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Tshisekedi Mining in DRC Economy 

Félix Tshisekedi asks the government to renegotiate the return of the DRC to AGOA

arnbethnic
The President of the Republic, Felix Tshisekedi, asked, during the 42nd meeting of the Council of Ministers held on Friday July 31 by video conference, the government to prepare a “detailed report” to be sent to the United States of America for the return of the Democratic Republic of the Congo to AGOA, the acronym for African Growth and Opportunity Act or Law on Growth and Opportunities in Africa.   For the Head of State, “the DRC has taken measures which constitute positive responses to the requests of the United States and… Read More Here
Rhinos B2Gold Corporate social responsibility 

B2Gold’s special gold bar to save Namibian rhinos

arnbethnic
B2Gold (TSX: BTO) launched a campaign to help support the conservation and protection of critically endangered black rhinos. In a press release, the Canadian miner said that the Namibian Rhino Gold Bar initiative will support community-based rangers and trackers who protect rhinos in an area of 25,000 square kilometres with no national park status in the southern African country.  Through the campaign, B2Gold plans to donate 1,000 ounces of gold valued at approximately $1.9 million from its Otjikoto Mine in north-central Namibia. THERE ARE FEWER THAN 5,630 BLACK RHINOS LEFT… Read More Here
Glencore Offices Mopani Cobalt Copper Mining in DRC Mining in Zambia 

Glencore copper production drops 11%, cobalt by a third

arnbethnic
Glencore Plc (LON: GLEN) said trading profit will be at the top end of its target this year but posted lower production figures for its first half. The company had nearly $1 billion in earnings before interest and taxes in oil trading in the first six months of 2020, similar to what it made in the full year 2019, Bloomberg reported last week. In March and April, as oil prices plunged, traders were able to buy and store huge amounts of cheap crude before selling it later at higher prices. Glencore has set… Read More Here
AngloGold CEO Mining Personality Gold 

AngloGold CEO asked to leave after fund pressure

arnbethnic
AngloGold Ashanti Ltd.’s chief executive officer was pushed to leave after shareholders asked for further investigations into a bonus payment by his former employer that he didn’t initially disclose, according to people familiar with the matter.  The mining company announced on Thursday that Kelvin Dushnisky would step down after only two years. That followed a demand from a major shareholder, South Africa’s Public Investment Corp., for an independent probe into a payment of $926,000 from Barrick Gold Corp., according to the people, who asked not to be identified as the details aren’t… Read More Here
S&P Global rates DR Congo at CCC+, lowers outlook to stable 2 Mining in DRC Economy 

S&P Global rates DR Congo at CCC+, lowers outlook to stable

arnbethnic
S&P Global Ratings held Democratic Republic of Congo’s long-term foreign-currency debt rating at CCC+ and lowered its outlook to stable from positive amid the fallout from the coronavirus pandemic. Emergency foreign assistance should help balance out the worst effects of the virus on Congo’s economy, which could rebound if copper and cobalt demand and production increase as expected, the ratings agency said on its website. The planned opening of Ivanhoe Mines’ Kamoa-Kakula copper project next year should buoy Congo’s economy. “DRC’s economic environment has significantly deteriorated, due largely to Covid-19,… Read More Here
Gold Gold Diamond Mining in DRC 

The ounce of gold hits a record high of US $ 1,930.48 on Monday July 27

arnbethnic
 Several exchanges announce that an ounce of gold reached the bar of 1,930.48 USD on Monday July 27th on the market, thus beating the historic level of September 2011 when the yellow metal was trading at 1,921.18 USD.  One ounce of gold corresponds to a weight of 31.103 g of gold. It takes precisely 32.15 ounces of gold to get one kilogram of gold. And so at a price of $ 1,930.48 per ounce of gold, 1 Kg of gold is going to be worth around $ 62,064. For many observers, gold remains… Read More Here
illegal Mining in DRC 

MIBA recorded an increase in illegal miners, following unemployment caused by the state of emergency | DRC

arnbethnic
The leaders of MIBA (Minière de Bakwanga) had eight diamond pits maintained by clandestine diggers backfilled last week in Mbuji-Mayi, in strategic places where the mining reserves are held in the concession of the private area of MIBA, reports the ACP. Decided by the senior management of the company, this backfilling operation is part of the fight against the recurring circulation of illegal diggers, generally sponsored by a few economic operators in the sector, with the complicity of certain officials, according to the same source. According to the leaders of… Read More Here
Copper Covid-19 Covid-19 Economy Mining in DRC 

Mining production unaffected by the COVID-19, reassures the Minister of Mines | DRC

arnbethnic
During the economic meeting held on Tuesday July 28, 2020, the Prime Minister, Sylvestre Ilunga Ilunkamba, the Minister of Mines, Willy Kitobo, revealed that “mining production has not been affected by the COVID-19 pandemic “. Moreover, the prices of metals are doing well on the international market. “In the mining sector, the responsible Minister reassured the members of the Economic Conjuncture Committee that mining production was not affected by the COVID-19 pandemic, and metal prices are doing well on the international market . The Ilunkamba Government congratulates and encourages mining… Read More Here
chamber of mines Economy Mining in Zambia 

Chamber of Mines paves the way for a post-COVID economic recovery in new report | Zambia

arnbethnic
How will Zambia’s already weakened economy survive the mounting fiscal pressures of COVID-19? The Zambia Chamber of Mines’ brand new report, The Road to Recovery: A policy brief for a post-COVID Zambian economy, offers a narrow pathway to redemption which, if carefully followed, will set Zambia on the road to economic recovery and — crucially — on a growth footing for the future. Download your free copy of this eye-opening report here. (2MB low resolution download.) Read More Here
Letting copper count Mining in Zambia Copper 

Making copper count in Zambia

arnbethnic
Kansanshi’s new women-run jewellery workshop adds value to local minerals while improving lives ‘Value addition’ is a longstanding aspiration within Zambia’s mining sector that isn’t always straightforward to implement. Kansanshi Mining Plc’s Corporate Social Responsibility Manager, Bruce Lewis, came up with an idea for adding value to Zambia’s copper several years ago and, in May this year — with more and more Zambians feeling the direct effects of COVID-19-related strains on the economy — the company decided to run with it. The result is Solwezi’s very own women-run jewellery workshop,… Read More Here

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