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Market: Cobalt jumps to over 63,000 USD per tonne this week from December 6 to 11, 2021 1 Cobalt Copper Gold Mining in DRC Zinc 

Market: Cobalt jumps to over 63,000 USD per tonne this week from December 6 to 11, 2021

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The market for merchant mining products for export from the Democratic Republic of the Congo is improving this week from December 6 to December 11, 2021, according to projections by experts from the National Mercurial Commission of the Ministry of Foreign Trade, which is piloted by the Minister Jean-Lucien Bussa. Cobalt remains higher and is trading this week around $ 63,145.00 per tonne versus $ 61,232.85 per tonne last week, showing a positive price differential of $ 1,912.15. Copper is also trending upward to $ 9,752.00 per tonne versus $… Read More Here
DRC: Léon Mubikayi appointed PCA of the Mining Fund 2 Mining in DRC Mining Personality 

DRC: Léon Mubikayi appointed PCA of the Mining Fund

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Léon Mubikayi Mubalamate is the new Chairman of the Board of Directors of the Mining Fund for Future Generations (Fomin). He was appointed this Friday, December 3 by the presidential ordinance. He will be accompanied by Faustin Biringanine, Director General of Fomin and Arlette Kabila Mawuwa, Marie Jacqueline Lumbu and Léon Mondole, all members of the Board of Directors of this institution. Long before occupying this post, Léon Mubikayi was national deputy of the UDPS / Tshisekedi and president of the CACH parliamentary group. Read More Here
Condra wins Africa crane order 3 Mining Supply Tenders Mining technology 

Condra wins Africa crane order

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Condra, a South Africa-based mine equipment supplier, won a contract to deliver six cranes, one portal and five double-girder overhead machines to a South African mine. The company said four of the six cranes ordered are identical 10-tonne overhead machines with spans of 6.5 metres, and two have already been delivered. Financial details of the deal were not disclosed.  The first was installed underground and commissioned on 24 November for maintenance duty on pumps, motors and other equipment – the remaining two 10-ton cranes will be completed this year to join… Read More Here
Sandvik expands digital software offering 4 Mining technology International 

Sandvik expands digital software offering

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Mining equipment provider Sandvik will acquire Deswik, a provider of mine planning software, to broaden its digital solutions offering. Sandvik described Deswik as a “top-tier supplier of integrated software platforms” supporting digitalisation throughout mine planning stages. Furthermore, Sandvik said it will enhance its software and digitalisation sector presence through Deswik’s “high-quality customer base.” The acquisition will fill a value chain gap in Sandvik’s Mining and Rock Solutions’ offering by increasing upstream mining coverage and enabling opportunities for end-to-end optimisation solutions, including incorporating electrification at the mine planning stage. The core… Read More Here
Metso Outotec launches Reactorwell 5 Equipment & Technology Mining technology 

Metso Outotec launches Reactorwell

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Metso Outotec has launched the Metso Outotec Reactorwell, a new generation feedwell for maximising thickener and clarifier performance while minimising flocculant consumption to improve operational efficiencies. The company said the new feed system would feature high solids retention and mixing efficiency and eliminate short-circuiting. Additionally, it would provide “optimum feed conditioning for thickeners and clarifiers.” Brian Berger, vice president, Thickeners and Clarifiers at Metso Outotec, said the Reactorwell would enable “a big leap forward in thickener and clarifier performance” as it utilises maximum settling area due to its “high exit… Read More Here
Jubilee upbeat about outlook for copper, PGM markets 6 Copper International Mining in Zambia 

Jubilee upbeat about outlook for copper, PGM markets

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Metals processor Jubilee Metals Group sees a rosy outlook for the copper and platinum group metal (PGM) markets in the years ahead. “The outlook for copper, in particular, remains buoyant, with many predictions that 2030 will see a doubling in demand for copper. I for one, see the supply side being severely challenged, with Chile as a major contributor to the copper supply, being challenged technically and socially. “The large copper systems that are now in favour are few and far between and have a gestation period of some 12 years. The lack of big projects being developed will, to me, facilitate smaller copper production from both surface and underground mines,”… Read More Here
Ivanhoe mines reports no impact from the omicron variant on any of its operations 7 Mining in DRC Safety & Health 

Ivanhoe mines reports no impact from the omicron variant on any of its operations

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Ivanhoe Mines (TSX: IVN; OTCQX: IVPAF) reports that the new COVID-19 variant, Omicron, has had no impact on any of its mining or mine development operations in South Africa or the Democratic Republic of Congo (DRC). No cases of the new variant have been detected at the company’s Kamoa-Kakula and Kipushi projects in the DRC and, while there have been some recent infections among employees and contractors working at the company’s Platreef Project in South Africa, all people infected to date have either been asymptomatic or experienced very mild symptoms.… Read More Here
ROLLS-ROYCE EXTENDS TBO INTERVALS OF mtu SERIES 4000 ENGINES FOR COMMERCIAL MARINE APPLICATION 8 Equipment & Technology Mining technology 

ROLLS-ROYCE EXTENDS TBO INTERVALS OF mtu SERIES 4000 ENGINES FOR COMMERCIAL MARINE APPLICATION

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New engines of the latest generation of mtu Series 4000 can be operated for up to 96,000 hours until the first major overhaul  Important contribution to resource conservation and reduction of life cycle costs To be presented at the International Workboat Show in New Orleans (1 – 3 December, booth 2701) Rolls-Royce is introducing significantly extended engine running times of up to 96,000 hours between overhauls (TBO) for the latest generation of its mtu Series 4000 engines for commercial marine. In general, all marine engines of the latest generation of mtu Series 4000 can now run… Read More Here
Gold falls to one-month low on Powell's hawkish remarks 9 Gold International 

Gold falls to one-month low on Powell’s hawkish remarks

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Gold plumbed a one-month low on Thursday as US Federal Reserve chairman Jerome Powell‘s comments on the need to tame inflation bolstered bets for faster monetary policy tightening and offset Omicron-driven safe-haven inflows into bullion. Spot gold fell 0.4% to $1 775.80 per ounce by 11:02 GMT, having earlier hit its lowest since Nov. 4. US gold futures dropped 0.5% to $1 775.30. In his second day of testimony in Congress on Wednesday, Powell said the Fed needed to be ready to respond to the possibility that inflation might not recede… Read More Here
Solid-State Batteries Promise Electric Car Popularity Boost, But Technical Mountains Await 10 Battery Metals International 

Solid-State Batteries Promise Electric Car Popularity Boost, But Technical Mountains Await

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Solid-state battery technology should be the knight in shining armor for the electric car revolution, as it steps in to slash the cost of batteries and make living with a plug-in car just like an internal combustion engine (ICE) only better. The trouble is, the timetable for adoption keeps slipping and a mass market-ready product isn’t likely this decade, allowing time for other solutions like fuel cells to make up lost ground. Solid-state batteries promise fast, ubiquitous charging, and enough power to outrun ICE cars not just in the city,… Read More Here

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