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DRC: Chinese company Tenke Fungurume Mining “TFM” paid 3.5 billion USD in taxes since the start of its project in 2006

September 20, 2021September 20, 2021 admin

The mining company Tenke Fungurume Mining (TFM) has paid the Congolese public treasury $ 3.5 billion in taxes since the start of the project in 2006 for its exploitation of copper and cobalt. This is what documents in our possession reveal. One of the largest copper producers in the DRC and the largest cobalt producer in the world. TFM achieves an average annual copper production of around 180,000 tonnes and its average annual cobalt production varies between 16,500 to 18,000 tonnes. This world-class company contributed to the Congolese public treasury in the… Read More Here

Mining in DRC Mining Companies

Beijing promises severe sanctions to Chinese companies involved in illegal mining activities in DRC

September 17, 2021September 17, 2021 admin

Beijing announces its support to the Government of the Democratic Republic of Congo (DRC) in the repression of illegal mining activities where certain Chinese companies are cited. This is what emerges from a series of messages posted on Tuesday, September 14, 2021 on Twitter by Wu Peng, an executive of the Chinese Ministry of Foreign Affairs. The latter indicates that the Beijing authorities have ordered the six Chinese mining companies banned from activities by the Governor of South Kivu province to pack up and leave the sites “as soon as possible ”. This… Read More Here

Mining in Zambia

27 Kansanshi Mine Workers Dismissed For Illegal Protest

September 17, 2021September 17, 2021 admin

Lupindula Mwenya-Twenty seven of the two hundred and seventy five employees that were suspended by Kansanshi Mining PLC for engaging in a sit in protest have been dismissed. This comes a week after two hundred and seventy five unionized employees at Kansanshi Mining Plc were suspended for conducting an illegal sit in protest over the Introduction of a Private pension scheme. Mine Workers Union of Zambia Secretary General GOERGE MUMBA says two hundred and nine workers have been issued with final warnings by management and have since resumed work. Speaking… Read More Here

Equipment & Technology International Mining technology

Australia’s big miners race to deploy emissions-free trucks

September 17, 2021September 17, 2021 admin

As pressure builds on the carbon-intensive mining industry to slash emissions, leading Australian players are rushing to decarbonize their truck fleet using a range of options from hydrogen to battery-powered vehicles. Fortescue Metals Group in June designed and built a hydrogen-powered haul truck — “the first of its kind in the world,” said Julie Shuttleworth, CEO of green technology unit Fortescue Future Industries. Site tests are scheduled to begin by June 2023. “All you could see was slight puffs of pure steam,” Fortescue Metals Chairman Andrew Forrest said of his experience driving the truck during an August earnings call.… Read More Here

Mining in Zambia Covid-19 Gemstones

Gemfields records strong six-month performance

September 16, 2021September 16, 2021 admin

JSE-listed Gemfields expects to report a net profit after tax of $23.8-million for the six months to June 30, compared with the $56.7-million net loss after tax reported for the comparative six-month period in 2020. In rand terms, the net profit after tax is expected to be R346-million. Earnings a share are expected to be $0.02 or R0.24. Gemfields’ two key operating assets, the Montepuez ruby mine, in Mozambique, and the Kagem mine, in Zambia, generated revenues of $58.9-million and $31.2-million, respectively, during the period. Gemfields reiterates in a trading… Read More Here

Mining in Zambia

FQM confirms strike at its Kansanshi Mine- Zambia

September 16, 2021September 16, 2021 admin

First Quantum Mining and Operations Limited has revealed that its employees at Kansanshi Mine embarked on a strike. The company said this through a press statement. “Last Evening( Thursday) a small number of First Quantum Mining and Operations Limited (FQMO) Mining Division employees took illegal strike action at the Kansanshi Mine. Shift employees from the FQMO Mining Division downed tools at the start of the night shift on Thursday 9 September 2021. Subsequently, at the start of their shift, the day shift crew of Friday 10 September also downed tools.… Read More Here

Gold Mining in Zambia

APM to establish gold processing plant in Nairobi

September 16, 2021September 16, 2021 admin

Alinani Precious Metals (APM), a Zambian company, has revealed intentions to establish a Sh1 billion gold processing plant on Nairobi’s Mombasa Road, aimed at artisanal miners. The gold refinery project, which will begin building in early September, will allow miners to derive value from their mineral resources rather than only exporting raw commodities, according to APM Chief Executive Bupe Chipando. “Alinani Precious Metals will have the ability to generate and distil about 300 kilogrammes of gold per day with state-of-the-art equipment and machinery,” Mr Chipando in a statement. Small-scale or… Read More Here

Events & Expos

Mining Indaba moved to May 2022

September 16, 2021September 16, 2021 admin

The 2022 edition of Investing in African Mining Indaba, originally scheduled for February has been moved to May 2022. Organisers of the event said the decision was made following extensive consultation with partners, key stakeholders across the mining value chain and government ministers. “Collectively we decided, due to ongoing challenges caused by the coronavirus pandemic, that a postponement was the most practical solution and provides the highest chance of holding a physical, in-person event in 2022 so the industry can reconnect once again,” said the organisers in a communique. In… Read More Here

Events & Expos International Mining technology

Komatsu emphasises automation at MINExpo

September 16, 2021September 16, 2021 admin

On the first day of MINExpo International, Komatsu Mining held a press conference with some of its senior executives that showcased the company’s strong automation focus. Shingo Hori, senior vice president, mining technology solutions at Komatsu, discussed the company’s automation strategic driver, noting that Komatsu’s FrontRunner autonomous haulage system (AHS) plays a key role in its roadmap to autonomy. The FrontRunner AHS is designed to support the transition to autonomy by enabling manually operated equipment, such as loaders, dozers, graders and light vehicles, to seamlessly interact in an autonomous truck… Read More Here

Mining Careers Mining in Zambia

SAFETY SPECIALIST | MINING CAREER AT FQM, KALUMBILA, SOLWEZI, ZAMBIA

September 16, 2021September 16, 2021 admin

Requisition Number: JR3704| Country: Zambia | Contract Type: On-going| Location: Solwezi | Category: Health & Safety Apply now Overall Job Purpose The primary role of the safety specialist is to improve safety management at Kalumbila Minerals Ltd, through provision of intra and inter-departmental support. This will be facilitated directly, through involvement in all operational aspects and indirectly, alignment of the safety management system with ISO 45001. Further to this, the safety specialist will be required to lead and assist the current Safety Department Superintendents with critical projects and tasks, to ensure the following within the safety, industrial hygiene… Read More Here