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Red Rock starts drilling at DRC copper/cobalt project 1 Cobalt Copper Mining in DRC 

Red Rock starts drilling at DRC copper/cobalt project

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London-listed explorer Red Rock Resources has started a 2 000 m reverse circulation drill programme to delineate a resource on the Luanshimba copper/cobalt project, in the Haut-Katanga province of the Democratic Republic of Congo (DRC). Samples from 20 or more holes of drilling will be sent for assaying in South Africa. The drill programme is being carried out by Rubaco, with geological support from Minerals Exploration Associates. Red Rock chairperson Andrew Bell says the company is optimistic about the potential of this site and, given the exploration results to date, it has designed the initial drill programme to test for a shallow-depth mineralised zone. Some… Read More Here
Gold exploration in Zambia Mining in DRC Gold New Mining Projects 

Central African Gold acquires DRC gold project, financing

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Central African Gold (TSXV:CAGR) announced today that it acquired multiple precious and base metals projects located in the Democratic Republic of Congo. Central African signed a deal with La Societe Miniere de Bakwanga SA (MIBA) to enter a joint venture to develop and exploit the Musefu Gold Project located in Kasai Central Province in southern DRC. Kevin Torudag, Senior Advisor to the Corporation, stated: “The Musefu Gold Project is a significant land package controlled by a state owned mining company. It has been of interest and had earlier work completed… Read More Here
COMPANY PROFILE : ABOUT BEKA SCHRÉDER 2 About Company 

COMPANY PROFILE : ABOUT BEKA SCHRÉDER

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BEKA Schréder (Pty) Ltd is Africa’s leading manufacturer of Luminaires and Glass Fibre Reinforced polyester (GRP) Poles. Our objective is to provide the right lighting solutions by optimising the optical and mechanical design of luminaires. Using contemporary technologies, our goal is to always offer intelligent and sustainable lighting solutions in order to reduce energy consumption, as well as the overall cost of ownership. BEKA Schréder (Pty) Ltd started operations in 1978 in Namibia, a country that has one of the most corrosive climates in the world. The first products in… Read More Here
DRC: the "Makuta ya Maendeleo" consortium notes inconsistencies in 2018-2020 EITI report on mining royalties 3 Mining in DRC 

DRC: the “Makuta ya Maendeleo” consortium notes inconsistencies in 2018-2020 EITI report on mining royalties

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The Makuta ya Maendeleo Consortium, which works for the good governance of revenues for local communities, has published its analysis of the relaxed EITI i report, published in late March 2021, covering fiscal years 2018-2019 and the first half of 2020. This report covers a wide range of more up-to-date information including that relating to the mining royalty intended for sub-national levels. The analysis carried out by Makuta ya Maendeleo consisted of evaluating the completeness and quality of the declarations as well as identifying the problems and challenges related to… Read More Here
ARTISAN, HER - ANCILARY | MINING CAREER AT FQM, KALUMBILA, SOLWEZI, ZAMBIA 4 Mining Careers Mining in Zambia 

ARTISAN, HER – ANCILARY | MINING CAREER AT FQM, KALUMBILA, SOLWEZI, ZAMBIA

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Requisition Number: JR3353 | Country: Zambia | Contract Type: On-going| Location: Solwezi | Categories: Mining Apply now ARTISAN, HER – Ancillary Role Summary Reporting to the Foreman, the Artisan HER will safely execute all maintenance repairs on all ancillary equipment on site according to the prescribed standards while ensuring his own safety and that of others. Responsibilities Maintains all ancillary equipment by completing inspections and preventive maintenance requirements. Examine parts for damage or excessive wear. Keep equipment available for use by inspecting, testing, completing preventive maintenance and carrying out component change outs. Diagnose machine faults in a timely and… Read More Here
Company profile: About AVZ Minerals 5 About Company Mining in DRC 

Company profile: About AVZ Minerals

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AVZ Minerals Limited is a mineral exploration company focused on developing the Manono Project, potentially one of the world’s largest lithium-rich LCT (lithium, caesium, tantalum) pegmatite deposits. Manono is located in the south of the Democratic Republic of Congo (DRC) in central Africa. AVZ’s objective is to leverage its significant DRC, financial and project development expertise to advance the Manono Project up the value curve. AVZ is listed on the Australian Securities Exchange (ASX: AVZ). The Manono Project is owned by AVZ (60%), La Congolaise d’Exploitation Minière SA (25%) (Cominiere,… Read More Here
Company Profile: About Maamba Collieries 6 About Company Mining in Zambia 

Company Profile: About Maamba Collieries

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Maamba Collieries Limited (MCL) is the largest coal mining company in Zambia. It is a subsidiary of Nava Bharat (Singapore) Pte. Limited which holds a majority equity stake. The balance equity is held by ZCCM Investments Holdings Plc., a Government of Republic of Zambia undertaking. The Company’s Works and Head Office are located at Maamba town in Sinazongwe district of Southern Province which is about 350 km from Lusaka, the capital city of Zambia and maintains its Corporate Office in Lusaka. The Company has total estimated reserves of 140 million tonnes comprising… Read More Here
DRC: downward trend in metal export prices on the market from June 26 to July 3, 2021 (Mercuriale) 7 Cobalt Copper Tin Zinc 

DRC: downward trend in metal export prices on the market from June 26 to July 3, 2021 (Mercuriale)

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The main export metals from the Democratic Republic of the Congo show a downward trend in their prices in the period from June 26 to July 3, 2021 compared to the prices recorded a week before this period, inform the data of the National Commission of Mercurials of price, a structure attached to the Ministry of Foreign Trade. Copper prices this week are estimated at $ 9,237.20 per tonne compared to $ 9,759.60 in the period June 21-26, either a deviation of -522.4 $ or a downtrend. The same is… Read More Here
Copper price down as China industrial profits slow 8 Copper International 

Copper price down as China industrial profits slow

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Copper price fell again on Monday as slowing profit growth in industrial firms in China metals, rising inventories and low premiums sapped enthusiasm for the metal. Copper for delivery in September fell 0.3% from Friday’s settlement price, touching $4.276 per pound ($9,407 per tonne) midday Monday on the Comex market in New York. Profit growth at China’s industrial firms slowed again in May as surging raw materials prices squeezed margins and weighed on factory activity. On-warrant inventories of copper in LME-registered warehouses have jumped to their highest since May 2020,… Read More Here
DRC-Rwanda: Tshisekedi and Kagame to regulate illegal exploitation in gold sector and establish peace 9 Mining in DRC Gold 

DRC-Rwanda: Tshisekedi and Kagame to regulate illegal exploitation in gold sector and establish peace

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The two-day exchanges between Congolese President Félix Tshisekedi and his Rwandan counterpart Paul Kagame resulted in the signing of three bilateral trade agreements. According to the presidency of the Democratic Republic of Congo, one of the agreements concerns traceability in the exploitation of gold. With this in mind, the Congolese presidency, in a press release, announced that Sakima SA (Société aurifère du Kivu et du Maniema) and the Rwandan company Dither Ltd have signed a memorandum of understanding for cooperation in order to deprive armed groups of income from illicit gold… Read More Here

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