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LCM has exhausted all copper reserves at Baluba shaft, considering shutting down operations

September 29, 2021September 29, 2021 admin

Robert Kamanga, the deputy Chief Executive Officer of China Non-Ferrous Metal Business (CNMCLuanshya )’s Copper Mines ( LCM), said his company is considering shutting down mine operations at its Baluba shaft in 2022. Mr Kamanga claims that the LCM has exhausted all copper reserves at the mine, prompting the decision to halt mining operations by the end of next year, but that the firm is evaluating other options for both immediate and future mining operations. Baluba mine is (CNMC) LCM’s largest employer in the district, employing over 3000 people whose… Read More Here

Expansion study at Manono starts

September 29, 2021September 29, 2021 admin

ASX-listed AVZ Minerals has started an expansion scenario study for its Manono lithium and tin project, in the Democratic Republic of Congo (DRC). The study will investigate an increase in throughput at Manono dense media separation (DMS) plant, up from the 4.5-million tonnes considered in the project’s definitive feasibility study. The expansion scenario was raised in the recent $400-million transaction with Chinese investment firm CATH Energy Technologies, under which CATH would earn a 24% interest in a multi-faceted joint venture (JV) to develop the Manono lithium and tin project. CATH… Read More Here

Gold International

Gold price woes continue on rising dollar, yields

September 29, 2021September 29, 2021 admin

Gold extended losses on Tuesday with the US dollar and Treasury yields both staying strong, as investors await the outcomes of a mandated speech given by Federal Reserve chair Jerome Powell to the Congress. Spot gold dropped 0.7% to $1,738.97 per ounce by 11:45 a.m. EDT, after falling by more than 1.0% earlier in the session. Gold futures were also down 0.7%, trading at $1,739.40 per ounce in New York. Meanwhile, benchmark US Treasury yields gained for a fourth consecutive day to hit a more than three-month peak. The dollar… Read More Here

Mining in DRC Governance Mining Companies

Congo reviews $6.2bn China mining deal as criticism grows

September 29, 2021September 29, 2021 admin

The Democratic Republic of Congo (DRC) began reviewing a $6.2-billion minerals-for-infrastructure deal with China that’s faced growing criticism since President Felix Tshisekedi came to power almost three years ago. Congo’s council of ministers agreed to create a commission to investigate “major legal, technical and financial problems observed in the collaboration agreement” between the two countries, according to minutes from the meeting published on the website of the prime minister’s office. The council asked the commission to present its findings in two weeks. The contract, signed in 2008 and renegotiated several times since,… Read More Here

Mining Careers Mining in Zambia

ADVANCE CONTROL SYSTEM ENGINEER | MINING CAREER AT FQM, KALUMBILA, SOLWEZI, ZAMBIA

September 29, 2021September 29, 2021 admin

Requisition Number: JR3790| Country: Zambia | Contract Type: On-going| Location: Solwezi | Category: Engineering Apply now Overall Job Purpose The Advance Control system engineer will provide assistance in the design, implementation, commissioning and maintenance of the various components of the advance control system and report to the Superintendent Automation, Control and Software Systems Specialist. Specific Job Responsibility The specific tasks to be performed by the position holder will include; Coordinate and manage all advance control systems used; to automate the collection, transformation and delivery of Sentinel’s operating system data. Coordinate and manage the OSI-soft management system installed on… Read More Here

Mining Careers Mining in Zambia

SUPERINTENDENT- PROJECTS | MINING CAREER AT FQM, KALUMBILA, SOLWEZI, ZAMBIA

September 29, 2021September 29, 2021 admin

Requisition Number: JR3791| Country: Zambia | Contract Type: On-going| Location: Solwezi | Category: Engineering Apply now Overall Job Purpose Reporting to the Assistant Manager Technical Support, you will be responsible for assisting in construction, installation and commissioning of Engineering hardware within the Sentinel Process plant as well as where required onsite; to ensure maximum operational performance is achieved in a safe and cost effective manner while ensuring compliance with relevant procedures, policies, legal requirements and consent conditions. Specific Job Responsibility This position will be required to adhere to all relevant requirements, policies, procedures and legal regulations pertaining to… Read More Here

Gold Mining in DRC

DRC: barely 76 kg of gold from artisanal mining traced throughout 2020

September 28, 2021September 28, 2021 admin

During the year 2020, out of a total production of around 29,596.65 kg, only 76.13 kg of gold from artisanal mining were traced by the services of the Ministry of Mines, representing 0 , 25% of the total production of the Democratic Republic of the Congo. The production of gold from artisanal mining has experienced a continuous decline over the past five years in the DRC, dropping from 442.16 kg in 2016 to a volume of 76 kg in 2020, i.e. a drop of 82% in five years. It should… Read More Here

Mining Careers Mining in Zambia

REAL ESTATE OFFICER | MINING CAREERS AT ZCCM-IH INVESTMENT HOLDINGS, LUSAKA, ZAMBIA

September 28, 2021September 28, 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

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

September 28, 2021September 28, 2021 admin

JOB TITLE: Technical Assistant – Mining | LOCATION: Lusaka | DEPARTMENT: TECHNICAL DIRECTORATE 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… Read More Here

Mining Careers Mining in Zambia

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

September 28, 2021September 28, 2021 admin

JOB TITLE: Mining Engineer | LOCATION: Lusaka | DEPARTMENT: TECHNICAL DIRECTORATE 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