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Nigeria’s Ministry of Petroleum Resources Signs Partnership with African Energy

January 27, 2022January 28, 2022 admin

Nigeria’s Ministry of Petroleum Resources has fully endorsed African Energy Week (AEW) 2022, partnering with the AEC for the second edition of Africa’s premier energy event. Taking place in Cape Town on the 18th -21st of October, AEW 2022 extends on the narrative of making energy poverty history by 2030, uniting energy leaders, global financiers, and both public and private sector executives for a week of intense dialogue on Africa’s energy future. Having partnered with one of Africa’s energy sector heavyweights, the event is well positioned to lead Africa into… Read More Here

Energy Oil & Gas

Congo’s Gas Master Plan Promises to Expand Export Opportunities and Domestic Development

January 27, 2022January 27, 2022 admin

In a bid to optimize the country’s gas potential and revitalize its hydrocarbons sector, the Congo has put together and launched, at the end of 2021, a plan to put its estimated 10 trillion cubic feet of natural gas reserves to good use. The new Gas Master Plan (GMP) is designed to promote gas utilization and attract foreign direct investment, while reducing its dependency on oil revenues and expanding the country’s power grid. Developed by the Ministry of Hydrocarbons and Wood Mackenzie, guided by Société Nationale des Pétroles du Congo… Read More Here

International Gold

Gold price holds 2-month high ahead of Fed announcement

January 27, 2022January 27, 2022 admin

Gold prices retreated but still held near a two-month high on Wednesday, as investors await the outcome of a US Federal Reserve meeting that may offer more clues on the outlook for monetary policy tightening. Spot gold declined 0.8% to $1,833.15/oz by noon EDT, its highest since mid-November. US gold futures fell 1.0%, trading at $1,832.70/oz in New York. Later in the day, Fed chair Jerome Powell and his fellow policymakers are expected to signal their first interest-rate hike since 2018, setting the stage for a March move to cool inflation. The Federal… Read More Here

Equipment & Technology Mining technology

Epiroc posts 17% increase in operating profit

January 27, 2022January 27, 2022 admin

Swedish mining equipment manufacturer Epiroc has posted a 17% increase to 2.59 billion crowns (USD 280 million) in its operating profit for the December quarter. Epiroc saw orders increase by 25% to 11.6 billion Swedish crowns, and recorded an organic growth of 19% in Service and 16% in Tools and Attachments. Mining equipment orders also increased 20% organically. North America had the highest growth rate for equipment orders. Revenues hit a record 11.2 billion Swedish crowns, increasing 14% year-on-year. “Revenues increased and both operating profit and margin reached new records,… Read More Here

Iron Ore International Mining Companies

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