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Gold price on track for highest close in 6 weeks 1 Gold International 

Gold price on track for highest close in 6 weeks

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Gold prices advanced to their highest in more than a week on Tuesday as gains in bond yields and the dollar abated. Spot gold saw a gain of 0.9% to $1,743.80 an ounce by 12:25 p.m. EST. Gold futures also advanced 0.9% to $1,745.30 an ounce in New York. Should it close at its intraday high of $1,746.70, it would be the highest close in nearly six weeks. In the meantime, treasury yields edged down from a recent high, increasing the allure of bullion, which yields no interest. The dollar… Read More Here
DRC: ACAJ calls on Sele Yalaghuli to revert its decree on the distribution of royalties and fees for services rendered to the export of mining products 2 Mining in DRC 

DRC: ACAJ calls on Sele Yalaghuli to revert its decree on the distribution of royalties and fees for services rendered to the export of mining products

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The Congolese Association for Access to Justice (ACAJ) calls on Sele Yalaghuli to report his ministerial decree, dated March 15, 2021, by which he revised the ministerial decree of October 20, 2017 amending and supplementing the ministerial decree of December 23, 2015 fixing the one-stop-shop for collection and the terms and conditions for the distribution of royalties and fees provided for in remuneration of services rendered to the export of mining products. In its letter to the Minister of Finance on Monday, March 29, the ACAJ noted that this decree was not passed… Read More Here
DRC: Sama Lukonde and UNIDO Director discuss possibilities of creating industries for local processing of natural resources 3 Mining in DRC Mining Personality 

DRC: Sama Lukonde and UNIDO Director discuss possibilities of creating industries for local processing of natural resources

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The Regional Director of the United Nations Industrial Development Organization (UNIDO) in Central and West Africa, Jean Bakole was received Thursday April 01, 2021 by Prime Minister Sama Lukonde Kyenge. At the end of the hearing, Jean Bakole said that this meeting with the Prime Minister made it possible to analyze the possibilities of creating industries for the local transformation of natural resources in the Democratic Republic of the Congo. “We discussed the appropriate strategies to engage the country in the local transformation of natural resources and the diversification of… Read More Here
Gold price steadies as US jobs report fuels recovery optimism 4 Gold International 

Gold price steadies as US jobs report fuels recovery optimism

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Gold prices steadied during the holiday-thinned trading session on Monday as robust US jobs data fueled hopes for a rapid economic recovery and bolstered global equities, suppressing bullion’s appeal. Spot gold saw a slight gain of 0.1% to $1,731.80/oz by 11:40 a.m. EST, while US gold futures rose 0.2% to $1,732.20/oz. An earlier report showed that employers in the US added the most jobs in seven months during March, as more coronavirus vaccinations and fewer business restrictions bolstered labor market recovery. Non-farm payrolls increased by 916,000 from February, according to a Labor Department… Read More Here
Saudi Arabia of cobalt: Congo eyes battery-metal price power 5 Mining in DRC Battery Metals Cobalt International 

Saudi Arabia of cobalt: Congo eyes battery-metal price power

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Democratic Republic of Congo, the world’s main source of vital battery ingredient cobalt, is also one of the poorest nations. And while it’s dominated by huge industrial mines, about a fifth of its silvery-blue metal is still hand-dug, in often unregulated and dangerous conditions. Jean-Dominique Takis Kumbo, the head of the new state cobalt buyer, is determined to change that. His Entreprise Generale du Cobalt will have a monopoly on all hand-dug cobalt in the central African country, giving it power to improve working conditions and potential control of nearly… Read More Here
Barrick Gold CEO Says Its Dividend Is ‘Sustainable’ 6 Gold International 

Barrick Gold CEO Says Its Dividend Is ‘Sustainable’

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Barrick Gold CEO Mark Bristow says the company will be smart about any acquisitions and that its quarterly dividend of 9 cents a share is “sustainable” even if gold prices, now at $1,729 an ounce, decline to $1,200. In an interview with Barron’s, Bristow said that Toronto-based Barrick (ticker: GOLD), which shares leadership of the gold industry with Denver-based Newmont (NEM), has “the industry’s best assets, strongest balance sheet with no net debt, and the best people.” Barrick shares are down 10% this year to around $20 as gold prices… Read More Here
DRC: Minister of Mines discusses with miners on the issue of mineral processing at national level 7 Mining in DRC Mineral Processing 

DRC: Minister of Mines discusses with miners on the issue of mineral processing at national level

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DRC Minister of Mines, Willy Kitobo SAMSONI, has been in Lubumbashi since March 28, 2021 for a consultation workshop with mining operators on: “- the question of the assessment of the moratorium on the authorization to export copper concentrates and cobalt signed on October 12, 2020 which expires on April 12, 2021; – the question of the two important innovations of the 2018 mining law which should benefit local communities but which suffer from the non-effective application, namely, the specifications and the allocation of 0.3% of annual turnover ”. In… Read More Here
The Industrialization Master Plan in DRC has been validated with the support of Congo Challenge 8 Mining in DRC 

The Industrialization Master Plan in DRC has been validated with the support of Congo Challenge

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Finally, the Democratic Republic of the Congo has an Industrialization Master Plan. This document promoting the industrialization of the country was validated on Friday, March 26, 2021 in Kinshasa during a ceremony organized in the presence of the Minister of Industry, Julien Paluku, sectoral ministries, delegations of the Presidency of the Republic and the Prime Minister, as well as representatives of the Federation of Congo Businesses (FEC). On this occasion, Michaël-Ange Lokota, Managing Director of Congo Challenge, which is the Think Tank that contributed to the development of this Industrialization Master… Read More Here
The provincial government in DRC calls on mining companies to respect specifications in favor of indigenous communities 9 Mining in DRC Corporate social responsibility 

The provincial government in DRC calls on mining companies to respect specifications in favor of indigenous communities

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Georges Mawine Kaindu, Provincial Minister of Mines and Hydrocarbons in Haut-Katanga called on miners operating in the provinces to respect the development of specifications in favor of indigenous populations. Which, according to him, falls within the framework of their social responsibility. “The provincial government of Haut-Katanga, through its Ministry of Mines, invites all mining companies to proceed with the development of specifications in favor of local communities and execute them as soon as possible at the risk of undergo the rigor of the law “said this Thursday, Georges Mawine Kaindu, Provincial… Read More Here
ROPE SHOVEL SPECIALIST | MINING CAREER AT FQM, KALUMBILA, SOLWEZI, ZAMBIA 10 Mining Careers Mining in Zambia 

ROPE SHOVEL SPECIALIST | MINING CAREER AT FQM, KALUMBILA, SOLWEZI, ZAMBIA

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Requisition Number: JR1722| Country: Zambia | Contract Type: On-going| Location: Solwezi | Categories: Engineering Apply now Purpose of the role: Implement and continuously improve the equipment maintenance strategy for the loading equipment and ensure they are effectively executed including all preventative maintenance tasks and condition monitoring data collection. Ensure world* class maintenance indicators across the loading units’ fleet. Manage shutdowns, rebuilds, major component replacementtasks accordingly to high maintenance and safety standards ensuring a quality and timely execution. Key Responsibilities: The specific tasks to be performed by the position holder will include; Ensure all repairs and maintenance activities are carried… Read More Here

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