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Karma Mining Services Mining in Zambia Gold 

Zambia buys artisanal gold to formalise unregulated mining

Copperbelt Katanga News
Zambia’s mining  investment arm ZCCM-IH has started buying gold from artisanal and small-scale miners in a bid to formalise the unregulated sector whose ranks have swelled worldwide as gold prices soar. Governments across Africa are scrambling to tackle informal mining  of gold, which has significant health and environmental risks and contributes to illicit flows of money, depriving states of revenue when the metal is smuggled across boarders. Ethiopia, for example, runs artisanal gold buying centres which offer a higher price than the going market rate to attract miners away from… Read More Here
Multotec hydrocyclone solution for TSF in Zambia 1 Mining in Zambia Mining technology 

Multotec hydrocyclone solution for TSF in Zambia

Copperbelt Katanga News
A custom hydrocyclone solution from Multotec is allowing a large copper mine in Zambia to develop a safe and cost-effective tailings storage facility (TSF) The TSF faced a number of specific challenges, according to Frikkie Enslin, senior applications engineer responsible for cyclones at Multotec. These challenges include its extensive planned capacity and the area’s flat topography. The mine’s process plant pumps some 10,000m3 per hour of tailings to the TSF, requiring its final circumference to reach about 19km. “The flat area around the mine meant there was no suitable topography to… Read More Here
The best places to mine are still in the developed world – and that’s a problem 2 International 

The best places to mine are still in the developed world – and that’s a problem

Copperbelt Katanga News
The latest list of the top places to invest in mining is dominated by developed countries with long histories of success in the industry, but this probably isn’t a good thing. The Fraser Institute’s annual survey  of mining companies ranked Western Australia state as the most attractive jurisdiction for investment, as it moves up from the number two spot previously, replacing the U.S. state of Nevada, which slipped to third spot. The 2019 survey, showed the placed Finland in second spot, Alaska in fourth and Portugal in fifth. Perhaps the biggest surprise in the… Read More Here
Albert Yuma rails against “tax harassment” and “foreign interference” 3 Mining in DRC Mining tax 

Albert Yuma rails against “tax harassment” and “foreign interference”

Copperbelt Katanga News
A poisonous business environment, gloomy and opaque, fiscal harassment… These were some of the words used by Albert Yuma, the president of the Congo Business Federation (FEC), in his acerbic attack on government policy. He also railed against “foreign interference” in mining issues. “No government should ever promise what it is not sure to deliver. It is a question of credibility and accountability of public action to the governed,” he said. Yuma is currently at the Centre of a judicial investigation opened by the Kinshasa public prosecutor’s office into Gécamines’… Read More Here
Miners Target growing electric vehicle sector 4 International Mining technology 

Miners Target growing electric vehicle sector

Copperbelt Katanga News
Declining discovery rates and the potential for long-term supply gaps of key metals remain important issues facing the mining sector, industry veterans told the Prospectors & Developers Association of Canada convention in Toronto. Ivanhoe Mines Ltd.  Executive co-Chairman and founder Robert Friedland said he doubted the world had enough copper supply to meet demand in the years to come. He predicted that the global economy will increasingly shift to metal-intensive infrastructure, highlighting electric cars. Friedland made the forecasts ahead of an announcement by General Motors Co. , which on Wednesday… Read More Here
DRC Mining Week to Focus on Battery Metals, Finance and Junior Mining 5 Mining in DRC 

DRC Mining Week to Focus on Battery Metals, Finance and Junior Mining

Copperbelt Katanga News
The Honourable Prof Willy Kitobo Samsoni, DRC’s Minister of Mines will address the opening session of this year’s DRC Mining Week exhibition and conference, taking place in Lubumbashi from 17-19 June. This will be the 16th edition of the event, which has grown substantially over the last few years to become the largest mining, construction and energy expo on the Copperbelt. Global mining community starting to take notice of DRC’s potential” “It is clear that the global mining community is taking notice of the enormous potential of the DRC,” says… Read More Here
John Barker appointed as Loncor vice president of Business development 6 International 

John Barker appointed as Loncor vice president of Business development

Copperbelt Katanga News
Loncor Resources Inc. is pleased to announce the appointment of Mr. John Barker as Vice President of Business Development for Loncor. Arnold Kondrat, Chief Executive Officer of Loncor, commented: “We welcome John Barker as Vice President of Business Development for Loncor.  Mr. Barker has over 30 years of global mining experience encompassing many key elements of the mining world, and I look forward to working with him and the team to unlock the potential evident in the Ngayu gold belt.” Mr. Barker has 15 years’ experience as a leading mining… Read More Here
Russia set to overtake China as biggest gold producer from 2029 7 Gold International 

Russia set to overtake China as biggest gold producer from 2029

Copperbelt Katanga News
Research agency Fitch Solutions says global gold mine production growth is set to rebound in the coming years, owing to higher prices and mergers between major mining firms. The agency forecasts global gold production to increase from 107-million ounces this year to 132-million ounces by 2029, averaging a yearly growth rate of 2.4%. This compares with the average growth rate of 0.5% between 2016 and 2018. Fitch further says it is likely that Russia will surpass China as the world’s largest gold miner by 2029. “We expect Russian gold production… Read More Here
Copper Emeralds Mining in DRC 

Can Congo Become the World’s Top Producer of Copper Again?

Copperbelt Katanga News
Robert Friedland, founder and chairman of Canada-based mining firm Ivanhoe Mines, wants to make the Democratic Republic of Congo, or DRC, the biggest producer of copper in the world in connection with the rising demand from the electric vehicle industry and other sectors. (Chile is currently the biggest copper producer in the world). Copper production in the DRC rose by 17% year-on-year to 1.433 million tons in 2019. Friedland said his company is building “three of the best mines in the world” through its Kamoa-Kakula copper project in the DRC, and added… Read More Here
Gem diamonds Diamond 

Coronavirus hits DeBeers sales

Copperbelt Katanga News
Just when the diamond market was beginning to show signs of recovery, De Beers, the world’s largest producer by value, revealed that the outbreak of the Covid-19 coronavirus had affected its sale of roughs in February, which dropped by 36% from January. The company sold $355 million of rough diamonds in the second cycle of the year compared with $551 million for the first cycle of the year, as it deferred allocations due to the virus impact on Chinese focused customers. The figure was 28% lower than sales in the same… Read More Here

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