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Reforming Zambia’s mines needs regional partners, improved domestic operating environment 1 Mining in Zambia 

Reforming Zambia’s mines needs regional partners, improved domestic operating environment

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President Hichilema’s call to action for the Zambian and regional mining sector must be followed up with a concerted effort to improve the domestic operating environment and bring along regional partners if it is to succeed. Zambia’s President Hakainde Hichilema – affectionately known as HH – used his speech at the annual African Mining Indaba held in Cape Town in May to sell to the international investment community his vision for the nation’s vital mining sector. The country is well-positioned to capitalise on the global drive for the minerals critical… Read More Here
COGEP recommends Felix Tshisekedi to order IGF to audit SOKIMO and its unproductive partnerships 2 Mining in DRC Mining Companies 

COGEP recommends Felix Tshisekedi to order IGF to audit SOKIMO and its unproductive partnerships

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The Coalition for the Governance of Public Enterprises (COGEP) has documented the two partnerships of SOKIMO, namely KIBALI GOLDMINES and PIANETA and has just published its report during this week. According to this organization, SOKIMO has concluded several joint venture contracts with private companies under Congolese law and foreign law. Most of these contracts have been the subject of much controversy as to their real impact on the profitability of SOKIMO and the gain of the Congolese State as sole shareholder. As part of this study, the reflection focused on the… Read More Here
Mining titles sold to Metalkol by Gécamines for 60 million USD caused 2.6 billion USD in losses to the Public Treasury 3 Mining in DRC Mining Companies 

Mining titles sold to Metalkol by Gécamines for 60 million USD caused 2.6 billion USD in losses to the Public Treasury

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The Public Treasury of the Democratic Republic of Congo (DRC) recorded losses estimated at 2.630 billion US dollars following transactions around mining titles that the Société Générale des Carrières et des Mines (Gécamines) sold to Metalkol for a amount of 60 million US dollars (USD). In its report entitled “ Gécamines, what does over-the-counter hide? “, the Coalition for the Governance of Public Enterprises (COGEP) notes several irregularities, practices of financial embezzlement, corruption and mismanagement that have characterized the partnership relations between Gécamines and its two private partners within two joint ventures.… Read More Here
Anglo American starts autonomous haulage at Los Bronces copper mine in Chile 4 Cobalt Equipment & Technology Mining technology 

Anglo American starts autonomous haulage at Los Bronces copper mine in Chile

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As part of the continuous innovation that Anglo American seeks to achieve its purpose of re-imagining mining to improve people’s lives, the first two autonomous trucks at the Los Bronces copper mine in Chile were launched today – which are converted 290 t Komatsu 930E-4 trucks. This project is part of the site’s modernisation program, which includes the start-up of five Epiroc PV351 autonomous drilling rigs and the inauguration of its Integrated Remote Operation Centre (IROC), which both happened in 2021. The event was held simultaneously at two locations: at… Read More Here
Orica’s 4D bulk explosives tech gains traction in Australia 5 Equipment & Technology Mining technology 

Orica’s 4D bulk explosives tech gains traction in Australia

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Having launched its 4D™ bulk explosives technology at MINExpo 2021 in Las Vegas, in September, Orica is now demonstrating the innovation to coal customers on Australia’s East Coast. The 4D bulk system enables the real-time tailoring of explosives energy to geology across a blast, delivering improvements in fragmentation, on-bench productivity and an overall reduction in drill and blast costs, according to Orica. It is designed to enable customers to, the company says, seamlessly match a greater range of explosives energy across a mine’s geology and target specific blast outcomes in real time.… Read More Here
Copper price rebounds as China eases covid restrictions  6 Copper International 

Copper price rebounds as China eases covid restrictions 

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Copper prices rose on Thursday, buoyed by easing covid-19 restrictions in China. Shanghai will start allowing more businesses in zero-covid areas to resume normal operations from the start of June, deputy mayor Zhang Wei said as the city prepares for the end of lockdown. “Sentiment had been buoyed by hopes that China is making progress towards an exit from strict lockdowns,” commodity strategists at ANZ said in a note. Copper for delivery in July rose 2.62% from Wednesday’s settlement price, touching $4.28 per pound ($9,433 per tonne) midday Thursday on… Read More Here
Zambia and Namibian Govt to sign MOU for gas, oil pipeline construction 7 Mining in Zambia Oil & Gas 

Zambia and Namibian Govt to sign MOU for gas, oil pipeline construction

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The Zambian and Namibian governments are next month expected to sign a Memorandum of Understanding for the construction of a Gas and Oil pipeline from Windhoek into Lusaka. Energy Minister Peter Kapala disclosed this when he paid a courtesy call on Siavonga District Commissioner Geoffrey Jakopo at his office. Mr.Kapala said the oil pipeline will help reduce the cost of petroleum products in the country. He disclosed that the project, which is expected to take three to four years to be complete, will have its main gas and oil power… Read More Here
Metso Outotec launches gas capture system 8 Equipment & Technology Mining technology 

Metso Outotec launches gas capture system

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Finnish mining equipment developer Metso Outotec has launched a modular Converter Hood System for horizontal converter vessels used in the smelting process. The new system, which is suitable for greenfield and brownfield installations, has an SO2 (sulfur dioxide) gas capture capability of 99%, minimising the environmental impact. The modular design enables quick on-site assembly, so the system is ready to use with minimum plant downtime. “We are excited to launch the new Converter Hood System. Besides its excellent gas capture capability, the system design ensures a well-controlled ingress air flow… Read More Here
Global autonomous mining truck population tops thousand mark, to reach 1,800 by 2025 — report 9 Equipment & Technology Mining technology 

Global autonomous mining truck population tops thousand mark, to reach 1,800 by 2025 — report

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The number of autonomous haul trucks in operation globally reached 1,068 by May 2022, representing an annual increase of 39%, according to figures tallied by GlobalData. The UK-based data analytics firm also expects this total to exceed 1,800 (a 70% increase on current levels) by the end of 2025. The major additions this month came from BHP, which has plans to automate up to 500 haul trucks across its Western Australia iron ore and Queensland coal mines through to 2023. Both Canadian Natural Resources and Suncor Energy also plan to add… Read More Here
Julien Paluku describes project to install a pilot plant in the DRC for precursors of electric batteries in Switzerland 10 Battery Metals Mining in DRC 

Julien Paluku describes project to install a pilot plant in the DRC for precursors of electric batteries in Switzerland

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The Democratic Republic of Congo was represented by the Minister of Industry Julien Paluku, at the conference on cobalt organized on Tuesday by the firm Cobalt Institute in Zurich, Switzerland. In his speech to Swiss investors, the Congolese minister presented the ongoing project to install a pilot plant for electric battery precursors in Lubumbashi, in the province of Haut-Katanga. This is within the framework of the development of a regional value chain for electric vehicles and batteries as well as clean energies. Julien Paluku, referring to a study conducted by Bloomberg,… Read More Here

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