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Gold edges up from six-week low as equities cool off 2 Gold International 

Gold edges up from six-week low as equities cool off

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Gold on Monday bounced off a six-week trough as a rally in equities stalled, though gains were capped by a stronger dollar and higher US Treasury yields. Spot gold was up 0.1% at $1 849.64 per ounce by 10:39 GMT, after touching its lowest since December 2 at $1 816.53. Gold last week recorded its biggest percentage fall since late November. US gold futures gained 0.8% to $1 849.70. “Some investors are taking a pause on other markets, and this is supportive for gold,” said ActivTrades chief analyst Carlo Alberto De… Read More Here
JUNIOR MINING ENGINEER | MINING CAREER AT FQM, KALUMBILA, SOLWEZI, ZAMBIA 3 Mining Careers Mining in Zambia 

JUNIOR MINING ENGINEER | MINING CAREER AT FQM, KALUMBILA, SOLWEZI, ZAMBIA

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Requisition Number: JR1871| Country: Zambia | Contract Type: Fixed-Term| Location: Solwezi | Categories: Engineering Apply now PURPOSE The incumbent will be required to go through the FQMO familiarization program and upon satisfactory performance will be given an opportunity to become an engineer with the optimization department KEY RESPONSIBILITIES * Contribute to the safety process improvements of the mine * Critically assess all production processes for potential improvement * Take interest in potential project and approach supervisor with proposals * Compile Monthly progress reports * Conduct ad hoc projects * Complete and present monthly projects * Support supervisory roles within… Read More Here
FOREMAN, FUEL FARM | MINING CAREER AT FQM, KALUMBILA, SOLWEZI, ZAMBIA 4 Mining Careers Mining in Zambia 

FOREMAN, FUEL FARM | MINING CAREER AT FQM, KALUMBILA, SOLWEZI, ZAMBIA

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Requisition Number: JR1874| Country: Zambia | Contract Type: On-going| Location: Solwezi | Categories: Operations/ general management Apply now PURPOSE Responsible for the smooth running of the Mining Fuel Farm. KEY RESPONSIBILITIES Supervise Operations at Fuel Farm HME and Trans tank bays. Fill in log book each shift and perform any Required Mine Safety compliance activities Facilitate the carrying out of Bowser Dips and Inspections at start and close of each shift. Assign Bowser Operators jobs to carry out at the start of the shift. Assign Fuel Attendants to HME, Light vehicle and Trans Tank refilling bays Ensure Bowser Pre… Read More Here
Sandvik launches DD212 narrow-vein rig 5 Equipment & Technology 

Sandvik launches DD212 narrow-vein rig

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Swedish mining engineering company Sandvik has released a compact, single-boom electro-hydraulic underground drill rig designed for narrow-vein drifts. The DD212’s compact size and narrow-vein capabilities enable multipurpose operations in tunnels as small as 2.5mx2.5m, said Sandvik. This drill is an upgrade of the Sandvik DD210 development drill rig. The rig, which uses a telescopic feed that can retract from 6-12 ft, also features a new drilling control system called the THC562 with torque control and reaming hole selection. Together the features help the new rig achieve a 20% reduction in boom positioning time and… Read More Here
ZAMBIAN PRESIDENT LUNGU, PLEDGES SUPPORT FOR LUBAMBE MINE EXTENSION PROJECT 6 Mining in Zambia 

ZAMBIAN PRESIDENT LUNGU, PLEDGES SUPPORT FOR LUBAMBE MINE EXTENSION PROJECT

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Zambian President Edgar Chagwa Lungu has assured Lubambe Copper Mine of Government support to expedite the Lubambe Extension Project. The President says the Lubambe Extension is “too much good news to be ignored”. The Head of State who visited the Chililabombwe based mining firm yesterday, has directed State House Minister, Honourable Freedom Sikazwe and other Technocrats in his office to ensure that Lubambe gets all the support and necessary approvals required to ensure that the Extension project takes off. The President requested Lubambe Director Operations Tony Davis to provide details… Read More Here
Zimbabwe gold deliveries tumble nearly a third to 19 t in 2020 7 Gold 

Zimbabwe gold deliveries tumble nearly a third to 19 t in 2020

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Gold sales to Zimbabwe’s sole buyer and exporter of bullion Fidelity Printers and Refiners (FPR) fell 31% to 19 t last year after lower deliveries from small-scale miners, official data showed on Monday. FPR pays US dollars in cash to small-scale gold miners, but a shortage of hard cash caused delays in payments most of last year. That forced many of the miners to sell their gold to illegal buyers, industry officials say. Deliveries of gold, the top foreign currency earner, have been on the decline since reaching a record 33.2 t 2018,… Read More Here
Global cobalt production capacity expected to be cash positive in 2021 – report 8 Cobalt International Mining in DRC 

Global cobalt production capacity expected to be cash positive in 2021 – report

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Market analyst Roskill forecasts that cobalt’s all-in sustaining cost of production will fall by around 2% y-o-y in 2021, from $23,085/t to $22,600t.  In a recent report, Roskill explains that, as a result of this prediction, it estimates that over 98% of cobalt production capacity will be cash positive on an AISC basis, based on cobalt price circa $39,700/t. In the market analyst’s view, all cost centres except processing and site G&A will decrease on an average industry-wide aggregated basis in 2021. The remainder combined are expected to decrease by $1,329/t,… Read More Here
DRC: Prime Minister Ilunkamba cancels the decision of the Minister of Mines suspending the DG of Mining Cadastre 9 Mining in DRC 

DRC: Prime Minister Ilunkamba cancels the decision of the Minister of Mines suspending the DG of Mining Cadastre

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Prime Minister Sylvestre Ilunga Ilunkamba lifted the measure of the Minister of Mines, Willy Kitobo, suspending the Director General of Mining Cadastre (CAMI), Jean-Félix Mupande Kapwa, accused of “insubordination” to the authority of his tutelage. Indeed, the Prime Minister, Ilunkamba, in a correspondence addressed to the Minister of Mines Willy Kitobo, informed the latter of the cancellation of his decision suspending the Director General of the Mining Cadastre (CAMI), and of the instruction given. to the DGA of the said institution to ensure the interim. “I inform you that I… Read More Here
Glencore in final-stage talks over Mopani stake sale to Zambia 10 Mining in Zambia 

Glencore in final-stage talks over Mopani stake sale to Zambia

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Glencore said on Friday it was in final-stage negotiations over a potential sale of its majority stake in Mopani Copper Mines to Zambia’s mining investment arm ZCCM-IH. Zambian state radio ZNBC earlier reported the government had concluded talks with Glencore, citing President Edgar Lungu. The report did not give details about the outcome of the negotiations, but said a deal was likely to be signed next week. Zambia’s state mining investment arm ZCCM-IH has been in talks to buy Glencore’s 73.1% stake in Mopani since August. Glencore’s stake is held through Carlis Investments Corp, a British Virgin… Read More Here

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