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Glencore to pay $1.6bn dividend, will consider ‘top up’ payment on strong 2021 prospects 1 Taxes 

Glencore to pay $1.6bn dividend, will consider ‘top up’ payment on strong 2021 prospects

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GLENCORE resumed the dividend payment as previously flagged saying in its 2020 year-end presentation today it would pay out 0.12 US cents per share, equal to $1.6bn in total. It added, however, that it would consider a “top-up” payment at the interim stage in June given that annualised free cash flow as of end-January had been $7.2bn. The group added it had a preference for dividends over share buy-backs. The decision to press ahead with a dividend payment was partly based on having becalmed the balance sheet. Net debt came in… Read More Here
Copper prices reached USD 8,436 per tonne on Monday February 15, the highest level in 8 years 2 Copper 

Copper prices reached USD 8,436 per tonne on Monday February 15, the highest level in 8 years

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Copper prices resumed their rally on Monday, reaching their highest level since 2012, amid concerns over a market deficit caused by tight supply and strong demand for the industrial metal. There has also been speculation that more factories in China, the world’s largest consumer, have remained open during the Lunar New Year holidays, keeping demand for copper high during what is normally considered a period of downturn. industrial. Copper contracts rose 1.0% to $ 3.8265 per pound (about $ 8,436 per tonne) as of noon EST on ExCom. The base metal is… Read More Here
DRC President Felix Tshisekedi appoints Sama Lukonde Kyenge as PM 3 Mining in DRC Mining Personality 

DRC President Felix Tshisekedi appoints Sama Lukonde Kyenge as PM

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The appointment on Monday of Sama Lukonde Kyenge, the director general of Gecamines and ally of the president, should help Tshisekedi install a more loyal cabinet to push through his agenda. Former Prime Minister Sylvestre Ilunga Ilunkamba, a close confidant of Kabila, resigned from the post on January 28 following a vote of no confidence in the country’s parliament. It came amid an intensifying power struggle that saw Tshisekedi announcing in December he wanted to break free of a power-sharing deal with Kabila he had entered in the aftermath of a widely… Read More Here
Africa: Covid-19 Death Toll Nears 99,000 Across Continent 4 Uncategorized 

Africa: Covid-19 Death Toll Nears 99,000 Across Continent

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As of February 15, confirmed cases of Covid-19 from 55 African countries reached 3,753,174. Reported deaths in Africa reached  98,475  and  3,290,153  people have recovered. South Africa has the most reported cases –  1,491,807 – and  47,899  people died. Other most-affected countries are Morocco ( 478,474 ), Tunisia ( 223,244 ), Egypt ( 173,813 ), Ethiopia ( 147,092 ), and Nigeria ( 146,184 ). The numbers are compiled by the Center for Systems Science and Engineering (CSSE) at Johns Hopkins University (world map) using statistics from the World Health Organization and… Read More Here
Mines: an improvement in tin prices expected in 2021 5 Tin 

Mines: an improvement in tin prices expected in 2021

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Financial risk management, solutions and information firm Fitch Solutions Country Risk and Industry Research expects global tin mine production to rebound this year as mines in Indonesia and Peru are not not hampered by government restrictions and can operate profitably in a higher tin price environment. Tin mine production is expected to grow by almost 97% year on year to reach 323,800 t. However, over the next decade, Fitch Solutions expects modest growth but slower than in the period 2010-2019, due to rising tin prices. He says that globally the tin… Read More Here
Botswana names Canadian firm as preferred bidder for copper mine 6 Copper 

Botswana names Canadian firm as preferred bidder for copper mine

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Botswana picked Premium Nickel Resources as the preferred bidder for its shuttered copper mining group BCL, according to Mmetla Masire, the permanent secretary for the Ministry of Mineral Resources, Green Technology and Energy Security. The privately owned Canadian minerals investor has six months to conduct due diligence before making an offer for the State-owned miner, Trevor Glaum, BCL’s liquidator, said in a February 11 memorandum to remaining workers at the group. Glaum couldn’t be reached for comment on the memo. Premium Nickel is seeking $26.5-million of financing to be used for its due-diligence process, according to a January presentation on the website of… Read More Here
2,500 Zambian Villagers to be Compensated by British Mining Company 7 Mining in Zambia Mining Chemicals 

2,500 Zambian Villagers to be Compensated by British Mining Company

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Time to Pay for Damage Done Over 2,500 villagers in Zambia are to be financially compensated by a British mining company for significant water pollution to the region’s waterways. ”Vedanta broke the law in Zambia and Zambians are the victims says Richard Musukwa Mining Minister of Zambia @MiningIndaba200 @Mining_Online #Zambia @Vedanta- Leon Louw” Twitter In a joint statement issued late last month, the villagers, represented by Leigh Day solicitors, and Vedanta Resources Ltd said: “Without admission of liability, Vedanta Resources Limited and Konkola Copper Mines Plc confirm that they have… Read More Here
DRIVER, BUS | MINING CAREER AT FQM, KALUMBILA, SOLWEZI, ZAMBIA 8 Mining Careers Mining in Zambia 

DRIVER, BUS | MINING CAREER AT FQM, KALUMBILA, SOLWEZI, ZAMBIA

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Requisition Number: JR394 | Country: Zambia | Contract Type: Fixed-Term| Location: Solwezi | Categories: Operations / General Management Apply now To safely drive staff buses at the Kansanshi Mine Site operation as my be required. REQUIREMENTS Key Responsibilities: Transport employees over specified routes to local or distant points according to time schedule Ensure the safety and well-being of all passengers on the bus i.e. seat beats should be worn by all passengers before under-taking of any trip Should ensure that log books and pre-start check-lists are filled up correctly and submitted daily Should comply with all local traffic regulations… Read More Here
Tanzanian authorities issue 3 Prospecting Licences Deccan Gold Tanzania 9 Gold 

Tanzanian authorities issue 3 Prospecting Licences Deccan Gold Tanzania

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Mining authorities in Tanzania have issued three Prospecting Licences (PLs) in favour of Deccan Gold (Tanzania), a subsidiary of the group (DG Tanzania), this is according to Deccan Gold Mines. On 08 February 2021, DG Tanzania was officially told in this regard by the Commissioner for Minerals and Mines, Ministry of Minerals and Mining Commission, Tanzania. In the next few days, the remaining two PL applications which have already been recommended are scheduled to be granted. According to reports, DG Tanzania submitted 5 PL applications as per Section 123 of… Read More Here
Gemstone Value Addition Plant Set to Transform Kenya 10 Gemstones 

Gemstone Value Addition Plant Set to Transform Kenya

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In a move that is set to transform the gemstone industry, the Government of Turkana County, Kenya, has expressed its commitment to developing a value-added gemstone centre in the region to help artisan miners achieve better prices for their precious stones. The county Chief Officer for Water Services, Climate and Mineral Resources Moses Natome said that the county has a wide range of mineral resources, including sapphire, grenets, rhodolites and jade, to provide the centre with raw materials. He said this while addressing participants in a training program on gemstone… Read More Here

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