Emeralds - Copperbelt Katanga Mining

ERG suspends Zambia refinery on shortage of cobalt, copper concentrates

January 24, 2020January 24, 2020 arnbethnic

Eurasia Resources Group’s (ERG) Africa unit said on Thursday it will suspend operations at Chambishi Metals in Zambia due to a shortage of copper and cobalt concentrates required to produce cathode. Chambishi plant. Image by Eurasian Resources. Zambia, Africa’s second-largest copper producer, has introduced a 5% import tax on raw materials which has hobbled the flow of concentrates from mines in neighbouring Democratic Republic of Congo. “It was not possible to locate appropriate feedstock in Zambia. We are in the process of placing the plant on care and maintenance,” ERG… Read More Here

Copper Emeralds International Mining in Zambia

Lookout for These Five Copper Price Trends in 2020

January 24, 2020January 24, 2020 arnbethnic

Looking ahead to 2020, copper is facing a very balanced market. Investors’ positive sentiment regarding copper fundamentals is currently supporting higher prices, Wood and Metal Mining research and advisory group Wood Mackenzie said in a research note on Wednesday. The stronger growth in demand will be underpinned by new semi-finished product capacities, while the growth of the mine supply will depend on both projects and existing mines. The recent approval of new standards for re-categorizing copper scrap in China could determine the mix of copper raw material imports into the… Read More Here

Emeralds Iron Mining in DRC

Gecamines chairman Yuma heaps praise on Deziwa JV as China strengthens DRC hand

January 16, 2020 arnbethnic

ALBERT Yuma, chairman of the Democratic of Congo’s (DRC’s) state-owned base metals company Gecamines, heaped praise on the firm’s joint venture with China Nonferrous Metal Mining Company (CNMC) owing to the nature of the association. Unlike joint ventures with other companies in the country, the arrangement with CNMC left Gecamines “… the only masters on board”, said Yuma in an article by Reuters. Yuma was commenting following the opening of Deziwa, a copper and cobalt mine in which Gecamines has a 49% stake.I By contrast, Gécamines holds just 25%… Read More Here

Emeralds Mining in Zambia Taxes

Zambia’s 2019 copper output drops due to the taxes | Zambia

January 6, 2020January 6, 2020 arnbethnic

According to the report, Zambia’s copper output in 2019 had fallen due to the latest mining taxes which were also the main factor of less investment. Although there was a favorable market outlook for 2019, the copper production still dropped up to 100,000 tons from a year earlier, with a total output of around 750,000 tons, which was also caused by the shutdowns at Zambia’s copper mines and the low power supply. It was predicted that the downtrend would continue in the coming years. Read More Here