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Gold price rally stalls as China data shows growth stabilizing

November 16, 2021November 16, 2021 admin

Gold steadied as investors mulled what’s next for inflation and monetary policy, while scrutinizing better-than-expected economic data from China. Bullion finished last week at its highest since June as accelerating price pressures rocked bond markets and fueled demand for the traditional haven. Treasuries are steadier on Monday as investors await public appearances by Federal Reserve officials and other central bankers in coming days. In China, a flurry of figures on everything from industrial output to retail sales showed the country’s economy stabilizing as spending improved and power supply picked up.… Read More Here

Copper International

Copper price rises as investors cheer Xi-Biden talks

November 16, 2021November 16, 2021 admin

Copper prices rose on Tuesday as the dollar weakened and risk sentiment improved on positive developments from a meeting between US President Joe Biden and Chinese leader Xi Jinping. Three-month copper on the London Metal Exchange rose 0.4% to $9,711.50 a tonne, while the most-traded December copper contract on the Shanghai Futures Exchange edged up 0.2% to 71,070 yuan ($11,154.01) a tonne. The dollar eased broadly against riskier currencies and the yuan scaled a five-month high, as talks between the two presidents seemed to have an amicable start. Biden and Xi… Read More Here

Copper Mining in DRC New Mining Projects

Ivanhoe Mines records a profit of $85.4 million in Q3

November 16, 2021November 16, 2021 admin

Ivanhoe Mines (TSX: IVN; OTCQX: IVPAF) today announced its financial results for the three and nine months ended September 30, 2021. This quarter marks the first quarter of commercial production at the company’s Kamoa-Kakula Copper joint-venture in the Democratic Republic of Congo (DRC). Ivanhoe Mines also is advancing development of the Platreef palladium-rhodium-platinum-nickel-copper-gold discovery in South Africa, which is scheduled to begin production in 2024, and is upgrading the historic Kipushi zinc-copper-lead-germanium mine, also in the DRC, for a resumption of production. Ivanhoe also is exploring for new copper discoveries on… Read More Here

Battery Metals Cobalt International Lithium

Researchers push for more accurate battery metals demand forecasts

November 15, 2021November 15, 2021 admin

Common assumptions that state that demand for battery metals will continue to increase for the foreseeable future, as they are essential for high-performance lithium-ion batteries, may be misleading, a new report by CSIRO states. According to Australia’s national science agency, unsophisticated models based on current supply levels and basic recycling rates are promoting many mischaracterizations of the real opportunities in both metal mining and recycling. In the view of the experts at CSIRO, such models ignore the dynamics of materials flows on a global scale and the expected changes in underlying technologies. “Metal… Read More Here

Mining Personality

Ivanhoe Mines promotes David van Heerden as Chief Financial Officer

November 15, 2021November 15, 2021 admin

Ivanhoe Mines (TSX: IVN; OTCQX: IVPAF) Co-Chairs Robert Friedland and Yufeng “Miles” Sun are pleased to announce that the company has promoted David van Heerden to the position of Chief Financial Officer, effective November 12, 2021. Mr. van Heerden’s appointment allows Marna Cloete to focus solely on her role as Ivanhoe’s President. Ms. Cloete has held the dual roles of President and CFO since her appointment as President in March 2020. Mr. van Heerden has been with Ivanhoe Mines since 2011, and has held progressively senior finance roles, most recently… Read More Here

Mining in DRC

Antoinette N’SAMBA KALAMBAYI and Bronte Roules discuss investments in DRC mining sector!

November 15, 2021November 15, 2021 admin

Having understood the major concern of the Minister of Mines, Antoinette N’Samba Kalambayi to participate in the development of the country in its sector, the Ambassador of Australia, Bronte Roules came personally to feel the realities on the ground. This Friday, November 12, 2021, in the morning, the Australian diplomat was received in audience by the boss of the mines, Antoinette N’Samba Kalambayi in her office in Gombe. On the agenda of their interview, the possibility of Australian investments in the mining sector in the DRC. In addition, the two… Read More Here

Mining in DRC Oil & Gas

DRC: Didier Budimbu announces the launch of a call for tenders in January 2022 to award the oil blocks

November 15, 2021November 16, 2021 admin

A call for tenders for the allocation of oil blocks in the Democratic Republic of the Congo will be launched in January 2022, through the Ministry of Hydrocarbons. The announcement was made on Wednesday November 10, 2021 by Didier Budimbu, Minister of Hydrocarbons in the DRC, from Dubai in the United Arab Emirates where he is taking part in the 27th edition of Africa Oil Week. According to him, the Democratic Republic of Congo is full of many opportunities likely to boost the global economy and so far, the country… Read More Here

Mining Personality Mining in Zambia

First Quantum Minerals to Appoint Tristan Pascall as Next CEO

November 15, 2021November 22, 2021 admin

First Quantum Minerals Ltd. (“First Quantum” or the “Company”) (TSX:FM) today announced that the Board of Directors will appoint Tristan Pascall, currently the Company’s Chief Operating Officer (COO), to the role of Chief Executive Officer (CEO). The appointment will take effect at the Annual General Meeting (AGM) to be held in early May 2022, at which time Philip Pascall, the Company’s current Chairman and CEO, will retire from the CEO role and will continue to serve as Chairman of the Board. The Company will nominate Tristan Pascall for election as a… Read More Here

Mining in DRC Gold

Cyrille Mutombo: “the demolition of anarchic constructions within Kibali carried out in accordance with the standards”

November 13, 2021November 13, 2021 admin

Contrary to what some call illegal and brutal, the anarchic building demolition in the Kibali no-go zone took place in the nomes. These are the words of the Country Director of Kibali Gold Mines who was the guest, this Friday, November 5, 2021, on Top Congo FM. He thus wanted to dispel any misunderstanding and enlighten public opinion on what really took place during this whole process which dates back several years. According to Cyrille Mutombo, all the people concerned by this demolition, before being dislodged, have been informed for more… Read More Here

Battery Metals International Mining technology

Tesla To Buy 45 GWh Of LFP Batteries From CATL

November 13, 2021November 13, 2021 admin

Citing a post by 36kr, Chinese website CnEVPost says Tesla has agreed to buy 45 GWh of lithium-iron-phosphate batteries from CATL to meet its expected demand for the Model 3 and Model Y in 2022. The Model 3 and Model Y are currently available with LFP batteries in their standard range versions, with the former having a 55 kWh battery and the latter a 60 kWh battery. The purchase will be enough to power about 800,000 vehicles. The company sold 627,350 cars in the first 9 months of this year. Tesla’s Nevada battery factory will soon… Read More Here