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Police searched Ivanhoe Mines’ Vancouver office as part of Swiss bank transfer investigation 1 Mining in DRC Environment Social Governance (ESG) 

Police searched Ivanhoe Mines’ Vancouver office as part of Swiss bank transfer investigation

arnbethnic
Police searched Canada’s Ivanhoe Mines’ (TSX: IVN) Vancouver office seeking information on $2.7 million in bank transfers from Ivanhoe to a Swiss bank account in connection with contracts for its Congolese mining operations, The Globe and Mail reported Thursday. Ivanhoe said it cooperated with the search in November 2021 and that no charges have been laid against the company or its directors or employees. The RCMP obtained the search warrant after saying it had reasonable grounds to believe that Ivanhoe violated Canada’s Criminal Code and Corruption of Foreign Public Officials Act between… Read More Here
Shutting huge Panama copper project shows why miners worry about starting them 2 International Governance 

Shutting huge Panama copper project shows why miners worry about starting them

arnbethnic
Panama’s decision to close a giant copper mine couldn’t come at a worse time for the market and highlights the risk of investing big in some projects. Just when the world faces a looming shortage of copper — a metal essential for the green revolution — Panama on Thursday said it will halt commercial operations at the Cobre Panamá operated by Canada’s First Quantum Minerals Ltd. It followed the breakdown of tax talks and is a rare move among Latin American countries. The mine, which is one of the world’s newest and… Read More Here
Ivanhoe Mines promises to respond to The Sentry's "misleading" report 3 Mining in DRC New Mining Projects 

Ivanhoe Mines promises to respond to The Sentry’s “misleading” report

arnbethnic
Ivanhoe Mines is writing “an official response” to what it calls “a misleading and sensationalist article” written by Geoffrey York of The Globe and Mail, dated December 15, 2022, which refers to “an equally flawed and misleading” report published by a United States-based organization, The Sentry, dated December 2022, reports the short press release of the Canadian firm “The article and report contain numerous inaccuracies, misrepresentations of Democratic Republic of the Congo law and Ivanhoe Mines business relationships, and demonstrate a fundamental misunderstanding of the legislative framework of the Democratic… Read More Here
Tender for Overall project process analysis and KEP Project consultancy service at a mine in the DRC  4 Mining Supply Tenders International Mining in DRC 

Tender for Overall project process analysis and KEP Project consultancy service at a mine in the DRC 

arnbethnic
Mining Tender Notice | DRC Announcement Date: 15th December 2022Tender Description: Tender for Overall project process analysis and KEP Project consultancy service at a prominent mine in the Democratic Republic of Congo. Hurry and don’t miss out. Deadline: 21 December 2022 Click to access full tender detail Source: The African TenderPRENEUR Read More Here
Goldman says commodities will gain 43% in 2023 as supply shortages bite 5 International Copper Oil & Gas 

Goldman says commodities will gain 43% in 2023 as supply shortages bite

arnbethnic
Commodities will be the best-performing asset class once again in 2023, handing investors returns of more than 40%, according to Goldman Sachs Group Inc. The Wall Street bank said that while the first quarter may be “bumpy” due to economic weakness in the US and China, scarcities of raw materials from oil to natural gas and metals will boost prices after that. Goldman predicted a multi-year commodities supercycle in late 2020. It has stuck to that view even as energy prices dipped in recent months due to China’s coronavirus restrictions… Read More Here
Watch KoBold President Josh Goldman Announce the Company’s $150 million Mingomba Deposit Investment 6 Battery Metals Mining in Zambia New Mining Projects 

Watch KoBold President Josh Goldman Announce the Company’s $150 million Mingomba Deposit Investment

arnbethnic
KoBold President Josh Goldman, EMR Capital EMR Executive Chairman Owen Hegarty, U.S. Commerce Secretary Gina Raimondo, Zambian Minister for Mines and Minerals Development Paul C. Kabuswe, and His Excellency Hakainde Hichilema, President of the Republic of Zambia joined together to announce KoBold’s $150 million Mingomba Deposit investment during the Biden Administration’s 2022 African Leader’s Summit. Read More Here
KOBOLD METALS, ZCCM-IH, EMR CAPITAL: INVESTING IN CLEAN MINERAL EXPLORATION 7 Copper Mining in Zambia New Mining Projects 

KOBOLD METALS, ZCCM-IH, EMR CAPITAL: INVESTING IN CLEAN MINERAL EXPLORATION

arnbethnic
The Central African Copperbelt is host to the largest copper and cobalt resource in the world. These metals, when mined and processed sustainably, have the potential to foster job creation and economic development for Zambia. U.S.-based start-up KoBold Metals, together with its partners EMR Capital, a specialist mining private equity firm, and Zambia’s public-private mining company ZCCM-IH, are pleased to announce a $150 million investment from KoBold Metals to own, explore, and develop the Mingomba deposit and to support the Lubambe Copper Mine in Chililabombwe, Zambia. This $150 million investment is the first major… Read More Here
DRC Finance Minister to budget for disbursement of oil royalties to Kongo Central starting 2023 8 Oil & Gas Mining in DRC 

DRC Finance Minister to budget for disbursement of oil royalties to Kongo Central starting 2023

arnbethnic
The President of the Republic Félix Tshisekedi returned in his communication during the 80th meeting of the Council of Ministers held on Friday December 9, 2022 to the issue of the allocation of oil royalties. He recalled the provisions of Law No. 11/011 of July 13, 2011 on public finance provides for the granting of a monthly allowance of 10% of the share due to the provinces in favor of the producing province as compensation to repair including environmental damage resulting from oil extraction. “To date, only the province of Kongo… Read More Here
KoBold Metals to build copper-cobalt mine in Zambia backed by Bill Gates & Jeff Bezos 9 Cobalt Battery Metals Mining in Zambia New Mining Projects 

KoBold Metals to build copper-cobalt mine in Zambia backed by Bill Gates & Jeff Bezos

arnbethnic
KoBold Metals, a start-up backed by a coalition of billionaires including Bill Gates and Jeff Bezos, has committed $150 million to developing the Mingomba copper-cobalt mine in Zambia, said to be the world’s highest-grade undeveloped large deposit of the orange metal. The start-up, which has Gates’ Breakthrough Energy Ventures and the world’s top miner BHP (ASX:BHP) as shareholders, will use its artificial intelligence tools to process drilling data and optimize exploration for copper and cobalt at Mingomba. KoBold is buying into what will be a joint venture with the existing owners of the project – Australian… Read More Here
Senior Drill & Blast Engineer | Mining Careers at KCC, DRC 10 Mining Careers Mining in DRC 

Senior Drill & Blast Engineer | Mining Careers at KCC, DRC

arnbethnic
Kamoto Copper Company SA is hiring Under the Supervision of the Mine Technical Services Manager ,the responsabilities of the Senior Drill & Blast Engineer will be : · Manage and mitigate related risks.· Lead H&S and environmental compliance and participating in incident investigations involving explosive usage.· Provide drill and blast engineering services, including energy calculations, blast hole pattern, charging and initiation design.· Coordinate with internal resources (mine planning, geology, production, drill supervisor) to schedule and execute drilling activities in a safe and efficient manner.· Monitor drill and blast production data… Read More Here

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