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The Makuta Ya Maendeleo Consortium calls for the redefinition of the objectives, regulatory of FOMIN 1 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 2 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 3 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 4 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 5 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 6 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
TANTALEX LITHIUM ACHIEVES 6+% LI2O SPODUMENE CONCENTRATE GRADE IN HLS METALLURGICAL TEST WORK ON THE K-DUMP 7 Lithium International 

TANTALEX LITHIUM ACHIEVES 6+% LI2O SPODUMENE CONCENTRATE GRADE IN HLS METALLURGICAL TEST WORK ON THE K-DUMP

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Heavy Liquid Separation (“HLS”) tests on a 2 ton bulk samples taken from the K-dump produced a 6+% Li2O spodumene concentrate at four different size classifications. HLS tests produced a 6.5% Li2O spodumene concentrate at overall lithium recoveries exceeding 60%. Fe2O3 content of +- 1.3% in final spodumene concentrate to be reduced further with magnetic separation in Phase 2 testworks. HLS testing is the industry standard lab bench scale testing to establish if physical metallurgy will be sufficient to beneficiate mineral deposits into sellable concentrates. In the K- dump, Li2O, Sn… Read More Here
Copper price falls as markets brace for US rate hikes 8 Copper International 

Copper price falls as markets brace for US rate hikes

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Copper prices fell on Wednesday as the threat of rising interest rates dampened the economic growth outlook and held the dollar near 20-year highs. With data on Tuesday showing higher-than-expected US inflation, expectations are for a 75 basis points rate increase from the Federal Reserve next Wednesday. The dollar also hit its biggest one-day price since March 2020.  “Where’s the growth?” said a trader in London, suggesting that metals prices may fall further. “If the US is raising rates faster than other countries, that will exert upward dollar pressure and… Read More Here
Gold ticks up on softer dollar, US inflation data in focus 9 Gold International 

Gold ticks up on softer dollar, US inflation data in focus

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Gold prices rose on Monday as the dollar fell to a more than two-week low, prompting investors to buy bullion, while markets eyed US inflation data for further clues on Federal Reserve rate hikes. Spot gold was up 0.4% at $1 722.79 per ounce  as of 08:26 GMT. US gold futures rose 0.3% to $1 733.20. The dollar index hovered close to its lowest level since August 26, making gold less expensive for holders of other currencies.  “Gold’s gains at the onset of this week should prove temporary if the incoming US CPI… Read More Here

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