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Kagem rolls out Covid-19 vaccination programme 1 Covid-19 Mining in Zambia 

Kagem rolls out Covid-19 vaccination programme

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Kagem Mining in Lufwanyama, has fulfilled its pledge to acquire the Covid-19 vaccine and ensure its staff and their dependents are vaccinated during the nationwide vaccination programme roll out. The mine, which is 75% owned by London-based Gemfields Limited and 25% by the Zambian Government’s Industrial Development Corporation, is setting the corporate pace in facilitating voluntary mass vaccination of its employees by the Ministry of Health, following the arrival of the AstraZeneca vaccine in the country. Kagem saw over 250 of its workforce vaccinated against the virus on the first… Read More Here
Copper price keeps soaring while ICSG predicts 79,000 tonnes surplus in 2021 2 Copper International 

Copper price keeps soaring while ICSG predicts 79,000 tonnes surplus in 2021

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The global copper market should see a surplus of 79,000 tonnes this year and of 109,000 tonnes in 2022, the International Copper Study Group (ICSG) said on Monday. “After three years of remaining essentially unchanged, world copper mine production, adjusted for historical disruption factors, is expected to increase by about 3.5% in 2021 and 3.7% in 2022,” ICSG said in a press release. “In 2021, global output is expected to recover from 2020 constrained levels and benefit from increased supply resulting from the ramp-up of recently commissioned mines,” ICSG said. Major projects… Read More Here
Manono Lithium and Tin Project Operational Update 3 Lithium Battery Metals Mining in DRC New Mining Projects Tin 

Manono Lithium and Tin Project Operational Update

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AVZ Minerals Limited (ASX:AVZ or “the Company”) is pleased to provide an operational update in relation to its flagship project, the Manono Lithium and Tin Project (“Manono Project”).AVZ Minerals Managing Director, Mr. Nigel Ferguson said: “Buoyant market conditions continue with both spodumene concentrate and lithium chemical prices strengthening on the back of rising electric vehicle demand, just as international Government policies advance the reduction of carbon emissions whilst securing strategic supply chains that feed domestic EV industries across the globe.” “Both market and geopolitical factors have fuelled a steep increase… Read More Here
Gécamines has been dispossessed of 48.8 million tonnes of minerals - DRC 4 Copper Cobalt Mining in DRC Zinc 

Gécamines has been dispossessed of 48.8 million tonnes of minerals – DRC

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The president of the FEC (Fédération des entreprises du Congo) and Chairman of the Board of Directors of Gécamines, Albert Yuma, revealed, during an academic meeting at the Economic and Social Council on Monday, May 3, that the company He State Gécamines lost most of its mining heritage through joint ventures over 54 million tonnes of minerals in the period between 1996 and 2008. In his opinion, one of the causes of the current paradoxical situation of the DRC, a country with a geological scandal but poor, is linked “to… Read More Here
Albert Yuma pinpoints 5 causes of low mining revenues in DRC 5 Mining in DRC Mining revenue 

Albert Yuma pinpoints 5 causes of low mining revenues in DRC

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The Democratic Republic of the Congo, although endowed with immense mineral resources which make it a geological scandal, is poor, like its population who live on less than US $ 500 per year per person. If the mining sector made a strong contribution to national income between 1965 and 1990, it can be observed that over the past thirty years, mines have not been able to lift the DRC out of poverty. Albert Yuma, president of the Fédération des entreprises du Congo (FEC) and chairman of the Board of Directors… Read More Here
DRC: Albert Yuma's vibrant call for the application of the revised Mining Code 6 Mining in DRC 

DRC: Albert Yuma’s vibrant call for the application of the revised Mining Code

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Invited to lead an academic session on Monday, May 3, 2021 at the Economic and Social Council (CES), the President of the FEC, Albert Yuma Mulimbi, gave a presentation on the theme: “The challenges of the revised Mining Code”. For the speaker of this academic session, the main issue now for the revised Mining Code is that there is a common front of the country’s leaders for its effective application. Hence, Albert Yuma’s invitation to the Councilors of the Republic to “accompany the fight” of the application of the revised… Read More Here
DRC/Zambia: Is copper Africa’s new oil? 7 Mining in DRC Copper Mining in Zambia 

DRC/Zambia: Is copper Africa’s new oil?

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Until now, professionals in the mining sector thought that the charismatic Robert Friedland, CEO of Ivanhoe Mines, which is developing the Kamoa-Kakula copper megaproject in the DRC, was simply looking out for his best interests when he presented copper as the  ‘metal of the future’ at his investor conferences. But now many analysts share his point of view, including those at Goldman Sachs, who in early April published a research note titled Copper is the new oil, that is causing a stir among commodity traders. In this 30-page document, Goldman Sachs argues that there… Read More Here
Anglo American CEO: “45% of the world’s economic activity driven by the mining sector” 8 Uncategorized 

Anglo American CEO: “45% of the world’s economic activity driven by the mining sector”

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Tasked with talking about the role of mining in society as part of the opening plenary at this year’s virtual CIM convention, Anglo American(LSE: AAL) chief executive Mark Cutifani didn’t mince words. With a world population of 7.6 billion that’s growing toward 9 billion, “the simple fact is that the world cannot survive without mining and our contribution to literally every aspect of modern life,” Cutifani said. Cutifani noted that other critical sectors, including energy, food production, construction, transportation, renewables infrastructure and communications all rely on mining. “In fact, 45%… Read More Here
Eurasian Resources to support elimination of child labour in DRC 9 Mining in DRC Cobalt 

Eurasian Resources to support elimination of child labour in DRC

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Eurasian Resources announced that it has submitted an Action Pledge to strengthen its commitment to eliminate child labour in the cobalt mining sector in the Democratic Republic of Congo (DRC), where Unicef has estimated that close to 40,000 children are engaged in mining activities. The Action Pledge is administered by the International Labour Organisation and the Alliance 8.7. The mechanism aims to accelerate efforts to eradicate child labour worldwide in support of the UN’s designation of 2021 as the International Year for the Elimination of Child Labour.  In terms of… Read More Here
SENTINEL’S FIRST QUARTER PRODUCTION UP 3 PERCENT 10 Mining in Zambia 

SENTINEL’S FIRST QUARTER PRODUCTION UP 3 PERCENT

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Production at First Quantum Minerals’ Sentinel Mine for the first quarter of 2021 was broadly in line with the company’s expectations, with production increasing by 3% year-on-year, according to the company’s latest results announcement to shareholders. Innovation helped ensure robust management of costs, reducing the unit cost of production, but savings were outweighed by a dramatic rise in mineral royalty tax as a result of high world copper prices that pushed the country’s largest taxpayers to the highest level of the tiered tax system. The 58,252 tonnes of production during… Read More Here

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