Mining Companies - Copperbelt Katanga Mining

CKM Linkedin Page attains 22,000+ Followers

January 5, 2022January 5, 2022 arnbethnic

Copperbelt Katanga Mining (CKM) Team are so grateful for all the 22,000+ connections we have made so far on Linkedin, and we look forward to many more joining our mining fraternity on Linkedin. Not a follower yet? Not sure if you really want to follow us? Here are a few reasons why you should! Be the first to find out about the latest mining tenders and new mining projects in DRC and Zambia’s mining sectors. Read our weekly newsletters and articles on latest trends, happenings among top mines and top… Read More Here

Mining Companies Mining in DRC

DRC: South Kivu mining companies owe USD 12 million to the tax authorities for non-payment of annual surface rights

November 27, 2021 admin

The Minister of Mines, Antoinette N’SAMBA KALAMBAYI , presented to the Council of Ministers on Friday, November 26, 2021, the Mid-term report on the level of execution of the instructions of the President of the Republic, Head of State, relating to to the fight against mining fraud in the Democratic Republic of Congo. From this report, five points emerge, including the list of mining companies that owe USD 12 million to the tax authorities for non-payment of annual surface rights. Here, by way of illustration, these five points of the report on… Read More Here

Mining in DRC Mining Companies

MP Irène Wasso pleads for the dismissal of the governor of South Kivu and the withdrawal of all Chinese companies

November 22, 2021November 22, 2021 admin

The national deputies adopted the report of the parliamentary commission dispatched to South Kivu more precisely in the territory of Mwenga in order to gather information on the illicit exploitation of minerals by foreign companies. According to Christophe Mboso, the findings of the mission will be transmitted to the government. This report revealed serious dysfunctions in the mining sector in the DRC. To quote only the case of Mwenga, several Chinese companies exploit gold without titles or qualities. There are, for example, companies which only hold exploration permits but which actually operate the… Read More Here

Mining Companies International

Barrick retains sustainability index spot for fourteenth year

November 19, 2021November 19, 2021 admin

Barrick Gold has been listed in the Dow Jones Sustainability Index’s (DJSI’s) World Index for the fourteenth consecutive year, ranking in the ninty-fifth percentile for mining and metals. It also demonstrated an industry leading performance by scoring full marks, or 100th percentile, in the categories of environmental reporting, social reporting, materiality and water risk management. The gold miner ranked within the top 5% for environmental policy and management systems, biodiversity, mineral waste management, closure and social impact on communities, while substantially improving its scores in occupational health and safety, human… Read More Here

Mining Companies

‘Normalization of Zambia’s fiscal restrictions significant in the country’s efforts to attract fresh investment’

November 16, 2021November 16, 2021 admin

According to Mark Bristow, CEO of Barrick Gold, the normalization of Zambia’s fiscal restrictions was “a very significant event” in the country’s efforts to attract fresh investment. Zambian tax policies were revised in its national budget last week, just two months after Hakainde Hichilema was elected as the country’s new president. Mining royalties are now deductible from corporation tax under new laws, overturning a contentious decision made by Hichilema’s successor, Edgar Lungu. Barrick Gold operates the Lumwana copper mine in Zambia which is on course to contribute roughly 20% of… Read More Here

Mining in DRC Mining Companies

Congo lawmakers tell Barrick to secure mine perimeter after deadly protest

November 11, 2021November 11, 2021 admin

Lawmakers in Democratic Republic of Congo have asked Barrick Gold Corp to secure the perimeter of its Kibali gold mine after a protest last month over the eviction of people living on the company’s concession turned deadly. A parliamentary mission found four people, including one soldier, were shot dead and 14 others wounded during a demonstration in Durba town, in Congo’s northeast, on Oct. 22. At least one police station was reportedly destroyed. During the 2012/13 construction of the mine, Kibali resettled and gave compensation to around 17 000 people… Read More Here

Mining Companies Mining in Zambia

KCM CEO CHRISTOPHER SHEPPARD RETIRES FROM THE COMPANY

November 9, 2021November 15, 2021 admin

KONKOLA Copper Mines (KCM) has announced that its chief executive officer Christopher Sheppard has retired and will be leaving the company on November 12, 2021. In a statement, Tuesday, KCM provisional liquidator Milingo Lungu said Enock Mponda had been appointed as acting CEO and would also act as CEO for KCM SmelterCo Limited while Moses Chilambe had been appointed to act as CEO for Konkola Mineral Resources Limited (KMRL). “Konkola Copper Mines Plc (KCM) informs its business partners and stakeholders that the Chief Executive Officer, Mr Christopher Sheppard, has retired. Read More Here

Mining Companies

RANKED: Top 10 mines with world’s most valuable ore

November 8, 2021November 8, 2021 admin

In mining, grade is king. Across the commodity spectrum, some of the most anticipated results — which can determine the scope of a mining project — are assay values from drill testing. As one of mining’s most influential figures, Robert Friedland, sums it up: “Mining 101. High grade is good. Low grade is bad.” “The higher the grade, the smaller the environmental footprint, Friedland has said. “The higher the grade, the smaller the plant; the less the electrical consumption, the smaller the labour force, the smaller the tailings pond, the less the global warming gas per unit… Read More Here

Mining Companies International

Barrick shifting into growth gear, says CEO Mark Bristow

November 2, 2021November 2, 2021 admin

Since the merger of Barrick Gold (TSX: ABX; NYSE: GOLD) and Randgold Resources early in 2019, the new gold major appears to be completing a full circle under the leadership of Mark Bristow by increasingly prioritizing value-adding grass-roots exploration and development, he tells The Northern Miner. After kicking off a period of top-tier gold-industry consolidation, the company has been focusing on “right-sizing” the portfolio, focusing only on Tier 1 and Tier 2 assets. But getting back to value creation through the drill bit is something close to the former Randgold… Read More Here

Cobalt Mining Companies Mining in DRC

DRC: Fungurume Mining has driven out more than 70% of Congolese subcontractors for the benefit of Chinese workers

October 28, 2021October 28, 2021 admin

In his conclusion on the oral question with debate addressed to the Minister of Entrepreneurship, Small and Medium Enterprises, the deputy Paul Ilunga Nkulu noted some cases of violations in the mining sector of the law relating to the rules of subcontracting in the private sector, the subject of his question to Minister Eustache Muhanzi. It was at the end of the minister’s hearing during the plenary of this Wednesday, October 27 at the national assembly. Among these cases, the deputy notably indexed the company Tenke Fungurume Mining (TFM), which… Read More Here