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Jubilee Metals Mining in Zambia New Mining Projects 

Jubilee Metals signs agreement to expand operations in Zambia

arnbethnic
Jubilee Metals Group has announced that in line with its stated strategy to expand operations in Zambia, it has signed a Joint Venture Agreement with a private Zambian company securing the right to process 2 Mt copper Run-Of-Mine material containing in excess of 2% copper.   Under the JV Agreement, there is a further potential to increase the supply of copper ore to approximately 4 million tonnes with an additional 2.5 Mt of copper-containing tailings available for processing. The Project will target the near-term production of copper concentrate through a dedicated… Read More Here
repatriated USD Mining in DRC Economy 

DRC Miners repatriated USD 8.081 billion between June 2018 and July 2020, which is 64.31% of export earnings

arnbethnic
  The Secretary General of Mines, Yombo Y’Apeke, in a correspondence dated August 3, 2020 and addressed to the Minister of Mines, revealed that the mining operators have repatriated to the Democratic Republic of the Congo 8 billion 81 million 836,524.5 USD on the revenues of ‘exports valued at USD 12 billion 567 million 204,218.31 during the period from July 2018 to June 2020, i.e. an estimated repatriation rate of 64.31%. Here is in detail the breakdown of export earnings and repatriation operated by mining companies in the DRC between… Read More Here
industrialization Mining in DRC Economy 

A Master Plan of industrialization of the DRC launched

arnbethnic
The Minister of Industry, Julien Paluku, proceeded to launch the project of developing the Master Plan of industrialization of the DRC in Kinshasa on thursday. This tool based on 3 axes, produced by the research firm Congo Challenge, aims to materialize the national policy and industrial strategies of the DRC. According to Julien Paluku, the main aim of this master plan is to make the DRC an economic and industrial pool in order to establish itself as a brand in Africa. “This master plan is a tool for implementing our… Read More Here
economic operators Mining in DRC Covid-19 Economy 

Albert Yuma submits the problems faced by economic operators to Félix Tshisekedi | DRC

arnbethnic
The Head of State, Félix Tshisekedi, exchanged, on Thursday, August 6 at the City of the African Union, with a delegation from the Federation of Enterprises of Congo (FEC) led by its president, Albert Yuma Mulimbi.  According to the president of the FEC, his delegation had an “important and long” meeting with the Head of State on the relations between the Congolese employers and the Congolese state represented by the President of the Democratic Republic of Congo. He said, “The meeting aimed at seeing how best to improve private and… Read More Here
Booyco Mining safety Innovation Mining technology 

BOOYCO CONTINUES TECHNOLOGY DRIVE DESPITE COVID-19

arnbethnic
While the Covid-19 lockdown has forced many companies serving the mining sector to downscale, Booyco Electronics is continuing to apply and develop its technologies for safer, more productive mining operations.  With its nationwide team of some 180 field technicians serving opencast and underground mines – by far the largest footprint among players in this field – the proximity detection specialist has remained hard at work. While supporting those coal mines that worked through Level 5 and Level 4, the company has also been assisting customers to ramp up to full… Read More Here
Australia Covid-19 Corporate social responsibility Mining in DRC Mining in Zambia 

Australian companies, Leading the pack on ESG (Environmental, Social & Governance) issues in Africa

arnbethnic
Over the past few months, despite witnessing strained supply chains, some government-mandated shutdowns and huge reduction in international travel, Australian metals and minerals companies operating in Africa have largely escaped the immediate impact of the COVID-19 crisis.  And while financial markets have largely bounced back and the reintroduction of international travel will restore both supply chains and the movement of workers, what will stay in place long after the pandemic is eradicated is a shift in global business culture. The crisis has in many ways highlighted that the world has… Read More Here
Maxam Explosives Innovation International Mining technology 

MAXAM releases blasting service, X-Energy

arnbethnic
With an eye on customers’ total cost of ownership in a mine cycle that is becoming fully digitised, MAXAM has introduced its blasting service X-Energy. Maxam’s X-Energy was released in late July 2020 The company, which released X-Energy last week, said the explosives technology can integrate selective energy applications in mining, infrastructure operations and quarrying.    “The novel explosives technology Smart Rioflex and the complementary digital capabilities integrated in MAXAM Blast Center are the cornerstones of this new offering,” the company noted. “It combines … advanced explosives technology (Smart Rioflex) and a set… Read More Here
Glencore CEO Mining in DRC International Mining in Zambia 

Glencore posts a $2.6 billion loss and scraps dividend

arnbethnic
Miner and commodities trader giant Glencore (LON: GLEN) posted a $2.6 billion loss for the first half of the year and scrapped its dividend, as the coronavirus pandemic dented global demand and lowered prices and production at its mining division.  Despite the virus impact, the Swiss firm managed to remain profitable on an operating basis. Glencore posted $1.5 billion in adjusted earnings before interest and taxes, but booked $3.2 million in impairment charges. The company said it was putting balance sheet strength ahead of shareholder returns, as net debt climbed 12% to… Read More Here
Metso Mining technology Innovation International 

Metso Outotec buys Davies Wear Plate

arnbethnic
Metso Outotec has added a fastener and wear plate monitoring technology capability through its acquisition of Australian company Davies Wear Plate for an undisclosed sum.   The acquired technology includes fasteners with a locking mechanism that does not require traditional studs and nuts, making for faster, safer maintenance work. The fasteners are also set flush with the wear plate, making them less susceptible to wear. There is also a wear monitoring technology in the Davies suite that provides a real-time forecast of wear and expected liner change-out timing. Davies also supplies… Read More Here
Tailings Mining safety 

UNEP launches new global industry standard for safe tailings management

arnbethnic
 The United Nations Environment Program (UNEP) has just issued, on Wednesday August 5, 2020, the first standard on the safe management of tailings in the mining sector applicable to all existing and future installations, regardless of their location and of their operator, reports un.org.    This standard was developed through an independent review process (Global Tailings Review (GTR), following the tragic collapse of the Brumadinho tailings facility in Brazil, which resulted in the deaths of at least 250 people in January 2019.  “The global industrial standard on tailings management is… Read More Here

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