand has recovered a large part of the losses linked to the health crisis in 2020. World Gold Council notes, in the same report, the drop in gold consumption levels around the world in the first half of 2021 and the chain, the following three months, also with a drop. The report states that… Read More Here

Mining in DRC

DRC: with an estimated production of 75,277.39 tonnes between 2015 and 2019, cassiterite generated revenues of USD 457.6 million

February 1, 2022February 1, 2022 admin

The production of cassiterite in the Democratic Republic of Congo (DRC), for the period between 2015 and 2019, amounts to 75,277.39 tons, informs the directory of statistics of the Mining sector of the DRC, edition 2020. According to this report from the Ministry of Mines, this production generated revenues of around 457,623,437.96 million US dollars. Data from the statistics directory show that this production is estimated at 75,277.39 tonnes. As for their distribution, it is indicated that in 2015, the production of cassiterite amounted to 8,303.59 tons for exports of… Read More Here

Gold

Africa: With a new acquisition of a 15% stake in Orca Gold, Perseus Mining expands its gold footprint in the continent

February 1, 2022February 1, 2022 admin

Perseus Mining, a mining company that owns several gold mines in Côte d’Ivoire and Ghana, announced on Monday, January 31, 2022, the signing of an agreement with Resolute Mining to acquire its 15% interest in the company. Canadian company Orca Gold, active in Sudan on the Block 14 gold project and owning shares in the Koné gold project, in Côte d’Ivoire. According to a press release posted on its website, Perseus Mining announces that the amount of the transaction is estimated at 17.5 million Canadian dollars (13.7 million USD). In… Read More Here

Gemstones Mining in Zambia

Gemfields increases full-year production, sales

January 31, 2022February 1, 2022 admin

Gemstone miner Gemfields reports that by December 31, its 75%-owned Zambia-based Kagem emerald mine had produced 32.01-million carats for the year, at an average grade of 191 ct/t and ore throughput of 12.38-million tonnes, compared with the 9.38-million carats, 202 ct/t and 46.4-million tonnes achieved, respectively, in 2020. For the year, the Kagem mine’s expenditure on plant, property and equipment reached $2.27-million, and cash operating costs $32.83-million – compared with $407 000 and $21.22-million, respectively, for 2020. Online auctions held during March and April 2021 resulted in the sale 270 000 ct… Read More Here

Mining Careers Mining in Zambia

OPERATOR, LABORATORY X2 | MINING CAREER AT FQM, KALUMBILA, SOLWEZI, ZAMBIA

January 31, 2022January 31, 2022 admin

Requisition Number: JR4465| Country: Zambia | Contract Type: On-going| Location: Solwezi | Category: Service Apply now Overall Job Purpose Team Leader, Laboratory will be responsible for managing and the day to day running of the concrete and soils testing laboratory. Specific Job Responsibility Team Leader, Laboratory required to perform the following tasks: Managing the team of in the concrete and soils testing lab Conducting construction materials tests on KML site. Producing materials testing reports Maintaining a database of records of tests conducted by the materials testing laboratory Communication with all stakeholders Ensuring the laboratory equipment and infrastructure is kept… Read More Here

Mining Careers

MINE CAPTAIN, PRODUCTION – DRILLING | MINING CAREER AT FQM, KALUMBILA, SOLWEZI, ZAMBIA

January 31, 2022January 31, 2022 admin

Requisition Number: J4613| Country: Zambia | Contract Type: On-going| Location: Solwezi | Category: Mining Apply now PURPOSE Provide Technical Support to the Drilling Operations Team(s) and oversight to all drilling activities, supervise and implement the drilling programme, and to ensure that all drilling operations are conducted in a safe and efficient manner, within the requirements of Company policy and Country legislations and in line with (MR208). KEY RESPONSIBILITIES To co-ordinate and provide the necessary leadership to carry out all activities with respect to the various drilling programmes. To co-ordinate the collection of all data to be transmitted back to the… Read More Here

Gold International

Gold set for worst month since September on Fed rate-hike prospects

January 31, 2022January 31, 2022 admin

Gold prices fell on Monday and were set for the biggest monthly drop since last September, as markets anticipated higher rate hikes by the U.S. Federal Reserve on the back of key economic data, while a stronger dollar put further pressure on bullion. Spot gold was down 0.2% at $1,787.70 per ounce, as of 0658 GMT, taking its monthly drop to more than 2%. U.S. gold futures were up 0.1% at $1,789.20. “It’s just that continuation of the real rates moving higher again and that’s producing a more negative backdrop… Read More Here

Mining in DRC

DRC: Mining exploitation titles in Kasaï at the center of exchanges between Deputy Minister of Mines Godard Motemona and national deputy Guy Mafuta

January 31, 2022January 31, 2022 admin

The Deputy Minister of Mines, Godard Motemona received, on Wednesday January 26, 2022 in his office, the national deputy Guy Mafuta Kabongo, the elected representative of Tshikapa and agent in mines and quarries. The latter came to express his concern about the freezing of mining rights by certain holders of said rights, this situation creates permanent conflicts with the local populations, prevented from engaging in agricultural and mining activities. In the meantime, other holders of mining rights impose contracts on farmers obliging them to share their own agricultural production unfairly.… Read More Here

Cobalt International Mining in DRC

cobalt price surge to continue this year amid rising demand

January 28, 2022January 28, 2022 admin

The surge in the cobalt price, which increased by 119% in 2021, is expected to continue unabated this year, with cobalt supply increasingly unable to keep pace with demand, diversified mining major Eurasian Resources Group (ERG) CEO Benedikt Sobotka said in a statement on January 27. The global price of cobalt more than doubled last year, reaching its highest levels since 2018, he noted. “The market is severely short of the blue metal. There are no discernible signs of any fundamental easing, with prices remaining on an upward trajectory as consumers skirmish… Read More Here