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The Chinese Gold Mining Focus 1 Gold Mining in DRC 

The Chinese Gold Mining Focus

arnbethnic
On November 18, 2019, the Deziwa or Somidez copper and cobalt mines built by CNMC in Congo Gold were successfully completed.  CHINA’S INVESTMENT IN CONGO GOLD MINING IS ENTERING A NEW ERA. On November 18, 2019, the Deziwa and Somidez copper and cobalt mines built by CNMC in Congo Gold were successfully completed and put into production. On November 20, the nearby Congolese smelter, LCS Pyrometallurgical, a joint venture between CNMC and Yunnan Copper, successfully set up a test and produced the first batch of raw copper. The simultaneous construction and… Read More Here
Geological survey entrance Mining in DRC International 

The U.S. Geological Survey (USGS) releases mining production data for 2019.

arnbethnic
USGS Mining Production Data for 2019 An estimated 140,000 tonnes of cobalt were mined in 2019, with the Democratic Republic of Congo contributing 71% to the world supply. Bloomberg NEF estimated planned mining production in 2019 at 164,000 tonnes of cobalt. A sharp drop in prices from 2018, and the technical challenges faced by some projects, could explain why the production achieved was below capacity. Katanga Mine was unable to reach its planned production capacity of 20,000 tonnes, and produced only about 17,000 metric tons. Vale New Caledonia (VNC) has… Read More Here
AVZ minerals drilling works Lithium Mining in DRC 

Yibin Tianyi to invest A$10.6 million in AVZ Minerals | DRC

arnbethnic
AVZ Minerals has announced an equity placement of A$10,687,500 to Yibin Tianyi Lithium Industry through the issue of 237,500,000 shares at 4.5 cents per share. Upon completion of the Placement, Yibin Tianyi will hold the equivalent of a 9% stake in AVZ. Under the new amended Subscription Agreement, Yibin Tianyi will not be entitled to an AVZ Board seat. AVZ’s MD, Nigel Ferguson, says: “Upon completion, the Board is pleased to finally and officially welcome Yibin Tianyi as a shareholder. “Yibin Tianyi has remained committed to becoming an investor in… Read More Here
Caterpillar Mining technology International 

Caterpillar achieves 2 billion tonnes hauled with autonomous trucks system

arnbethnic
Caterpillar is hitting a significant milestone in autonomous haulage—achieving 2 billion tonnes hauled using Cat MineStar Command for hauling. Caterpillar has doubled the amount hauled in the 16 months since reaching 1 billon tonnes hauled in November 2018. “In just a bit over six years we’ve safely hauled 2 billion tonnes—a milestone we achieved significantly faster than our competitors,” said Sean McGinnis, MineStar Solutions product manager. “This milestone makes Command for hauling the most productive commercially available solution, and it’s something mining people are noticing.” Since commercially launching Command for… Read More Here
emeralds Emeralds International Mining in Zambia 

Gemfields launches second short film highlighting what makes emeralds special

arnbethnic
Gemstone miner Gemfields has launched the second of four short films, the latest edition of which is dedicated to the emerald – the birthstone of the month of May. The aim of these short films is to give viewers an understanding of what coloured gemstones really are, where they come from and what makes them special.  This follows on the launch of the inaugural video on responsible sourcing, which coincided with World Earth Day on April 22. Fine jewellery specialist and author of the book Emerald, Joanna Hardy explains that a high-quality gemstone… Read More Here
Pay network Mining in DRC Mining technology 

Pay Network will open a branch in Kolwezi this year

arnbethnic
Exclusive interview with Yvonne Kusuamina, CEO, Pay Network, gold sponsor of the next edition of DRC Mining Week to be held in Lubumbashi in October. Thank you for this opportunity, could you tell us more about your business and the work done in the mining industry? Pay Network, created in February 2007, is the result of more than 10 years of experience in human resources management in the DRC. In February 2019, Pay Network became the official representative of the Democratic Republic of Congo of Mercer Africa, a subsidiary of Marsh and… Read More Here
Mopani Copper Mines Mining in Zambia Copper 

Mopani Copper Mines to resume mining operations temporarily

arnbethnic
Glencore’s Zambian subsidiary Mopani Copper Mines (MCM) will resume mining operations for 90 days but still expects to go ahead with its initial plan to place its mining operations on care and maintenance, the local firm said on Sunday. Glencore’s original announcement that it planned to put MCM under “care and maintenance” due to the coronavirus crisis and other issues sparked a backlash from Zambia’s government, which threatened to revoke its licences for not giving enough notice.   Milling hall at MCM’s Mufilira operation. (Image by photosmith2011, Flickr) Mopani said in a… Read More Here
Chamber of mines president DRC Mining in DRC Mining Personality 

Louis Watum | The New President of the Chamber of Mines in DRC

arnbethnic
Louis Watum the new President of the Chamber of Mines in DRC and Country Manager at Kamoa Copper SA He has been appointed President of the Chamber of Mines in DRC since February 2020. Louis Watum has been piloting Kamoa’s mega copper and cobalt project since 2014, which could become the second-largest copper mine in the world, according to Ivanhoe’s website. The project is being led by Canada’s Ivanhoe Mines, along with Zijin Mining and the Citic Fund, both of which are Chinese. Mr Louis Watum joined Ivanhoe Mines in… Read More Here
Mining Companies in the DRC 7 Mining in DRC Diamond Gold 

Mining Companies in the DRC

arnbethnic
With an estimated USD 24 trillion in untapped mineral deposits of cobalt, diamonds, gold, copper, and other minerals, the DRC is a key mining destination, with a large number of mining companies actively operating across the country.   Mining companies in the Democratic Republic of Congo include both large, international mining houses and Artisanal and Small-Scale Mining companies (ASM).   DRC’s active mining companies: • African Metals Corp • Amani Gold • AngloGold Ashanti • ARC Minerals Ltd • Armadale Capital Plc • AVZ Minerals Limited • Banro Corporation •… Read More Here
Kakula Cobalt Copper Mining in DRC 

Ivanhoe’s Kakula mine development advances ahead of schedule

arnbethnic1 Comment
Ivanhoe (TSX: IVN) announced on Monday that underground development at the Kakula copper mine in the Democratic Republic of Congo continues to advance ahead of schedule and said it will bring the deposit into production on time and budget by the third quarter of 2021.  Kamoa-Kakula mine in the DRC. (Image courtesy of Ivanhoe Mines). The company reported that more than 13.5 kilometres (8 miles) of underground development is now completed, 4.2 kilometres (3 miles) ahead of schedule. “The mining team is on pace to set a new monthly development record of… Read More Here

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