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Tin records a price drop of around USD 3,073.75 per tonne this week 1 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 2 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 4 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 5 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 6 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 7 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
Ivanhoe Electric shares fall in debut after $169 million IPO 8 International Mining Companies 

Ivanhoe Electric shares fall in debut after $169 million IPO

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Shares in Ivanhoe Electric (NYSE America, TSX: IE), the latest endeavour of mining magnate Robert Friedland, were falling on their trading debut on Tuesday morning after the company raised as much as $169 million in an initial public offering on Monday. The exploration and development company, which owns properties in Arizona, Utah and Montana, along with a battery storage business, sold on Monday almost 14.4 million shares for $11.75 each, slightly short of the $12.5 each it aimed for. The transaction, however, was still the biggest US IPO since May 12, when oilfield… Read More Here
Sandvik launches 'smart' longhole drill rig 9 Equipment & Technology Mining technology 

Sandvik launches ‘smart’ longhole drill rig

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Sandvik Mining and Rock Solutions has launched a new i-series top hammer longhole drill rig, Sandvik DL422i. Sandvik said the rig is the diesel counterpart to the Sandvik DL422iE battery electric drill in 2021.  The rig, designed for underground mass mining in 4 x 4 meter or larger production drifts, is for operations with challenging site conditions that are not optimized for a battery-electric fleet.  “The new DL422i expands our i-series longhole production drill offering with traditional diesel engine layout, and starts to take over the work load of its… Read More Here
China's Huayou faces clash with regulator over Zimbabwe lithium project 10 Lithium 

China’s Huayou faces clash with regulator over Zimbabwe lithium project

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China’s Zhejiang Huayou Cobalt faces regulatory pressure to produce battery-grade lithium in Zimbabwe within five years, official documents seen by Reuters show, something the miner has already said cannot be achieved. China’s biggest cobalt refiner acquired the hard-rock Arcadia lithium mine just outside Harare for $422-million earlier this year and has announced plans to spend $300-million. But it has said production of battery-grade lithium in Zimbabwe is “not feasible” due to a shortage of electricity and other key inputs. However, as a condition for approving the deal the Competition and… Read More Here

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