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China targets 20% share of new energy vehicle sales by 2025 1 Energy Equipment & Technology 

China targets 20% share of new energy vehicle sales by 2025

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The Chinese government has launched a new energy vehicle (NEV) industry development plan that will see NEV sales account for 20% of the country’s total vehicle sales by 2025. The plan, which covers the period from 2021 to 2035, will also see battery-electric vehicles dominating new vehicle sales by 2035. By that time, China’s goal is to have all of its public transport running on electric power. Announced on Nov. 2, the industry plan also aims to lower the average power consumption of electric vehicles to 12 kilowatt-hours (kWh) per… Read More Here
US Court awards $135m to shareholders of DRC mine 2 Mining in DRC Mining Companies 

US Court awards $135m to shareholders of DRC mine

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A US Court for the Eastern District of New York on Tuesday sentenced OZ Africa, a subsidiary of multi-billion-dollar hedge fund Och-Ziff, for corruption linked to mining projects in the Democratic Republic of Congo (DRC). The court reportedly awarded $135 million in restitution to the former shareholders of Africo Resources Ltd, who lost their investment. The shareholders were recognized as “victims of crime” by the court for loss of their interest in the prospective Kalukundi copper and cobalt mine in southern Congo. Congolese communities living near the mine received no compensation as their plight… Read More Here
Goodyear targets opex costs with RH-4A 3 Equipment & Technology International 

Goodyear targets opex costs with RH-4A

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Tyre maker Goodyear has launched a new large haulage tyre called the RH-4A+ that uses new designs and technologies to achieve lower operating costs and higher productivity in hard rock conditions. The RH-4A+ has been engineered to deliver a lower operating cost per hour The tyre features Goodyear’s new Durawall Technology, which aims to improve sidewall durability and lateral stability, and has a wider bead design and moulded rim width. Field trials with mining customers using the 46/90R57 model showed that these features enable to the RH-4A+ to deliver up… Read More Here
Angola to launch diamond exchange in Luanda in 2021 4 Diamond 

Angola to launch diamond exchange in Luanda in 2021

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The government of Angola said on Tuesday it has identified key steps it needs to take before launching its own diamond exchange in Luanda, which is slated to open by the end of 2021. Mining and oil minister Diamantino Azevedo said its office is currently focused on setting up a gemological academy and a technological research centre within the same free-trade zone the Angolan Diamond Bourse (ADB) will be located, African Intelligence reported. Angola, the world’s fifth diamond producer by value and no.6 by volume, appointed in June Belgian expert Peter Meeus as… Read More Here
Jubilee nearly doubles rights to copper tailings in Zambia 5 Copper Mining in Zambia 

Jubilee nearly doubles rights to copper tailings in Zambia

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Jubilee Metals Group has concluded further copper tailings transactions to secure the rights to an additional approximately 115 Mt of copper and cobalt containing surface tailings in Zambia. These transactions are in line with its stated strategy to expand operations in the country and are in addition to the already approximately 155 Mt secured, as announced previously, significantly contributing to future sustained earnings. Jubilee has secured the exclusive processing rights to the material through its subsidiary Braemore Platinum by entering into tailings supply and process development agreements with a number… Read More Here
Kamoa-Kakula achieves another monthly development record 6 Mining in DRC New Mining Projects 

Kamoa-Kakula achieves another monthly development record

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Ivanhoe Mines (TSX: IVN; OTCQX: IVPAF) announced on Monday that the underground development at the Kamoa-Kakula copper project in the Democratic Republic of Congo (DRC) totalled 2,172 metres in October, a new monthly record. The result brings total underground development to 24.7 kilometres – approximately 7.9 kilometres ahead of schedule. According to Ivanhoe, mining crews produced a combined 194,000 tonnes of ore in October from the Kakula and Kansoko mines, which was 48% higher than achieved in September. The project’s pre-production surface stockpiles now contain approximately one million tonnes of high-grade and medium-grade ore at an estimated grade… Read More Here
Mining contracts published by the International Monetary Fund - DRC 7 Mining in DRC 

Mining contracts published by the International Monetary Fund – DRC

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The various memorandum of understanding and mining contracts required by the International Monetary Fund have been published. They both concern Sokimo and Miba. These contracts were signed under the chairmanship of Felix Tshisekedi. Their publication was a prerequisite for the opening of negotiations to sign a three-year plan with the IMF. What do these contracts say? The talk is about four contracts or memoranda of understanding. There are three with Sokimo, the Mining Company of Kilo-Moto that mines gold in Ituri and one with Miba, the company that mines diamonds… Read More Here
EXPRESSIONS OF INTEREST (EOI) TO CONDUCT FEASIBILITY STUDY FOR SETTING UP A PRECIOUS METALS PROCESSING PLANT 8 Mining Supply Tenders Mining in Zambia 

EXPRESSIONS OF INTEREST (EOI) TO CONDUCT FEASIBILITY STUDY FOR SETTING UP A PRECIOUS METALS PROCESSING PLANT

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REQUEST FOR EXPRESSIONS OF INTEREST (EOI) FOR A CONSULTANT TO CONDUCT A FEASIBILITY STUDY INTO SETTING UP A PRECIOUS METALS PLANT 1.0 BACKGROUNDZCCM Investments Holdings Plc (ZCCM-IH) is an investments holding company which has a majority of its investments held in the copper mining sector of Zambia. ZCCM-IH’s majority shareholders are the Industrial Development Corporation (IDC) with 60.3%, Government of the Republic of Zambia (GRZ) with 17.3% shareholding, National Pensions Scheme Authority (NAPSA) with 15% and other shareholders with 7.4%. The company has a primary listing on the Lusaka Stock… Read More Here
Electrics to drive zero emission mines 9 Equipment & Technology 

Electrics to drive zero emission mines

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Heightened social pressure and a need for economically efficient mining practices will see Australia’s mining industry shift towards a future of automation, electrification and the ultimate goal of zero emissions on site.  According to the State of Play: Electrification report, released today, the majority (89%) of the globe’s leading mining executives expect mine sites across the world to electrify within the next 20 years.  Electrification is a game changer for the mining industry as it allows the complete removal of diesel from mines and, when combined with renewable energy, results in a decarbonised mine site.  Australia’s… Read More Here
Castillo Copper confirms eight priority targets at its Mkushi project 10 Copper Mining in Zambia New Mining Projects 

Castillo Copper confirms eight priority targets at its Mkushi project

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LSE and ASX-listed base metal explorer Castillo Copper has confirmed eight priority targets at its 100% owned Mkushi project in Zambia’s copper-belt following its recently completed systematic infillsoil sampling campaign. The campaign, which comprised 702 infill samples analysed using a portable XRF analyser, was conducted to reduce the spacing between samples and lines and derive a better understanding of copper anomalism apparent within the tenure boundaries.   Including previous work, some 1 899 samples have been collected across two campaigns. The Mkushi project contiguously surrounds an operating open-pit copper mine in a… Read More Here

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