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The price of cobalt is expected to trade lower this week at USD 51,265 per tonne 1 Cobalt Copper Mining in DRC Zinc 

The price of cobalt is expected to trade lower this week at USD 51,265 per tonne

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In addition to fears around possible supply tensions after the fire that occurred at the Nornickel site on September 14, 2022, cobalt should face a drop in prices this week on the international market. After having started the month of September 2022 well, cobalt is expected to fall this week to trade at 51,265 USD per ton against 51,267 USD per ton last week, a drop of 2 USD. According to the note from the experts of the Congolese Government’s National Commission on Market Prices, the general trend of the… Read More Here
The price of a tonne of copper falls below the USD 8,000 mark this week 2 Copper International 

The price of a tonne of copper falls below the USD 8,000 mark this week

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The price of copper is expected to fall this week in the international market after recording several weeks of breakthrough. According to projections from the Ministry of Foreign Trade’s National Market Price Commission, copper is expected to trade at USD 7,784.90 per tonne this week compared to USD 8,001 per tonne last week, a negative price differential of 216 .1 USD. The note from the experts of the Congolese Government’s National Commission for Market Prices informs that the general trend of the main mining export products of the Democratic Republic… Read More Here
Sasol to announce green hydrogen deals with local miners soon 3 Energy 

Sasol to announce green hydrogen deals with local miners soon

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South African petrochemical major Sasol will announce partnerships over the next few weeks with local mining companies to supply green hydrogen for their mining operations, a senior company executive said on Wednesday. A major part of the South African government’s aim to cut climate-warming gas emissions is tied to the private sector’s use of green hydrogen for buses, taxis and heavy-duty vehicles such as hauling truck and forklifts in the mines. “There are a few mining partners that we are talking to that we will announce shortly to supply green… Read More Here
TANTALEX LITHIUM RESOURCES CONFIRMS AVERAGE 0,946% LI2O GRADE FROM THE FINAL 115 DRILLHOLES ON MANONO TAILINGS 4 Mining in DRC Lithium 

TANTALEX LITHIUM RESOURCES CONFIRMS AVERAGE 0,946% LI2O GRADE FROM THE FINAL 115 DRILLHOLES ON MANONO TAILINGS

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Tantalex Lithium Resources Corp. (CSE: TTX – FSE: DW8 – OTCQB: TTLXF) (“Tantalex” or the “Corporation”), is pleased to announce that the final assay results received from it’s 2022 infill drilling program on the K dump has returned an average grade 0,946% Li2O from surface. Manono Tailings – K Dump A total of 2117 metres from 156 aircore drillholes has been completed on nominal 50m centres to define a measured category for the Mineral Resource Estimate currently underway. On September 6th, we announced the results of the assays received from… Read More Here
Copper production to show “strong and consistent” growth for next decade 5 Copper International 

Copper production to show “strong and consistent” growth for next decade

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A new study by Fitch Solutions Country Risk and Industry Research forecasts 7.3 million tonnes will be added to global copper production through 2031 as a raft of projects in Chile, China and Congo come online. Fitch expects global copper mine production to increase by an average annual rate of 3.2% over 2022–2031, with annual output rising from 21.9mnt in 2022 to 29.2mnt by 2031 boosted by elevated copper prices and a positive demand outlooks Chile  The market researcher says top producer Chile will show a slight decline in the short term… Read More Here
Botswana's Morupule aims to boost coal output by 50% with new mine 6 Coal 

Botswana’s Morupule aims to boost coal output by 50% with new mine

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Botswana President Mokgweetsi Masisi on Wednesday commissioned a new 1.4-million tonne per year coal mine at state-owned Morupule Coal Mine (MCM), aiming to increase exports after demand for the fuel boomed since the start of the war in Ukraine. Despite the country’s estimated 212-billion tonnes of coal resources, MCM was its only operating mine until Minergy commissioned a new one in 2019 with an annual capacity of 1.2-million tonnes. Many European and Asian countries are scrambling for alternative sources of fuel given the global energy crisis, and Botswana wants to become a… Read More Here
Gold price rallies to weekly high as dollar pulls back 7 Gold International 

Gold price rallies to weekly high as dollar pulls back

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Gold rose by nearly 2% on Wednesday as a slight retreat in the dollar rekindled some of its safe-haven appeal, although prospects of sharp rate hikes are still keeping the precious metal near a 2-1/2-year trough. Spot gold climbed 1.7% to $1,657.00 per ounce by 12:40 p.m. ET, touching its highest in a week and erasing some of the losses from an extended slide that dragged prices down to the lowest since April 2020. US gold futures also advanced 1.7% to trade at $1,664.60 in New York. Meanwhile, the US dollar retreated… Read More Here
Konkola Copper Mines hires RMB to find new investor 8 Copper Mining in Zambia 

Konkola Copper Mines hires RMB to find new investor

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Zambia’s Konkola Copper Mines (KCM) has appointed Rand Merchant Bank (RMB) as financial advisor as the government searches for a new investor to expand the copper mine and smelter, the company’s state-appointed provisional liquidator said on Wednesday. Zambia’s previous government put KCM in the hands of a liquidator in May 2019, triggering a legal dispute with Vedanta Resources, KCM’s parent company. Zambia and Vedanta agreed this month to seek an out-of-court settlement. KCM is looking for a new equity partner willing to invest $1.2 billion to expand the mine underground,… Read More Here
Fitch report forecasts increase in copper production in the DRC with more than 3 million tonnes per year expected from 2031 9 Copper Mining in DRC 

Fitch report forecasts increase in copper production in the DRC with more than 3 million tonnes per year expected from 2031

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In a new report, Fitch Solutions Country Risk and Industry Research predicts that copper production will show “strong and steady” growth for the next decade both in the Democratic Republic of Congo and in other major producers such as Chile and China. This study estimates that 7.3 million tonnes of copper will be added to global copper production by 2031 as a series of projects in Chile, China and the DRC come into production. In the case of the DRC, this international rating agency points out that thanks mainly to… Read More Here
Zambia and Vedanta agree to seek out-of-court settlement 10 Copper Mining in Zambia 

Zambia and Vedanta agree to seek out-of-court settlement

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Zambia has agreed with Vedanta Resources Limited to pause hearings on their dispute over Konkola Copper Mines for six months and seek an “amicable settlement”, state mining investment firm ZCCM-IH said on Tuesday. Zambia in May 2019 handed control of KCM to a state-appointed provisional liquidator, triggering a protracted legal battle with owner Vedanta. Zambia’s mines minister said in July that he had told ZCCM-IH to seek an out-of-court settlement. Read More Here

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