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Metorex
Metorex is a mining company based in Johannesburg, South Africa. It has assets in the Democratic Republic of the Congo (DRC), Zambia and elsewhere. A takeover bid by the Jinchuan Group of China valued the company at US$1.1 billion. Since January 2012, the company is a wholly owned subsidiary of Jinchuan Group. History The company was founded in 1975 by a consortium that included Anthony Simon Malone, and acquired Rand London Mines. In the following years Metorex acquired additional properties mining a variety of minerals including gold, coal, asbestos, copper, zinc and tin. The mines were located in South Africa, Namibia and Zambia. In December 1999 Metorex merged with Consolidated Murchison and listed on the JSE and LSE exchanges. In the following years the company continued to expand through acquisition of new properties. In 2004 Metorex entered into a joint venture to develop the Ruashi copper mine site in the DRC, and subsequently made substantial investments in this project. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ruashi Mine
The Ruashi Mine is an open-pit copper and cobalt mine operated by Metorex that is located about from Lubumbashi in Katanga Province, Democratic Republic of the Congo. The project includes a plant to concentrate the ore from the Ruashi and Etoile mines, and a modern solvent extraction electrowinning (SX-EW) processing plant. As of 2008, annual capacity was estimated to be 10,000 tonnes of copper and 1,000 tonnes of Cobalt. Location The Ruashi mine is located at an elevation of about above sea level. The climate is sub-tropical, with annual rainfall of about falling mostly in the October to March period. Average temperatures are between and , with no marked difference between summer and winter. The region lies in a zone that would naturally be covered by Miombo Woodland, deciduous tropical woodlands. Lying on the edge of Lubumbashi, much of the woodland has been cleared. Tanganyika Concessions dug pits and trenches in the area in 1907. Union Minière du Haut Katanga (UMHK) dis ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jinchuan Group
Jinchuan Group Ltd. (Chinese: 金川集团) is a Chinese company based in Gansu. It produces the metals nickel, copper, cobalt, platinum, palladium, gold, silver and selenium. As of 2007 it has the capacity to produce 150,000 metric tons of refined nickel per year, producing 90% of China's output, and is the largest nickel producer in Asia. It produces 400,000 tons of copper per year, the fourth largest in China. The company reported that it would make a profit of 10 billion yuan in 2007 compared with 7.2 billion yuan in 2006, with sales of 50 billion yuan. In October 2007, it was reported that it was planning to raise 30 billion yuan in an IPO some time in the next 10 months. In 2011, Jinchuan outbid Vale S.A. in seeking to buy the mining company Metorex Metorex is a mining company based in Johannesburg, South Africa. It has assets in the Democratic Republic of the Congo (DRC), Zambia and elsewhere. A takeover bid by the Jinchuan Group of China valued the company at US$1.1 bi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sodimico
Sodimico (''Société de développement industriel et minier du Congo'') is a state-owned mining company in the Democratic Republic of the Congo (DRC). Early years Sodimico took over several mining properties from the Union Miniere du Katanga in 1967, when President Mobotu partially nationalized the Zaire economy. Sodimico was a subsidiary of the giant state-owned Gécamines. The primary focus was on gold mining. In 1988 the Kinsenda mine was flooded, halting production for two years. During the 1990s the company was badly affected by civil conflict and by the government's privatization policies. In many cases workers went unpaid for months. During the Second Congo War (1998–2003) and in the unrest that followed "peace", informal mining by artisans produced much of the copper and cobalt, exporting it illegally with the collusion of government officials. Private companies produced 85% of official output, with dysfunctional state companies such as Sodimico or Gécamines as passi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Subsidiary
A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a same management being substantially controlled by same entity/group are called sister companies. The subsidiary can be a company (usually with limited liability) and may be a government- or state-owned enterprise. They are a common feature of modern business life, and most multinational corporations organize their operations in this way. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, or Citigroup; as well as more focused companies such as IBM, Xerox, and Microsoft. These, and others, organize their businesses into national and functional subsidiaries, often with multiple levels of subsidiaries. Details Subsidiaries are separate, distinct legal entities f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Johannesburg
Johannesburg ( , , ; Zulu and xh, eGoli ), colloquially known as Jozi, Joburg, or "The City of Gold", is the largest city in South Africa, classified as a megacity, and is one of the 100 largest urban areas in the world. According to Demographia, the Johannesburg–Pretoria urban area (combined because of strong transport links that make commuting feasible) is the 26th-largest in the world in terms of population, with 14,167,000 inhabitants. It is the provincial capital and largest city of Gauteng, which is the wealthiest province in South Africa. Johannesburg is the seat of the Constitutional Court, the highest court in South Africa. Most of the major South African companies and banks have their head offices in Johannesburg. The city is located in the mineral-rich Witwatersrand range of hills and is the centre of large-scale gold and diamond trade. The city was established in 1886 following the discovery of gold on what had been a farm. Due to the extremely large gold de ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
South Africa
South Africa, officially the Republic of South Africa (RSA), is the southernmost country in Africa. It is bounded to the south by of coastline that stretch along the South Atlantic and Indian Oceans; to the north by the neighbouring countries of Namibia, Botswana, and Zimbabwe; and to the east and northeast by Mozambique and Eswatini. It also completely enclaves the country Lesotho. It is the southernmost country on the mainland of the Old World, and the second-most populous country located entirely south of the equator, after Tanzania. South Africa is a biodiversity hotspot, with unique biomes, plant and animal life. With over 60 million people, the country is the world's 24th-most populous nation and covers an area of . South Africa has three capital cities, with the executive, judicial and legislative branches of government based in Pretoria, Bloemfontein, and Cape Town respectively. The largest city is Johannesburg. About 80% of the population are Black South Afri ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mining
Mining is the extraction of valuable minerals or other geological materials from the Earth, usually from an ore body, lode, vein, seam, reef, or placer deposit. The exploitation of these deposits for raw material is based on the economic viability of investing in the equipment, labor, and energy required to extract, refine and transport the materials found at the mine to manufacturers who can use the material. Ores recovered by mining include metals, coal, oil shale, gemstones, limestone, chalk, dimension stone, rock salt, potash, gravel, and clay. Mining is required to obtain most materials that cannot be grown through agricultural processes, or feasibly created artificially in a laboratory or factory. Mining in a wider sense includes extraction of any non-renewable resource such as petroleum, natural gas, or even water. Modern mining processes involve prospecting for ore bodies, analysis of the profit potential of a proposed mine, extraction of the desired materials, an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Democratic Republic Of The Congo
The Democratic Republic of the Congo (french: République démocratique du Congo (RDC), colloquially "La RDC" ), informally Congo-Kinshasa, DR Congo, the DRC, the DROC, or the Congo, and formerly and also colloquially Zaire, is a country in Central Africa. It is bordered to the northwest by the Republic of the Congo, to the north by the Central African Republic, to the northeast by South Sudan, to the east by Uganda, Rwanda, and Burundi, and by Tanzania (across Lake Tanganyika), to the south and southeast by Zambia, to the southwest by Angola, and to the west by the South Atlantic Ocean and the Cabinda exclave of Angola. By area, it is the second-largest country in Africa and the 11th-largest in the world. With a population of around 108 million, the Democratic Republic of the Congo is the most populous officially Francophone country in the world. The national capital and largest city is Kinshasa, which is also the nation's economic center. Centered on the Cong ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Zambia
Zambia (), officially the Republic of Zambia, is a landlocked country at the crossroads of Central Africa, Central, Southern Africa, Southern and East Africa, although it is typically referred to as being in Southern Africa at its most central point. Its neighbours are the Democratic Republic of the Congo to the north, Tanzania to the northeast, Malawi to the east, Mozambique to the southeast, Zimbabwe and Botswana to the south, Namibia to the southwest, and Angola to the west. The capital city of Zambia is Lusaka, located in the south-central part of Zambia. The nation's population of around 19.5 million is concentrated mainly around Lusaka in the south and the Copperbelt Province to the north, the core economic hubs of the country. Originally inhabited by Khoisan peoples, the region was affected by the Bantu expansion of the thirteenth century. Following the arrival of European exploration of Africa, European explorers in the eighteenth century, the British colonised the r ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Vale (mining Company)
Vale S.A., formerly ''Companhia Vale do Rio Doce'' (the Sweet River Valley Company, referring to the Doce River) () is a Brazilian multinational corporation engaged in metals and mining and one of the largest logistics operators in Brazil. Vale is the largest producer of iron ore and nickel in the world. It also produces manganese, ferroalloys, copper, bauxite, potash, kaolin, and cobalt, currently operating nine hydroelectricity plants, and a large network of railroads, ships, and ports used to transport its products. The company has had two catastrophic tailings dam failures in Brazil: Mariana, in 2015, and Brumadinho, in 2019; the Brumadinho dam disaster caused the company to lose its license to operate eight tailings dams in Minas Gerais, and its stock to lose nearly 25 percent in value. [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kalulushi
Kalulushi is a town in the Copperbelt Province in north central Zambia. It is located on the M18 Road, just west of Kitwe. Municipal (district) population 75,806 at the 2000 census. Kalulushi emerged as a planned company town with the development of mining Companies in the mid-20th century - initially housing the main offices for the Zambia Consolidated Copper Mines. Economic activity in Kalulushi (as well as the surrounding area) declined severely with the closure of 2 Shaft and 7 Shaft Mining sites. There is a famous story of the origin of the name Kalulushi. The story goes like this. Two gentlemen went hunting for rabbits. Rabbits, in the local Lamba language, are referred to as "kalulu." During their hunt they eventually spotted one rabbit. One of the gentlemen in excitement called out "kalulu!". The other gentlemen quietly told his friend, "shhhh" in order to avoid alarming the rabbit and prevent the rabbit from running away. So that's how the name Kalulushi came about. And so ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
