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Gold enters the last quarter of 2022 depressed 1 Gold International 

Gold enters the last quarter of 2022 depressed

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Gold started 2022 well, but the recent months were pretty awful. What will it be in the final quarter of the year? Ladies and gentlemen, please welcome the final quarter of the year! What were the first nine months of 2022 for the gold market? Well, in Q1 there was an impressive rally in gold, with the yellow metal staying above $2,000 for a while. However, the next few months brought a gradual decline in gold prices. After several weeks of being traded between $1,700 and $1,800 during the summer, in September,… Read More Here
Sandvik to book charges of $471 million in third quarter 2 Equipment & Technology International Mining technology 

Sandvik to book charges of $471 million in third quarter

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Swedish metal-cutting tools and mining gear maker Sandvik said on Thursday it will book non-recurring charges of about 5.3 billion Swedish crowns ($471.56 million) in the third quarter. A capital loss of some 4.7 billion crowns stems from the distribution of its former subsidiary Alleima to shareholders, which will be reported under discontinued operations. Sandvik distributed and listed its speciality steel business on the Nasdaq Stockholm exchange on Aug. 31 of this year, renaming it Alleima. Approximately 600 million crowns of losses stem from Sandvik’s wind-down in Russia and will… Read More Here
Alrosa discovers 22 new diamond deposits in Zim 3 Diamond 

Alrosa discovers 22 new diamond deposits in Zim

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Russian miner Alrosa PSJC has discovered 22 new diamond deposits in Zimbabwe, according to the southern African nation’s president, Emmerson Mnangagwa. Alrosa will only be allowed to work on two of the diamond deposits, while the rest will be made available to other investors, Zimbabwe’s Information Ministry said, citing comments by Mnangagwa in New York at the weekend. The president attended a business meeting on the sidelines of the United Nations General Assembly. The Russian company declined an emailed request for comment In 2019, Alrosa signed an agreement with the… Read More Here
Makuta Ya Maendeleo Consortium calls for redefinition of the objectives, regulatory and institutional framework of FOMIN 4 Mining in DRC 

Makuta Ya Maendeleo Consortium calls for redefinition of the objectives, regulatory and institutional framework of FOMIN

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The Makuta Ya Maendeleo Consortium calls for the redefinition of the objectives, the regulatory and institutional framework of the FOMIN as well as the management and investment rules of this Fund. This is what emerges from its recent report analyzing the institutional and regulatory framework of the Mining Fund for Future Generations (FOMIN) established by the revised Mining Code of March 2018. According to a press release from this non-governmental organization, the conclusions of this analysis showthat due to the absence of a clear vision, numerous and inconsistent objectives and… Read More Here
Gold price drops as US data signal more aggressive Fed tightening 5 International Gold 

Gold price drops as US data signal more aggressive Fed tightening

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Gold fell, caught up in a broad selloff as investors sought shelter in cash after the latest US economic data paved the way for more aggressive tightening from the Federal Reserve. Better-than-expected 2Q core PCE, a measure of inflation, and personal consumption numbers on Thursday suggested the US economy can handle further Fed tightening. Weekly jobless claims fell to the lowest since April, showing a persistently tight labor market. Bullion earlier fell as much as 1.1% on renewed strength in the US dollar as recession concerns returned after the Bank… Read More Here
ARTISAN BOILERMAKER | MINING CAREERS AT FQM, SOLWEZI, ZAMBIA 6 Mining Careers Mining in Zambia 

ARTISAN BOILERMAKER | MINING CAREERS AT FQM, SOLWEZI, ZAMBIA

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Requisition Number: JR7595 | Contract Type: Fixed Term | Country: Zambia  Location: Solwezi   Category: Engineering Apply now Job description: Purpose To execute maintenance functions according to standards and instructions to ensure maximum availability, reliability and safety of equipment, tools and employees is achieved. The incumbent will perform maintenance activities in a safe and effective manner with the aim of delivering results that meet quality standard and company expectations. Key Responsibilities This position will be required to adhere to all relevant requirements, policies, procedures and legal regulations pertaining to health, safety, environment and quality, as well as finance, human… Read More Here
The price of cobalt is expected to trade lower this week at USD 51,265 per tonne 7 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 8 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 9 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 10 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

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