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Chinese to plough US$400m into AVZ lithium project

September 30, 2021September 30, 2021 admin

AVZ Minerals has locked down US$400 million in funding, a new off-take partner and Chinese backers with very deep pockets and an intimate understanding of lithium battery manufacturing. It looks like it’s game on now for AVZ’s extraordinary Manono lithium project in the DRC after Suzhou CATH Energy Technologies, or “CATH” agreed to pick up 24 per cent of the project for US$240 million and also stump up its share of the project’s CAPEX. In total, the transaction will inject more than US$400 million into the project, which AVZ says… Read More Here

Gold International

Gold price shoots higher on US labor data disappointment

September 30, 2021September 30, 2021 admin

Gold prices advanced past the key $1,750 level on Thursday as investors sought haven after a new labor report pointed to an uneven recovery in the US jobs market. Spot gold rose 1.7% to $1,757.38 per ounce by 11:55 a.m. EDT, its highest level in more than a week. US gold futures gained 2.1% to trade at $1,760.30 per ounce in New York. Still, gold is on course for its biggest monthly loss since June, with precious metals pressured by the prospect of a pullback in stimulus measures by the Federal Reserve.… Read More Here

Copper International

Copper price down on Fed taper talk

September 30, 2021September 30, 2021 admin

Copper prices fell on Thursday as the prospect of the US Federal Reserve scaling back its pandemic stimulus pressured the metal used to gauge global economic health. Copper for delivery in December fell 2.1% from Wednesday’s settlement price, touching $4.104 per pound ($9,028 per tonne). The most-traded November copper contract on the Shanghai Futures Exchange dropped 0.9% to 68,030 yuan a tonne, and dipped 0.1% on a quarterly basis, on track for its first fall since the quarter ended March 2020. A key focus of financial markets in the third quarter… Read More Here

Mining in DRC Copper New Mining Projects

Ivanhoe’s Kamoa-Kakula concentrator beating design throughput target

September 30, 2021September 30, 2021 admin

Kamoa-Kakula Phase 1 concentrator mills approximately 320,000 tonnes of ore grading 6.0% copper in September, exceeding steady-state design throughputA record 16,010 tonnes of copper produced in the month ended September 20 More than 46,750 tonnes of copper produced year-to-date to September 202021 production guidance range for copper in concentrate raised to 85,000 to 95,000 tonnesFloated concentrate grade improved to 55.7% copper; average plant flotation recovery increased to 85.1%; both nearing nameplate designPhase 2 concentrator construction now more than 50% completeMining crews delivered 384,000 tonnes of ore grading 5.58% copper in September,… Read More Here

Equipment & Technology International Mining technology

Metso Outotec launches digital tools to improve plant maintenance

September 30, 2021September 30, 2021 admin

Company says solutions can improve process performance and reduce energy consumption. Metso Outotec has started launching what it calls “leading-edge” digital solutions to ensure the optimal operation and maintenance of iron ore pelletising plants over their entire lifecycle. The company said it is part of a broader effort to improve process performance, production capacity and product quality while at the same time cutting reducing energy consumption and maintenance costs. The new digital solutions include the Metso Outotec Control System OCD-4D and the Planet Positive Optimus advanced process control system for… Read More Here

Mining in Zambia Mining Careers

HOTEL SUPERVISOR, IMPALA | MINING CAREER AT FQM, KALUMBILA, SOLWEZI, ZAMBIA

September 30, 2021September 30, 2021 admin

Requisition Number: JR3811| Country: Zambia | Contract Type: On-going| Location: Solwezi | Category: Services Apply now Overall Job Purpose Provide day-to-day planning, marketing, coordination and administering of the hotel services and management of staff. The position holder will ensure provision of exceptional guest service, continually exceeding the highest possible standards whilst ensuring that objectives are met and maintained at all times. Specific Job Responsibility Plan, implement and manage overall hotel daily operations Understand the business risk and possible competition that could impact the business and provide early alerts to management Conduct hotel budgeting and financial planning Manage and… Read More Here

Mining in Zambia Mining Careers

CIVIL ENGINEER | MINING CAREER AT FQM, KALUMBILA, SOLWEZI, ZAMBIA

September 30, 2021September 30, 2021 admin

Requisition Number: JR3748| Country: Zambia | Contract Type: On-going| Location: Solwezi | Category: Engineering Apply now Purpose of the role: This role is responsible in assisting Site Civil Engineer in the design, construction, maintenance and management of civil engineering infrastructure at Kalumbila Mine. Areas of responsibility including the Kalumbila Mine, Kalumbila Town, Trident Woodlands Estate and Trident Foundation Projects. The infrastructure covered by this role include water dams, tailings storage facilities, roads and stormwater drainage, domestic water supplies, waste water collection and treatment and other mine related infrastructure. Key Duties and Responsibilities: The specific tasks to be performed… Read More Here

Copper International Nickel

Botswana sells troubled state-owned mine to Canada’s Premium Nickel Resources

September 30, 2021September 30, 2021 admin

Canada’s Premium Nickel Resources (PNR) will buy Botswana’s defunct, state-owned BCL copper mine with a view to restarting operations within three years, Minister of Minerals, Green Technology and Energy Resources Lefoko Moagi said late on Tuesday. PNR was awarded an exclusive right to undertake six months of due diligence on BCL, placed under liquidation in 2016, in February. It has now signed a deal to purchase two of the three shafts at the site and some associated infrastructure, Moagi said, without disclosing a value. “All the assets that have not… Read More Here

Mining in Zambia Equipment & Technology Mining technology

Hitachi joins forces with UNIDO, Japanese & Zambian Govts to train mining equipment operators in Zambia

September 30, 2021September 30, 2021 admin

The United Nations Industrial Development Organization (UNIDO), the Government of Japan, the Government of Zambia, and Hitachi Construction Machinery company are joining forces to address the growing demand for skilled equipment operators in Zambia’s construction and mining industries. With the shift in Zambian economy towards more capital and skill-intensive sectors such as mining, construction, transportation and manufacturing, the demand for technical skills for the operation of heavy equipment operation has increased. However, construction and mining sector employers struggle to find skilled workers who meet modern machinery operational skills requirements. The… Read More Here

Cobalt International Mining in DRC

World’s cobalt supply deficit is shrinking, says S&P

September 30, 2021September 30, 2021 admin

A market deficit for cobalt is shrinking as the world’s top producers of the prized metal expand production to meet the demand for batteries used in electric vehicles (EVs), according to a new report by S&P Global Intelligence. With a spoke in EV sales this year, demand for cobalt drove major producers to plan to increase output at mine sites in the Democratic Republic of Congo (DRC) and balance the market, says S&P. Some EV-makers have begun seek alternatives to the battery metal, which provides stability to the battery cathode, but is costly and linked to allegations of human rights abuses of artisanal miners in the DRC. Market Intelligence says the metal… Read More Here