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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

Copper Mining in Zambia

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

Battery Metals Lithium Mining in DRC

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