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GoviEx closes C$6 million financing

GoviEx Uranium Inc. has closed a private placement financing of 35,674,911 units at a price of C$0.17 per Unit, with each unit consisting of one class A common share and one Class A common share purchase warrant for gross proceeds of C$6,064,734.87. According to the company, each warrant entitles the …

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Precision networking key to mining efficiency

Paratus Zambia says precision mining, using innovative wireless technology to optimise efficiencies is the future of mining sector according to connectivity specialist. According to the company, the country’s low-grade ore bodies is increasingly looking for economies of scale and ultra-efficient systems in order to remain profitable, and the latest state-of-the-art …

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Pumps improve efficiency and reduce costs

The Acid Mine Water Drainage Scheme is a project to de-water abandoned gold mines in the Johannesburg Area. Since the mid-19th century, mines started moving and followed the gold vein. Many of the original mine shafts near Grootvlei became abandoned and over the years filled with acidic mine water. Persistent …

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CEC divest from Liquid Telecommunication

The Copperbelt Energy Corporation Plc (CEC) has offloaded 50 percent shareholding in CEC Liquid Telecommunication Limited to Liquid Telecommunications Holdings Limited. CEC is the legal and beneficial owner of 50 percent of the allotted and issued share capital of CEC Liquid Telecom. On completion of the deal Liquid shall procure …

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What to expect at CAMINEX 2018

VoidCon Decking Systems will be looking to meet construction related companies to discuss the cost saving and environmental benefits of its composite suspended slab system. There will also be an opportunity for entrepreneurs to discuss the option of becoming representatives and or Licensees. Visitors to the Cohamet Engineering stand will …

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CEC commissions maiden grid solar power plant

CEC’s newest exploit into the renewable energy space will deliver 1.9GWh of clean power a year anchored on transmission infrastructure comprising 1.2km of 11kV overhead line tapping from the existing CEC 11kV busbar at the Raven’s substation, a transformer station and switchgear. The development comes as the country is emerging …

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CAMINEX to provide latest product showcase

The premier Copperbelt agricultural, mining and industrial trade expo – CAMINEX slated for Kitwe Showgrounds in Kitwe from 5-7 June, and will be showcasing the latest in products, machinery, technologies and services that these and related industries can offer. According to the organisers the event is an important trade platform …

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Zambia to complete 50 MW World Bank solar project in September

Zambia will complete its first large-scale 50 MW solar power generation plant in September this year as the nation battles a power deficit which threatens industrial output, a state-owned agency said on Tuesday. The electricity shortfall has forced Africa’s second-largest copper producer to ration power supply to the mines, the …

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Wealth announces Trinity project drill program

Wealth Minerals, a company focused on the acquisition and development of lithium projects in Chile, South America is finalizing a drill contract and expects to begin drilling before the end of May 2018 at its Trinity discovery. Drilling will consist of three drill holes to test priority drill targets identified …

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Katanga Mining – from the frying pan into the fire

Glencore subsidiary Katanga Mining has been served a freezing order against 75% operating subsidiary Kamoto Copper Company (KCC), in the amount of US$2.28 billion. The freezing order was served in the DRC by Ventora Development Sasu, a company affiliated with Dan Gertler and comes just after the local owned mining …

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