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Botswana New Mining Projects Copper Mining in Zambia 

Arc Minerals signs exclusive agreement with Anglo American

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Arc Minerals Chief Executive Officer and CEO Nick von Schirnding announced that copper explorer Arc Minerals, who carried out extensive exploration drilling in Zambia in its study of the near-term copper opportunities, has signed an exclusive agreement with Anglo American. Arc Minerals, listed on UK Aim, hold former Anglo-American copper deposits in northwestern Zambia that remain largely unexplored, and Von Schirnding is himself a former Anglo-American plc and managing director of De Beers. “Of course we cannot or do not want to have further discussions with any other group due… Read More Here
DRC: Gécamines recovers minerals intercepted by the Industrial Guard from the Kabolela mine in Likasi 1 Mining in DRC 

DRC: Gécamines recovers minerals intercepted by the Industrial Guard from the Kabolela mine in Likasi

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Jean-Michel Sama Lukonde, general manager of Gécamines, attended, during a mission of observation which he carried out on Tuesday, a ceremony of restitution of a cargo made up of 5 trucks of minerals intercepted by the industrial guard , coming from the Kabolela mine in Likasi, 120 km from Lubumbashi in the Haut-Katanga province.  He indicated that the Likasi judicial authorities present at the place proceeded with the restitution pending the continuation of the investigations to sanction the culprits. Satisfied with the work done, he took this opportunity to thank… Read More Here
Gemfields attempts to mitigate virus effect with mini-auctions 2 International Precious Metals 

Gemfields attempts to mitigate virus effect with mini-auctions

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Precious gemstones miner Gemfields (LON: GEM) (JSE: GML) said on Tuesday it is unable to say when it might be able to host its next auction, or generate meaningful revenue from sales, due to the “severe” impact of covid-19 restrictions. The company, which returned to the London Stock Exchange’s market for juniors this year, has only been able to host one auction so far in 2020. Held in February in Lusaka, the sale of commercial quality emeralds yielded $11.5 million. In comparison, Gemfields made $200 million in 2019 from auctions, which accounted for 93% of total group… Read More Here
Castillo finally getting down to business 3 Mining in Zambia 

Castillo finally getting down to business

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CASTILLO Copper CEO Simon Paull says while the company talked about three pillars in the lead-up to its London listing in August, and put a focus on its Zed project in Zambia, things changed in the meantime Paull told MNN he was “pretty frustrated” at year-long process that Castillo took to successfully list on the main board of the London Stock Exchange, but he hadn’t reckoned on what a wild year 2020. Read More Here
Metso Outotec launches compact crusher 4 Equipment & Technology International 

Metso Outotec launches compact crusher

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Finnish mining engineering group Metso Outotec has added a compact option to its primary gyratory crusher range that the company says can achieve large capacity with capex savings. Metso Outotec said the SUPERIOR MKIII 6275UG was developed in response to customer demand for a high-capacity underground primary crusher that did not require a primary feeder, scalper, and the associated infrastructure. “We’ve designed a more compact primary gyratory crusher reducing CAPEX that is applicable to both underground and above ground applications for the mining industry,” said Jim Bathie, VP Mining Crushers.… Read More Here
DIRECTORS ON BOARDS OF INVESTEE COMPANIES | MINING CAREERS AT ZCCM-IH INVESTMENT HOLDINGS LUSAKA,ZAMBIA 5 Mining Careers Mining in Zambia 

DIRECTORS ON BOARDS OF INVESTEE COMPANIES | MINING CAREERS AT ZCCM-IH INVESTMENT HOLDINGS LUSAKA,ZAMBIA

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APPLICATIONS FOR APPOINTMENT AS ZCCM-IH’S REPRESENTATIVE DIRECTORS ON BOARDS OF INVESTEE COMPANIES ZCCM Investments Holdings plc (ZCCM-IH or the Company) is an investments holdings company with a primary listing on the Lusaka Securities Exchange and secondary listings on the London and Euronext (Paris) Stock Exchanges. The Company has the majority of its investments held in the copper mining sector of Zambia. ZCCM-IH’s shareholders are the Industrial Development Corporation (IDC) holding 60.3% of the shares, Government of the Republic of Zambia (GRZ) with 17.3%, National Pension Scheme Authority (NAPSA) holding 15%… Read More Here
Middle East Diamond Resources takes over Casa Mining to access DRC gold deposit 6 Mining in DRC Gold 

Middle East Diamond Resources takes over Casa Mining to access DRC gold deposit

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SE-listed exploration company Middle East Diamond Resources (MEDR) has entered into a heads of agreement with Chun Can Capital Group to acquire all the issued shares of Casa Mining. Casa has a 73% interest in the Akyanga gold deposit, in Democratic Republic of the Congo. The deposit has a three-million-ounce inferred resource. The acquisition speaks to MEDR’s widened search beyond South Africa for suitable assets, particularly for gold and copper, in the rest of Africa. The transaction involves more than 100% of the market capitalisation of MEDR and therefore is… Read More Here
S.African investors exit local coal project on climate concerns 7 Coal 

S.African investors exit local coal project on climate concerns

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South African investors have pulled out of a local multi-billion dollar coal-fired power plant project, putting its construction at risk as opposition to the use of fossil-fuels in the country grows despite crippling power shortages. Across the world, investors are coming under increasing pressure to ditch coal, the most polluting of fossil fuels, and switch to greener energy. *Across the world, investors are coming under increasing pressure to ditch coal, the most polluting of fossil fuels, and switch to greener energy Read More Here
The DRC: A Resource-Rich Country 8 Mining in DRC 

The DRC: A Resource-Rich Country

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The Democratic Republic of the Congo (DRC) is considered to be one of Africa’s richest countries in terms of natural resources and is home to the Congo River, the second-longest river in Africa, which boasts major hydroelectric potential. Estimates state that it could produce up to 100,000 MW, close to a third of Africa’s total hydroelectric potential. Having attracted European powers to its southeast Katanga region as early as the 19th century, the Democratic Republic of the Congo has long been rich in natural resources, with immense mineral reserves scattered across… Read More Here
Equinox to Build a $103m Brazil gold mine 9 International New Mining Projects 

Equinox to Build a $103m Brazil gold mine

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Equinox Gold ready to start production at its Santa Luz gold mine, which is set to start contributing cash flow to the company in just over a year’s time. The $103-million mine, in Bahia state, Brazil, will produce over 903 000 oz of gold and generate $436-million in after-tax net cash flow over an initial 9.5-year mine life from 1.1-million ounces of openpit gold reserves. At $1 500/oz gold, the project has an after-tax net present value discounted at 5% of $305-million with an internal rate of return of 58%.… Read More Here

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