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GoviEx encourages African uranium-producing countries to seize market opportunity

January 17, 2022January 17, 2022 admin

The mining company GoviEx Uranium, active in Niger, Zambia and Mali, considered that the recent social unrest in Kazakhstan represents an opportunity to be seized for African uranium-producing countries. Indeed, Kazakhstan is a key player in the uranium market with 40% of the world supply. But the country is sinking into a social crisis following the riots that broke out at the start of 2022, at the risk of creating disruptions in its uranium supply chain. This type of situation may, however, encourage buyers to diversify their sources of supply, with… Read More Here

Equipment & Technology Mining technology

Metso Outotec to start next phase in the development of its Metals business

January 17, 2022January 17, 2022 admin

Metso Outotec will take the next structural development steps in its business portfolio, following the completed integration of its Minerals business and the successful turnaround of its Metals business. Metso is a process technology, equipment and services company serving the minerals, metals and aggregates industries. The company plans to change its business area structure and related reporting segments by transferring the Hydrometallurgy business from Metals to Minerals. The objective of the change is to accelerate Metso’s profitable growth in the minerals processing industry by more efficiently leveraging the opportunities and… Read More Here

Equipment & Technology Mining technology

Hitachi to sell half its digger unit stake for $1.6 billion

January 14, 2022January 14, 2022 admin

Japanese industrial conglomerate Hitachi Ltd. will sell about half of its stake in its construction machinery unit to a group including Itochu Corp. for 182.5 billion yen ($1.6 billion). The company will sell a 26.1% holding in Hitachi Construction Machinery Co. for 3,300 yen a share in June, Tokyo-based Hitachi Ltd. said Friday in a statement. That’s a premium to its closing price of 2,976 yen. Hitachi will retain a 25.4% stake after the sale, which also includes Japan Industrial Partners Inc. as a buyer. For Hitachi, the sale is… Read More Here

Mining Careers Mining in Zambia

ARTISAN HER- EXCAVATORS | MINING CAREER AT FQM, KALUMBILA, SOLWEZI, ZAMBIA

January 14, 2022January 14, 2022 admin

Requisition Number: JR4493| Country: Zambia | Contract Type: On-going| Location: Solwezi | Category: Mining Apply now Job Purpose To safely execute all maintenance repairs on all heavy equipment on site according to the prescribed standards while ensuring the safety of self and others. Responsibilities Maintains diesel equipment operation by completing inspections and preventive maintenance requirements. Examine parts for damage or excessive wear, using micrometers and gauges Keeps equipment available for use by inspecting and testing vehicles; completing preventive maintenance such as, engine tune-ups, oil changes, tire rotation and changes, wheel balancing, replacing filters. Diagnose faults or malfunctions to determine… Read More Here

Mining Careers

ARTISAN HER- TRUCKS | MINING CAREER AT FQM, KALUMBILA, SOLWEZI, ZAMBIA

January 14, 2022January 14, 2022 admin

Requisition Number: JR4458| Country: Zambia | Contract Type: On-going| Location: Solwezi | Category: Mining Apply now Job Purpose To safely execute maintenance work according to the prescribed standards while ensuring the safety of self and others Responsibilities Keeps equipment available for use by inspecting and testing vehicles; completing preventive maintenance such as, engine tune-ups, oil changes, tire rotation and changes, wheel balancing, replacing filters. Maintains vehicle functional condition by listening to operator complaints; conducting inspections; repairing engine failures; repairing mechanical and electrical systems malfunctions; replacing parts and components; repairing body damage. Verifies vehicle serviceability by conducting test drives; adjusting… Read More Here

Mining in DRC Mining Companies

DRC: The mining royalty paid by companies amounted to 951.42 million USD for the first half from 2018-2020

January 14, 2022January 14, 2022 admin

From 2018 to the first half of 2020, the mining royalty paid by companies working in this sector to the Public Treasury, the Mining Fund for Future Generations (FOMIN), the Provinces and Decentralized Territorial Entities (ETD) amounted to 951.42 million of US dollars. Of the total amount paid by companies, 589.5 million USD was paid to the National Public Treasury, 225.1 million USD paid to the Provinces and 112.5 million USD collected by the Decentralized Territorial Entities. This is what emerges from the Relaxed Report 2018, 2019 and 1st Quarter 2020… Read More Here

Copper Mining in Zambia

Galileo starts reviewing data on newly acquired Zambian project

January 14, 2022January 16, 2022 admin

London-listed Galileo Resources has asked independent consultants Addison Mining Services and GeoQuest to start compiling historical drilling data on the Luansobe copper project, in Zambia. Preliminary analysis suggests the deposit has a strike length of up to 3 km and extends to a depth of at least 1 250 m, with some exceptional drill intercepts, including 18.6 m grading 3.24% copper. Once the consultancies have completed their review, Galileo will design a drill programme to upgrade the 1974 resource, which estimated that the deposit contains 20-million tonnes grading 2.51% copper. The company has already prepared a shortlist of local drilling contractors and intends on pursuing two… Read More Here

Equipment & Technology International Mining technology

MGX and Metso Outotec strike silicon deal

January 14, 2022January 14, 2022 admin

The company said Metso Outotec had been tasked with providing design, equipment and mechanical engineering to process high-grade silica MGX Minerals, a Canada-based mining and technology company, has signed an agreement with Finnish engineering equipment provider Metso Outotec to upgrade its silicon project in British Columbia. The company said Metso Outotec had been tasked with providing design, equipment and mechanical engineering to process high-grade silica from its Gibraltar silica deposit into silicon metal. The company said the primary piece of process equipment would be a submerged arc furnace. The electric… Read More Here

Diamond

Botswana Diamonds shares shoot up on Thorny River potential

January 14, 2022January 14, 2022 admin

Shares in Botswana Diamonds soared on Wednesday after the company revealed that its Thorny River project in South Africa was likely to hold kimberlite volumes “considerably better than expected.” The stock rose as much as 19%, reaching 1.1p each in early morning trade, and, while it lost some of the gains, it was still trading almost 11% at 1.02p by mid-afternoon. That put the company market capitalization at £8.71 million (almost $12m). Botswana Diamonds said that following a preliminary assessment of Thorny River’s kimberlite potential, it estimated the asset hosts about 2… Read More Here