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Botswana sells troubled state-owned mine to Canada’s Premium Nickel Resources

September 30, 2021September 30, 2021 admin

Canada’s Premium Nickel Resources (PNR) will buy Botswana’s defunct, state-owned BCL copper mine with a view to restarting operations within three years, Minister of Minerals, Green Technology and Energy Resources Lefoko Moagi said late on Tuesday. PNR was awarded an exclusive right to undertake six months of due diligence on BCL, placed under liquidation in 2016, in February. It has now signed a deal to purchase two of the three shafts at the site and some associated infrastructure, Moagi said, without disclosing a value. “All the assets that have not… Read More Here

Mining in Zambia Equipment & Technology Mining technology

Hitachi joins forces with UNIDO, Japanese & Zambian Govts to train mining equipment operators in Zambia

September 30, 2021September 30, 2021 admin

The United Nations Industrial Development Organization (UNIDO), the Government of Japan, the Government of Zambia, and Hitachi Construction Machinery company are joining forces to address the growing demand for skilled equipment operators in Zambia’s construction and mining industries. With the shift in Zambian economy towards more capital and skill-intensive sectors such as mining, construction, transportation and manufacturing, the demand for technical skills for the operation of heavy equipment operation has increased. However, construction and mining sector employers struggle to find skilled workers who meet modern machinery operational skills requirements. The… Read More Here

Cobalt International Mining in DRC

World’s cobalt supply deficit is shrinking, says S&P

September 30, 2021September 30, 2021 admin

A market deficit for cobalt is shrinking as the world’s top producers of the prized metal expand production to meet the demand for batteries used in electric vehicles (EVs), according to a new report by S&P Global Intelligence. With a spoke in EV sales this year, demand for cobalt drove major producers to plan to increase output at mine sites in the Democratic Republic of Congo (DRC) and balance the market, says S&P. Some EV-makers have begun seek alternatives to the battery metal, which provides stability to the battery cathode, but is costly and linked to allegations of human rights abuses of artisanal miners in the DRC. Market Intelligence says the metal… Read More Here

Copper International

Copper price falls on China power squeeze worries

September 30, 2021September 30, 2021 admin

Copper prices fell on Wednesday as investors reduced risk exposure amid uncertainty caused by a power curtailment in China. The most-traded November copper contract on the Shanghai Futures Exchange fell 0.9% to 68,600 yuan ($10,609.00) a tonne. On the Comex market in New York, copper for delivery in December fell 0.5% from Tuesday’s settlement price, touching $4.222 per pound ($9,288 per tonne) midday Wednesday. Power restrictions in China have hurt supplies of some metals in recent months, but electricity curbs recently spread to more downstream sectors and dampened manufacturing, hurting the demand for… Read More Here

Diamond

Botswana Diamonds grabs control of Thorny River

September 30, 2021September 30, 2021 admin

Botswana Diamonds) said on Wednesday it had exercised pre-emptive right to acquire the outstanding third-party interests in its South African unit and parts of the Thorny River project, which gives the company control of the asset. The company will issue 56.99 million shares, valued at about £627,000 (about $844,000), as purchase consideration for the third-party interests in Vutomi Mining, its South African associate that holds the mineral rights for Thorny, and Razorbill Properties 12. “We are very positive on the production opportunities for the Thorny River properties owned by Vutomi,” chairperson John Teeling said in the statement. “An outside company made an offer for Vutomi. Rather than accept the offer, we… Read More Here

Mining Careers Mining in Zambia

ASSISTANT CORPORATE AFFAIRS OFFICER | MINING CAREERS AT ZCCM-IH INVESTMENT HOLDINGS, LUSAKA, ZAMBIA

September 29, 2021September 29, 2021 admin

JOB TITLE: Assistant Corporate Affairs Officer | LOCATION: Lusaka | DEPARTMENT: Corporate Affairs ZCCM Investments Holdings PLC (ZCCM-IH) is a mining and operations investment holding company with a primary listing on the Lusaka Securities Exchange and secondary listings on the London and Euronext (Paris) Stock Exchanges. ZCCM-IH’s shareholders are the Industrial Development Corporation (IDC) holding 60.3% of the shares, Government of the Republic of Zambia (GRZ) with 17.3%, National Pension Scheme Authority (NAPSA) holding 15% and private investors holding the remaining 7.4%. ZCCM-IH has the majority of its investments held in… Read More Here

Mining in Zambia Copper Mining Companies

Provisional liquidator of Zambia’s Konkola Copper Mines arrested

September 29, 2021September 29, 2021 admin

The State-appointed provisional liquidator of Konkola Copper Mines (KCM), Milingo Lungu, has been arrested and charged with laundering more than $2-million, Zambia’s Drug Enforcement Commission, which also handles money-laundering cases, said on Wednesday. DEC Spokesman Mathias Kamanga announced the arrest during a news briefing in Lusaka . “The money is said to have come into his possession by virtue of being the Provisional Liquidator for Konkola Copper Mines,” the commission said. Lungu did not immediately respond to Reuters phone calls and a written request for comment. The commission alleged that Lungu,… Read More Here

Mining Careers Mining in Zambia

CORPORATE AFFAIRS OFFICER-PUBLIC RELATIONS | MINING CAREERS AT ZCCM-IH INVESTMENT HOLDINGS, LUSAKA, ZAMBIA

September 29, 2021September 29, 2021 admin

JOB TITLE: Corporate Affairs Officer – Public Relations & Branding | LOCATION: Lusaka | DEPARTMENT: CORPORATE AFFAIRS ZCCM Investments Holdings PLC (ZCCM-IH) is a mining and operations investment holding company with a primary listing on the Lusaka Securities Exchange and secondary listings on the London and Euronext (Paris) Stock Exchanges. ZCCM-IH’s shareholders are the Industrial Development Corporation (IDC) holding 60.3% of the shares, Government of the Republic of Zambia (GRZ) with 17.3%, National Pension Scheme Authority (NAPSA) holding 15% and private investors holding the remaining 7.4%. ZCCM-IH has the majority… Read More Here

Mining Careers Mining in Zambia

ASSISTANT PORTFOLIO ANALYST | MINING CAREERS AT ZCCM-IH INVESTMENT HOLDINGS, LUSAKA, ZAMBIA

September 29, 2021September 29, 2021 admin

JOB TITLE: Real Estate Officer | LOCATION: Lusaka | DEPARTMENT: Investments ZCCM Investments Holdings PLC (ZCCM-IH) is a mining and operations investment holding company with a primary listing on the Lusaka Securities Exchange and secondary listings on the London and Euronext (Paris) Stock Exchanges. ZCCM-IH’s shareholders are the Industrial Development Corporation (IDC) holding 60.3% of the shares, Government of the Republic of Zambia (GRZ) with 17.3%, National Pension Scheme Authority (NAPSA) holding 15% and private investors holding the remaining 7.4%. ZCCM-IH has the majority of its investments held in the copper mining… Read More Here

Mining Careers Mining in Zambia

NETWORK ADMINISTRATOR | MINING CAREERS AT ZCCM-IH INVESTMENT HOLDINGS, LUSAKA, ZAMBIA

September 29, 2021September 29, 2021 admin

JOB TITLE: Network Administrator | LOCATION: Lusaka | DEPARTMENT: ICT ZCCM Investments Holdings PLC (ZCCM-IH) is a mining and operations investment holding company with a primary listing on the Lusaka Securities Exchange and secondary listings on the London and Euronext (Paris) Stock Exchanges. ZCCM-IH’s shareholders are the Industrial Development Corporation (IDC) holding 60.3% of the shares, Government of the Republic of Zambia (GRZ) with 17.3%, National Pension Scheme Authority (NAPSA) holding 15% and private investors holding the remaining 7.4%. ZCCM-IH has the majority of its investments held in the copper mining sector… Read More Here