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Huayou to explore Zimbabwe lithium plant ‘when conditions are right’ 1 Lithium 

Huayou to explore Zimbabwe lithium plant ‘when conditions are right’

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Huayou Cobalt on Thursday said it could not immediately commit to producing battery-grade lithium in Zimbabwe after the country’s competition authority made that a condition of its takeover of a lithium mine. China’s biggest cobalt refiner acquired the hard-rock Arcadia lithium mine, just outside the capital Harare, for $422 million earlier this year and has announced plans to invest $300 million in its development. But Zimbabwe’s Competition and Tariff Commission said in a June 22 notice that the deal was approved subject to Huayou undertaking to produce battery-grade lithium in Zimbabwe… Read More Here
Copper price heads for biggest quarterly plunge since 2011 2 Copper International 

Copper price heads for biggest quarterly plunge since 2011

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Copper prices are down almost 20% in the second quarter, the biggest quarterly fall since 2011, after covid lockdowns in China and slowing economic growth curtailed demand. Copper for delivery in September fell 2.2% from Wednesday’s settlement, touching $3.70 per pound ($8,140 per tonne) Thursday morning on the Comex market in New York, the lowest since February 2021. Other industrial metals were also headed for their biggest quarterly fall in several years, down between 20% and 40%. “We still see metals falling as a recession in the US is fully… Read More Here
Anglo enters deal to accelerate rollout of nuGen zero emissions haulage solution 3 Equipment & Technology Mining technology 

Anglo enters deal to accelerate rollout of nuGen zero emissions haulage solution

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Diversified miner Anglo American is in exclusive negotiations with specialist engineering technology company First Mode Holding and has agreed nonbinding terms to establish a combined business to accelerate the rollout of Anglo’s nuGen hydrogen-powered Zero Emissions Haulage Solution (ZEHS). The transaction with First Mode, which had partnered with Anglo and other companies to develop the nuGen ZEHS, will include a capital investment by Anglo in the combined business and is intended to accelerate the development and commercialisation of the nuGen ZEHS. The new combined business will retain the First Mode name as an independent business and… Read More Here
Tin records a price drop of around USD 3,073.75 per tonne this week 4 Mining in DRC Tin 

Tin records a price drop of around USD 3,073.75 per tonne this week

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 The general trend of mining products exported from the Democratic Republic of Congo (DRC) on the international market is downward during the period from June 27 to July 2, 2022. This is what the weekly note of the National Commission of Mercurial, a structure attached to the Ministry of Foreign Trade. According to the data provided by this structure, tin is expected to register a drop in price during this week to sell at 33,150.00 USD per ton compared to 36,223.75 USD per ton last week, a difference negative price… Read More Here
Belgium ready to support the project to install a precursor electric battery factory in Haut-Katanga, DRC 5 Battery Metals Mining in DRC 

Belgium ready to support the project to install a precursor electric battery factory in Haut-Katanga, DRC

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The Congolese Minister of Industry, Julien Paluku Kahongya, and the Honorary President of the Federal Parliament of Belgium, current Minister of State, André Flahaut, exchanged, on Monday June 27, 2022, in Kinshasa, on the will of the Kingdom of Belgium through its companies to support the DRC in the installation of a precursor electric battery factory in the province of Haut-Katanga. This desire is indeed manifested in the context of the establishment of Special Economic Zones (SEZs). “My visit to Kinshasa falls within the framework of the extension of all… Read More Here
TFM took part in the 17th edition of DRC Mining Week 7 Mining in DRC Events & Expos 

TFM took part in the 17th edition of DRC Mining Week

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After two years without organization due to the coronavirus epidemic, the great mining forum of the Democratic Republic of Congo, “DRC Mining Week”, has signed its return to face-to-face in Lubumbashi, the copper capital. From June 1-3, 2022 , for three days, mining companies, mining investors and suppliers from all walks of life stormed the Pullman Grand Karavia Hotel for active participation. Tenke Fungurume Mining, mining giant in the DRC, marked this mining summit with a special cachet. At the well decorated TFM stand for the occasion, several investors and mining suppliers inquired not… Read More Here
Botswana, De Beers extend sales agreement to June 2023 8 Diamond 

Botswana, De Beers extend sales agreement to June 2023

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The Botswana government and diamond miner De Beers Group have extended their existing agreement for the sale of Debswana’s rough diamond production by 12 months until June 30, 2023. Following further positive progress towards a new agreement being made in the first half of this year, the two parties have agreed to the one-year extension to enable the finalisation of the ongoing discussions, De Beers said in a statement on June 29. Debswana is jointly owned by De Beers and the Botswana government and operates four mines – Jwaneng, Damtshaa, Letlhakane and Orapa. The operations produced… Read More Here
The price of a tonne of copper should register a negative difference of 434.7 USD from June 27 to July 2, 2022 9 Copper International 

The price of a tonne of copper should register a negative difference of 434.7 USD from June 27 to July 2, 2022

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The price of a tonne of copper should register a very significant negative difference on the international metal market for the period from June 27 to July 2, 2022, inform the projections of experts from the National Mercurial Commission of the Ministry of Foreign Trade. According to these experts from the Ministry of Foreign Trade, during this week, the ton of copper should sell at 8,960.20 USD per ton against 9,394.90 USD per ton last week, i.e. a negative difference in the price of copper. order of the order of… Read More Here
Exploitation of 16 oil blocks, Didier Budimbu requests involvement of heads of diplomatic missions accredited in the DRC 10 Mining in DRC Energy Oil & Gas 

Exploitation of 16 oil blocks, Didier Budimbu requests involvement of heads of diplomatic missions accredited in the DRC

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The Minister of Hydrocarbons of the Democratic Republic of Congo (DRC), Didier Budimbu, invited the heads of diplomatic missions accredited in the DRC to invest in playing the bridge between investors from their respective countries and oil exploitation opportunities and gas that the country offers. The Congolese Minister of Hydrocarbons made this call during a business dinner organized by Monday, June 27, 2022 in Kinshasa. This ceremony was attended by several political personalities including senators and national deputies. The former Ministers of Hydrocarbons, notably Célestin Mbuyu, Rubens Mikindo, Musa Mondo… Read More Here

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