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DRC: COVID-19 and cobalt crash

October 9, 2020October 9, 2020 admin

The global health crisis is slowing the development of processing plants after plummeting cobalt prices led to the closing of some operations in 2019. The COVID-19 crisis has exacerbated problems that were already brewing in the mining sector in the DRC, a major producer of the cobalt used in electric-car batteries and the copper used in materials for the construction and power sectors. After hitting highs of $100,000/tn in 2018, cobalt prices crashed to around $30,000/tn in 2019 due to a combination of increased production and a slowdown in purchases… Read More Here

Mining in DRC New Mining Projects

Commodities trader Trafigura plans to restart copper mine in Congo

October 9, 2020October 9, 2020 admin

Commodity trading company Trafigura plans to restart its copper mine in Democratic Republic of Congo (DRC). The latest news comes after the DRC Prime Minister’s meeting with the commodities trader, Reuters reported. Trafigura’s mining head Emmanuel Henry told Prime Minister Sylvestre Ilunga Ilunkamba that the mine had faced several operational difficulties due to “unstable” prices of copper. He said that the company aims to reopen the mine after its temporary closure, according to Prime Minister’s office statement. Trafigura’s Mawson West mine is located north of Lake Mweru in Haut-Katanga province in DRC.… Read More Here

Mining in DRC Mining Careers

ENGINEER, TMM | MINING CAREER AT KAMOA COPPER SA, IVANHOE MINES, DRC

October 9, 2020October 9, 2020 admin

Requisition Number: 244/KAMA/VG/Engineer, TMM/Congo, Republic Of The/160920 | Country: DRC | Contract Type: Permanent | Location: Congo,DRC | Categories: Engineering Apply now Introduction… Kamoa Copper is currently recruiting for a qualified and experienced Engineer, TMM to join our team based in the DRC.The position entails management of health & safety standards, and ensuring maintenance targets are met. It also includes ensuring the effective availability & utilization of trackless equipment, and ensuring that all equipment conforms to legal requirements. Minimum Requirements… Qualifications Required Relevant Engineering Diploma or degree (Mechanical or Electrical) Prefrred Qualifications Post Graduate qualification in Engineering or professional… Read More Here

Mining in DRC Mining Careers

SECTION VENTILATION ENGINEER | MINING CAREER AT KAMOA COPPER SA, IVANHOE MINES, DRC

October 9, 2020October 9, 2020 admin1 Comment

Requisition Number: 246/KAMA/ND/Section Ventilation/Congo, Republic Of The/160920 | Country: DRC | Contract Type: Permanent | Location: Congo,DRC | Categories: Engineering Apply now Introduction… Kamao is looking for a suitably qualified and experienced Section Ventilation Engineer to join our dynamic team. Minimum Requirements… Valid certificate of fitness 3 year diploma or degree in related field Chamber of Mines Intermediate Certificate in Mine Environmental Control Basic knowledge of Hazardous Chemical Substances Computer literate 10 Years in a Ventilation department on a metalliferous mine People management skills Knowledge and understanding of legal aspects related to Ventilation and Occupational Hygiene. ersonal attributes… Read More Here

Gold International

Barrick CEO warns of reserve crisis

October 8, 2020October 8, 2020 admin

Barrick Gold CEO Mark Bristow on Wednesday said the gold industry in Africa should consolidate further, as he warned of a “serious reserve crisis” looming for the sector. A dearth of exploration has seen average mine life across the gold mining sector fall from 20 years to closer to 10 years, he added, speaking at the Joburg Indaba mining conference. “The prospect of a serious reserve crisis is looming,” said Bristow. Gold production across the industry has only increased by 1.6% every year for the past two decades, he said. Bristow said this… Read More Here

Gold International

Caledonia and Zim Government reaches agreement over potential investment opportunities

October 8, 2020October 8, 2020 admin

Caledonia Mining Corporation Plc (NYSE American: CMCL; AIM: CMCL) is pleased to announce that it has signed an agreement with the Government of the Republic of Zimbabwe under which Caledonia will evaluate mining rights, properties and/or projects in the gold sector that are controlled by the Government with a view to assessing the potential to advance development on these properties or projects. Caledonia believes Zimbabwe is a highly prospective region for gold discoveries. Caledonia has assessed and continues to assess investment opportunities in the Zimbabwe gold sector that are privately owned.… Read More Here

Covid-19

Africa: Nearly 220,000 Active Covid-19 Cases Across Continent

October 8, 2020October 8, 2020 admin

As of October 8, the confirmed cases of Covid-19 from 55 African countries have reached 1,536,831. Reported deaths in Africa have reached 37,095, and recoveries 1,279,758. Currently, 219,976 cases are active and 14,550,719 tests have been performed. South Africa has the most reported cases – 685,155, with deaths numbering 17,248. Other most-affected countries include Morocco (140,024), Egypt (104,035) Ethiopia (80,895), Nigeria (59,738) and Algeria (52,520). The numbers are compiled by the Center for Systems Science and Engineering (CSSE) at Johns Hopkins University (world map) using statistics from the World Health… Read More Here

Energy International

Caledonia Mining appoints contractor to construct a solar power plant for electricity supply

October 8, 2020October 8, 2020 admin

Voltalia is an international renewable energy provider which has considerable experience in the delivery of renewable energy projects including the development, construction, operation and maintenance of solar power plants Voltalia is already active notably in Burundi, Malawi and South Africa Caledonia Mining Corporation PLC (LON:CMCL) has said that, since raising the required funds to invest in the construction of a solar power plant to supply electricity to the Blanket Mine in Zimbabwe, it has now appointed Voltalia as the contractor for the project. Voltalia is an international renewable energy provider and is… Read More Here

Mining in DRC Mining Companies

Miscue in DRC mining code delays repatriation of $500m to Barrick & AngloGold

October 8, 2020October 8, 2020 admin

BARRICK Gold and AngloGold Ashanti have still not received the payment of some $500m in profits from their jointly-owned Kibali gold mine in the Democratic Republic of Congo (DRC) despite Barrick CEO Mark Bristow stating in August that payment had been approved and all that was left was “just the paper work”. Replying to a question at the Joburg Indaba mining conference, Bristow maintained the money was “safe” and being held in a US dollar account in Barrick’s name. “Being Africa, sometimes paperwork takes a little longer than normal, but it… Read More Here

Iron Ore

South Africa’s iron-ore sector to benefit from rising Chinese demand

October 7, 2020October 7, 2020 admin

South Africa’s Northern Cape is considered a “fantastic mineral region” and African Rainbow Minerals ferrous division CE Andre Joubert believes iron-ore, besides other commodities, is likely to benefit following the Covid-19 pandemic. Crude steel is a major driver for iron-ore production, he says, noting that China’s crude steel production grew by 3.7% year-on-year from January through to August, whereas steel production in Europe and North America declined by almost 19% over the same period. Bolstering China’s demand for the commodity is the fact that, unlike other countries who took the socioeconomic route,… Read More Here