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Gold price slides to 1-week low on hawkish Fed signal 1 Gold International 

Gold price slides to 1-week low on hawkish Fed signal

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Gold prices slid to a one-week low on Thursday, pressured by a rallying dollar and bond yields after the US Federal Reserve signalled quicker increases to interest rates. Spot gold declined 1.1% to $1,789.20 an ounce by 12:10 p.m. EDT, its lowest since Dec. 29. US gold futures on the Comex were down nearly 2.0%, trading at $1,789.00 an ounce. The Fed minutes released on Wednesday showed officials had discussed shrinking the central bank’s overall asset holdings, as well as raising rates sooner than expected to fight inflation. As a result, the… Read More Here
Copper price set for the biggest weekly decline since November 2 Copper International 

Copper price set for the biggest weekly decline since November

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Copper price rose on Friday, supported by a rebound in equities and tight supply, but a firmer dollar and expectations of an early US interest rate hike kept the metal on track for its biggest weekly decline since November. March delivery contracts were exchanging hands for $4.39 a pound ($9,658 a tonne) on the Comex market in New York, up 0.9% compared to Thursday’s closing. The most-traded February copper contract on the Shanghai Futures Exchange was down 0.5% at 69,560 yuan ($10,910.69) a tonne. “Market sentiment improved a little bit… Read More Here
Osino acquires Namibia gold project from B2Gold for $15.2m 3 Gold 

Osino acquires Namibia gold project from B2Gold for $15.2m

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Gold exploration and development company Osino Resources has entered into an agreement to acquire the Ondundu gold exploration property, in Namibia, from TSX-listed B2Gold for $15.2-million. The Ondundu gold project is located 250 km northwest of Windhoek. “We believe this is a highly accretive transaction for Osino, as it provides significant additional scale, diversification and consolidation of Osino’s Namibian projects. “We plan to build on the excellent exploration and resource development work B2Gold completed over the past six years and to quickly advance the project to compliant resource stage,” says Osino president and CEO Heye Daun. “Based on the project’s historical exploration and analysis, we believe the project has the type of mineralisation with potential… Read More Here
DRC: Félix Tshisekedi's stops interventionism by Minister of Finance in Tenke Fungurume's reserve assessment file 4 Mining in DRC Mining Companies 

DRC: Félix Tshisekedi’s stops interventionism by Minister of Finance in Tenke Fungurume’s reserve assessment file

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The presidency of the Democratic Republic of the Congo, through the director of cabinet Guylain Nyembo, acting as president of the ad hoc committee set up by the Head of State with the aim of evaluating the partnership between CMOC (Chinan Molybdenum Co ) and Gécamines through the Tenke Fungurume joint venture, in a correspondence dated January 3, 2022 addressed to the CEO of CMOC, made an update and at the same time reframed the Minister of Finance, Nicolas Kazadi, who interfered in this matter. “It is with regret and… Read More Here
Red Rock records encouraging drill results at Kenya gold project 5 Drilling 

Red Rock records encouraging drill results at Kenya gold project

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Natural resource development company Red Rock Resources has announced encouraging results from the first batch of 950 samples from its recently completed 2021 Phase 1 reverse circulation (RC) drilling exploration programme in the mid-KKM prospect at the Mikei gold project (MGP) in Kenya. Chairperson Andrew Bell says the first nine holes were extremely encouraging, and take the company some way towards its objectives for the programme. Seven of the drill holes intercepted gold mineralisation, including five at good grades, he highlights. A total of 20 drill holes totalling 2 093 m were… Read More Here
First Quantum adds GM leader development programme to Zambia initiatives 6 Mining in Zambia Mining Companies 

First Quantum adds GM leader development programme to Zambia initiatives

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TSX-listed First Quantum Minerals has embarked on a new GM Leadership Development Programme in Zambia to mould talented staff into capable leaders. This is expected to build on the success of the mining company’s CEO training programme that saw seven talented employees receive mentorship and training in senior management roles to drive long-term sustainable growth. “Twenty years ago, First Quantum had copper output of about 10 000 t/y and, as of 2020, we are producing more than 779 000 t, which shows the rapid rate at which we are growing. What has also become clear over the years is that… Read More Here
FLOTATION OPERATOR | MINING CAREER AT FQM, KALUMBILA, SOLWEZI, ZAMBIA 7 Mining Careers Mining in Zambia 

FLOTATION OPERATOR | MINING CAREER AT FQM, KALUMBILA, SOLWEZI, ZAMBIA

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Requisition Number: JR4371| Country: Zambia | Contract Type: On-going| Location: Solwezi | Category: Process Apply now Overall Job Purpose To ensure that all reagents are dosed to the flotation circuit to enable maximum extraction of copper from the ore processed. To do this while keeping people safe, protecting the equipment, and ensuring that no discharges occur to environment Specific Job Responsibility Area of accountability is the reagent delivery systems from point of offtake at the discharge side of reagent delivery pumps, to point of delivery to the process. Specific systems include pH modifier (lime), activator (NaSH or Na2S), collector… Read More Here
OPERATOR, KOMATSU 860/960 RIGID HAUL TRUCK | MINING CAREER AT FQM, KALUMBILA, SOLWEZI, ZAMBIA 8 Mining Careers Mining in Zambia 

OPERATOR, KOMATSU 860/960 RIGID HAUL TRUCK | MINING CAREER AT FQM, KALUMBILA, SOLWEZI, ZAMBIA

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Requisition Number: JR4444| Country: Zambia | Contract Type: On-going| Location: Solwezi | Category: Mining Apply now Purpose of Role Reporting to the Area Supervisor, the 860/960 Operator is responsible for the safe and efficient operation of the Haul Truck to haul material to designated locations. Specific Job Responsibility The specific tasks to be performed by the position holder will include; Conduct pre start and post inspection of a Truck. Ensuring that the house keeping of the truck is maintained to good standard Ensuring that the truck operation KPIs are being achieved in a safe manner Report any machine defects… Read More Here
ARTISAN FITTER | MINING CAREER AT FQM, KALUMBILA, SOLWEZI, ZAMBIA 9 Mining Careers Mining in Zambia 

ARTISAN FITTER | MINING CAREER AT FQM, KALUMBILA, SOLWEZI, ZAMBIA

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Requisition Number: JR4394| Country: Zambia | Contract Type: On-going| Location: Solwezi | Category: Mining Apply now Purpose of the role: The position of the fitter is to maximize plant availability through, maintaining the operational integrity of the plant & equipment in order to achieve production targets. Reporting directly to the Mechanical Supervisor, you shall be responsible for providing the highest quality services and that all services provided are performed within a safe and timely manner​. Key Duties and Responsibilities: Perform all plant maintenance tasks in a safe, timely and to a high quality and preventing any rework. Be a… Read More Here

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