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DRC lithium sector faces potential supply chain risks – report 1 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 2 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 3 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 4 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
Copper price down as omicron fears subside 5 Copper Covid-19 International 

Copper price down as omicron fears subside

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The copper price retreated on Thursday after a three-day advance as the dollar firmed, omicron fears subsided and attention turned to the unwinding of US monetary stimulus. March delivery contracts were exchanging hands for $4.31 a pound ($9,482 a tonne) by midday on the Comex market in New York, down 1.8% compared to Wednesday’s closing. “While prices for the metal were supported by low inventories, there was pressure from cooling growth in top consumer China and the tightening of US monetary policy,” said Concord House analyst Duncan Hobbs. “There is a… Read More Here
Kamoa-Kakula: Study work for Phase 3 expansion advancing; excavation underway on a new box cut 6 Mining in DRC Energy New Mining Projects 

Kamoa-Kakula: Study work for Phase 3 expansion advancing; excavation underway on a new box cut

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The scope of Kamoa-Kakula’s Phase 3 expansion includes a third concentrator plant to be located adjacent to the Kansoko Mine (at the Kansoko Sud orebody), approximately 10 kilometres north of the Kakula Mine. The Phase 3 concentrator is being designed to have a larger nameplate milling capacity than the 3.8-Mtpa nameplate milling capacity of the Phase 1 and 2 concentrators. The planned Phase 3 concentrator is expected to be supplied by ore from the established mine at Kansoko, as well as from two new planned mines, named Kamoa 1 and… Read More Here
Kamoa Copper’s green energy focus now on the Inga II hydropower plant to power Kamoa expansions 7 Energy Mining in DRC New Mining Projects 

Kamoa Copper’s green energy focus now on the Inga II hydropower plant to power Kamoa expansions

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In August 2021, Kamoa-Kakula’s energy company signed an extension of the existing financing agreement with the DRC’s state-owned power company SNEL to upgrade turbine 5 at the Inga II hydropower complex. Since June 2021, rehabilitation scoping works and technical visits have been conducted by Stucky Ltd. of Renens, Switzerland, and Voith Hydro of Heidenheim, Germany, a leading engineering group. Voith Hydro, the contractor for the turbine 5 upgrade, has successfully rehabilitated two turbine generators at the adjoining Inga I hydropower plant, a project that was financed by the World Bank.… Read More Here
Continued suspension of Kasenseli gold mine puts central bank’s gold reserve build-up in jeopardy 8 Gold Mining in Zambia 

Continued suspension of Kasenseli gold mine puts central bank’s gold reserve build-up in jeopardy

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The new Mines Minister Paul Kabuswe’s continued suspension of the Kasenseli gold mine operating license, and thus mining activities, from late October 2021 put the central bank’s gold reserve build-up target for 2021 in jeopardy. Since the gold-buying program began in January this year, the Bank of Zambia (BoZ) has spent approximately US$37 million on refined gold from First Quantum’s Kansanshi mine. Kasenseli Gold Mine’s operations in Mwinilunga, North-Western Province, were halted after a Ministerial directive from the Minister of Mines and Minerals Development to do so to address concerns… Read More Here
Metso Outotec awarded with more than 100 new Life Cycle Services agreements in 2021 9 International Mining technology 

Metso Outotec awarded with more than 100 new Life Cycle Services agreements in 2021

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Metso Outotec has experienced substantial growth in its Life Cycle Services (LCS) business by capturing more than 100 new customer agreements during 2021. The customer base for the new agreements covers global and regional mining companies and large as well as mid-size quarries and aggregates contractors. An LCS agreement is typically signed for a 12-month period but can also cover multiple years of cooperation. Metso Outotec is a market leader in providing unique Life Cycle Services programs for its customers. Through its deep knowledge of the entire customer process and… Read More Here
Copper price rises while Commerzbank sees setback in 2022 10 Copper International 

Copper price rises while Commerzbank sees setback in 2022

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The copper price rose on Wednesday, still buoyed by high Chinese imports. China’s copper imports in November were up for a third straight month, customs data showed, hitting their highest since March. March delivery contracts were exchanging hands for $4.38 a pound ($9,636 a tonne) by midday on the Comex market in New York, up 1.1% compared to Tuesday’s closing. However, copper is set to lose momentum as supply increases in the next months. Market to be well supplied in 2022 The global refined copper market is expected to be in a… Read More Here

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