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Kamoto Copper Company (KCC) implements innovative communication solutions within the Company 1 Mining in DRC Environment Social Governance (ESG) Technology & Innovation 

Kamoto Copper Company (KCC) implements innovative communication solutions within the Company

arnbethnic
Kamoto Copper Company (KCC), one of the world’s leading copper and cobalt producers based in the Lualaba province of the Democratic Republic of Congo, is the first company to implement an innovative customer engagement application. employees to strengthen communication between the company and its employees. Through a partnership with Vodacom Business and Standard Bank, KCC has launched the Umoja app – a digital work tool designed to address the structural communication challenges prevalent not only in business, but also in the community in the sense wide. Internet access remains a… Read More Here
The global race to secure critical minerals heats up 2 Battery Metals International 

The global race to secure critical minerals heats up

arnbethnic
The World Trade Organization last week ruled that Indonesia had no right to ban the export of nickel or to require that raw nickel ore be refined in Indonesia. Handing a comprehensive victory to the complainant, the European Union, the WTO decision highlights the clash between national security and global trade rules over critical minerals. At least 14 nations, including Australia, have drafted special national-security-focused arrangements governing investment and trade in critical minerals. Nickel—a crucial input of batteries and stainless steel—is on seven of those lists. Indonesian President Joko Widodo made clear that the… Read More Here
ZCCM-IH Shareholders in K85.2 million Dividend Payout 3 Economy Mining in Zambia 

ZCCM-IH Shareholders in K85.2 million Dividend Payout

arnbethnic
09th December 2022, Lusaka, Zambia: Shareholders of ZCCM Investments Holdings Plc (ZCCM-IH) have approved an K85.3 million dividend at K0.53 per share during the 18th Annual General Meeting held today virtually.  This follows a Group profit of K2.1 billion (compared to K307 million in 2019)and a Company profit of K568 million (compared to K153 million in 2019) recorded for the 2020 financial year end. This represents 594% and 271% increase in profits compared to the previous year respectively.  At the ZCCM-IH Group level, the recorded profit was  on account  of:… Read More Here
Top miners adopt ESG and transparency reporting framework 4 Environment Social Governance (ESG) International 

Top miners adopt ESG and transparency reporting framework

arnbethnic
Mining Shared Value, a non-profit initiative of Engineers Without Borders Canada, has announced that twelve mining companies have now adopted the Mining Local Procurement Reporting Mechanism (LPRM), to report on a total of thirty-four mine sites across nineteen countries. The LPRM is a publicly available framework of twenty-two disclosures, developed by MSV and commissioned by the German development agency GIZ, with support from Germany’s Federal Ministry for Economic Cooperation and Development (BMZ). Growing use of the reporting framework is happening amidst increased focus on local sourcing and supply chain due diligence in… Read More Here
Tin must tame its wildness to meet coming demand surge 5 Tin Battery Metals International 

Tin must tame its wildness to meet coming demand surge

arnbethnic
The world is going to need another 50,000 tonnes of tin per year by 2030 to meet a looming surge in demand, according to the International Tin Association (ITA). Tin is an often overlooked critical mineral, commonly associated with the humble tin can, even though packaging today accounts for only 12% of global usage. Almost half the tin consumed every year is now used as a solder in circuit boards. The faster the world moves towards the internet-of-things, the more tin will be needed to glue the expanding metaverse together.… Read More Here
AVZ Launches Legal Action to Affirm Interests in the Manono Project 6 Battery Metals Lithium Mining in DRC 

AVZ Launches Legal Action to Affirm Interests in the Manono Project

arnbethnic
AVZ Minerals Limited through its wholly owned subsidiary AVZ International Pty Ltd (AVZI), on 1 December 2022 filed the first of two International Chamber of Commerce (ICC) arbitrations against Dathomir Mining Resources SARL (Dathomir) (First Dathomir Arbitration) and expects to file the second arbitration shortly (Second Dathomir Arbitration) (together the Dathomir Arbitrations). The purpose of the Dathomir Arbitrations is to seek a declaration affirming AVZI’s legal title to the 15% stake in the Manono Project acquired under the validly executed and completed sale and purchase agreements with Dathomir, there being… Read More Here
Glencore expects copper shortage amid demand for energy transition 7 International Copper 

Glencore expects copper shortage amid demand for energy transition

arnbethnic
The boss of Glencore, the Swiss commodities trading giant, expects a shortage of copper in the face of demand for renewable energy equipment and the rise of electric vehicles.  Gary Nagle, who took over the group’s orders last year, expects a deficit of more than 50 million tonnes for copper worldwide over the next eight years, he predicted on Tuesday during a a conference for investors, due to the explosion in demand linked to the energy transition.  To fill the gap, the group based in Baar, in the Swiss canton… Read More Here
Market: gold and silver up this week from December 5 to 10, 2022 (Mercuriales) 8 Silver Ore Gold International 

Market: gold and silver up this week from December 5 to 10, 2022 (Mercuriales)

arnbethnic
The main mining export products of the Democratic Republic of the Congo are on the rise this week from December 5 to 10, 2022, according to estimates by experts from the National Mercurial Commission of the Ministry of Foreign Trade. Gold is trading higher this week at $56.69 per gram from $56.50 per gram last week, a positive price differential of $0.10. Silver is also up this week at $0.69 per gram from $0.68 per gram last week, up $0.01. The other product on the rise this week is copper,… Read More Here
“Battery-grade” lithium trades at nearly USD 85,000 per tonne 9 Battery Metals International 

“Battery-grade” lithium trades at nearly USD 85,000 per tonne

arnbethnic
Healthy demand from battery makers and shortages have propelled lithium prices to record highs, but increased supply and the removal of subsidies for electric vehicles by China mean a pullback is to be expected. Battery-grade lithium prices trading near $85,000 per ton are more than double the levels seen in early 2022 and four times the levels seen in September 2021. China, which bought one in every two electric vehicles sold last year, is expected to remain the number one country for electric vehicle sales for many years to come. But… Read More Here
Good governance of FOMIN can promote the mobilization of revenues up to 100 million USD per year, for future generations - Gérard Ntambwe 10 Mining in DRC Mining Policy 

Good governance of FOMIN can promote the mobilization of revenues up to 100 million USD per year, for future generations – Gérard Ntambwe

arnbethnic
The Mining Funds for Future Generations (FOMIN) was among the topics discussed during the second day of the “mines and hydrocarbons week” organized by civil society, grouped within a synergy of action for the protection, monitoring and citizen control of the natural resources of the Democratic Republic of Congo. Gérard Ntambwe, expert and consultant in natural resources, explained to members of civil society the importance of this fund set up by the legislator of the revised mining code in 2018. “Mineral resources are exhaustible and non-renewable. It is for this… Read More Here

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