Gold - Copperbelt Katanga Mining

Gold price falls on economic recovery hopes

September 2, 2020September 2, 2020 admin

Gold prices fell further on Wednesday as the US dollar strengthened, while a strong rebound in the nation’s manufacturing sector fuelled hopes of a recovery in the coronavirus-hit economy. Spot gold fell 1.5% to $1,940.09 per ounce by 12:10 p.m. EDT despite hitting an intraday high of $1,973.25 earlier in the session. US gold futures also declined 1.5% to $1,948.00 per ounce on the Comex. Meanwhile, the dollar was up nearly 0.5%, moving farther away from its two-year low, after Euro zone inflation turned unexpectedly negative last month. “The dollar index is… Read More Here

Tender for Construction of a Gold Processing Plant at Kasenseli Gold Mine, Zambia

September 1, 2020September 3, 2020 admin

ZCCM Investments Holdings Plc. has received financing from own sources toward the CAPEX for the 2018/2019 Financial Year, and it intends to apply part of the proceeds of this financing to payments under the Contract for the Construction Works in Kasenseli, Mwinilunga District and Renovations to Zambia Gold Company Limited Offices at ZCCM-IH Office Park in Lusaka; Contract No.: ZCCM-IH/076/2020. ZCCM Investments Holdings Plc now invites sealed bids from eligible and qualified bidders for the Construction Works in Kasenseli, Mwinilunga District and Renovations to Zambia Copper Company Limited Offices at ZCCM-IH… Read More Here

Covid-19 Gold International

Gold price declines after hopes of a new vaccine

August 26, 2020August 26, 2020 admin

The rally in gold, which surged to a record high nearly two weeks ago, is beginning to lose steam with hopes for a coronavirus treatment and signs of improving economies undercutting the metal’s appeal as a haven. Spot gold fell 0.6% to $1,916.61 per ounce by 11:50 a.m. EDT, while gold futures for December delivery declined 0.9% to $1,921.80 per ounce on the Comex in New York. At Friday’s market close, bullion posted back-to-back weekly losses for the first time since June, and is now headed for its fourth decline in five… Read More Here

Gold Mining Careers Mining in Zambia

SAFETY OFFICER | Mining Career at Kasenseli Gold Project (ZGC/ZCCM-IH) Mwinilunga, Zambia

August 26, 2020August 26, 2020 Johannsen1 Comment

SAFETY OFFICER (X1)JOB TITLE : Safety Officer | LOCATION : Kasenseli Gold Project, Mwinilunga | DEPARTMENT : AlluvialSUPERVISOR : Metallurgist | HEAD OF DEPT : Project Manager Zambia Gold Company is a Zambian newly established company that will oversee the mining, processing, refining and marketing of gold in Zambia. The company is owned by ZCCM- IH (51%) and the Zambian Government (49%) through the Ministry of Finance. In order to achieve our vision and mission, the Company invites applications from suitably qualified and experienced individuals who are innovative, energetic and… Read More Here

Nickel Gold

According To Tesla CEO Elon Musk, This Metal Is The New Gold

August 25, 2020August 25, 2020 admin

In the popular imagination, lithium is the element that powers EVs. However, as Elon Musk has pointed out, the term “lithium-ion batteries” is something of a misnomer, because they don’t really contain that much lithium. “Although called lithium-ion, the actual percentage of lithium in a lithium-ion cell is approximately 2%,” Musk explained at Tesla’s 2016 shareholder meeting. “Technically, our cells should be called nickel-graphite, because the primary constituent in the cell as a whole is nickel.” Nickel is arguably the single most important metal component in EV batteries. More recently, Musk reiterated the… Read More Here

Gold Mining in DRC

Calls for US sanctions against personalities involved in gold trafficking in the Great Lakes | DRC

August 20, 2020August 20, 2020 arnbethnic

In their correspondence dated August 17, 2020 addressed to the United States Secretary of the Treasury, Steven Mnuchin, and the Secretary of State, Michael Pompeo, concerning the normalization of the situation in the Democratic Republic of the Congo in anticipation of the democratic elections in 2023, the nine US senators have also proposed to Washington to consider sanctions against those involved in the illicit trade in gold from the DRC to the countries of the Lakes. “As gold continues to be one of the biggest sources of funding for armed… Read More Here

International Gold Innovation Mining technology

Polymetal installs ‘world’s largest’ gold autoclave

August 18, 2020August 18, 2020 Arnie

Cyprus-based precious metals mining group Polymetal International has installed what it claims to be the world’s largest gold autoclave vessel at its Amursk POX-2 project in Russia’s Far East. Built by Belgium’s Coek Engineering, the autoclave is 50m long, has a diameter of 6m and weighs 1,100 tonnes, said Polymetal. It has cost US$27 million in total for the equipment and its shipment to Amursk. The vessel, which is made of steel and has a titanium lining, will operate at the temperature of up to 240 Celsius and a pressure… Read More Here

International Gold

Gold price recovers from worst week since March

August 18, 2020August 18, 2020 admin

Gold rebounded from its worst weekly performance in nearly five months as a weaker dollar and pullback in US treasury yields bolstered investor demand for safe-haven assets. Spot gold advanced 1.7% to $1,980.74 per ounce by 2:45 p.m. EDT on Monday. Gold futures for December delivery jumped 2.1% to $1,991.20 per ounce after briefly crossing the $2,000 an ounce mark earlier in the day. Gold investors also received a boost after a regulatory filing disclosed Berkshire Hathway’s new 20.9 million share investments in Barrick Gold –the world’s second-largest gold miner.… Read More Here

International Gold

AngloGold CEO sells shares following resignation

August 17, 2020August 18, 2020 admin

AngloGold Ashanti’s outgoing CEO, Kelvin Dushnisky, sells 20,000 shares of the company for $ 572,116 in a transaction dated August 13, 2020. In the same week, AngloGold executives Graham Ehm and Tirelo Sibisi also sold 25,000 and 43,000 shares in the company, respectively. Dushnisky, who was named CEO of AngloGold nearly two years ago, was reportedly forced to resign last month after shareholders requested further investigation into a bonus payment by his former employer, Barrick Gold. Christine Ramon, CFO of AngloGold, will serve as interim CEO from September once Dushnisky’s… Read More Here

Mining in DRC Gold International

One ounce of gold crosses the US$ 2,000 mark on the international market

August 13, 2020August 14, 2020 admin

Gold has continued to rise on the international market despite the backdrop of the health crisis affecting the whole world. The yellow metal first traded at $ 2,019 an ounce on the Singapore Stock Exchange on Wednesday, August 5th. According to experts, in addition to the uncertainty associated with the global economic recovery related to the Covid-19 pandemic, this precious metal is benefiting from other geopolitical and economic factors that have increased investor fears during these times. After Goldman Sachs analysts predicted gold would cross the $ 2,000 mark, they… Read More Here