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Copper price falls on demand concerns in China 1 Copper International 

Copper price falls on demand concerns in China

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Prices of industrial metals fell on Monday as diplomatic efforts to resolve the Russia-Ukraine conflict calmed supply-disruption fears, while demand concerns in top consumer China also weighed on the market. Copper for delivery in May fell on the Comex market in New York to $4.5405 per pound ($9,989 per tonne), down 1.8% compared to Friday’s closing. “Copper market sentiment is bearish as supplies are starting to ramp up. It shows some rational thinking,” said Dan Smith, managing director at Commodity Market Analytics. Ukraine will seek to discuss a ceasefire, immediate… Read More Here
Gold dealers swamped by demand as war creates inflation scare 2 Gold International 

Gold dealers swamped by demand as war creates inflation scare

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Gold is playing its age-old role as a safe haven in times of wars and crises, and people all over the world are piling in. Russia’s invasion of Ukraine has sent the price of everything from oil and gas to wheat and metals skyrocketing, sparking inflation fears and threatening global growth. That’s driving retail investors everywhere from Vienna and Singapore to New York to the safety of gold, which spiked to $2,070.44 an ounce, close to the record reached during the pandemic. The almost 10% surge in gold prices since… Read More Here
Ivanhoe invests initial R200m in Renergen to secure clean energy for Platreef 3 Energy 

Ivanhoe invests initial R200m in Renergen to secure clean energy for Platreef

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Canadian miner Ivanhoe Mines has invested R200.6-million ($13.3-million) in South African natural gas and helium producer Renergen by buying more than 5.6-million Renergen shares, at R35.625 a share. The placement is within the company’s existing pre-approved placement capacity, and means that Ivanhoe will now acquire an initial strategic shareholding in Renergen and, subject to its evaluation of the company and the scalability of operations, may thereafter become a strategic partner and major shareholder in Renergen. The conditional option provides for Ivanhoe to potentially invest up to $250-million in Renergen, with… Read More Here
Caterpillar suspends Russian manufacturing 4 Equipment & Technology International 

Caterpillar suspends Russian manufacturing

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Equipment company Caterpillar has suspended manufacturing at its Russian facilities in the wake of Russia’s invasion of Ukraine two weeks ago. “Operations in Russia have become recently challenging,” the company said in a March 9 statement. Caterpillar has experienced difficulties due to supply challenges and sanctions imposed by Western nations in protest of the invasion. Caterpillar’s manufacturing site was established in Tosno, near Saint Petersburg, in March 2020. The factory manufactures two models of off-the-road mining trucks, two models of excavators, and components for equipment and machines. Caterpillar also has… Read More Here
GOLD SURGES $75 & SILVER $1.70: Price Of Gold Hits New All-Time High! But Look At The Other Insane Market Action! 5 International 

GOLD SURGES $75 & SILVER $1.70: Price Of Gold Hits New All-Time High! But Look At The Other Insane Market Action!

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This is how absurd stocks’ valuations are today: US market cap to GDP needs to fall another 15% just to reach the peak of the Tech Bubble levels. US Market Cap To GDP Needs To Fall Another 15%Just To Reach Peak Of Tech Bubble Level! Just Getting StartedOtavio Costa:  The great unwind is just getting started. Out of tech and into natural resources. THE GREAT UNWIND:Out Of Tech Into Natural Resources Massive Gold & Silver Volume…Yes, AgainGraddhy out of Sweden:  Once again the volume for spot Gold is absolutely massive very early… Read More Here
DRC: AVZ Minerals raises USD 17.8 million for the expansion of its Manono Lithium and Tin project 6 Battery Metals Lithium Mining in DRC Tin 

DRC: AVZ Minerals raises USD 17.8 million for the expansion of its Manono Lithium and Tin project

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AVZ Minerals said it has secured funding of around US$17.8 million to accelerate work on its Manono Lithium and Tin project in the province of Haut-Katanga in the Democratic Republic of Congo (DRC). According to AVZ Minerals, these funds raised will finance the initial construction of the mine and the continuation of the exploration program at Manono. Of the total expenditures to be incurred during the current fiscal year, AVZ Manono expects an envelope of approximately 13.5 million USD for the upgrading of existing roads and bridges to help transport… Read More Here
Provisional liquidator of Zambia's KCM suspended – official 7 Mining in Zambia Copper Governance 

Provisional liquidator of Zambia’s KCM suspended – official

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The provisional liquidator of Zambia’s Konkola Copper Mines (KCM), Milingo Lungu, has been suspended, the country’s Official Receiver said in a statement on Thursday. Zambia’s previous government, which owns 20% of KCM through State mining investment firm ZCCM-IH, handed control of KCM to Lungu in 2019, triggering a protracted dispute with Vedanta Resources, which owns the remaining 80%. Official Receiver Natasha Kalimukwa suspended Lungu after receiving a complaint from ZCCM-IH “relating to contract mismanagement, financial mismanagement, and asset mismanagement”, she said in a statement. Lungu told Reuters the Official Receiver has no power… Read More Here
FOREMAN, BUILDING | MINING CAREERS AT FQM, SOLWEZI, ZAMBIA 8 Mining Careers Mining in Zambia 

FOREMAN, BUILDING | MINING CAREERS AT FQM, SOLWEZI, ZAMBIA

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Requisition Number: JR4766  Contract Type: On-going | Country: Zambia  Location: Solwezi   Category: Roads and Earthwork Apply now Job description: PURPOSE OF THE ROLE The Foreman- Building will be responsible for the monitoring and supervision of construction works as required by clients’ specifications to be carried out in a safe and approved construction standard. KEY RESPONSIBILITIES FOR THE ROLE The suitable candidate 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… Read More Here
OPERATOR, ANCILLARY( GRADER) | MINING CAREERS AT FQM, SOLWEZI, ZAMBIA 9 Mining Careers Mining in Zambia 

OPERATOR, ANCILLARY( GRADER) | MINING CAREERS AT FQM, SOLWEZI, ZAMBIA

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Requisition Number: JR4899 | Contract Type: Mining | Country: Zambia  Location: Solwezi   Category: Mining Apply now Job description: Purpose of the role: To safely operate equipment on which he/she is trained on and permitted. Key Responsibilities: The specific tasks to be performed by the position holder will include: Operate machine safely and competently Follow operating manuals and general pit and safety signage Report all defects on the machine and care for the machine Conduct all pre and post-shift inspections and maintenance on equipment and working environment Report all defects on a machine and care for the machine… Read More Here
METALLURGIST |  MINING CAREERS AT FQM, SOLWEZI, ZAMBIA 10 Mining Careers Mining in Zambia 

METALLURGIST |  MINING CAREERS AT FQM, SOLWEZI, ZAMBIA

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Requisition Number: JR4939 | Contract Type: On-going | Country: Zambia  Location: Solwezi   Category: Process Apply now Job description: Overall Job Purpose: Provide technical support to plant operations by collection of plant data and measurements, Implementing and applying thought solutions to achieve and exceed plant KPI’s of safety, milling rate, throughput, recovery, concentrate grade, efficiency and costs Specific Job Responsibilities: Provide technical support to plant operations by providing daily strategy to ensure optimal plant performance. Collect data through control systems historians and sampling to make ad-hoc decisions. Coordinate routine tasks of conducting checks on key operating parameters with… Read More Here

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