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Congo copper sales increase 10% in H1, cobalt up 15%

August 31, 2021August 31, 2021 admin

Copper sales in Democratic Republic of Congo rose 10% in the first half of 2021 compared to the same period last year, while cobalt sales climbed 15%, the mines ministry said on Tuesday. Exports and local sales of copper stood at 871,956 tonnes, while sales of cobalt were recorded at 44,654 tonnes, the ministry said in a report. Congo is Africa’s top copper producer and the world’s leading miner of cobalt, which is used in batteries for electric cars and electronic products. The country registered record copper production in 2020… Read More Here

Copper Mining in Zambia

Castillo Copper Identifies Multiple Targets at Zambia Project

August 31, 2021August 31, 2021 admin

LSE- and ASX-listed Castillo Copper has identified multiple targets for test drilling at the Luanshya project, in Zambia’s Copperbelt, following the completion of eight induced polarisation (IP) survey lines. Multiple high-chargeability targets have been identified within three interpreted lines that potentially indicate the presence of sulphides, the base metals miner said on August 31, adding that reconciliation of the IP survey findings with the previous geochemical results confirmed the high-chargeability targets are directly coincident, which “significantly enhances the probability for a discovery”. Castillo can now formulate the inaugural drilling campaign… Read More Here

Equipment & Technology Mining technology

BHP and Caterpillar join forces on net zero ambitions

August 31, 2021August 31, 2021 admin

Mining major BHP has announced a partnership with heavy equipment manufacturer Caterpillar to develop and deploy zero-emissions mining trucks at BHP sites to reduce operational greenhouse gas (GHG) emissions. BHP said on Tuesday said that to support its long-term goal of achieving net zero operational GHG emissions by 2050, the company will have early access to zero-emissions equipment developed by Caterpillar and hands-on learning opportunities to ensure successful deployment at BHP sites. The collaboration will help shape the processes, technology and infrastructure that will be required to support zero-emissions machines… Read More Here

Equipment & Technology Mining technology

Komatsu and Vale to Advance the Future of Rock Excavation and Mechanical Cutting Technology

August 31, 2021August 31, 2021 admin

Global mining equipment and technology provider Komatsu and Vale, one of the largest producers of iron ore and nickel in the world, are working together to advance the future of underground hard rock excavation by collaborating to optimize use of Komatsu’s DynaCut mechanical cutting technology. The companies will start trialing DynaCut’s capabilities on Komatsu’s new MC51 machine at Vale’s Garson Mine in Sudbury, ON, Canada, working together to increase the pace at which the innovative technology will be available to the larger market. Andy Charsley, a principal mining engineer at… Read More Here

Aluminium International

The price of aluminum at the highest level for 13 years

August 31, 2021August 31, 2021 admin

Aluminum prices in Shanghai climbed to their highest level in more than 13 years on Monday amid supply issues in China and optimistic sentiment after US Federal Reserve Chairman Jerome Powell adopted a more conciliatory tone in a long-awaited speech. The most traded October aluminum contract on the Shanghai Futures Exchange rose 4.2% to 21,550 yuan ($ 3,332.41) per tonne, its highest level since August 1, 2008, before edging down decline to close at 21,495 yuan per ton, still up 3.9%. The metal has jumped over 30% this year, just behind… Read More Here

Cobalt International Mining in DRC

Cobalt producers in race to cover the growing supply gap – report

August 31, 2021August 31, 2021 admin

The exponential demand growth for cobalt is placing pressure on producers to increase supplies to cover the growing supply gap as electric vehicle (EV) penetration rates in auto production rise above 50% by 2030, new analysis by Bank of America Global Research has found. The bank’s Global Commodity Research team suggests three routes to bridging the supply gap: production increases at miners and refiners; improved processing technology; and recycling. THE RISK OF COBALT SHORTFALLS COULD TURN INTO A CONSTRAINT TO EV BATTERY PRODUCTION IN THE COMING YEARS Sibanye-Stillwater (JSE: SSW), which… Read More Here

Mining Careers Mining in Zambia

TRAINER & ASSESSOR – LIFTING EQUIPMENTS | MINING CAREER AT FQM, KALUMBILA, SOLWEZI, ZAMBIA

August 31, 2021August 31, 2021 admin

Requisition Number: JR3408| Country: Zambia | Contract Type: On-going| Location: Solwezi | Category: Mining Apply now Overall Job Purpose To effectively and efficiently conduct classroom and on the job Training on Mobile Cranes (GMK and Crawler). To effectively and efficiently assess candidates’ performance against agreed standards. Specific Job Responsibility Conduct on the job training on Mobile Cranes (GMK and Crawler). Facilitate off the job classroom Power Point presentations – this includes all compliance and generic courses for Lifting Equipment. Conduct theory and practical assessment in accordance with the assessment principles and in accordance with FQML assessment guidelines.… Read More Here

Mining Careers Mining in Zambia

TRAINER & ASSESSOR – ANCILLARY AND EXCAVATORS | MINING CAREER AT FQM, KALUMBILA, SOLWEZI, ZAMBIA

August 31, 2021August 31, 2021 admin

Requisition Number: JR3242| Country: Zambia | Contract Type: On-going| Location: Solwezi | Category : Mining Apply now General Role Purpose To effectively and efficiently conduct classroom and on the job Training on Ancillary and Excavators. To effectively and efficiently assess candidates’ performance against agreed standards Core Specific Responsibilities Conduct on the job training on Ancillary and Excavators. Facilitate off the job classroom Power Point presentations – this includes compliance and generic courses for Ancillary and Excavators. Conduct theory and practical assessment in accordance with the assessment principles and in accordance with FQML assessment guidelines. Conduct pre-employment assessment… Read More Here

Mining in DRC Cobalt Copper Mining Companies

DRC: Gécamines-Société minière du Katanga contract, a misinterpretation fuels intoxication

August 30, 2021August 30, 2021 admin

Crazy speculation is observed on the web around a controversial interpretation of the nature of the contract between Gécamines and the Société minière du Katanga. At the heart of the media boom: the widely circulated rumor accusing Gécamines of having sold a copper and cobalt mine at a low price to the Société minière du Katanga -Somika-, for 23 years of operation. A transaction that would have been negotiated for a modest sum of 10 million US dollars. That these allegations are false, retort experts close to Gécamines. They take as proof… Read More Here

Cobalt Copper Mining in DRC

Market: copper and cobalt prices down this week from August 30 to September 4, 2021 (Mercuriales)

August 30, 2021August 30, 2021 admin

The main export mining products of the Democratic Republic of the Congo show a downward trend this week from August 30 to September 4, 2021, according to projections by the National Mercuriales Commission of the Ministry of Foreign Trade. Copper is trading at $ 9,079.90 per tonne this week from $ 9,416.50 per tonne last week, a negative price spread of $ 336.6. Same negative trend for cobalt which is trading around $ 51,186.00 per tonne this week versus $ 52,205.00 per tonne last week, leaving a negative price spread… Read More Here