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Gold price retreats on Powell’s remarks at Jackson Hole meeting 1 Gold International 

Gold price retreats on Powell’s remarks at Jackson Hole meeting

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Gold declined again on Friday in the wake of Federal Reserve Chair Jerome Powell’s remarks at the Jackson Hole economic symposium in Wyoming, where he warned against any idea that the US central bank would start loosening monetary policy soon. Spot gold fell 1.2% to $1,736.93 per ounce by noon ET, erasing its gains for the week. US gold futures were down 1.3% to $1,749.10 per ounce in New York. Gold’s decline comes after Powell signalled that the US central bank will likely keep raising interest rates and leave them elevated for… Read More Here
Epiroc to acquire AARD Mining Equipment 2 Equipment & Technology Mining technology 

Epiroc to acquire AARD Mining Equipment

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Swedish mining OEM Epiroc has said it will acquire AARD Mining Equipment, a South African mining equipment manufacturer. AARD, based near Johannesburg, South Africa, designs, manufactures, services and supports a wide range of mining equipment, specializing in low-profile underground machines for mines with low mining heights.   Financial details of the deal were not disclosed. The company’s customers are mainly in the Southern Africa region. AARD has approximately 200 employees and had revenues in the fiscal year ending June 30, 2022, of about SK650 million (US$61.4 million).  “AARD has reputable and… Read More Here
Artisanal gold mining at the center of exchanges between Godard Motemona and the provincial ministers of South Kivu, Maniema and the USAID representative 3 Artisanal mining Gold Mining in DRC 

Artisanal gold mining at the center of exchanges between Godard Motemona and the provincial ministers of South Kivu, Maniema and the USAID representative

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The city of Kinshasa hosted, on August 24 to 25, 2022, a seminar with the aim of taking stock and evaluating the behavior of the Artisanal Gold Traceability Initiative (ITOA) since its launch. . It is in this context that the Deputy Minister of Mines, Godard Motemona received in audience the same Thursday evening, a sample of actors who took part in these meetings.  During these exchanges, the hosts made the restitution of the resolutions resulting from these days of reflection to the Vice-Minister. Facing the press, the Provincial Minister of… Read More Here
DRC: in the first half of 2022, copper-cobalt production is estimated at 1,144,965.75 tonnes of copper, 61,774.64 tonnes of cobalt and 6,374.73 tonnes of zinc 4 Cobalt Copper Mining in DRC Zinc 

DRC: in the first half of 2022, copper-cobalt production is estimated at 1,144,965.75 tonnes of copper, 61,774.64 tonnes of cobalt and 6,374.73 tonnes of zinc

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The Technical Unit for Coordination and Mining Planning (CTCPM), has published the statistical data of the copper-cobalt sector for the first half of 2022. This sector includes Copper, Cobalt, Zinc and Lead which come exclusively from Haut-Katanga and Lualaba.  CTCPM data indicates that during the period under review, production sold, including exports and local sales to other entities for processing before export amounted to: – 1,144,965.75 tons of copper against 873,938.13 tons for the 1st half of 2021, an increase of 271,027.62 tons equivalent to 31.01%; – 61,774.64 tons of… Read More Here
DRC's total sum of exports of "3T" tin products in the first half of 2022 is estimated at 347,878,393.64 USD 5 Mining in DRC Tin 

DRC’s total sum of exports of “3T” tin products in the first half of 2022 is estimated at 347,878,393.64 USD

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Statistical data from the Technical Cell for Coordination and Mining Planning (CTCPM), published during this month, indicate that tin products, namely cassiterite, coltan and wolframite, commonly known as 3T (Tin, Tantalum and Tungsten ), come from the Eastern Provinces of the Republic, specifically Maniema, North Kivu, South Kivu, Haut-Katanga, Haut-Lomami, Lualaba and Tanganyika. According to figures from the CTCPM, the total production of cassiterite is 19,532.55 tonnes and is distributed as follows: – 12,622.37 tons of industrial exploitation; – 6,910.18 tonnes of artisanal mining. As for the production of colombo-tantalite “Coltan”… Read More Here
DRC total gold production in the 1st half of 2022 amounts to 13,107.33 kg, a decrease in quantity of 13.69% compared to 2021 6 Gold Mining in DRC 

DRC total gold production in the 1st half of 2022 amounts to 13,107.33 kg, a decrease in quantity of 13.69% compared to 2021

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Total gold production in the DRC amounts to 13,107.33 kg of gold in the first half of 2022 against 15,185.83 kg in the first half of 2021. This shows a drop of 2,078.49 kg, i.e. 13 .69%, according to statistical data published by the Technical Unit for Coordination and Mining Planning (CTCPM), an advisory, study and coordination body for mining activities in the DRC. The CTCPM reports that gold production is still predominated by industrial mining based mainly in the Haut-Uélé Province, while that of artisanal mining is scattered in… Read More Here

The DRC produced 4,581,679.13 carats of diamonds in the first half of 2022, a decrease in quantity of 22.32% compared to 2021

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Diamond production in the 1st half of 2022 is almost the same in the Democratic Republic of Congo, unlike previous years predominated by artisanal production, at the rate of 51.86% for artisanal mining and 48.05% for industrial mining . This is indicated by the statistical data, published by the Technical Unit for Coordination and Mining Planning (CTCPM), an advisory, study and coordination body for mining activities in the DRC. CTCPM data reveal that the Democratic Republic of Congo (DRC) produced 4,581,679.13 carats of diamonds including: – 2,376,116.52 carats of artisanal mining,… Read More Here
The development of North Ubangi at the centre of exchanges between the Governor and Minister of Mines- DRC 7 Mining in DRC 

The development of North Ubangi at the centre of exchanges between the Governor and Minister of Mines- DRC

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It was Thursday, August 18, 2022 that the National Minister in charge of mines, Antoinette N’SAMBA KALAMBAYI spoke with the new Governor Malo Ndinga Mobutu of the North Ubangi Province in his office in Gombe. During this meeting between the provincial executive and the mining boss, there was talk of the development of the province of North Ubangi which is full of natural resources within it. “We came for a courtesy visit, but also to request the accompaniment of the Ministry of Mines to the province of North Ubangi rich… Read More Here
Haut-Katanga: KICO launches this Tuesday, August 23, the construction work of mining infrastructure 8 Mining in DRC 

Haut-Katanga: KICO launches this Tuesday, August 23, the construction work of mining infrastructure

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The company Kipushi Corporation (KICO) proceeds this Tuesday, August 23 in the territory of Kipushi in the province of Haut-Katanga in the Democratic Republic of Congo, to the launch of the construction of the surface mining infrastructure of the Kipushi project.  This ceremony comes a few months after the signing at the beginning of 2022, of a new agreement between KICO and its shareholders including Gécamines SA and Kipushi Holding Ltd.  Through this ceremony, KICO has set itself the goal of starting the production of zinc concentrates from the second quarter of… Read More Here
Fortescue JV signs exploration agreement for Belinga project in Gabon 9 Equipment & Technology International 

Fortescue JV signs exploration agreement for Belinga project in Gabon

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Australia’s Fortescue Metals Group announced that its majority-owned joint venture (JV ), Ivindo Iron, has signed an exploration agreement with the Gabon Government for the Belinga iron ore project. The agreement comprises key commercial and legal terms for the exploration of the Belinga project, allowing the grant of exploration licences to the JVfor a 4,500km² area. Fortescue said the agreement also envisages a $90m exploration programme at the Belinga iron ore project, over a period of three years. Fortescue Metals owns an 80% stake in Ivindo Iron while the remaining 20% is held by the… Read More Here

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