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KCM Digital Justice DRC Copper Mining in Zambia 

Zambian Supreme Court Orders Mopani Mines To Pay Over US$13 Million Tax Debt

arnbethnic
MOPANI Copper Mines has been ordered to pay over US $13 million tax liability to the Zambia Revenue Authority-ZRA for the years 2006 to 2010. Of the amount, over US$7.6 million covers tax liabilities from 2008 to 2010 while US$5.4 million caters for the years 2006 to 2008. The order has been made by the Supreme Court in a 63-page Judgement. Chief Justice Ireen Mambilima, Supreme Court Judges Mumba Malila, and Nigel Mutuna handed down the judgment. The judgment is on the backdrop of the appeal filed in the Supreme… Read More Here
Electra Mining Africa International Events & Expos 

Electra Mining Africa 2020 cancelled due to Covid-19

arnbethnic
Specialised Exhibitions, a division of the Montgomery Group and organisers of Southern Africa’s leading mining, manufacturing, automation, electrical, and power trade exhibition, Electra Mining Africa, has announced that the 2020 show, due to take place from 7-11 September at the Expo Centre in Johannesburg, South Africa, has been cancelled due to the COVID-19 pandemic. The next edition of the show will be held from 5-9 September 2022 at the same venue. “Following the measures declared by the President of South Africa on Sunday the 15th of March when a national… Read More Here
Gemfields accepted as corporate member of voluntary human rights initiative 2 Mining in Zambia Emeralds Precious Stones 

Gemfields accepted as corporate member of voluntary human rights initiative

arnbethnic
London-headquartered Gemfields, which owns the Kagem emerald mine, in Zambia, and the Montepuez ruby mine, in Mozambique, has become the first gemstone company in the world to be recognised as a corporate member by the Voluntary Principles on Security and Human Rights (VPSHR). The principles are a globally recognised initiative by governments, companies and nongovernmental organisations (NGOs) to confront human rights abuses and violations, and have become the common standard implemented across a variety of industries, guiding companies on how to conduct their security operations while at the same time… Read More Here
More Zambian Copper Mines Scale Down Operations 3 Copper Mining in Zambia 

More Zambian Copper Mines Scale Down Operations

arnbethnic
As a consequence of the COVID-19 pandemic, dwindling international metal prices and a concoction of other operational challenges; some foreign mining companies are scaling down their operations in Zambia in order to remain sustainable. Three leading mines in the country have been put on care and maintenance amid various developments, threatening their long term sustainability.These are namely the Glencore majority-owned Mopani Copper Mines, Maeterox owned Chibuluma Mines, and Lubambe mines Plc. All their units are located in the country’s rich-mineral region, located over 440 kilometers from the capital, Lusaka. Mopani… Read More Here
Copper Copper 

METALS-Shanghai copper slips for second day as U.S.-China tensions simmer

arnbethnic
BEIJING, (Reuters) – Shanghai copper prices fell for a second day on Monday, as investors focused on tensions between the United States and top metals consumer China, whose annual parliament meeting continues this week, and as supply constraints eased. While copper stocks in Shanghai Futures Exchange warehouses dropped at the fastest rate in nearly eight months last week, China’s copper consumption is weakening as a backlog of factory orders clears and the call on refined metal to replace limited scrap supply fades, Jinrui Futures said.     “The conflict between… Read More Here
Strike ends at Tenke Fungurume after workers agree “isolation bonus” following lockdown 4 Covid-19 Mining in DRC 

Strike ends at Tenke Fungurume after workers agree “isolation bonus” following lockdown

arnbethnic
A STRIKE at China Molybdenum’s Tenke Fungurume Mining (TFM) was bought to an end after only a day on Sunday, said Reuters citing Willy Kitobo Samsoni, mines minister for the Democratic Republic of Congo (DRC), where the mine is situated.  The strike was ended after management and workers agreed a compromise over compensation for working in isolation for two months due to COVID-19. The Chinese mining firm placed the TFM copper and cobalt mine in isolation from March 24 to try to protect the site from the virus. Essential staff… Read More Here
Gold dust Gold Mining in Zambia 

Zambia’s Gold partnerships raises more “gold dust”

arnbethnic
With the recent discoveries of Gold in various parts of Zambia, there seems to be great interest in the speedy exploitation of the mineral. The general citizenry is hoping for a super economic relief on a debt-burdened country. Expectations of job creation, more forex, more taxes and an economic mining diversification from copper to the newfound Gold.  Following the frenzied gold discoveries in Kasenseli, Mwinilunga district of northwestern province of Zambia, the government made some pronouncement on the prudent exploitation of this strategic mineral for the greater benefit of Zambians.… Read More Here
Gold ZCCM-IH Gold Mining in Zambia 

ZCCM-IH and its Investment Strategy in the Gold Sector in Zambia | A statement by ZCCM-IH

arnbethnic
Lusaka, Zambia – ZCCM Investments Holdings (ZCCM-IH) has prioritised investments in the mining sector particularly in other minerals such as gold and manganese. As mandated by Government to harness the gold potential in the country, ZCCM-IH strategy is to forge partnerships with any industry player within the gold value chain. The partnership with Karma Mining Services and Rural Development is one such partnership were the joint venture (Consolidated Gold Company Zambia) is entirely focused on gold processing. The following account provides clarity on various issues raised by stakeholders: The partnership… Read More Here
mponeng Covid-19 Gold International 

AngloGold shuts Mponeng mine after finding 164 coronavirus cases

arnbethnic, ,
AngloGold Ashanti’s Mponeng mine in South Africa has been temporarily closed after 164 workers tested positive for the coronavirus, the gold miner said in a statement on Sunday. The mine, the deepest in the world, only reopened in April after being shut under a nationwide lockdown and had been operating at around 50% capacity. It accounted for around 7.4% of the company’s total gold production in 2019.    THE MINE, THE DEEPEST IN THE WORLD, ONLY RE-OPENED IN APRIL AFTER BEING SHUT UNDER A NATIONWIDE LOCKDOWN AngloGold Ashanti, which also operates mines… Read More Here
Chamber of mines president DRC Mining in DRC Covid-19 

Congo’s Chamber of Mines head sees more M&A due to covid-19

arnbethnic,
The coronavirus pandemic will drive a “survival of the fittest” in Democratic Republic of Congo’s mining sector and trigger an increase in deal-making, the president of the DRC Chamber of Mines said on Wednesday.  “I see an increase in M&A activities post-covid-19 where the big players are shopping around for opportunities,” Louis Watum, who is also managing director of DRC operations at Ivanhoe Mines, said in a virtual panel discussion. Boris Kamstra, director of Pangea Exploration and executive director at Alphamin Resources, which manages the Bisie tin mine in Congo’s… Read More Here

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