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Gold price holds steady as traders weigh Fed rate path 1 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 2 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 3 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 4 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 5 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 6 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
Sandvik, Flanders to digitise technologies 7 Equipment & Technology International Mining technology 

Sandvik, Flanders to digitise technologies

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Sandvik Mining and Rock Solutions has signed a deal with Flanders to develop a digital interface. The digital interface will be designed to connect Flanders’ ARDVARC autonomous drill system and Sandvik’s iSeries rotary blasthole drills. The creation of a digital interface will allow Sandvik’s rotary drills to work with the ARDVARC system with little to no changes made to the drill rig. The companies are targeting a ‘plug and play’ approach which would allow the two systems to work together. Developing the interface would also mean that customers would have… Read More Here
Gold price rises on expectations of super-sized Fed rate hike 8 Gold International 

Gold price rises on expectations of super-sized Fed rate hike

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Gold advanced to the highest since late August on Friday as expectations firmed for a super-sized interest rate increase from the US Federal Reserve later this month. Spot gold rose 0.5% to $1,716.27 per ounce by 12:05 p.m. ET, on pace for its first weekly gain in a month. US gold futures bounced 0.4% to $1,727.40 per ounce in New York. Meanwhile, the dollar dropped to a more than one-week low against its rivals, making greenback-priced bullion less expensive for overseas buyers. “The US dollar index really dropped sharply overnight… Read More Here
on the rise, cobalt exceeded the bar of 50,000 USD per tonne this week 9 Cobalt International 

on the rise, cobalt exceeded the bar of 50,000 USD per tonne this week

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After tumbling for several months on the international market cobalt is expected to surpass the USD 50,000 per tonne mark this week in the international market. According to projections by the Congolese Ministry of Foreign Trade’s National Mercurial Commission, a tonne of cobalt should trade at 51,265.00 USD this week over the period from 5 to 10 September 2022 against 49,257.00 USD the ton a week earlier, representing a price increase of around USD 2,008, representing a ratio of 4.08%. According to the same document, copper should also see a… Read More Here
Copper price up on lower-than-expected inflation in China 10 Copper International 

Copper price up on lower-than-expected inflation in China

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The copper price rose on Friday supported by a weaker dollar and lower-than-expected inflation numbers from China. Copper for delivery in December rose 2.8% from Thursday’s settlement price, touching $3.62 per pound ($7,964 per tonne). The most-traded October copper contract on the Shanghai Futures Exchange advanced 3.2% to 62,900 yuan ($9,069.41) a tonne. The dollar took a breather from its surging rally, making greenback-priced metals cheaper to holders of other currencies. China’s consumer prices rose at a slower-than-expected pace in August amid heatwaves and covid-19 flare-ups, while producer inflation hit an… Read More Here

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