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Sierra Leone’s President is the second president to be confirmed for Mining Indaba Virtual 1 Uncategorized 

Sierra Leone’s President is the second president to be confirmed for Mining Indaba Virtual

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H.E. Julius Maada Bio will be joining already confirmed president of the Democratic Republic of Congo (DRC), His Excellency, Félix Tshisekedi at the online conference. Investing in African Mining Indaba (Mining Indaba) part of Hyve Group Plc is honoured to announce that His Excellency, Julius Maada Bio, President of Sierra Leone has confirmed his participation to deliver his presidential keynote address at the upcoming Mining Indaba Virtual. H.E. Julius Maada Bio will be joining already confirmed president of the Democratic Republic of Congo (DRC), His Excellency, Félix Tshisekedi at the… Read More Here
De Beers extends 10-yr Botswana sales deal on coronavirus delays 2 Diamond Covid-19 

De Beers extends 10-yr Botswana sales deal on coronavirus delays

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LONDON – Diamond miner De Beers said on Tuesday it had extended a ten-year sales agreement with Botswana by a year due to logistical challenges caused by the coronavirus pandemic, allowing the two sides more time to negotiate. The Anglo American unit, which is 15% owned by the government of Botswana, saw sales plummet during the peak of the pandemic, forcing it to restructure its business. The 2011 rough diamond sales agreement, in which the jointly-owned Debswana sells all its output to De Beers, was originally due to expire at… Read More Here
SKF Zambia delivers massive savings for customer 3 Mining in Zambia 

SKF Zambia delivers massive savings for customer

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NDT (Non Destructive Test) works carried out by SKF Zambia on more than 90 mobile mining machines and equipment operating on one of the country’s largest copper mines, delivered massive savings for the customer over a six month period. The mine, which is located in Zambia’s North-Western Province, is a key long-term customer of SKF Zambia. “We share a solid 15+ year relationship with our customer, supplying the mine with SKF bearings and seals as well as Lincoln Lubrication solutions over the years,” said Key Accounts Manager at SKF Zambia,… Read More Here
FQM spends US$720,000 on Kisasa community 4 Mining in Zambia Corporate social responsibility 

FQM spends US$720,000 on Kisasa community

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First Quantum Minerals has handed over two commercial boreholes worth US$720,000 to Kisasa community, as part of on-going commitment to bring fresh clean water to local communities in Kalumbila District of North-Western Province. The boreholes are 130 meters deep with two 32,000 litre, 15-metre high storage tanks, connected to a distribution network to 62 communal taps that will supply water to more than 8,000 people of Kisasa. “Our investment in the communities is anchored on our social policy commitment, which is to maximise social and economic opportunities in all communities… Read More Here
High royalties and tax payout for Kansanshi, Kalumbila 5 Mining in Zambia Taxes 

High royalties and tax payout for Kansanshi, Kalumbila

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The latest Zambia Extractive Industry Transparency Initiative (ZEITI) report has indicated that First Quantum Minerals (FQM) contributed the majority of government revenue generated from the extractive sector in 2019. According to the report, the mining giant’s two subsidiaries – Kansanshi Mining Plc and Kalumbila Minerals Ltd, contributed K5.7 billion and K2.6 billion respectively, representing 31 percent and 14.4 percent of total payments in the year. FQM’s total contribution of K9,347 billion – which includes K973.65 million from First Quantum Mining and Operations – represented 51 percent of the K18.4 billion… Read More Here
DRC: "the financing of the Grand Inga project is in the process of being finalized with several developers and buyers" (Félix Tshisekedi) 6 Mining in DRC Energy 

DRC: “the financing of the Grand Inga project is in the process of being finalized with several developers and buyers” (Félix Tshisekedi)

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President Félix-Antoine Tshisekedi announced significant advances in financing the gigantic large Inga project. It was during his speech on the state of the nation this Monday, December 14 in front of the parliament meeting in congress. “Regarding the Grand Inga Project, funding is in the process of being finalized with several developers and off-takers (buyers). It is obvious that when these works are fully operational, the Democratic Republic of Congo will resume its role as African leader in energy for the well-being of all its populations and even of the continent ”,… Read More Here
Congo Minister of Mines not impressed with Sintoukola Basin projects 7 Mining in DRC 

Congo Minister of Mines not impressed with Sintoukola Basin projects

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Kore Potash, the potash development company with 97%-ownership of the Kola and DX Potash Projects in the Sintoukola Basin, located within the Republic of Congo (RoC), advises that its local subsidiary has received correspondence from the Minister of Mines of the RoC expressing disappointment at the speed of progress on the development of the projects and questioning compliance with the Company’s obligations to the Government. The Company is progressing the development of the DX and Kola projects towards production, continues to comply with its obligations to the Government of the… Read More Here
Slight drop in gold prices following announcement of deployment of covid-19 vaccine 8 Gold 

Slight drop in gold prices following announcement of deployment of covid-19 vaccine

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Spot gold plunged 0.8% to $ 1,824.38 an ounce on Monday, December 14, after falling below $ 1,820 an ounce earlier in the session. US gold futures also fell 0.8% to $ 1,827.70 an ounce in New York, reports Mining News Pro European equities and US equity futures started the week on a positive note, with the first shipments of the Pfizer-BioNTech SE vaccine in the United States on Monday morning. “We are seeing a stronger risk appetite in the market, as evidenced by the rally in global stock markets, and… Read More Here
Pushing technology boundaries in mineral processing 9 Mining technology Mining Process 

Pushing technology boundaries in mineral processing

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Technology offerings from FLSmidth – including significant advances in digitalisation – are helping to take mining into a more productive future. According to Terence Osborn, FLSmidth’s director of product and account management for sub-Saharan Africa and the Middle East, technology is a vital pillar of the company’s status as a solution-provider in mineral processing. “Due to the COVID-19 pandemic, mines have accelerated their take-up of technology that allows remote monitoring, control and process optimisation,” Osborn notes. “With our decades of product development in this space, we have been well placed… Read More Here
De Beers taps Sandvik expertise for Venetia underground diamond mine transition 10 Diamond Mining technology 

De Beers taps Sandvik expertise for Venetia underground diamond mine transition

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De Beers Group has ordered 19 units of high-tech equipment from Sandvik Mining and Rock Technology for its Venetia Underground Project (VUP), in South Africa. According to Simon Andrews, Managing Director at Sandvik Mining and Rock Technology Southern Africa, the company will supply a range of intelligent equipment including LHDs, ADTs, twin-boom drill rigs, roof bolters and cable bolters. Amongst the advanced models are the 17 t LH517i and 21 t LH621i LHDs, 51 t TH551i ADTs, DD422i face drills, DS412i roof bolters and DS422i cable bolters. Partnership will be… Read More Here

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