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Germany to extract lithium from thermal water reservoirs

August 23, 2020August 23, 2020 admin

Researchers at Germany’s Karlsruhe Institute of Technology have developed an environmentally friendly process to extract lithium from the salty thermal water reservoirs that are located in the Upper Rhine Trench. Similar to other initiatives that are taking place in the UK, the German scientists want to recover the white metal using minimally invasive processes. The mechanism they have come up with consists of filtering out lithium ions from the thermal water and then further concentrating them until lithium can be precipitated as a salt. “As far as we know, there can… Read More Here

Miners relieved after DRC makes exceptions to export ban

August 23, 2020August 23, 2020 admin

The Democratic Republic of the Congo (DRC) has given mining companies an indefinite waiver to an export ban on cobalt hydroxide and carbonate, as well as tin, tungsten and tantalum concentrates after meeting the country’s biggest miners in Kinshasa. The mines ministry also announced on Saturday an export ban waiver on copper concentrate, but said the duration of that waiver is still to be determined, with companies expected to submit proposals in a week. The DRC, the world’s leading producer of cobalt and Africa’s biggest copper producer, banned exports of… Read More Here

Mining in DRC Economy

Tighten controls over miners for currency repatriation- DRC

August 21, 2020August 21, 2020 admin

Authorities in the Democratic Republic of Congo have indicated they will tighten controls on mineral exports to tame a weakening local currency against the US dollar. The move came as the local Congolese France continued to drop in value against the dollar, in what officials claimed was lack of following the rule by mineral exporters. Deogratias Mutombo, the Governor of the Central Bank of Congo (BCC) argued on Monday that the current depreciation of the local currency is caused by the lack of repatriation of foreign earnings by mining companies… Read More Here

Mining in DRC Exploration International

Ivanhoe and China’s CNMC are set to examine exploration opportunities in Africa

August 21, 2020August 21, 2020 admin

Canadian mining company Ivanhoe Mines has signed an agreement with China Nonferrous Metal Mining (CNMC), to jointly explore, develop or acquire mining projects in Africa. The strategic partnership would also see the two companies being active in the Democratic Republic of Congo (DRC), exploring production, smelting, and logistics opportunities. Ivanhoe Mines co-chairmen Robert Friedland said: “Our long-standing relationship with CNMC goes back decades to when Wu Jianchang was the general manager of China National Nonferrous Metals Industry Corporation − a pioneer industrial group specialising in the mining and metallurgy sector.… Read More Here

Cobalt Mining in DRC

Huayou Cobalt to stop the Purchase of cobalt in DRC

August 21, 2020August 21, 2020 admin

Chinese refiner Huayou Cobalt has stopped all purchases of cobalt from two artisanal and small-scale mines (ASM) in the Democratic Republic of Congo, in response to human-rights concerns. Huayou Cobalt will not resume purchases from the Kasulo and Kamilombe mines until standards are developed for the DRC by the Better Mining programme, which is being developed by German supply chain organisation the RCS Group, reported Reuters. Mining Magazine reported earlier this month that Better Mining’s collaboration with Huayou Cobalt had been extended. RCS monitoring will continue at the Kasulo and Kamilombe mines… Read More Here

Diamond

Gem recovers 442 ct of diamond in Lesotho

August 21, 2020August 23, 2020 admin

London-listed Gem Diamonds has recovered a high-quality 442 ct Type II diamond from its Letšeng mine, in Lesotho. CEO Clifford Elphick says the recovery of the 442 ct diamond “is further confirmation of the calibre of the Letšeng mine and its ability to consistently produce large, high-quality diamonds”. A portion of the proceeds from the sale of this diamond will be used to fund a special community project, as agreed with the miner’s partner − the government of Lesotho. About Letseng Diamond Mine The Letšeng diamond mine, found in the landlocked Southern… Read More Here

International Iron Ore

Rising supplies to undermine iron ore prices

August 21, 2020August 23, 2020 admin

Iron ore prices may extend their steep gains in coming weeks, buoyed by speculators and supply chain disruptions, but rising supplies are set to eventually undermine the rally. According to Fast markets MB, benchmark 62% Fe fines imported into Northern China were changing hands for $129.09 a tonne on Thursday, up 6.5% over the last week. That was the highest level for the steelmaking raw material since January 2014 and brings gains for 2020 to 40%. The iron ore price is being propelled by China’s stimulus to prop up its pandemic-hit economy… Read More Here

Mining in Zambia Mining Careers

ACCOUNTANT | MINING CAREERS AT SINO METALS LEACH, ZAMBIA

August 21, 2020August 21, 2020 admin

‎Sino- Metals leach Zambia Limited P.o Box 22880, Kitwe ACCOUNTANT Category: Process | Location: Kitwe, Zambia Sino- Metals Leach Zambia Limited is a copper mining and processing company which is based on the Copperbelt. Kalulushi District. The company is a subsidiary of China Nonfenous Metal Mining Corporation Group (CNMC). It is a multinational company that provides a unique multiracial working environment that promotes self-realization and actualization. ‎Sino-Metals Leach Zambia Limited seeks to engage the services of a suitably qualified and adequately experienced Accountant. The applicant shall be in possession of professional accounting qualifications… Read More Here

Covid-19 Cobalt

China to boost cobalt reserves as virus spurs supply risks

August 19, 2020August 20, 2020 admin

China’s state stockpiling agency has drawn up plans to buy 2,000 tonnes of cobalt after the coronavirus pandemic highlighted the fragility of supplies of the strategic mineral. The National Food and Strategic Reserves Administration could put its purchasing plan into action by the end of this year, according to two people familiar with the matter, who asked not to be identified because they’re not authoriSed to speak publicly. The move is in response to supply disruptions from top producer, the Democratic Republic of Congo (DRC), and is in line with… Read More Here

Copper

Copper price jumps to 2-year high

August 19, 2020August 19, 2020 admin

Copper prices rallied on Tuesday on the back of falling inventories, unprecedented Chinese economic stimulus and ongoing worries about pandemic-hit supply from top producer South America. Copper for delivery in September trading in New York changed hands for $2.9815 a pound ($6,573a tonne) in afternoon trade, up 2.8% from Monday’s settlement. Copper futures prices are on track for the highest close since July 2018 and are now up by more than 50% from the covid-19 lows struck in March. Stocks down Copper inventories in warehouses operated by the London Metal Exchange… Read More Here