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Steelmakers set to lead India metals to best quarter in decade 1 International 

Steelmakers set to lead India metals to best quarter in decade

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India’s steelmakers are on course to leading the country’s metal index to its biggest quarterly gain in more than a decade, as consumption recovers and prices surge globally. The S&P BSE Metal Index has surged by around a third so far in the three months through December, jumping the most since the quarter ended June 2009. Metal companies are in an earnings upcycle after two years of downgrades, and steel demand and pricing has improved sharply, according to a Jefferies Group LLC report this month. Shares of the country’s oldest… Read More Here
Chinese companies are betting heavily on Democratic Republic of Congo’s mines 3 Mining in DRC 

Chinese companies are betting heavily on Democratic Republic of Congo’s mines

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China Molybdenum cemented its grip on DRC’s mining industry after buying a 95 per cent interest in the Kisanfu copper-cobalt deposit for US$550 million Copper is viewed as a strategic asset by China, analyst says Chinese companies are betting big on the Democratic Republic of Congo (DRC)’s mining industry as copper prices surged to a seven-year high driven by China’s strong recovery and the push for electric cars. Chinese mineral mining and exploration giant, China Molybdenum Co. (CMOC), cemented its grip on the DRC’s mining industry after it acquired Arizona-based… Read More Here
DRC: Minister of Mines Willy Kitobo assigns himself 4 major actions in 2020 4 Mining in DRC 

DRC: Minister of Mines Willy Kitobo assigns himself 4 major actions in 2020

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The Minister of Mines, Willy Kitobo, himself made his assessment of the actions carried out during the year 2020. Thus, he attributes four major achievements despite the covid-19 which marked this year: the maintenance of mining activities by strong measures despite the COVID19 pandemic; improving the business climate in the mining sector by maintaining a permanent dialogue between the Ministry and the major mining groups operating in the DRC and by popularizing the mining law; the fight against mining fraud and illicit activities in the mining sector and the strengthening… Read More Here
GECAMINES represents the launching ceremony of lime production for the new GCK built in a China-Belgium-DRC partnership 5 Mining in DRC Limestone 

GECAMINES represents the launching ceremony of lime production for the new GCK built in a China-Belgium-DRC partnership

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On an official short-term mission in Haut-Katanga, His Excellency the Minister of Mines, Professor Willy KITOBO SAMSONI participated with his colleague from the industry Mr. Julien PALUKU, this Monday, October 26, 2020 in Likasi at the launch ceremony of lime production from the new GCK (Grande Cimenterie du Katanga) kiln built in a China-Belgium-DRC partnership represented by GECAMINES. This colorful ceremony was attended by all the Authorities of the province of Haut-Katanga and even representatives of the neighboring provinces of the Grand Katanga area. In the guestbook, the Minister of… Read More Here
THE AGREEMENT FOR THE TRANSFER OF KISANFU MINING ASSETS FROM PHELPS DODGE TO CMOC 6 Mining in DRC 

THE AGREEMENT FOR THE TRANSFER OF KISANFU MINING ASSETS FROM PHELPS DODGE TO CMOC

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After two days of multiple meetings with representatives of Freeport McMoran Corporation / Phelps Dogde Congo Sarl, China Molybdenum Company Ltd (CMOC) and Huatuo Cobalt Company Limited (HCC), the last two being applicants for the purchase of the mining asset of Kisanfu already researched and documented by Phelps Dodge Congo Sarl. His Excellency the Minister of Mines, Professor Willy KITOBO SAMSONI has just signed on behalf of the State, in accordance with the provisions of article 276 bis of the Mining Code, the agreement for this transfer of mining assets… Read More Here
MAINTENANCE PLANNER | MINING CAREER AT KAMOA COPPER SA, IVANHOE MINES, DRC 7 Mining in DRC Mining Careers 

MAINTENANCE PLANNER | MINING CAREER AT KAMOA COPPER SA, IVANHOE MINES, DRC

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Maintenance Planner /Congo, Republic Of The| Country: DRC | Contract Type: Permanent | Location: Congo,DRC | Categories: Engineering, Technical, Production and Manufacturing Job description Job PurposeThe Maintenance Planner is responsible for strategising, scoping, devising, prioritising, initiating, organising, monitoring, planning, controlling, reporting and providing specialist technical direction on engineering maintenance activities across the mining Trackless, Support and ideally the Fixed Assets base with a key focus on operational and IT excellence at Kamoa-Kakula.  Key ResponsibilitiesCAM Strategic Maintenance Management1.     Develop an asset management strategy that includes:  A strategy for the trackless and support fleet inclusive of but not excluded to; o   Equipment identification… Read More Here
Magna Reach Stacker tyres will come with high-improved technology! 8 Equipment & Technology 

Magna Reach Stacker tyres will come with high-improved technology!

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Magna Tyres Group is proud to announce the launch of its latest addition to the material handling tyre line-up: the 18.00-25 Magna M-Stacker (IND-4). A more advanced tyre for use on reach stackers, empty container handlers and heavy-duty forklifts designed with a key focus on improving the efficiency and productivity of cargo operations. The Magna M-Stacker has been developed starting from the already proven MB01 tread design, with the specific operational requirements of our customers. Through years of experience, comprehensive technical analysis by the R&D department and cooperation with leading… Read More Here
Sandvik reinforces underground mining safety focus with DSI Underground buy 9 Mining safety 

Sandvik reinforces underground mining safety focus with DSI Underground buy

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Sandvik has signed an agreement to acquire DSI Underground, a global leader in ground support and reinforcement products, systems and solutions for the underground mining and tunneling industries, from owner Triton. The OEM has agreed a purchase price of approximately €943 million ($1.15 million) on a cash and debt free basis, it said, adding that the company will be reported in the Sandvik Mining and Rock Solutions division. Stefan Widing, President and CEO of Sandvik, said: “This acquisition is an important step in our growth ambition. DSI Underground’s track record… Read More Here
Mponeng sale a milestone in SA mining 10 Uncategorized 

Mponeng sale a milestone in SA mining

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South Africa’s gold industry has long been defined by deep-level mines, which is why the sector has historically been capital as well as labour intensive. Digging deep requires capital and the often low-grade ore grades have required cheap (read exploited) migrant labour to keep the profits and dividends flowing. Flow they did, as the gold-bearing reefs seemed to go on forever — not just horizontally, but vertically, down into the bowels of the earth. From these mammoth deposits, a third of the gold produced in human history was extracted, generating… Read More Here
Iron ore price frenzy grips China’s mammoth steel sector 11 International Iron Ore 

Iron ore price frenzy grips China’s mammoth steel sector

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Prices for iron ore have more than doubled in 2020, putting the steelmaking raw material on track to be the top-performing major commodity globally for a second straight year as speculative money floods in and Chinese demand holds firm. Steelmakers in China, the world’s biggest producer of the metal, and the operator of its flagship iron ore futures contract have called for a probe into what they say is an “abnormal” price rally that has eroded their margins. The most active iron ore futures on the Dalian Commodity Exchange have… Read More Here

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