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Tenke Fungurume1 China Moly Cobalt Copper Mining in DRC New Mining Projects 

China Moly buys 95% of DRC copper/cobalt mine from Freeport for $550m

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China Molybdenum said on Sunday that it had acquired a 95% stake in the Kisanfu copper/cobalt mine in the Democratic Republic of Congo (DRC) from US-based Freeport-McMoRan Inc for $550-million. The Chinese company’s takeover of the undeveloped Kisanfu project – discussed as early as 2016 – boosts its reserves in the DRC, the world’s top producer of battery metal cobalt, where China Moly already operates the giant Tenke Fungurume mine. The acquisition, by China Moly unit Natural Resource Elite Investment, was approved by the Luoyang-based company’s investment committee on December… Read More Here
ROPE SHOVEL SPECIALIST | MINING CAREER AT FQM,KALUMBILA, SOLWEZI, ZAMBIA 1 Mining Careers Mining in Zambia 

ROPE SHOVEL SPECIALIST | MINING CAREER AT FQM,KALUMBILA, SOLWEZI, ZAMBIA

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Requisition Number: JR1722| Country: Zambia | Contract Type: On-going| Location: Solwezi | Categories: Engineering, Mining Apply now Purpose of the role: Implement and continuously improve the equipment maintenance strategy for the loading equipment and ensure they are effectively executed including all preventative maintenance tasks and condition monitoring data collection. Ensure world* class maintenance indicators across the loading units’ fleet. Manage shutdowns, rebuilds, major component replacementtasks accordingly to high maintenance and safety standards ensuring a quality and timely execution. Key Responsibilities: The specific tasks to be performed by the position holder will include; Ensure all repairs and maintenance activities are… Read More Here
DRILL SPECIALIST | MINING CAREER AT FQM, KALUMBILA, SOLWEZI, ZAMBIA 2 Mining Careers Mining in Zambia 

DRILL SPECIALIST | MINING CAREER AT FQM, KALUMBILA, SOLWEZI, ZAMBIA

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Requisition Number: JR1721| Country: Zambia | Contract Type: On-going| Location: Solwezi | Categories: Engineering Apply now Position Description: Implement and continuously improve the equipment maintenance strategy for the loading equipment and ensure they are effectively executed including all preventative maintenance tasks and condition monitoring data collection. Ensure world* class maintenance indicators across the loading units’ fleet. Manage shutdowns, rebuilds, major component replacementtasks accordingly to high maintenance and safety standards ensuring a quality and timely execution. Key Responsibilities: The specific tasks to be performed by the position holder will include; Ensure all repairs and maintenance activities are carried out to… Read More Here
DRC: here are the 5 key information of the week on mines 3 Mining in DRC Events & Expos 

DRC: here are the 5 key information of the week on mines

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This year’s Makutano Forum 6 reserved a prominent place on exchanges of high personalities on the mining sector. At these meetings, the CEO of Gécamines intervened, as did the CEO of ANAPI to talk about the mining sector. During the same week, Glencore invited Gécamines, APLC and FEC to discuss the fight against corruption, which is a scourge in the DRC. It should also be noted that the Presidency of the Republic has postponed the DRC mining conference which was scheduled for mid-December 2020 in Kisangani. DESKECO retrospective of information on the mining sector… Read More Here
Zambia to buy gold from miners to bolster foreign reserves 5 Gold Mining in Zambia 

Zambia to buy gold from miners to bolster foreign reserves

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The Bank of Zambia will begin buying gold from Canadian miner First Quantum Minerals and the state mining firm as it resumes holding the precious metal as part of its foreign reserves, the central bank governor said on Friday. The southern African nation – a major copper producer – became Africa’s first pandemic-era sovereign default last month after it failed to pay a coupon on one of its dollar-denominated bonds. “During periods of market stress – when assets would be losing value – gold would be adding value, thereby shielding… Read More Here
EV Metal Index on course for record year 6 Battery Metals International 

EV Metal Index on course for record year

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V Metal Index, which tracks the value of battery metals in newly registered passenger EVs (including hybrids) around the world fell back from the all-time high hit in September, but still recorded the third best month ever in October. The index was not only boosted by the overall increase in EV sales during the month of 71% year over year, but also the relative outperformance of full electric cars and plug-in hybrids which saw the total battery capacity increase 122% year on year to nearly 14,000 MWh, according to Adamas Intelligence,… Read More Here
Lucapa finds another +100ct diamond at Lesotho mine 8 Diamond 

Lucapa finds another +100ct diamond at Lesotho mine

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Australia’s Lucapa Diamond (ASX:LOM) said on Thursday it had recovered a 101-carat white diamond from its 70%-owned Mothae mine in Lesotho, Africa. The company said the recovery of the D-colour, Type IIa white diamond was yet a further reinforcement of the quality and capacity of the asset. With the find, diamonds over 100 carats unearthed at the southern lobe of the mine totalled four. THE MOTHAE MINE TURNED OUT TO HOLD 280% MORE RESOURCES THAN ORIGINALLY ESTIMATED “The recovery of this exceptional 101 carat diamond brings a positive end to 2020 for Mothae and… Read More Here
Vedanta to fight any attempt by Zambia to sell Konkola Copper Mines 10 Mining in Zambia 

Vedanta to fight any attempt by Zambia to sell Konkola Copper Mines

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Indian-based metals and mining group Vedanta Resources said on Thursday it will fight any attempt by the Zambian government to sell its Konkola Copper Mines (KCM) business to third parties. The protracted legal fight with Zambia began in May 2019, when Lusaka appointed a liquidator for KCM, which is jointly owned by Vedanta and Zambia’s state mining arm ZCCM-IH. Zambia, in taking that action, accused Vedanta of breaching its license. In a statement responding to “rumours” that a Zambia government-appointed provisional liquidator is set to split KCM into two units… Read More Here
Glencore CEO Ivan Glasenberg to retire 11 Mining Personality 

Glencore CEO Ivan Glasenberg to retire

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Glencore has announced that Ivan Glasenberg will retire as CEO and as a member of the Glencore Board during the first half of 2021. Gary Nagle will then become the Glencore CEO and join the Board. Nagle intends to relocate from Australia to Switzerland early next year and will work with Glasenberg to effect the transition. Commenting on the succession process, Tony Hayward, Chairman says: “The Board has worked with Ivan over the past two years to oversee a seamless transition to the next generation of leadership across Glencore’s business.… Read More Here

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