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Copper price down as labour conflicts in Chile resolved, supply concerns fade 1 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 2 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 3 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 5 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 6 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
DRC: MIBA signs memorandum of understanding with Russian firm Alrosa for diamond exploration and production 7 Mining in DRC Diamond New Mining Projects 

DRC: MIBA signs memorandum of understanding with Russian firm Alrosa for diamond exploration and production

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The Bakwanga Mining Company (MIBA) signs a memorandum of understanding with Russian diamond giant Alrosa with the aim of increasing commercial, technological, scientific and technical cooperation between the two parties. Concretely, the agreement will allow Alrosa in particular to participate in the exploration and production of diamonds in the DRC, in compliance with responsible sourcing standards in this area. This cooperation could result in the formation of a joint venture between the two companies and an investment by Alrosa in the Central African country, a prospect which is already delighting the… Read More Here
Angola’s modest oil output goal reveals a truth on global supply 8 Oil & Gas 

Angola’s modest oil output goal reveals a truth on global supply

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Want proof of how hard it is for some oil-producing countries to lift supply? Look no further than the west African nation of Angola. State Secretary for Petroleum and Gas Jose Barroso said Thursday that the country aims to keep production above 1.1-million barrels a day in the coming years. As ambitions go it’s a very modest one: in 2007, when Angola joined the Organization of Petroleum Exporting Countries, it was pursuing a production target of 2-million barrels a day. It highlights a schism within OPEC+, the alliance of global producers who… Read More Here
Epiroc introduces the all-new water well drill rig Valoria VA20 9 Equipment & Technology International Mining technology 

Epiroc introduces the all-new water well drill rig Valoria VA20

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Epiroc, a leading productivity partner for the mining, infrastructure and natural resources industries, introduces VA20 (Valoria) water well drill – a modular drill rig that delivers flexibility and productivity with a low investment. The VA20 is designed to meet the changing demands of the market while continuing to reduce total cost of ownership. The all-new VA20 rig is available in select regions including the markets of Africa, Asia, Middle East, South America and Latin America. Built with sturdy construction and rugged components, the VA20 drill rig ensures unsurpassed and proven… Read More Here
Brokk launches Pedestal Boom breaker boom system 10 Equipment & Technology International Mining technology 

Brokk launches Pedestal Boom breaker boom system

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Sweden-based remote-controlled demolition company Brokk has introduced the Brokk Pedestal Boom, which is a compact, stationary breaker boom system for the mining and aggregates industry. Brokk’s new machine range is designed to allow operators to apply the power and precision of Brokk’s demolition robots to primary breaking tasks that feed mobile crushers, jaw crushers, gyratory crushers and grizzlies. The Brokk Pedestal Boom offers an improved range of motion by pairing Brokk’s three-part arm system with 360° slewing to increase versatility in underground applications. It can be operated via tethered remote… Read More Here

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