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Gold price to hit $2,300 next year on inflation risks 1 Gold International 

Gold price to hit $2,300 next year on inflation risks

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Gold prices are expected to break out of the current narrow trading range and soar through 2021 as the coronavirus recession gives way to higher inflation, analysts at Goldman Sachs say. Bullion hovered around $1,900/oz over the past few weeks after its summer rally to record highs fizzled out. While uncertainty surrounding the US election fueled a brief rally, positive news of covid-19 vaccine trials have pushed investors out of safe havens and into riskier assets. GOLDMAN HAS SET A $2,300/OZ PRICE TARGET FOR GOLD, WHICH EQUATES TO A 22% RALLY FROM… Read More Here
Volkswagen joins cobalt group in supporting artisanal DRC miners 2 Mining in DRC Cobalt 

Volkswagen joins cobalt group in supporting artisanal DRC miners

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Volkswagen has joined the “Cobalt for Development” initiative to support improving artisanal cobalt mining conditions in the Democratic Republic of Congo. The pilot project intends to strengthen legal compliance and improve health and safety conditions as well as social well-being in the south of the Democratic Republic of Congo According to the carmaker, the first trainings for mine operators and miners have begun. CURRENTLY, VOLKSWAGEN DOES NOT ACCEPT COBALT FROM ARTISANAL MINES The project is being implemented by GIZ and financed by BASF, BMW Group, Google, Samsung Electronics, Samsung SDI and… Read More Here
DRC exported 1,038 tonnes of coltan in the first half of 2020 for a value of USD 20.8 million 3 Mining in DRC 

DRC exported 1,038 tonnes of coltan in the first half of 2020 for a value of USD 20.8 million

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The Democratic Republic of the Congo exported 1,038.33 tonnes of coltan worth US $ 20 million 88,669 in the first half of 2020, according to figures from the Ministry of Mines. Exports of Coltan come mainly from the former Province of Katanga at a rate of 45%, i.e. 468.93 tonnes, from North Kivu (418.18 tonnes) and South Kivu (151.22 tonnes) respectively for 40%. and 15%. Read More Here
DRC exported 14,333.49 tonnes of cassiterite in the first half of 2020 for a value of USD 101 million 4 Mining in DRC 

DRC exported 14,333.49 tonnes of cassiterite in the first half of 2020 for a value of USD 101 million

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The Democratic Republic of the Congo exported 14,333.49 tonnes of cassiterite in the first half of 2020 for a total value of 101 million USD 15,488 including 4,869.49 tonnes (for a value of 28 million USD 228,762) of cassiterite from the artisanal mining and 9,464.27 tonnes (valued at USD 72 million 786,726) from the industrial sector, according to statistics provided by the Ministry of Mines. About 50% of artisanal cassiterite exports come from the former province of Katanga and the rest come from other provinces at a rate of 7%… Read More Here
Ministry of Mines in DRC Recovers Only 3 kg of gold from artisanal mining in the first half of 2020, fraud is doing well 5 Gold Mining in DRC 

Ministry of Mines in DRC Recovers Only 3 kg of gold from artisanal mining in the first half of 2020, fraud is doing well

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Statistics from the Ministry of Mines on gold exports in the first half of the year reveal massive fraud in artisanal mining in the Democratic Republic of the Congo. Indeed, during the first six months of the year, the competent services of the Ministry of Mines were only able to trace 3.25 kg of gold for export during the period. According to the Ministry of Mines, the DRC exported in the first half of 2020 a total volume of 15,642.64 kg of gold for a value of 580 million 670… Read More Here
MAINTENANCE COORDINATOR-REAGENTS,TAILINGS & SERVICES | MINING CAREER AT FQM, KANSANSHI, SOLWEZI, ZAMBIA 6 Mining Careers Mining in Zambia 

MAINTENANCE COORDINATOR-REAGENTS,TAILINGS & SERVICES | MINING CAREER AT FQM, KANSANSHI, SOLWEZI, ZAMBIA

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Requisition Number: JR1251| Country: Zambia | Contract Type: On-going| Location: Solwezi | Categories: Engineering Apply now Purpose of the role: The position of Maintenance Co-ordinator is to maximize plant availability through coordination of operation personnel to ensure all engineering activities go on in a professional manner. This role is responsible for maintaining operational integrity of the plant and equipment in order to achieve production targets. Key Duties and Responsibilities: Give clear direction, control and supervise the mechanical supervisors to ensure safe and profitable work environment for all. Be a self-starter and able to work autonomously and as part… Read More Here
COORDINATOR,PRIMARY CRUSHING | MINING CAREER AT FQM, KANSANSHI, SOLWEZI, ZAMBIA 7 Mining Careers Mining in Zambia 

COORDINATOR,PRIMARY CRUSHING | MINING CAREER AT FQM, KANSANSHI, SOLWEZI, ZAMBIA

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Requisition Number: JR484 | Country: Zambia | Contract Type: On-going| Location: Solwezi | Categories: Engineering Apply now Purpose of the role: The position of Maintenance Co-ordinator is to maximise plant availability through coordination of operation personnel to ensure all Engineering activities go on in a professional manner. This role is responsible for maintaining operational integrity of the plant and equipment in order to achieve production targets. Key Duties and Responsibilities: Give clear direction, control and supervise the mechanical supervisors to ensure safe and profitable work environment for all. Be a self-starter and able to work autonomously and as… Read More Here
DRC exported 15,642 kg of gold for a value of 580.6 million USD in the first half of 2020 8 Mining in DRC Gold 

DRC exported 15,642 kg of gold for a value of 580.6 million USD in the first half of 2020

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The Democratic Republic of the Congo exported in the first half of 2020 a volume of 15,642.64 kg of gold for a value of 580 million 670 912 USD, according to data from the Ministry of Mines. Kibali Gold Mine is the largest gold producer with 15,636.14 Kg of gold exported in the first half of 2020 for a value of 580 million USD 392,096. Note that only 3.25 kg of gold from artisanal mining have been traced in the statistics of the Ministry of Mines. This suggests the extent of… Read More Here
DRC exported 4,174 million carats of diamonds worth USD 42.9 million in the first half of 2020 9 Mining in DRC Diamond 

DRC exported 4,174 million carats of diamonds worth USD 42.9 million in the first half of 2020

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The Democratic Republic of the Congo exported in the first half of 2020 a volume of 3 million 82,184.13 carats of diamonds to Belgium, including 2,864,535.28 carats of industrial diamonds and 217,648.85 carats of jewelery diamonds for a total value of 32 million 68,154 USD, or 74% of diamond exports, according to data from the Ministry of Mines. During the same period, the DRC exported to Dubai in the United Arab Emirates 950,513.83 carats of diamonds including 783,273.24 carats of industrial diamonds and 167,240.59 carats of jewelery diamonds for a… Read More Here
Zambia's mining assets won't be taken by bondholders – mines minister 10 Mining in Zambia 

Zambia’s mining assets won’t be taken by bondholders – mines minister

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 Zambia doesn’t expect its mining assets to be taken away by bondholders and has no plans to sell its shares in mining companies despite defaulting on part of its debt last week, Mines Minister Richard Musukwa said on Thursday. Zambia hopes to “strike a win-win situation” with bondholders, Musukwa said after Africa’s no.2 copper producer failed to pay the $42.5-million coupon on its Eurobond debt last Friday. Zambia’s mining assets have been in the spotlight as the country’s financial situation deteriorated this year and the pandemic prompted mining giant Glencore to shutter… Read More Here

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