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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

Mining in Zambia Governance

Zambian Government Fast-tracks the GED Africa Route

January 28, 2022January 28, 2022 admin

Just a month after the successful completion of GED Zambia’s early works civil construction, the Government of the Republic of Zambia continues to play a key role in maintaining the project’s momentum as they hosted GED Africa for a three-day working session (January 19-21, 2022).Delegates included representatives from various Ministries and Government Agencies, including the Zambia Road Development Agency (RDA), came together in the spirit of ensuring the success of this public-private partnership project.Discussions were chaired by Mr. Mumba Chanda, Director, Local Government Finance and Projects from the Ministry of… Read More Here

Gold International

Gold demand hits highest level in more than two years

January 28, 2022January 28, 2022 admin

Market development organisation the World Gold Council’s (WGC’s) latest ‘Gold Demand Trends’ report shows that yearly demand, excluding over-the-counter markets, has recovered many of the Covid-19-induced losses from 2020 to reach 4 021 t for the 2021 full-year. Demand for gold reached 1 147 t in the fourth quarter of 2021 – its highest quarterly level since the second quarter of 2019. It is also an increase of almost 50% year-on-year. Gold bar and coin demand rose 31% to an 8-year high of 1,180 t as retail investors sought a haven against the backdrop of rising inflation… Read More Here

Tin International

Mines: tin at 42,500 USD per ton on the market, double the price at the same period in 2021

January 28, 2022January 28, 2022 admin

A new year and a new record for the price of tin . The London Metal Exchange’s (LME) three-month tin hit its latest milestone of $44,200 a tonne on January 21 before suffering a bout of vertigo early this week. It has since regained its bullish calm, last trading around $42,500, still more than double the price at this time last year. Liquid metal continues to claim a significant additional premium. Tin is experiencing shortage prices, having been plagued by a protracted supply chain crisis since the start of the coronavirus. The shutdowns spurred demand… Read More Here