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Jubilee’s Project Roan starts producing copper 1 Copper Mining in Zambia New Mining Projects 

Jubilee’s Project Roan starts producing copper

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Dual-listed Jubilee Metals’ Project Roan has started production of intermediate copper concentrate for refining at the company’s Sable Refinery, in Zambia. The construction of Phases 2 and 3 remain on target. The copper and cobalt tailings are located in three central locations, Project Roan, Project Elephant 1 and Project Elephant 2. Jubilee plans to build a processing facility at each of the three locations. The extent of the processing facilities is determined by the refining capacity at its Sable Refinery, which is currently limited to 14 000 t/y, though Jubilee has a set target to expand its access to refining capacity, to achieve a targeted 25 000 t/y of copper. The first of… Read More Here
Copper price tops $10,000 a tonne for first time in ten years 2 Copper International 

Copper price tops $10,000 a tonne for first time in ten years

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Copper topped $10,000 a tonne for the first time since 2011, nearing the all-time high set that year as rebounding economies stoke demand and mines struggle to keep up. Prices rose as much as 1.3% to $10,008 a tonne on the London Metal Exchange, before slipping back to trade near unchanged. The metal hit a record $10,190 in February 2011. Copper for delivery in May was down 0.3% midday Thursday, with futures at $4.4860 per pound ($9,8615 a tonne) on the Comex market in New York. Analyst at CRU Group… Read More Here
Lessons From the Last Gold Bull Market 3 Gold International 

Lessons From the Last Gold Bull Market

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In a cyclical industry such as gold mining, it seems simple to practice the concept of “buy low, sell high”. However, it always seems that M&A activity in the gold sector mirrors the gold price, peaking when prices are highest. Of course, buying low is not as simple as it sounds, as when gold is in a bear market, cash flow tightens, debt financing becomes harder to obtain and conservatism creeps into strategic forecasts.  When gold enters a bull market and companies have the money and motivation to acquire new… Read More Here
Copper And Lithium Compete For The Title Of ‘New Oil’ 4 Copper International Lithium Oil & Gas 

Copper And Lithium Compete For The Title Of ‘New Oil’

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Oil remains king of the energy sector, for now, but there’s a conga line of pretenders poised to claim the crown including copper which Goldman Sachs hailed last week as “the new oil”. The reasoning of analysts at the investment bank is that copper will play a key role in the rush to replace vehicles with internal combustion engines with electric vehicles (EVs) as well as being essential in everything else which uses electricity. Whether it’s going too far to award copper the title of commodity king is debatable, but… Read More Here
Glencore maintains full-year guidance as first-quarter production meets expectations 5 Mining Companies 

Glencore maintains full-year guidance as first-quarter production meets expectations

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Diversified miner Glencore’s overall production for the first quarter was broadly in line with the company’s expectations, with production reflecting that many of its operations continue to maintain thorough Covid-19 safe working practices. Full-year production guidance, however, has been maintained for Glencore’s key commodities, while full-year earnings before interest and taxes are expected to be within the top half of the miner’s long-term guidance range of between $2.2-billion and $3.2-billion. Glencore’s own-sourced copper production of 301 200 t was 3% higher year-on-year, mainly as a result of productivity improvements and mine… Read More Here
Rio orders Epiroc's autonomous drills for the Pilbara 6 Equipment & Technology International Mining Supply Tenders 

Rio orders Epiroc’s autonomous drills for the Pilbara

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Swedish mining equipment maker Epiroc has won a SK130 million (US$15.4 million) order from Rio Tinto for autonomous drilling systems to be used at Rio’s iron ore operations in the Pilbara, Australia. Rio Tinto has ordered “several” Pit Viper 271 and SmartROC D65 blast-hole drill rigs, Epiroc said without giving exact fleet numbers. “Rio Tinto is a long-standing customer of Epiroc that is highly focused on innovation and sustainability. Epiroc is proud to be able to support the company on its continuous journey toward higher productivity and optimal safety,” says… Read More Here
AUTO- ELECTRICIAN | MINING CAREER AT FQM, KALUMBILA, SOLWEZI, ZAMBIA 7 Mining Careers Mining in Zambia 

AUTO- ELECTRICIAN | MINING CAREER AT FQM, KALUMBILA, SOLWEZI, ZAMBIA

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Requisition Number: JR77| Country: Zambia | Contract Type: On-Going| Location: Solwezi | Categories: Mining Apply now Purpose of the role: Reporting to the Electrical Shift Supervisor, the position is responsible for assisting in implementation of preventive and responsive electrical maintenance of auto-electrical systems in the mining area, to ensure maximum operational performance is achieved in a safe and cost effective manner while ensuring compliance with relevant procedures, polices, legal requirements and consent conditions Key Duties and Responsibilities: Adhere to the company’s planned and preventive maintenance schedules and procedures. Respond to unplanned breakdowns when on duty timeously. Effectively maintain and… Read More Here
PROCUREMENT OFFICER | MINING CAREER AT FQM, KALUMBILA, SOLWEZI, ZAMBIA 8 Mining Careers Mining in Zambia 

PROCUREMENT OFFICER | MINING CAREER AT FQM, KALUMBILA, SOLWEZI, ZAMBIA

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Requisition Number: JR2834| Country: Zambia | Contract Type: On-Going| Location: Solwezi | Categories: Procurement and Logistics Apply now Overall Job Purpose The Procurement Officers primary responsibility is to issue, confirm and expedite allocated groups of Purchase Orders for goods to support the Processing and Engineering Departments in accordance with site policies and procedures. The Procurement Officer is expected to regularly communicate with suppliers, logistics section, receiving section, freight forwarders and transporters and other stakeholders to ensure goods arrive in required time frame. Procurement Officer shall work as a member of the Commercial team and will be expected to build… Read More Here
DRC: "mines are exhaustible and now we must go to the processing sector" (Albert Yuma) 9 Mining in DRC Mining Process 

DRC: “mines are exhaustible and now we must go to the processing sector” (Albert Yuma)

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Albert Yuma Mulimbi, National President of the Federation of Enterprises of Congo (FEC) called on both economic and political operators to understand the importance of investing in agro-industry since, he argued, we should not remember that mines are exhaustible.  “We asked our members to have two impactful projects for the province for which the FEC, accompanied by certain donors, would provide funding by insisting on agro-industrial projects, because people need to learn that mines are exhaustible and we must now go into the processing sector, especially since our country has… Read More Here
Copper price flies high, but further out forecasts are grim 10 Copper International 

Copper price flies high, but further out forecasts are grim

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Copper was once again approaching the pivotal $10,000 a tonne level on Tuesday, jumping to over $4.50 a pound or $9,940 a tonne in New York amid über bullish sentiment and renewed supply worries in the world’s top producing region. The rally in copper, which has more than doubled in price from its covid-lows, has been fuelled by a widely-held belief that demand for the bellwether metal will receive a massive boost, not just from post-pandemic economic stimulus, but also from a worldwide push for decarbonisation.  Everything to do with the green… Read More Here

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