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Chinese Society WIETC / SZTC presents to Prime Minister its project to build three mini-dams in Haut-Katanga- DRC 1 Mining in DRC New Mining Projects 

Chinese Society WIETC / SZTC presents to Prime Minister its project to build three mini-dams in Haut-Katanga- DRC

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A delegation from the Chinese company under Congolese law WIETC / SZTC, led by its CEO, ZHANG QIYUN, had 0n Wednesday 23 September presented to the prime Minister,, Ilunga Ilunkamba, some projects that it intends to carry out in the Democratic Republic of Congo. WIETC / SZTC notably plans to build three mini hydroelectric dams in the Haut-Katanga province, after prospecting in the field, and is also interested in urban roads in the provinces, and water boreholes precisely in Kasai. His CEO ZHANG QIYUN, during this meeting with the Head… Read More Here
Gold price closing in on worst week since March 2 Gold International 

Gold price closing in on worst week since March

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Gold declined further on Friday and is now set for its biggest weekly loss since the coronavirus panicked global markets in March. Meanwhile, the US dollar rallied again as risk aversion among investors continues to rise following a warning from the US Federal Reserve that economic recovery will stall without further stimulus. Spot gold fell 0.3% to $1,862.91 per ounce by 11 a.m. EDT, after touching its lowest since July a day earlier. US gold futures were down 0.6% to $1,865.70 per ounce in New York. The outlook for the global economic… Read More Here
Zambian Jerabos eye for Mopani shares 3 Mining Companies Mining in Zambia 

Zambian Jerabos eye for Mopani shares

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A CONSORTIUM of small-scale miners, commonly known as jerabos, have shown great interest in buying shares in the giant Mopani CopperMines (MCM). Chapamo Mineral Processing Company, which was recently empowered with a 10 percent share in the slag dump, popularly known as Black Mountain, wants a stake in the mine. Government and Glencore, the owners of the mine, are in talks following Zambia Consolidated Copper Mines–Investment Holdings (ZCCM-IH)’s interest to increase its shareholding in the mining company. Currently, ZCCM-IH owns only 10 percent shares in the mine but now wants… Read More Here
Zambia to remove import duty on copper ore 4 Copper Mining in Zambia 

Zambia to remove import duty on copper ore

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 Zambia will remove import duty on copper ores and concentrates to encourage local processing, Finance Minister Bwalya Ng’andu said in a Budget speech delivered in Parliament on Friday. Africa’s second largest copper producer saw its export earnings from the metal in the first half of the year fall 14.8% to $2.3-billion due to a drop in prices, he added source: mining weekly Read More Here
Illicit DRC gold: London Bullion Market must do more to stop it 5 Mining in DRC Gold 

Illicit DRC gold: London Bullion Market must do more to stop it

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Canadian conflict minerals research group IMPACT executive director Joanne Lebert says The London Bullion Market Association (LBMA) must do more to combat an illicit trade in gold mined in the Democratic Republic of Congo (DRC). The LBMA “has to take a leadership role and direct its members not to source from any company that does not meaningfully implement due diligence to the source,” says Lebert, speaking in reaction to the LBMA’s first annual report on responsible sourcing published September 22. The LBMA should consider delisting refineries that are sourcing gold from Dubai, she says.… Read More Here
Rise in dollar causes Gold price to slide further 6 Gold International 

Rise in dollar causes Gold price to slide further

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Gold continued its slide to a new two-month low on Wednesday as positive momentum for stocks and a strengthening dollar undercut investor appetite for bullion, while a lack of additional stimulus to aid the global economy on the road to recovery added further pressure on the precious metal. Spot gold was down 1.7% to $1,866.71 per ounce by 11:30 a.m. EDT. US gold futures also fell 1.8% to $1873.00 per ounce in New York. Meanwhile, more positive US economic data and concerns over surging coronavirus infections in Europe pushed the… Read More Here
4680 BATTERY CELL Battery Metals International 

Tesla unveils new 4680 battery cell

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Tesla revealed its new ‘4680 cell’ at the company’s Battery Day, promising five times more energy capacity and six times more power than previous cells, key factors to fulfill its long-term objective to sell a low cost mass-market electric vehicle. The company also said it is planning to build its own cathode factory in North America, and when Elon Musk announced the company’s claim on 10,000-acre lithium clay deposit in Nevada, it signaled that Tesla is officially getting into the mining business. According to Tesla’s estimates, using its new extraction and… Read More Here
Gécamines Mining in DRC Mining Companies 

Tshisekedi called upon, to allow audits of partnerships between Gécamines and foreign mining companies

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The president of the LICOCO (Congolese League for the fight against corruption), Ernest Mpararo, launched an appeal, this Wednesday, September 23, to the President of the Republic, Félix Tshisekedi, to allow an audit of all the partnerships concluded between Gécamines and foreign mining companies. According to Mr Mpararo, the audit would provide resources to Gécamines, especially since he considers that these contracts are “unbalanced” for Gécamines. “We want this audit because we have found that a lot of companies are lying. They say they don’t have a lot of money,… Read More Here
Ivanhoe Mines accelerates the expansion of its Kamoa-Kakula mine site 7 Copper Mining in DRC New Mining Projects 

Ivanhoe Mines accelerates the expansion of its Kamoa-Kakula mine site

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The Kamoa-Kakula joint venture will immediately order long-lead equipment to accelerate the expansion of the Kakula processing plant from 3.8 million tonnes per year (Mtpa) to 7.6 Mtpa. The challenge is to prepare for an expected increase in demand for copper which will exceed supply in the years to come. Co-Chairs Robert Friedland and Yufeng “Miles” Sun of Ivanhoe Mines announced on Monday, September 21 that the Kamoa-Kakula Copper joint venture has agreed to proceed “immediately with orders for long lead equipment for the second 3.8 concentrator module. million tonnes per… Read More Here
Gécamines produced 15,288 tonnes of copper and 100 tonnes of cobalt by the end of August 2020- DRC 8 Mining in DRC Cobalt Copper 

Gécamines produced 15,288 tonnes of copper and 100 tonnes of cobalt by the end of August 2020- DRC

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La Générale des Carrières et des Mines (Gécamines) had in the first 8 months of 2020 produced 15,288 tonnes of copper and 100 tonnes of cobalt against 12,858 tonnes of copper and 101 tonnes of cobalt in the same period in 2019, according to the Central Bank of Congo. The mining industry of the Democratic Republic of the Congo produced 1,041,445 tonnes of copper at the end of August 2020 against 919,937 tonnes at the same period in 2019, i.e. production up 13.2%, says the Central Bank. of the Congo… Read More Here

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