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Ivanhoe updates on DRC’s Kakula copper mine development 1 Copper Mining in DRC 

Ivanhoe updates on DRC’s Kakula copper mine development

Copperbelt Katanga News
Canadian mining company Ivanhoe Mines has reviewed the progress of the underground development of its Kakula copper mine in the Democratic Republic of the Congo (DRC). The Canadian company, together with its partner Zijin Mining, has now completed more than 17 km of underground development, 5.1 km ahead of the original schedule. The Kamoa Copper Project is located in the Kolwezi District, Katanga, Democratic Republic of the Congo. It is a joint venture between Ivanhoe Mines (39.6%), Zijin Mining (39.6%), Crystal River Global (0.8%) and the government of the Democratic… Read More Here
Mining companies likely to spend more on technology due to COVID-19 2 Covid-19 International Mining technology 

Mining companies likely to spend more on technology due to COVID-19

Copperbelt Katanga News
The mining industry has been greatly impacted by the COVID-19 pandemic leading to the suspension of mining activities at a number of properties. Operations at more than 1,600 mines had been suspended globally in April 2020, according to GlobalData, a leading data and analytics provider. COVID-19 has highlighted the need for automation and introduction of new technologies in mining operations to effectively overcome disruptions to operations. Verdict has conducted a poll to assess whether mining companies will increase their technology spend due to the COVID-19 pandemic. Analysis of the results… Read More Here
gold Covid-19 Gold International 

Gold price within sight of $1,800 as virus cases mount

Copperbelt Katanga News
Gold prices remained stable on Monday, approaching their multi-year high reached last week as investors weigh the rise in US coronavirus cases against uncertain signs of economic improvement in some regions. Spot gold rose 0.1% to $ 1,772.53 an ounce at 12:45 p.m. ET, still in sight of $ 1,800 an ounce – a level most recently reached in late 2011. US gold futures remain largely unchanged, trading at $ 1,781 an ounce. “The current surge in coronavirus cases in most parts of the US has given the market momentum… Read More Here
AJN Resources to make Congolese gold investments shine 3 Mining in DRC Gold International 

AJN Resources to make Congolese gold investments shine

Copperbelt Katanga News
Canada-listed junior miner AJN Resources dismissed an attempt to block the company’s plan to buy five gold projects in Democratic Republic of Congo and said the country needed it to bring value to the assets. Civil society groups on Thursday called on the President and Prime Minister to block a draft deal announced in early February, which cabinet meeting minutes showed last week is awaiting their approval. Under the deal, AJN Resources’ Congo unit would acquire stakes of between 30% and 35% in five gold projects in eastern Congo from… Read More Here
DRC to tackle child labor at mines as virus threatens spike 4 Mining in DRC Cobalt Covid-19 Safety & Health 

DRC to tackle child labor at mines as virus threatens spike

Copperbelt Katanga News
Authorities in the southeastern heart of the Democratic Republic of Congo’s mining community are stepping up efforts to combat child labor, as it is feared that the coronavirus pandemic could lead more families to take their children to work in mines. Mining accounts for 32% of Congo’s national output and the economy has been hard hit by the pandemic, which has slowed demand for metals and other raw materials. Congo is Africa’s main producer of copper and the top global source of cobalt, accounting for two-thirds of global supplies of… Read More Here
Digital DRC Mining Week: Power to the mines          5 Mining in DRC New Mining Projects 

Digital DRC Mining Week: Power to the mines         

Copperbelt Katanga News
Last week’s Digital DRC Mining Week, three days of live webinars with the Who-is-Who of Mining in the Democratic Republic of the Congo (DRC), included two special sessions dealing with the electricity needs of the mining sector. The online event from June 17 to 19 was a great success and brought together experts from the Minister of Mines of the Democratic Republic of the Congo, Prof. Willy Kitobo Samsoni, to mining pioneers like Dr. Willem Jacob and Pangea from Barrick Gold and the director of Alphamin, Boris Kamstra, were enough.… Read More Here
barrick Gold bars Gold Copper Mining in Zambia 

Barrick Gold alerts authorities over fake Lumwana mine sale

Copperbelt Katanga News
Barrick Gold have refuted claims circulating on social media in Zambia that the gold mine has sold its lumwana copper mine. The fake press release, dated June 15, claimed Barrick had sold its Zambian copper  mine to Metalinvest Capital Corporation and Zambia’s National Pension Scheme Authority (NAPSA) for $895 million in cash. “We don’t know who’s behind this and we have alerted the relevant securities regulators and law enforcement authorities,” a Barrick spokeswoman told Reuters in a statement. NAPSA – a government-owned pension fund – issued a statement saying it… Read More Here
Tesla Cobalt batteries Cobalt International 

Tesla to buy cobalt from Glencore for EV plants

Copperbelt Katanga News
Tesla Inc sets out to buy cobalt from Glencore. A person familiar with the matter announced that Tesla will buy cobalt from Glencoe Plc, the world’s biggest miner of the metal, as the carmaker looks to avoid a future supply squeeze on the key battery metal. The contract will help Tesla shore up its cobalt supply for new plants in China and Germany, added the person who asked that their identity remain confidential as the issue was private. The opening of Tesla’s so-called gigafactory in China has this year helped… Read More Here
Renewables Mining in DRC Energy 

An increase in renewable energy to help develop DRC mines

Copperbelt Katanga News
The continued introduction of new renewable energy capacities is key to the success of current and future mining projects in the Democratic Republic of the Congo (DRC) panelists said during a session of the DRC Mining Week virtual webinar that was held on June 18. The panel consisted of Raphael Khalifa, CEO of Tembo Power, and the Southern African Independent Power Generator (IPP), and Serge Tshitembu, senior advisor to IPP Geosolar Grid. Both companies have started up renewable energy plants in the Democratic Republic of the Congo. The panellists agreed… Read More Here
Zambia mining revenues drop 30% due to covid-19 6 Covid-19 Mining in Zambia 

Zambia mining revenues drop 30% due to covid-19

Copperbelt Katanga News
Mining companies in Zambia, Africa’s second copper producer, had a 30% drop in sales in the three months to April due to the Covid 19 pandemic, and the fallout could continue for at least 12 months, the mine chamber said Thursday. Severe global movement restrictions have hit mining supply chains and hindered copper exports and sales, the mining industry association said, affecting corporate revenue and the treasury. The metal is Zambia’s most important foreign exchange earner and a key driver of tax revenue. “The decline in mining revenue is reflected… Read More Here

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