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Gold price on course for biggest monthly gain since July

June 1, 2021June 1, 2021 admin

Gold prices held firm on Monday and are on course for their biggest monthly jump since July 2020, as growing inflationary pressures continue to provide a boost to bullion’s appeal. Spot gold dipped by 0.2% to $1,904.41 per ounce by 11:45 a.m. ET, but is still up 7.7% for the month. US gold futures saw a modest gain of 0.1% to $1,908.20 per ounce on the Comex. Meanwhile, the US dollar — often viewed as an alternative to bullion — is headed for a second month of decline, with the US… Read More Here

Equipment & Technology Mining technology

Sandvik on walking the journey of automation in southern Africa

May 31, 2021May 31, 2021 admin

Mine automation not only holds great potential in southern Africa, but it is already seen by many mines as an essential element of their future productivity and commercial sustainability. According to Simon Andrews, Managing Director at Sandvik Mining and Rock Technology Southern Africa, his company has long been applying the world’s most advanced technologies on the sub-continent, with local skills underpinning its success. “Our differentiator is that we can take state-of-the-art technology – the result of our global investment in research and development – and apply it to the needs… Read More Here

Mining Careers Mining in Zambia

COORDINATOR, MECHANICAL- OXYGEN PLANT UTILITIES & SERVICES | MINING CAREER AT FQM, KALUMBILA, SOLWEZI, ZAMBIA

May 31, 2021May 31, 2021 admin

Requisition Number: JR2866| Country: Zambia | Contract Type: Fixed Term| Location: Solwezi | Categories: Smelter Apply now KEY RESPONSIBILITIES Develop, formulate and continuously review the targets for the mechanical department to achieve the business objectives and manage the performance results to achieve the targets and plans in the area of his appointment. Review the ordering of all mechanical spares procured with the objective of eliminating the risk of operational downtime in case of equipment/component failure Asses the mechanical asset inventory/equipment and systems and develop the maintenance systems to achieve the availability for meeting the business objectives Through the inventory… Read More Here

Uranium Mining in Zambia Mining Supply Tenders New Mining Projects

GoviEx, Hydro Tech sign drilling contract for Mutanga project

May 31, 2021June 6, 2021 admin

GoviEx Uranium Inc. has sealed a drilling contract with Hydro Tech Drilling & Exploration (Hydro Tech) to undertake exploration and resource delineation drilling programs on Mutanga Uranium project. “With the reissued Chirundu Mining Permit we are keen to get back to advancing our Zambian assets with the development of Mutanga. The Project benefits from very simple and straightforward operations due to low-waste stripping, low acid consumption and potentially one of the lowest capital expenditure requirements of its African peers needed to get into production,” said Daniel Major, Chief Executive Officer… Read More Here

Battery Metals Cobalt Mining in DRC

Electric vehicle market will help double global demand for cobalt by 2025 (Glencore)

May 31, 2021May 31, 2021 admin

Electric vehicles are one of the most popular ways around the world to reduce the carbon footprint of transport. The boom in this sector will logically increase the demand for cobalt, a metal used for the production of batteries for these vehicles. The world market for cobalt is expected to grow from an annual demand of 120 to 130,000 tonnes currently, to a demand of 240 to 260,000 tonnes by 2025. At least that is what Mining Weekly reports, quoting David Brocas, manager. of cobalt trading at the Swiss giant Glencore.… Read More Here

Cobalt Copper Mining in DRC

DRC concentrate export ban may tighten global copper, cobalt supply

May 31, 2021May 31, 2021 admin

The Democratic Republic of Congo has reinstated an export ban on copper and cobalt concentrated but will allow mining companies that hold waivers to continue with shipments. Congo, the world’s no.1 cobalt producer and Africa’s biggest copper miner, banned exports of concentrates in 2013 to encourage miners to process and refine the ore locally. Insufficient smelting capacity, however, has driven the Congolese government to repeatedly issue waivers. In August last year, the mining ministry granted an indefinite moratorium for all minerals exports, except copper concentrate, pending discussions with miners. The… Read More Here

Mining in DRC Cobalt Copper

Drilling programme imminent at Luanshimba – DRC

May 28, 2021May 28, 2021 admin

AIM-listed Red Rock Resources will soon begin a drilling programme at its Luanshimba License in the Democratic Republic of Congo (DRC), which contains copper and cobalt targets. Red Rock resources owns 80% of the Luanshimba project, which is situated 65 km south-east of the provincial capital of Lubumbashi in Haut-Katanga, in a 420 hectare prospecting license in the Congolese Copperbelt. Rubaco SARL have been engaged to carry out a 2 000m Reverse Circulation drill programme comprising 20 holes, with an option to extend to 3 000 m Progressing Luanshimba has been… Read More Here

Equipment & Technology Mining technology

Multotec’s new spiral for retreating ultra-fines

May 28, 2021May 28, 2021 admin

Multotec has taken another innovative step to help customers recover more of their valuable ultra-fine material so that it does not go to waste in the discard. As a leading designer and manufacturer of spiral concentrators, Multotec has released its UX7 spiral which focuses on recovering material in the particle size range of 75 microns and smaller. Refentse Molehe, process engineer at Multotec, says the success of the Multotec UX7 is based on extensive in-house test work, which has led to improvements and around 13% better recovery. “Much of the… Read More Here

Equipment & Technology Mining technology

Epiroc to improve miners’ geological models with Kinetic Logging Services buy

May 28, 2021May 28, 2021 admin

Epiroc has agreed to acquire Kinetic Logging Services Pty Ltd, an Australia-based company that provides mining companies with geophysical logging services. Based in Perth, Kinetic Logging Services provides mining technology measurement services to build improved geological models to help mining companies increase productivity, Epiroc says. The company’s flagship product is OreSight, a solution that provides near real-time borehole assay data and grade information. Mining companies feed this data directly into their blast pad models, allowing them to make improved decisions on production and ore blending. The company is part of… Read More Here

Mining in DRC Battery Metals Lithium

AVZ Minerals: Moving forward to development of its DRC lithium project

May 28, 2021May 28, 2021 admin

With lithium supply expected to enter a deficit within the next few years owing to increased demand from the burgeoning electric vehicle sector, where lithium-ion batteries dominate, ASX-listedlithium developer AVZ Minerals is well placed to meet this growing demand for battery-grade lithium through the development of its Manonolithium and tin project in the Democratic Republic of Congo (DRC). CHANTELLE KOTZE speaks to MD NIGEL FERGUSON about the critical path toward construction. Demand for spodumene concentrate – a feedstock material used in the production of lithium chemicals that go into batteries for electric vehicles… Read More Here