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Lithium price smashes new record as supply struggles to feed EV growth 1 Lithium International 

Lithium price smashes new record as supply struggles to feed EV growth

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The surge in prices of lithium, the key battery material used to power electric cars, is seemingly unstoppable. Lithium carbonate hit a fresh record of 500,500 yuan ($71,315) a ton in China Friday, according to data from Asian Metal Inc. Prices more than tripled in the past year, inflating the cost of batteries used in electric vehicles, with recent gains driven by strong demand and disruptions at a domestic producing hub. Consumer support for new-energy vehicles has been gathering pace amid a global transition away from fossil fuels. The China… Read More Here
Next generation Cat 789 mining truck 2 Equipment & Technology Mining technology 

Next generation Cat 789 mining truck

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The latest generation 193 t (nominal rated payload) Cat 789 mining truck the leading OEM says builds on a legacy of proven performance “to offer efficiency gains, the next generation of cab comfort and cutting-edge connectivity.” It adds that the design “offers a weight advantage over the competition to haul more material every load and deliver a cost-per-ton advantage. A proven performer, high uptime reliability reduces overall costs to deliver a better bottom line.” The new 789 moves more material with less fuel, offering up to 9% reduced fuel consumption compared to the Tier 2 design. An advanced powertrain increases engine life by 12% and delivers… Read More Here
Epiroc makes the ‘impossible possible’ with launch of Boltec ABR 3 Mining technology International 

Epiroc makes the ‘impossible possible’ with launch of Boltec ABR

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Epiroc has taken another significant step forward in its rock reinforcement automation journey with the release of the Boltec Auto Bolt Reload (ABR). Combining the company’s ground support nous with its mechanisation and automation knowledge has resulted in a solution able to remove operators from the front end of the bolter – where personnel are most at risk of rock falls from unsupported ground – and increase bolting productivity, especially in poor ground conditions. With mining operations steadily going deeper as they develop existing and newly discovered orebodies, the rock… Read More Here
The Makuta Ya Maendeleo Consortium calls for the redefinition of the objectives, regulatory of FOMIN 4 Mining in DRC 

The Makuta Ya Maendeleo Consortium calls for the redefinition of the objectives, regulatory of FOMIN

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The Makuta ya Maendeleo Consortium has published its report analyzing the institutional and regulatory framework of the FOMIN (Mining Fund for Future Generations), established by the revised mining code of March 2018. The conclusions of this analysis show that due to the he absence of a clear vision, numerous and inconsistent objectives and deficient investment rules, the FOMIN appears as a dispersed fund which offers few guarantees of transparent, judicious and responsible management of its resources. The analysis notes that the majority of FOMIN’s objectives defined in Decree No. 19/17… Read More Here
Chinese investors plan $2.83 billion metals park in Zimbabwe 5 Lithium Nickel 

Chinese investors plan $2.83 billion metals park in Zimbabwe

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Zimbabwe’s government approved a proposal by a group of Chinese investors to establish a $2.83 billion battery-metals park that will process metals including lithium, platinum, and nickel, its latest plan to revive its moribund economy.  Hong Kong Eagle International Investment Holding Ltd. and Pacific Goal Investment Ltd. intend to develop an integrated industrial park that will include lithium-salt and nickel-sulphate plants, and a nickel-chromium alloy smelter, Eagle International said in documents seen by Bloomberg and verified by Secretary for Mines Pfungwa Kunaka. An agreement on the plan will be signed… Read More Here

Glencore eyes adding lithium to trading business — report

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Mining and commodities giant Glencore (LON: GLEN) is said to be evaluating the addition of lithium to the suite of metals it trades, as the battery metal has become the driving force behind electric vehicles (EVs) and concerns over lack of supply continue to grow.  The Swiss company would initially include lithium in its zinc and copper business run by Jyothish George and Nick Popovic, two unnamed sources told Reuters. Glencore does not own lithium mines, but has ventured into the metal recycling business this year. In February, it joined forces with… Read More Here
South Africa urged to consider its contribution to the global battery value chain 6 Battery Metals 

South Africa urged to consider its contribution to the global battery value chain

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Batteries are fast becoming the core of modern energy systems and more sustainable economies, underpinning the implementation of smart grids and minigrids, while fostering the rollout of renewable energy and e-mobility, and yet, South Africa’s involvement in the battery value chain remains limited. Trade and Industrial Policy Strategies chief economist Gaylor Montmasson-Clair questions whether South Africa will be an importer of batteries only, or if it will manage to become a part of the value chain. He explains that lithium-ion battery (LIB) cells consist largely of four components: a cathode that determines capacity and average voltage of a battery; the anode that comprises the negative… Read More Here
Gold price holds steady as traders weigh Fed rate path 7 Gold International 

Gold price holds steady as traders weigh Fed rate path

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Gold held steady as traders weighed monetary tightening path by the US Federal Reserve after economic data pointed to elevated inflation in consumer and producer prices. A measure of producer-prices fell for a second month in August, although it increased 8.7% from a year ago, Labor Department data showed Wednesday. The print come after hotter-than-expected consumer price data released the previous day and feed into mounting concerns about the breadth and pace of US inflation. Stubbornly-high inflation will likely keep the Fed’s aggressive interest-rate hikes on track for the coming… Read More Here
Wanyanga sector with a management body for the endowment of 0.3% of Alphamin Bisie Mining's turnover- DRC 8 Mining in DRC 

Wanyanga sector with a management body for the endowment of 0.3% of Alphamin Bisie Mining’s turnover- DRC

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A specialized body in charge of managing the endowment of at least 0.3% of the turnover of Alphamin Bisie Mining, holder of the mining right, has just been set up in the Wanyanga sector in Walikale territory in North- Kivu. This endowment will contribute to the community development project in accordance with the interministerial decree relating to the endowment of 0.3% of the turnover of companies holding mining rights in the Democratic Republic of Congo (DRC). The installation ceremony took place on Tuesday, September 13, 2022, at the headquarters of… Read More Here
Tertiary and FQM partner to jointly explore two Zambian copper projects 9 Mining in Zambia 

Tertiary and FQM partner to jointly explore two Zambian copper projects

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Aim-trade mineral exploration and development company Tertiary Minerals has signed a cooperation agreement with copper major First Quantum Minerals (FQM), which executive chairperson Patrick Cheetham says will “turbo-charge” its Zambian exploration efforts. The agreement covers Tertiary’s Mukai and Mushima North project interests, directly adjacent to FQM’s Trident project, which includes the large Sentinel copper mine and the recently opened Enterprise nickel mine. “We are set to benefit from FQM’s extensive and in-depth country experience, gained over many years of exploration and mine development in Zambia and, importantly, its site specific historical exploration in… Read More Here

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