Zambia - Copperbelt Katanga Mining

Gemfields anticipates more than 50% increase in net profit

October 3, 2022October 3, 2022 Copperbelt Katanga NewsGemstones, Zambia

Gemfields believes it is reasonably certain that its net profit after tax will be US$56.7 million for the six months ending 30 June 2022, comparative to a six-month period of US$23.8 million. Gemfields’ two key operating assets, MRM and Kagem, generated revenues of US$95.6 million and US$85.2 million respectively during the six-month period to 30 June 2021. 2022 saw the group return to its normal auction schedule of two emerald auctions and one ruby auction in the first half of the year. Following on from the strong auction results in… Read More Here

Nickel Mining in Zambia New Mining Projects

Enterprise Nickel Mine is edging closer to completion, and becoming a global top-10 nickel mine

July 5, 2022July 5, 2022 arnbethnicNickel, Zambia

The 8 May 2022 announcement that Enterprise Nickel Mine would be brought online within 12 months after a final $100 million cash injection from First Quantum Minerals (FQM) was met with much fanfare, during a buoyant week for Zambia at the Investing in African Mining Indaba. Mining For Zambia takes a look at the progress that has been made in the weeks following the news, and the impact that a large-scale nickel mining operation will have on North-Western Province and Zambia as a whole. *** Fifteen kilometres from First Quantum Minerals’ (FQM’s) Sentinel… Read More Here

Mining in DRC Gold Mining in Zambia

Moody’s upgrades Barrick’s ratings

November 2, 2020November 2, 2020 arnbethnicGold, Zambia

Barrick Gold has announced that Moody’s Investors Service has upgraded the senior unsecured ratings of Barrick and all rated subsidiaries to Baa1 from Baa2, with a Stable outlook. Moody’s noted that Barrick’s liquidity is excellent, which provides significant flexibility to maneuver through gold price volatility. Senior executive vice-president and chief financial officer Graham Shuttleworth said “this upgrade reflects the significant progress that Barrick has made in strengthening our balance sheet since the merger with Randgold. “The improvements that we’ve made to our operations combined with increased gold prices have led… Read More Here

Mining in Zambia Mining Careers

FIELD OFFICER | MINING CAREERS AT KASENSELI GOLD PROJECT (ZGC/ZCCM-IH) MWINILUNGA, ZAMBIA

August 26, 2020August 26, 2020 arnbethnicZambia

FIELD OFFICER (X 3)JOB TITLE : Field Officer \ LOCATION : Gold Buying Centres (Rufunsa, Lundazi and Chipata) | DEPARTMENT : Investments and Marketing | Grade : ZG6 | SUPERVISOR : Manager-Markets and Trades Zambia Gold Company is a Zambian newly established company that will oversee the mining, processing, refining and marketing of gold in Zambia. The company is owned by ZCCM- IH (51%) and the Zambian Government (49%) through the Ministry of Finance. In order to achieve our vision and mission, the Company invites applications from suitably qualified and… Read More Here

Copper Energy Mining in Zambia

Zambia power deficit not affecting mining

March 14, 2020March 14, 2020 arnbethnicMining in Zambia, Zambia

Zambia’s power supply deficit has grown by nearly 20% since September, state power utility Zesco said on Friday, despite massive price hikes and government fastracking support for green energy projects to fight drought-induced electricity shortages. Zesco’s Director of Corporate Services Patrick Mwila told a media briefing the electricity deficit had grown to 810 megawatts (MW) from a 690 MW gap in September. The senior executive said a deal to import 300 MW from South Africa’s struggling power utility Eskom had expired and would not be renewed. MINING COMPANIES INCLUDING FIRST… Read More Here

Cobalt Iron Mining in DRC Mining in Zambia

Global Cobalt Market 2020 BHP Billiton, Eramet, Rubamin, Glencore Xstrate plc, Sherritt International

January 24, 2020January 24, 2020 arnbethnicCobal Markets, Cobalt, Copper, Zambia1 Comment

The research document entitled Cobalt by Market Research Store intends to reveal various facets of the global market with the assistance of the key elements influencing the market, the constraints, and the difficulties that could stop the market development. The Cobalt report provides a thorough assessment for the people seeking for their business growth on both local and global level as well as producers, newcomers in the industry, professional association, private businesses, and commercial marketers. Download Free Sample Cobalt Report: http://www.marketresearchstore.com/report/global-cobalt-industry-market-report-2019-industry-analysis-614076#RequestSample The Leading players mentioned in the Cobalt Market: BHP Billiton, Eramet, Rubamin, Glencore Xstrate plc,… Read More Here