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Equinox expects production growth in 2021, eyes 1moz by 2023 1 Gold International 

Equinox expects production growth in 2021, eyes 1moz by 2023

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Over the next three years, Equinox Gold expects to continue with its trend of growing gold output, reaching the 1 million oz. annual output level by 2023. The gold producer has provided 2021 guidance, with 600,000 to 665,000 oz. expected this year at all-in sustaining costs of $1,190 to $1,275 per oz. The production numbers represent a 33% increase over the 477,200 oz. generated last year and do not include any contributions from the C$612 million Premier Gold Mines acquisition, announced in December and expected to close in March “2021 represents… Read More Here
Copper price rally resumes on US stimulus, decade low China stocks 2 Copper International 

Copper price rally resumes on US stimulus, decade low China stocks

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Copper prices rose on Monday as optimism around a US stimulus raised hopes of higher demand for metals and a recovery in the world’s biggest economy. The copper price rose as much as 1.3% to $3.6745 ($8,100 a tonne) on the Comex market on Monday, with March delivery contracts back within shouting distance of multi-year highs hit early in January. The metal has rallied nearly 90% since the depth of the pandemic in March. Stimulus support Commodities including copper and gold are finding supportive sentiment from US Treasury Secretary Janet Yellen “talking… Read More Here
Elon Musk offers $100 million for best carbon capture innovation 3 Innovation 

Elon Musk offers $100 million for best carbon capture innovation

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Tesla boss Elon Musk is offering $100 million to the winner of a new X Prize Foundation four-year global competition focused on developing carbon dioxide removal (CDR) technologies. The prize will be awarded to the best project plan to eliminate carbon dioxide directly from the atmosphere or oceans and store that carbon in a safe, cost-effective way. WINNER MUST BE ABLE TO REMOVE ONE TONNE (2000 POUNDS) OF CARBON DIOXIDE OUT OF THE ATMOSPHERE OR OCEANS PER DAY “This is not a theoretical competition; we want teams that will build real systems… Read More Here
DRC: Central Bank Governor wishes Felix Tshisekedi a "successful mandate" at the head of the AU 4 Mining in DRC Mining Personality 

DRC: Central Bank Governor wishes Felix Tshisekedi a “successful mandate” at the head of the AU

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The governor of the Central Bank of Congo (BCC), Déogratias Mutombo Mwana Nyembo, in a congratulatory message to Félix Tshisekedi, wished him a “fruitful mandate” as President of the African Union. The boss of the BCC implores in favor of the new president of this pan-African organization “the accompaniment of Almighty God” in his new responsibilities in the best interests of Africans. Note that the Central Bank is the economic and financial adviser to the government. As a result, this institution, through its expertise, is ready to make a contribution during… Read More Here
Gold prices rise on hopes of recovery in the United States of America 5 Gold International 

Gold prices rise on hopes of recovery in the United States of America

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Gold prices surged higher on Monday as investor attention shifted back to the prospect of a substantial US stimulus package, which made bullion more attractive as a hedge against inflation. Spot gold continued to rebound from last week’s slowdown, rising 1.2% to $ 1,834.05 an ounce at 11:35 a.m. EST. US gold futures also rose 1.4% to $ 1,839.20 an ounce in New York. “Gold is getting its strength from renewed optimism about US stimulus packages and rising inflation expectations,” Lukman Otunuga, senior research analyst at FXTM, told Reuters. “The metal… Read More Here
Non-destructive testing (NDT) now offered by WearCheck 6 Equipment & Technology 

Non-destructive testing (NDT) now offered by WearCheck

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Advanced field services, transformer chemistry testing, reliability solutions – these are some of the extra services offered by condition monitoring specialists, WearCheck, in addition to traditional used oil analysis following recent expansion. The company’s advanced field services (AFS) division incorporates specialist monitoring techniques such as rope testing, technical compliance and non-destructive testing (NDT). Adri Ludick, NDT manager for WearCheck, outlines the benefits and details of various non-destructive testing techniques. ‘The NDT approach features a variety of testing techniques through which the properties and condition of a component or system are… Read More Here
Mining Platform applauds Power projects making a difference Africa 7 Energy 

Mining Platform applauds Power projects making a difference Africa

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According to the latest edition of Mining Elites in Africa, mines on the continent are beginning to adopt hybrid power plants. The power projects at two gold mines in Mali and at Ivanhoe’s Kamoa-Kakula copper production in the DRC were chosen in the annual publication as stand-out examples of making a real difference in the sector, and in particular of how mining companies are increasingly developing their own, greener sources of much-needed electricity. Mining Elites in Africa 2021 was launched recently by Mining Review Africa. “This year we chose to focus on mining… Read More Here
Caterpillar enhance mining equipment simulators’ sustainability 8 Equipment & Technology 

Caterpillar enhance mining equipment simulators’ sustainability

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Caterpillar customers will now enjoy the latest simulator-based equipment training solutions courtesy of a new deal with ThoroughTec Simulation. The development comes after a global cooperation agreement to help improve safety, boost productivity, increase machine availability and create more sustainable mining operations. Under the agreement, Caterpillar Mining will recommend ThoroughTec Simulation as their approved supplier of mining equipment simulators. In turn, Caterpillar will provide ThoroughTec Simulation exclusive access to confidential Cat machine technical data and engineering expertise. The deal will enable ThoroughTec to continue strengthening its capabilities as a leading… Read More Here
Decarbonisation will need more, better mining 9 Energy 

Decarbonisation will need more, better mining

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The World Bank (WB) estimates, for instance, that production of minerals like graphite, lithium and cobalt could grow by 500 percent in the next three decades to meet demand for clean energy technologies. This comes on the backdrop that mining remains a vital part of a low-carbon future, a fact that was confirmed by the topics prioritised at the recent Investing in African Mining Indaba’s virtual conference this week. “The message was clear: mining is part of the solution as the planet addresses climate change through a range of renewable… Read More Here
Vedanta suffers a legal blow to their Konkola Copper Mines split saga 10 Copper Mining in Zambia 

Vedanta suffers a legal blow to their Konkola Copper Mines split saga

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In a ruling that is set to be a blow to Vendanta Resources, a company owned by India, on Monday the Zambian court rejected a motion by miner Vedanta Resources to stop a state-appointed provisional liquidator from breaking up and selling the properties of its Konkola Copper Mines (KCM) unit. The Indian company had vowed to fight any attempt by Zambia to sell KCM to third parties. Vedanta has been locked in a protracted dispute with the Zambian government since May 2019, when the Zambian government, which owns 20% of… Read More Here

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