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Uranium Investors Await Price Rally to Revive Namibia Projects 1 Uranium 

Uranium Investors Await Price Rally to Revive Namibia Projects

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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
FIREMAN | MINING CAREERS AT FQM, SOLWEZI, ZAMBIA 2 Mining Careers Mining in Zambia 

FIREMAN | MINING CAREERS AT FQM, SOLWEZI, ZAMBIA

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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
TAXATION ACCOUNTANT- INDIRECT TAXES | MINING CAREERS AT FQM, SOLWEZI, ZAMBIA 3 Mining Careers Mining in Zambia 

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

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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
Gemfields achieves highest ever revenue with May emerald auctions, netting $43.3m 4 Gemstones Mining in Zambia 

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

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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
Glencore’s oil-price rigging puts spotlight back on benchmarks 5 Oil & Gas International 

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

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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
Improving Efficiency Underground: Seven Top Areas to Evaluate 6 Mining technology 

Improving Efficiency Underground: Seven Top Areas to Evaluate

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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
Billionaire’s Seized Mines Pose Quandary for New Zambian Leader 7 Mining in Zambia Mining Companies 

Billionaire’s Seized Mines Pose Quandary for New Zambian Leader

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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
Glencore says its bribery days are over. Now it has to prove it 8 International Mining Companies 

Glencore says its bribery days are over. Now it has to prove it

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Glencore has closed the “cash desks” in London and Switzerland that once dispensed money for bribes. Employees implicated in sweeping, cross-border corruption investigations are gone. New safeguards are in place, and boss Gary Nagle says it’s a “different company.” Now he will have to prove it. Glencore this week agreed to plead guilty to a web of bribery and price manipulation charges that stretch from Venezuela to Nigeria and Los Angeles in deals with the US, UK and Brazil. The penalties will total about $1.5-billion but there’s a longer-lasting requirement — the deal with… Read More Here
Copper extends losses on fears of a global recession 9 Copper International 

Copper extends losses on fears of a global recession

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Copper prices fell for a third day in a row on Thursday and tin slumped to a one-week low as a gloomy economic outlook for top metals consumer China fanned concerns about a global recession, though a soft US dollar lent some support. Three-month copper on the London Metal Exchange was down 0.3% at $9 343/t as of 07:24 GMT. The most-traded July contract on the Shanghai Futures Exchange ended daytime trading 0.5% lower at 71 080 yuan ($10 562) a tonne. Copper is often used as a gauge of global economic health. Prices… Read More Here
DRILLING, OPERATOR | MINING CAREERS AT Sino-Congolaise d’Exploitation SA (SICODEX, SA), DRC  10 Mining in DRC Mining Careers 

DRILLING, OPERATOR | MINING CAREERS AT Sino-Congolaise d’Exploitation SA (SICODEX, SA), DRC 

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Job PurposeWe currently have full-time position based Kolwezi DR Congo. Company profile: SICODEX, cooperating with AFRIDEX, has been engaged in the production and sale of explosives in the DRC since 2016. It is committed to providing integrated Drilling and Blasting services for mining companies. SICODEX has exclusive licenses to produce, sell, import and export all explosives, accessories and other related products.Technical Competencies:• Experience in operation of atlas/epiroc rig D45/D50/D55/D60, or the relevant rig type.• Experience with the maintenance and repair of rigs.• Small vehicle Driver’s Licence• Ability to establish and… Read More Here

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