You are here

Written by 

Gold soars over 2%, palladium advances as Russia attacks Ukraine 1 Gold International 

Gold soars over 2%, palladium advances as Russia attacks Ukraine

admin
Gold prices jumped more than 2% on Thursday to their highest in over a year and palladium extended a rally as Russian forces invaded Ukraine after President Vladimir Putin authorised what he called a special military operation. Spot gold climbed 1.9% to $1 943.28 per ounce by 0720 GMT, after hitting its best level since January 2021 at $1 948.77. U.S. gold futures GCv1 jumped 1.9% to $1 945.90. Russian forces fired missiles at several cities in Ukraine and landed troops on its coast on Thursday, according to officials and… Read More Here
Gold steady as investors assess Russian sanctions and inflation 2 Gold International 

Gold steady as investors assess Russian sanctions and inflation

admin
Gold held steady as investors weighed the severity of Western sanctions on Russia against prospects for tighter US monetary policy. Bullion is having a strong start to 2022 on the back of rising geopolitical tensions in Europe, which have pushed prices to the highest in more than eight months despite expectations that the Federal Reserve will raise interest rates in March to curb inflation. The tensions in Europe are raising concerns over potential disruption of supplies of raw materials, bolstering prices for everything from energy to wheat and nickel. “The likelihood… Read More Here
GEOLOGISTS | MINING CAREERS AT FQM, SOLWEZI, ZAMBIA 3 Mining in Zambia Mining Careers 

GEOLOGISTS | MINING CAREERS AT FQM, SOLWEZI, ZAMBIA

admin
Requisition Number: JR4766  Contract Type: Fixed Term | Country: Zambia  Location: Solwezi   Category: Mine Geology Apply now Job description: PURPOSE To gather and interpret geological data about the Kansanshi copper deposit for the purpose of increasing understanding through RC drilling operations. KEY RESPONSIBILITIES The holder of this 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 the role and responsibilities of the function.… Read More Here
OPERATOR,WEIGHBRIDGE | MINING CAREERS AT FQM, SOLWEZI, ZAMBIA 4 Mining Careers Mining in Zambia 

OPERATOR,WEIGHBRIDGE | MINING CAREERS AT FQM, SOLWEZI, ZAMBIA

admin
Requisition Number: JR4781|  Contract Type: On-going | Country: Zambia  Location: Solwezi   Category: Mining Apply now Job description: PURPOSE To weigh and scan haul trucks using the weighbridge and load volume scanner KEY RESPONSIBILITIES Ensure that the weighing and scanning are conducted in a safe and productive manner Spot trucks safely onto the weighbridge and guide them through the load volume scanner Ensure that correct information is being captured from the weighbridge and scanner To download all information captured for analysis Conduct Pre Start check on the weighbridge and scanner before use. Make sure that the light… Read More Here
SENIOR TAX ACCOUNTANT | MINING CAREERS AT BARRICK LUMWANA, ZAMBIA 5 Mining in Zambia Mining Careers 

SENIOR TAX ACCOUNTANT | MINING CAREERS AT BARRICK LUMWANA, ZAMBIA

admin
Category: Accounting/Finanace | Requisition number: 095252| Location: Lumwana Mine, Kalumbila Zambia. | Report:  Tax Manager Apply now Lumwana Mining Company Limited (LMC), a copper mining company owned by Barrick Gold Corporation is situated in the Northwestern region of Zambia, some 300 km west of the Zambian Copperbelt and 95 km southwest of the provincial capital of Solwezi. The mine is a multi-pit, multi staged operation mining approximately 100MT of ore and waste per annum and producing copper concentrates containing an average of 120,000 tonnes of copper metal per year over a twenty (20) year mine life,… Read More Here
Galileo upbeat on modelling progress at Zambia's Luansobe 6 Copper Mining in Zambia 

Galileo upbeat on modelling progress at Zambia’s Luansobe

admin
Galileo Resources reported progress in the modelling of historic drill data at Luansobe on Tuesday, as well as completion of the second payment to the vendors to secure an initial 75% interest in the Luansobe Copper Project in Zambia. The AIM-traded firm said “considerable progress” had been made by consultants Addison Mining Services in compiling drill data for 154 holes, drilled between 1921 and 2007, and initial modelling of the deposit. It said two concurrent development options were being considered, with the first being the potential for a small open pit… Read More Here
Zimbabwe’s state-owned miner selected to revive steel firm 7 International Iron 

Zimbabwe’s state-owned miner selected to revive steel firm

admin
Zimbabwe has selected Kuvimba Mining House Ltd., a state-owned company, which has been shrouded in controversy, to revive one of the continent’s largest steel mills. The miner, which already has vast interests in gold and nickel, has been picked as the “investment partner” to breath new life into the Zimbabwe Iron and Steel Company, which has been shut for 14 years. At its peak, the plant produced nearly 1 million tons of steel a year. Kuvimba Mining has said it bought its assets from a company linked to Kudakwashe Tagwirei, a… Read More Here
Surging diamond demand helps Botswana trader post record sales 8 Diamond 

Surging diamond demand helps Botswana trader post record sales

admin
Botswana’s State-run diamond trader reported record revenue last year with sales surging almost five fold after imports from the US recovered from a Covid-19 induced slowdown. Okavango Diamond Company sold $963-million of rough diamonds last year, said Dennis Tlaang, a company spokesman. The revenue was the most since the company began operations in 2012, he said. “The demand for natural rough diamonds remained strong throughout 2021 driven primarily by positive market sentiment in key markets such as the United States,” Tlaang said. Sales may rise further this year after De Beers,… Read More Here
Electric vehicle battery demand surge supercharges nickel 9 Battery Metals International Nickel 

Electric vehicle battery demand surge supercharges nickel

admin
Nickel rose to its highest level in more than a decade on Monday morning. London Metal Exchange (LME) three-month nickel has broken through January’s high of $24,435 per tonne to reach $24,610, a level last traded in 2011. Time-spreads remain in the grip of a ferocious squeeze, the cash premium closing last week valued at $465 per tonne. The huge incentive for LME delivery has drawn some metal into exchange warehouses but not enough to halt the running downtrend. The possibility of sanctions on Russia, which accounts for about 7% of… Read More Here
Gold price holds near 8-month high as investors monitor Ukraine crisis 10 Gold International 

Gold price holds near 8-month high as investors monitor Ukraine crisis

admin
Gold prices eased in volatile trade on Monday, as doubts over a potential summit between Russia President Vladimir Putin and his US counterpart Joe Biden to help resolve the crisis in Ukraine kept the safe haven metal near an 8-month high. Spot gold held steady at $1,896.86 per ounce by 12:40 p.m. ET, while US gold futures traded at about $1,898.50 per ounce in New York. Earlier, bullion fell as much as 0.6% after statements from Washington and the Elysee that both the US and Russia had agreed to the summit… Read More Here

You have successfully subscribed to the newsletter

There was an error while trying to send your request. Please try again.

Copperbelt Katanga Mining will use the information you provide on this form to be in touch with you and to provide updates and marketing.