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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 projec ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jinchuan Group
Jinchuan Group Co., Ltd. () is a major Chinese mining company headquartered in Jinchang, Gansu Province. A state-owned enterprise under the Gansu provincial government, it is one of the world's leading producers of nickel and cobalt, and also produces copper, platinum, palladium, gold, silver, and selenium. It operates globally, with business activities in over 30 countries and regions. In 2024, it ranked 300th on the Fortune Global 500, 78th on the Fortune China 500, and 78th on the China Top 500 Enterprises. Jinchuan owns the world’s third-largest nickel-copper sulfide deposit. Its annual capacity exceeds 330,000 tons of nickel-containing products, including around 190,000 tons of electrolytic nickel. Cobalt output stands at roughly 17,000 tons (including 7,000 tons of electrolytic cobalt), while copper production is estimated at over 400,000 tons per year. History Jinchuan traces its origins to June 1958, when copper-bearing malachite was discovered by the 145th T ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sodimico
Sodimico (''Société de développement industriel et minier du Congo'') is a Congolese state-owned mining company in the Democratic Republic of the Congo (DRC). In 2022 the DRC General Inspectorate of Finance blamed the government for putting the company into bankruptcy through mismanagement and corruption. 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 co ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Subsidiary
A subsidiary, subsidiary company, or daughter company is a company (law), company completely or partially owned or controlled by another company, called the parent company or holding company, which has legal and financial control over the subsidiary company. Unlike regional branches or divisions, subsidiaries are considered to be distinct entities from their parent companies; they are required to follow the laws of where they are incorporated, and they maintain their own executive leadership. Two or more subsidiaries primarily controlled by same entity/group are considered to be sister companies of each other. Subsidiaries are a common feature of modern business, and most multinational corporations organize their operations via the creation and purchase of subsidiary companies. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, and Citigroup, which have subsidiaries involved in many different Industry (e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Johannesburg
Johannesburg ( , , ; Zulu language, Zulu and Xhosa language, Xhosa: eGoli ) (colloquially known as Jozi, Joburg, Jo'burg or "The City of Gold") is the most populous city in South Africa. With 5,538,596 people in the City of Johannesburg alone and over 14.8 million in the urban agglomeration, it is classified as a Megacity#List of megacities, megacity and List of urban areas by population, one of the 100 largest urban areas in the world. Johannesburg is the provinces of South Africa, provincial capital of Gauteng, the wealthiest province in South Africa, and seat of the country's highest court, the Constitutional Court of South Africa, Constitutional Court. The city is located within the mineral-rich Witwatersrand hills, the epicentre of the international mineral and gold trade. The richest city in Africa by GDP and private wealth, Johannesburg functions as the economic capital of South Africa and is home to the continent's largest stock exchange, the Johannesburg Stock Exchang ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
South Africa
South Africa, officially the Republic of South Africa (RSA), is the Southern Africa, southernmost country in Africa. Its Provinces of South Africa, nine provinces are bounded to the south by of coastline that stretches along the Atlantic Ocean, South Atlantic and Indian Ocean; to the north by the neighbouring countries of Namibia, Botswana, and Zimbabwe; to the east and northeast by Mozambique and Eswatini; and it encloses Lesotho. Covering an area of , the country has Demographics of South Africa, a population of over 64 million people. Pretoria is the administrative capital, while Cape Town, as the seat of Parliament of South Africa, Parliament, is the legislative capital, and Bloemfontein is regarded as the judicial capital. The largest, most populous city is Johannesburg, followed by Cape Town and Durban. Cradle of Humankind, Archaeological findings suggest that various hominid species existed in South Africa about 2.5 million years ago, and modern humans inhabited the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mining
Mining is the Resource extraction, extraction of valuable geological materials and minerals from the surface of the Earth. Mining is required to obtain most materials that cannot be grown through agriculture, agricultural processes, or feasibly created Chemical synthesis, artificially in a laboratory or factory. Ores recovered by mining include Metal#Extraction, metals, coal, oil shale, gemstones, limestone, chalk mining, chalk, dimension stone, rock salt, potash, gravel, and clay. The ore must be a rock or mineral that contains valuable constituent, can be extracted or mined and sold for profit. Mining in a wider sense includes extraction of any non-renewable resource such as petroleum, natural gas, or even fossil water, water. Modern mining processes involve prospecting for ore bodies, analysis of the profit potential of a proposed mine, extraction of the desired materials, and final mine reclamation, reclamation or restoration of the land after the mine is closed. Mining ma ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Democratic Republic Of The Congo
The Democratic Republic of the Congo (DRC), also known as the DR Congo, Congo-Kinshasa, or simply the Congo (the last ambiguously also referring to the neighbouring Republic of the Congo), is a country in Central Africa. By land area, it is the List of African countries by area, second-largest country in Africa and the List of countries and dependencies by area, 11th-largest in the world. With a population of around 112 million, the DR Congo is the most populous nominally List of countries and territories where French is an official language, Francophone country in the world. Belgian French, French is the official and most widely spoken language, though there are Languages of the Democratic Republic of the Congo, over 200 indigenous languages. The national capital and largest city is Kinshasa, which is also the economic center. The country is bordered by the Republic of the Congo, the Cabinda Province, Cabinda exclave of Angola, and the South Atlantic Ocean to the west; the Cen ... [...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. It is typically referred to being in South-Central Africa or Southern Africa. It is bordered to the north by the Democratic Republic of the Congo, Tanzania to the north-east, 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 population 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 European colonization of Africa, European colonisers in the 18th century, the British colonised the region into the British protectorates of Barotziland–North-Western Rho ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Vale (mining Company)
Vale (), formerly ''Companhia Vale do Rio Doce'' (Doce River Valley Company), 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; as of 2014 the company operated 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 drop nearly 25 percent in price. Current operations Although the company's primary operations are in Brazil, Vale has operations in 30 countries, which are detailed below and on the company's website. Ownership structure The company is listed on ... [...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. The population of Kalulushi District was 170,701 at the 2022 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. Kalulushi was named after a local river. The name "Kalulushi" is derived from the Lamba language, spoken by the indigenous people of the area. It refers to the Kalulushi River, which flows through the region. The river's name is believed to come from the word "kalulu," meaning "hare" in the Lamba language, symbolizing the abundant wildlife that once lived along the river. Over time, the area surrounding the river developed into a mining town, but the name has remained root ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
