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BHP first-half profits beats estimates and triggers talk of M&A

February 15, 2022February 15, 2022 admin

BHP Group announced a record dividend payout after reporting an estimate-beating first-half profits on Tuesday, helped by higher commodity prices, despite a cutback in demand from top metals consumer China. The miner has had a busy six months marked by sweeping changes, including selling its $13-billion petroleum business and a listing unification, while managing pandemic-related disruptions to its business. Iron ore prices, however, have halved from last year’s record levels as China’s push to curb emissions and easing construction activity in the country’s debt-laden property sector curtailed demand. Commodity price volatility will… Read More Here

Mining Companies

Glencore’s earnings rocket 84% to $21.3bn

February 15, 2022February 15, 2022 admin

Diversified mining and marketing company Glencore on Tuesday announced 84% higher financial results for the year, with earnings before interest, taxes, depreciation and amortisation (Ebitda) rising to $21.3-billion. Looking forward, Glencore CEO Gary Nagle said the company remained focused on its strategy to deliver decarbonisation and meet increasing demand for everyday metals, “while responsibly meeting energy needs of today”. Marketing earnings before interest and taxes were up 11% to $3.7-billion, while multi-year or record high prices for many commodities, underpinned the 118% jump in industrial Ebitda to $17.1-billion. Net income attributable to equity… Read More Here

Mining in Zambia Mining Careers

ENVIRONMENTAL OFFICER, MONITORING | MINING CAREER AT FQM, KALUMBILA, SOLWEZI, ZAMBIA

February 15, 2022February 15, 2022 admin

Requisition Number: J4643| Country: Zambia | Contract Type: On-going| Location: Solwezi | Category: Environmental Apply now Job description: Overall Job Purpose : Conducting data analysis and all field environmental related monitoring activities. The role involves advising the environmental management team, middle management and employees on environmental management requirements and will require to develop and implement procedures and management plans. Specific Job Responsibilities: Undertake routine assessments on environmental conditions to establish root cause of potential operational impacts. Assist in preparation of technical guidelines and procedures for environmental monitoring requirements. Carry out daily, weekly, monthly and quarterly sampling of mine emissions… Read More Here

Mining Careers Mining in Zambia

ARTISAN RIGGER | MINING CAREER AT FQM, KALUMBILA, SOLWEZI, ZAMBIA

February 15, 2022February 15, 2022 admin

Requisition Number: JR4295| Country: Zambia | Contract Type: On-going| Location: Solwezi | Category: Mining Maintenance Apply now Job description: Overall Job Purpose To carry out workshop, PCR rigging related functions and Maintenance / Breakdown support services to the Sentinel mine site. This will be done in such a manner so as to achieve cost savings, continuous improvement initiatives, and utilization of synergies throughout the area. This role will carry out the activities of the RTWS and open pit to ensure the application of appropriate levels of safety and productivity are maintained in order to meet safety, cost and productivity… Read More Here

Uncategorized

DRIVER, AMBULANCE | MINING CAREER AT FQM, KALUMBILA, SOLWEZI, ZAMBIA

February 14, 2022February 14, 2022 admin

Requisition Number: J4508| Country: Zambia | Contract Type: Fixed Term| Location: Solwezi | Category: Administration Apply now At First Quantum, we free the talent of our people by taking a very different approach which is underpinned by a very different, very definite culture – the “First Quantum Way”. Working with us is not like working anywhere else, which is why we recruit people who will take a bolder, smarter approach to spot opportunities, solve problems and deliver results. Our culture is all about encouraging you to think independently and to challenge convention to deliver the best result. That’s… Read More Here

Gold International

Gold eases from 3-month highs, palladium investors wary of Ukraine conflict.

February 14, 2022February 14, 2022 admin

Gold prices fell on Monday, as the U.S. dollar gained, with worries around the Russia-Ukraine conflict limiting losses of the safe-haven metal and keeping palladium traders on tenterhooks. Spot gold was down 0.2% to $1,855.86 per ounce by 1030 GMT. On Friday, prices jumped the most since mid-October and hit their highest level since Nov. 19 at $1,865.15. U.S. gold futures rose 0.6% to $1,853.70. “Gold had a classic safe haven jump on Friday… (but) the problem with safe haven spikes is that they never really last for that long,”… Read More Here

Battery Metals Cobalt International

WORLD: the sale of electric cars doubles in 2021 to reach 6.6 million pieces sold against 3 million in 2020 (IEA)

February 14, 2022February 14, 2022 admin

Data from the International Energy Agency (IEA) released at the end of January 2022 indicated that automakers sold 6.6 million electric cars in 2021 compared to 3 million the previous year, double the sale of the latter. The uptrend is set to continue into 2022 and beyond as one auto industry giant after another announces multi-year plans to go all-electric. This table reflects the start of the electric vehicle boom announced several years ago. Also, a business opportunity in the Democratic Republic of Congo (DRC) because of its potential in mining… Read More Here

Copper Mining in Zambia

High global copper prices should help attract the investment needed for Zambia

February 14, 2022February 14, 2022 admin

Zambia Finance Minister, Situmbeko Musokotwane, says high global copper prices should help attract the investment needed to allow Zambia to boost its annual production to about 3 million tonnes over the coming decade from an estimated 800,000 tonnes in 2021. First, however, the government must find an investor to take a minority stake in Mopani Copper Mines and fund a planned expansion, Musokotwane said. State-owned mining investment firm ZCCM-IH bought Mopani from Glencore a year ago. The government is also seeking to end a dispute over Konkola Copper Mines (KCM).… Read More Here

Gold International

Gold heads for weekly gains as stocks drop before US data jobs

February 4, 2022February 4, 2022 admin

Gold headed for a weekly advance as US equities fell after Meta Platforms suffered a historic share-price rout, while investors awaited a key jobs report for more clues on the Federal Reserve’s monetary policy path. The Facebook parent plunged 26% Thursday on the back of woeful earnings results, erasing about $251-billion in market value in the biggest one-day wipeout for any US company. Concerns over tightening monetary policy also contributed to the worst slide for American technology shares since 2020. January’s employment report due Friday is expected to be weak… Read More Here

Mining Careers Mining in Zambia

FINANCE MANAGER COMPANY SECRETARY- KRL | MINING CAREERS AT ZCCM-IH INVESTMENT HOLDINGS, CENTRAL, ZAMBIA

February 4, 2022February 4, 2022 admin

JOB TITLE: Finance Manager | LOCATION: Serenji Kabundi Resources Limited (KRL), is a wholly owned subsidiary of ZCCM Investments Holdings Plc, managing the manganese project in Serenje District, Central Province of Zambia. The Company invites applications from suitably qualified and experienced persons who are innovative, energetic and performance driven to fill the position of FINANCE MANAGER. The Finance Manager will also assume the role of COMPANY SECRETARY for KRL. Applications together with copies of certificates and detailed curriculum vitae should reach the undersigned not later than Friday 4th February 2022. A/ Chief Human Resource & Administration… Read More Here