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The Inga 3 project is far from being a priority for the DRC, say three civil society structures 1 Mining in DRC Energy 

The Inga 3 project is far from being a priority for the DRC, say three civil society structures

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Three structures of the company operating in the energy sector have estimated that the Inga 3 project is far from being a priority for the Democratic Republic of Congo (DRC). In a report titled “Inga 3: Too High a Price – A Study of the Socio-Economic Costs of the Inga 3 Dam for South Africa”, the Coalition of Civil Society Organizations engaged in monitoring reforms and public action (CORAP), lnternational Rivers & Women and Solidarity Woman (FESO). Indeed, this report is based on studies conducted by financial experts from the… Read More Here
Market: copper at more than 10,000 USD per tonne this week internationally 2 Copper Mining in DRC Zinc 

Market: copper at more than 10,000 USD per tonne this week internationally

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The prices of the main mining export products of the Democratic Republic of Congo are showing a general upward trend this week from February 21 to 26, 2022, according to projections by experts from the National Mercurial Commission of the Ministry of Foreign Trade. Copper is trading this week at USD 10,000.06 per tonne compared to USD 9,825.80 per tonne last week, giving a positive price differential of USD 180.3. Zinc is also trending higher this week at USD 3,657.30 per tonne versus USD 3,631.95 per tonne the previous week,… Read More Here
DRC has the potential for better resource development: Condra Cranes 3 Mining in DRC Equipment & Technology 

DRC has the potential for better resource development: Condra Cranes

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Condra Cranes notes that the company is “very positive going into 2022, as Africa remains a good market and has good prospects”. The Gauteng-based company which is a supplier of cranes originally established its footprint in Zambia before expanding into the DRC. Expressing a positive outlook for the African mining industry in 2022, Condra Cranes MD Marc Kleiner, says the Democratic Republic of Congo (DRC) has the potential for better resource development. There is a significant opportunity for the DRC to grow by developing its resources, he notes, adding that… Read More Here
Zambian government investigate Argonaut’s Lumwana West license 4 Mining in Zambia Copper 

Zambian government investigate Argonaut’s Lumwana West license

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Argonaut Resources has advised relevant Zambian Government authorities are investigating the purported cancellation of exploration licence 22399-HQ-LEL, Lumwana West following in person representations by Argonaut. Lindsay Owler, Director and CEO commented: “Our circumstance has arisen at a time when the newly elected Government is working hard to restore investor confidence in the Zambian mining sector. “Our matter also coincides with the announcement that Zambia aims to increase its copper production to 3 tpa within 10 years, an outcome that can only be achieved if several of new copper mines are… Read More Here
Gold pushes above $1 900 as Ukraine crisis spurs haven demand 5 Gold International 

Gold pushes above $1 900 as Ukraine crisis spurs haven demand

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Gold advanced to an eight-month high above $1 900/oz as the prolonged standoff over Ukraine stoked demand for havens. The US ramped up warnings of a possible Russian attack, with President Joe Biden saying a “false-flag” event may be under way. Moscow said no invasion was planned, but given proposed US security assurances were unsatisfactory, Russia might have to resort to “military-technical measures.” Gold has made a strong start to the year, surging to the highest since June, as the possibility of a conflict in Europe buoyed prices. The commodity is set for a third weekly gain even as… Read More Here
Asante reports ‘significant interest’ in $100m raise for Bibiani 6 Gold International Mining Companies 

Asante reports ‘significant interest’ in $100m raise for Bibiani

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Exploration and development company Asante Gold has received “significant investor interest” in a private placement of common shares to raise up to $100-million at C$1.75 a share. Emiral Resources, which currently holds 19.6% of the company’s outstanding common shares, has indicated that it intends to participate in the offering at a level sufficient to maintain its current percentage shareholding. Funds will be used for working capital, including the payment of the second $30-million payment to Resolute Mining for the Bibiani mine acquisition, initial mine development costs at the Bibiani mine,… Read More Here
Sandvik trials largest capacity electric truck 7 Equipment & Technology International Mining technology 

Sandvik trials largest capacity electric truck

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Sweden-based original equipment manufacturer (OEM) Sandvik has unveiled a prototype of the Sandvik TH665B, the world’s largest capacity battery-electric truck for underground miners. The company said the truck has a payload capacity of 65-tonnes and is currently completing factory testing in California, US. Finalisation of the trial agreement with Barminco and AngloGold Ashanti Australia will see the truck trialled at the Sunrise Dam gold mine to “prove its viability in a long ramp application.” Commercial production of the Sandvik is expected to begin in late-2023. The company said the unveiling… Read More Here
ZCCM IH Board Director Bishop Mambo tells Chinese Mining Firm to Start Paying Dividends to Govt 8 Mining in Zambia Copper Mining Companies 

ZCCM IH Board Director Bishop Mambo tells Chinese Mining Firm to Start Paying Dividends to Govt

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The ZCCM IH Board has learnt that Non Ferrous China Africa Corporation (NFCA) Mining on the Copperbelt has not been paying dividends for eleven years to the Government, which is a share holder in the firm. The Government through ZCCM IH owns shares in NFCA, a Chinese owned mining firm based in Chambishi, Kalulushi District. Dividend is a sum of money paid regularly every year by a company to its shareholders out of its profits or reserves. NFCA Africa Mining Plc was established in March 1998 as the holding company… Read More Here
Mines and Minerals Minister Paul Kabuswe threatens to grab Black Mountain if Caderism shows its head 9 Mining in Zambia Governance 

Mines and Minerals Minister Paul Kabuswe threatens to grab Black Mountain if Caderism shows its head

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Mines and Minerals Minister Paul Kabuswe has threatened to shut down operations at the black mountain in Kitwe in an event of confusion or political tension in its operations or should there be any reports of careerism and political interference. Mr. Kabuswe warned that he did not want to see people brandishing guns, party regalia nor expensive vehicles at the black mountain, or he will shut it down. Mr.Kabuswe has said the new dawn Government wants the slug to be run smoothly without any political interference adding that its proceeds… Read More Here
Sandvik to supply major potash project 10 Equipment & Technology International Mining technology 

Sandvik to supply major potash project

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Sweden-based original equipment manufacturer (OEM) Sandvik Mining and Rock Solutions has won a $215.12 million (SEK 2 billion contract) from BHP to supply equipment to the Jansen Potash project in Saskatchewan, Canada. The company said the contract has followed “several years of close collaboration” with BHP to develop “the underground mining equipment and automation solution.” Sandvik confirmed to Mining Magazine that the order included its borer miner but didn’t detail exact models. The equipment is due to be delivered in the third quarter of 2023 and extend to 2026. Sandvik said an… Read More Here

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