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Rongxing Tailing Dam Tailings Mine Safety Mining in Zambia 

Rongxing tailing dam collapse poisons a stream in Zambia

arnbethnic
On Thursday, a tailing dam at Rongxing Investment Limited collapsed, spilling suspected acidic content into the Luela stream in Chambishi. The effluent killed different fish species and also caused damage to crops around the water body. A variety of vegetables cultivated along the stream wilted while others were covered in mud. The spillage happened at Rongxing Investment Limited, a copper processing company located on the Kitwe-Mufulira road. The Luela stream feeds into the Mwambashi stream, which is one of the tributaries of the Kafue River. As a result of the… Read More Here
Kamoa Copper Mining in DRC New Mining Projects 

Kamoa Discovery Team Ivanhoe | DRC

arnbethnic
Key initial projections from the Kakula 2020 DFS The study evaluates the development of a stage one, 6-Mtpa underground mine and surface processing complex at the Kakula Deposit of 7.6 Mtpa, built in two modules of 3.8 Mtpa, with the first already under advanced construction. The first module of 3.8 Mtpa commences production in Q3 2021, and the second in Q1 2023. The life-of-mine production scenario provides for 110 million tonnes to be mined at an average grade of 5.22% copper, producing 8.5 million tonnes of high-grade copper concentrate, containing… Read More Here
Fitch-Rating Mining in Zambia Economy 

Fitch Rates First Quantum Minerals’ New Notes Final ‘B-‘

arnbethnic
Fitch Ratings has assigned Canada-based First Quantum Minerals Ltd’s (FQM; B-/Stable) new 6.875% USD1.5 billion notes due 2027 a final senior unsecured rating of ‘B-‘. The Recovery Rating is ‘RR4’. The notes are senior unsecured obligations of FQM, and rank pari passu with and benefit from the same guarantor group (representing around 38% of consolidated EBITDA) as the existing notes. Fitch notes that senior secured bank debt and the streaming agreement linked to Cobra Panama rank ahead of the senior unsecured bonds. The proceeds from the notes will be used… Read More Here
Mine workers Mining in Zambia 

Over 2,500 Former Contract Workers Paid by Mopani

arnbethnic
Mopani Copper Mines has revealed that over 2,500 former contract workers have so far been verified and paid their ex gratia payments. Following the resumption of operations in May 2020, Mopani Copper Mines Plc had stated that it would make ex gratia payments to eligible former employees of mining contractors. “Mopani Copper Mines Plc can confirm that almost all verifications have been completed and the exercise to pay ex gratia payments to eligible former mining contractor employees is nearing the end. The 3rd and final payment will be made within… Read More Here
CEC Power Energy Mining in DRC Mining in Zambia 

CEC’s sales volumes in the DRC market up 25% – Silavwe

arnbethnic
Copperbelt Energy Corporation Plc (CEC) has disclosed that it has continued to grow its business in the Democratic Republic of Congo (DRC), resulting in a 25 percent sales volume boost in 2019 despite increased pressure on its margins. Reviewing the Company’s performance last year in the company’s much-delayed 2019 annual report, managing director Owen Silavwe stated that CEC’s business in the DRC market had continued to grow each year, as the Company delivers on meeting the increasing power demand of mining customers in that country. “Our business in the DRC… Read More Here
Donald Trump Covid-19 International 

Donald Trump and Melania Tests Positive for COVID-19

arnbethnic
President Donald Trump has tested positive for the coronavirus, a stunning development that came hours after he confirmed one of his longest-serving aides with whom he had recently traveled also received a positive test result. The revelation had implications for the president’s health, the administration’s response to the pandemic and also the Nov. 3 election, during which Trump has leaned on states to reopen and has claimed that the nation is “turning the corner” on the virus. “Tonight, @FLOTUS and I tested positive for COVID-19,” Trump tweeted early Friday morning. “We… Read More Here
Kamoto Copper Mine Mining in DRC Copper 

Kamoto Copper Company (KCC) to produce 270,000 tonnes of copper this year

arnbethnic
Mark Davis, Chief Executive Officer / Executive Director of Katanga Mining Ltd, a subsidiary of Glencore, was received by Sylvestre Ilunga Ilunkamba on Tuesday. The two men took stock of the activities of this mining company in the DRC. He also presented promising prospects for his company in the coming days. “We are happy with our operations in the DRC, (Kamoto Copper Company) KCC is reaching its maximum production and we are very proud of it. Mutanda Mining, which is still in the maintenance and maintenance phase, is studying the different ways in… Read More Here
Carilu Cement 1 Mining in DRC Cement 

The new Chinese company “Carilu” will produce up to 1,500 tons of cement per day | DRC

arnbethnic
The National Minister of Industry, Julien Paluku Kahongya, officially launched the commencement of cement production by the company “Carilu” earlier this month in Kolwezi, capital of Lualaba, . This took place in the presence of Richard Muyej, governor of the province. Julien Paluku explained that this company will decrease the unemployment rate in this part of the country since it will hire at least 1000 employees. “The production of cement, on site in Kolwezi, demonstrates the concern that the Head of State, Félix Antoine Tshisekedi, to fight against unemployment because,… Read More Here
The DRC posted a trade surplus of 1.689 billion USD at the end of August 2020, but down 7.07% compared to 2019 1 Mining in DRC Economy 

The DRC posted a trade surplus of 1.689 billion USD at the end of August 2020, but down 7.07% compared to 2019

arnbethnic
The DRC’s exports are valued at USD 7 billion 205.27 million against imports of USD 5 billion 515.79 million, showing a positive trade balance of around USD 1 billion 689.48 million at the end of August 2020, according to data from the Central Bank of Congo. The trade balance for the first 8 months of the year 2020 is down 7.07% compared to the same period in 2019 which was 1 billion 818.07 billion USD. The Central Bank explains this drop in the trade balance by the implementation of containment… Read More Here
Planner Mining Careers Mining in DRC 

Planner | Mining Careers at MMG, Kinsevere, DRC

arnbethnic
Job no: 498392 | Work type: Full time | Location: Kinsevere mineApplications close: 24 Sep 2020 Apply now  About us MMG Limited is a publicly traded, international base metals mining company recognized as a leading producer of copper and zinc. As one of the DRC’s top employers, MMG’s Kinsevere mine strives to create an inclusive culture by bringing together people from diverse backgrounds and backgrounds. We recognize everyone’s unique value in being able to contribute to the advancement of our business and the communities in which we operate. Job information We are looking for an experienced… Read More Here

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