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Re-opening of Mufumbwe’s Kalengwa copper mine still undecided 1 New Mining Projects Copper Mining in Zambia 

Re-opening of Mufumbwe’s Kalengwa copper mine still undecided

arnbethnic
Expansion of Zambia’s total annual copper production remains a challenge as the re-opening date of Mufumbwe’s Kalengwa mine which is believed to have the highest copper ore grades in Zambia remains undecided. North-Western Province Permanent Secretary – PS disclosed that he is yet to meet Moxico Resources Zambia (MRZ), a company which has taken over the running of Kalengwa mine in Mufumbwe District as to be able to determine the reopening  date of Kalengwa copper mine. Speaking in an exclusive interview, the North-Western Province PS Grandson Katambi said the new… Read More Here
Godfrey Msiska Retires after 15 years at Kansanshi 2 Mining Personality Mining in Zambia 

Godfrey Msiska Retires after 15 years at Kansanshi

arnbethnic
SOLWEZI, ZAMBIA – In the African context, it is always a hard moment to witness the last days of a close friend or workmate retiring from active work. After a period of 15 years, Godfrey Msiska, the former Kansanshi Mine ‘image creator’ retired at the end of July 2022.Msiska’s career began on 13th July, 2007 at Kansanshi Mine, where he served as the first Public Relations Manager after leaving the banking sector where he had worked for 32 years, culminating in his last position as Chief Executive Officer of New Capital Bank… Read More Here
FQM's Enterprise Nickel Mine to provide transparent supplier opportunities for goods and services 3 Mining in Zambia Environment Social Governance (ESG) Nickel 

FQM’s Enterprise Nickel Mine to provide transparent supplier opportunities for goods and services

arnbethnic
Following the commissioning of the Enterprise Nickel Mine which will position Zambia among the top 10 producers of nickel in the world, and the number one producer of the metal on the continent, FQM Trident Ltd will employ 700 direct employees and provide supplier opportunities for goods and services to be undertaken through transparent contract offers. FQM Trident Ltd has since identified one such project which is to construct a bridge along the main road leading to the Enterprise Nickel Mine. The bridge is meant to protect pipes that have… Read More Here
Orion chief says copper market is heading for a big rebound 4 International Copper 

Orion chief says copper market is heading for a big rebound

arnbethnic
BANKING on a rebound in the copper price while developing several mineral deposits isn’t for the faint of heart. When the price of the metal slid by up to 20% over the past three months – amid a broader softness in commodity markets – Orion Minerals adapted its strategy to develop its Prieska mine. “The fundamentals are still in place,” says Orion Minerals CEO Errol Smart. He expects a big rebound in the copper market due to supply-side constraints. Despite tight supply, demand for copper from the renewable energy… Read More Here
Some councils in Zambia have confirmed failure to collect levies from big mining companies 5 Mining in Zambia Economy Governance 

Some councils in Zambia have confirmed failure to collect levies from big mining companies

arnbethnic
Despite copper prices and other minerals mined enjoying excellent international prices and Zambia having over eight (8) large scale copper mines, local authorities mostly known as councils have reported having serious challenges collecting land rates and other levies from mining companies. Most council officials and contacts spoken to by the Zambian Business Times – ZBT have indicated that compliance levels from mining companies are too low, and when the councils push for collections, there is heavy political interference from senior government officials and politicians which make it impossible to collect… Read More Here
Codelco turns to AI to squeeze out more copper from aging mines 6 International 

Codelco turns to AI to squeeze out more copper from aging mines

arnbethnic
Codelco is using artificial intelligence to squeeze out more copper from its aging Chilean mines as suppliers of the metal look to boost efficiencies amid a dearth of new deposits and growing demand. Battling falling grades, rising costs and growing environmental scrutiny, Codelco introduced a digital data center in 2020 that uses machine learning. The platform is adding about 8,000 metric tons at its century-old Chuquicamata mine, or $80 million in annual profit, the state-owned company said in a statement. The machine learning systems use a stream of data on… Read More Here
Glencore cuts off Chinese trader caught up in missing copper scandal 7 International 

Glencore cuts off Chinese trader caught up in missing copper scandal

arnbethnic
Copper warehouse. (Stock image) Global commodity traders including Glencore (LON: GLEN) and IXM have halted shipments to Chinese metals merchant Huludao Ruisheng after nearly half a billion dollars’ worth of copper went “missing” at a storage site in the country’s north. Thirteen Chinese trading companies —12 of which are state-owned — were financing the storage site in Qinhuangdao, which was found to hold only one-third of the 300,000 tonnes of copper concentrate. The firms are facing potential losses of as much as 3.3 billion yuan ($490 million) from the missing concentrate and… Read More Here
Indonesia revokes thousands of mining permits covering over 3 million hectares 8 International 

Indonesia revokes thousands of mining permits covering over 3 million hectares

arnbethnic
Indonesia’s investment minister said more than 2,000 mining permits for various minerals have been revoked amid efforts to tighten the sector’s governance and plan for land redistribution. The ministry has revoked 2,065 permits covering more than 3.1 million hectares (7.66 million acres) of land across the country, Investment Minister Bahlil Lahadalia told reporters on Friday. President Joko Widodo in January ordered thousands of mining, plantation and forest-use permits to be revoked due to non-compliance or because they had not been used. Of the total number of permits that have been… Read More Here
Tin falls to 24,850 USD per ton on the international market 9 Tin Mining in DRC 

Tin falls to 24,850 USD per ton on the international market

arnbethnic
Like the mining products exported from the Democratic Republic of Congo to the international market, tin has been struggling to make good health for nearly two months already. On the stock market, the price per ton of tin fell to 24,850.00 US dollars this Friday, August 12, 2022. In the latest report published by the National Mercurial Commission, experts from the Ministry of Foreign Trade instead indicated that the ton of tin should trade at 25,533.75 USD this week against 25,200.00 USD last week, i.e. a price increase of around… Read More Here
DRC: US ​​encourages government to review certain mining contracts 10 Mining in DRC Governance Mining Policy 

DRC: US ​​encourages government to review certain mining contracts

arnbethnic
The United States has its sights set on Congolese mines. World power, the country of Joe Biden is aware of the place occupied by the DRC in world geopolitics. In 2019 alone, the DRC provided 71% of the world’s cobalt production (100,000 tons out of 140,000). This ore is essential for the manufacture of batteries for smartphones or electric cars. The Congolese extractive sector contributes over 70% of export earnings and is the main driver of the country’s economic growth. The country is dependent on China, which buys around 58% of its exports, if we… Read More Here

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