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Copper price rises following good outlook for Chinese demand 1 Copper International 

Copper price rises following good outlook for Chinese demand

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The price of copper climbed for the fourth day as China’s success in containing a   sprawling  covid-19 epidemic  boosted confidence in the demand outlook. Physical market indicators suggest that the country’s appetite for copper is accelerating rapidly. Copper for September delivery was up 1% from Tuesday’s settlement price, reaching $ 4.3025 per pound (9,465 per tonne) in the New York Comex market. There are also signs that last week’s price drop is   encouraging consumers to return to the market, while simultaneously discouraging scrap copper suppliers from making sales. At the end of last week, high-grade copper scrap… Read More Here
Sandvik raises revenue target for Manufacturing Solutions segment 2 International Mining technology 

Sandvik raises revenue target for Manufacturing Solutions segment

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Sweden’s Sandvik said on Wednesday it had set new financial targets for its business segment Manufacturing Solutions, lifting the unit’s goal for sales in the wake of several recent acquisitions. The world’s biggest maker of metal-cutting tools said it was lifting the unit’s revenue target for 2025 to 6 billion crowns ($689.35 million) from 4 billion previously. The unit recorded sales of around 800 million crowns in 2020. Sandvik has recently announced several acquisitions, including Cambrio, DWFritz Automation, and, earlier on Wednesday, CNC Software. “I am very pleased that we… Read More Here
Gold price retreats past $1,800 as dollar halts slide 3 Gold International 

Gold price retreats past $1,800 as dollar halts slide

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Gold prices retreated below $1,800 on Wednesday as the US dollar halted its slide, while investors sought cues on the timeline of monetary tapering from the US Federal Reserve’s symposium later this week. Spot gold declined 0.9% to $1,786.96 per ounce by 11:45 a.m. EDT. US gold futures were down 1.1% at $1,788.90 per ounce in New York. Earlier this week, gold surged to its highest in nearly three weeks, driven by a broad retreat in the dollar. “We’re seeing a slight recovery in the dollar and also some investors taking out… Read More Here
Iron ore price down as China’s steel output slows 4 Iron Ore International 

Iron ore price down as China’s steel output slows

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Iron ore prices retreated again on Monday on rising supply and steel output control in China. According to Fastmarkets MB, benchmark 62% Fe fines imported into Northern China were changing hands for $136.71 a tonne, down 2.8% from Friday’s closing. Supply from Australia has been steady as the impact of earlier weather-related disruptions faded, while Brazil’s shipments are starting to trend higher as the country’s output recovers from the effects of the coronavirus pandemic. Meanwhile, it seems clear that China’s instruction that steel production for 2021 shouldn’t exceed the record 1.065 billion tonnes from… Read More Here
SPECIALIST ENVIRONMENTAL DATA ANALYSIS | MINING CAREER AT FQM, KALUMBILA, SOLWEZI, ZAMBIA 5 Mining Careers Mining in Zambia 

SPECIALIST ENVIRONMENTAL DATA ANALYSIS | MINING CAREER AT FQM, KALUMBILA, SOLWEZI, ZAMBIA

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Requisition Number: JR3566| Country: Zambia | Contract Type: Fixed Term| Location: Solwezi Apply now Job description: Overall Job Purpose: The role involves collection, collation, validation and analysis of environmental data and subsequently advising middle management on progress towards achieving environmental sustainability goals and prepare reports for internal stakeholder tracking.  The Environmental Data Analyst will play a key role in implementing Environmental Management Systems and coordinating site data for Environmental and Social Data Reporting requirements. Specific Job Responsibility: Analysis of all environmental, social and associated data for KML and work cross-functionally to improve environmental performance Collaborate with site… Read More Here
Cat launches 777G Water Solutions truck 6 Equipment & Technology Mining technology 

Cat launches 777G Water Solutions truck

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At mining and quarry sites, haul road dust can take a toll on safety and productivity, leading to a continuous struggle to balance dust suppression with overwatering. Built on the proven Cat® 777G truck platform, the new Cat 777G Water Solutions truck offers mining and quarry operations an innovative and smarter water truck to help control haul road dust. It is an interesting direct move by Caterpillar into the water truck market in mining that has traditionally been served by dealers and specialist third party companies using Cat chassis. Integrating truck,… Read More Here
RANKED: World’s 10 biggest copper mining companies 7 Copper International Mining Companies 

RANKED: World’s 10 biggest copper mining companies

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Following the rampant surge in copper prices earlier this year, competition amongst miners to supply the metal vital to the green energy transition is fierce. Global copper supply is dominated by mining giants, with the top 10 companies making up for more than half of the world’s output. In an unprecedented year marked by disruptions due to the global pandemic, copper mine production was contingent on how each company overcame operational challenges. Chile’s Codelco, by far the biggest copper company, avoided significant impact to its output by implementing a four-phase plan to keep production… Read More Here
The Carter Center welcomes Gécamines financial statements and calls for practice generalization. 8 Mining in DRC Mining Companies 

The Carter Center welcomes Gécamines financial statements and calls for practice generalization.

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Brand Content The Carter Center is pleased to note Gécamines’ publication of its fiscal year 2020 financial statements on its website. Disclosure of these financial statements is a significant step forward in Gécamines’ transparency and accountability process. Assuming that the published data is accurate, these financial statements are supposed to provide exhaustive and detailed information, in particular on the revenues generated by Gécamines and their use in order to allow Congolese citizens and civil society organizations to exercise good control. citizen on the management of this important state enterprise.  “We… Read More Here
DRC: Gécamines achieves a turnover of 324 million USD in the financial year 2020 9 Mining in DRC 

DRC: Gécamines achieves a turnover of 324 million USD in the financial year 2020

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Gécamines has just published its financial statements for the financial year 2020 with a turnover of USD 324.4 million against USD 246.3 million in 2019. This turnover mainly consists of 42.6% of income from sales of mining products, 51.8% of income from royalties and no door and 5.6% of works and services sold (consultancy fees, school fees, medical recipes and others). The result for the 2020 financial year is a loss of around 160.9 million USD compared to 140.3 million USD in 2019. This net result for the year was… Read More Here
Gold price back above $1,800 on deepening virus concerns 10 Gold International 

Gold price back above $1,800 on deepening virus concerns

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Gold prices rose above $1,800 per ounce on Monday after the US dollar retreated from multi-month highs, while investor concerns that the Delta coronavirus variant could dampen the pace of global economic recovery also lifted bullion’s safe-haven appeal. Spot gold rose 0.5% to $1,801.63 per ounce by 11:30 a.m. EDT, the highest in over two weeks. US gold futures jumped 1.2%, trading at $1,805.30 per ounce in New York. Meanwhile, the dollar index was down 0.4%, easing off the 9-1/2-month high hit last week, bolstering gold’s allure for holders of… Read More Here

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