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ZIMPLATS Permitted to Operate Despite Zimbabwe 21day Lockdown 1 Platinum Precious Metals 

ZIMPLATS Permitted to Operate Despite Zimbabwe 21day Lockdown

arnbethnic
The subsidiary of Impala Platinum (Implats), Zimplats, has been given permission to continue operating in Zimbabwe, although the country is in lockdown for 21 days from March 27 to midnight on April 19.   In accordance with the Zimbabwean government directive of March 27 and a subsequent complementary statement by the Minister of Mining and Mining Development Winston Chitando on March 29, Zimplats applied for permission to continue operating under agreed precautionary measures. The permit was granted and allowed mining and processing to continue relatively uninterruptedly during the lockdown. Meanwhile, Zimplats… Read More Here
Ivanhoe's Operations Cobalt Copper Mining in DRC Uncategorized 

Ivanhoe’s Operations at Kamoa Kakula Copper Mine Continues

arnbethnic
Ivanhoe Mines has announced that, given the fast-evolving global impact of the COVID-19 pandemic, it is providing details on protective measures implemented 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 projects ─ Kamoa-Kakula, Platreef and Kipushi ─ to prevent the virus from spreading to the minesites. To date, no COVID-19 cases have been discovered. At Kamoa-Kakula, the minesite has been locked down and all… Read More Here
Gécamines Mining in DRC 

DRC Prosecutor Stops $250M Glencore Payment to Gecamines

arnbethnic
A Democratic Republic of Congo prosecutor blocked a $250 million payment by a unit of Glencore Plc-controlled Katanga Mining Ltd. to state-owned Gecamines amid a corruption investigation into the latter company’s executives. Katanga-controlled Kamoto Copper Company SA agreed in December to acquire land around its mining site belonging to Gecamines, its joint-venture partner, for $250 million to build a tailings dump and for mineral exploration.KCC received an injunction Monday from the General Prosecutor at the Kinshasa Court of Appeals blocking the payment, “pending the conclusion of an investigation by the General Prosecutor relating to Gecamines’ executives,” the company said… Read More Here
Iron Ore loading Iron & Steel 

ARM Gets Green Light to Load Iron Ore Amid COVID-19 Lockdown

arnbethnic
African Rainbow Minerals (ARM) said on Thursday it had received the green light from South African authorities to load iron ore from stockpiles at its joint venture mines despite a 21-day nationwide coronavirus lockdown.  The diversified miner said Assmang, a 50-50 venture with Assore, had received authorization from the mines ministry to operate its load-out stations at the Khumani and Beeshoek mines to distribute iron ore from the mines’ respective stockpiles. South Africa called the shutdown last week to try to slow the spread of the coronavirus outbreak and ordered all… Read More Here
Mopani Copper Mines Copper Global markets 

Mopani Copper Mines to review spending in the midst of the coronavirus threat

arnbethnic
Mopani Copper Mines, a subsidiary of Glencore in Zambia, will conduct a comprehensive review to minimize cash outflows and avoid the uncertainty caused by the corona virus threat. “The rapid fall in copper prices due to the impact of COVID-19 has now put Mopani’s operations under significant additional pressure,” the company said. Copper prices are set for the worst week since 2011 after falling 10% so far. The metal that is often called “Dr. Copper” as it acts as a bellwether for the global economy and has been hard hit… Read More Here
SOuth Africa loackdown International 

FQM Seeking Alternative Routes for Export Amid South Africa Lockdown

arnbethnic
FIRST Quantum Minerals is looking for alternative ways to export its copper from Zambian mines after South Africa imposed restrictions. The Toronto-listed company also said Zambian copper production was “better than expected” this year in spite of the COVID 19 threat.  “Activities in Zambia have been slightly better than expected since the beginning of the year, with good volumes and recoveries of mixed and sulfide ores in Kansanshi and improved mining volumes and ore grades at Sentinel,” the company said in an update. “After announcing stricter restrictions in South Africa,… Read More Here
Global Diamond Mining Industry | The Way Forward 2020 2 Diamond Gemstones Global markets International Mining in DRC 

Global Diamond Mining Industry | The Way Forward 2020

arnbethnic
  Alrosa and DeBeers are the two companies that share half of the world’s diamond supply.     Whether you have ever owned an actual piece of diamond jewelry or not, you have probably heard about the dark history of the diamond trade. The concept of a blood diamond came from different parts of the African continent where diamond mining companies were exploiting workers and entire communities for profit. People have been suffering in gruesome conditions, and human rights organizations are still in the fight to end this issue.   While… Read More Here
How can Zambia Prevent an Economic Disaster Post-COVID-19? 3 Mining in Zambia Global markets Mining tax 

How can Zambia Prevent an Economic Disaster Post-COVID-19?

arnbethnic
The COVID-19 pandemic – whilst first and foremost a public health emergency – is creating a global economic crisis in its wake, which could cause longer lasting disruption than the virus itself. For the mining industry, the disappearance of global industrial activity has created a sudden and severe over-supply of copper, causing prices to plummet. The turmoil threatens to kill mining industries around the world, including Zambia’s.  Renowned economist Professor Oliver Saasa shares his views on possible responses that Government could implement to mitigate the damage. Countries around the world are swiftly… Read More Here
Fighting COVID-19 in the DRC 4 Uncategorized 

Fighting COVID-19 in the DRC

arnbethnic
Only weeks after the discharge of its last Ebola patient, the DRC has been hit by the coronavirus pandemic. Barbro Ciakudia examines the special problems this war-torn country faces in dealing with the virus and calls for solidarity from the diaspora. On 23 March 2020, the South African President, H.E. Cyril Ramaphosa, announced a three week lockdown in response to COVID-19. The President also confirmed that the military will be deployed in order to support the police in enforcing the nationwide lockdown. On the day of the speech, South Africa’s Department of… Read More Here
SA's Lockdown to hit Anglo American's 2020 Output 5 Uncategorized 

SA’s Lockdown to hit Anglo American’s 2020 Output

arnbethnic
Anglo American PLC announced on Friday that the three-week blockade by the South African government is expected to reduce iron ore production and export of thermal coal in response to the spread of the corona virus. The South Africa-based multinational mining company estimates iron ore production from its Kumba mine in 2020 will be 2 to 3 million tons, while thermal coal exports are expected to decrease by 1.5 million tons to 2 million tons for the year. Anglo American has said in recent days that similar restrictions in the… Read More Here

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