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Sandvik Partners With Foran For Record BEV Fleet In Canada 1 Equipment & Technology Mining technology 

Sandvik Partners With Foran For Record BEV Fleet In Canada

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Foran Mining has selected Sandvik Mining and Rock Solutions to supply a fleet of 20 battery-electric vehicles (BEVs), including trucks, loaders and drills, for its McIlvenna Bay project in Saskatchewan, Canada. Set to be the world’s first carbon-neutral copper development project, McIlvenna Bay will be powered by clean hydroelectric power and designed to take advantage of Sandvik’s latest technological advances in sustainable mining. Sandvik’s biggest BEV fleet to date will include seven Sandvik LH518B loaders, six Sandvik TH550B trucks, four Sandvik DD422iE jumbos, two Sandvik DL422iE longhole drills and one Sandvik DS412iE mechanical… Read More Here
Zambia’s copper production and prices plummet, putting country’s economic growth goals in jeopardy 2 Copper Mining in Zambia 

Zambia’s copper production and prices plummet, putting country’s economic growth goals in jeopardy

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Zambia’s economic growth goals for this year are in jeopardy as the country’s copper production and prices, which account for more than 70% of export revenue, plummet. Production dropped 7.4% to 364,089 tons in the first half of 2022, according to figures released on Tuesday by the Zambia Chamber of Mines. The metal’s price on the London Metal Exchange is down 20% this year to $7,718 a ton, well below the Ministry of Finance and National Planning’s prediction of $9,595 for the year. This metal is used in everything from… Read More Here
Tesla signs $5bn nickel products supply contracts with Indonesian firms 3 Battery Metals International 

Tesla signs $5bn nickel products supply contracts with Indonesian firms

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Indonesia has been looking to attract investments from Tesla and boost domestic development of electric vehicles and batteries. US-based Tesla has reached contracts, valued at nearly $5bn, to purchase battery materials from Indonesian nickel processing companies, reported  Reuters citing a senior cabinet minister as saying to CNBC Indonesia. Claiming to hold major nickel reserves, Indonesia has been looking to attract investments from US electric vehicle maker Tesla. Indonesian Coordinating Minister for Maritime and Investment Affairs Luhut Pandjaitan was cited by the news agency as saying in an interview broadcast: “We are still… Read More Here
DRC: Alphamin produced more than 6,200 tonnes of tin in the first half of 2022 4 Mining in DRC Tin 

DRC: Alphamin produced more than 6,200 tonnes of tin in the first half of 2022

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The mining company Alphamin produced a volume of 3,180 tonnes of tin in the second quarter of 2022. This information comes from the operational and financial report published at the end of last July, specifying that this brings the production of the first six months to 6,241 tonnes. of the year 2022. On analysis, this performance represents an increase of 4% quarter on quarter. This puts Alphamin on track to achieve its goal of 12,000 tonnes of tin produced for the full year. However, it is worth pointing out the fall… Read More Here
Copper price up as Chinese imports rise 5 Copper International 

Copper price up as Chinese imports rise

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The copper price rose on Wednesday as improving demand prospects due to stronger than expected data from the United States and China were reinforced by a lower dollar. Copper for delivery in September rose 1.9% on the Comex market in New York, touching $3.65 per pound ($9,380 per tonnes. “In the near term, better data means equity and credit markets are pricing out a more severe recession risk. In this context base metals could catch up with this risk positive shift,” said Giles Coghlan, an analyst at broker HYCM. Stronger… Read More Here
Sandvik launches AutoMine® Mapping Solution, next generation automation solution 6 Equipment & Technology International Mining technology 

Sandvik launches AutoMine® Mapping Solution, next generation automation solution

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Sandvik Mining and Rock Solutions has introduced the AutoMine® Mapping Solution, an innovative new product designed to, it says, maximise productivity and improve safety of autonomous vehicle navigation in underground mining operations through the use of mapped data. The AutoMine Mapping Solution is Sandvik’s next generation product that enables a vehicle to safely record an underground 3D environment with a mine mapping tool, and convert 3D maps to 2D. Faster configuration, and the possibility to continue to operate other equipment within the area while it is being mapped, increases productivity… Read More Here
Gold bounces above $1 800 after US inflation data 7 Gold International 

Gold bounces above $1 800 after US inflation data

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Gold prices charged higher and broke above the key $1,800 level on Wednesday after relatively tame US inflation readings prompted bets that the Federal Reserve may not opt for aggressive rate hikes. Spot gold rose 0.6% to $1 804.20 per ounce by 1249 GMT (8:49 ET). US gold futures jumped 0.6% to $1 822.30. US consumer prices did not rise in July, due to a sharp drop in the cost of gasoline, delivering the first notable sign of relief for Americans who have watched inflation climb over the past two… Read More Here
Barrick Gold tweaks cost guidance as copper boosts second-quarter earnings 8 Gold Copper Mining Companies 

Barrick Gold tweaks cost guidance as copper boosts second-quarter earnings

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Barrick Gold Corp flagged on Monday that it might overshoot its gold production cost forecast this year, though it stopped short of hiking its cost guidance, with CEO Mark Bristow saying the path of inflation was uncertain. Barrick beat analysts’ expectations with a nearly 19% rise in second-quarter profit thanks to higher copper output even as inflation drove production costs up for the world’s second-biggest gold miner. Its shares rose 2% at the open in Toronto. The company now expects to be “either at the top end or slightly above”… Read More Here
DRC: in 2021, Kinshasa produced 38% of gold from artisanal mining 9 Mining in DRC Gold 

DRC: in 2021, Kinshasa produced 38% of gold from artisanal mining

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The city of Kinshasa, the capital of the Democratic Republic of Congo (DRC), achieved a gold production estimated at 51.3 Kg during the year 2021. This is what the statistics published by the National Ministry of Mines. The production carried out in the city-province of Kinshasa represents 38% of the overall production recorded during the period indicated in this report from the Ministry of Mines. According to the same source, gold exports from the Democratic Republic of Congo (DRC) in 2021 amounted to 31,444 kg of gold, generating a sum… Read More Here
DRC: USD 412 million in revenue from cassiterite exports in 2021 10 Mining in DRC 

DRC: USD 412 million in revenue from cassiterite exports in 2021

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The Democratic Republic of Congo exported in 2021 a volume of cassiterite of around 30,596 tons for a value of 412 million 393,584 USD, according to statistics provided by the Ministry of Mines. The industrial sector produced more than two thirds of the cassiterite of the DRC, or 20,294 tons for a value of 293 million 283,496 USD against 10,301 tons for a value of 119 million 110,088 USD for the artisanal sector. Most of the cassiterite exports of artisanal origin come mainly from the EX-KATANGA area which represents 50%,… Read More Here

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