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Pandemic accelerates mining tech investment 1 Mining technology 

Pandemic accelerates mining tech investment

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Chief of machinery maker Epiroc says interest in automation and electrification is ‘coming from everywhere’ The pandemic is accelerating investment in automation and technology upgrades by mining companies to reduce the numbers of staff on site, according to the chief executive of the world’s largest mining drilling equipment manufacturer. Miners were already updating equipment to cope with lower grade material and deeper mines, which often involve more water. They have also been responding to pressure from investors to reduce carbon emissions. More are using electric trucks, for example, and every… Read More Here
DRC: government resorts to tax advances from miners to the tune of 141 million USD to fill the budget deficit of December 2020 2 Mining in DRC Taxes 

DRC: government resorts to tax advances from miners to the tune of 141 million USD to fill the budget deficit of December 2020

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December has always been a difficult month for public finances as spending is usually high while revenues are limited. Thus, in December 2020, the Ilunkamba government resorted to advances from mining companies for taxes amounting to 262.7 billion CDF (141.846 million USD at the budgetary rate of the Amending Budget of 1852 FC the US dollar. ) to try to curb the realized monthly budget deficit, according to the data of the financial operations of the Treasury account. Indeed, in December 2020, public spending peaked at CDF 969.8 billion against resources… Read More Here
China imports less cobalt feedstock in 2020 3 Cobalt 

China imports less cobalt feedstock in 2020

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Chinese imports of cobalt intermediate products and concentrates declined in 2020 following a shortage in supplies from uncertainty in main production hubs outside of China during the Covid-19 pandemic. China imported 295,472t of cobalt intermediates produced through the hydrometallurgy process in 2020, down by 1.5pc on the year, according to customs data. December imports were 30,444t, down by 14.9pc from a year earlier. Imports of cobalt concentrate totalled 52,938t last year, down by 41.8pc from 2019, with December shipments up by 22.2pc on the year to 3,220t. Covid-19 lockdowns reduced… Read More Here
DRC government withdraws USD 25 million from the Mining Fund to meet public spending in December 2020 4 Mining in DRC 

DRC government withdraws USD 25 million from the Mining Fund to meet public spending in December 2020

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To meet the heavy spending at the end of the year, the Ilunkamba government squeezed CDF 50.0 billion (about USD 25 million) from the Mining Fund’s resources, according to state financial operations data for the month of December 2020. Indeed, public spending peaked at CDF 969.8 billion in December 2020 against resources of around CDF 883.5 billion, resulting in a deficit of CDF 86.3 billion, according to the Central Bank. According to the revised Mining Code, in its article 242 relating to the distribution of the mining royalty, “The mining… Read More Here
China covid-19 outbreak halts copper price rally 5 Copper Covid-19 

China covid-19 outbreak halts copper price rally

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Metals markets were hammered on Friday after a fresh coronavirus outbreak in China, which is responsible for more than half the world’s metal consumption, business activity numbers in Europe are at their weakest level since the recovery began in July and worries that the stimulus program of the incoming US administration may fall short of expectations. The price of copper declined more than 2% to $3.56 a pound or $7,856 a tonne with nickel the weakest among industrial metals, declining from multi-year highs by 3% to below $18,000 a tonne.… Read More Here
SUPERINTENDENT, PRODUCTION | MINING CAREER AT FQM, KALUMBILA, SOLWEZI, ZAMBIA 6 Mining Careers Mining in Zambia 

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

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Requisition Number: JR795 | Country: Zambia | Contract Type: On-going| Location: Solwezi | Categories: Engineering and Mining Apply now Responsible for leading, planning, coordinating all operations of the mining and ensure maximum productivity and extraction rates by optimizing mining methods, procedures & equipment. Responsible for the execution of mining operations to meet safety, quality, volume and cost targets. In addition the Production Superintendent must assist the Production Manager in the enforcement of mine regulation (MR 207) in his area of responsibility. Key Responsibilities Planning and Programming Client Relations and Scope Change Management Managing Risks Meet production targets in accordance with the… Read More Here
Botswana Diamonds to raise £363 000 for exploration 7 Diamond 

Botswana Diamonds to raise £363 000 for exploration

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Botswana Diamonds, a publicly traded company, has made a company arranged placement with existing and new investors to raise £ 363,000 through the issue of 60.5 million new common shares. This includes a cash subscription from certain Directors. The funds raised will be used to finance ongoing exploration activities in Botswana and South Africa this year, as well as for working capital. Read More Here
Epiroc supports new world standard in sustainable underground mining with yet another battery-electric order 9 Equipment & Technology 

Epiroc supports new world standard in sustainable underground mining with yet another battery-electric order

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The newly ordered equipment, Scooptram ST14 Battery and Minetruck MT42 Battery machines, will be used both in LKAB’s main mine for production and in the Konsuln test mine, a testbed that is created in LKAB´s underground mines. The order comes as a result of the SUM (Sustainable Underground Mining) collaborative project where participating companies have formed an alliance to achieve the goal of setting a new world standard for sustainable mining at great depths. The partners* are working together to find new methods and smarter solutions for mining operations of… Read More Here
First autonomous mining truck without optical perception Operational 10 Equipment & Technology 

First autonomous mining truck without optical perception Operational

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indurad has successfully implemented its iTruck autonomous haulage system (AHS) on Bell Equipment articulated dump trucks (ADTs) at a voestalpine-owned mining operation in Austria. The system was developed as part of a close collaboration with indurad’s long-standing partner voestalpine in Austria, to which indurad delivered its first 3D radar for installation in a blast furnace in 2013 after several years of joint R&D. Bell Equipment’s headquarters in South Africa significantly reduced the project implementation time through collaboration with indurad on establishing the drive-by-wire interface and their joint vision on interoperability.… Read More Here

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