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Gemfields share price soars by 7% 1 Gemstones International Mining in Zambia 

Gemfields share price soars by 7%

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Gemfields’ stock soared nearly 7% on the JSE yesterday after the supplier of coloured gemstones said that its first ruby auction of the year brought in $95.6 million (R1.6 billion), the company’s all-time high auction income. In intraday trading on Monday, the shares were trading at R3.55. The Gemfields Group, headquartered in London and traded on the Johannesburg and London Stock Exchanges, specializes in emerald mining at the Kagem mine in Zambia and the Montepuez Ruby Mining (MRM) in Mozambique. According to the report, the ruby auction consisted of seven… Read More Here
Zambians must benefit more from mining, minister says 2 Mining in Zambia 

Zambians must benefit more from mining, minister says

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Zambia needs to hold a bigger stake in new mines and local communities should benefit more from the mineral values chain, mines minister Paul Kabuswe said on Wednesday. “This government is saying Zambians must be an integral part of whatever investment. We can no longer sit in the terraces and watch,” Kabuswe said at a conference. The minister said later in response to questions that the government was planning to increase the state’s shareholding in new mines to ensure that Zambia maximises its benefits from the sector. “Going forward, I… Read More Here
Gold firms as economic fears return to centre stage 3 Gold International 

Gold firms as economic fears return to centre stage

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Gold rose on Wednesday as renewed fears of a recession bolstered bullion’s allure as a safe haven and countered pressure from a firmer dollar, while investors awaited monetary policy cues from the Federal Reserve. Spot gold reversed initial declines to rise 0.4% to $1 839.86/oz by 11:45 GMT, while US gold futures gained 0.2% to $1 841.70. World stocks fell as concerns of rising interest rates and recession persisted.  Adding to this, soaring food prices pushed British consumer price inflation to a 40-year high of 9.1% last month.  “You have all the fears of rising recession… Read More Here
Castillo Copper grants option to sell Zambian projects for £2.25 million  4 Copper Mining in Zambia 

Castillo Copper grants option to sell Zambian projects for £2.25 million 

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“The board is delighted to have granted London-based Hyperion Copper the option to acquire the Zambia Projects … we now have a partner who will fund all future development work, whilst benefits accrue to CCZ via retaining the shareholding in Hyperion Copper post its AIM listing,” said MD. Castillo Copper Ltd has awarded London-based company Hyperion Copper a 12-month option to acquire its wholly-owned subsidiary Zed Copper, which holds four assets in the Zambian copper belt, including the advanced Luanshya and Mkushi projects. Under the terms of the agreement, Hyperion will… Read More Here
MAINTENANCE, PLANNER | MINING CAREERS AT FQM, SOLWEZI, ZAMBIA 5 Mining Careers Mining in Zambia 

MAINTENANCE, PLANNER | MINING CAREERS AT FQM, SOLWEZI, ZAMBIA

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Requisition Number: JR6258 | Contract Type: On-going | Country: Zambia  Location: Solwezi   Category: Engineering Apply now Job description: Purpose of the role: The position exists to produce detailed and comprehensive plans/schedules of work orders for planned, routine, equipment overhaul and shutdown maintenance work and minor capital projects, providing an efficient and effective in-house work order planning service for key stakeholders. Key Responsibilities: Liaise with work request originators, Maintenance and Operations staff onsite inspections of planned work activities to ensure that work orders accurately reflect the specific actions necessary to complete the task effectively. Ensuring work order contains all… Read More Here
ENGINEER, ELECTRICAL | MINING CAREERS AT FQM, SOLWEZI, ZAMBIA 6 Mining Chemicals Mining in Zambia 

ENGINEER, ELECTRICAL | MINING CAREERS AT FQM, SOLWEZI, ZAMBIA

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Requisition Number: JR6242 | Contract Type: On-going | Country: Zambia  Location: Solwezi   Category: Engineering Apply now Job description: Purpose of the role: Reporting to the Superintendent Electrical Infrastructure, you will be responsible for assisting in the establishment of preventative and responsive electrical fixed plant maintenance within the FQM Trident mine process plant: to ensure maximum operational performance is achieved in a safe and cost effective manner. Key Responsibilities: Provide guidance on the installation of new electrical infrastructure operational equipment and systems, replacement of old, faulty or redundant electrical infrastructure operational equipment and systems, inside the process plant… Read More Here
SENIOR ANALYST- BUSINESS EVALUATION | MINING CAREERS AT MMG, KINSEVERE, DRC 7 Mining Careers Mining in DRC 

SENIOR ANALYST- BUSINESS EVALUATION | MINING CAREERS AT MMG, KINSEVERE, DRC

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Requisition number: 499197| Location: Kinsevere DRC Apply now Job no: 499197Work type: À plein tempsLocation: mine de Kinsevere MMG Limited is a publicly-listed global base metal mining company recognised as a leading producer of copper and zinc. As an international business, MMG strives to create an inclusive culture by bringing together people from diverse backgrounds and experiences. We recognise the unique value your contribution makes to the progress of our company and the communities in which we operate. The mine; MMG Kinsevere is fully owned by MMG Limited Senior Analyst – Business Evaluation Reporting to… Read More Here
Cobalt gets cheaper as China’s buyers suffer from battery slump 8 Cobalt International 

Cobalt gets cheaper as China’s buyers suffer from battery slump

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Cobalt prices are crashing back to earth as sellers offer increasingly steep concessions to Chinese buyers who have turned cold on the battery metal as demand slumps in electric vehicles and smartphones. The benchmark price for cobalt in Europe has slid more than 13% since a peak in May, and an even sharper decline in Chinese prices signals the sell-off could have further to run. Buyers in the country are racing to renegotiate supply deals in order to stem heavy losses arising from an unusual disconnect between domestic and international… Read More Here
Eighth and last missing miner found dead in flooded Burkina Faso mine 9 Mining in Zambia 

Eighth and last missing miner found dead in flooded Burkina Faso mine

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The body of the last of eight miners who drowned in a Burkina Faso zinc mine owned by Trevali Mining Corp when it flooded on April 16 was found on Monday, the government said. The seven other bodies have been recovered gradually from the mine’s underground passages since May 24, when the first four were discovered. Hopes of finding any survivors had already dissolved by then, as rescue teams had found no one inside a chamber in which there had been a slim chance that the eight missing miners who… Read More Here
Glencore unit pleads guilty to bribery in Africa 10 International Oil & Gas 

Glencore unit pleads guilty to bribery in Africa

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A British subsidiary of Glencore (LON: GLEN) formally pleaded guilty on Tuesday to the seven charges of bribery brought against the mining and commodities trader by the UK Serious Fraud Office (SFO), which relate to the firm’s oil operations in Africa. Glencore Energy confessed to paying $28 million in bribes to secure preferential access to oil, including increased cargoes, valuable grades of oil and preferable dates of delivery in Cameroon, Equatorial Guinea, Ivory Coast, Nigeria and South Sudan. The company, which also admitted to generating illicit profits between 2011 and 2016, will be sentenced… Read More Here

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