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DRC: Alphamin produced more than 6,200 tonnes of tin in the first half of 2022 1 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 2 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 3 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 4 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 5 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 6 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 7 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
World: Russian oil and gas exports amount to more than 97 billion USD since the start of military operations in Ukraine 8 International 

World: Russian oil and gas exports amount to more than 97 billion USD since the start of military operations in Ukraine

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Despite European Union sanctions against Russia, which are expected to affect almost three quarters (3/4) of Russian oil and gas exports, the world’s largest country continues to make its oil and gas cheap. Since the start of Russian military operations on Ukrainian territory, Russian oil and gas exports have reached an amount of more than 97 billion US dollars, according to the report of an Independent Research Center (CREA) published on Monday, August 8 2022 and which particularly pinpoints France. From February 24 to June 3, 2022, Russia exported exactly… Read More Here
Lower feed grades affect Kansanshi Mine 9 Copper Mining in Zambia 

Lower feed grades affect Kansanshi Mine

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First Quantum Minerals has recorded a 2,180 decrease in its copper production at its Kansanshi Mine in Solwezi for the second quarter of 2022. Kansanshi’s copper production was 39,719 tonnes, while the company’s copper production at its Sentinel mine in Kalumbila of 52,447 tonnes was on target. Combined production from the two mines was lower than the previous quarter. FQM’s Chief Executive Officer, Tristan Pascall has explained that the results at the company’s Kansanshi mine were affected by lower feed grades caused by current mining conditions, and that after an… Read More Here
Copper dips but interest rate hopes support 10 Copper International 

Copper dips but interest rate hopes support

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Copper prices eased on Monday but were supported by rising imports of the industrial metal by top consumer China and by hopes that interest rates will peak soon after rapid increases aimed at curbing inflation. Benchmark copper CMCU3 on the London Metal Exchange (LME) traded down 0.2% at $7 850 a tonne in official rings. Prices of the metal used as a gauge of economic health have climbed 13% since July 15, when they touched the lowest since November 2020 at $6 955. “The bounce in metal prices and more broadly other… Read More Here

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