Emeralds - Copperbelt Katanga Mining

Gemfields upgrades security amid human rights concerns

April 29, 2020April 30, 2020 arnbethnic

Gemfields is stepping up efforts to increase transparency and ensure security and human rights are protected at its operations. The company, which owns the luxury Fabergé jewellery brand, is the world’s biggest coloured gems producer, mining emeralds and rubies in Zambia and Mozambique, announced Monday that it is the only gemstone company to be recognized as a corporate member by Voluntary Principles on Security and Human Rights (VPSHR). Jack Cunningham (left), Head of Sustainability at Gemfields engaging with community at its operations. (Image provided by Gemfields) Gemfields is stepping up efforts to increase… Read More Here

Mining in Zambia Emeralds Gemstones

Kagem Emerald Mine Lockdown Due to COVID-19

March 31, 2020March 31, 2020 Copperbelt Katanga News

Kagem Mining has stopped operations at its emerald mine in Lufwanyama to protect employees during the coronavirus pandemic. “The wellbeing of Kagem’s employees and communities is our top priority. As a result, all but critical operations at the Kagem Emerald Mine have been suspended for a maximum of one month from March 30, 2020, ”said Dr. Sixtus Mulenga, Board Chairman of Kagem. Almost 1,000 people work at Kagem, which is operated by Gemfields in collaboration with the Zambian government through the Industrial Development Corporation, which owns 25% of the business.… Read More Here

Emeralds Mining in DRC

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

March 5, 2020March 5, 2020 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

Cobalt Emeralds Mining in DRC

Red Rock excited about second – phase DRC exploration

February 28, 2020February 28, 2020 Copperbelt Katanga News1 Comment

Republic of Red Rock Resources, listed on the London Stock the Congo (DRC) Exchange, has contracted Minex Consulting to explore minerals to start a second phase of exploration for its copper belt license in the south of the Democratic. The license, which Red Rock calls the Luanshimba project, provides for copper and cobalt mineralization, according to an initial exploration program in December 2018. The project is 80% owned by Red Rock, the rest by a local partner. “We have received very promising results from the first exploration in a favorable… Read More Here

Emeralds Mining in DRC

Ivanhoe Development of the Congo copper mine ahead of schedule

February 26, 2020February 26, 2020 Copperbelt Katanga News

Canada’s Ivanhoe Mines (TSX: IVN) announced that the underground development at its Kakula copper mine in the Democratic Republic of Congo continues to advance ahead of schedule and that initial production is expected in Q3-2021. In a press release, co-chairs Robert Friedland and Yufeng “Miles” Sun said that more than eight kilometers of underground development have been completed, which is 1.7 kilometers ahead of plan. They also said that this month, the mining team is on pace to set a new monthly development record of 1,310 metres of advancement ─… Read More Here

Cobalt Copper Emeralds Iron Mining in DRC

Tenke Fungurume Mine

February 21, 2020February 23, 2020 arnbethnic

Tenke Fungurume Mining SA Location Tenke Fungurume Mining SA Province Lualaba Province Country Democratic Republic of the Congo Coordinates 10°34′06″S 26°11′44″ECoordinates: 10°34′06″S 26°11′44″E Production Products copper, cobalt History Opened 2009 Tenke Fungurume Mining SA (TFM) is one of the largest copper and cobalt producers in the Democratic Republic of Congo (DRC). Construction on the site began in the latter part of 2006, and in 2009, TFM produced its first copper. The mine has since become a vital source of income for local communities and the country by way of royalties and taxes, as well… Read More Here

Copper Emeralds Mining in DRC

Kamoa-Kakula Project

February 21, 2020February 21, 2020 arnbethnic

A member of Kakula’s future workforce, a miner trainee “operating” a piece of heavy equipment on a simulator at Kamoa-Kakula’s new training centre. The Kamoa-Kakula Copper Project — a joint venture between Ivanhoe Mines (39.6%), Zijin Mining Group (39.6%), Crystal River Global Limited (0.8%) and the Government of the Democratic Republic of Congo (20%) — has been independently ranked as the world’s largest, undeveloped, high-grade copper discovery by international mining consultant Wood Mackenzie. It is a very large, near-surface, flat-lying, stratiform copper deposit with adjacent prospective exploration areas within the… Read More Here

Emeralds Mining in DRC

Ivanhoe’s Friedland rubbishes the ‘fiction’ that mining copper in Chile is safer than Congo

February 18, 2020February 18, 2020 Copperbelt Katanga News

BILLIONAIRE mining entrepreneur, Robert Friedland, put the boot into Chile and its established major copper mining groups. Friedland, whose company Ivanhoe Mines is developing major new copper and zinc mines in the Democratic Republic of Congo (DRC), said at the Mining Indaba last week: “It’s absolutely silly to think that Chile is a safer place to mine and should have a three or four per cent discount rate and, somehow, the DRC should have a 12% discount rate. “There’s this fiction that somehow Africa is dangerous and it’s safe… Read More Here

Copper Emeralds International Mine Safety

ICMM to create international standard for tailings dams

February 18, 2020February 18, 2020 arnbethnic

The International Council on Mining & Metals (ICMM) has announced that its governing council of 27 member CEOs will establish an independent panel of experts to develop an international standard for tailings facilities for its member companies According to ICMM, this standard will be informed by a review of current global best practices in the mining industry, and beyond. The standard is expected to create a step change for the industry in the safety and security of these facilities. The details of the standard will be defined through the review… Read More Here

Copper Emeralds Mining in DRC

Budget deficit reflects mining decline in DRC

February 12, 2020February 12, 2020 arnbethnic

Macroeconomic researcher Fitch Solutions expects that the Congolese budget deficit will widen from an estimated 0.7% of gross domestic product in 2019 to 1.1% in 2020, owing to declining revenues from the mining sector. The Congolese mining sector has a major bearing on government revenues, accounting for about 36% of total government revenues in 2018. Fitch Solutions notes that, while tax revenue from the mining sector more than doubled in 2018, the sector is facing severe challenges in the coming quarters. In June 2019, mining revenues fell by 12% year-on-year… Read More Here