arnbethnic - Copperbelt Katanga Mining

Written by arnbethnic

Willy Kitobo says, putting copper on the list of strategic minerals is a mistake – DRC

January 23, 2022January 23, 2022 arnbethnic

In his communication at the 37th meeting of the Council of Ministers, the Head of State Félix Tshisekedi returned to the need to accelerate the implementation of initiatives to develop the strategic mineral resources of the Democratic Republic of Congo. Faced with the global demand for our natural resources at the heart of the challenges of ecological transition, the Democratic Republic of Congo must develop a more equitable remuneration model and negotiate compensation proportional to what it offers. For the President of the Republic, this calls for a redefinition of… Read More Here

Mining in DRC Gold

Kibali Gold produced a total of 812.152 ounces at the upper end of 2021 targets

January 23, 2022January 23, 2022 arnbethnic

A total of 812,152 ounces have been produced by the Kibali gold mine, within the upper range of 2021 targets, and appears set to increase its mineral reserves after depletion for the third consecutive year, maintaining its mine life of over 10 years as one of Barrick’s Tier 1 assets . During his 44th press briefing held on Friday January 21 in Kinshasa, Mark Bristow, Chairman and CEO of Barrick, noted that this performance, which has continued to strengthen throughout the year, was achieved without that there are no lost time accidents… Read More Here

Governance Mining in DRC

Félix Tshisekedi calls on the government to redefine the strategic mineral supply chain

January 23, 2022January 23, 2022 arnbethnic

Faced with the global demand for minerals at the heart of the challenges of ecological transition, the President of the Republic Félix Tshisekedi, during the 37th meeting of the Council of Ministers, called for a redefinition of the supply chain of lithium, cobalt, coltan to which it is appropriate to add copper because of their worldwide demand with regard to their industrial application. To this end, Tshisekedi instructed, under the coordination of the Prime Minister, the Minister of Mines and all the government structures involved to present within a fortnight… Read More Here

Mining in DRC

Shamitumba announces legal action against Kalonji SARL for illegal exploitation of minerals in its concession

January 23, 2022January 23, 2022 arnbethnic

The Shamitumba company, in the town of Likasi (Haut-Katanga), takes issue with the allegations of mistreatment it allegedly inflicted on artisanal miners in its concession. During a lively press conference in Lubumbashi, Shamitumba explains that it is not a question of artisanal miners but rather of a vast network of spoliators which constitutes a violation of article 300 of the Mining Code in force. in the DRC which disposes of the theft and concealment of mineral substances. As proof, the company claims to have seized in its concession trucks, shovels and… Read More Here

Mining in DRC Energy Petroleum

DRC is revising the price structure of petroleum products in the South and East zones

January 23, 2022January 23, 2022 arnbethnic

The question of the shortage of petroleum products in the South and East zones was the subject of discussions, on Wednesday January 19, 2022, between the Minister of the National Economy and that of Hydrocarbons. In the light of these exchanges, the two members of the Sama Lukonde Government did not rule out a possible update of the price structure of petroleum products in these two zones considered by the end of this week. Having taken into account the measure of the current overheating, the two Ministers who are trying… Read More Here

International Gold

Barrick Gold estimates set the price of an ounce of gold above 1700 USD in 2022

January 23, 2022January 23, 2022 arnbethnic

According to Mark Bristow, Gold should trade between 1750 US dollars and just over 1800 USD per ounce in 2022. A declaration made in Riyadh, on the sidelines of the first major mining conference in Saudi Arabia. The boss of Barrick Gold believes that the risks of falling gold prices in 2022 are lower. “I don’t think there’s a lot of downside risk,” he explained. Meanwhile, other analysts see gold falling considerably this year, in particular because of the increase in the key rate of the American Federal Reserve, which would… Read More Here

Gold Mining in DRC

40.6 million USD invested in subcontracting, Kibali multiplies its positive impact on local economies in DRC

January 23, 2022January 23, 2022 arnbethnic

A total of 40.6 million US dollars invested by Kibali Gold Mines in the fourth quarter of 2021 with local contractors and suppliers (subcontracting). Which refers to 2.1 billion USD that this mining company has invested from its beginnings until 2021 for its subcontractors, in 12 years. These revelations are made by Mark Bristow, Chairman and CEO of Barrick during a press conference held on Friday January 21, 2022 at the Memling. Indeed, 380 subcontractors have benefited from the presence of Kibali since its beginnings in the province of Haut-Uélé. With… Read More Here

Mining in DRC Cobalt

The price of a tonne of Cobalt registers a positive difference of 233 USD this week – DRC

January 23, 2022January 23, 2022 arnbethnic

The price per ton of Cobalt is expected to rise on the international mining products market during the week of January 17 to 21, 2021. If the projections of experts from the National Mercurial Commission of the Ministry of Foreign Trade show a downward trend for most mining products exported from the Democratic Republic of Congo,Cobalt is an exception this week. This strategic mineral is expected to trade at USD 69,921.00 this week against USD 69,688.00 the previous week, a positive deviation of USD 233. During the same period, Tin… Read More Here

Mining in DRC Gold

Kibali produced more than 800,000 ounces of gold in 2021 in DRC, -CEO Mark Bristow

January 23, 2022January 23, 2022 arnbethnic

In 2021, a year still dominated by the adverse effects of Covid-19, Kibali Gold Mine produced 812,152 ounces of gold. Production well below annual forecasts. According to Mark Bristow, Chairman and CEO of Barrick, this range is higher than the 2021 objectives.He said so during a press conference held this Friday, January 21, 2022. On this occasion, Mr. Barrick returned to the other highlights that marked Kibali Gold Mines during the 2021 financial year. First : on the investment side, dividends of $179 million were paid to shareholders in the fourth quarter.Along… Read More Here