admin - Copperbelt Katanga Mining

Written by admin

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

Mining in DRC Gold

DRC: more than 5.4 billion USD generated by the production and export of Gold between 2015 and 2019

January 28, 2022January 28, 2022 admin

The production and export of gold from the Democratic Republic of Congo (DRC) generated revenues of around 5,492,424,428.13 billion US dollars, according to the statistical data contained in the sector directory of the Democratic Republic of Congo, 2020 edition. According to this report, during the period under analysis, gold production amounted to 164,656.3 kilograms. Of the 164,656.3 kilograms of gold produced on Congolese soil, nearly 162,765.94 kilograms were exported to the international market for this mining product. Evolution of production and exports recorded between 2015 and 2019 In 2015, the… Read More Here

DRC: with a production of 78.2 million carats, diamond exports generated 1.077 billion USD between 2015 and 2019

January 28, 2022January 28, 2022 admin

For the period between 2015 and 2019, the Democratic Republic of Congo (DRC) produced more than 78,216,600.47 million carats of diamonds. As indicated in the statistical yearbook of the Ministry of Mines, this production generated more than 1,017,877,825.81 billion US dollars. According to these data from the statistical directory, this production estimated at 78.2 million carats is distributed as follows: • In 2015, diamond production stood at 15,753,487.33 million carats, for an export of approximately 15,789,209.09 million carats for revenue of US$231,078,056.83 million. This production will experience a slight decrease… Read More Here

Mining in DRC Mining tax Oil & Gas Taxes

DRC: nearly USD 5.8 billion collected in taxes, duties, fees and royalties from mining and oil companies between 2018 and 2019

January 28, 2022January 28, 2022 admin

Between 2018 and 2019, mining and oil companies operating in the Democratic Republic of Congo (DRC) paid the public treasury in taxes, duties, fees and royalties, a total amount estimated at 5,849,113,365.66 billion. U.S. dollars. This is what the statistical yearbook of the Democratic Republic of Congo reports in its publication for the year 2020. According to this report, during this period under analysis, mining companies paid the Congolese State a sum of 5,456,810,153.31 billion US dollars, i.e. 2.9 billion USD paid in 2018 and 2.4 billion USD in 2019.… Read More Here