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High global copper prices should help attract the investment needed for Zambia 1 Copper Mining in Zambia 

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

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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 heads for weekly gains as stocks drop before US data jobs 2 Gold International 

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

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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
FINANCE MANAGER COMPANY SECRETARY- KRL | MINING CAREERS AT ZCCM-IH INVESTMENT HOLDINGS, CENTRAL, ZAMBIA 3 Mining Careers Mining in Zambia 

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

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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
BHP reports lower volumes at Olympic Dam due to a planned smelter maintenance campaign 4 Equipment & Technology International Mining technology 

BHP reports lower volumes at Olympic Dam due to a planned smelter maintenance campaign

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BHP has reported lower volumes at Olympic Dam due to a planned smelter maintenance campaign, completed in January 2022. This was partially offset by higher volumes at Antamina. Escondida copper production decreased by 15% to 488 000 t due to concentrator feed grade decline, despite a record performance for material mined. Metallurgical coal production for the December quarter was stagnant compared with the previous quarter, reaching 8.8-million tonnes, but down 8% in the half-year, to 17.6-million tonnes. BHP reported that Queensland coal production decreased due to significant wet weather, with… Read More Here
Glencore to build UK battery recycling plant 5 Battery Metals International Lithium 

Glencore to build UK battery recycling plant

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Switzerland-based mining company Glencore has entered a joint venture with a Britain-based investor in battery cell technologies and research and development, Britishvolt, to build a battery recycling system in the UK, including a new plant. The agreement, according to Glencore, would develop a “world-leading ecosystem” for battery recycling in the UK. The plant would be located at the Britannia Refined Metals (BRM) operation in Northfleet. Once complete, the plant will be Glencore and Britishvolt’s first battery recycling facility in the UK, with an expected processing capacity of a minimum of… Read More Here
Copper price down as dollar firms 6 Copper International 

Copper price down as dollar firms

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The copper price fell on Thursday as poor risk sentiment driven by weak corporate earnings pushed the dollar up. March delivery contracts were exchanging hands for $4.47 a pound ($9,840 a tonne) on the Comex market in New York, down 0.5% compared to Wednesday’s closing. European shares and US equity futures declined on Thursday amid the souring mood in the stock market. The greenback snapped three days of declines as investors sought a haven, putting pressure on gold and metals priced in the currency.  U.S. businesses’ payrolls fell last month by the most since… Read More Here
Glencore's output falls amid COVID Challenges 7 Copper Gold International Nickel Zinc 

Glencore’s output falls amid COVID Challenges

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Switzerland-based mining company Glencore saw the production of most of its minerals fall year-on-year (YoY) in 2021 as the COVID-19 pandemic continued to affect operations. The company saw falls in copper, zinc, lead, nickel, gold and silver production. The most significant drop was in lead, which declined by 14% YoY to 222,000 tonnes, followed by gold, which fell by 12% YoY to 809,000 tonnes.  However, the miner did see an increase in ferrochrome production output, which jumped by 43% to 1.46 million tonnes, and coal-coking, which rose by 20% to 9,100 tonnes. Despite… Read More Here
DRC: Kamoa Copper Phase 2 Mill 93% Complete, Commissioning Expected April 2022 8 Copper Mining in DRC New Mining Projects 

DRC: Kamoa Copper Phase 2 Mill 93% Complete, Commissioning Expected April 2022

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Kamoa Copper’s 3.8 million tonnes per annum (Mtpa) mill is 93% complete as of January 31, 2022. Concentrator hot commissioning to begin in April 2022, ending previous forecast of Q2 2022 and several months before the initial schedule. Hot commissioning involves introducing the first ore into the plant at a reduced feed rate to set equipment parameters and test performance. The feed rate is then regularly increased. Kamoa Copper continues to make significant progress on the construction of the Phase 2 mill, and the mill is expected  to be approximately 93% complete… Read More Here
DRC: Pollution of the Kasaï and Tshikapa rivers, the chances of repair are less (Expert) 9 Mining in DRC 

DRC: Pollution of the Kasaï and Tshikapa rivers, the chances of repair are less (Expert)

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After the pollution of the Kasai and Tshikapa rivers in July 2021 by alleged Angolan mining operators, the chances for the DRC to find compensation for the damage suffered are less, according to Dieudonné Musibono, Advisor to President Félix Tshisekedi in charge of the environment. Speaking on the subject, Dieudonné Musibono notes certain prerequisites which, to date, have not yet been fulfilled. “ Normally, when there is such a dispute, it is necessary to start by taking the samples, analyzing them in order to determine the nature and the quantity of… Read More Here
Zambian government to discuss Kalumbila MFEZ with FQM 10 Mining Companies Mining in Zambia 

Zambian government to discuss Kalumbila MFEZ with FQM

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First Quantum Minerals has welcomed Government’s decision to engage the mining firm in dialogue to designate the long-awaited Kalumbila Multi-Facility Economic Zone (MFEZ). The company believes the economic zone will bring about enhancement of local supplier competitiveness, not just in Kalumbila District, but in North-Western Province and beyond. First Quantum has invested over US$90 million in planning and development of Kalumbila Town. And the MFEZ application has been awaiting approval through a Statutory Instrument that will enable Kalumbila Town to realise its long-sought-after economic growth potential. Town growth has been… Read More Here

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