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Trigon produces first concentrate at Kombat mine in Namibia 1 Copper 

Trigon produces first concentrate at Kombat mine in Namibia

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Trigon Metals (TSXV: TM) has succeeded in restarting copper and silver concentrate production at the Kombat mine in Namibia, placing the project on track to meet commercial production targets by March. The restarted plant is expected to produce 4,000 tonnes of copper concentrate in 2022, and the achievement represents a significant de-risking of the mine. “A functioning mill is the primary technical hurdle in a mine’s operation, and that hurdle has been overcome at Kombat,” CEO Jed Richardson said in a news release. Teams worked through the holiday period to… Read More Here
Cobalt industry to get a big boost from the shift to a green economy – report 2 Cobalt International Mining in DRC 

Cobalt industry to get a big boost from the shift to a green economy – report

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The global cobalt supply chain is set to remain highly geographically concentrated in the coming years — in the DRC for mine production and in China for refining — which will likely pose procurement challenges for battery manufacturers, market analyst Fitch Solutions finds in its latest industry report. Yet the global cobalt industry is set to receive a significant boost from the worldwide shift to a green economy, Fitch says, as the ferromagnetic blue metal is a key component of rechargeable batteries and valued for its stability, hardness, anti-corrosion and high-temperature resistance characteristics. Used… Read More Here
Zambia: UPND Government to find competent investor to take over KCM- Mines Minister 3 Mining Companies Mining in Zambia 

Zambia: UPND Government to find competent investor to take over KCM- Mines Minister

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Minister of Mines and Minerals Development, Paul Kabuswe has said that the UPND Government will find a competent investor, to take over Konkola Copper Mines (KCM) on the Copperbelt once the liquidation process of the mine comes to an end. Addressing KCM workers, who wrote a petition to President Hakainde Hichilema, Mr. Kabuswe said consultations are underway on which investor will take over the mining giant. The Mines Minister said Government is aware of the operational challenges that resulted in ruining the welfare of thousands of workers and their families.… Read More Here
Sunresin’s Ruashi Cobalt Extraction Project started up in DR Congo 4 Cobalt Mining in DRC 

Sunresin’s Ruashi Cobalt Extraction Project started up in DR Congo

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On December 30, 2021, good news came from the Democratic Republic of Congo in Central Africa. The Ruashi cobalt extraction project undertaken and fully operated by Sunresin was officially put into production and successfully produced the first batch of cobalt products. From project design, skid manufacturing to construction of the plant, equipment installation, on-site and remote commissioning, Sunresin takes charge of the project in a one-stop-shop fashion. The successful commissioning of the project marks a big step for Sunresin, in the spirit of innovation, to carry out comprehensive overseas EPC projects in hydrometallurgy, by overcoming numerous difficulties at… Read More Here
IDC takes steps to restructure ZESCO, seeks to split firm into three separate units 5 Energy Mining in Zambia 

IDC takes steps to restructure ZESCO, seeks to split firm into three separate units

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The Industrial Development Corporation has announced plans to restructure state power utility ZESCO. Through a tender published in the Daily Mail of Tuesday, January 4th 2022, the IDC wants to engage a Consultant who will undertake financial and operational restructuring of ZESCO. The IDC says the Consulant should also assess the possibility of segregating ZESCO’s main divisions such as generation, transmission and distribution into separate units. IDC stated that the splitting of ZESCO should not only provide financial relief by disposing off loss making assets but will also enhance control… Read More Here
Copper price down, pressured by stronger dollar 6 Copper International 

Copper price down, pressured by stronger dollar

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The copper price fell on Tuesday pressured by a stronger dollar. March delivery contracts were exchanging hands for $4.40 a pound ($9,680 a tonne) on the Comex market in New York, down 0.4% compared to Monday’s closing. Copper price on the Shanghai Futures Exchange ended daytime trading 0.5% higher at 70,380 yuan ($11,043.46) a tonne. Shanghai copper benchmark has gained more than 20% this year. The most-traded February copper contract on the Shanghai Futures Exchange fell 0.5% to 69,760 yuan ($10,948.07) a tonne. The dollar index held firm, after rising 0.6% in the… Read More Here
DRC lithium sector faces potential supply chain risks – report 7 Mining in DRC Lithium 

DRC lithium sector faces potential supply chain risks – report

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A new investigation into the Democratic Republic of Congo’s (DRC’s) nascent, but globally significant, lithium sector sounds the alarm on a swathe of potential supply chain risks, with Global Witness’ report raising key questions about how future production and its environmental impacts will be managed and who stands to benefit if the DRC’s lithium deposits are to meet the growing demand for minerals critical to renewable energy technologies.  Set to start in 2023, the country’s lithium production is driven by richer nations’ efforts to decarbonise their economies, with global lithium… Read More Here
AVZ raises A$75m for lithium project- DRC 8 Battery Metals Lithium Mining in DRC 

AVZ raises A$75m for lithium project- DRC

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AVZ Minerals Limited (ASX: AVZ, “the Company” or “AVZ”) is pleased to announce it has received firm commitments for a placement to raise $75 million (before costs) with 85% of funds coming via new global institutions and the balance from existingsophisticated shareholders including cornerstone investor Suzhou CATH Energy Technologies (“CATH”). The placement was significantly oversubscribed and further confirms the significant level of interest in the Company’s world-class Manono Lithium and Tin Project (“Manono Project”) situated in the Democratic Republic of the Congo (“DRC”).The successful capital raising allows the Board of… Read More Here
Gemfields earns record revenues at latest Montepuez ruby auctions 9 Gemstones 

Gemfields earns record revenues at latest Montepuez ruby auctions

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Gemstone miner Gemfields’ latest series of mini-auctions for rubies mined at the Montepuez mine, in Mozambique, has generated a record $88.4-million in revenue. Of the 107 lots on offer during the seven mini-auctions, held between November 8 and December 9, 104 were sold. The average price achieved was $132.47/ct. “This has been the strongest ruby auction in Gemfields’ history and we’re very pleased with the trajectory and growth of the downstream ruby sector. Professionalised and dependable supply has always been the key to unlocking growth. “The strength of the results we’ve seen this week for… Read More Here
Epiroc releases the Pit Viper 270 XC 10 Equipment & Technology Mining technology 

Epiroc releases the Pit Viper 270 XC

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Sweden-based mining equipment manufacturer Epiroc has unveiled the Pit Viper 270 XC blasthole drilling rig (PV-270 XC), which can improve mining operational efficiencies and be integrated into existing automated systems. The company said the PV-270 XC has been designed specifically to provide flexibility and that it can increase load capacity by as much as 42.5 tonnes, explaining that the technology “builds on the high industry standard of performance and innovation of the Pit Viper 270 series.” The PV-270 XC can be integrated with the Epiroc Rig Control System and be… Read More Here

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