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Gemfields reaches record revenue at emerald auction

August 13, 2021August 13, 2021 admin

Shares in Gemfields (LON: GEM) (JSE: GML) jumped as much as 6% in London after the precious coloured gemstones miner posted a $23.1 million auction revenue – an all-time record for commercial-quality emerald sold at auctions. The sales event, held from July 28 to August 11, saw 49 companies place bids, Gemfields said. From the 32 lots offered, 31 (or 97%) of them were sold at a record average price of $6.61 per carat. Gemfields’ previous emerald auction took place in February 2020, with 2.9 million carats generating revenue of $11.5 million at an average price of $4.01 a carat. The company, which returned to the London Stock Exchange’s market for juniors last year,… Read More Here

Mining in DRC

Strong mining ties forged between Kinsevere and the DRC

August 11, 2021August 11, 2021 admin

The strong mining alliance forged between the Democratic Republic of the Congo (DRC) and the Kinsevere mine operator, MMG Limited, was further strengthened at a recent meeting held last month at the DRC embassy in Beijing. Weiquan Xia, General Manager of MMG’s Kinsevere mine, convened a successful meeting with Numbi Kayembe Valentin, Plenipotentiary Minister, responsible for Congolese diplomatic matters. They discussed the inclusive social investment opportunities that have been brokered between both countries. The Kinsevere mine operation has over the longer term invested in sustainable DRC community projects with economic… Read More Here

Economy Mining in Zambia

The first 100 days. Economist Oliver Saasa offers advice to the new Administration- Zambia

August 11, 2021August 11, 2021 admin

The country’s national election is just days away, but regardless of one’s politics or confidence in a party’s campaign, one thing is certain: If Zambia follows a path that leads to long-term, sustainable economic recovery, each and every citizen will benefit. Mining For Zambia asked leading economist Professor Oliver Saasa what needs to happen during the crucial first 100 days of a new administration to ensure that Zambia leaves the debt era behind, and chooses the road to economic recovery. The potential for the mining industry to drive an economic recovery… Read More Here

Equipment & Technology Mining Supply Tenders Mining technology

Metso Outotec wins deal for Nornickel’s Talnakh expansion

August 11, 2021August 11, 2021 admin

Finnish company Metso Outotec will deliver dewatering, flotation and automation equipment to Russian producer Nornickel for a planned expansion of its Talnakh processing plant that should make it the world’s largest concentrator for nickel sulfide ores. Metso Outotec said the deal entails the delivery and installation of an automation system for the new line three flotation area, modernisation of three existing thickeners, and the delivery of over 100 TankCell flotation machines. The equipment is scheduled to arrive by 2023, and Metso Outotec did not disclose any financial details of the… Read More Here

Copper International

Copper price bounces back on Chile supply concerns

August 11, 2021August 11, 2021 admin

The copper price bounced back on Tuesday as worries about supplies from top producer Chile gathered pace. BHP and the workers union at its Escondida copper mine said late on Monday they would extend government-mediated contract talks by a day in a last-ditch effort to stave off a strike. The world’s biggest copper mine accounts for about 4.5% of global copper supplies estimated at roughly 24 million tonnes this year. Several mines in the world’s top copper producer country are in the throes of tense labor negotiations. Workers at JX Nippon Copper’s Caserones mine decided… Read More Here

Gold International

Barrick meets 2021 guidance target

August 10, 2021August 10, 2021 admin

Barrick Gold Corporation has completed or progressed major capital projects in the second quarter of the year while its globally broadened exploration programmes delivered substantial reserve gains and stepped up the search for new world-class discoveries. The new Phase 6 heap leach facility at Veladero has been commissioned on time while the third shaft at Turquoise Ridge in Nevada has been sunk to its final depth. Also in Nevada, the updated Goldrush feasibility study has confirmed that this is a world-class asset which meets Barrick’s investment criteria. In the Dominican… Read More Here

Covid-19

Africa: Continent Nears 50 Million Covid-19 Vaccinations

August 10, 2021August 10, 2021 admin

As of August 10, confirmed cases of Covid-19 from 55 African countries reached 7,053,114 while over 49,798,860 vaccinations have been administered across the continent. Reported deaths in Africa reached 178,168 and 6,169,946 people have recovered. South Africa has the most reported cases 2,540,222 and 75,012 people died. Other most-affected countries are Morocco (701,325), Tunisia (613,628), Egypt (284,789), Ethiopia (284,531), Libya (269,847) and Kenya (212,573). The numbers are compiled by the Center for Systems Science and Engineering (CSSE) at Johns Hopkins University (world map) using statistics from the World Health Organization and other international institutions as well… Read More Here

Copper Mining in DRC New Mining Projects

Red Rock drilling deeper to find copper mineralisation on the DRC project

August 10, 2021August 11, 2021 admin

London-listed diversified miner Red Rock Resources says drilling at the Luanshimba copper/cobalt project, in the Democratic Republic of Congo (DRC), is proceeding satisfactorily after experiencing a slow start. The company has replaced an initial rig with a more powerful model and expects to extend some holes to a 120 m to 200 m depth, to test for copper sulphide mineralisation. The 2 000 m Phase 1 drilling programme was initially planned to only extend down to between 60 m and 100 m, but later holes may now be extended. Red Rock… Read More Here

Equipment & Technology Events & Expos Mining technology

MINExpo to Highlight Massive Machines and Technology Advancements for the Mining Industry

August 10, 2021August 10, 2021 admin

Traditionally, MINExpo is held every four years as a means to showcase the latest cutting-edge equipment, innovations, services and technologies that can take mining operations to the next level and ensure long-term growth. After that four-year gap was extended by nearly a year due to COVID, the industry is ready and eager to move forward, coming back stronger than ever with the in-person event taking place September 13 to 15 in Las Vegas. As the world’s largest mining event, MINExpo covers the entire industry: exploration, mine development, open pit and underground mining,… Read More Here

Mining Careers Mining in Zambia

GRADUATE INSTRUMENTATION ENGINEER | MINING CAREER AT FQM, KALUMBILA, SOLWEZI, ZAMBIA

August 10, 2021August 10, 2021 admin

Requisition Number: JR3349| Country: Zambia | Contract Type: Fixed Term| Location: Solwezi Apply now Job description: Purpose of the role: This role will be responsible for assisting in the establishing of preventative and responsive Instrumentation maintenance and development within the Processing plant; to learn how operational performance is achieved in a safe and cost effective manner, while been trained how to achieve compliance with relevant procedures, polices, legal requirements and consent conditions. Key Responsibilities: This position will be required to adhere to all relevant requirements, policies, procedures and legal regulations pertaining to health, safety, environment and quality,… Read More Here