Mining Companies - Copperbelt Katanga Mining

Glencore to return $2.8bn to shareholders in 2021

August 5, 2021August 5, 2021 admin

Glencore will return $2.8 billion to shareholders in 2021 after soaring commodity prices helped the mining and trading company to a record performance for the first six months of the year, it said on Thursday. The London-listed company joins rivals Rio Tinto and Anglo American in declaring bonanza payouts after record half-year profits buoyed by a rebound in demand for commodities. “Following COVID-19’s severe global impacts in early 2020, the subsequent economic recovery has seen prices of most of our commodities surging to multi-year highs,” said Glencore CEO Gary Nagle,… Read More Here

Chinese company disappears after 2 years of Precious Materials exploitation in Bafwasende

July 30, 2021July 30, 2021 admin

The vice-president of the civil society of the territory of Bafwasende in the province of Tshopo, Mr. Philémon Tango staying in Kisangani, told the local press last weekend, that a Chinese company that exploited the precious materials in the Aruwimi River left without a trace. During 2 years of gold mining, this company did not respect the specifications of the local community, as required by law in this area. This situation worries the inhabitants of the region, including the local authorities, since this company making everyone believe that it was not… Read More Here

Gold International Mining Companies

RANKED: World’s 10 biggest gold mining companies

July 30, 2021July 30, 2021 admin

Gold made history in 2020 when the price hit a record high in August as pandemic concerns weighed on investor sentiment. Gold mining has been a hallmark of commerce across the ages, and according to the USGS, about 244,000 tonnes of gold has been discovered to date, resulting in 187,000 tonnes of historical production, leaving the current underground reserves at 57,000 tonnes. Preliminary data shows about 3,200 tonnes of gold were produced globally over the past year. Even though many junior mining companies are engaged in the gold business, the industry today… Read More Here

Mining in DRC Mining Companies Taxes

Mining companies in Lualaba pay 1.1 billion USD in terms of taxes and royalties

July 12, 2021July 12, 2021 admin

Thirty-nine mining companies based in Lualaba province paid a total of US $ 1.1 billion from June 2018 to June 2021, according to statistics from the Ministry of Mines. According to the source, the equivalent of US $ 1,158,096,167 was paid. According to the provisions of the mining law, 50% of this amount was allocated to the central power, ie USD 579,048,083; 25% of the total amount to Lualaba province, i.e. 289,524,042 USD and 15% to Decentralized Territorial Entities (ETD) (173,714,425 USD) and 10% to the Mining Fund for Future Generations… Read More Here

Mining in DRC Mining Companies

Kibali on track to achieve 2021 production target – Barrick CEO

July 12, 2021July 12, 2021 admin

After a strong start in the first quarter of 2021, the Kibali gold mine, one of the largest in the world, remained on track at the halfway mark of the year to achieve its annual production guidance, Barrick president and chief executive Mark Bristow said today. Speaking at a media briefing, Bristow added that thanks to an aggressive near-mine exploration program, Kibali was continuing to replace its reserves faster than it was mining them, and now has a resource base that is approaching the 2013 levels when the mine first… Read More Here

Mining in DRC Covid-19 Mining Companies Taxes

DRC: Glencore paid the state $ 424 million in taxes, royalties and other payments in 2020 (report)

July 12, 2021July 12, 2021 admin

The industrial mining company Glencore present in the Democratic Republic of Congo (DRC) has paid 424 million US dollars to the Congolese government in terms of taxes, duties and royalties. In its report released last weekend, mining giant Glencore said it allocated US $ 331 million in capital spending last year. The same report states that Glencore’s activities have provided employment for 14,500 employees and contractors. It emerges from this report that the set of payments made in 2020 is much lower than the 843.407 million USD paid on behalf… Read More Here

Mining Companies Mining in DRC

Advocacy for the signing of an interministerial decree approving Manual procedures and the allocation of 0.3% of mining companies – DRC

June 16, 2021June 16, 2021 admin

Civil society through “The Congo is not for sale” and “Makuta ya Maendeleo” call, in a joint statement released on Monday, June 14, the Ministers of Mines and Social Affairs to sign an interministerial decree approving the Manual of procedures and management of the 0.3% endowment as a contribution to community development, in accordance with the revised mining code and the Consensus reached among all stakeholders. These non-governmental organizations indicate that this decree aims to define the modalities of management of this endowment by the representatives of the right holder… Read More Here

Mining Companies

Australian mining firm hopes to expands its business in Kenya

June 9, 2021June 9, 2021 admin

Base Titanium, an Australian mining business, is optimistic that it will be able to continue mining in the country once the present mine life expires in October next year. It hopes to expand its operations along the Kenyan coast’s south and north by obtaining prospecting and mining licenses from the Petroleum and Mining Ministry. The company, which spent Sh10.7 million on exploration in the first quarter of this year (January-March), is eager to incorporate additional mineral deposits identified within the Kwale Prospecting Licence (PL 2018/0119), but beyond the current footprint… Read More Here

Mining Companies

Mining industry shows better outlook until 2022 (Report)

June 4, 2021June 4, 2021 admin

Global miners can continue to expect “bumper year of earnings” through 2022, as large rise in commodity prices underpins strong financial results for most players, new report from Fitch says Solutions . Despite very high profits, Fitch expects miners to keep capital spending under control, focusing instead on further debt reduction with the additional profits generated this year and next. According to the report, the industry is in an era of technological upheaval, changing consumption patterns, and environmental, social and governance (ESG) considerations that shape the future of market players and inevitably determine success. – or… Read More Here

Gold Mining Companies

Top 10 largest gold mining companies in Q1 2021 – report

June 1, 2021June 1, 2021 admin

Newmont was the largest gold mining company by production in Q1 2021. Northern Star was a newcomer to the top 10 list, while Polymetal and Kirkland Lake have dropped out of the quarterly ranking. Kitco ranked the top 10 largest gold mining companies by production in Q1 2021. Newmont was the top gold producer in Q1 2021. The company’s attributable gold production was in line compared to the prior year quarter, decreasing 2% to 1,455 thousand ounces primarily due to the sale of Red Lake, lower leach pad production and the… Read More Here