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Copper price stable as omicron concerns ease 1 Copper International 

Copper price stable as omicron concerns ease

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The copper price was stable on Wednesday as concerns about the new omicron coronavirus variant that has rattled market sentiment in recent days eased. Copper for delivery in March was down 0.3% on the Comex market in New York, touching $4.26 per pound ($9,372 per tonne).  The most-traded January copper contract on the Shanghai Futures Exchange eased 0.4% to 69,560 yuan ($10,932.98) a tonne. The European Union drug regulator said on Tuesday existing covid-19 vaccines would provide protection against omicron, calming markets shaken by Moderna CEO saying existing shots would be… Read More Here
Metso Outotec unveils virtual inspection tool 2 Equipment & Technology Mining technology 

Metso Outotec unveils virtual inspection tool

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Metso Outotec will launch a virtual inspection tool for horizontal grinding mill linings, which it said will enable more efficient and safer technical decision-making. According to the company, the technology will allow scanned mill linings to be viewed in virtual reality and improve the efficiency and safety of its aftermarket services through advanced wear-part analysis. Additionally, the technology reduces the need to travel to sites and make inspections in possibly dangerous environments, which Metso Outotec said cuts carbon emissions in manufacturing and transportation. Lars Furtenbach, research and technology development manager… Read More Here
Congo State cobalt monopoly aims to start buying in January 3 Cobalt Mining in DRC 

Congo State cobalt monopoly aims to start buying in January

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Democratic Republic of Congo’s state cobalt monopoly plans to start buying artisanal cobalt in January, its CEO Jean-Dominique Takis said in an interview at the Reuters Next conference, as the world’s biggest producer of the metal tries to ramp up revenue. Cobalt, which is trading at around $62 000 a tonne, is used in many of the batteries that power electric vehicles, sales of which are expected to soar as the world strives to cut carbon emissions. The Congo set up Entreprise Generale du Cobalt (EGC) to buy, process, and market all the artisanal… Read More Here
DRC: Reinforcement of security measures around Shinkolobwe, a mining site rich in uranium 4 Mining in DRC Uranium 

DRC: Reinforcement of security measures around Shinkolobwe, a mining site rich in uranium

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The work to secure the Shinkolobwe mining site located in the territory of Kambove and rich in uranium in Haut-Katanga is continuing. It is in this context that the head of the provincial executive went to the place on Tuesday to reassure himself not only of the progress of the work but also of the security around the Shinkolobwe site, 150 km from Lubumbashi.  “At this point, it must be said that we are satisfied with the work that is being done here and it also proves that the Shinkolobwe… Read More Here
Gold climbs as Moderna CEO's warning rattles risk appetite 5 Gold International 

Gold climbs as Moderna CEO’s warning rattles risk appetite

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Gold climbed higher on Tuesday as investors sought safe havens again after Moderna’s CEO warned Covid-19 vaccines were likely to be less effective against the Omicron variant, putting bullion on course for a second straight monthly gain. Spot gold rose 0.4% to $1 792.23 per ounce by 1255 GMT, while US gold futures advanced 0.5% to $1 794.70. The Moderna chief’s comments rattled financial markets, leading to a slide in European equities. The US dollar index also fell 0.6%, helping gold’s advance by making it a cheaper bet for overseas buyers, while U.S. benchmark 10-year Treasury yields hit their… Read More Here
Botswana’s Debswana diamond sales jump 73% in first nine months of 2021 6 Diamond 

Botswana’s Debswana diamond sales jump 73% in first nine months of 2021

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Sales of rough diamonds by Debswana Diamond Company jumped 73% in the first nine months of 2021, statistics released by the Bank of Botswana showed on Tuesday, driven by the reopening of U.S. and China’s consumer markets. Debswana, a joint venture between Anglo American business De Beers and the Botswana government, sells 75% of its output to De Beers, with the balance taken up by state-owned Okavango Diamond Company. Debswana sales fell by 30% in 2020 as the covid-19 pandemic hit demand while global travel restrictions hurt trading. Botswana closed… Read More Here
Metso Outotec launches Horizontal Mill Plant 7 Equipment & Technology Mining technology 

Metso Outotec launches Horizontal Mill Plant

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Metso Outotec will launch Horizontal Mill Plant Units as part of its efforts to improve its customers’ efficiency and cut carbon emissions. The company said the pre-engineered plant units provide optimised grinding performance and simplify project management through easy circuit selection and flowsheet implementation. Additionally, they ensure safe operability and maintainability, which the company attributed to their “state-of-the-art design.” The company explained that the plant units would feature “industry-leading technologies, including grinding mills, slurry pumps, hydrocyclones, conveying equipment, automation, and service support. Fernando Marques, global product manager at Metso Outotec,… Read More Here
Copper under pressure on Omicron uncertainty 8 Copper International 

Copper under pressure on Omicron uncertainty

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Copper prices came under pressure on Tuesday due to worries about the Omicron coronavirus variant and its impact on demand and growth, but above consensus manufacturing data from top consumer China and low stocks limited the losses. Benchmark copper on the London Metal Exchange traded down 0.8% at $9,505 a tonne in official rings. “While the severity of the new variant remains a big uncertainty, it casts a shadow over demand growth in the near future and further complicates the supply chain,” said ING analyst Wenyu Yao. “For most LME metals,… Read More Here
What do next year’s changes to the mining tax regime actually mean for Zambians? 9 Taxes Mining in Zambia Mining tax 

What do next year’s changes to the mining tax regime actually mean for Zambians?

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Making Zambia a more attractive destination for investment is the number one shared priority of Zambia’s brightest financial brains. Investment in the country’s mining sector, in particular, has the enormous potential of putting Zambia back on a growth trajectory, with the direct economic benefits from new and expanded mining operations second only to the economic multiplier effects that can support and sustain generations of upwardly mobile Zambians, when the environment is right. Experts agree: Harnessing the potential of this critical sector requires that Zambia urgently implement global best practices, without… Read More Here
ARTISAN, AIR CONDITIONING-AUTO ELECTRICAL | MINING CAREER AT FQM, KALUMBILA, SOLWEZI, ZAMBIA 10 Mining Careers Mining in Zambia 

ARTISAN, AIR CONDITIONING-AUTO ELECTRICAL | MINING CAREER AT FQM, KALUMBILA, SOLWEZI, ZAMBIA

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Requisition Number: JR4183| Country: Zambia | Contract Type: On-going| Location: Solwezi | Category: Engineering 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 Responsible for installing, inspecting, Maintaining and repairing air-conditioning and ventilating equipment. Design controls to make sure that air-conditioning and ventilating equipment operate efficiently and continuously. Perform regular maintenance work on cooling units. Diagnose electrical and mechanical defects and malfunctions Using tools and testing instruments. Install, replace or repair equipment that has been damaged due to… Read More Here

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