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The DRC exported 1.587 million tonnes of copper in 2020, a record

March 3, 2021March 3, 2021 admin

The mining industry of the Democratic Republic of the Congo exported, according to provisional statistics at the end of December 2020, a volume of 1 million 587,459.35 tonnes of copper against 1 million 420 386 tonnes of copper in 2019 , an increase in production annual rate of 11.7%, according to data from the Ministry of Mines. Since January 2021, the DRC has exported an average per week that varies between 22,000 and 34,000 tonnes for copper in cathode form, according to the same source. With these exports recorded in Haut-Katanga and… Read More Here

Gold

Barrick Proposes Return of Capital Distribution and Declares Dividend

March 3, 2021March 3, 2021 admin

Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) today announced it intends to propose to shareholders a return of capital distribution of approximately $0.42 per share1. Barrick also announced that its Board of Directors has declared a dividend for the fourth quarter of 2020 of $0.09 per share, payable on March 15, 2021, to shareholders of record at the close of business on March 1, 20212. The return of capital will be proposed to shareholders at its Annual and Special Meeting on May 4, 2021. This distribution is derived from a portion of the… Read More Here

Mining Careers Mining in Zambia

SUPERINTENDENT, RELIABILITY | MINING CAREER AT FQM, KALUMBILA, SOLWEZI, ZAMBIA

March 3, 2021March 3, 2021 admin

Requisition Number: JR2475| Country: Zambia | Contract Type: On-going| Location: Solwezi | Categories: Engineering Apply now Purpose of the role: The role of the Reliability Engineer is to track reliability information and identify opportunities for improvement, analyses high maintenance cost across the assets and then find ways to improve reliability or reduce high costs. These improvements and losses are prioritized to focus efforts on the largest/most critical opportunities. The reliability engineer will also identify work for the long and short term maintenance plan in order to enable the safe execution and on time delivery of spares. Continuously review reliability KPI’s, work management… Read More Here

Mining Careers Mining in Zambia

DATA ANALYST-MINING | MINING CAREER AT FQM, KALUMBILA, SOLWEZI, ZAMBIA

March 3, 2021March 3, 2021 admin

Requisition Number: JR2496| Country: Zambia | Contract Type: On-going| Location: Solwezi | Categories: Business Development, Mining Apply now PURPOSE Incumbent will be responsible for driving data analytics, development of data models and algorithims in a scientific manner, KEY RESPONSIBILITIES Work with stakeholder throughout the organization to identify opportunities for leveraging company data to drive business solutions. Mine and analyze data from company databases to drive optimization and improvement Develop custom data models and algorithims to apply to data sets. Coordinate with different functional teams to implement models and monitor outcomes. Knowledge of a variety of machine learning techniques (clustering,… Read More Here

Mining Careers Mining in Zambia

SOFTWARE DEVELOPER | MINING CAREER AT FQM, KALUMBILA, SOLWEZI, ZAMBIA

March 3, 2021March 3, 2021 admin

Requisition Number: JR2483| Country: Zambia | Contract Type: On-going| Location: Solwezi | Categories: Information Technology Apply now PURPOSE Responsible for developing, designing, installation and maintenance of different software systems. KEY RESPONSIBILITIES Analyse user requirements and convert requirements to technical and design specification documents. Develop (.Net framework (Asp.Net, Xamarin)), test and implement new software programs. Writes analytical reports (SQL, DAX, Python, R) from data across different systems within the organization Maintain existing systems Identify areas for modification in existing systems and subsequently developing these systems. Researching, designing, implementing and managing software programs. Provide comprehensive support to internal users, achieve resolution… Read More Here

Equipment & Technology

Metso Outotec launches shutdown packages

March 2, 2021March 2, 2021 admin

Finnish mining equipment company Metso Outotec has launched a range of service packages aimed at improving shutdown performance. The company’s three Shutdown Services programmes include planning and execution activities aimed at easing a customer’s planned shutdown or turnaround. While the Shutdown Readiness package focuses on benchmarking and optimization recommendations, the Shutdown Support package aims at minimizing shutdown duration and maximizing plant availability. Finally, the Shutdown Total Solution package offers additional advisory, management support and execution management options. “Metso Outotec provides expert advisory services, complete shutdown project management, even hands-on labor using… Read More Here

Cobalt Battery Metals International

Battery demand to maintain elevated cobalt prices – report

March 2, 2021March 2, 2021 admin

This year, Fitch Solutions expects a rebound in auto production, coupled with the accelerating EV uptake to keep cobalt prices on an uptrend. These sectors will serve as the primary battery end-market for cobalt chemicals such as cobalt hydroxide, the industry analyst says in its latest report. Battery metals have risen to the forefront of attention in 2021, as major economies continue to embark on green recoveries from the covid-19 pandemic. Cobalt, in both its metallurgical and chemical forms plays an important role in this increasing transition to greener energy infrastructure and… Read More Here

Covid-19 Mining in Zambia New Mining Projects

Gemfields to restart mines after covid-triggered layoffs

March 2, 2021March 2, 2021 admin

Precious gemstones miner Gemfields (LON: GEM) (JSE: GML) said on Monday is ready to resume production at its two flagship mines in Africa, nearly a year after it had to halt operations in response to covid-19. The company confirmed that both its Kagem emerald mine in Zambia and its Montepuez ruby mine in Mozambique would restart production “in a phased manner” in March, with operations ramping up to full scale by the end of April. Gemfields, which returned to the London Stock Exchange’s market for juniors a year ago, suspended all but critical operations at Kagem and… Read More Here

Gold International

Gold price slump continues, set for fifth straight drop

March 2, 2021March 2, 2021 admin

Gold failed to snap out its recent slump and is heading for a fifth straight decline on Monday, as benchmark US Treasury yields advanced once again following the whipsawing of rates seen late last week. Spot gold fell 0.5% to $1,724.86 an ounce by 1:40 p.m. EST, despite seeing gains earlier in the session. US gold futures were also down 0.4% to $1,721.60 an ounce. Meanwhile, the rate on 10-year treasuries jumped three basis points, further diminishing the appeal of the non-interest-bearing metal. The 30-year bond’s yield rose as much as 8… Read More Here

Copper Mining in DRC

DRC: Ivahoe Mines totals 95,000 tonnes of copper in pre-production with its kamoa-Kakula project

March 2, 2021March 2, 2021 admin

Ivanhoe Mines Co-Chairs Robert Friedland and Yufeng “Miles” Sun announced on Monday March 1 that underground ore production at the Kamoa-Kakula copper project in the Democratic Republic of the Congo has for the first time exceeded requirements in steady state of the Phase 1 mill of 3.8 million tonnes per year (Mtpa). In February, the project mined and stored 339,000 tonnes of ore grading 5.50% copper from the Kakula and Kansoko mines. Tonnage was 13% higher than in January, while copper content continued to rise, a company statement reported. The… Read More Here