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Copper Mining in DRC New Mining Projects

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

March 22, 2022March 23, 2022 admin1 Comment

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

Copper International

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

March 22, 2022March 22, 2022 admin

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

Mining in DRC Energy Oil & Gas

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

March 22, 2022March 22, 2022 admin

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

Energy Mining in Zambia

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

March 22, 2022March 22, 2022 admin

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

Mining in Zambia Gemstones

Gemfields to swing to net profit for 2021

March 22, 2022March 22, 2022 admin

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

Diamond

Russia diamond supply squeeze may benefit Zimbabwe miner’s gems

March 22, 2022March 22, 2022 admin

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

Copper Mining in Zambia

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

March 22, 2022March 22, 2022 admin

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

Mining Careers Mining in Zambia

SCIENTIST, PUBLIC HEALTH | MINING CAREERS AT FQM, SOLWEZI, ZAMBIA

March 22, 2022March 22, 2022 admin

Requisition Number: JR5151 Contract Type: On-going | Country: Zambia Location: Solwezi Category: Community Affairs Apply now Job description: PURPOSE Oversee disease surveillance, malaria control, infrastructure for health and participate in health promotion at workplace and Community. KEY RESPONSIBILITIES Oversees timely the development and implementation of IBS and EBS capacity building interventions in order to impart appropriate IDSR skills and knowledge at workplace and Health facilities. Undertake regular disease surveillance in order to timely identify and accurately report disease outbreaks Monitors and evaluates regularly, activities in the implementation of Event based Surveillance in the Health facilities and communities in… Read More Here

Mining Careers Mining in Zambia

STOREMAN | MINING CAREERS AT FQM, SOLWEZI, ZAMBIA

March 22, 2022March 22, 2022 admin

Requisition Number: JR4410 Contract Type: Fixed Term | Country: Zambia Location: Solwezi Category: Procurement and Logistics Apply now Job description: PURPOSETo safely handle products being received or dispatched by stores. They are responsible for receiving, handling and packing goods maintenance and installation of carpenter works on the mine site according to prescribed standards. KEY RESPONSIBILITIESThis position will be required to adhere to all relevant requirements, policies, procedures and legal regulations pertaining to health, safety, environment and quality, as well as finance, human resources, and any other regulations as required by the company and relevant to the level of… Read More Here

Gold International

Gold price recovers from worse week since June with inflation risks creeping up

March 22, 2022March 22, 2022 admin

Gold rebounded from its biggest weekly drop since June as the war in Ukraine continued to push oil prices higher, adding more fuel to global inflation fears and boosting the demand for safe havens. Spot gold rose 0.8% to $1,935.30 per ounce by noon ET. US gold futures had a moderate gain of 0.3%, trading at $1,935.20 per ounce in New York. Meanwhile, both the S&P 500 and Nasdaq 100 fell after posting their best five-day streak since November 2020. West Texas Intermediate oil rose above $110 a barrel as investors… Read More Here