admin - Copperbelt Katanga Mining

Written by admin

Copper tailings reclamation in Zambia: Jubilee Metals’ advantage

July 3, 2022July 4, 2022 admin

Dual-listed metals recovery business Jubilee Metals Group (Jubilee) has undergone a significant transition over the last two years – extending its metals production from PGM and chrome material in South Africa to include copper in Zambia. Owing to the country’s enormous volumes of copper tailings material, the company has taken up a first mover advantage in establishing a new industry sector, one that financially benefits its shareholders, but of equal importance, all local stakeholders as well, CEO LEON COETZER tells LAURA CORNISH. For anyone that may not be familiar with Jubilee, the company… Read More Here

Uncategorized

The IMF warns, the increase in mining revenues will not be enough to offset certain expenses- DRC

July 3, 2022July 3, 2022 admin1 Comment

The Executive Board of the International Monetary Fund has concluded the 2022 consultations and the review of the Extended Credit Facility for the Democratic Republic of the Congo. All indicative targets were met except for social spending. The IMF points to persistent shortcomings in inter-ministerial coordination. He also points out other weaknesses and calls for caution. For this year, growth was reduced to 6.1% (against 6.4% previously). Despite excess liquidity, credit to the private sector remains weak (at 7% of GDP) and the banking sector vulnerable, she said. The IMF… Read More Here

Equipment & Technology Mining technology

Drone use rising in mines, with surveying and mapping the most common application

July 1, 2022July 1, 2022 admin

The use of drones is increasing across the mining sector, driven by benefits such as improved productivity, safety, and reduced costs, with a wide variety of uses. These include surveying and mapping; monitoring and inspection; site safety management; tailings dam management; blasting assessment and haul road optimisation. Surveys of mine sites, both surface and underground, over the last four years by GlobalData have shown that the share of mines that have invested to some extent in drones has increased from 44% in 2018 to 65% in 2022, with 32% in… Read More Here

International Oil & Gas

The barrel of crude oil fell by around 8.7% as of June 23, 2022

July 1, 2022July 1, 2022 admin

As of June 23, 2022, the price of Brent crude oil per barrel was set at 109 US dollars on the international market against 115 USD a week earlier. This is what informs the weekly information note of the Central Bank of Congo on the evolution of commodity prices on the international market. According to the Congolese Central Bank, during the period mentioned, oil experienced a price drop of around 8.7%. According to the same source, this price drop was influenced by fears of sluggish growth combined with high inflation.… Read More Here

Copper International

Copper slumps to 17-month low as recession fears haunt markets

July 1, 2022July 1, 2022 admin

Copper prices tumbled to a near 17-month low on Friday and were set for their fourth consecutive weekly decline, as fast-rising interest rates and weak economic data stoked fears of a global recession, which would dent demand for metals. Other industrial metals also fell, with zinc dropping over 6% this week and aluminium heading for its sixth straight weekly fall, down 2.4%. Three-month copper on the London Metal Exchange slipped 2.7% to $8,034 a tonne, as of 0719 GMT, after dropping to its lowest since early February 2021 at $8,021.50 in the session. The metal registered its… Read More Here

Mining technology Equipment & Technology

World’s Top 10 biggest mining dump trucks

July 1, 2022July 1, 2022 admin1 Comment

The biggest rigid dump trucks or haul trucks are off-highway vehicles that are primarily used for the transportation of mined materials and at heavy-duty construction sites, quarries and mines. The dump trucks are constantly being manufactured bigger in size as there is a demand for larger payload capacities. Due to the fact that haul trucks are so large and able to transport a huge amount of material, the customers often prioritise to use only one large dump truck rather than a whole fleet of smaller trucks which is more economical.… Read More Here

Gold International

Uganda discovers gold deposits worth 12 trillion USD

June 30, 2022July 4, 2022 admin1 Comment

Uganda announced that it had discovered 31 million metric tons of gold waiting to be mined in the country after several surveys were conducted. A spokesperson from the Ministry of Energy and Mineral Development in Uganda, Solomon Muyita, said that these reports are aimed at attracting gold miners and investors in the crypto sector. In a bid to boost the country’s economy, the Ugandan government has licensed Wagagai gold mining company, a Chinese firm to start producing gold products in Busia district. The company embarked on the construction of its… Read More Here

Lithium

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

June 30, 2022June 30, 2022 admin

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 International

Copper price heads for biggest quarterly plunge since 2011

June 30, 2022June 30, 2022 admin

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

Equipment & Technology Mining technology

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

June 30, 2022June 30, 2022 admin

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