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Gold production in the DRC: Central African Gold buys 60% interest in the Zani-Kodo project for 55 million USD

October 5, 2021October 5, 2021 admin

Central African Gold is a Canadian natural resources company focused on the acquisition, exploration and development of cobalt and copper mining properties in the DRC. Its first major acquisition nonetheless relates to a gold project, a decision which can be justified by the price of the yellow metal for more than a year. The Zani-Kodo gold project in northeastern DRC will change hands. The junior mining company Central African Gold has in fact acquired a majority stake of 60% in this asset from a third party whose identity has not been disclosed. The… Read More Here

Equipment & Technology International

Komatsu unveils a line-up of sustainable mining machines

October 4, 2021October 4, 2021 admin

With a long history of mining equipment manufacturing, Komatsu has turned its attention to the development of sustainable electrified solutions To meet sustainability goals, mining businesses must make some serious changes to the way they operate. Thanks to Komatsu, there is hope for many more developments in sustainable mining machinery for processes like haulage, loading, excavating and underground mining. MINExpo 2021 revealed some of the greatest mining machinery triumphs that are suitable for various applications within the industry. Electrifying mining haulage Komatsu is currently in the process of testing various power sources for… Read More Here

Mining Careers Mining in Zambia

TECHNICIAN RELIABILITY | MINING CAREER AT FQM, KALUMBILA, SOLWEZI, ZAMBIA

October 4, 2021October 4, 2021 admin

Requisition Number: JR38o1| Country: Zambia | Contract Type: Fixed Term| Location: Solwezi | Category: Engineering Apply now Purpose To diligently execute condition monitoring and precision maintenance functions according to instructions and prescribed standards ensuring that optimum equipment availability and reliability is realised. Key Responsibilities This position will be required to adhere to all relevant requirements, policies, procedures and legal regulations pertaining to health, safety, environment and quality, as well as finance, human resources, and any other regulations as required by the company and relevant to the level of the role and responsibilities of the function. Vibration Data Collection… Read More Here

Mining Careers Mining in Zambia

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

October 4, 2021October 4, 2021 admin

Requisition Number: JR3809| Country: Zambia | Contract Type: On-going| Location: Solwezi | Category: Mining Apply now Overall Job Purpose To carry out day to day plant operations of Aggregate Crushing by ensuring equipment availability at the crusher, while upholding high standards of safety of the equipment and that of other employees. Specific Job Responsibility Ensure the KPIs are achieved in the assigned sections. Control the operational activities in the assigned area of operation. Ensure the plant availability in terms of Operation and Maintenance for smooth operations. Ensure proper and accurate reporting of break downs and properly recording in… Read More Here

Mining Careers Mining in Zambia

JUNIOR SURVEYOR | MINING CAREER AT FQM, KALUMBILA, SOLWEZI, ZAMBIA

October 1, 2021October 1, 2021 admin

Requisition Number: JR3800| Country: Zambia | Contract Type: On-going| Location: Solwezi | Category: Mine Geology Apply now Overall Job Purpose Junior Mine Surveyor is responsible for the safe and efficient provision of accurate and timely surveying field work and office duties as assigned to him by his superiors on the Kalumbila Mining and Exploration leases. Also to carry out all monthly measurements in a safe and timely fashion. Specific Job Responsibility The specific tasks to be performed by the position holder will include; Responsible for the safe and efficient provision of accurate and timely surveying field work and… Read More Here

Mining in DRC Mining Companies

Renegotiation of Sino-Congolese mining contracts: the arguments of the Chinese ambassador, Zhu Jing

October 1, 2021October 1, 2021 admin

Chinese Ambassador to the DRC Zhu Jing addressed the issue of Sino-Congolese mining contracts during an interview held Thursday, September 30, with journalists at his residence in Kinshasa. According to the Chinese diplomat, the DRC is the main beneficiary of the Sino-Congolese contracts. He indicated that during the first seven months of the year 2021, the DRC earned 4.7 billion USD out of the 7.9 billion USD made in Sino-Congolese trade. “During the first 7 months of 2021, trade between China and the DRC reached USD 7.9 billion. This represents an… Read More Here

Equipment & Technology Mining Supply Tenders Mining technology

Metso Outotec wins contract for nickel-copper concentrator in Russian Arctic

October 1, 2021October 1, 2021 admin

Finnish mining technology company Metso Outotec will deliver the critical components for a new greenfield nickel-copper concentrator plant in the Arctic region of Norilsk, Russia, after winning a contract worth approximately $115.83 million (€100 million). Chernogorskaya mining company, which is part of the Russian Platinum group, will operate the concentrator plant. Metso Outotec said delivery would include critical equipment for grinding, floatation and separation; it will deliver electrification, instrumentation and automation for the concentrator. Evgeny Vorobeichik, managing director, Russian Platinum, stated that the awarding of the contract is the first… Read More Here

Mining in DRC Battery Metals International Lithium

Chinese to plough US$400m into AVZ lithium project

September 30, 2021September 30, 2021 admin

AVZ Minerals has locked down US$400 million in funding, a new off-take partner and Chinese backers with very deep pockets and an intimate understanding of lithium battery manufacturing. It looks like it’s game on now for AVZ’s extraordinary Manono lithium project in the DRC after Suzhou CATH Energy Technologies, or “CATH” agreed to pick up 24 per cent of the project for US$240 million and also stump up its share of the project’s CAPEX. In total, the transaction will inject more than US$400 million into the project, which AVZ says… Read More Here

Gold International

Gold price shoots higher on US labor data disappointment

September 30, 2021September 30, 2021 admin

Gold prices advanced past the key $1,750 level on Thursday as investors sought haven after a new labor report pointed to an uneven recovery in the US jobs market. Spot gold rose 1.7% to $1,757.38 per ounce by 11:55 a.m. EDT, its highest level in more than a week. US gold futures gained 2.1% to trade at $1,760.30 per ounce in New York. Still, gold is on course for its biggest monthly loss since June, with precious metals pressured by the prospect of a pullback in stimulus measures by the Federal Reserve.… Read More Here

Copper International

Copper price down on Fed taper talk

September 30, 2021September 30, 2021 admin

Copper prices fell on Thursday as the prospect of the US Federal Reserve scaling back its pandemic stimulus pressured the metal used to gauge global economic health. Copper for delivery in December fell 2.1% from Wednesday’s settlement price, touching $4.104 per pound ($9,028 per tonne). The most-traded November copper contract on the Shanghai Futures Exchange dropped 0.9% to 68,030 yuan a tonne, and dipped 0.1% on a quarterly basis, on track for its first fall since the quarter ended March 2020. A key focus of financial markets in the third quarter… Read More Here