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Mining technology Equipment & Technology

Epiroc releases new Boomer E10 and E20 drill rigs

September 26, 2022September 26, 2022 admin

Superior coverage area and outstanding operator assistance features. The new Boomer E10 and E20 mark another breakthrough for automated face drilling rigs. Both rigs are available with optional battery-electric driveline for zero-emission tramming. The new Boomer E10 and E20 from Epiroc offer great flexibility and coverage thanks to their small footprint and powerful, multi-purpose BUT 45-booms. As part of Epiroc’s Smart series, the drill rigs are equipped with automation features that increase operator safety and productivity, and come with an optional battery-electric driveline for reduced environmental impact and healthier underground… Read More Here

Drilling

Invictus Energy starts drilling first exploration well in Zimbabwe

September 26, 2022September 26, 2022 admin

Australian-listed Invictus Energy has started drilling one of two exploration wells for oil and gas in the northern part of Zimbabwe, the company said on Monday. The 3.5-km deep well, situated in the Muzarabani-Mbire area, is part of the Cabora Bassa project in Zimbabwe, which is 80% owned and operated by Invictus through its interest in Geo Associates. Invictus said in a statement that the drilling of the first well, Mukuyu-1, began on Friday and will last between 50 and 60 days. Mukuyu, which will cost $16-million, is one of the largest oil and gas exploration prospects to be drilled globally in 2022, estimated at… Read More Here

Cobalt Mining in DRC

The DRC holds 3.6 million tonnes of cobalt, almost half of the world’s reserves

September 26, 2022September 26, 2022 admin

The DRC alone holds 3.6 million tonnes of cobalt, almost half of the world’s cobalt reserves. This potential of such a strategic mineral is a comparative advantage of Kinshasa compared to other nations in the world. The Democratic Republic of the Congo alone produces 63% of the cobalt in the world, thus becoming the world’s leading producer and exporter of the green metal. The global industry therefore mainly needs Congolese cobalt to operate at full capacity. With the prospect of increased production of electric vehicles by major manufacturers, cobalt, according to experts,… Read More Here

Equipment & Technology International Mining technology

Caterpillar surpasses 5 billion tonnes of material autonomously hauled

September 23, 2022September 23, 2022 admin

Roughly nine months after reaching the 4-billion-tonne (4.4-billion-ton) autonomously hauled milestone, trucks equipped with Cat® MineStar™ Command for hauling have now moved over 5 billion tonnes (5.5 billion tons), the OEM says. Cat autonomous trucks are on pace to eclipse previous record totals of materials hauled in a calendar year, projected to be more than 1.4 billion tonnes (1.57 billion tons) in 2022. Currently, more than 550 mining trucks are equipped with Command for hauling, operating across three continents. Over the last nine years, trucks equipped with Command for hauling… Read More Here

Equipment & Technology International Mining technology

Sandvik develops vision for mining automation with AutoMine® Concept Underground Drill

September 23, 2022September 23, 2022 admin

Sandvik Mining and Rock Solutions has introduced its AutoMine® Concept Underground Drill, the company’s second technology demonstrator for its future autonomous mining vision. The AutoMine® Concept Underground Drill is a fully autonomous, twin-boom development drill rig capable of drilling without human interaction. The cabinless battery-electric drill can plan and execute the entire drilling cycle from tramming to the face, setting up for drilling, drilling the pattern and returning home to charge for the next cycle. Less than two years after introducing the AutoMine® Concept Loader – the first fully autonomous underground mining machine built specifically for automation – Sandvik has expanded its vision from autonomous mucking to autonomous drilling with its AutoMine® Concept Underground Drill. “We’re continuing… Read More Here

Copper Mining in Zambia

Glencore proposes loans to ensure production at Zambia’s Mopani copper mine

September 23, 2022September 23, 2022 admin

Glencore and Zambia’s State-owned mining company ZCCM-IH could jointly lend Mopani Copper Mines $200-million to help cover running costs under a proposal made by the global miner last week, a letter seen by Reuters showed. Glencore, which owned Mopani until March 2021, is prepared to lend up to $100-million as a short-term cash injection to Zambia’s Mopani copper mine, the global miner said in a Sept. 12 “non-binding letter of intent”. Mopani Copper Mines is a large mine and smelter complex that Glencore sold to state mining investment firm ZCCM-IH in 2021 after drawing the ire of the Zambian government… Read More Here

Mining in Zambia Copper

Vedanta and ZCCM-IH out of court to pave way for dialogue-Mines Minister

September 22, 2022September 22, 2022 admin

Mines and Minerals Development Minister, Paul Kabuswe says court cases between Vedanta Resources Holdings Limited and ZCCM – Investment Holdings (ZCCM-IH) have finally been suspended to pave way for dialogue. Vedanta Resources, which has an 80 percent stake in Konkola Copper Mines (KCM), has been embroiled in a long legal battle with ZCCM – IH, the minority shareholder, over the appointment of a provisional liquidator to run the operations of the mine. In 2019, the Zambian Government, through ZCCM-IH placed KCM under the provisional liquidator, citing poor management of the… Read More Here

Copper International

Copper price rebounds on weaker dollar

September 22, 2022September 22, 2022 admin

Copper price rose on Thursday, boosted by a weaker dollar and optimism about stimulus measures in China. Copper for delivery in December rose 1.58% from Wednesday’s settlement price, touching $3.52 per pound ($7,744 per tonne). The dollar index dropped after Japan intervened in the currency market to shore up the battered yen for the first time since 1998. “A weaker dollar is definitely helpful, the question mark is how long that can be sustained when you’ve got the Fed being aggressive with rate increases,” said Nitesh Shah, commodity strategist at… Read More Here

International Gold

Gold price wavers after Japan intervention, central banks’ rate hikes

September 22, 2022September 22, 2022 admin

Gold fluctuated after Japan intervened in the foreign exchange market and central banks around the world followed the Federal Reserve with further monetary policy tightening. Japan’s Ministry of Finance moved to halt a slide of the yen against the dollar, the country’s top currency official Masato Kanda said Thursday. After the Fed’s third consecutive large-sized rate hike, central banks in Switzerland, Norway and Britain announced hikes of their own as officials rush to rein in rampant price increases. The greenback fell after Japan’s intervention before clawing back most of the… Read More Here

Equipment & Technology International Mining technology

Fortescue pledges $6.2bn to eliminate emissions by 2030

September 20, 2022September 20, 2022 admin

Iron-ore major Fortescue has announced a $6.2-billion investment by 2030 to eliminate fossil fuel use and achieve real zero terrestrial emissions across its iron-ore operations. The miner said in statement on Tuesday that the investment would eliminate Fortescue’s fossil fuel risk profile and enable it to supply its customers with a carbon-free product. The majority of the capital will be spent in 2024 to 2028, and will include the deployment of an additional 2 GW to 3 GW of renewable energy generation and battery storage and the estimated incremental costs associated with a green mining fleet and locomotives.… Read More Here