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African Gold Group Announces Mineral Reserve for its Kobada Gold Project

September 28, 2021September 28, 2021 admin

African Gold Group, Inc. (“AGG” or the “Company”) is pleased to announce an updated Mineral Reserve Estimate for its Kobada Gold Project (the “Project” or “Kobada”). The reserve estimate is an update to the reserve disclosed in the National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”) report titled “NI 43-101 Technical Report on Kobada Gold Project in Mali” with an effective date of June 17, 2020 (the “2020 DFS”), and will be the basis for the updated feasibility study (expected to be delivered before mid-October 2021) (the “2021 DFS”).… Read More Here

Mining in DRC Diamond

DRC: Diamond exports fell from 229 million USD in 2016 to 113 million USD in 2020, a drop of more than 50%

September 28, 2021September 28, 2021 admin

The diamond industry has experienced a halving of revenues over the past five years in terms of exports. The Democratic Republic of the Congo experiences a decline in both diamond production and exports between 2016 and 2020. Data provided by the Ministry of Mines indicates that income from diamond exports has halved over the past five years, falling from 14 million 746 354.23 carats exported to a value of 229 million USD 299,054.88 during the last five years. year 2016 at a volume of 12 million 214,439.11 carats exported in… Read More Here

Cobalt Gold Mining in DRC Tin

DRC: gold, tin and cobalt up on the market this week (Mercuriales)

September 27, 2021 admin

Three of the Democratic Republic of the Congo’s main export mining products show an upward trend during the week from September 27 to October 2, 2021, according to projections by the National Commission of Mercurial Prices of the Ministry of Foreign Trade. Cobalt will trade this week at 51,741 USD per tonne against 50,826 USD per tonne last week, a positive price differential of 913 USD. Likewise, tin is selling this week for around $ 34,925 per tonne against $ 34,113 last week, a price increase of $ 812. As… Read More Here

Mining Careers Mining in Zambia

GERERIC JUMBO OPERATORS | MINING CAREERS AT BARRICK LUMWANA, ZAMBIA

September 27, 2021September 27, 2021 admin

Category: Operator- Underground | Requisition number: 093464| Location: Lumwana Mine, Kalumbila Zambia. |Reporting to: Line Supervisor Apply now GERERIC JUMBO OPERATORS Lumwana Mine, Solwezi, Zambia. Reporting to: Line Supervisor 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… Read More Here

Diamond Mining Companies

DRC: the Sino-Congolese contract executed at 27.4% on the infrastructure and 77% on the mining investment component

September 27, 2021September 27, 2021 admin

The Minister of State, Minister of Infrastructures and Public Works, Mr Gisaro, made, during the Council of Ministers of September 24, the state of play of the technical and financial execution of the infrastructure projects selected within the framework of the Sino-Congolese program. It emerges that out of a planned financing of 3 billion USD, the amount invested by the Chinese side amounts to 825 million USD (interest not included). This shows an execution rate of 27.5% of this second part of the Sino-Congolese contract. This amount has been allocated to… Read More Here

Mining in DRC Mining Companies

DRC: “SICOMINES SA” has allocated more than 1 billion USD from 2008 to 2021 in the construction of infrastructures

September 27, 2021September 27, 2021 admin

The Sino-Congolaise des Mines (SICOMINES), is a Joint-venture, established in DR Congo in accordance with the Collaboration Agreement relating to the development of a Mining Project and an Infrastructure Project, signed between the Congolese Government and the Groupement Chinese Companies in 2008. The share capital is 100 million USD, Gécamines SA (RDC) 20% and SIMCO SAS (RDC) 12%, CHINA RAILWAY holds 41.72% of shares, POWERCHINA 25.28%, ZHEJIANG HUAYOU 1%. As part of its infrastructural achievements in the DRC, SICOMINES has allocated from 2008 to date more than 1 billion USD, of… Read More Here

Mining in DRC Cobalt International

Cobalt investments seen shifting from DRC to ‘bright spot’ Australia

September 27, 2021September 27, 2021 admin

Although the Democratic Republic of Congo (DRC) will remain the leading producer of cobalt in the coming years, investments are likely to shift to Australia, which is seen as a “bright spot” for miners and offtakers seeking to avoid human rights and environmental risks associated with cobalt mining in the DRC. “Australia represents a much lower risk environment if the EU seeks to reduce its dependency on the DRC for cobalt,” research firm Fitch Solutions said on Thursday. Australia’s mining regulations prioritise sustainable extractive processes, which Fitch said would prove appealing for countries with strong environmental standards. The EU, for instance, was… Read More Here

Battery Metals Lithium Mining in DRC New Mining Projects Tin

AVZ lands $240m for DRC lithium project

September 27, 2021September 27, 2021 admin

Shares in AVZ Minerals rose on Monday, as the ASX-listed company announced that it had secured $240-million from a Chinese investment entity to develop its lithium and tin project in the Democratic Republic of Congo (DRC). The developer announced that CATH Energy Technologies (CATH), a private investment entity jointly owned by Pei Zhenhua and Contemporary Amperex Technology Co Limited (CATL), would earn a 24% equity interest in a multi-faceted joint venture to develop the Manono lithium and tin project. CATH would pay $240-million cash for its 24% equity interest and a further amount to fund its pro-rata… Read More Here

Mining Careers Mining in Zambia

OPERATOR – ELECTRIC FACE SHOVEL | MINING CAREERS AT BARRICK LUMWANA, ZAMBIA

September 27, 2021September 27, 2021 admin

Category: Operator- Open pit | Requisition number: 093447| Location: Lumwana Mine, Kalumbila Zambia. |Reporting to: Production Supervisor Apply now OPERATOR – ELECTRIC FACE SHOVEL Lumwana Mine, Solwezi, Zambia. Reporting to Production Supervisor 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… Read More Here

Mining Careers Mining in Zambia

OPERATOR – HITACHI EH4500/5000 HAUL UNITS | MINING CAREERS AT BARRICK LUMWANA, ZAMBIA

September 27, 2021September 27, 2021 admin

Category: Operator- Open Pit | Requisition number: 093444| Location: Lumwana Mine, Kalumbila Zambia. |Reporting to: Production 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 over… Read More Here