Category: Uncategorized

The Executive Board of the International Monetary Fund has concluded the 2022 consultations and the review of the Extended Credit Facility for the Democratic Republic of the Congo. All indicative targets were met except for social spending. The IMF points to persistent shortcomings in inter-ministerial coordination.  He also points out other weaknesses and calls for caution. For this year, growth was reduced to 6.1% (against 6.4% previously).  Despite excess liquidity, credit to the private sector remains weak (at 7% of GDP) and the banking sector vulnerable, she said.  The IMF… Read More Here

Blockchain mineral traceability firm Minexx has been approved by Rwanda’s government to support artisanal miners. In collaboration with the Rwanda Mines, Gas and Petroleum Board (RMB), Minexx will deploy and supervise blockchain powered technology to record and track mines’ key transactions, including miners’ payments, mineral traceability, minerals taxation, export process, supply chain corrective actions and community relations.  ASM operators will be using Minexx digital platforms and due diligence processes.  This will ensure that when ASMs extract tin, tungsten, tantalum, niobium and gold, they are transported, processed, exported and traded in… Read More Here

More severe-than-expected sanctions against Russia will disrupt Russian mining activities in Sub‑Saharan Africa without having a serious negative impact on domestic mining sectors themselves, a recent report by The Economist Intelligence Unit states. According to the research and analysis division of The Economist Group, sanctions on Russian miners, including both metals and energy producers, in Africa will create manageable downside risks, which are outweighed by risks to the upside stemming from steep increases in commodity prices.  However, given that most Russian mining operations in Africa are joint ventures that rely in part… Read More Here

The President of South Africa, President Cyril Ramaphosa, is confirmed to attend the 2022 Investing in African Mining Indaba, taking place in Cape Town from 9 – 12 May 2022. The President will deliver a Keynote Address on Tuesday, 10 May. The President’s attendance, along with Minister of Mineral Resources and Energy Gwede Mantashe, signals the continued importance of mining to the South African economy as a cornerstone creator of value through investment, procurement, job creation and community investment, and its contribution to the fiscus. The industry more than proved… Read More Here

Requisition Number: JR5285 | Contract Type: Fixed Term | Country: Zambia  Location: Solwezi   Category: Engineering Apply now Job description: JOB DESCRIPTION Job title:                                             Mech, Boilermaker                      Site:                                                    Kansanshi Mining Plc                 Department:                                        Smelter Engineering                   Section:                                              Secondary Smelter Mechanical               Position reports to:                            Supervisor- Mechanical   Grade:                                                                          Direct reports:                                    N/A        Purpose To install and maintain plant equipment including converters, chutes and pipes according to drawings. Carry out steel fabrication / repair works, ensure the proper care and maintenance of allocated cutting, welding and tools / equipment under the general guidance of the section’s supervisor/s. Key Responsibilities This position will be required to adhere to all… Read More Here

Zimbabwe’s mining industry sees a funding shortfall of $10-billion over the next five years, a challenge compounded by erratic power supplies and exchange-rate volatility. While Zimbabwe has the world’s third-biggest reserves of platinum-group metals, plus gold, diamond and chrome mines, development has been stymied by political instability, economic collapse and rules that deter foreign investment. While mining is projected to generate earnings of $5.5-billion this year, it faces a number of headwinds, the country’s Chamber of Mines said in its latest commodity outlook report. Last year, the Zimbabwe announced rules… Read More Here

Despite some recorded price decline, the general trend of the DRC’s main mining export products is upwards during this week from March 21 to 26, 2022, according to forecasts by experts from the Ministry’s National Mercurial Commission. of Foreign Trade. Cobalt is showing an uptrend. It is trading this week around 81,690.00 USD per ton against 78,277.50 USD per ton last week, i.e. a price increase of 3,412.5 USD. The other mining product on the rise is gold, which is selling on the international market at 64.70 USD per gram against… Read More Here

The national deputy Raymond Tchedya, elected from the electoral district of Djugu in the province of Ituri, pleaded for a fair distribution of the fees paid by Kibali Gold Mines to SOKIMO. This parliamentarian suggests that out of the total sum of 17 million US dollars paid to the Kilomoto Mining Company (SOKIMO) as a dividend by Kibali Gold Mines, at least 7 million dollars should be oriented for the social welfare of SOKIMO staff. This position of Raymond Tchedya is also shared by some elected officials from the provinces… Read More Here

Spiking gasoline prices have increased Americans’ monthly bills to fuel popular pickups and SUVs by hundreds of dollars, leading more consumers to kick the tires on electric vehicles. There’s just one problem: there aren’t many such wheels to boot. Electric vehicles are in short supply in showrooms that have struggled to rebuild inventory of vehicles for more than a year, largely due to the global chip shortage. As of late last month, there were fewer than 2,200 Ford Mustang Mach-Es available in the U.S., according to Cox Automotive. Volkswagen AG… Read More Here

With the exception of copper, all other export products from the Democratic Republic of the Congo are on the rise this week from March 7 to 12, 2022, according to projections by experts from the Commission Nationale des Mercuriales, structures of the Ministry of Commerce. outside. Cobalt is trending higher this week and is trading at USD 75,521.25 per tonne versus USD 75,300.75 per tonne last week, a positive price differential of USD 220.5. Zinc is also up at 3,735.20 USD per tonne against 3,625.95 USD per tonne, giving a… Read More Here