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Zambia to cap number of mining licences issued to single firms

March 29, 2022March 29, 2022 admin

Zambia, Africa’s second-largest copper producer, said it plans to limit the number of mining licences that a company can hold at a time to curb speculation and promote investment. The ministry of mines last month suspended the issuance of mining licenses and commissioned an audit in response to public complaints about a lack of transparency and abuse in Zambia’s licensing system, which is being digitalised. “Initial process audit findings have confirmed our fears that some companies own too many mining rights, using either a single or multiple companies with the same beneficial owners,” Mines Minister Paul… Read More Here

Iron Ore International

Iron ore price up to $150.75 per tonne

March 28, 2022March 28, 2022 admin

The price of iron ore jumped nearly 4% on Friday as Chinese factories grapple with supply shortages due to covid-related disruptions. Benchmark 62% Fe fines imported into North China changed hands for $150.75 a tonne during morning trading, according to Fastmarkets MB, up 3.5% from Thursday’s close. . The most traded iron ore futures on the Dalian Commodity Exchange, for delivery in May, rose 3.9% to 858 yuan ($134.82) a ton. They ended at 856 yuan a ton, sending weekly gains to 2.7%. Producers in the main steel city of Tangshan… Read More Here

Equipment & Technology Mining safety Mining technology

Epiroc creates a future of safe behaviour for all employees!

March 28, 2022March 28, 2022 admin

“When it comes to ‘safety always’ behaviour, Epiroc’s values are clear – we want to protect what we value most, our people,” says Johnny de Mesquita, Epiroc Regional SHEQ Manager for Southern Africa. “The health and safety of all our employees, our customers and our business partners remain paramount. Our strict compliance to SHEQ legislation, ISO Standards, Industry Code of Practices, and customer requirements bears testament to our relentless commitment to ensuring that we provide a healthy, safe and protected working environment for every employee, contractor or visitor to our… Read More Here

Cobalt Mining in DRC

DRC: NGO NRGI invites the Government to observe good governance to take advantage of the Cobalt market

March 28, 2022March 28, 2022 admin

The NGO Natural Resource Governance Institute (NRGI) recommends to the Government of the Democratic Republic of Congo (DRC), to put in place a policy of good governance in the mining sector in order to allow the population to benefit from the repercussions of the Cobalt market. This non-governmental organization issued this opinion during a press briefing organized on Saturday March 26, 2022, in Kinshasa. For this NGO, the DRC is in a unique position, but limited in time: “cobalt, of which it has the largest deposits in the world, is… Read More Here

Mining in DRC

DRC Mines Minister insists on harmonization of relations with tfTPs for deeper bilateral and multilateral relations.

March 25, 2022March 25, 2022 admin

Antoinette N’samba Kalambayi, National Minister of Mines opened the meeting with the Technical and Financial Partners (TFPs) working in the Mining sector within the framework of the Mines Thematic Subgroup. At the opening of this meeting on Thursday, February 24, 2022, the Minister of Mines Antoinette N’SAMBA KALAMBAYI insisted on the harmonization of relations with tfTPs for the intensification of bilateral and multilateral relations. She cited some challenges including the updating of geological and mining knowledge, the establishment of Artisanal Exploitation Zones, the fight against fraud with the industrial gold… Read More Here

Mining in DRC Gold

Mark Bristow: “Kibali’s investment in the DRC has reached 4 billion USD”

March 25, 2022March 25, 2022 admin

Since its installation in the Democratic Republic of Congo (DRC), more precisely in Haut-Uélé, Kibali has invested four (4) billion US dollars. At least that is what Mark Bristow, President and CEO of Barrick Gold announced during the 45th press conference held on Thursday March 24, 2022. In front of an audience made up not only of media professionals but also of elected officials from this corner of the country, business leaders, members of civil society and students, the CEO of Kibali engaged in a real exercise in accountability. A practice… Read More Here

Gold International

Gold mining firms should cooperate more with artisanal miners, WGC says

March 25, 2022March 25, 2022 admin

The World Gold Council (WGC) called for greater cooperation between large mining companies and artisanal miners and set out recommendations on Thursday to help bring small-scale miners into the market. Mainstream miners and refiners have typically avoided dealing with artisanal miners who use basic equipment, often work outside legal frameworks and can employ children and toxic materials such as mercury. But artisanal mining provides a livelihood to millions of people in Africa, South America and elsewhere, and pressure has grown from governments and non-governmental organisations for more to be done to bring them into… Read More Here

Equipment & Technology International Mining technology

Metso Outotec launches LowNOx burner for travelling grate pelletizing plants

March 25, 2022March 25, 2022 admin

Metso Outotec is launching the Ferroflame LowNOx (nitrogen oxides) burner for travelling grate pelletizing plants to enable pellet plant operators to achieve the stringent NOx emission targets with ease. The new burner is part of the company ‘s planet positive offering focused on environmentally efficient technologies. The Ferroflame LowNOx burner uses high-speed dilution, which is an effective way to improve the combustion process and reduce NOx emissions. It works seamlessly with natural gas, and tests demonstrate that can also be used with diesel and coke oven gas. “We are very excited about the Ferroflame LowNOx… Read More Here

Gold International

Gold price extends gains amid talks of further energy sanctions on Russia

March 25, 2022March 25, 2022 admin

Gold extended gains on Thursday as risk sentiment continues to pile up over the military crisis in Ukraine, with the US and its allies entering discussions on possible further energy sanctions against Russia. Spot gold rose 0.9% to $1,963.48 per ounce by 12:15 p.m. ET, near its highest in two weeks. US gold futures jumped 1.3% to $1,963.50 per ounce in New York. In response to Russia’s continued invasion of Ukraine, the US is currently working with NATO allies on more measures to prepare for the possibility of Russia deploying… Read More Here

Mining in DRC Gold

Kibali powers ahead while Barrick plans further investments in DRC

March 25, 2022March 25, 2022 admin

Africa’s largest gold mine, Kibali, has made a strong start to 2022 and is on track to equal its 2021 production this year. Last year it again replaced the reserves depleted by mining and its prolific KZ trend of orebodies continues to deliver opportunities for significant open pit and underground growth. Speaking to media, Barrick president and chief executive Mark Bristow said Kibali had notched up several other key deliverables during the current quarter. These include the signing of a cahier de charge with the surrounding communities to formalize their… Read More Here