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SNEL to put broken down machines back into service at the Inga dam- DRC 1 Mining in DRC Hydro power plant 

SNEL to put broken down machines back into service at the Inga dam- DRC

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Since the end of September 2020, several subscribers of the national electricity company (SNEL) have experienced an increased problem in serving electric energy. For good reason, a deficit of at least 185 MW caused by the shutdown of two machines (G16 and G24) at the Inga dam (Kongo Central). Group 4 of the Inga 2 (G24) plant produces a power of 130 MW, or nearly près of Kinshasa’s consumption. To remedy this situation, the 100% Congolese operating staff of SNEL has been hard at work day and night since the shutdown.… Read More Here
Treasury received USD 544.3 million in revenue from the exploitation of natural resources in the first half of 2020-DRC 2 Mining in DRC 

Treasury received USD 544.3 million in revenue from the exploitation of natural resources in the first half of 2020-DRC

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The natural resources sectors contributed to the public treasury to the tune of 544.381 million USD in respect of duties, taxes and levies collected on the exploitation of mines, hydrocarbons and forestry, during the first two quarters of 2020, says a report of the Ministry of Finance published as part of the government’s commitment to transparency in the management of the Res Publica. In the first quarter of 2020, the revenue collected was in the order of 237.843 million USD compared to 306.537 million USD for the second quarter of… Read More Here
DRC Mines Minister grants a six-month moratorium to mining operators for on-site mineral processing 3 Mining in DRC Mineral Processing 

DRC Mines Minister grants a six-month moratorium to mining operators for on-site mineral processing

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The Minister of Mines, Willy Kitobo, has granted a 6-month moratorium to mining operators, mainly producers of copper sulphide concentrates for processing on site. This move intends, to give the market products extracted from the deposits of mineral substances from the Congolese soil and subsoil a greater added value. In his letter addressed to the mining operators, Willy Kitobo, reminded them of the prohibition by the Mining Code, to leave the country raw minerals. “I have decided to grant a six-month moratorium to all producers of copper sulphide concentrates, which will… Read More Here
Mines in DRC contributed USD 482.1 million to the Treasury in the first half of 2020 4 Mining in DRC 

Mines in DRC contributed USD 482.1 million to the Treasury in the first half of 2020

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Ministry of Finance publishes revenues from the natural resource sectors as part of the DRC’s commitment to transparency in public finance management. According to data provided by the Ministry of Finance, mining operations in the DRC brought in to the Treasury 482.111 million USD in the first half of 2020, or 201.714 million USD in the first quarter and 280.396 million in the second quarter. Overall, the natural resources sectors contributed to the treasury with $ 544.381 million in duties, taxes and levies collected on mining, hydrocarbon and forestry operations,… Read More Here
Tough times for Africa’s upstream oil and gas 5 Oil & Gas 

Tough times for Africa’s upstream oil and gas

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Getting upstream oil and gas projects off the ground in sub-Saharan Africa was challenging before the Covid-19 pandemic. Now the operating environment is even tougher, as the industry contends with labour restrictions, disrupted supply chains and the long-term impact on revenues and investment of the collapse in global demand for energy products. International oil companies that previously regarded the acquisition of new hydrocarbons reserves as a primary indicator of their corporate health are now touting the benefits of prudent investment in their existing oil and gas assets and diversification away… Read More Here
COORDINATOR-DRILLS | MINING CAREERS AT BARRICK LUMWANA, ZAMBIA 6 Mining Careers Mining in Zambia 

COORDINATOR-DRILLS | MINING CAREERS AT BARRICK LUMWANA, ZAMBIA

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Category: Engineering | Requisition number: 090407 | Location: Lumwana Mine, Solwezi, Zambia. | Reporting to:Superintendent-Shovels & Drills Apply now Lumwana Mining Company Limited (LMC), a copper mining company owned by Barrick Gold Corporation is situated in the North Western region of Zambia, some 300 km west of the Zambian Copperbelt and 95 km south west of the provincial capital of Solwezi. The mine is a multi-pit, multi staged operation mining approximately 100MT of ore and waste per annum and producing copper concentrates containing an average of 120,000 tonnes of copper metal per year over a… Read More Here
RISK OFFICER | MINING CAREERS AT ZCCM-IH INVESTMENT HOLDINGS LUSAKA,ZAMBIA 7 Mining in Zambia Mining Careers 

RISK OFFICER | MINING CAREERS AT ZCCM-IH INVESTMENT HOLDINGS LUSAKA,ZAMBIA

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JOB TITLE: Risk Officer | LOCATION: LUSAKA | DEPARTMENT: Risk and Internal Audit | Grade: ZH4 Apply now Zambia Gold Company is a Zambian newly established company that will oversee the mining, processing, refining and marketing of gold in Zambia. The company is owned by ZCCM- IH (51%) and the Zambian Government (49%) through the Ministry of Finance. In order to achieve our vision and mission, the Company invites applications from suitably qualified and experienced individuals who are innovative, energetic and performance-driven to fill the following positions at Alluvial Gold… Read More Here
Gold price back below $1,900 8 Gold International 

Gold price back below $1,900

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Gold prices fell below $1,900 an ounce on Tuesday as the dollar rallied on an impasse over US stimulus. Investors also latched onto a slightly less stark economic report card from the International Monetary Fund, which alleviated some of the economic concerns surrounding the covid-19 crisis. Spot gold fell 1.5% at $1,894.73 per ounce by 11:55 a.m. EDT, after falling by as much as 1.9% earlier in the session. US gold futures lost 1.6% to $1,898.00 per ounce in New York. Meanwhile, the US dollar jumped 0.4% against rivals on Tuesday, making… Read More Here
Congo extends copper concentrate export ban waiver to April 2021 9 Mining in DRC Copper 

Congo extends copper concentrate export ban waiver to April 2021

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Democratic Republic of Congo has issued a six-month waiver to an export ban on copper concentrate, the Mining Minister said in a letter seen by Reuters on Tuesday. Congo, the world’s leading producer of cobalt and Africa’s biggest copper producer, banned exports of copper and cobalt concentrates in 2013 to encourage miners to process and refine the ore in the country. But insufficient smelting capacity has driven it to repeatedly issue waivers. In August, the government granted an indefinite moratorium for all minerals exports except copper concentrate, pending discussions with… Read More Here
Swedish group Sandvik to sell exploration business to Drillman 10 International Mining Companies 

Swedish group Sandvik to sell exploration business to Drillman

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Swedish engineering group Sandvik has agreed to sell its exploration business to Drillman, a subsidiary of the M Group of companies. Sandvik will divest exploration rigs, consumables and production stock. The agreement also includes certain trademarks and patents. Sandvik president and CEO Stefan Widing said: “I am pleased that we have signed an agreement to sell our exploration business as this is in line with our focus to further improve the efficiency and profitability of our company.” Drillman is a provider of equipment and technical support to the geotechnical, mineral… Read More Here

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