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The United Arab Emirates remains the first destination for Congolese diamonds 1 Diamond International Mining in DRC 

The United Arab Emirates remains the first destination for Congolese diamonds

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In the first half of 2021, the Democratic Republic of the Congo exported 4,185,007.35 carats to the United Arab Emirates for a value of 39 million USD 14,956.93. Which makes the United Arab Emirates the number one destination for Congolese diamonds, according to data from the Ministry of Mines. The second destination for Congolese diamonds is Belgium with 1,795,323.33 carats imported by this country for a value of 23 million 1,948.00 USD. The other export destinations for Congolese diamonds are India with 381,547.58 carats imported for a value of 3 million… Read More Here
2017 to date, Compagnie Minière de Musonoïe (COMMUS) allocated USD 12.6M to 8 local DRC communities 2 Mining in DRC Corporate social responsibility 

2017 to date, Compagnie Minière de Musonoïe (COMMUS) allocated USD 12.6M to 8 local DRC communities

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The Compagnie Minière de Musonoïe (COMMUS) is located in the Mutoshi district in the commune of Manika in the city of Kolwezi. It employs around 2,500 national workers. Its shareholders are made up of the Chinese firm Zijin Mining Group Company Limited which holds 72% while 28% goes to Générale des Carrières et des Mines (Gécamines) and at this stage has an annual production capacity of around 120,000 tonnes of copper and 1,500 tonnes of cobalt. Its first phase of the mining and metallurgical project started its construction in June 2015 and it… Read More Here
The DRC exported in the first half of 2021 a volume of 6.3 million carats of diamonds for a value of 65 million USD 3 Diamond Mining in DRC 

The DRC exported in the first half of 2021 a volume of 6.3 million carats of diamonds for a value of 65 million USD

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In the first half of 2021, the Democratic Republic of the Congo exported a total of 6,371,729.27 carats of diamonds (artisanal and industrial) for a total value of 65 million 477,876.68 USD, according to data from the Ministry of Mines. In more detail, it is 4,501,085.38 carats of artisanal diamonds that were exported in the first half of 2021 for a value of 38 million 565,999.00 USD. As for industrial diamond exports, they were of the order of 1,870,643.89 carats for a value of 26 million 911,877.68 USD. The United… Read More Here
Metso Outotec integrates fine-grinding solutions into plant unit 4 Equipment & Technology International Mining technology 

Metso Outotec integrates fine-grinding solutions into plant unit

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Metso Outotec has announced it will consolidate and integrate its fine grinding solutions. Finnish mining engineering company Metso Outotec has announced it will consolidate and integrate its fine grinding solutions into a new stirred mill plant unit. The units integrate Metso Outotec’s existing stirred mills products with other proprietary technology products including hydrocyclones, samplers, analysers, and slurry pumps By integrating existing products, Metso Outotec said it can offer a process performance guarantee based on testing of representative samples and a Total Cost of Ownership (TCO) calculation co-created with its customers. Existing… Read More Here
Zambia mines minister takes aim at Konkola liquidation 5 Copper Mining in Zambia 

Zambia mines minister takes aim at Konkola liquidation

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Zambia’s mines minister on Monday criticised the previous administration’s push to liquidate Vedanta’s Konkola Copper Mines (KCM) unit, which sparked years of wrangling. Vedanta and the government have been in a legal dispute over the mine and smelter since May 2019 when Zambia, which owns 20% of KCM through state mining investment firm ZCCM-IH, handed control of the business to a liquidator. Paul Kabuswe made the comments during a tour of Zambia’s copperbelt, in a further indication that President Hichilema’s new administration will seek to roll back state involvement in the mining sector, the… Read More Here
Copper price back below $9,000 on Evergrande jitters 6 Copper International 

Copper price back below $9,000 on Evergrande jitters

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The copper price fell on Tuesday as a debt crisis at property giant China Evergrande Group spurred a sell-off across markets and stoked worries about the demand for the metal used widely in construction. Copper for delivery in December fell 0.6% from Monday’s settlement price, touching $4.090 per pound ($8,998 per tonne) midday Tuesday on the Comex market in New York. “Copper prices are falling in sympathy with risk-off trading and weak sentiment because of Evergrande,” said Giles Coghlan, analyst at HYCM. “It is a concern in the short term, but I… Read More Here
The DRC exported 15,479 kg of gold for a value of 618 million USD in the first half of 2021 7 Gold Mining in DRC 

The DRC exported 15,479 kg of gold for a value of 618 million USD in the first half of 2021

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The Democratic Republic of Congo exported 15,479.44 Kg of raw gold in the first half of 2021 for a total value of 618 million 992,285.00 USD, according to the Ministry of Mines. Almost all of these exports come from industrial exploitation, that is 15,460.35 kg of gold for a value of 617 million 991,722.00 USD, representing more than 99% of the total exports of the DRC. Only 19.09 kg of export gold came from artisanal mining for a value of barely 1 million USD. Kibali Gold alone produced more than… Read More Here
Sandvik: The majority of our mining vehicles will be electric by 2030 8 Equipment & Technology Mining technology 

Sandvik: The majority of our mining vehicles will be electric by 2030

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Electrification will pick up pace significantly in the coming years, says the company. Sweden-based mining solutions provider Sandvik has predicted that more than half of its underground mining equipment sales will be electric by 2030, and that it expects to have an electric offering covering all applications by 2022. Henrik Ager, president, Sandvik Mining and Rock Solutions explained that electrification will be one of the biggest technological shifts the mining industry has seen for years, and that it will “significantly” pick up pace in the coming years. The company launched… Read More Here
The mining royalty liquidated at the end of August 2021 estimated at 1.093 billion USD for copper and cobalt - DRC 9 Cobalt Copper Mining in DRC 

The mining royalty liquidated at the end of August 2021 estimated at 1.093 billion USD for copper and cobalt – DRC

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According to data from the Ministry of Mines, the mining royalty, recorded and liquidated, in the two provinces of Katanga, Lualaba and Haut-Katanga, with regard to copper and cobalt, is estimated at 647,208,290.68 USD for the first half of 2021 and 446,072,091.31 USD for the months of July and August 2021, for a total of 1 billion 93,283 USD. Among the mining companies the largest providers of this mining royalty, there is TFM with 517 million USD 724,640; KCC with 173 million USD 442,832; or METALKOL with 85 million 872,084 USD. These… Read More Here
COPPER, COBALT, SILVER AND GOLD PROCESSING PLANTS COMING TO ZAMBIA 10 Cobalt Copper Gold Mining in Zambia New Mining Projects 

COPPER, COBALT, SILVER AND GOLD PROCESSING PLANTS COMING TO ZAMBIA

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Now Import and Export Zambia Limited, a Private Limited Company with 90 percent South African and 10 percent Zambian Shareholding, plans to initially invest US$ 20 million for setting up Copper, Cobalt, Silver and Gold Processing Plants in Chongwe and Mkushi Districts of Zambia.The investment venture is expected to create 1210 jobs. Ninety percent of the jobs will be for Zambians. Now Import and Export Zambia Limited will conduct its mining activities in three phases. The first phase will focus on trading for one year to create a base with… Read More Here

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