CKM NEWSLETTER 12-07-2021

3.8 million-tonne-per-annum (Mtpa) concentrator plant now is fully operational…

Kamoa-Kakula’s Phase 1, 3.8 million-tonne-per-annum (Mtpa) concentrator plant now is fully operational. First truckloads of copper concentrate were delivered to a local smelter on June 1, 2021, with concentrate dispatch continuing daily. To date, more than 10,500 dry metric tonnes of concentrate have been delivered to the local smelter, and first blister copper ingots have been received… Read full article

Read Also; Takraf South Africa Supplies Two Apron Feeders To DRC Copper-Cobalt Mine

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• Quick Start in Southern Africa for Sandvik’s Rhino 100
• Sandfire Granted Licence for Copper Mine in Botswana
• Takraf South Africa Supplies Two Apron Feeders to DRC Copper-Cobalt Mine
• Bemetals Appoints New Chief Financial Officer to Management Team

Gemfields shares jumped almost 10% for unclear reasons…

Shares in precious gemstones miner Gemfields (LON: GEM) (JSE: GML) jumped almost 10% in early trading in London for unclear reasons, which the company described later as “non disclosable unpublished price-sensitive information”. The company, which returned to the London Stock Exchange’s market for juniors last year, revealed it expects to announce sales of $95 million for the first half of… Read full article  

Ø     Read Also: Mines: Experts Predict Copper Supply Deficit in Second Half of Decade (Report)

Kinsevere is serious about forming a win-win partnership…

The status of Kinsevere activities, business climate challenges, environmental tax as well as value added tax (VAT) reimbursement and Central Bank BCC matters, were recently discussed with Democratic Republic of Congo (DRC) Government officials. Kinsevere is advocating in good faith with DRC authorities in a bid to reassure our shareholders that we are serious about forming a win-win partnership… Read full article

Kalumbila is using the hi-tech approach to bridge any knowledge gap…

Sophisticated software is helping to track core competences and help management at First Quantum Minerals’ Sentinel Mine to boost the skills of its workforce. The mine at Kalumbila in North-Western Province is using the hi-tech approach to bridge any knowledge gaps as part of its recognition that a highly skilled labour force is an important enabler to the sustainability of the Zambian mining… Read full article

• Glencore Welcomes Kalidas Madhavpeddi as New Chairperson
• Gold Regains Shine After Central Bank Buying Drops to Decade Low
• Iron Ore Price up as China Steel Futures Rise
• Joe Barry Kasanda, MMG Kinsevere’s Newly Appointed Commercial Manager DRC.

DRC’s main export minerals on price rise last week…

The main export minerals from the Democratic Republic of the Congo are on the rise this previous week, from July 5 to July 10, on the international market, according to forecasts by the National Commission of Mercurials, a service attached to the Ministry of Foreign Trade. Copper is trading this week at $ 9,353.40 per tonne versus $ 9,237.20 in the June 26-July 3, 2021 period, a price hike of $ 116.2, a … Read full article

Copper prices rose on Wednesday despite China’s announcement that it will release more base metals…

Copper prices rose on Wednesday despite China’s announcement that it will release more base metals from its state reserves after completing the first batch of sales in its latest effort to rein in surging raw material costs. More sales will be arranged in the near term to ensure market stability, the National Food and Strategic Reserves Administration said in a statement on its website Wednesday… Read full article

• Britain’s Firestone to Sell Botswana Diamond Mine for $50,000
• DRC: Minister N’samba Kalambayi Launched the Work of the States General of Mines
• DRC: Ms. Malangu Kabedi Mbuyi, the New Boss of the Central Bank of Congo
• Fully Autonomous Excavation a Step Closer