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Category: Mining Companies

FQM SIGNALS RENEWED COMMITMENT TO ZAMBIA INVESTMENT 1 Mining in Zambia Mining Companies 

FQM SIGNALS RENEWED COMMITMENT TO ZAMBIA INVESTMENT

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First Quantum Minerals’ is engaging with the new government to reinforce its long-term commitment to Zambia and reenergise its long-term investment plans for the mining sector. “Following the recent elections and subsequent smooth transfer of power in Zambia, we are pleased to be engaging constructively with the new Government as we look to establish the parameters for long-term investments into our growth projects in the country,” said FQM’s Chairman and CEO Philip Pascall, after the company released its third-quarter 2021 results. Total copper production for the third quarter of 2021… Read More Here
Provisional liquidator of Zambia's KCM denies theft, money laundering 2 Mining in Zambia Mining Companies 

Provisional liquidator of Zambia’s KCM denies theft, money laundering

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The state-appointed provisional liquidator of Zambia’s Konkola Copper Mines (KCM) on Tuesday appeared in court and denied charges of money laundering and the theft of 4.4-million Zambian kwacha ($257 450). Zambia’s Drug Enforcement Commission, which also handles money-laundering cases, last month arrested liquidator Milingo Lungu and charged him with money laundering and the theft of more than $2-million. But when the case came to court on Tuesday the amount was lowered to 4.4-million kwacha, which Lungu was accused of having stolen and laundered between May 2019 and September this year. “I deny… Read More Here
‘Supportive environment, stable policies, and exploration critical to the mining industry’s long-term future in Zambia’ 3 Mining in Zambia Mining Companies 

‘Supportive environment, stable policies, and exploration critical to the mining industry’s long-term future in Zambia’

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Mining companies in Zambia are calling for a more stable business environment that would allow them to invest more in production. The Zambia Chamber of Mines, which represents foreign mining companies operating in Zambia, stated that a supportive environment, stable policies, and exploration were critical to the mining industry’s long-term future in Zambia. “There is great potential for the mining sector to play a large role in the global energy transition from fossilized energy sources to metals like copper. Copper prices will remain competitive in the foreseeable future so we… Read More Here
The world’s top 10 gold mining companies 4 Gold International Mining Companies 

The world’s top 10 gold mining companies

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The world’s top 10 gold mining companies Unlike paper currency or many other types of assets, gold has maintained its value throughout the ages. First used by cultures in modern-day Eastern Europe in 4,000 BC to make decorative objects, the metal today represents a global business with operations on every continent, except Antarctica. The industry is dominated by a select group of majors. Together, the world’s top 10 gold miners produced 27.48 million ounces (Moz) in 2020, worth approximately $48 billion, according to data from  mining intelligence. North America leading At a country level, China… Read More Here
LUBAMBE MINE SCOOP ZAMBIA MINES RESCUE NATIONAL FINAL HEAT COMPETITION 2021 5 Mining in Zambia Mining Companies 

LUBAMBE MINE SCOOP ZAMBIA MINES RESCUE NATIONAL FINAL HEAT COMPETITION 2021

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Lubambe Copper Mine Team B has won the recently held Zambia Mines Rescue Association (ZMRA) National Final Heat Competition that was held at Zesco Victoria Falls Hydro-Power Station in Livingstone from 13th to 17th September 2021. ZMRA President Mr. Maron Chongo announced the results at an Award Gala Dinner held at the New Fairmount Hotel in Livingstone on Friday 17th September 2021. In second position was Mopani Copper Mines Mufulira Team B and CNMC Luanshya Team A emerged third. A total of six (6) underground mine teams that include Mopani… Read More Here
Government will ease the process of acquiring mining licenses for the local people-Hakainde Hichilema 6 Mining Companies Mining in Zambia 

Government will ease the process of acquiring mining licenses for the local people-Hakainde Hichilema

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President Hakainde Hichilema says government will ease the process of acquiring mining licenses for the local people. President Hichilema who is on a working visit in Luapula Province notes that his administration, wants the local people to run the manganese mines and other resources, in order for them to help contribute to the country’s economic growth. The Head of State observes that Luapula province which is endowed with natural resources such as manganese has not fully benefited from its natural resource. Mr Hichilema explains that if the local people do… Read More Here
Barrick on track to achieve 2021 production targets 7 Gold Copper Mining Companies 

Barrick on track to achieve 2021 production targets

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Barrick Gold Corporation has reported preliminary Q3 sales of 1.07 Moz of gold and 101 million pounds of copper, as well as preliminary Q3 production of 1.09 Moz of gold and 100 million pounds of copper. It remains on track to achieve 2021 guidance, with both the Africa & Middle East and Latin America & Asia Pacific regions continuing to trend to the higher end of their regional gold guidance and North America at the lower end. As previously guided, Barrick’s Q4 gold production is expected to be the strongest… Read More Here
BARRICK GOLD CEO BRISTOW BACK IN PNG 8 Gold Mining Companies 

BARRICK GOLD CEO BRISTOW BACK IN PNG

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Barrick Gold CEO and President Mark Bristow will be in Papua New Guinea from 12th to 15th of October along with senior Barrick Gold executives, as a part of their quarterly review visits to Barrick operated mine sites throughout the world. Dr Bristow is expected to meet with Prime Minister James Marape and senior PNG Government officials during his visit. While the Porgera Mine is presently under care and maintenance, negotiations for the re-commencement of mining at Porgera continue, in line with the terms of the Framework Agreement signed between… Read More Here
Mining Cadastre Register currently has 1,901 Exploration Permits, 223 forfeited for non-payment of rights-DRC 9 Mining in DRC Mining Companies 

Mining Cadastre Register currently has 1,901 Exploration Permits, 223 forfeited for non-payment of rights-DRC

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During the meeting of the Council of Ministers last Friday, Antoinette N’Samba Kalambayi, Minister of Mines, reported that the Mining Cadastre Register counts, as of September 21, 2021, a total of 1,901 Exploration Permits, of which 223 have expired. for non-payment of surface rights (fiscal year 2021), 156 forfeited and 774 active research permits. She recalled that any exploration permit confers on its holder the right to carry out exclusively research work and not exploitation work, within its perimeter. Moreover, the holder is required to pay the annual surface rights; to present… Read More Here
DRC: USD 23.1 million collected in the first half of 2021 for the benefit of the Mining Fund for future generations 10 Mining in DRC Mining Companies 

DRC: USD 23.1 million collected in the first half of 2021 for the benefit of the Mining Fund for future generations

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Revenues in the order of CDF 47,264,529,519 (USD 23,157 million at the end-period budget rate of FC 2041 per US dollar) were collected from mining operators in the first half of 2021 under the Mining Fund for Future Generations ( FOMINN) on linear forecasts estimated at CDF 30,466,644,274 (USD 14.927 million), provide figures in the report of the Ministry of Budget on the execution of the 2021 finance law in the first half of the year. The Congolese government plans to collect up to 60,933,288,548 CDFs over the whole of… Read More Here

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