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Gold price declines as ‘transitory inflation’ view remains intact 1 Gold International 

Gold price declines as ‘transitory inflation’ view remains intact

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Gold prices slipped on Friday as treasury yields rebounded from near a three-month low and the US dollar strengthened, with some investors betting that the recent rise in US consumer prices is only temporary. Spot gold dropped nearly 1.0% to $1,879.82 per ounce by 11:50 a.m. ET, after touching an intraday low of $1,875.22 earlier. US gold futures were down 0.8%, trading at $1,880.50 per ounce. Data on Thursday showed the US consumer price index rose 0.6% in May, more than forecast and the second-largest advance in more than a… Read More Here
Epiroc signs new cooperation agreement with Baosteel-owned Meishan underground iron ore mine 2 Iron Ore Mining technology 

Epiroc signs new cooperation agreement with Baosteel-owned Meishan underground iron ore mine

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On June 1, 2021, in order to jointly promote the construction and application of digitalisation, intelligence and automation of underground mining equipment, Epiroc and Baosteel Resources-owned underground iron ore miner Meishan Mining Company held a signing ceremony in Nanjing to mark a new major customer cooperation agreement, including an intelligent mine project. Meishan Mining Company built the mine in 1961 and it is a large domestic iron ore underground mine, currently producing 5 Mt/y of ore and 2.5 Mt/y of concentrate. At the end of the 1980s, Meishan started cooperation… Read More Here
Zambia implored to make tax changes 3 Mining tax Mining in Zambia 

Zambia implored to make tax changes

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Zambian government has been urged to address impediments to investment inflows and production growth, and to guarantee stable tax policies. Zambia Chamber of Mines president Dr Godwin Beene this week said it was imperative to rectify negative investor perceptions of the mining sector in the country. “Our sector, like any other sector that thrives on engagement with foreigners, is sensitive to public perception. Since the year 2000, when Zambia’s investment policy changed, the new mining sector has been battling a bad press leading to Government putting various measures in place… Read More Here
SUPERINTENDENT, MECHANICAL | MINING CAREER AT FQM, KALUMBILA, SOLWEZI, ZAMBIA 4 Mining Careers Mining in Zambia 

SUPERINTENDENT, MECHANICAL | MINING CAREER AT FQM, KALUMBILA, SOLWEZI, ZAMBIA

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Requisition Number: JR3227| Country: Zambia | Contract Type: Fixed Term| Location: Solwezi | Categories: Engineering Apply now Key Responsibilities The holder of this position will be required to adhere to all relevant requirements, policies, procedures and legal regulations pertaining to health, safety, environment and quality, as well as finance, human resources, and any other regulations as required by the company and relevant to the level of the role and responsibilities of the function. Responsible for the supervision of engineering maintenance for Gravity Concentrators i.e Knelson and Falcon Machines Ensuring the compliance of statutory inspections is done in a timely… Read More Here
BARMAN | MINING CAREER AT FQM, KALUMBILA, SOLWEZI, ZAMBIA 5 Mining Careers Mining in Zambia 

BARMAN | MINING CAREER AT FQM, KALUMBILA, SOLWEZI, ZAMBIA

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Requisition Number: JR3223| Country: Zambia | Contract Type: Fixed Term | Location: Solwezi | Categories: Services Apply now Purpose To offer an efficient and exemplary bar tendering service to the patrons of club. 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, as well as finance, human resources, and any other regulations as required by the company and relevant to the level of the role and responsibilities of the function. To offer a fast, efficient and accurate service to the satisfaction of customers;… Read More Here
Copper boom: how clean energy is driving a commodities supercycle 6 Copper Energy 

Copper boom: how clean energy is driving a commodities supercycle

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Demand is set to explode with the rise in renewables technology, but years of under-investment threaten to leave supply short. Kamoa-Kakula in the Democratic Republic of Congo is a rare commodity in the modern resources industry: a high-grade copper mine that one day could produce enough metal to satisfy more than 5 per cent of China’s annual demand. Surrounded by small villages, the mine employs around 7,000 workers and has its own road for trucks to carry rock to a nearby smelter. The company is also upgrading a 40-year-old hydropower… Read More Here
DRC: NGOs demand interministerial decree on 0.3% allocation for community development in mining areas 7 Mining in DRC 

DRC: NGOs demand interministerial decree on 0.3% allocation for community development in mining areas

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Civil society organizations invite the Ministers of Mines and Social Affairs to sign without delay the order approving the Manual of procedures and management of the 0.3% endowment for community development in mining areas. Civil society organizations that are members of the Platforms for Coordination of Actions for the Governance of Natural Resources, Makuta ya Maendeleo and Congo N est Pas à Vente (CNPAV), in a press release published this Friday, June 11, 2021, invite the ministers of Mines and Social Affairs to sign “without delay” the interministerial decree approving… Read More Here
Copper price retreats on Chinese price curb concerns 8 Copper International 

Copper price retreats on Chinese price curb concerns

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Copper prices retreated on Thursday as worries of price controls resurfaced after Chinese authorities vowed to keep a tab on surging commodity costs. Copper for delivery in July was down 1.1% from Wednesday’s settlement price to $4.48 per pound ($9,856 per tonne) early Thursday afternoon on the Comex market in New York. The most-traded July copper contract on the Shanghai Futures Exchange dipped 0.2% to 71,480 yuan ($11,200) a tonne. China’s state planner on Wednesday renewed its pledge to step up monitoring of commodity prices and strengthen supervision of spot… Read More Here
Sandvik expects bigger market for battery-driven mining gear in two to three years 9 Equipment & Technology Mining technology 

Sandvik expects bigger market for battery-driven mining gear in two to three years

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Sandvik expects the market for battery-electric underground mining equipment to hit a higher gear in two to three years, as mining companies attempt to lower emissions and cut costs. With an electrification boom looming, Sandvik, whose competitors include Epiroc and Caterpillar, could sell more electric than diesel-driven underground mining kit in ten years, its mining business head said. Although Sandvik has some 30 battery-electric loaders and trucks in underground mine production, which it says is more than any competitor, these make up less than 0.5% of its total fleet of loaders and… Read More Here
New report shows divergences in implementation of EU Conflict Minerals Regulation by member states 10 International 

New report shows divergences in implementation of EU Conflict Minerals Regulation by member states

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A coalition of European NGOs working on responsible mineral sourcing today publishes a report taking stock of the implementation of the European Conflict Minerals Regulation by the Member States of the European Union (EU) . The report highlights the shortcomings of the Regulation and the general lack of transparency which prevents effective monitoring of companies. The European Conflict Minerals Regulation, also known as the Responsible Mineral Sourcing Regulation, entered into force on January 1, 2021. By now, each EU member state is expected to have in place a competent authority for… Read More Here

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