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Epiroc records ‘best quarter ever for electrification’ 1 Equipment & Technology International Mining technology 

Epiroc records ‘best quarter ever for electrification’

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In a quarter of record revenues and adjusted operating margin, Epiroc’s battery-electric equipment orders and market demand for electrified mining solutions again came to the fore. The company posted revenues of SEK11.9 billion ($1.2 billion) in the June quarter, 22% up on the same three-month period of a year ago. Its adjusted operating margin came in at 23.6%, compared with 22.6% a year earlier. Epiroc’s aftermarket division continued to dominate the balance sheet, accounting for 73% of revenues, which itself was up on the 69% registered in the June quarter… Read More Here
Auction of Congolese oil & gas blocks: Patrick Muyaya reminds Greenpeace that DRC has rights to exploit its wealth 2 Mining in DRC Energy Oil & Gas 

Auction of Congolese oil & gas blocks: Patrick Muyaya reminds Greenpeace that DRC has rights to exploit its wealth

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The Minister of Communication, Patrick Muyaya insisted on the need for the Democratic Republic of Congo to exploit its oil and gas blocks in order to allow the country to benefit from the advantages of its wealth.  During the joint briefing with the Ministry of Tourism, held on Wednesday July 20, the government spokesperson responded to the denunciations of the international environmental protection NGO, Greenpeace. Patrick Muyaya reminded this NGO that there are current oil drilling techniques that are safe for the ecosystem.  “There are current drilling technologies that make it… Read More Here
Auction of oil and gas blocks in the DRC: Modero Nsimba refutes the denunciations of Greenpeace 3 Mining in DRC Energy Oil & Gas 

Auction of oil and gas blocks in the DRC: Modero Nsimba refutes the denunciations of Greenpeace

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The Minister of Tourism, Modero Nsimba responded to the international environmental protection NGO, Greenpeace, which invited, in its press release of Tuesday July 19, the oil and gas majors to refrain from buying rights to 27 oil blocks and 3 gas blocks auctioned by the authorities of the Democratic Republic of Congo in order to protect biodiversity. It was during the government briefing on endangered protected areas held on Wednesday 20 July. The Minister of Tourism denounced the attitude of the NGO Greenpeace which, according to him, is in the process… Read More Here
Epiroc to deliver advanced autonomous drilling solutions to SNIM in Mauritania 4 Equipment & Technology International Mining technology 

Epiroc to deliver advanced autonomous drilling solutions to SNIM in Mauritania

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Epiroc has won a large order for surface mining equipment from Société Nationale Industrielle et Minière, in Mauritania. Société Nationale Industrielle et Minière, known as SNIM, is one of Africa’s largest iron ore producers. The mining company has ordered a package of Epiroc Pit Viper 351 drill rigs with advanced automation solutions that will be used at the new F’Derick mining site. Epiroc will, in addition, provide service supervision and spare parts. The equipment order is valued around SEK150 million ($14.7 million) and was booked in the June quarter of… Read More Here
Cameroon’s anti-graft agency says investigations into Glencore bribery underway 5 Energy Mining Companies 

Cameroon’s anti-graft agency says investigations into Glencore bribery underway

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Cameroon’s anti-corruption agency is investigating claims by miner and commodities trader Glencore Plc that it paid bribes to officials at state-run companies in exchange for favours, an official said on Tuesday. Dieudonne Massi Gams, chairman of the central African country’s National Anti-Corruption Commission (CONAC), told Reuters that the agency had set up a commission of inquiry since complaints made by civil society and local media. “We are working on it and will take our time in order to produce good results,” Gams said, without giving further details. In June, Glencore’s UK subsidiary … Read More Here
Copper price down as growth outlook deteriorates 6 Copper International 

Copper price down as growth outlook deteriorates

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Copper prices fell on Tuesday as worries about demand in China and elsewhere due to a slowdown in growth were reinforced by rising inventories, while a lower US dollar provided some support. Copper fell 1.6% to $3.29 ($7,062) a tonne on the Comex market in New York. “Individual metals aren’t really being driven by their own fundamentals, macro factors are driving metals at the moment,” said Caroline Bain, chief commodities economist at Capital Economics. “The growth outlook has deteriorated … prices could fall a little further, there is momentum there,… Read More Here
Metso Outotec to supply plant equipment to Kamoa Copper in DRC 7 Mining in DRC Equipment & Technology Mining technology 

Metso Outotec to supply plant equipment to Kamoa Copper in DRC

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Kamoa Copper has selected Metso Outotec to supply key concentrator plant equipment to the company’s copper mining complex expansion in the Democratic Republic of Congo. The value of the order, which is not disclosed, has been booked in Metso’s second quarter 2022 orders received. Metso Outotec’s scope of delivery consists of Planet Positive processing equipment, including energy efficient HIGmill regrind mills with polyurethane wear linings. The delivery also includes Larox PF 60 Series concentrate filters and TankCell flotation cells for the efficient recovery of valuables. “One of the key missions for Kamoa Copper is to implement low-carbon technology… Read More Here
Greenpeace denounces the auctioning of oil and gas blocks in the DRC 8 Mining in DRC Energy Oil & Gas 

Greenpeace denounces the auctioning of oil and gas blocks in the DRC

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Environmental organization Greenpeace on Tuesday urged oil and gas majors to refrain from buying rights to 27 oil blocks and 3 gas blocks auctioned by authorities in the  Democratic Republic of Congo  to protect biodiversity, according to a press release. Tenders for the allocation of rights to these blocks will be launched on July 28, the Congolese Minister of Hydrocarbons, Didier Budimbu, announced on Monday.  The oil blocks concerned are spread over several regions of the country: three in the coastal basin, nine in the central Cuvette, eleven in the Graben of… Read More Here
DRC auctions off 27 oil blocks and 3 gas blocks 9 Energy Mining in DRC Oil & Gas 

DRC auctions off 27 oil blocks and 3 gas blocks

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The Congolese authorities announced on Monday that they had decided to auction twenty-seven oil blocks and three gas blocks in  the Democratic Republic of Congo , ignoring criticism from Greenpeace, we learned from an official source. Out of 32 blocks initially selected, calls for tenders for the allocation of rights will be launched on July 28 for 27 oil blocks, in particular the two blocks returned by Israeli businessman Dan Gertler and 3 gas blocks. declared Didier Budimbu, Congolese Minister of Hydrocarbons. The blocks concerned are distributed as follows over several corners… Read More Here
DRC: here are the 30 oil and gas blocks concerned by the calls for tenders 10 Mining in DRC Oil & Gas 

DRC: here are the 30 oil and gas blocks concerned by the calls for tenders

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The Minister of Hydrocarbons, Didier Budimbu announced this Monday, July 18 the organization at the end of the month, of calls for tenders for 30 blocks including 27 oil and 3 gas for the rights of hydrocarbons.   Here are the oil and gas blocks concerned by the first phase of these calls for tenders:  A. 27 Oil Blocks I. For the Coastal Basin (3 Blocks) 1. Block Yema II: Is located in the Territory of Muanda, district of Bas-fleuve, province of Kongo-Central; 2. Block Nganzi: Extends in the territories of… Read More Here

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