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Minexx transparently exports DRC minerals with blockchain certified payments

February 24, 2021February 24, 2021 admin

In a world first, Minexx has exported minerals from the Democratic Republic of Congo with full financial traceability, transparency and trust, by processing US$250 000 of digital, blockchain certified payments. This is a milestone for the company and the DRC mining sector as it secures the supply chain from the moment a mineral is mined to the point at which it is used in the manufacture of technology, such as smartphones and electric vehicles. The demand for minerals such as cobalt, copper, tin and tungsten has rapidly increased in line… Read More Here

Copper International

Copper supply expected to run into deficit in 2021 (Analysts)

February 24, 2021 admin

Copper was already trading near its eight-year highs in January, but red metal prices surged again in mid-February, with March contracts hitting $ 4.12 a pound on February 22 – approaching a All-time high of $ 4.58 a pound in 2011., as investors bet the tight supply will increase as the world gradually recovers from the covid-19 pandemic. Natalie Scott-Gray, Senior Metals Analyst at StoneX, predicts demand for copper in 2021 to grow about 5% year-over-year, beating supply, which she expects to grow by 2.3 % year over year. If his forecast comes… Read More Here

Mining Careers Mining in Zambia

SUPERVISOR, CIVIL | MINING CAREER AT FQM, KALUMBILA, SOLWEZI, ZAMBIA

February 24, 2021February 24, 2021 admin

Requisition Number: JR2217| Country: Zambia | Contract Type: On-going| Location: Solwezi | Categories: Engineering Apply now The holder of 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. Accomplish construction project results by defining project purpose and scope ; calculating resources required; establishing standards and protocols; allocating resources; scheduling and coordinating staff and sub-contractors; evaluating milestone assumptions… Read More Here

Mining Careers Mining in Zambia

SHIFT BOSS, PRODUCTION- DRILLING | MINING CAREER AT FQM, KALUMBILA, SOLWEZI, ZAMBIA

February 24, 2021February 25, 2021 admin

Requisition Number: JR2406| Country: Zambia | Contract Type: On-going| Location: Solwezi | Categories: Mining Apply now PURPOSE Surface Mining, the Shift Boss is responsible with the safe, efficient and productive supervising of blast holes within the surface mining operation. Assists the Mine Captain in providing Technical Support to the Drilling Operations Team(s) and oversight to all drilling activities. The incumbent will be expected to perform all duties for this position in accordance with Company Policies, Management Systems, and Standard Operating Procedures. KEY RESPONSIBILITIES Supervise, co-ordinate and schedule the activities of drill workers including requisition materials, supplies, equipment parts, or… Read More Here

International Iron Ore

Global steel production to grow at 32% annual average until 2025 – report

February 23, 2021February 23, 2021 admin

Global iron ore production growth will accelerate in the coming years, bringing an end to the stagnation that has persisted since iron ore prices hit a decade-low average of $55 per tonne in 2015, market analyst Fitch Solutions predicts in its latest industry report. Fitch forecasts global mine output growth to average 2.4% over 2021-2025 compared to the negative 2% over the previous five years. This would lift annual production by 378 million tonnes in 2025 compared to 2020 levels, roughly the equivalent of India and Russia’s combined 2020 output, Fitch says. Brazil Brazil’s iron… Read More Here

Gold International

Gold price rebounds on rising yields, inflation concerns

February 23, 2021February 23, 2021 admin

Gold prices rebounded on Monday despite a jump in US Treasury yields, as expectations for rising inflation triggered equity valuation concerns and drove investors towards the safe haven metal. Spot gold gained 1.0% to $1,810.20 per ounce by 12:25 p.m. EST, its highest in nearly a week, while US gold futures for April delivery rose 1.9% to $1,811.10 per ounce in New York. “We are seeing investment flows into gold as market participants grow more anxious about rising real rates that can impact equity valuations,” TD Securities commodity strategist Daniel… Read More Here

International Iron Ore

Iron ore price bounces back on strong demand and shipment doubts

February 23, 2021February 23, 2021 admin

Iron ore prices bounced back on Monday after a slight decline on Friday, as demand remains strong in China’s steel sector and doubts have been raised about Brazilian shipments. According to Fastmarkets MB, benchmark 62% Fe fines imported into Northern China (CFR Qingdao) were changing hands for $175.96 a tonne, up nearly 1.38% from Friday’s trade. Capacity utilization rates at 247 furnaces across China rose to 92.19% on February 19, from 90.94% before the Lunar New Year holiday. Lower shipments from Brazil are supportive of iron ore prices, according to Brazilian XP Investimentos.… Read More Here

Copper Mining in Zambia

Zambia achieves record high copper production in 2020, minister says

February 23, 2021February 23, 2021 admin

Zambia produced 882 061 t of copper in 2020, up 10.8% from 796 430 t produced in 2019, Mines Minister Richard Musukwa said on Tuesday, calling it a “historical high” for Africa’s second-largest copper producer. Musukwa said Zambia aims to produce more than 900,000 tonnes of copper in 2021, and has a long-term goal of exceeding one-million tonnes in annual production. A worldwide shift to electric cars, which use much more copper than cars using traditional combustion engines, is expected to boost production of the metal, Musukwa said. “The prospects for the… Read More Here

Mining Careers Mining in Zambia

COORDINATOR – TRUCK SHOP | MINING CAREER AT FQM, KALUMBILA, SOLWEZI, ZAMBIA

February 22, 2021February 22, 2021 admin

Requisition Number: JR1610| Country: Zambia | Contract Type: On-going| Location: Solwezi | Categories: Engineering Apply now Job & Candidate Requirements Key Responsibilities: Maintain safe work procedures and promote high safety and health awareness. Promote and comply with the KML Occupational Health and Safety Policy. Provide coaching and mentoring to Supervisors to enable them to understand the critical issues affecting the planned maintenance and Backlog requirements across the Trucks Maintenance Workshop and other Equipment areas. Provide tactical and logistical support to the entire organization, track and support the mine production plans to balance the maintenance activities within the availability goals.… Read More Here

Equipment & Technology

Autonomous conveyor belt cleaning technology now available

February 22, 2021February 22, 2021 admin

A global innovator of conveyor belt cleaning technology has introduced an autonomous tensioning system that continuously monitors and delivers proper cleaner tension. By utilizing Martin Engineering’s intuitive new smart technology platform to maintain proper blade-to-belt pressure, the N2 Twist Tensioner provides the best possible cleaning performance throughout the life of the blade. The system also alerts operators on the Martin Smart Device Manager App when the blade needs changing or if there is an abnormal condition. The result is efficient cleaning, increased safety, reduced labor and a lower cost of… Read More Here