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Jubilee commissions cobalt refining circuit in Zambia 1 Cobalt Copper Mining in Zambia 

Jubilee commissions cobalt refining circuit in Zambia

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Jubilee Metals Group PLC, a leader in metals processing with operations in Africa (AIM: JLP/Altx: JBL), is pleased to announce an update at its Zambian operations where the integration of the Sable Copper and Cobalt refinery with the newly constructed copper concentrator, Project Roan, continues as part of Jubilee’s Southern Refining Strategy. Highlights –      Cobalt refining circuit at the Sable Refinery entered the commissioning phase during June 2022 in line with original timing expectations, with first trial cobalt product produced per the expected commissioning and ramp up schedule: o  Commercial production is targeted… Read More Here
Rajant and Epiroc Announce Validation for Semi-Autonomous and Autonomous Surface Drilling Globally 2 Equipment & Technology International Mining technology 

Rajant and Epiroc Announce Validation for Semi-Autonomous and Autonomous Surface Drilling Globally

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Rajant Corporation, the pioneer of Kinetic Mesh® wireless networks, and Epiroc, a leading productivity and sustainability partner for the mining and infrastructure industries, announce successful validation for both semi-autonomous and autonomous drilling. As part of the validation, deployment best practices guidelines were created to support the deployment of Epiroc drills with Rajant BreadCrumbs®. Epiroc has a permanent deployment at their test facility in South Africa to demonstrate semi-autonomous and autonomous drills using Rajant BreadCrumbs. Rajant is deployed on dozens of semi-autonomous and autonomous Epiroc drills globally, some of which include:… Read More Here
Gold price steadies near nine-month low as dollar rally powers on 3 Gold International 

Gold price steadies near nine-month low as dollar rally powers on

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Gold steadied near the lowest in more than nine months as the dollar edged higher in anticipation of US inflation data this week that’s set to shape the magnitude of the Federal Reserve’s next rate hike.  Investors concerned about the prospect of a global economic downturn have turned in droves to the greenback, which is already up more than 2% this month. That’s capped gold, despite support from an easing in US Treasury yields. “Any significant or lasting rise in the gold price is being precluded not only by the… Read More Here
ANGLO AMERICAN ANNOUNCES FIRST COPPER PRODUCTION FROM QUELLAVECO PROJECT IN PERU 4 Copper International New Mining Projects 

ANGLO AMERICAN ANNOUNCES FIRST COPPER PRODUCTION FROM QUELLAVECO PROJECT IN PERU

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Anglo American plc announces first production of copper concentrate from its Quellaveco project in Peru – a major milestone as Quellaveco nears completion ahead of receiving final regulatory clearance for commercial operations to begin. Tom McCulley, who has led Anglo American’s development of Quellaveco, said: “First copper production at Quellaveco is a key milestone in our delivery of this world-class asset, on time and on budget.  The fact that we are today producing copper less than four years after project approval, including through two years of considerable pandemic-related disruption, is… Read More Here
Zambia seeks out-of-court resolution to Vedanta dispute 5 Mining in Zambia Copper 

Zambia seeks out-of-court resolution to Vedanta dispute

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Zambia’s mines minister Paul Kabuswe has told state mining investment company ZCCM-IH to engage with Vedanta Resources in an effort to find an out-of-court resolution to their long-running dispute over Konkola Copper Mines (KCM), he said on Tuesday. “We must sit around the table and begin to discuss. We cannot solve these matters in court,” Kabuswe said at a press briefing streamed live on Facebook. “I have since given an instruction to ZCCM-IH to quickly tell their lawyers to reach out to Vedanta’s lawyers.” Vedanta spokesperson Masuzyo Ndhlovu said the mines minister’s comments are… Read More Here
COMMISSIONING OF 500MVA 330/220/33KV MUKUNI SUBSTATION IS ZESCO’S STEP FORWARD IN THE CHAMPIONS LEAGUE 6 Energy Mining in Zambia 

COMMISSIONING OF 500MVA 330/220/33KV MUKUNI SUBSTATION IS ZESCO’S STEP FORWARD IN THE CHAMPIONS LEAGUE

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We are pleased to announce the commissioning of the 500MVA 330/220/33KV Mukuni Substation in a quest to boost power supply to various sectors of our economy. The commissioning of this substation will significantly reduce the power deficit and deliver economic dividends to our people in the short and long term. Furthermore, this commissioning signifies the corporation’s positive steps towards the improvement of power supply and enhanced power trading among market players of the Southern African Power Pool (SAPP). It is worth noting that this project falls within the scope of… Read More Here
Mining products still down during this week from July 11 to 16, 2022 - DRC 7 Cobalt Copper Mining in DRC Zinc 

Mining products still down during this week from July 11 to 16, 2022 – DRC

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The general trend of export mining products from the Democratic Republic of Congo remains downward during this week from July 11 to 16, 2022, inform the projections of the National Mercurial Commission of the Ministry of Foreign Trade. This week, copper keeps its downward trend and is trading at 8,018.55 USD per ton against 8,442.25 USD per ton, a negative price difference of 423.7 USD. Cobalt remains stable on the market again this week at 87,781.05 USD per ton. Zinc is also down this week at 3,129.00 USD per ton… Read More Here
Congo plans border post expansion as mining trucks endure up to 60 km queues 8 Mining in DRC Mining in Zambia 

Congo plans border post expansion as mining trucks endure up to 60 km queues

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Democratic Republic of Congo plans to expand its main border post with Zambia, a source close to its government said, to ease truck queues of up to 60 km that copper miners have faced this year due to increased production and inadequate infrastructure. The backlog of trucks at Kasumbalesa, a border town and the main exit point for metals exports from Congo, is an example of supply chain disruption that will make it harder to meet future demand for copper, essential for electric vehicles. “A construction project for a second… Read More Here
Copper price hits a 20-month low on recession fears 9 Copper International 

Copper price hits a 20-month low on recession fears

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Copper prices hit a 20-month low on Monday as persistent worries that a recession would dampen metals demand hit a market with thin summer volumes. Copper for delivery in September fell 3% from Friday’s settlement, touching $3.41 per pound ($7,517 per tonne) Monday morning on the Comex market in New York, the lowest since November 2020. “The dollar strength was the trigger that came on top of the recent recession fears, pulling the rug from under the market,” said Ole Hansen, head of the commodity strategy at Saxo Bank in… Read More Here
ANGLO AMERICAN INVESTS IN SANERGY ORGANIC WASTE UPCYCLING 10 Mining in Zambia Energy 

ANGLO AMERICAN INVESTS IN SANERGY ORGANIC WASTE UPCYCLING

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Anglo American has agreed to lead the latest investment round of Sanergy Inc, an organic waste upcycling business with operations in Kenya. Sanergy’s innovative solutions are helping to transform how fast-growing cities in the developing world manage waste by upcycling it into high value agriculture and energy products – such as insect-based protein for animal feed, organic fertiliser for regenerative farming and biomass fuel for sustainable, localised power sources. Sanergy’s zero-waste approach, founded on the principles of circularity, contributes to protecting human health and reducing environmental emissions, promoting sustainable agriculture,… Read More Here

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