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TFM took part in the 17th edition of DRC Mining Week 1 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 2 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 3 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 4 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 5 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 6 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 7 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
Vedanta urges Zambia to halt search for new KCM investor 8 Mining in Zambia Governance 

Vedanta urges Zambia to halt search for new KCM investor

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Zambia should halt the search for a new investor in Konkola Copper Mines (KCM) until litigation with Vedanta Resources is settled, the Indian mining company said on Tuesday. Zambia’s previous government put KCM in the hands of a liquidator in May 2019, triggering the ongoing legal dispute with Vedanta Resources, KCM’s parent company. The government accused Vedanta of failing to honour licence conditions, including promised investment. Vedanta has repeatedly denied it broke the terms of its licence. KCM provisional liquidator Celine Nair said on June 7 that the company would appoint an adviser to help it to find an… Read More Here
Prices of the main mining export products of the DRC are down during this week from June 27 to July 2, 2022  9 Mining in DRC Cobalt Copper Zinc 

Prices of the main mining export products of the DRC are down during this week from June 27 to July 2, 2022 

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This is bad weather for the main mining export products of the DRC. During this week from June 27 to July 2, 2022, the general trend of prices on the international market shows a drop, according to projections by experts from the National Mercurial Commission of the Ministry of Foreign Trade. Copper shows a drop in price of around 434.7 USD. It is traded around 8960.20 USD per ton this week against 9394.90 USD per ton last week. Zinc is also down this week at 3640.95 USD per tonne against 3702.40 USD… Read More Here
Global iron ore production growth to accelerate through 2026 (Report) 10 Iron Ore International 

Global iron ore production growth to accelerate through 2026 (Report)

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Growth in global iron ore production will accelerate in coming years, ending the stagnation that has persisted since iron ore prices hit a 10-year average of $55 a tonne in 2015, the report says. market analyst Fitch Solutions in its latest industry report. Continued, albeit slower, growth in Australia, faster growth in Brazil and stabilization of ore production in mainland China will be key growth drivers, Fitch said. China will invest heavily in overseas mining to improve iron ore supply security, and Guinea will be a major beneficiary of this trend… Read More Here

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