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Ivanhoe mines reports no impact from the omicron variant on any of its operations 1 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 2 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 3 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 4 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
Copper price stable as omicron concerns ease 5 Copper International 

Copper price stable as omicron concerns ease

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The copper price was stable on Wednesday as concerns about the new omicron coronavirus variant that has rattled market sentiment in recent days eased. Copper for delivery in March was down 0.3% on the Comex market in New York, touching $4.26 per pound ($9,372 per tonne).  The most-traded January copper contract on the Shanghai Futures Exchange eased 0.4% to 69,560 yuan ($10,932.98) a tonne. The European Union drug regulator said on Tuesday existing covid-19 vaccines would provide protection against omicron, calming markets shaken by Moderna CEO saying existing shots would be… Read More Here
Metso Outotec unveils virtual inspection tool 6 Equipment & Technology Mining technology 

Metso Outotec unveils virtual inspection tool

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Metso Outotec will launch a virtual inspection tool for horizontal grinding mill linings, which it said will enable more efficient and safer technical decision-making. According to the company, the technology will allow scanned mill linings to be viewed in virtual reality and improve the efficiency and safety of its aftermarket services through advanced wear-part analysis. Additionally, the technology reduces the need to travel to sites and make inspections in possibly dangerous environments, which Metso Outotec said cuts carbon emissions in manufacturing and transportation. Lars Furtenbach, research and technology development manager… Read More Here
Congo State cobalt monopoly aims to start buying in January 7 Cobalt Mining in DRC 

Congo State cobalt monopoly aims to start buying in January

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Democratic Republic of Congo’s state cobalt monopoly plans to start buying artisanal cobalt in January, its CEO Jean-Dominique Takis said in an interview at the Reuters Next conference, as the world’s biggest producer of the metal tries to ramp up revenue. Cobalt, which is trading at around $62 000 a tonne, is used in many of the batteries that power electric vehicles, sales of which are expected to soar as the world strives to cut carbon emissions. The Congo set up Entreprise Generale du Cobalt (EGC) to buy, process, and market all the artisanal… Read More Here
DRC: Reinforcement of security measures around Shinkolobwe, a mining site rich in uranium 8 Mining in DRC Uranium 

DRC: Reinforcement of security measures around Shinkolobwe, a mining site rich in uranium

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The work to secure the Shinkolobwe mining site located in the territory of Kambove and rich in uranium in Haut-Katanga is continuing. It is in this context that the head of the provincial executive went to the place on Tuesday to reassure himself not only of the progress of the work but also of the security around the Shinkolobwe site, 150 km from Lubumbashi.  “At this point, it must be said that we are satisfied with the work that is being done here and it also proves that the Shinkolobwe… Read More Here
Gold climbs as Moderna CEO's warning rattles risk appetite 9 Gold International 

Gold climbs as Moderna CEO’s warning rattles risk appetite

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Gold climbed higher on Tuesday as investors sought safe havens again after Moderna’s CEO warned Covid-19 vaccines were likely to be less effective against the Omicron variant, putting bullion on course for a second straight monthly gain. Spot gold rose 0.4% to $1 792.23 per ounce by 1255 GMT, while US gold futures advanced 0.5% to $1 794.70. The Moderna chief’s comments rattled financial markets, leading to a slide in European equities. The US dollar index also fell 0.6%, helping gold’s advance by making it a cheaper bet for overseas buyers, while U.S. benchmark 10-year Treasury yields hit their… Read More Here
Botswana’s Debswana diamond sales jump 73% in first nine months of 2021 10 Diamond 

Botswana’s Debswana diamond sales jump 73% in first nine months of 2021

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Sales of rough diamonds by Debswana Diamond Company jumped 73% in the first nine months of 2021, statistics released by the Bank of Botswana showed on Tuesday, driven by the reopening of U.S. and China’s consumer markets. Debswana, a joint venture between Anglo American business De Beers and the Botswana government, sells 75% of its output to De Beers, with the balance taken up by state-owned Okavango Diamond Company. Debswana sales fell by 30% in 2020 as the covid-19 pandemic hit demand while global travel restrictions hurt trading. Botswana closed… Read More Here

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