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DRC: Congolese expertise increasingly proven in environmental studies, says OEMS CEO

February 16, 2022February 16, 2022 admin

The Democratic Republic of Congo (DRC) is not short of experts in environmental impact studies. In the past, this area was reserved only for foreigners, but for some time the Congolese have been successfully tackling it. During a press conference on Monday February 14, 2022, the Office of Environment and Mining Studies (OEMS) research firm supported its argument with supporting examples to demonstrate this proven experience. For the organizers, this conference should also make it possible to put an end to the gossip that leagues against Congolese expertise in environmental… Read More Here

AVZ Minerals completes US$240 million cornerstone investment

February 16, 2022February 16, 2022 admin

ASX-listed AVZ Minerals on Wednesday reached an agreement with private investment firm Suzhou CATH Energy Technologies over a $240-million investment into the Manono lithium and tin project, in the Democratic Republic of the Congo (DRC). The two companies in September last year struck a deal under which CATH will earn a 24% equity interest in a multi-faceted joint venture to develop the Manono project for a $240-million cash payment, and a further amount to fund its pro-rata portion of funding to develop the project. AVZ Minerals said on Wednesday that the parties have now agreed to… Read More Here

Copper Economy Mining in Zambia

Small Scale Miners looking forward to the resumption of operations at the Black Mountains- Zambia

February 16, 2022February 16, 2022 admin

The Small Scale Miners Association of Zambia has hailed the Government’s decision to hand over a portion of the Kitwe Mineral Slag Dump commonly known as Black Mountain to cooperatives owned by the local youth and women. President Hakainde Hichilema on Sunday night announced on Facebook the handover of the Kitwe Black Mountain to a Consortium of cooperatives representing all the 10 districts of the Copperbelt province, the Women in mining group, and the Community hosting the black mountain. The Black Mountain located between Wusakile and Nkana West is owned… Read More Here

Battery Metals Lithium

Lithium battery manufacturers race to develop low-emission heavy equipment for mining

February 15, 2022February 15, 2022 admin

The mining industry globally is expanding, which makes getting to net zero emissions in the next decade unlikely at best. But one small company in Newcastle is hoping to make a difference by developing big battery systems for heavy equipment. Heavy vehicle battery manufacturer 3ME says the appetite for a low-emissions mining industry is high. The fledgling company, which started with just three staff in 2018 and has 55 today, is looking to grow with recent investments and federal grants combining to nearly $25 million. The company produces a lithium-ion battery system, made up of a series of… Read More Here

Mining in DRC International Mining Companies

Glencore sets aside $1.5bn to settle bribery probes

February 15, 2022February 15, 2022 admin

Investigations into corruption at Glencore have been underway since 2018, as the firm faces allegations of bribery and market manipulation. Glencore has announced its decision to set aside $1.5bn to resolve investigations into bribery and corruption at a number of its operations. The Anglo-Swiss firm is facing probes in the US, UK, and Brazil over corruption at its operations in the Democratic Republic of Congo (DRC), Venezuela, and Nigeria, with allegations first being levelled in 2018. Such investigations are expected to be resolved this year. The news comes as the… Read More Here

Copper International

Copper edges higher as Russian troops return to base

February 15, 2022February 15, 2022 admin

Copper prices ticked higher on Tuesday after Russia returned some troops to base after exercises near Ukraine, easing fears about a potential invasion and boosting financial markets. Three-month copper CMCU3 on the London Metal Exchange (LME) rose 0.7% to $9 985 a tonne by 11:15 GMT after a 0.6% gain the previous day. It was unclear how many Russian units were being withdrawn to their bases after an estimated 130 000 Russian troops had been moved close to the Ukraine border. “The metals markets in the short-term remain at the mercy of… Read More Here

Governance Mining in Zambia

Interventions in mining and other key sectors to prop Zambia’s GDP

February 15, 2022February 15, 2022 admin

Zambia government has revealed that by 2024, the country’s GDP is expected to rise to 4.4 per cent following strategic interventions in the agriculture, tourism, mining, manufacturing, energy, and transport sectors. The government has also projected a modest 3.5 per cent rise in its Gross Domestic Product (GDP) for 2022, a small rise from the 3.3 expected to have been attained last year. This is contained in the 2022-2024 Medium Term Budget Plan released by the Ministry of Finance. It said the economic outlook for 2022 and the medium term… Read More Here

International Mining technology

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