arnbethnic - Copperbelt Katanga Mining

Written by arnbethnic

Rio Tinto readies to close world’s biggest diamond mine

January 20, 2020January 20, 2020 arnbethnic

The Argyle mine, in remote Western Australia, accounts for 90% of worldwide pink diamond production. (Image courtesy of Dan Nelson | Flickr.) Rio Tinto’s (ASX, LON, NYSE: RIO) iconic Argyle mine in remote Western Australia, the world’s biggest and the main global source of high-quality pink diamonds, will close in the fourth quarter this year, potentially pushing prices up and spurring exploration. The planned closure, the company said, will impact its total diamond output for the year. Rio now expects to produce between 12 and 14 million carats of rough diamonds in 2020, down… Read More Here

Gold Mining in DRC Precious Metals

Struggles faced by Africa’s new gold refineries

January 19, 2020January 19, 2020 arnbethnic

In a refinery just outside Uganda’s main airport, workers slip bars of freshly refined gold into clear plastic bags sealed with a sticker of the national flag — black, yellow and red — and the label “Ugandan’s Treasure.” Uganda produces little gold of its own. Alain Goetz, who set up the refinery, says that by branding gold from abroad as Ugandan, the operation is merely imitating others — for example, the Swiss don’t mine the gold they refine in Switzerland. A pink building guarded by dogs at Entebbe on the… Read More Here

Copper Mining in DRC Mining in Zambia Precious Metals

Copper juniors moving towards new area play

January 19, 2020January 19, 2020 arnbethnic

Area plays, where one company makes a discovery then other companies rush in to stake all around them, are at the very foundation of junior markets. Some noteworthy area plays are Hemlo in 1982, Eskay Creek in 1990, Lac de Gras in 1992, Voisey’s Bay in 1995 and the White Gold Rush in 2010. I alerted my readers to the developing gold rush in Canada’s Yukon Territory and said, in my opinion, buying Underworld Resources, Atac Resources and Kaminak Gold over the winter of 2009-10 and holding till fall 2010… Read More Here

Copper Mining in DRC Mining in Zambia

AfDB allocates €1.2 million to boost mining revenue in Africa

January 19, 2020 arnbethnic

The African Development Bank has allocated a €1.2 million grant to provide training to help resource-rich countries improve their mining revenues. The Bank’s Regional Development, Integration and Business Delivery Complex approved the first-of its kind grant from the Transitional Support Facility for the project on Financial Modelling for the Extractive Sector (FIMES) in December. The project will be implemented in Africa’s transitional countries from 2020 to 2022. The FIMES project will train policymakers responsible for the extractive sector to realise greater returns from natural resource investments in their countries. The… Read More Here

Mining in Zambia Uranium

Gemfields seeking admission to London’s Aim market

January 19, 2020 arnbethnic

Gemstone miner Gemfields intends to seek admission to trade on the Aim market of the LSE. The company does not intend to raise capital in conjunction with the admission, which it expects will become effective on February 14. The company, which has its primary listing on the JSE, and a secondary listing on the Bermuda stock exchange, says the listing on the Aim will allow it “to access greater liquidity and international investors”. It will also allow UK investors access to a growing market and the opportunity to invest in… Read More Here

Copper Mining in Zambia

A South African Foundry company plans further expansion into Zambia

January 19, 2020January 19, 2020 arnbethnic

A South Africa-based foundry and engineering company Thos Begbie’s Zambian branch will expand its workshop into a fully equipped heavy machine and fabrication shop with fabrication facilities to cater for other industries. Thos Begbie Zambia MD Piet du Preez highlights this as the medium- to long-term vision for the company. The workshop was recently secured for its latest branch, near Kitwe. Du Preez notes that all the necessary permits have been obtained and the company registration is complete. “An investor’s certificate for establishing a business and investing in the economy… Read More Here

Copper Mining in DRC Mining in Zambia

The ten highest-grade copper mines in the world

January 18, 2020January 18, 2020 arnbethnic

Copper is one of Zambia’s most important exports and, in many ways, the lifeblood of our economy. Zambia is not alone in this, however. There are many countries in the world where copper is an important export and contributes to tax and employment, including Chile, Canada, Australia, and our neighbour, the Democratic Republic of Congo (DRC). The amount of copper to be found in a mine is important, but what is also central is the grade of copper. Generally speaking, the higher the grade of copper available, the more profitable… Read More Here

Copper Mining in DRC

DRC President Felix Tshisekedi will be Attending the Mining Indaba 2020

January 18, 2020January 18, 2020 arnbethnic

Investing in African Mining Indaba is excited to announce that His Excellency Felix Tshisekedi, President of the Democratic Republic of the Congo (DRC) has confirmed his attendance at the event taking place in Cape Town 3 – 6 February 2020. The President will be accompanied by a large delegation from the DRC including two newly appointed cabinet ministers, Hon. Eustache Muhanzi Mubembe, Minister for Energy and Hydrocarbons, and Hon. Willy Kitobo Samsoni, Minister of Mines. President H.E. Felix Tshisekedi, became the leader of the Democratic of the Congo in January… Read More Here

Copper Mining in DRC

Nine drives supplied to major copper-mining greenfield project in Congo DR

January 17, 2020 arnbethnic

Leading drive and automation specialist SEW-EURODRIVE (Pty) Ltd. has supplied a comprehensive drive package to a major Greenfield copper-mining project in the Democratic Republic of Congo. The package comprised nine drives in total, of which the five main 500 kW ones weighed 12 t each. The remaining four consisted of two 90 kW drives on the decline sacrificial conveyor, and two 30 kW drives on the tip-truck sacrificial conveyor. Working through a local project house with which it has a longstanding relationship, SEW-EURODRIVE (Pty) Ltd. received the initial inquiry in… Read More Here

Energy Mining in DRC

AVZ finds power solution for DRC project

January 17, 2020 arnbethnic

Lithium hopeful AVZ Minerals on Wednesday announced that its subsidiary AVZ power SAU had inked a memorandum of understanding (MoU) with the Ministry of Hydraulic Resources and Energy, in the Democratic Republic of Congo, to investigate the refurbishment of the Mpiana-Mwanga hydro-electric power station on the Luvua river, along with the associated power grids. The hydro-electric power station is some 85 km from the proposed Manono mine site, and ceased operations in 1982. AVZ is hoping to acquire a long-term, 100% exclusive lease to rehabilitate the power station,… Read More Here