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DRC: “Wolframite” production and exports generated USD 10.9 million between 2015 and 2019  2 Mining in DRC 

DRC: “Wolframite” production and exports generated USD 10.9 million between 2015 and 2019 

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The statistical yearbook of the Democratic Republic of Congo (2020 edition) informed that between 2015 and 2019, the country produced only 1,243.02 million tons of Wolframite. During the period under review, exports of this raw material to international markets amounted to 929.47 tons in four (4) years, note the data provided by the Ministry of Mines. The two coupled operations i.e. production and export of Wolframite generated the estimated revenue of US$10,938,746 million. Evolution of various operations carried out between 2015 and 2019 The year 2015 saw a production of… Read More Here
DRC: between 2015 and 2019, more than 5.9 million tonnes of copper were produced in the country 3 Copper Mining in DRC 

DRC: between 2015 and 2019, more than 5.9 million tonnes of copper were produced in the country

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Counted among the largest copper producing countries, the Democratic Republic of Congo (DRC) achieved an estimated production of 5,946,228.74 million tons during the period between 2015 and 2019. This is what the data from the DRC statistical directory (2020 edition) provides. According to the same source, during this period Congolese copper exports were valued at 5,799,364.75 million tonnes. However, the Ministry of Mines did not communicate on the revenue generated by this production. In 2020, the Congolese Government had set a copper production record with a production of around 1,601,218… Read More Here
Copper price rises as trade thinned by China holiday 4 Copper International 

Copper price rises as trade thinned by China holiday

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Copper prices rose on Tuesday as the dollar lost ground, but trading volumes were thin as markets in top metals consumer China were closed for the week-long Lunar New Year holiday. March delivery contracts were exchanging hands for $4.44 a pound ($9,768 a tonne) on the Comex market in New York, up 2.3% compared to Monday’s closing. “Trading will be relatively quiet throughout the whole week because of the Chinese New Year. But at the moment base metals are supported by benign equity markets and dollar pushing metals up,” said… Read More Here
Gold back above $1 800-mark on firmer investment demand 7 Gold International 

Gold back above $1 800-mark on firmer investment demand

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Gold prices firmed above the key $1 800-level on Tuesday as investment demand strengthened, with a weak US dollar and Treasury yields offering further support. Spot gold rose 0.6% to $1 806.32 per ounce by 10:38 GMT. US gold futures climbed 0.6% to $1 807.40. A weaker dollar is helping gold along with “good uptake yesterday on the ETF side that took us through the magic $1 800 level,” independent analyst Ross Norman said. Holdings of the world’s largest gold-backed exchange-traded fund, SPDR Gold Trust, rose to the highest levels since mid-August on… Read More Here
Sandvik to Upgrade EL Teniente in Two Phases 8 Equipment & Technology Mining technology 

Sandvik to Upgrade EL Teniente in Two Phases

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Sandvik will deploy its AutoMine load and haul technology to Codelco’s El Teniente mine in Chile in two phases between 2022 and 2027 as part of a broader automation and digitalisation upgrade. The first phase, to take place between 2022 and 2023, will see Codelco receiving two Toro TH663i trucks and two Sandvik LH514 loaders, as well as an AutoMine Fleet system capable of being scaled to support up to 16 machines and production hardware over several years. Additionally, the first phase of the order, which includes support contracts for… Read More Here
OPEN PIT MINING PROJECT IN LOWER ZAMBEZI NATIONAL PARK TO GO AHEAD UNDER STRICT ADHERENCE TO ZEMA SET MEASURES 9 Mining in Zambia 

OPEN PIT MINING PROJECT IN LOWER ZAMBEZI NATIONAL PARK TO GO AHEAD UNDER STRICT ADHERENCE TO ZEMA SET MEASURES

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Government says the embattled open pit mining project in the heart of the Lower Zambezi National Park will go ahead but under strict adherence to measures set by the Zambia Environmental Management Agency-ZEMA- to limit damage to the environment to a minimum. Green Economy and Environment Minister Collins Nzovu tells Phoenix News that with the whole process exhausted and the courts dismissing an appeal to stop the proposed large scale open-pit mine for want of prosecution, government is only left with the option of monitoring the situation and to ensure… Read More Here
Debswana annual diamond sales jump 64% 10 International 

Debswana annual diamond sales jump 64%

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Sales of rough diamonds by Debswana Diamond Company jumped 64% in 2021, statistics released by the Bank of Botswana showed on Monday, driven by the reopening of key global consumer markets. The total value of Debswana’s diamond exports stood at $3.466-billion in 2021 compared with $2.120-billion in 2020, the central bank data showed. Debswana, a joint venture between Anglo American unit De Beers and Botswana’s government, sells 75% of its output to De Beers with the balance taken up by the state-owned Okavango Diamond Company. Debswana sales fell by 30%… Read More Here

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