You are here

Written by 

Nathan Chishimba Copper Corporate social responsibility Mining in Zambia 

Barrick Lumwana Donates $530K to Zambia to Fight Covid-19

arnbethnic
Gold Major Barrick donated a $ 530,000 check to Zambia to help the country fight and curb the Covid-19 pandemic. Barrick Zambia country manager Nathan Chishimba said Tuesday that the company has already taken extensive measures to protect workers and their families living in and around the Lumwana mine from the virus.  “As a committed partner of Zambia, we also want to contribute to the government’s fight against the pandemic. As a result, we are funding medical equipment worth $ 340,000 nationally, $ 100,000 for the northwestern province, and $… Read More Here
copper on trucks Copper Mining in DRC Mining in Zambia 

Copperbelt Miners Turn to Tanzania due to South African Lockdown

arnbethnic
JOHANNESBURG – South Africa’s strict coronavirus lockdown has caused miners to divert copper from the country’s ports to others in Africa, with Dar es Salaam the clear winner, sources told Reuters. Authorities in South Africa initially said ports would only process essential goods during a three-week nationwide lockdown that began on March 27. On Friday, the Department of Transport said ports remain open to all types of cargo. But miners in the copper belt – an area spanning northern Zambia and southern Democratic Republic of Congo – did not wait… Read More Here
Richard Musukwa Copper Mining in Zambia 

Zambian Government Rejects Mopani’s “Force Majeure”

arnbethnic
Zambia said on Tuesday that Glencore has declared “force majeure” and will shut its copper mines in the country due to the coronavirus, adding that the government would block the move which would put 11,000 jobs at risk.  Mines Minister Richard Musukwa said Glencore plans to put its Mopani Copper Mines (MCM) operations under “care and maintenance” for three months from Tuesday as the global coronavirus outbreak weighs on copper prices and restricts the movement of key staff. “The Government of the Republic of Zambia rejects this attempt by Mopani… Read More Here
Mine workers Copper Cobalt Mining in Zambia 

Mopani Copper Mine Moves Operations to Care and Maintenance

arnbethnic
Copper mining company Mopani Copper Mines plc said on Tuesday that it had placed its mining operations on care and maintenance and a number of projects on hold. Mopani, owned 73.1% by Glencore, is an integrated copper producer located in the Copperbelt of central Zambia.  The announcement, the company said, followed a number of meetings with Zambian government Ministries to provide an update of its comprehensive operational review. In a press statement to Mining Weekly, the company said that the “very challenging” operating, regulatory and macroeconomic environments had placed significant pressure… Read More Here
Ivanhoe 10 ICU units Corporate social responsibility Mining in DRC 

Ivanhoe Equips DRC Mine With 10 ICU Units Amid Kamoa-Kakula Construction

arnbethnic
KOLWEZI, DEMOCRATIC REPUBLIC OF CONGO – Ivanhoe Mines (TSX: IVN; OTCQX:IVPAF) Co-Chairs Robert Friedland and Yufeng “Miles” Sun announced today that, given the fast-evolving global impact of the COVID-19 pandemic, the company is providing further details on the rigorous protective measures it has implemented to protect the health and well-being of its employees, contractors and local communities while ensuring business continuity at the Kamoa-Kakula Project. In response to government-imposed travel restrictions and emergency protocols being introduced worldwide, strict quarantine and lock-down procedures have been implemented at all three of the company’s… Read More Here
Gold Gold International 

Gold has a role to play in Covid-19 testing toolbox | Did you know?

arnbethnic
Gold is being used in new Covid-19 rapid tests around the world, which identify the presence of biomarkers from the body’s immune response to Covid-19 instead of looking for the virus itself.  The tests can also help detect if a person has been infected with Covid-19 even after the virus is no longer present.  In a blog post on March 17, World Gold Council (WGC) consultant Trevor Keel explained that tiny spherical particles of gold have been used as “indicators” in lateral flow assays (LFAs) for over 40 years. In terms of… Read More Here
Glencore Offices Mopani Global markets International 

Glencore postpones dividend payment decision

arnbethnic
Miner and commodities trader Glencore (LON: GLEN) has deferred making a decision on whether to go ahead with the proposed 2020 cash distribution as risks associated with a global recession and massive demand shock loom. The Switzerland-based company had announced plans to reward investors with $2.6 billion in cash distribution this year, or $0.20 per share. Instead, it said it was taking “prudent” action to protect and strengthen its capital structure amid the current period of heightened uncertainty. Glencore warned that while there were currently no risks of material production disruption owing to the… Read More Here
Modular Mining International Mining technology 

Modular Mining Improves Performance for a Zambian Copper Mine

arnbethnic
For nearly all mining companies, maximizing profits is a top priority. One way that mines can achieve their profitability goal is through effective payload management. By gaining real-time visibility into equipment payload data, mines can avoid under- or overloading trucks, have an accurate accounting of the material being moved at any given time, and optimize the utilization of their existing equipment fleet. Problem A mine in Zambia recently approached Modular Mining for help in identifying opportunities to improve loading efficiency. In response, members of Modular Mining’s Africa-based Performance Assurance (PA)… Read More Here
Rolls-Royce to Rebrand MTU Companies 14 International Mining technology 

Rolls-Royce to Rebrand MTU Companies

arnbethnic
British engineering group Rolls-Royce will rename and restructure the MTU companies, part of its Rolls-Royce Power Systems business unit, to improve brand recognition Rolls-Royce originally acquired a stake in the engine business MTU back in 2011; this was as part of a takeover of the brand’s previous owner, diesel engine supplier Tognum, through a joint venture with automaker Daimler. Tognum then became Rolls-Royce Power Systems, and in 2014, it was fully acquired by Rolls-Royce. As part of a new brand structure, MTU companies will have Rolls-Royce incorporated in their names,… Read More Here
Caterpillar Freezes Executive Pay | COVD 19 Effects 15 Global markets International 

Caterpillar Freezes Executive Pay | COVD 19 Effects

arnbethnic
Caterpillar has instituted a freeze on base pay increases in 2020 as part of its cost cutting efforts to try and stave off the worst effects of the COVID-19 pandemic on its business. The measure affects senior executives, management and salaried employees.   Employees covered by Caterpillar’s short-term incentive plans (STIPs) will not receive a STIP payout for the 2020 plan year either. That includes the annual incentive plan for Caterpillar’s executive officers. A Caterpillar spokeswoman said these were among the efforts the company was taking to reduce costs across the… Read More Here

You have successfully subscribed to the newsletter

There was an error while trying to send your request. Please try again.

Copperbelt Katanga Mining will use the information you provide on this form to be in touch with you and to provide updates and marketing.