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Willy Kitobo presents 3 mining investment opportunities at the 22nd CANADA-AFRICA Chamber of Commerce Conference

March 10, 2021March 15, 2021 admin

The Democratic Republic of the Congo, through the Minister of Mines, Willy Kitobo, has been invited to participate in the International Conference organized by the Canada – Africa Chamber of Commerce from March 9 to 10, 2021, reports the Communication Unit of the Ministry of Mines . The Minister of Mines intervened in session 2 devoted to mining activities in the DRC to talk about “mineral resources and specific investment opportunities in the Democratic Republic of Congo”. It was exactly around 4 p.m. Kinshasa time and 10 a.m. Toronto time,… Read More Here

Mining in DRC Gold

NGOs welcome the gold sourcing program from LBMA, the global market authority – DRC

March 10, 2021March 10, 2021 admin

Global Witness, along with four other advocacy groups, said on Tuesday that the London Bullion Market Association’s (LBMA) responsible sourcing program had failed to ensure that only responsibly sourced gold, conflict-free and not contaminated with human rights violations is exchanged. worldwide. The five organizations also called on the European Union (EU) not to endorse the LBMA, the world’s most influential gold market authority, which would make imports into member countries problematic. “We had hoped that the publication in September of the first annual responsible sourcing report for LBMA 2020 would address… Read More Here

Equipment & Technology

Tyres will be 100% sustainable by 2050

March 10, 2021March 10, 2021 admin

Inspired by the VISION concept tyre introduced in 2017, an airless, connected, rechargeable and entirely sustainable solution, the Michelin Group is committed to making its tyres 100% sustainable by 2050. Today, nearly 30% of the components used in the manufacture of tyres produced by the Michelin Group are already made from natural, recycled or otherwise sustainable raw materials. A Michelin tyre is a high-tech product comprising more than 200 ingredients. The main one is natural rubber, but the many ingredients also include synthetic rubber, metal, fibres and components that strengthen… Read More Here

Equipment & Technology

Progress made in developing cleaner, safer mining vehicles

March 10, 2021March 10, 2021 admin

The Innovation for Cleaner, Safer Vehicles (ICSV) initiative – a supply chain collaboration comprising the International Council on Mining and Metals (ICMM), its 27 member companies and some of the world’s leading mine vehicle and OEMs – has made significant progress towards understanding what is needed to transform today’s fleet of mining vehicles into tomorrow’s new generation of cleaner, safer vehicles. CHANTELLE KOTZE speaks to ICMM director SARAH BELL to find out more. The ICSV programme was launched in October 2018, in recognition of the ICMM’s stance on climate change,… Read More Here

Lithium Mining in DRC

AVZ signs second offtake agreement in DRC

March 10, 2021March 10, 2021 admin

ASX-listed AVZ Minerals has inked a second long-term offtake agreement with Chinese lithium converter Shenzhen Chengxin Lithium Group for spodumene concentrate from the Manono lithium and tin project, in the Democratic Republic of Congo. Chengxin has agreed to purchase up to 180 000 t/y of spodumene concentrate over an initial three year term, following the start of production at Manono, with the companies having the option to mutually agree to extend the offtake arrangement. “We are very pleased to conclude our discussions with Chengxin and to sign our second lithium… Read More Here

Gold

Shanta Gold takes audited of its East African assets

March 10, 2021March 10, 2021 admin

Shanta Gold, a gold producer based in East Africa, has reported its audited final results for the year ended 31 December 2020 for its East African properties. Its properties include the New Luika Gold Mine and the Singida Project in Tanzania, as well as the West Kenya Project in Kenya. The New Luika Gold Mine and the Singida Project have established ore resources, and the company has exploration licenses covering approximately 1,100 square kilometres in the region. Shanta Gold also owns the West Kenya Mine, which has established ore resources… Read More Here

Uncategorized

Kenya’s mineral potential largely unexploited

March 10, 2021March 10, 2021 admin

If completely exploited, Kenya’s mining sector could contribute up to 12% of the country’s GDP. This is according to a study released this week by the Mineral Rights Board on how to draw mining investment. Significant obstacles found in the report have caused local and foreign investors to steer clear of the market. “The sector is historically funded by development partners and private investors with the government playing a minimal role, hence reduced budgetary allocation and funding,” it said. The report comes a week after Mining Cabinet Secretary John Munyes… Read More Here

Economy

6 reasons why Africa’s new free trade area is a global game changer

March 10, 2021March 10, 2021 admin

AfCFTA, the largest global free trade area by countries participating, could transform the continent’s economic prospects. • It aims to be a model of cross-border cooperation in an era of growing isolationism. • The agreement must overcome implementation challenges to realize its many benefits. The arrival of COVID-19 in 2020 has rapidly reshaped countries, societies and communities. Our response to the pandemic has changed political and social systems and created new social norms. Now the world continues to face a plethora of challenges – including climate change, inequality, technological change,… Read More Here

Copper Mining in DRC New Mining Projects

Ivanhoe completes 80% of phase one work at Kakula

March 10, 2021March 10, 2021 admin

Ivanhoe Mines (TSX: IVN) has completed 80% of phase one work at the Kakula copper mine in the Democratic Republic of Congo (DRC), with first production targeted for July. The company is commissioning the concentrator plant at the Kamoa-Kakula operation, and has stockpiles already totalling over 2.16 million tonnes – containing an estimated 95,000 tonnes of copper. The second phase expansion step remains set to begin during the September quarter of 2022. That phase will double the mill throughput to 7.6Mt/y. Phases 1 and 2 combined are forecast to produce up… Read More Here

Gold International

Gold price returns above $1,700 in ‘short-term bounce’

March 10, 2021March 10, 2021 admin

Gold price rebounded above the $1,700 level on Tuesday, as it gained respite from a retreat in US Treasury yields and the dollar following a slide to a 10-month low in the last session. Spot gold rose 1.8% to $1,714.89 per ounce by 11:25 a.m. EST, but was still trading near its lowest since early June 2020. US gold gained 2.1% to $1,713.70 per ounce in New York. “Given the metal’s zero-yielding nature, falling yields may provide a tailwind for bulls to elevate prices higher,” Lukman Otunuga, senior research analyst at… Read More Here