admin - Copperbelt Katanga Mining

Written by admin

Copper price crashes through $10,000 as hedge funds turn most bearish in two years

April 26, 2022April 26, 2022 admin

The copper price fell on Monday to the lowest in three months with mounting concern about the outlook for demand due both to spreading lockdowns in China and the continuing war in Ukraine. Protests at two big copper mines in Peru knocked out a fifth of the country’s production capacity last week before the government imposed a state of emergency to regain control of the Cuajone mine. However, the market focus is rapidly turning to the demand side of the copper equation, particularly in China, where lockdowns are already braking growth sharply in the world’s… Read More Here

Gold International

Gold price slips below $1,900 as rate hike fears get better of safe haven metal

April 26, 2022April 26, 2022 admin

Gold prices slipped further on Monday as prospects of aggressive policy tightening by the US Federal Reserve and a stronger dollar dimmed the precious metal’s safe haven appeal. Spot gold dropped 1.7% to $1,896.42 an ounce by 12:25 p.m. ET, the first time it fell below $1,900 in four weeks. US gold futures slumped by 2.0% to trade at $1,896.00 an ounce. “It seems that the fears about rate hikes have gotten the upper hand as of late,” Julius Baer analyst Carsten Menke told Reuters. With expectations for a half-percentage point interest… Read More Here

Gold

Kinross sells Chirano gold mine in Ghana to Asante in $225m deal

April 26, 2022April 26, 2022 admin1 Comment

Kinross Gold (TSX: G) (NYSE: KGC) is selling its 90% interest in the Chirano mine in Ghana to fellow Canadian Asante Gold (CSE: ASE) in a cash and shares deal worth $225 million. The open-pit and underground mining operation in southwestern Ghana produced 154,668 gold-equivalent ounces in 2021, compared to 166,590 in 2020 and is located immediately south of Asante Gold’s Bibiani gold mine. The government of Ghana holds a 10% interest. The Toronto-based company will receive $115 million in cash and Asante common shares with a value of $50 million based on… Read More Here

Copper Mining Companies Mining in Zambia

Zambia “very close” to picking investor for Mopani copper mine

April 26, 2022April 26, 2022 admin1 Comment

Zambia’s government is close to finding a private investor for Mopani Copper Mines, President Hakainde Hichilema said on Monday, in order to ramp up production at the mine, one of the biggest in the country. Zambia took on $1.5 billion in debt to buy Mopani from Glencore in January 2021 and has been looking ever since for a new investor for the mine, which needs significant investment to increase output. “We believe that with Mopani Copper Mines we are very close but I don’t want to be overambitious,” Hichilema told… Read More Here

Mining technology Equipment & Technology International

Anglo’s newly named nuGen™ hydrogen powered mining truck set for May 6 launch

April 25, 2022April 25, 2022 admin

The launch of Anglo American’s hydrogen-powered ultraclass mine haul truck – newly named nuGen™ – has been set for May 6, 2022 at Anglo Platinum’s Mogalakwena open pit platinum operation in Limpopo Province, South Africa. The final achievement of first public movement of the truck, a converted 291 t class Komatsu Mining 930E, will be a huge moment for Anglo’s lowcarbon transition and Scope 1 and 2 emissions reduction plans as it works towards its stated interim target of 30% reduction in GHG emissions by 2030, including eight sites carbon neutral by that date. The truck is strictly speaking not purely powered by hydrogen – it is an FCEV truck… Read More Here

Equipment & Technology International Mining technology

Etteplan on board Epiroc’s Minetruck MT42 battery-trolley project

April 25, 2022April 25, 2022 admin

Finland-based engineering firm, Etteplan says it is collaborating with Epiroc to enable fossil free underground heavy transportation without interruptions and, more specifically, helping redesign its Minetruck MT42 Battery into an electric trolley system. As part of a strategic partnership project that started in 2021, Etteplan’s offices in Finland and Sweden are providing what it says are crucial resources and expertise in the development, helping secure a timely progress of the project. It is providing technical expertise for battery technology, machine electrification, electrical design, system requirements and safety risk assessment. Last… Read More Here

Mining in DRC

CNPAV regrets inclusion of clause obliging the Congolese state to plead for the lifting of US sanctions against Dan Gertler and his affiliates.

April 25, 2022April 25, 2022 admin

The coalition Le Congo Is Not For Sale (CNPAV) reveals that the Democratic Republic of Congo has pledged to assist Israeli businessman Dan Gertler in lifting US sanctions against him and his affiliates, through the Memorandum of Understanding signed with the Ventora Group. This coalition of NGOs made this revelation in its statement of April 21, 2022. This, after having participated in the round table of restitution on the agreement for the amicable settlement of all disputes between the DRC and the Ventora group of l economic operator Dan Gertler, organized… Read More Here

Copper Cobalt Mining Companies Mining in DRC

The DRC President wants to renegotiate the mining contract of Mutanda Mining, a subsidiary of Glencore

April 25, 2022April 25, 2022 admin1 Comment

The Democratic Republic of Congo has added Glencore’s subsidiary, namely Mutanda Mining (MUMI), to the ongoing process of renegotiating mining contracts. The decision to investigate Mutanda comes as President Félix Tshisekedi makes no secret of his intention to review extractive deals made under his predecessor, Joseph Kabila. Already, the Presidency of the Republic is reviewing the copper and cobalt projects of Tenke Fungurume, a company controlled by China Molybdenum Co. and China Railway Group. It is in the same context that the recent agreement concluded between the DRC and the Israeli billionaire… Read More Here

Mining Careers Mining in Zambia

ARTISAN, FITTER | MINING CAREERS AT FQM, SOLWEZI, ZAMBIA

April 22, 2022April 22, 2022 admin

Requisition Number: JR5292 | Contract Type: Fixed Term | Country: Zambia Location: Solwezi Category: Engineering Apply now Job description: JOB DESCRIPTION Job title: Artisan Fitter, Primary Smelting Site: Kansanshi Mining Plc Department: Smelter Engineering Section: Mechanical, Primary Smelter Position reports to: Senior Supervisor – Mechanical Grade: Direct reports: N/A Purpose To carry out Preventive and Corrective Maintenance activities on all Hot Metals (ISA, MSEF, WHB, ESP) Smelting equipment under the general guidance of the section’s supervisor(s). Key Responsibilities This position will be required to adhere to all relevant requirements, policies, procedures and legal regulations pertaining to health, safety, environment and quality,… Read More Here

Mining Careers Mining in Zambia

SHIFT BOSS, PRODUCTION- BLASTING | MINING CAREERS AT FQM, SOLWEZI, ZAMBIA

April 22, 2022April 22, 2022 admin

Requisition Number: JR 5261| Contract Type: on-going | Country: Zambia Location: Solwezi Category: Mining Apply now Job description: PURPOSE The Shift Boss is responsible for the safe, efficient and productive supervising of blast holes within the surface mining operation. The incumbent will also be responsible for assisting the Mine Captain in providing Technical Support to the Drilling Operations Team(s) and oversight to all blasting activities in line with the Mining Explosives Act and MR 213. KEY RESPONSIBILITIES Supervise, co-ordinate and schedule the activities of blast workers including requisition materials, supplies, equipment parts, or repair services Train workers in… Read More Here