ben@theccex.com ASM, Gold, Uncategorised
East African countries are in talks to adopt stringent guidelines for trading in the gold industry, reports say, as they move to put an end to rampant smuggling across the region and Central Africa. A meeting of mining officials from members of the International Conference of the Great Lakes Region (ICGLR) has been scheduled for next month where they […]
By Ghana News Agency | News Ghana Mr Blay Thompson,Safety Practitioner, National Executive Council Member, Ghana Mine Workers Union says the changing dynamics of the labour market, notwithstanding growth in the informal economies, re-organising artisanal small-scale mining (ASM)is an imperative. He said, finding new alternatives to formal jobs such as the informal mining sector as […]
ben@theccex.com ASM, Uncategorised
BY MTHANDAZO NYONI | NewsDay Civil society organisations and captains of industry, among others, have called on government to swiftly repeal the Gold Trade Act and formalise artisanal and small-scale mining to boost gold production. In a communiqué, various stakeholders drawn from mining-impacted communities, civil society organisations, Parliament of Zimbabwe, artisanal and small-scale miners, captains […]
Cobalt is back in the headlines for all the wrong reasons. The death last month of 43 artisan miners at the Kamoto Copper Company KOV concession in the Democratic Republic of Congo has refocused attention on the human cost of producing what is a key input into electric vehicle (EV) batteries. The KOV concession is […]
Although South Africa is now Africa’s second-largest gold producer, after Ghana, its gold mining industry still accounts for more than 21% of the continent’s total mined gold production, precious metals refining and smelting complex Rand Refinery CEO Praveen Baijnath tells Mining Weekly. Almost one-fifth of South Africa’s economy is dependent on the mining sector, with gold being a […]
ben@theccex.com Copper, Uncategorised Africa, South America
By: Marleny Arnoldi The International Copper Study Group (ICSG) expects copper mine capacity to grow at an average rate of 2.2% a year up to 2021. The ICSG notes in its biannual ‘Directory of Copper Mines and Plants’ that the average is derived from the lower growth of about 0.5% seen in 2018/19 as compared […]
ben@theccex.com Uncategorised China, Industrial Metals
Global markets plummeted this week on China slowdown worries, dragging industrial metals prices along and increasing future demand concerns, which has prompted analysts to question whether Beijing is doing enough to address the country’s economic contraction. BMO analyst Colin Hamilton said in a note to investors Friday there were many questions in the metals market […]
ben@theccex.com Copper, Gold, Uncategorised
In one of the most profound developments in the central bank gold market for a long time, the Hungarian National Bank, Hungary’s central bank, has just announced a 10 fold jump in its monetary gold holdings. The central bank, known as Magyar Nemzeti Bank (MNB) in Hungarian, made the announcement in Budapest, Hungary’s capital. The details […]
