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Epiroc completes acquisition of JTMEC

June 1, 2022June 6, 2022 admin

Swedish mining equipment maker Epiroc has completed the acquisition of JTMEC, an Australian company that specializes in providing mines with electrical infrastructure. JTMEC, based in Perth, Australia, is an electrification infrastructure solutions provider for both underground and surface mines. The company’s offerings include high voltage installation and maintenance work, transformer servicing and testing, engineering design, feasibility studies, and training. It also manufactures electrical products including substations and mine chargers. JTMEC has 190 employees and had revenues in the fiscal year ending June 30, 2021, of about A$34 million (US$24 million). Epiroc… Read More Here

Copper Mining in Zambia

Arbitration hearing set for January in Vedanta-Zambia dispute

June 1, 2022June 1, 2022 admin

Zambia’s decision three years ago to take control of a copper mine in the country’s north will be subject to an arbitration hearing in January, the country’s mines minister said on Wednesday, after a lengthy dispute over the mine’s ownership. Zambia in May 2019 handed control of Konkola Copper Mines (KCM) to a state-appointed provisional liquidator, triggering a legal battle with its previous owner, India-listed Vedanta, with arguments heard in Zambia and South Africa. Zambia’s government accused Vedanta at the time of failing to honour licence conditions, including promised investment… Read More Here

Battery Metals Lithium Mining in DRC

Electric battery industry to generate about 168 billion USD by 2030

May 30, 2022May 30, 2022 admin1 Comment

In a report released a few hours ago, Global Data reports that battery industry revenue is expected to exceed US$168 billion by 2030, registering a compound annual growth rate (CAGR) by 14%. The report states that the market will be driven up by sales of lithium-ion batteries. According to Global Data analyst Michael Orme, it is the Chinese battery manufacturer CATL that today symbolizes this dominance. “ CATL rose from almost nothing five years ago to capture more than 30% of the global market, which is twice the share of the… Read More Here

Energy Mining in DRC

Australian FFI reassures on the realization of its investment in the production of green hydrogen from Grand Inga

May 30, 2022June 1, 2022 admin

The Prime Minister, Jean-Michel Sama Lukonde Kyenge, received, this Monday, May 30, 2022 at the Primature, a delegation from the Australian group FFI (Fortescue Future Industries) who came to present to him the report on the progress of their project in DRC with a view to signing a cooperation agreement for the production of green hydrogen from the Grand Inga project as part of the energy transition. Operating in the mines in Australia, FFI wants to launch, in the DRC, mainly in the production of green hydrogen, a product suitable… Read More Here

Mining in DRC

Provincial Division of Mines and Geology caused the loss of several million dollars in mining royalties-DRC

May 30, 2022May 30, 2022 admin1 Comment

The Provincial Division of Mines and Geology of North Kivu would be at the base of the losses of several million dollars recorded by the Public Treasury of the Democratic Republic of Congo (DRC), during the 2019 budget year. While the price per ton of tin was trading at a low of 16,800 USD per ton on the international market, the Provincial Division of Mines and Geology of North Kivu applied the amount of 7,820 USD per ton. , warns the Dynamique des Femmes des Mines (DYFEM), in a report… Read More Here

International Mining Companies

Glencore bribery cases draw in billionaire former executives

May 30, 2022May 30, 2022 admin1 Comment

The US corruption and market manipulation cases against Glencore Plc include allegations about the conduct of two former executives who formed part of the inner circle of the trading house’s top management for over a decade — and walked away as billionaires. The US government did not bring any charges against top Glencore managers in the sweeping cases against Glencore to which the company pleaded guilty this week. But in legal documents on Tuesday, the US said that two former top Glencore executives, one of whom is identified as the “global head… Read More Here

Uranium

Uranium Investors Await Price Rally to Revive Namibia Projects

May 30, 2022May 30, 2022 admin

Namibia’s finance minister said uranium miners are waiting for prices to recover before reviving projects in Africa’s biggest producer of the ore, which is needed for nuclear power in a world shifting away from fossil fuels. The semi-arid southwest African nation is investing in water facilities and is planning a second desalination plant to supply mines in the dry Erongo region in anticipation of higher uranium prices attracting investors, according to Finance Minister Ipumbu Shiimi. “There are a number of uranium projects in the pipeline just waiting for the price to… Read More Here

Mining Careers Mining in Zambia

FIREMAN | MINING CAREERS AT FQM, SOLWEZI, ZAMBIA

May 30, 2022May 30, 2022 admin

Requisition Number: JR5911 | Contract Type: On-going | Country: Zambia Location: Solwezi Category: Health & Safety Apply now Job description: Overall Job Purpose To respond to emergency situations and primarily protect people, the environment and property from all types of fire, accidents and emergencies Specific Job Responsibility Respond immediately and safely to emergency calls and requests for assistance, if and when necessary. Attend to emergency incidents including fires, road accidents, floods, bomb incidents, spillages of dangerous substances and rail and air crashes. Rescue trapped people. Minimise distress and suffering, including giving first aid before ambulance crews arrive. Clean… Read More Here

Mining Careers Mining in Zambia

TAXATION ACCOUNTANT- INDIRECT TAXES | MINING CAREERS AT FQM, SOLWEZI, ZAMBIA

May 30, 2022May 30, 2022 admin

Requisition Number: JR6140 | Contract Type: On- going| Country: Zambia Location: Solwezi Category: Finance Apply now Job description: Overall Job Purpose Ensuring compliance for all VAT, Custom Duties and PAYE. The role focuses on the remittance of VAT, import & export duties and PAYE payments, returns, and the research of tax inquires. The Tax Accountant plays an integral part in supporting senior finance management in areas of tax compliance, internal control and financial reporting. Specific Job Responsibility Management: Manages all VAT, PAYE and Custom Duties of the business under the direct supervision of the Accounting Superintendent. Prepares, organizes,… Read More Here

Gemstones Mining in Zambia

Gemfields achieves highest ever revenue with May emerald auctions, netting $43.3m

May 30, 2022May 30, 2022 admin

A series of five sequential mini-auctions of emeralds held by gemstone miner Gemfields from May 9 to 26 saw all 38 lots on offer being sold and set a new record for the highest revenue and the highest average price per carat achieved, at $43.3-million and $155.90/ct, respectively. Gemfields has held 41 auctions of Kagem-sourced emeralds since July 2009, generating $835.3-million in total revenues. Besides the May auctions, Gemfields netted $37.8-million in revenue at auctions held during November 1 to December 6, where the average value amounted to $150.65/ct. Product and sales MD Adrian Banks says Kagem’s second… Read More Here