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Glencore appoints new CEO

December 11, 2020December 15, 2020 admin

Commodity trading giant Glencore has appointed Gary Nagle as its new CEO, replacing Ivan Glasenberg who will retire as CEO during the first half of 2021. Nagle will relocate from Australia, where he heads up Glencore’s coal industrial business, to Switzerland early next year and will work with Glasenberg as part of the transition. Tony Hayward, chairman of Glencore, said: “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. The fact that each department has promoted from… Read More Here

Mining in DRC Events & Expos

Makutano 2020: “the DRC should no longer rely on mines for its development” (Anthony Kinzo) – DRC

December 11, 2020December 11, 2020 admin

Antony Kinzo, Director General of the National Agency for the Promotion of Industry (ANAPI), presented, this Thursday, December 10, investment opportunities in the DRC, to the participants of the 6th edition of the Makutano Forum, considered the first business network in Central Africa. In his presentation, he presented the potentialities of financing the construction of some hydroelectric dams in the DRC, including: the hydroelectric dam on the Ubangi river and associated networks, the hydroelectric plant project on the Luapula river and associated networks. , and the construction of the Similiki… Read More Here

Mining in DRC Events & Expos

DRC: Glencore exchanges with Gécamines, APLC and FEC on the fight against corruption

December 11, 2020December 11, 2020 admin

GLENCORE, one of the largest commodity trading and extraction companies in the DRC, organized this Thursday, December 10 in Kinshasa, an experience sharing activity on the fight against corruption. Gécamines, the Agence Congolaise de Lutte contre la Corruption (APLC) and the Fédération des Entreprises du Congo (FEC) were invited to this meeting to participate in the discussion panel on anti-corruption mechanisms. This activity also took place as part of the international day against corruption, celebrated every December 9, according to Chantal Kanyinda, Executive Director of Glencore in the DRC. “We think… Read More Here

Mining in DRC Events & Expos

DRC Mining Week in June 2021: Returning in safety and numbers

December 10, 2020December 21, 2020 admin

“There is no doubt that the DRC’s mining sector will have a solid year in 2021 and the mining community is ready and looking forward to gathering in Lubumbashi from 15-17 June for the annual DRC Mining Week expo and conference.” This is according to Emmanuelle Nicholls, the Group Director, Mining and Natural Resources at Clarion Events Africa, who have been the organisers of DRC Mining Week for the last 16 years. She adds: “DRC’s mining sector did well to cope with and address many of the challenges that the COVID-19 pandemic presented, and as always,… Read More Here

Mining in DRC

Makutano 2020: “We do not benefit from Congo’s mineral wealth” (Sama Lukonde)

December 10, 2020December 10, 2020 admin

The Director General of Gécamines, Sama Lukondei, spoke on the major issue related to the mineral wealth of the DRC, in the middle of the 6th edition of the Makutano Forum which takes place this Thursday, December 10 at the Pullman hotel in Kinshasa. This, during a program hosted by Alain Foka, focused on the theme: “Who benefits from the mineral wealth of the Congo? For Sama Lukonde, the Congolese do not fully benefit from their wealth for lack of laws. Bad legislation is costing the country several millions. “We do not… Read More Here

Exploration

Caledonia acquires option over exploration prospect in Zimbabwe

December 10, 2020December 10, 2020 admin

Caledonia Mining has announced that it has entered into an option agreement which gives it the exclusive right to explore and subsequently, if exploration is successful and at its sole discretion, acquire the mining claims over the area known as Glen Hume, a property situated in the Gweru mining district in the Zimbabwe Midlands that has historically produced significant quantities of gold. Caledonia believes that Glen Hume offers significant exploration potential. The agreement covers an area of approximately 350 ha with substantial evidence of gold mineralisation including historical mining activity.… Read More Here

International Mining technology

Caterpillar to showcase mining technology solutions at CES for first time

December 10, 2020December 10, 2020 admin

Caterpillar has announced it will present its enhanced productivity and safety mining technologies at the Consumer Electronics Show (CES) CES is billed as a proving ground for breakthrough technologies and global innovators. Owned and produced by the Consumer Technology Association (CTA), CES features every aspect of the technology sector. CES 2021 will be an all-virtual event presented in an online format from 11-14 January 2021. Caterpillar has been investing in the development of best-in-class mining technology solutions for more than 30 years, developing the building-block offerings that surface and underground… Read More Here

Mining in DRC

Congolese mineral transporters ask government to reduce tolls at entry to DRC

December 10, 2020December 10, 2020 admin

Congolese truckers working for the Copperbelt miners (Zambia) are asking the Kinshasa government to reduce their border crossing fees, in order to be able to compete with drivers from abroad, reports Africa Intelligence. A delegation of truckers from the Federation of Congo Enterprises (FEC) met on December 2 Mr. Michel Mulongo, Advisor to the Prime Minister, Sylvestre Ilunga, to explain their situation to him, which they describe as “critical”. In their memo, these Congolese truckers ask the government to lower tolls on entry into the DRC. These carriers, engaged in the… Read More Here

Uncategorized

Metso Outotec to close over half its warehouses

December 9, 2020December 9, 2020 admin

Finnish mining engineering group Metso Outotec has plans to close more than half its warehouse locations for spare and wear parts as part of an “consolidation” targeting efficiency and environmental gains. Metso Outotec’s network of 40 distribution centres will be reduced to 18 as part of an “optimised” new distribution model that aims to increase availability, improve customer service and decrease CO2 emissions, said the firm. A spare and wear parts warehouse in Tampere, Finland, is one of the facilities that will be closed as part of “consolidating and outsourcing”… Read More Here

Mining in Zambia

FQM commits to fair distribution of benefits to local communities

December 9, 2020December 9, 2020 admin

First Quantum Minerals has said that people and communities neighbouring Sentinel Mine should benefit from equitable distribution of benefits such as employment, business development, education, training and community investment for the long term, First Quantum believes that it makes strategic business sense to involve local communities and other relevant stakeholders in its business. “Sentinel Mine strives for relationships based on transparency, mutual trust and respect. We recognise that our activities and corporate behaviour affect stakeholders, local communities, their culture and how they use resources for building resilience to shocks,” said… Read More Here