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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

Oil & Gas International

Glencore’s oil-price rigging puts spotlight back on benchmarks

May 27, 2022May 27, 2022 admin

Glencore’s settlement with US prosecutors has cast fresh light on manipulation of an under-the-radar part of the commodities world that’s crucial for valuing physical deals and derivatives. The raw-materials giant this week agreed to plead guilty to rigging fuel-oil assessment prices after probes into wide-ranging bribery and corruption. The process for setting the benchmarks involves price reporters polling traders in the market for bids, offers and transactions so that they can publish values on products that otherwise would remain private information. It’s a hugely important part of the industry. Billions… Read More Here

Mining technology

Improving Efficiency Underground: Seven Top Areas to Evaluate

May 27, 2022May 27, 2022 admin

Underground hard rock mines present some of the most challenging conditions for mining operations. Despite these challenges, underground miners are always on the lookout for ways to improve loading and haulage performance to lower cost per ton. There are seven top areas to evaluate when looking to improve underground hard rock operations: Machine / system sizing and selection. Is the loader matched to the truck? Is the LHD the right size for the job? Material density for body and bucket selection. If material is heavy and hard to get through, a smaller… Read More Here

Mining in Zambia Mining Companies

Billionaire’s Seized Mines Pose Quandary for New Zambian Leader

May 27, 2022May 27, 2022 admin

Zambia’s new business-friendly president faces a dilemma: risk a political backlash by returning mining shafts seized from an Indian company his mines minister once labeled as the nation’s worst-ever investor, or prolong a three-year legal dispute over one of its most important assets. Hakainde Hichilema, who won power in August, has yet to say what he’ll do to revive Konkola Copper Mines Plc — key to realizing his ambition of more than doubling national output of the metal within five years and rebooting the debt-stricken economy. Predecessor Edgar Lungu stripped majority shareholder Vedanta Resources Ltd. of the… Read More Here