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DRC to end Glencore export of raw cobalt 1 Cobalt Governance Mining in DRC 

DRC to end Glencore export of raw cobalt

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The Deputy Prime Minister of the Democratic Republic of Congo (DRC) has told Swiss delegates at the COP26 climate conference in Glasgow that her country will no longer accept the export of its raw materials, notably cobalt, by commodities giant Glencore. “The raw materials belong to us,” said Eve Bazaiba, who is also the DRC’s environment minister, in an interview with news platform Geneva. “They will now have to be processed locally.” Bazaiba said the DRC wanted a more equal trade partnership in raw materials with Switzerland. She transmitted this message… Read More Here
Gold pauses after six-day rally as yields regain upper hand 2 Gold International 

Gold pauses after six-day rally as yields regain upper hand

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Gold slipped on Friday as some investors locked in profits from a six-session long streak of gains, and an uptick in US bond yields cooled safe-haven inflows into bullion driven by inflation worries. Spot gold fell 0.7% to $1 849.36 per ounce by 11:57 GMT, after hitting a five-month peak on Wednesday. US gold futures dropped 0.7% to $1 851.00. “Gold prices had gained due to a combination of factors. But if yields do continue to rise, the metal is probably not going to go much higher,” said Michael Hewson, chief market analyst at CMC Markets UK,… Read More Here
Didier Budimbu promises to support oil companies ready to invest in this sector- DRC 3 Mining in DRC Oil & Gas 

Didier Budimbu promises to support oil companies ready to invest in this sector- DRC

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The Minister of Hydrocarbons, Me Didier Budimbu, took part from November 10 to 11, 2021 in the 27th edition of Africa Oil Week held in Dubai in the United Arab Emirates. The day before the end of this meeting which brought together oil operators in particular, Didier Budimbu presented to Madinat Jumeirah (part of this meeting) the investment opportunities offered by the Democratic Republic of the Congo in the oil sector. . Didier Budimbu took this opportunity to announce to oil and gas investors that he is ready to support… Read More Here
Newmont Mining forms net-zero partnership with Caterpillar 4 Equipment & Technology International Mining technology 

Newmont Mining forms net-zero partnership with Caterpillar

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US-based gold producer Newmont Mining has collaborated with mining equipment manufacturer Caterpillar to deliver a zero-emissions mining system to improve safety and productivity in the industry. The collaboration will contribute to Newmont’s greenhouse gas (GHG) emissions reduction targets. Newmont previously pledged to reduce more than 30% of its GHG emissions by 2030 and achieve net-zero carbon operations by 2050. The partnership will enable the two firms to validate equipment, infrastructure, technologies and processes that would help transform surface and underground mining operations. As part of the strategic alliance, Newmont will initially invest… Read More Here
Gold nears 5-month peak as inflation worries boost appeal 5 Gold International 

Gold nears 5-month peak as inflation worries boost appeal

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Gold prices neared a five-month high touched in the previous session, after strong U.S. consumer price data prompted a rush into the precious metal seen as a hedge against inflation. Spot gold was up 0.6% at $1,861.39 per ounce. U.S. gold futures for December delivery settled 0.8% higher at $1,863.90 per ounce. “The market is spooked with yesterday’s CPI data coming in as high as it was. Traders are looking at gold as being a safety asset, as a hedge against this inflation risk,” said Bob Haberkorn, senior market strategist… Read More Here
JOHNSON MATTHEY EXITS BATTERY MATERIALS BUSINESS IN BLOW TO EUROPE 6 Battery Metals International 

JOHNSON MATTHEY EXITS BATTERY MATERIALS BUSINESS IN BLOW TO EUROPE

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Johnson Matthey’s shares plunged as much as 20% on Thursday after the British chemicals company said it would exit its battery materials business due to crushing competition and that CEO Robert MacLeod would step down next year. The London-listed company said potential returns from the battery materials unit could not justify investments anymore as it struggles to compete with more established large scale and low cost producers. It was looking at a sale of all or part of the unit, with the “ultimate intention of exiting”. “This decision will allow us to… Read More Here
EMERGENCY RESPONSE FIELD MEDIC OFFICER | MINING CAREERS AT BARRICK LUMWANA, ZAMBIA 7 Mining Careers Mining in Zambia 

EMERGENCY RESPONSE FIELD MEDIC OFFICER | MINING CAREERS AT BARRICK LUMWANA, ZAMBIA

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Category: Occupational Health and Safety | Requisition number: 093200| Location: Lumwana Mine, Kalumbila Zambia. | Report: Emergency Response Supervisor 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… Read More Here
Congo lawmakers tell Barrick to secure mine perimeter after deadly protest 8 Mining in DRC Mining Companies 

Congo lawmakers tell Barrick to secure mine perimeter after deadly protest

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Lawmakers in Democratic Republic of Congo have asked Barrick Gold Corp to secure the perimeter of its Kibali gold mine after a protest last month over the eviction of people living on the company’s concession turned deadly. A parliamentary mission found four people, including one soldier, were shot dead and 14 others wounded during a demonstration in Durba town, in Congo’s northeast, on Oct. 22. At least one police station was reportedly destroyed. During the 2012/13 construction of the mine, Kibali resettled and gave compensation to around 17 000 people… Read More Here
Workers report “colonial-era” abuse at Congolese cobalt mines 9 Cobalt Mining in DRC 

Workers report “colonial-era” abuse at Congolese cobalt mines

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Research at five of the biggest cobalt mines in the Democratic Republic of Congo has exposed widespread labour exploitation and workers’ rights abuses, according to a British NGO. A report from RAID (Rights and Accountability in Development), cites workers who say they are subjected to excessive working hours, degrading treatment, violence, discrimination, racism, unsafe working conditions and a disregard for basic health provision.  Over 70% of the world’s cobalt, which is used in the production of lithium-ion batteries for electric vehicles and portable electronics, was mined in the DRC in… Read More Here
How robots and automated equipment are mining the future 10 Equipment & Technology Mining technology 

How robots and automated equipment are mining the future

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When declaring robots are the future of any industry, you will often be met with strong reservations and fears of redundancy, with suggestions of a fully automated future striking fear into any employee. But automation does not necessarily mean a decline in employment, rather a change in expertise for operators who can benefit from learning new skills and improved safety measures. This is especially true in mining. Improving safety, sustainability, and productivity are key factors robotic developers are striving for in the industry, and automation proves particularly useful when it… Read More Here

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