admin - Copperbelt Katanga Mining

Written by admin

DRC: Call to strengthen the fight against child labor in mines

March 3, 2022March 3, 2022 admin

US Department of Labor Undersecretary Thea Lee and her delegation are visiting Kinshasa . She met several government officials including the Ministers of Labour, Mines, Social Affairs, the Prime Minister and plans to meet President Tshisekedi to discuss, among other things, workers’ rights, responsible business practices and the Build Back Better World initiative. of President Biden. Facing the press, Thea Lee explains in depth the reasons for her presence in the DRC. “My presence in Kinshasa is an opportunity to deepen relations between the DRC and the United States. It is a… Read More Here

Mining in Zambia Uranium

More uranium is consumed than produced and higher prices are required to support new supply: GoviEx Uranium

March 3, 2022March 3, 2022 admin

GoviEx Uranium has explained that every year, more uranium is consumed than produced, and higher incentive prices are required to support new supply GoviEx Uranium is the developer of Mutanda Uranium mining project has indicated that it plans to start actual uranium mining in Zambia in the next five years. In a statement, the Canada listed company stated that “the mine-permitted Mutanga project in Zambia is forecast to start production in 2027 and could be the lowest capital intensive uranium project in Africa.” In its annual statement to shareholders, GoviEx… Read More Here

Equipment & Technology Mining in Zambia

Sercel deploys WiNG system at Zambian mine

March 2, 2022March 2, 2022 admin

France-based exploration technology company Sercel has said its wireless WiNG land acquisition nodal system has been deployed to a mining exploration programme at the First Quantum Minerals-owned Kansanshi copper mine in Zambia. The company said a 30-kilometre WiNG node array was deployed to acquire passive seismic data over nine months at the mine and the adjacent Solwezi basement dome. It claimed the WiNG wireless nodal acquisition system has a “lightweight form factor and compact design,” which makes it simple to deploy compared to conventional seismometers. By using an ultrasensitive advanced… Read More Here

Gold International

Gold price gains as investors weigh impact of Russia sanctions

March 2, 2022March 2, 2022 admin

Gold extended gains on Tuesday as investors continue to assess the risks to global growth that may stem from the sanctions against Russia in the wake of its invasion of Ukraine. Spot gold rose 1.0% to $1,927.76 per ounce by 11:30 a.m. ET, recovering from last week’s slight dip and reaching a new 15-Month high. US gold futures were up 1.5% to $1,930.40 per ounce in New York. Treasuries also climbed, and traders are abandoning bets on a half-point rate hike by the Federal Reserve this month amid concerns that an escalation of war… Read More Here

Mining Companies International

Glencore reviewing stakes in two Russian companies

March 2, 2022March 2, 2022 admin

Glencore Plc, the world’s biggest commodity trader, followed some of the world’s largest companies in reviewing its business ties with Russia as the fallout from the invasion of Ukraine intensifies across global commodities markets. While Glencore stopped short of exiting its investments, the company said it was reviewing its shareholdings in two of Russia’s biggest companies as well as its wider trading operations in the country. It’s a dramatic turn for a company that has long been comfortable operating in the most difficult jurisdictions and whose former chief executive officer… Read More Here

Copper International

Copper price rises on Chile’s lean output

March 2, 2022March 2, 2022 admin

The copper price rose on Tuesday after Chile, the biggest copper-producing country, recorded its lowest January output since 2011. Production tumbled 15% last month from December and 7.5% from January 2021, the bureau of statistics reported Monday, without giving a clear reason for the drop. Copper for delivery in May rose on the Comex market in New York, touching $4.5850 per pound ($10,087 per tonne), up 2.9% compared to Monday’s closing. The conflict in Ukraine could also drive copper prices higher, according to an S&P Global report. Russia is a heavy… Read More Here

Mining in DRC Governance

CNPAV welcomes govt’s initiative and demands publication of elements contained in Dan Gertler agreement for more transparency

March 2, 2022March 2, 2022 admin

Civil society, through the Congo is not for sale (CNPAV) campaign, welcomes the start of the process of recovering the assets held “illegally and irregularly” by Dan Gertler, through a memorandum of understanding signed between the Congolese State and the Israeli businessman. On this, the CNPAV requires the publication of the elements contained in this agreement for more transparency. During a press briefing held this Tuesday, March 1 in Kinshasa, the CNPAV provided an update on the memorandum of understanding signed between the DRC and the Israeli businessman, Dan Gertler. “We… Read More Here

Mining in DRC

DRC: a delegation from Biden administration at Sama Lukonde to talk about the fight against child labor in the mining sector

March 2, 2022March 2, 2022 admin

The Prime Minister, Jean-Michel Sama Lukonde Kyenge, received, this Tuesday, March 1, 2022 at the Primature, a delegation from the International Office of Labor Affairs of the United States of America, led by Ambassador Mike Hammer. Important issues related to labor law and more particularly to the fight against child labor in mines were discussed, told the press Ms. Thea Mei Lee, Deputy Under Secretary of the International Bureau of Labor Affairs. of the United States of America. “I am very happy to be here in the Democratic Republic of… Read More Here

Events & Expos Mining in Zambia

Hichilema, Masisi to attend Mining Indaba 2022

March 2, 2022March 2, 2022 admin

Zambia President Hakainde Hichilema and Botswana President Dr Mokgweetsi Eric Keabetswe Masisi have confirmed their attendance at the Investing in African Mining Indaba, which will be held in Cape Town from May 9 to 12. Hichilema has pledged to foster a better democracy through respect for the rule of law, restoring order and protecting human rights. He also hopes to restore confidence in the country as a mining investment destination. Zambia’s mining investment climate deteriorated in recent years as the previous administration pursued resource nationalism, leading to damaged relationships with investors and lower levels of investment. According to the Zambia Extractive Industries Transparency… Read More Here

Equipment & Technology

Mobility to be first use of green hydrogen in African mines

March 1, 2022March 1, 2022 admin

Mobility and heavy-duty vehicles are the first to use green hydrogen on mines and this is expected to be the area of first broad-scale application, including for rail, aviation and shipping fuels, a panel of specialists said during the ‘Why green hydrogen for African mines’ session of the Energy and Mining Summit on February 23. Department of Science and Innovation (DSI) Hydrogen South Africa Infrastructure national centre of competence director Professor Dmitri Bessarabov noted that about half of global greenhouse-gas emissions were produced owing to the activities of about 50 large companies, which include mining and heavy-duty companies, and were mainly the result of heavy-duty transport, energy-intensive processes or energy companies. “It makes… Read More Here