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Global copper smelting slides in March on Chinese shortages 1 Copper 

Global copper smelting slides in March on Chinese shortages

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Global copper smelting slipped to the lowest levels in at least five years in March as top producer China failed to recover following the Lunar New Year holiday due to supply shortages, data from satellite surveillance of copper plants showed. Weakness was seen across the board as other regions, which had been hit by pandemic-linked lockdowns, failed to make up for decline in China, satellite service SAVANT and broker Marex Spectron said in a joint statement on Thursday. “The margin pressures smelters face from a shortage of concentrates has been… Read More Here
Copper price jumps as Chile close its borders 2 Copper International 

Copper price jumps as Chile close its borders

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Copper price jumped on Monday as investors assessed a decision by Chile to close its borders during April. Copper for delivery in May was up 2.96% by midday, with futures at $4.1075 per pound ($9,035 a tonne) on the Comex market in New York. The world’s top exporter of the metal closed its borders for a month as reported a daily Covid-19 record of 7,830 infections last week, an all-time high for occupied hospital beds, and a nationwide positivity rate of 11%. Chilean citizens and foreign residents are forbidden from entering or… Read More Here
OPERATOR, MOBILE CRANE | MINING CAREER AT FQM, KALUMBILA, SOLWEZI, ZAMBIA 3 Mining Careers Mining in Zambia 

OPERATOR, MOBILE CRANE | MINING CAREER AT FQM, KALUMBILA, SOLWEZI, ZAMBIA

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Requisition Number: JR2674| Country: Zambia | Contract Type: Fixed-Term| Location: Solwezi | Categories: Mining Apply now Purpose To safely operate large mobile cranes between 50 and 200 tons, for all purposes regarding maintenance and construction. 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. Conduct daily inspections on the crane to ensure safe, reliable operation… Read More Here
COORDINATOR, PRODUCTION - DRILLING| MINING CAREER AT FQM, KALUMBILA, SOLWEZI, ZAMBIA 4 Mining Careers Mining in Zambia 

COORDINATOR, PRODUCTION – DRILLING| MINING CAREER AT FQM, KALUMBILA, SOLWEZI, ZAMBIA

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Requisition Number: JR2685| Country: Zambia | Contract Type: On-going| Location: Solwezi | Categories: Engineering Apply now Purpose of the role: Responsible for the management and execution of drilling operations to meet safety, quality, volume and cost targets on a Shift/Crew Key Responsibilities: PLANING AND PROGRAMMING: The Coordinator, Drilling will be responsible for Integrating “on” and “new” work into the production schedule seamlessly by; Implementing drilling plans to meet drilling goals and targets. Ensuring that there is enough manpower and machines to meet drilling targets. Identifying and planning clean-ups on drilling blocks a week in advance with the superintendent. Optimizing… Read More Here
BME launches Blast Alliance brand to encourage blasting technology collaboration 5 Equipment & Technology 

BME launches Blast Alliance brand to encourage blasting technology collaboration

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Blasting technology is moving mining towards a more sustainable future, with BME and its recent launch of the ‘Blast Alliance’ brand looking to add impetus to this evolution. The Omnia Group company has announced that Blast Alliance will encompass its portfolio of digital innovations including its BLASTMAP™ planning software, BME Blasting guide app and XPLOLOG™ cloud data platform. Solutions such as AXXIS™ integration, custom development and training also fall under this brand. “Our new Blast Alliance brand represents the company’s journey of digital innovation and the collaborative approach we take… Read More Here
The provincial government wants to encourage mining operators to pay taxes correctly - DRC 6 Mining in DRC Taxes 

The provincial government wants to encourage mining operators to pay taxes correctly – DRC

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The governor ai of Lualaba, Fifi Masuka Saïni, this Thursday, April 1, sensitized mining operators to respect for tax culture in order to generate the financial means to develop the province in the interest of all. This meeting took place in the presence of senior officers of the FARDC and the Congolese National Police. Through this meeting, Fifi Masuka wants to encourage mining operators to pay taxes correctly. Traders, managers of mining cooperatives as well as state services working in this sector took part in this exchange among others. “Today we have… Read More Here
Barrick’s Strong Balance Sheet and Sustainable Profitability Continues to Support Its Ten-Year Business Plan and Long-Term Success 7 Mining Companies 

Barrick’s Strong Balance Sheet and Sustainable Profitability Continues to Support Its Ten-Year Business Plan and Long-Term Success

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Despite the challenges posed by the global Covid-19 pandemic, Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) (“Barrick”) has emerged even stronger and made significant progress towards becoming the world’s most valued gold company since its transformational merger with Randgold Resources only two years ago, says Executive Chairman John Thornton in the company’s 2021 Information Circular published today. Led by President and Chief Executive Officer Mark Bristow, the Barrick team built on 2019’s excellent performance by capitalizing fully on the higher gold price, delivering on the company’s production guidance, and ending 2020 with one… Read More Here
DRC Government notes a drop in the price of mining products on weekdays on the international market 8 Copper Cobalt Mining in DRC Zinc 

DRC Government notes a drop in the price of mining products on weekdays on the international market

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The prices of most mining products were revised downward during the last week of March 2021. This is indicated by the Economic Conjuncture Committee (CCE) at the end of the meeting held on Wednesday 31st March 2021. According to the CCE, the prices of products such as Copper, Cobalt, Zinc and Manganese have been revised downwards. Since the end of 2020, commodity prices had particularly remained on the rise until the last week of March 2021. “ The Government has noted a drop in the prices of all export mining products,… Read More Here
Kamoa-Kakula Mines and Stockpiles a Record Number of Tonnes of Copper Ore in March 9 Copper Mining in DRC New Mining Projects 

Kamoa-Kakula Mines and Stockpiles a Record Number of Tonnes of Copper Ore in March

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Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Co-Chairs Robert Friedland and Yufeng “Miles” Sun are pleased to announce that the Kamoa-Kakula Copper Project in the Democratic Republic of Congo (DRC) has mined and stockpiled a record number of tonnes of copper ore during the month of March. The project also set a new monthly development record, with an advancement of more than 3,000 metres. Final tonnage calculations and assays are pending for the ore mined during March. The monthly progress update for March, detailing tonnes and grade, as well as the… Read More Here
Gold price bounces back, but set for another monthly loss 10 Gold International 

Gold price bounces back, but set for another monthly loss

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Gold prices clawed back on Wednesday, boosted by a weaker dollar, but are still on pace for a third consecutive monthly loss, as elevated US bond yields dented the haven metal’s appeal. Spot gold rebounded 1.2% to $1,705.91 an ounce by 11:45 a.m. EST, having earlier touched a three-week low of $1,677.61. In New York, gold futures rose 1.1% to $1,704.30 an ounce. The good news for gold investors is that the US dollar edged off a near five-month peak. International Monetary Fund data showed that the dollar’s share of global currency… Read More Here

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