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Gold nears two-month high as Russia-Ukraine tensions simmer 1 Gold International 

Gold nears two-month high as Russia-Ukraine tensions simmer

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Gold prices advanced towards last week’s two-month high on Monday as US bond yields continued to fall and investors looked to invest in the safe-haven metal over concerns about tensions between Russia and Ukraine. Spot gold was 0.5% higher at $1 841.50 per ounce by 10:13 GMT, holding close to last week’s high of $1 847.42 an ounce. US gold futures rose an equal amount to $1 840.70. Investors are looking towards the US Federal Reserve’s two-day policy meeting starting on Tuesday. The Fed is expected tighten monetary policy at a much… Read More Here
DRC: government launches the work of the multisectoral workshop for the development of the National Directory of Natural Resources” 2 Mining in DRC 

DRC: government launches the work of the multisectoral workshop for the development of the National Directory of Natural Resources”

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Launch this Tuesday, January 18, 2022 by Prime Minister Jean-Michel Sama Lukonde Kyenge of the Multisectoral Workshop for the development of the National Directory of Renewable and Non-Renewable Natural Resources of the Soil and Subsoil of the Democratic Republic of Congo. Organized by the Ministry of Territorial Development, it will be a question of establishing for each natural resource, its location, its commercial potential, its quality and content, the existing value chains, the actors involved in the exploitation, the use and marketing, inventory of resource reserves. In his word, the… Read More Here
New high-grade lode discovery at Kibali excites Barrick CEO 3 Gold Mining Companies Mining in DRC 

New high-grade lode discovery at Kibali excites Barrick CEO

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Gold miner Barrick Gold revealed at a media briefing in Kinshasa, in the Democratic Republic of Congo (DRC), on January 21, that underground drilling at the Kibali gold mine’s KCD orebody was defining a new high-grade lode above the base of the existing shaft infrastructure.  Barrick president and CEO Mark Bristow said this was an “exciting discovery”, which could add an entirely new orebody to the existing KCD series of orebodies. He said exploration and resource conversion would continue this year to extend the life of the mine. The Kibali gold mine… Read More Here
China's Zijin Mining launches first lithium exploration project in DRC 4 Mining in DRC Lithium 

China’s Zijin Mining launches first lithium exploration project in DRC

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China’s Zijin Mining Group Co. Ltd said on Monday it had officially launched its first lithium exploration project through a joint venture with Democratic Republic of Congo- (DRC-) owned firm Cominiere. The joint venture, called Katamba Mining, has secured mining rights to two greenfield exploration and mining projects at the periphery of the Manono lithium mine in the DRC, “in order to enhance Zijin’s competitiveness in new energy minerals,” the miner said in a statement. Manono lithium mine is controlled by Australia’s AVZ Minerals, and the mine’s reserves of lithium… Read More Here
DRC: Haut-Uélé, only 13.4 million USD paid in mining royalties in two and a half years (report) 5 Mining in DRC 

DRC: Haut-Uélé, only 13.4 million USD paid in mining royalties in two and a half years (report)

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A total of 13,403,250.40 million US dollars were regularly paid to the public treasury of the Democratic Republic of Congo by mining companies operating in the province of Haut-Uélé between the year 2018 and the first half of the year 2020 . With a single mining operator, the province of Haut-Uélé mobilized a total amount of 13.4 million US dollars in mining royalties in two and a half years. This is what the 2018, 2019 and 1st Quarter 2020 Softened Report of the Extractive Industries Transparency Initiative (ITIE DRC) provides.… Read More Here
DRC: Haut-Katanga, only USD 27.3 million was paid in mining royalties between 2018 and the end of August 2020 (report) 6 Mining in DRC Mining Companies 

DRC: Haut-Katanga, only USD 27.3 million was paid in mining royalties between 2018 and the end of August 2020 (report)

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Between the year 2018 and the first half of the year 2020, sixteen (16) mining companies operating in the province of Haut-Katanga, in the Democratic Republic of Congo (DRC) only paid a total amount of 27,315 US$0.16.38 million for mining royalty. This is what emerges from the 2018, 2019 and 1st Quarter 2020 Softer Report of the Extractive Industries Transparency Initiative (ITIE DRC). These sixteen mining companies are, according to this report, distributed in 7 territories of the said province. They paid to the plate services of the Democratic Republic of… Read More Here
DRC: out of more than 149.3 million USD expected, FOMIN only received 31.6 million of the 10% quota on the mining royalty between 2018 and 2020 7 Mining in DRC 

DRC: out of more than 149.3 million USD expected, FOMIN only received 31.6 million of the 10% quota on the mining royalty between 2018 and 2020

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Between 2018 and June 2020, the Mining Fund for Future Generations (FOMIN) received only 31.6 million US dollars out of a total amount of 149.3 million US dollars projected under the 10% quota of the mining royalty reserved for it in view of its missions. During the period under review, the total of the 10% portion of the mining royalty reserved for FOMIN was expected to amount to 149,317,711 USD. However, the amount actually collected is 31,667,590 USD, representing an execution rate of 21%. This is what the latest 2018, 2019 and… Read More Here
HEAVY DUTY MECHANIC | MINING CAREERS AT BARRICK LUMWANA, ZAMBIA 8 Uncategorized 

HEAVY DUTY MECHANIC | MINING CAREERS AT BARRICK LUMWANA, ZAMBIA

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Category: Maintenance| Requisition number: 094661| Location: Lumwana Mine, Kalumbila Zambia. | Report:  Shift Supervisor-Shovels Apply now Position: Heavy Duty Mechanic Lumwana Mine, Kalumbila, Zambia. Reporting to: Shift Supervisor – Shovels Lumwana Mining Company Limited (LMC), a copper mining company owned by Barrick Gold Corporation is situated in the North Western region of Zambia, some 300 km west of the Zambian Copperbelt and 95 km south west of the provincial capital of Solwezi. The mine is a multi-pit, multi staged operation mining approximately 100MT of ore and waste per annum and producing copper concentrates containing an average… Read More Here
BOILERMAKER | MINING CAREERS AT BARRICK LUMWANA, ZAMBIA 9 Mining Careers Mining in Zambia 

BOILERMAKER | MINING CAREERS AT BARRICK LUMWANA, ZAMBIA

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Category: Maintenance| Requisition number: 094663| Location: Lumwana Mine, Kalumbila Zambia. | Report:  Supervisor-Shift Apply now Lumwana Mining Company Limited (LMC), a copper mining company owned by Barrick Gold Corporation is situated in the North Western region of Zambia, some 300 km west of the Zambian Copperbelt and 95 km south west of the provincial capital of Solwezi. The mine is a multi-pit, multi staged operation mining approximately 100MT of ore and waste per annum and producing copper concentrates containing an average of 120,000 tonnes of copper metal per year over a twenty (20) year mine life,… Read More Here
BME’s AXXIS Titanium™ initiates record blast in SA 10 Mining technology 

BME’s AXXIS Titanium™ initiates record blast in SA

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Another record-breaking blast has been notched up by Omnia Group company BME using its latest generation AXXIS Titanium electronic detonation system. The blast of 5,209 detonators was conducted recently at a chrome mine in South Africa’s North West province, according to Tinus Brits, BME’s Global Product Manager – AXXIS. Brits highlighted how the enhanced features of AXXIS Titanium allows mines to respond quickly and easily to raised production demands. “While a record blast is always an achievement to be celebrated, this was a standard production blast requiring nothing different or… Read More Here

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