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CIVIL ENGINEER | MINING CAREERS AT ZCCM-IH INVESTMENT HOLDINGS, LUSAKA,ZAMBIA 1 Mining Careers Mining in Zambia 

CIVIL ENGINEER | MINING CAREERS AT ZCCM-IH INVESTMENT HOLDINGS, LUSAKA,ZAMBIA

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JOB TITLE: Civil Engineer | LOCATION: Lusaka | DEPARTMENT: MiningReporting to: Manager Engineering Services Zambia Gold Company Limited (Zambia Gold) was incorporated on 10 January 2020. Zambia Gold (the ‘Company’) is co-owned by ZCCM Investments Holdings Plc with a 51% stake and the Ministry of Finance owning the remaining 49% stake.  Zambia Gold is mandated to lead the development of the gold sector in Zambia by undertaking commercial activities for the benefit of all stakeholders. In order to achieve this objective, Zambia Gold Company will broadly undertake the following activities:… Read More Here
Exyn Tech to bring autonomous drones to Africa with help of OPTRON 2 Equipment & Technology 

Exyn Tech to bring autonomous drones to Africa with help of OPTRON

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Exyn Technologies has announced a partnership with OPTRON, a leading supplier of the latest geospatial technology in the African market, as its first ever distributor in Africa. Together, this partnership will highlight the availability of Exyn’s underground drone products in the African market to bring safer working conditions for the local mining industry, the company said. The ExynAero, an autonomous and self-piloting aerial drone, was the industry-leading product that helped open the door to the relationship, according to Exyn. The company’s full-stack solution enables flexible deployment of single or multi-robots… Read More Here
Copper price down while China’s smelters reduce production 3 Copper International 

Copper price down while China’s smelters reduce production

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China’s major copper smelters lowered production in June by 3.6% from the previous month due to seasonal maintenance, state-backed research house Antaike said on Monday. Copper for delivery in September fell 0.5% from Friday’s settlement price, touching $4.321 per pound ($9,506 per tonne) midday Monday on the Comex market in New York. The 22 smelters in Antaike’s production survey churned out 745,700 tonnes of refined copper cathode last month, which was still up 6.7% year-on-year, as producers including Tongling Nonferrous carried out overhauls. January-June production from the group came in at 4.61 million tonnes,… Read More Here
Congo likely to start artisanal cobalt buying within eight weeks 4 Cobalt Mining in DRC 

Congo likely to start artisanal cobalt buying within eight weeks

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The Democratic Republic of Congo is expected to start buying cobalt from artisanal miners within eight weeks as it aims to become the only legal buyer from miners in the informal sector. The government is looking to capitalise on soaring demand for rechargeable lithium-ion batteries for electric vehicles and to curb illegal exports which strip the state of needed tax revenue. It is also aiming to end unsafe working practices and child labour. Artisanal miners extract cobalt by hand in precarious conditions, often working on illegal or only semi-regulated sites.… Read More Here
Mining companies in Lualaba pay 1.1 billion USD in terms of taxes and royalties 5 Mining in DRC Mining Companies Taxes 

Mining companies in Lualaba pay 1.1 billion USD in terms of taxes and royalties

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Thirty-nine mining companies based in Lualaba province paid a total of US $ 1.1 billion from June 2018 to June 2021, according to statistics from the Ministry of Mines. According to the source, the equivalent of US $ 1,158,096,167 was paid. According to the provisions of the mining law, 50% of this amount was allocated to the central power, ie USD 579,048,083; 25% of the total amount to Lualaba province, i.e. 289,524,042 USD and 15% to Decentralized Territorial Entities (ETD) (173,714,425 USD) and 10% to the Mining Fund for Future Generations… Read More Here
Barrick working with new DRC govt on outstanding legal, fiscal issues 6 Mining in DRC Mining Policy 

Barrick working with new DRC govt on outstanding legal, fiscal issues

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Gold miner Barrick Gold is strengthening ties with the recently appointed government in the Democratic Republic of the Congo (DRC) and is working towards an “amicable solution of some outstanding legal and fiscal issues”, CEO Mark Bristow has said. Briefing the media about developments at the Kibali mine, in the DRC, and the Tongon mine, in Côte d’Ivoire, at the weekend, he said Barrick’s success in building and operating the Kibali mine in a remote part of the DRC was attributable to the mutually beneficial partnerships it had forged with its in-country… Read More Here
Kibali on track to achieve 2021 production target - Barrick CEO 7 Mining in DRC Mining Companies 

Kibali on track to achieve 2021 production target – Barrick CEO

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After a strong start in the first quarter of 2021, the Kibali gold mine, one of the largest in the world, remained on track at the halfway mark of the year to achieve its annual production guidance, Barrick president and chief executive Mark Bristow said today. Speaking at a media briefing, Bristow added that thanks to an aggressive near-mine exploration program, Kibali was continuing to replace its reserves faster than it was mining them, and now has a resource base that is approaching the 2013 levels when the mine first… Read More Here
Zambian Court halts KCM liquidation, says Vedanta 8 Mining in Zambia 

Zambian Court halts KCM liquidation, says Vedanta

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The Court of Appeal has stayed hearing by a state-appointed provisional liquidator for splitting up Konkola Copper Mines and selling the assets. The stay on KCM liquidation proceedings has been granted to allow Vedanta and the Zambian government to proceed to arbitration, Vedanta Resources said in a filing to the Singapore Stock Exchange on Monday. “Zambian Court of Appeal has granted a stay in respect of any hearing of the merits of the Winding Up Petition and Amended Petition in respect of Konkola Copper Mines plc pending a decision in… Read More Here
DRC: Glencore paid the state $ 424 million in taxes, royalties and other payments in 2020 (report) 9 Mining in DRC Covid-19 Mining Companies Taxes 

DRC: Glencore paid the state $ 424 million in taxes, royalties and other payments in 2020 (report)

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The industrial mining company Glencore present in the Democratic Republic of Congo (DRC) has paid 424 million US dollars to the Congolese government in terms of taxes, duties and royalties. In its report released last weekend, mining giant Glencore said it allocated US $ 331 million in capital spending last year. The same report states that Glencore’s activities have provided employment for 14,500 employees and contractors. It emerges from this report that the set of payments made in 2020 is much lower than the 843.407 million USD paid on behalf… Read More Here
DRC: copper and cobalt keep their prices up this week (Mercuriales Min. Commerce Ext.) 10 Cobalt Copper International 

DRC: copper and cobalt keep their prices up this week (Mercuriales Min. Commerce Ext.)

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Almost all of the Democratic Republic of the Congo’s export commodities are showing rising prices this week on the international market, according to forecasts by the National Mercuriales Commission of the Ministry of Foreign Trade for the period from 12 to 17. July 2021. Copper is trading this week on the international market at $ 9,431.90 per tonne against $ 9,353.40 last week, a positive price differential of $ 78.5, according to Mercuriales forecasts from the Congolese Ministry of Foreign Trade. The same is the case for cobalt which will… Read More Here

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