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UK fraud unit finds alleged bribe network behind cobalt hub

July 16, 2021July 16, 2021 admin

U.K. prosecutors have told Swiss authorities they have proof of an alleged money-laundering ring spanning from Africa to Europe that paid almost $380 million in cash bribes to authorities in the Democratic Republic of Congo. Companies repeatedly bribed officials to further their business interests in the mineral-rich nation, according to the Swiss court judgment that cited information from U.K. prosecutors. Congo is Africa’s biggest producer of copper and supplies about 70% of the world’s cobalt, a critical input for the batteries that power electric vehicles. The $379 million that was… Read More Here

Battery Metals International Lithium

Elon Musk’s Table Salt Lithium Extraction Now Has A Tesla Patent

July 16, 2021July 16, 2021 admin

At Tesla’s Battery Day event, Musk mentioned the process but provided few details. Tesla’s Battery Day last year was a huge moment for the company. Elon Musk and others talked about the company’s future related to new battery tech. However, it didn’t go over very well with the media since the plans were not going to impact the immediate present, but rather, they were future plans. Tesla has already dealt with plenty of scrutiny as its Battery Day plans haven’t yet fully materialized. However, prior to the event, Musk made it clear that the plans… Read More Here

Mining in DRC Mining Careers

TS SENIOR METALLURGY ENGINEER | MINING CAREER AT KAMOTO COPPER, S.A, KOLWEZI, LUALABA, DRC

July 16, 2021July 16, 2021 admin

JOB TITLE: TS senior metallurgy engineer | LOCATION: Kolwezi, Lualaba, Congo, The Democratic Republic of the | DEPARTMENT: Mining Company Kamoto Copper Company S.A. Reference # 117 / RCT /KCC/21 Published 15/07/2021 Contract Type Permanent Salary Market Related Location Kolwezi, Lualaba, Congo, The Democratic Republic of the Introduction Kamoto Copper Company SA (KCC) is a company incorporated under Congolese law located in Kolwezi, capital city of the Province of Lualaba, Democratic Republic of Congo (DRC). KCC operates on a large-scale copper and cobalt deposits, both open pit and underground, with high-grade mineral… Read More Here

Mining in DRC Cobalt

Congo’s cobalt monopoly to set price floor for artisanal miners

July 16, 2021July 16, 2021 admin

The Democratic Republic of Congo’s state cobalt buyer will put in place a price floor of $30,000 a tonne for the cobalt it buys from artisanal miners, Entreprise Generale du Cobalt (EGC) director-general Jean-Dominique Takis told Reuters. Cobalt, which is trading at around $50,000 a tonne, is used in the batteries that power electric vehicles, sales of which are expected to soar over coming years as the world strives to cut carbon emissions. The world’s top cobalt producer, the Congo set up EGC to buy all artisanal cobalt produced in… Read More Here

About Company Mining in DRC

Company Profile: About Ivanhoe Mines

July 16, 2021July 16, 2021 admin

Ivanhoe Mines is a Canadian mining company focused on advancing its three principal joint-venture projects in Southern Africa: the development of major new, mechanized, underground mines at the Kamoa-Kakula copper discoveries in the DRC and at the Platreef palladium-platinum-nickel-copper-rhodium-gold discovery in South Africa; and the extensive redevelopment and upgrading of the historic Kipushi zinc-copper-germanium-silver mine, also in the DRC. Kamoa-Kakula is expected to begin producing copper in late May or early June 2021 and, through phased expansions, is positioned to become one of the world’s largest copper producers. Kamoa-Kakula and… Read More Here

Gold

Barrick second-quarter gold output falls 5.4% on maintenance shutdowns

July 15, 2021July 15, 2021 admin

Barrick Gold said on Thursday second-quarter gold production fell 5.4% from the previous quarter, dented by planned maintenance shutdowns at Nevada Gold Mine, in the US, and Pueblo Viejo, in the Dominican Republic. Total preliminary gold production fell to 1.04-million ounces in the three months ended June 30, from 1.10-million ounces in the first quarter, the company said. Analysts on average had expected production of 1.15-million ounces, according to Refinitiv IBES. The Canadian miner projected second quarter all-in sustaining costs per ounce, a key industry metric, to be 6% to… Read More Here

Equipment & Technology International Mining Supply Tenders

Delta Drone wins Barrick Gold contract in Mali

July 15, 2021July 15, 2021 admin

Barrick Gold has awarded a contract to Australian “drones-as-a-service” provider Delta Drone for advanced light detection and ranging (LIDAR) services at Barrick’s project in Mali. Delta Drone’s mining specialist brand, Rocketmine, will provide a fleet of LIDAR-enabled mining specific drones and pilots for a week to Barrick Gold to seek mine expansion options. The contract is worth just A$25,000 (US$18,600), but Delta said it was significant as it brings the company’s list of countries of operations to 11. “We look forward to starting our partnership with Barrick Gold and showing… Read More Here

Mining in DRC Economy

Kinsevere’s US$6 million economic boost to 26 Bukanda communities

July 15, 2021July 15, 2021 admin

The MMG Kinsevere mine pledged US$6 million in support of 20 sustainable community projects in 26 Bukanda sector villages on 6 July 2021. Over the long term, Kinsevere has invested nearly US$20 million in the region between 2006 and 2020. These ‘Cahier des Charges’ will see economic benefits flow to locally-run businesses as well as improved agriculture, education and public health over the next five years. Patrick Nkulu, Deputy General Manager Operations; Jinlu Gao, Deputy General Manager Development, and Michel Santos, Social Development Manager, joined with Kipushi Territory administration authorities,… Read More Here

Copper Drilling Mining in DRC Mining in Zambia

Central Copper to list on Aim, undertake equity raise

July 15, 2021July 15, 2021 admin

Central Copper Resources, a company focused on delivering copper assets in the Democratic Republic of the Congo (DRC) and Zambia, intends to apply for admission to start trading on the Aim market of the LSE. Concurrently with admission, it is proposing to raise equity through the placing of new ordinary shares, the proceeds of which will be invested primarily to advance the high-grade Mbamba Kilenda copper project in the DRC towards production and to continue high-impact exploration at both its Titan project, in the DRC, and its Lunga project, in Zambia. Prior to admission, the company will be re-registered as a… Read More Here

Gold International

Gold price hits 4-week high following Powell’s dovish commentary

July 15, 2021July 15, 2021 admin

Gold prices moved higher on Wednesday following dovish commentary from Federal Reserve Chair Jerome Powell, which helped ease fears of early tapering even as more inflation data beat expectations. In comments prepared for an appearance before a House committee, Powell said the US economic recovery still hasn’t progressed enough to begin scaling back the central bank’s massive monthly asset purchases. He added that inflation is likely to remain high in coming months before moderating. Powell’s comments helped ease concerns that faster-than-predicted US inflation data will see the central bank taper its monetary… Read More Here