You are here

Written by 

Copper price crashes 5% on talk China will release strategic reserves 1 Copper International 

Copper price crashes 5% on talk China will release strategic reserves

admin
Copper prices dropped on Tuesday to their lowest since April 26, weighed down by investor fears over measures Chinese authorities could take to curb a recent price rally in commodities. Copper for delivery in July fell by as much as 4.7% from Monday’s settlement price touching a low of $4.3155 per pound ($9,515 per tonne) Tuesday afternoon on the Comex market in New York. The bellwether metal is now trading down more than 10% since hitting an intra-day high of $4.88 per pound on May 10. The weakness spilled over… Read More Here
Sandvik makes Leopard DI650i fully autonomous 2 Equipment & Technology Mining technology 

Sandvik makes Leopard DI650i fully autonomous

admin
Swedish mining engineering company Sandvik has added fully autonomous capabilities to its Leopard DI650i down-the-hole (DTH) drill rig by adding a new automation platform, iDrill. Sandvik said the addition of iDrill enables the rig to interact with the company’s AutoMine Surface Drilling automation system, meaning it can be operated fully from a control room. “The latest development is a major step on Sandvik’s DTH drill rig automation journey,” said Jari Läntinen, Product Manager, Surface Drilling. “This means shifting from individual automated tasks and sequences towards a genuine ecosystem of automation… Read More Here
Metso Outotec wins Africa pelletising plant order 3 Equipment & Technology Mining Supply Tenders Mining technology 

Metso Outotec wins Africa pelletising plant order

admin
Finland’s Metso Outotec has secured an order for an iron ore beneficiation and travelling grate pelletising plant for an as yet unnamed Africa project. Metso Outotec said the plant was its first for an integrated beneficiation and pelletizing plant. The financial details of the deal were not disclosed. “This new greenfield plant … will feature Metso Outotec’s sustainable proprietary technology, such as Low NOx burners to minimize emissions in the process, as well as state-of-the-art digital solutions, including our Optimus process optimizer and a green pellet-size control system,” said Jari… Read More Here
DRC: workshop on the impact of the valuation rate of commercial mining products on the repatriation of export earnings 4 Mining in DRC Events & Expos 

DRC: workshop on the impact of the valuation rate of commercial mining products on the repatriation of export earnings

admin
The Minister of Mines, Antoinette N’samba Kalambayi, gave the go, on Monday in Kinshasa, of the workshop on the impact of the rate of valuation of commercial mining products on the repatriation of export earnings, in this case cobalt hydroxide. These two-day meetings give participants the opportunity to reflect on the different valuation rates of said mining products and their impact on the repatriation of export earnings, according to a dispatch from the Communication Unit of the Ministry of Mines. “As many know, the soil and subsoil of the Democratic… Read More Here
New mining minister kicks off DRC Mining Week Online event 5 Mining in DRC Events & Expos 

New mining minister kicks off DRC Mining Week Online event

admin
The Democratic Republic of Congo (DRC) offers a wide array of investment opportunities and all investors are invited to explore these opportunities and form mutually beneficial partnerships with government that will ultimately benefit the country’s citizens. This is the message from new DRC mining minister, Antoinette N’Samba Kalambayi who was speaking at the opening keynote of DRC Mining Week Online event which takes place from 14 to 15 June. Kalambayi was joined on the panel by André Wameso from the Presidency; Lord Dolar Popat, the UK prime minister’s trade envoy to the DRC;… Read More Here
Cobalt ‘bubble’ will burst, Ivanhoe exec in Congo says 6 Cobalt Mining in DRC 

Cobalt ‘bubble’ will burst, Ivanhoe exec in Congo says

admin
The demand for cobalt is a bubble that will burst as new battery technology reduces the need for the metal, according to the head of the chamber of mines in the Democratic Republic of Congo. Congo holds more than half the world’s cobalt reserves, but the market’s negative perception of the central African nation’s business climate means companies will soon find alternative ways to create the power needed for the green energy revolution, Louis Watum of the Federation des Entreprises du Congo told a virtual conference on Monday. “I’m not a fan… Read More Here
Copper prices at 7-week low on Chinese crackdown fears 7 Copper International 

Copper prices at 7-week low on Chinese crackdown fears

admin
Copper prices dropped on Tuesday to their lowest since April 26, weighed down by investor fears over measures Chinese authorities could take to curb a recent price rally in commodities. Three-month copper on the London Metal Exchange fell as much as 2.9% to $9,680 a tonne, while the most-traded July copper contract on the Shanghai Futures Exchange hit its lowest since April 23 at 69,500 yuan ($10,852.08) a tonne. China’s state planner last week renewed its pledge to step up monitoring of commodity prices, as domestic producer inflation hit its highest in… Read More Here
DRC: Carter Center calls on government to get involved to insure minerals are processed locally and benefit the people 8 Mining in DRC 

DRC: Carter Center calls on government to get involved to insure minerals are processed locally and benefit the people

admin
The Carter Center calls on the Congolese government to create conditions conducive to the local processing of minerals to ensure that the country’s mineral resources are more beneficial to the Congolese people. A development that coincides with the third anniversary of the entry into force of the revised mining code of March 2018. The Carter Center therefore urges the Congolese government to create favorable conditions for the local processing of minerals.  “These conditions include in particular the definition and implementation of an energy policy and measures for the industrialization of… Read More Here
EMERGENCY RESPONSE TEAM FIRES UP AT KALUMBILA 9 Mining in Zambia Safety & Health 

EMERGENCY RESPONSE TEAM FIRES UP AT KALUMBILA

admin
A new 24-hour emergency fire and rescue station has been set up in Kalumbila to safeguard people’s lives and protect property as the town continues to grow. The centre, which will be operated round-the clock by a 12-member team, has been provided with state-of-the-art equipment, including a fire engine, multi-casualty trailer and utility vehicle, by First Quantum Minerals’ Kalumbila Minerals. The new facility will help protect the growing community near the company’s Sentinel Mine, as well as the town airport. “This move has been necessitated due to the size of… Read More Here
DRC: For Albert Yuma, the energy deficit and lack of a quality railway justify the inability to process Congolese minerals at the local level 10 Mining in DRC Energy 

DRC: For Albert Yuma, the energy deficit and lack of a quality railway justify the inability to process Congolese minerals at the local level

admin
The national president of the Federation of Enterprises of Congo (FEC), Albert Yuma suggested that the energy deficit and the lack of a quality railroad that the DRC faces is at the base of the low rate of transformation of minerals from the Congo. country at the local level. It was during an exchange, this Friday, June 11, 2021, with a representation of students from the faculties of economics of the University of Kinshasa (UNIKIN) and of the Protestant University in Congo (UPC).  Responding to a question from a UNIKIN student… Read More Here

You have successfully subscribed to the newsletter

There was an error while trying to send your request. Please try again.

Copperbelt Katanga Mining will use the information you provide on this form to be in touch with you and to provide updates and marketing.