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Gold price rebounds to 2-week high on Fed relief hopes 1 Gold International 

Gold price rebounds to 2-week high on Fed relief hopes

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Gold prices rose to a two-week high on Wednesday as the US dollar and Treasury yields slipped on expectations that the Federal Reserve would temper its aggressive rate-hike stance from December. Spot gold rose 1% to $1,668.92 per ounce by 10:50 a.m. ET after touching its highest since October 13. US gold futures were up 0.8% to $1,669.90 per ounce in New York. Meanwhile, the dollar extended losses to a more than one-month low against its rivals, making gold less expensive for other currency holders. Benchmark US 10-year Treasury yields… Read More Here
Consider industrial mining investment outside of Greater Katanga! (Grandstand)-DRC 2 Mining in DRC Cobalt Copper Lithium 

Consider industrial mining investment outside of Greater Katanga! (Grandstand)-DRC

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The DRC is a geological scandal. There is gold, cobalt, copper, lithium, coltan, etc. These natural advantages are reflected in particular by the country’s positive growth rate, driven largely by the mining sector. However, on closer inspection, this potential seems to me to be under-exploited. Indeed, when I analyze the State of mining titles dated July 2021, it appears that out of the 388 active mining titles belonging to private entities, 245, or 63% are located in the provinces of Upper Katanga and Lualaba. The western provinces where there are however traces of minerals… Read More Here
All mining products exported from the DRC are down this week on the international market 3 Copper Cobalt Mining in DRC Zinc 

All mining products exported from the DRC are down this week on the international market

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The general trend of mining products exported from the Democratic Republic of Congo (DRC) is bearish this week over the period from October 24 to 29, 2022. This is reported by the National Commission on Price Lists of the Ministry of Foreign Trade. According to this report, cobalt, which had for several weeks maintained its price above 51,000 USD per ton, should drop slightly this week to 51,260 USD per ton against 51,261.50 USD per ton last week. i.e. a slight drop of around -1.5 USD. On the same market,… Read More Here
In the red this week, the price of a tonne of tin would be down by 492 USD 4 Mining in DRC Tin 

In the red this week, the price of a tonne of tin would be down by 492 USD

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Tin, one of the main mining products exported from the Democratic Republic of Congo (DRC), is expected to suffer a significant drop this week on the international market. This is what emerges from the communiqué of the experts of the Congolese Government of the National Commission of Mercuriales for the week from October 24 to 29, 2022. According to these experts, tin should fall to 20,094.00 USD per tonne this week against 20,586.00 USD per tonne last week, a negative gap of -492 USD. During this week, the general trend… Read More Here
Liebherr unveils R 9300 mining excavator at bauma 2022 5 Equipment & Technology International Mining technology 

Liebherr unveils R 9300 mining excavator at bauma 2022

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Liebherr Mining has announced the R 9300 Generation 8 hydraulic excavator at bauma 2022. Replacing the existing R 9250 excavator in the 250 t class market, the R 9300 encompasses the OEM’s most advanced design principles and technology platforms to further enhance machine performance, efficiency, and safety. The latest hydraulic excavator to join Liebherr Mining’s portfolio is unveiled at Bauma tradeshow in Germany. The second Generation 8 excavator launched within the portfolio, the R 9300, builds on Liebherr’s decades of excavator design expertise for the mining industry and is fitted with the… Read More Here
Anglo American class action lawsuit rages on 6 Mining in Zambia Natural gas 

Anglo American class action lawsuit rages on

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A class action lawsuit targeting mining giant Anglo American over alleged health problems caused by lead mines in central Zambia will hear who can participate in the case in November. The legal challenge filed in South Africa accuses the British-listed mining company of effectively poisoning villages in Kabwe, north of the capital Lusaka. “The way in which the mining operations were conducted in such close proximity to residents has resulted in huge levels of contamination of the soil,” says Richard Meeran, solicitor for Leigh Day in London, adding that this… Read More Here
Electra Mining Botswana will not be going ahead in 2023 7 Events & Expos 

Electra Mining Botswana will not be going ahead in 2023

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Specialised Exhibitions, a division of the Montgomery Group, has announced that Electra Mining Botswana will not be going ahead in 2023. A strategic review of the local Botswana mining and industrial show and the broader vision that Specialised Exhibitions has for the expansion of Electra Mining Africa has led the organisers to this decision. “We recognise and value the tremendous levels of support that Electra Mining Botswana has received from local stakeholders over the years. The show has provided a platform where buyers and suppliers of products can meet and… Read More Here
Epiroc improves Mobilaris Tunneling Intelligence 8 Equipment & Technology Mining technology 

Epiroc improves Mobilaris Tunneling Intelligence

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Epiroc’s newly enhanced Mobilaris Tunneling Intelligence integrates planning data, work progress data, and asset- and person-tracking into one decision support system for tunnel sites. With the latest upgrade, it is now easier than ever to achieve higher positioning accuracy without having to expand the network’s infrastructure. “Every tunnelling project is unique and consists of equipment from various vendors and generations. Mobilaris Tunneling Intelligence is a technology-agnostic decision support system that sets a new standard for tunneling by integrating data from different technologies into one system.” This technology-agnostic decision support system… Read More Here
Gemfields resumes Mozambique operations after nearby attack 9 Gemstones 

Gemfields resumes Mozambique operations after nearby attack

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Precious stone miner Gemfields Group has resumed operations at its mine in Mozambique’s Cabo Delgado province, it said on Monday, after halting production last week when an attack was reported at a nearby facility. An Islamic State-linked insurgency in the northern Cabo Delgado province has claimed thousands of lives since 2017, disrupting multibillion-dollar natural gas and mining projects. Gemfields halted operations and evacuated non-security staff and contractors on Thursday after an attack attributed to insurgents was reported 12 km (7.46 miles) southeast of its Montepuez ruby mine in Cabo Delgado province. “Key… Read More Here
Copper price down as China’s yuan falls to lowest since 2008 10 Copper International 

Copper price down as China’s yuan falls to lowest since 2008

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Copper prices fell on Monday as investors worried about the pace of economic growth in China and the yuan fell to its weakest versus the dollar since 2008, making dollar-priced commodities costlier for Chinese buyers.  Data showed China’s economy rebounded faster than anticipated in the third quarter but the outlook is clouded by covid-19 control measures, a property slump, and weakening growth elsewhere in the world Meanwhile, Xi Jinping’s newly unveiled leadership team heightened fears that economic growth will be sacrificed for ideology-driven policies. Copper for delivery in December fell… Read More Here

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