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Iron ore price jumps as Fortescue, BHP and Rio Tinto face labour shortage

January 26, 2022January 26, 2022 admin

The iron ore price jumped on Tuesday after Fortescue raised concerns over a labour shortage in Australia because of covid-19 curbs, which could hamper output and shipments. BHP and Rio Tinto have also warned of disruptions from labour shortages as Australia faces a surge of Omicron coronavirus variant cases. According to Fastmarkets MB, benchmark 62% Fe fines imported into Northern China were changing hands for $138.39 a tonne during morning trading, up 3.7% compared to Monday’s closing. Iron ore’s most-traded May contract on China’s Dalian Commodity Exchange ended daytime trading 1.4% higher… Read More Here

Cobalt Battery Metals Lithium Nickel

Glencore, Managem partner to recover cobalt, lithium, nickel from recycled batteries

January 26, 2022January 26, 2022 admin

Diversified miners Glencore and Managem have entered into a partnership to produce cobalt from recycled cobalt, nickel and lithium at Managem’s Compagnie de Tifnout Tiranimine (CTT) hydrometallurgical refinery in Morocco. Glencore and CTT intend to enter into a five-year tolling agreement for 1 200 t/y of recycled cobalt, as well as nickel hydroxide and lithium carbonate. The partnership forms part of Glencore and Managem’s commitments to support the electric vehicle industry in achieving its metals recycling targets. The partnership is conditional on a feasibility study to assess the commercial viability of… Read More Here

Mining in Zambia Gemstones

Kagem signs 2022-2023 collective agreement with Zambian unions

January 26, 2022January 26, 2022 admin

Kagem Mining has signed a collective agreement with unions under which unionised employees will receive a 10% increase in basic salary for 2022, followed by a further 10% increase for 2023 across the board and those sitting between the grade notches will move up to the next notch. The company is owned 75% by London-based Gemfields in partnership with the Industrial Development Corporation (IDC), which holds 25% on behalf of the Zambian Government. The collective agreement, which has been approved by the Labour Commissioner (Lusaka), followed successful negotiations between management… Read More Here

Mining Careers Mining in Zambia

Mine Captain, Production – Load and Haul | MINING CAREER AT FQM, KALUMBILA, SOLWEZI, ZAMBIA

January 26, 2022January 26, 2022 admin

Requisition Number: JR4544| Country: Zambia | Contract Type: On-going| Location: Solwezi | Category: Mining Apply now PURPOSE To supervise mine crews, to ensure safety is managed, overall development performance is monitored and efficiency of mine workers engaged in surface mining operations. The position is responsible for continuous in-pit evaluation pertaining to practical compliance to all relevant procedures. In addition, the Mine Captain will assist the Production Superintendent in the enforcement of all provisions of Mine regulation (MR 208) in his area of responsibility. KEY RESPONSIBILITIES KPAs Effectively supervising the management of Safety, Health, Environment and Quality (SHEQ) in your area of… Read More Here

Mining in Zambia Mining Careers

QUANTITY SURVEYOR | MINING CAREER AT FQM, KALUMBILA, SOLWEZI, ZAMBIA

January 26, 2022January 26, 2022 admin

Requisition Number: JR4539| Country: Zambia | Contract Type: On-going| Location: Solwezi | Category: Engineering Apply now Purpose of the role: This role exists to assist in establishing accurate project budgets, reduce financial and non-financial risk, assist in mediation and avoid unnecessary and costly disputes. Key Responsibilities: Review architectural plans and prepare quantity needs. Estimate the quantity and costs of materials. Prepare contracts and documents. Set budgets for payments, inventory needs, and materials. Analyse costs for maintenance and additional building needs. Track changes in plans or constructions; update budgets. Negotiate with contractors and subcontractors. Hire and document contractors and subcontractors.… Read More Here

Equipment & Technology International Mining technology

Metso Outotec Winner of 2021 Mining Magazine Service and Support Award

January 26, 2022January 26, 2022 admin

Metso Outotec was voted the winner in the Service and Support category by one of the world’s leading industrial magazines, Mining Magazine, for the center launder upgrade project conducted at Hudbay Minerals Constancia site. In its annual awards, Mining Magazine recognizes the outstanding performance of new technologies, initiatives, and equipment in the mining sector in a variety of categories. Winners are nominated and voted on by Mining Magazine readers around the world. Metso Outotec and Hudbay collaborated to improve the performance of the rougher flotation at the Constancia mine site… Read More Here

Gold Mining Companies

Barrick Gold mines in Tanzania reach Tier One status

January 26, 2022January 26, 2022 admin

Barrick Gold said on Tuesday it had succeeded in taking its North Mara and Bulyanhulu gold mines in Tanzania from “moribund” to Tier One assets. Barrick, which took over the operations after re-acquiring Acacia Mining in September 2019, said they delivered a combined production of more than 500,000 ounces last year, which qualifies them as Tier One mines. To be considered in the top category, assets must have a reserve potential to deliver a minimum 10-year life, annual production of at least 500,000 ounces of gold and total cash costs per ounce over… Read More Here

Mining in DRC

DRC: mining royalty, 2.9 million USD collected in North Kivu between 2018 and 2020 (report)

January 25, 2022January 25, 2022 admin

With mostly artisanal mining, the province of North Kivu was still able to mobilize more than US$2,985,257.78 million in mining royalty revenue collected on production between 2018 and 2020. These revenues collected represent 1,824,444.09 million US dollars under the 15% quota reserved for the Decentralized Territorial Entities (ETD) and 1,160,813.69 million US dollars collected under the 25% quota returning to the province. . This is what emerges from the latest relaxed report 2018, 2019 and first half of 2020 of the Extractive Industries Transparency Initiative (EITI). “Data from the Provincial… Read More Here

Mining in DRC

DRC: in 2018, the mining sector generated USD 1.78 billion in public revenue (report)

January 25, 2022January 25, 2022 admin

The mining sector in the Democratic Republic of Congo (DRC) generated an estimated US$1.78 billion in government revenue during the year 2018. Compared to the revenue generated in 2017, this amount collected in 2018 increased by 9.1%. This is at least what emerges from the 2018, 2019 and 1st Quarter 2020 report of the Extractive Industries Transparency Initiative (ITIE DRC). According to this report, in 2019, a strong downward trend was observed in the mining sector to reach a peak in 2020 due to the consequences of the Covid-19 pandemic. A… Read More Here

Equipment & Technology Mining technology

Mining boosts Sandvik December quarter

January 25, 2022January 25, 2022 admin

Swedish engineering company Sandvik posted a positive December quarter, with strong demand for mining equipment boosting its numbers. Total order intake in the Sandvik Mining and Rock Solutions department grew by 52% year on year, of which organic growth accounted for 30%, chief executive Stefan Widing said. Sandvik also received a “record” number of orders for its AutoMine fleet and its Newtrax collision avoidance systems, he said. AutoMine orders came to 254 million Swedish crowns (USD 27 million), while Newtrax orders amounted to 155 million Swedish crowns (USD 16.6 million).… Read More Here