You are here

Written by 

DRC: copper, zinc, gold and silver on the rise in the market during this week from January 10 to 15, 2022 1 Copper Gold Mining in DRC Zinc 

DRC: copper, zinc, gold and silver on the rise in the market during this week from January 10 to 15, 2022

admin
The main export minerals from the Democratic Republic of the Congo are on the rise on the international market during this week from January 10 to 15, 2022, according to projections by experts from the National Mercurial Commission, a department of the Ministry of Foreign Trade. . Copper is trading this week at $ 9,706.40 per tonne versus $ 9,600.50 last week, a positive price spread of $ 105.9. Zinc is also up to $ 3,624.40 per tonne from $ 351.65 last week, showing a positive price differential of $… Read More Here
Tesla sold a record 70,847 China-made vehicles in December 2 Battery Metals International 

Tesla sold a record 70,847 China-made vehicles in December

admin
U.S. electric vehicle maker Tesla Inc sold 70,847 China-made vehicles in December, the highest monthly rate since it started manufacturing in Shanghai in 2019, data from the China Passenger Car Association (CPCA) showed on Tuesday. Tesla’s December sales, which included 245 for export, were almost three times the amount achieved in the same month last year and 34% higher than November’s sales.  It also brought Tesla’s total sales of China-made cars for last year to at least 473,078, according to Reuters’ calculations of CPCA’s data, which prior to April did… Read More Here
Kagem optimistic about Zambia’s gemstone future 3 Gemstones Mining in Zambia 

Kagem optimistic about Zambia’s gemstone future

admin
Gemstone miner Kagem Mining has reinforced the Zambian government’s optimistic outlook for the future of Zambia’s gemstone and wider mining sector. Kagem on January 7 hosted Mines and Minerals Development Minister Paul C Kabuswe at its mine site in Lufwanyama as he toured the gemstone-rich district to gain a better understanding of the operations and activities in the area. The Kagem emerald mine is 75%-owned by London-listed Gemfields, in partnership with the Zambian government’s Industrial Development Corporation (IDC), which owns 25%. Kabuswe noted that now more than ever – and in light… Read More Here
Gold gains as dollar, yields ease; traders focus on U.S. inflation data 4 Gold International 

Gold gains as dollar, yields ease; traders focus on U.S. inflation data

admin
Gold prices rose on Tuesday, supported by a weaker U.S. dollar and Treasury yields, as traders awaited December inflation data and weighed bets for quicker interest rate hikes by the Federal Reserve. Spot gold rose 0.4% to $1,809.22 per ounce by 0723 GMT. U.S. gold futures were up 0.6% to $1,808.80. “Pullback in both the U.S. dollar and 10-year treasury yields are supporting gold prices, but the fact that markets are still seeing three to four interest rate hikes this year is limiting the upside potential,” said Margaret Yang, a… Read More Here
DRC: Busanga becomes the first hydroelectric dam in Katanga thanks to SICOMINES SA 5 Mining in DRC Energy 

DRC: Busanga becomes the first hydroelectric dam in Katanga thanks to SICOMINES SA

admin1 Comment
If it could be told, the story would say that there once was, in the heart of the country-continent called “Democratic Republic of Congo”, a hydroelectric power station which had been built 110 km from Kolwezi, capital of Lualaba, one of the four provinces forming the Grand Katanga considered as the mining lung of the country. “This project is a support for the SICOMINES mining project resulting from the Collaboration Agreement between the DRC and China to build infrastructure for socio-economic development in the DRC. It is also the first major… Read More Here
Mining contractor for Bibiani gold mine announced 6 Gold 

Mining contractor for Bibiani gold mine announced

admin
CSE-listed Asante Gold Corporation has appointed PW Mining (Ghana) to conduct mining activities at its Bibiani Mine. Open pit mining operations will start in February, to include development of satellite pits and provide feed material to the Process Plant from Q2 2022. Main pit development, to its planned ultimate +350 metres depth in 2029, includes a 4-stage cut back programme.  Total material movement will be up to 75 Mtpa.  PW Mining will mobilise up to 125 units of heavy equipment, including drills, excavators, haulage trucks, bulldozers, and ancillary equipment. Site establishment includes… Read More Here
Alphamin’s tin output up 10% q/q, cash up 6 486% 7 Mining in DRC Tin 

Alphamin’s tin output up 10% q/q, cash up 6 486%

admin
JSE- and TSX-V-listed tin miner Alphamin Resources, which owns and operates the Mpama North mine in the Democratic Republic of Congo, increased its contained tin production by 10% quarter-on-quarter to 3 114 t in the fourth quarter ended December 31. A producer of 4% of the world’s mined tin, the miner also increased its contained tin sales during the period by 13% to 3 056 t, while its earnings before interest, taxes, depreciation and amortisation guidance was a record $74-million – up 38% from the third quarter. Quarter-on-quarter, Alphamin’s net cash increased… Read More Here
Barrick says Mali mines unaffected by ECOWAS sanctions 8 Mining Companies 

Barrick says Mali mines unaffected by ECOWAS sanctions

admin
Barrick Gold, which owns Mali’s biggest gold mine complex Loulo-Gounkoto, said on Monday its mines in the country have “thus far not been affected” by sanctions imposed by the Economic Community of West African States. The 15-state regional bloc imposed tough economic sanctions, and said it would also shut borders and sever diplomatic ties, in response to Mali’s delay in holding elections following a 2020 military coup. Barrick said its mines had sufficient stocks and stores to continue operating normally, adding however that the situation was “very fluid” and it was… Read More Here
Ivanhoe Mines Provides 2022 Production and Cost Guidance for Kamoa-Kakula Copper Complex 9 Copper Mining in DRC New Mining Projects 

Ivanhoe Mines Provides 2022 Production and Cost Guidance for Kamoa-Kakula Copper Complex

admin
 Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Executive Co-Chair Robert Friedland announced today, ahead of the inaugural Future Minerals Forum, that the 2022 annual production guidance for the Kamoa-Kakula Copper Complex in the Democratic Republic of Congo (DRC) is between 290,000 and 340,000 tonnes of copper in concentrate. The figures are on a 100%-project basis and metal reported in concentrate is prior to refining losses or deductions associated with smelter terms. The guidance range for cash costs (C1) per pound of payable copper in 2022 is between $1.20 and $1.40 per pound of payable copper. Cash… Read More Here
First Quantum sets out vaccination policy for Zambia mines 10 Mining in Zambia Safety & Health 

First Quantum sets out vaccination policy for Zambia mines

admin
First Quantum Minerals has clarified Covid-19 vaccination protocols at its Kansanshi mine, in Solwezi, and its Sentinel mine, in Kalumbila, both in Zambia. It is also calling on all citizens to be vaccinated, in support of the Zambian government’s efforts to drive vaccination rates in the country. The protocols are aimed at encouraging all employees and contractors to be vaccinated, while also respecting everyone’s right to decide whether they get vaccinated. The company will require those working in close proximity to others to be vaccinated. Only those who are vaccinated will be… Read More Here

You have successfully subscribed to the newsletter

There was an error while trying to send your request. Please try again.

Copperbelt Katanga Mining will use the information you provide on this form to be in touch with you and to provide updates and marketing.