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One ounce of gold crosses the US$ 2,000 mark on the international market 1 Mining in DRC Gold International 

One ounce of gold crosses the US$ 2,000 mark on the international market

Gold has continued to rise on the international market despite the backdrop of the health crisis affecting the whole world. The yellow metal first traded at $ 2,019 an ounce on the Singapore Stock Exchange on Wednesday, August 5th. According to experts, in addition to the uncertainty associated with the global economic recovery related to the Covid-19 pandemic, this precious metal is benefiting from other geopolitical and economic factors that have increased investor fears during these times. After Goldman Sachs analysts predicted gold would cross the $ 2,000 mark, they… Read More Here
KEY CUSTOMER MANAGER | MINING CAREERS AT SANDVIK COMPANY, ZAMBIA 2 Mining Careers Mining in Zambia 

KEY CUSTOMER MANAGER | MINING CAREERS AT SANDVIK COMPANY, ZAMBIA

Key Customer Manager Deadline: 20 Aug 2020 Country: Zambia Location: Kitwe Job-ID: R0019836 Job category: Sales and Product Service Click to Apply Now Save Key Customer Manager at Sandvik The Role The purpose of this role is: To be responsible for the development of the business and relationship with the Chinese customers in the Sales Area. Key aspects of the responsibilities are building long-term relationships and expanding business opportunities, which require detailed and profound understanding of the account´s strategic goals, business targets and operational needs as well as Sandvik Mining´s… Read More Here
Russia on track to become world’s top gold producer by 2029 3 Gold International 

Russia on track to become world’s top gold producer by 2029

Despite the challenges caused by the covid-19 pandemic, Russia is still hopeful that it will be ranked as the world’s top gold producer by 2029, achieving an average annual growth of 3.7% y-o-y between 2020 and 2029. This forecast was presented in a report by Fitch Solutions Country Risk & Industry Research, whose experts believe that strong domestic gold demand in the short to medium term will support rising gold production in Russia. Despite a 900-strong coronavirus outbreak at Polyus Gold’s Olympiada mine in the Krasnoyarsk region of eastern Siberia,… Read More Here
Congo to debate copper concentrate export waivers with miners 4 Copper Cobalt Mining in DRC 

Congo to debate copper concentrate export waivers with miners

Mining companies, copper and cobalt buyers have been invited to a meeting in Kinshasa next week to discuss whether there is a way to maintain the waiver of an export ban, which is set to expire in September, the mining minister announced. The Congo, Africa’s largest copper producer, banned the export of copper and cobalt concentrates in 2013 to encourage miners to process and refine the ore within its borders. However, the country does not have sufficient smelting capacity and has repeatedly issued exemptions. A comprehensive ban would lead to… Read More Here

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