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Epiroc to acquire specialist in mining vehicle battery conversions 2 International Mining technology 

Epiroc to acquire specialist in mining vehicle battery conversions

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Epiroc, a leading productivity and sustainability partner for the mining and infrastructure industries, has agreed to acquire the business and assets of FVT Research Inc., a Canadian company with expertise in converting diesel-powered mining machines to battery-electric vehicles. FVT Research, based in Vancouver, Canada, designs diesel-to-battery conversion kits and rebuilds mining machines to electric versions. The company has also recently been part of a successful project to convert the diesel-powered Epiroc Scooptram ST1030 loader to battery electric. FVT Research has about 25 employees and had revenues in 2020 of $3.16… Read More Here
Sandvik, Exyn combine capabilities in new autonomous mine inspection concept 3 Equipment & Technology Mining technology 

Sandvik, Exyn combine capabilities in new autonomous mine inspection concept

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Sandvik Mining and Rock Solutions and Exyn Technologies have furthered their strategic partnership looking at new horizons of mine autonomy with the introduction of the Sandvik Exyn inspection concept. An autonomous mapping solution that can co-operate with autonomous machines without stopping production, according to Jussi Puura, Research and Technology Development, Digitalization Lead at Sandvik Mining and Rock Solutions, the pair launched the concept at MINExpo 2021, in Las Vegas, today. Back in March, the companies expanded the strategic partnership they initially signed in 2020, looking to integrate drone-based data processed using Exyn’s… Read More Here
Barrick eyes new mines, not deals, for future growth 4 Mining in Zambia Gold International Mining Companies 

Barrick eyes new mines, not deals, for future growth

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Barrick Gold Corp (ABX.TO) Chief Executive Mark Bristow spent years burnishing his reputation as an aggressive dealmaker, but he says now he is focused on new mines that he hopes will boost profit and the company’s sagging stock price. The strategy eschews the acquisition appetite that made Barrick what it is today and instead pins the company’s growth on exploration projects in Egypt, Nevada, Guyana and elsewhere. “The very foundation of our future has to be our geologists and where we are investing,” Bristow told Reuters on the sidelines of the MINExpo… Read More Here
Copper price down as labour conflicts in Chile resolved, supply concerns fade 5 Copper International 

Copper price down as labour conflicts in Chile resolved, supply concerns fade

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The copper price fell again on Monday on signs that strike risks are all but over in Chile, the world’s biggest producer. In quick succession, mining companies in Chile have resolved a series of labor conflicts. On Friday, plant workers at Codelco’s Andina mine agreed to end a more than three-week stoppage. The next day, workers at BHP Group’s Cerro Colorado mine accepted an offer hammered out by the two negotiating teams in mediated talks, avoiding a strike. The recent breakthroughs follow strike-ending agreements earlier this month with the two main unions… Read More Here
DRC: Amani Gold seeks USD 7 million to conduct gold exploration at Giro mine 6 Mining in DRC Gold 

DRC: Amani Gold seeks USD 7 million to conduct gold exploration at Giro mine

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Mining company Amani Gold announced on September 10 a two-tranche private placement of 7 billion shares at a price of $ 0.001 to raise $ 7 million. Shareholders as well as new investors took part in the operation, according to Agence Ecofin. This fundraising will serve, according to Amani Gold, not only to replenish the company’s cash flow, but will also finance the development of its Giro gold project. The company is working in particular to complete a feasibility study launched last December for Kebigada. According to an estimate published in March 2020,… Read More Here
Félix Tshisekedi demands evaluation of the projects included in the Sino-Congolese contract- DRC 7 Mining in DRC Governance Mining Companies 

Félix Tshisekedi demands evaluation of the projects included in the Sino-Congolese contract- DRC

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In his communication during the nineteenth meeting of the Council of Ministers, held on Friday, September 10, the President of the Republic Félix Tshisekedi asked the Minister of State, Minister of Infrastructure and Public Works to present, during the twenty- and-first meeting of the Council of Ministers, the state of play of the technical and financial execution of the projects included in the Sino-Congolese contract, and to the Minister of Mines to do the same in her sector.  Félix Tshisekedi wants to see clearly about the technical and financial execution… Read More Here
Zambian president promises to cut deficit, review mining policies 9 Governance Mining in Zambia Mining Policy 

Zambian president promises to cut deficit, review mining policies

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Zambian President Hakainde Hichilema said on Friday during the ceremonial opening on the 1st session of the 13 national assemble that his new government would implement policies to reduce the fiscal deficit, restore economic growth and review mining policies. In his first address to parliament since his election in August, Hichilema said officials would also review agricultural policies, revise electricity prices and reform state power firm Zesco. Last November Africa’s second-biggest copper producer became the first country on the continent to default on its sovereign debt during the pandemic, after failing to… Read More Here
Copper price up as inflation runs hot 10 Copper International 

Copper price up as inflation runs hot

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A broad rally in base metals markets is gathering pace, with tight supply, logistical logjams and booming demand creating an inflationary storm that’s driving prices to multiyear highs.  Aluminum notched a fresh 13-year high and nickel rose to the highest since 2014 in London. The surge in commodities, as well as soaring shipping and power costs, is fueling global consumer prices. China’s factory-gate inflation accelerated to a 13-year high, while US consumer prices are forecast to rise by more than 5% for a third straight month.  With aluminum prices surging 43% this year, the… Read More Here

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