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Natasha Kalimukwa takes over as KCM provisional liquidator 1 Copper Mining in Zambia 

Natasha Kalimukwa takes over as KCM provisional liquidator

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Official Receiver Natasha Kalimukwa has taken over the running of the affairs of Konkola Copper Mines following the resignation of Milingo Lungu as provisional Liquidator for KCM. Ms. Kalimukwa has announced the development in a statement issued on Tuesday. She has advised stakeholders to deal with the official receiver in all matters pertaining to Konkola Copper Mines. Mr. Lungu resigned recently from his position as Konkola Copper Mines Plc Provisional Liquidator with immediate effect and did not give any reasons for his resignation. The provisional liquidator of Zambia’s Konkola Copper… Read More Here
Gemfields emphasizes importance of stepping up efforts to combat illegal trade 2 Mining in Zambia Emeralds Gemstones 

Gemfields emphasizes importance of stepping up efforts to combat illegal trade

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An analysis of existing data on the supply of rubies and emeralds, according to gemstone miner Gemfields, reveals the “alarming” extent to which host-mine countries are being robbed of the true value of their coloured gemstone resources. Artisanal mining, both formal and informal, extracts the vast majority of coloured gemstones, according to Gemfields, for which there are few reporting standards. Furthermore, coloured gemstones are frequently sourced from countries with lax reporting regulations. As a result, it emphasizes the importance of stepping up efforts to combat illegal trade. These, and other… Read More Here
Alphamin to publish updated MRE for Mpama South soon 3 Mining in DRC Drilling 

Alphamin to publish updated MRE for Mpama South soon

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JSE-listed Alphamin Resources Corporation has announced positive drill results from the Mpama South prospect and the Mpama North mine, at its Bisie tin complex, in the Democratic Republic of Congo. Mpama South is a high-grade tin resource adjoining the southern end of Alphamin’s operating Mpama North mine. The company has been drilling at this prospect to expand its mineral resource estimate (MRE), an update for which should be published as soon as end-March or early April. Notable high-grade assay results returned on the Mpama South prospect include 22.7 m, grading 3.12% tin from 391… Read More Here
Kamoa-Kakula’s Phase 2 concentrator plant begins hot commissioning ahead of schedule 4 Copper Mining in DRC New Mining Projects 

Kamoa-Kakula’s Phase 2 concentrator plant begins hot commissioning ahead of schedule

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Kamoa-Kakula’s Phase 2 concentrator plant begins hot commissioning ahead of schedule Production of copper concentrate from Phase 2 plant now underway Early commissioning positions Kamoa-Kakula to achieve upper end of 2022 copper production guidance of between 290,000 and 340,000 tonnes De-bottlenecking program underway to boost copper production to more than 450,000 tonnes annually by Q2 2023 LAUSANNE, SWITZERLAND – Ivanhoe Mines (TSX: IVN; OTCQX: IVPAF) Co-Chair Robert Friedland is pleased to announce today at the Financial Times Global Commodities Summit, to an audience of international mining and market leaders, the start… Read More Here
The price of a tonne of copper records a drop of 511.2 USD this week 5 Copper International 

The price of a tonne of copper records a drop of 511.2 USD this week

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Copper, one of the main mining products exported from the Democratic Republic of Congo, is expected to experience a significant drop in price on the international market during the week from March 21 to 26, 2022. According to the analyzes of experts from the National Commission of Mercurial Prices of the Ministry of Foreign Trade, this product should sell at 10,017.80 USD per ton this week against 10,529.00 per ton last week. Thus, copper should record a negative price difference of around 511.2 USD on the international market during the… Read More Here
Expo Dubai 2020: Didier Budimbu touts DRC oil reserves estimated at 22 billion barrels 6 Mining in DRC Energy Oil & Gas 

Expo Dubai 2020: Didier Budimbu touts DRC oil reserves estimated at 22 billion barrels

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The Minister of Hydrocarbons of the Democratic Republic of Congo, Didier Budimbu, presented investment opportunities in the Hydrocarbons sector, highlighting the country’s oil reserves estimated at 22 billion barrels. Present at the Business Forum with the employers of the United Arab Emirates at the Dubai Chamber of Commerce, the Minister of Hydrocarbons, Didier Budimbu, praised, on Monday March 21, 2022, the projects and opportunities to invest in the DRC in this promising sector. He informed investors in the United Arab Emirates that the DRC is full of enormous potential in… Read More Here
ZDA follows up on Central African Renewable Energy Corp on Fuel Project 7 Energy Mining in Zambia 

ZDA follows up on Central African Renewable Energy Corp on Fuel Project

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Recently the Zambia Development Agency took time to tour the Central African Energy Corporation (CARE) demonstration site in Shantumbu area on a fact finding mission. The tour was meant to help the Agency understand and get firsthand information on the fuel project. So far the company has invested over US$250 000 in research and the construction of the demonstration plant which is currently able to produce 600 liters of fuel per day. The company is not only producing the much needed FUEL which is very key in propelling economic development… Read More Here
Gemfields to swing to net profit for 2021 8 Mining in Zambia Gemstones 

Gemfields to swing to net profit for 2021

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London-listed Gemfields expects to swing to a net profit of $65-million for the year ended December 31, 2021, compared with a net loss of $93-million in the prior year. With the company’s two key operating assets, the Montepuez ruby mine and the Kagem emerald mine, in Mozambique and Zambia, respectively, having delivered record-breaking auction results during 2021, Gemfields expects to post earnings a share of $0.04 for the year. This compares with a loss a share of $0.07 for 2020. Gemfields’ auction schedule in 2020 was severely hampered by the… Read More Here
Russia diamond supply squeeze may benefit Zimbabwe miner’s gems 9 Diamond 

Russia diamond supply squeeze may benefit Zimbabwe miner’s gems

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Zimbabwe’s biggest rough diamonds miner sees Russia’s invasion of Ukraine triggering “far-reaching consequences” for the global gem industry and possibly lifting demand for its own diamonds. Russia’s Alrosa is the world’s biggest diamond producer by volume at 30% and the slightest disruption to its ability to supply distorts the market, according to Zimbabwe Consolidated Diamond Co CEO Mark Mabhudhu. “It may end up creating the supply gap that may drive demand for our product, as well as that of other players,” he said in an interview Monday. “However, we don’t wish… Read More Here
Zambia's 2021 copper production falls by 4.5% – statistics agency 10 Copper Mining in Zambia 

Zambia’s 2021 copper production falls by 4.5% – statistics agency

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Copper production in Zambia dropped to 800 696 t last year from 837 996 t the year before, data obtained from the nation’s statistics agency showed on Tuesday. Zambia’s cobalt production also dropped to 247 t last year from 316 t a year earlier, according to the Zambia Statistics Agency. The Zambia Chamber of Mines said the reduced output was mainly due to operational challenges arising from a lack of recapitalisation due to an unattractive mining tax regime. “It is only now that we are seeing mining companies recapitalising after… Read More Here

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