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Copper price rises as markets assess omicron variant impact 1 Copper International 

Copper price rises as markets assess omicron variant impact

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The copper price rose on Monday, recouping some of last week’s losses fuelled by the newly identified coronavirus variant, with markets trying to gauge its severity and its possible impact on economic recovery. Copper for delivery in March was up 2% on the Comex market in New York, touching $4.38 per pound ($9,636 per tonne).  The most-traded January copper contract on the Shanghai Futures Exchange fell 1.2% to 70 230 yuan a tonne, tracking Friday’s sell-off in London. The World Health Organisation warned that deciding the severity level of the omicron variant… Read More Here
DRC: among mining products, only tin and tantalum are up this week from November 29 to December 4, 2021 2 Copper Cobalt Mining in DRC Tin 

DRC: among mining products, only tin and tantalum are up this week from November 29 to December 4, 2021

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Export mining products from the Democratic Republic of the Congo show a downward trend this week from November 29 to December 4, 2021, according to projections by experts from the National Mercury Commission of the Ministry of Foreign Trade. Only tin is up this week at $ 39,655.00 per tonne versus $ 38,968.00 per tonne last week, showing a positive price spread of $ 687. Copper is down this week at $ 9,603.40 per tonne from $ 9,803.30 per tonne last week, a negative price spread of $ 199.9. Cobalt… Read More Here
Gold rises as Omicron fears offset strength in dollar 3 Gold International 

Gold rises as Omicron fears offset strength in dollar

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Gold prices edged higher on Monday as concerns over the impact of the Omicron coronavirus variant offset a stronger dollar, with investors assessing whether the emergence of the variant could change the U.S. Federal Reserve’s hawkish stance. Spot gold rose 0.2% to $1,794.87 per ounce by 0646 GMT, while U.S. gold futures advanced 0.5% to $1,794.20. With new cases of the Omicron variant found in the Netherlands, Denmark and Australia, more countries imposed travel restrictions to try to seal themselves off.  “Given the uncertainty around whether this new variant is… Read More Here
lithium-ion battery factory estimated at 39 million USD in the DRC against 112 million USD in China 4 Battery Metals Lithium Mining in DRC 

lithium-ion battery factory estimated at 39 million USD in the DRC against 112 million USD in China

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In a study released during DRC AFRICA BUSINESS FORUM, BloombergNef argues that the Democratic Republic of the Congo could leverage its abundant cobalt resources and hydroelectric power to become a low-cost, low-emission producer country. lithium-ion battery cathode precursors. The research paper estimates that it would cost $ 39 million to build a 10,000 metric tonne cathode precursor plant in the DRC. That’s three times cheaper than a similar factory in the United States would cost, whereas if it was built in China or Poland, it would cost $ 112 million… Read More Here
DRC: South Kivu mining companies owe USD 12 million to the tax authorities for non-payment of annual surface rights 5 Mining Companies Mining in DRC 

DRC: South Kivu mining companies owe USD 12 million to the tax authorities for non-payment of annual surface rights

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The Minister of Mines, Antoinette  N’SAMBA KALAMBAYI , presented to the Council of Ministers on Friday, November 26, 2021, the Mid-term report on the level of execution of the instructions of the President of the Republic, Head of State, relating to to the fight against mining fraud in the Democratic Republic of Congo.  From this report, five points emerge, including the list of mining companies that owe USD 12 million to the tax authorities for non-payment of annual surface rights.  Here, by way of illustration, these five points of the report on… Read More Here
Copper price sinks as new covid variant spooks markets 6 Copper International 

Copper price sinks as new covid variant spooks markets

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Copper prices and other industrial metals slid on Friday as a new and possibly vaccine-resistant coronavirus variant found in South Africa shook market sentiment. Benchmark copper on the London Metal Exchange (LME) shed 2.9% to $9,474 per tonne in official trading. Copper for delivery in March was down 3.9% on the Comex market in New York, touching $4.28 per pound ($9,416 per tonne).  LME aluminium lost 4.2% to $2,601 a tonne, zinc shed 3.1% to $3,197, lead was down 0.4% to $2,261, tin eased 0.5% to $38,600 while nickel ceded 3.7% to… Read More Here
Lubumbashi university scientific breakthrough 7 Corporate social responsibility Mineral Processing Mining in DRC Mining technology 

Lubumbashi university scientific breakthrough

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Kinsevere’s environmental monitoring samples will no longer have to leave the Congo for analysis. In fact a testing solution is within very close reach now that the University of Lubumbashi (UNILU) environmental analysis laboratory is the first in the Congo to receive certification, overseen by the Southern African Development Community Accreditation Service. Patrick Nkulu, Kinsevere Deputy General Manager Operations and General Manager representative, attended the official accreditation certificate ceremony. He praised the local scientific community’s capabilities. “This accreditation, of the now leading environmental analysis laboratory in the Congo, bolsters local… Read More Here
We remain mobilized to support the battery industry in Africa, starting in the DRC - AfDB Boss 8 Cobalt Battery Metals Copper Lithium Mining in DRC 

We remain mobilized to support the battery industry in Africa, starting in the DRC – AfDB Boss

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The DRC – Africa Business Forum closed on Thursday in Kinshasa. This high-level forum intends to provide solutions to improve the living conditions of Africans by developing value chains linked to the mining resources used in electric batteries (cobalt, copper, lithium, manganese, nickel, graphite). A way to take advantage of the global transition to green energy, the use of electricity in transport systems and the decarbonisation of economies “We remain mobilized with other partners to support the development of the battery industry in Africa, starting in the Democratic Republic of… Read More Here
Gold gains as new Covid-19 variant lifts safe-haven demand 9 Gold International 

Gold gains as new Covid-19 variant lifts safe-haven demand

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Gold prices gained on Friday, as concerns over the spread of a newly identified coronavirus variant boosted the metal’s safe-haven appeal, although bullion was set for a weekly drop on growing bets the US Federal Reserve could turn more hawkish. Spot gold was up 0.5% at $1 797.46/oz, as of 04:45 GMT. US gold futures advanced 0.8% to $1 797.70. The variant, detected by scientists in South Africa, may be able to evade immune responses and has prompted Britain to hurriedly introduce travel restrictions on the African nation. Further aiding gold’s climb, the dollar index eased 0.2%… Read More Here
DRC: 30 months to accelerate the fight against modern slavery in the mining sites of two Kivus 10 Mining in DRC 

DRC: 30 months to accelerate the fight against modern slavery in the mining sites of two Kivus

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For 30 months, local authorities, civil society actors and artisanal mining operators will see their capacities strengthened in the context of the fight against modern slavery in the mining sites of the province of North Kivu and South Kivu. This is thanks to the partnership agreement signed by the Embassy of the Kingdom of Norway in the Democratic Republic of Congo (DRC) and the International Organization for Migration (IOM) on November 24, 2021.  This project generally aims to improve coordination mechanisms to effectively fight against human rights violations in mining supply… Read More Here

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