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Cobalt gets cheaper as China’s buyers suffer from battery slump 1 Cobalt International 

Cobalt gets cheaper as China’s buyers suffer from battery slump

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Cobalt prices are crashing back to earth as sellers offer increasingly steep concessions to Chinese buyers who have turned cold on the battery metal as demand slumps in electric vehicles and smartphones. The benchmark price for cobalt in Europe has slid more than 13% since a peak in May, and an even sharper decline in Chinese prices signals the sell-off could have further to run. Buyers in the country are racing to renegotiate supply deals in order to stem heavy losses arising from an unusual disconnect between domestic and international… Read More Here
Eighth and last missing miner found dead in flooded Burkina Faso mine 2 Mining in Zambia 

Eighth and last missing miner found dead in flooded Burkina Faso mine

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The body of the last of eight miners who drowned in a Burkina Faso zinc mine owned by Trevali Mining Corp when it flooded on April 16 was found on Monday, the government said. The seven other bodies have been recovered gradually from the mine’s underground passages since May 24, when the first four were discovered. Hopes of finding any survivors had already dissolved by then, as rescue teams had found no one inside a chamber in which there had been a slim chance that the eight missing miners who… Read More Here
Glencore unit pleads guilty to bribery in Africa 3 International Oil & Gas 

Glencore unit pleads guilty to bribery in Africa

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A British subsidiary of Glencore (LON: GLEN) formally pleaded guilty on Tuesday to the seven charges of bribery brought against the mining and commodities trader by the UK Serious Fraud Office (SFO), which relate to the firm’s oil operations in Africa. Glencore Energy confessed to paying $28 million in bribes to secure preferential access to oil, including increased cargoes, valuable grades of oil and preferable dates of delivery in Cameroon, Equatorial Guinea, Ivory Coast, Nigeria and South Sudan. The company, which also admitted to generating illicit profits between 2011 and 2016, will be sentenced… Read More Here
Allocation of 16 oil and gas blocks from the DRC, Egypt expresses its interest 4 Mining in DRC Oil & Gas 

Allocation of 16 oil and gas blocks from the DRC, Egypt expresses its interest

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The opportunities related to the allocation of oil and gas blocks in the Democratic Republic of Congo (DRC) were the subject of discussions between the Congolese Minister of Hydrocarbons, Didier Budimbu, and the Egyptian Prime Minister, Moustapha Madbouli. It was on the sidelines of the 7th edition of the AFFCA in Cairo, Egypt. Their discussions indeed focused on the opportunities represented by the allocation of oil and gas blocks not only for the DRC but also for the African continent as a whole. Egypt, already present in the DRC through several… Read More Here
Sandvik wins BEV order for BHP Jansen Potash 5 Equipment & Technology Mining technology 

Sandvik wins BEV order for BHP Jansen Potash

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Sandvik Mining and Rock Solutions has secured an order of battery electric vehicles (BEVs) from BHP for the Jansen potash project, located in the province of Saskatchewan, Canada. Jansen Stage 1 is being designed with a focus on sustainability and technology and the battery-electric loaders will be used in the most advanced potash-mine in the world. BHP has ordered 10 underground battery electric loaders along with 1 electric tethered loader for use at the Jansen potash project located approximately 140 kilometres east of Saskatoon in the province of Saskatchewan. The… Read More Here
copper falls again to USD 9,394.90 per tonne on the international market 6 Copper International 

copper falls again to USD 9,394.90 per tonne on the international market

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Copper should register a slight price drop again this week on the international market, indicates the note on the Mercuriales of the Ministry of Foreign Trade. According to the projections of this service, copper should trade at 9,394.90 USD per ton this week against 9,583.70 USD per ton last week, a slight drop in price of around -188.8 usd. On the London Stock Exchange, copper is selling at USD 8,967.15 per tonne this Monday, June 20, 2022 and registering a price drop of -1.24% compared to the end of last… Read More Here
only tin and tantalum are up this week from June 20 to 25, 2022 among the main mining export products of the DRC 7 Mining in DRC Tin 

only tin and tantalum are up this week from June 20 to 25, 2022 among the main mining export products of the DRC

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The prices of the main mining export products of the Democratic Republic of Congo are showing a downward trend on the market this week from June 20 to 25, 2022, according to projections by experts from the National Mercurial Commission of the Ministry of Foreign Trade. Tin is up this week at 36,223.75 USD per tonne against 35,557.25 USD per tonne last week, a positive price difference of 666.5 USD. Tantalum is also up this week at 410 USD per Kg against 407.50 USD per Kg last week, showing an… Read More Here
Metso Outotec and Dynamox enter condition monitoring deal 8 Equipment & Technology Mining technology 

Metso Outotec and Dynamox enter condition monitoring deal

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Finland’s Metso Outotec plans to partner with Brazilian technology firm Dynamox on monitoring platforms in mining. Metso Outotec said it will offer Dynamox’s condition monitoring solution to its installed equipment base, and the partner agreement enables also third-party equipment monitoring, said the companies.  “Dynamox is an important addition to Metso Outotec’s partner ecosystem and is complementing our goal of developing and providing easy-to-use and sustainable digital solutions to our customers. We also see significant opportunities for further development in the field of AI and analytics,” says Tuomas Martinkallio, Vice President,… Read More Here
Sinomine invests $200m in Zimbabwe lithium project 9 Lithium 

Sinomine invests $200m in Zimbabwe lithium project

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China’s Sinomine Resource Group on Friday launched a $200 million project to build a plant and expand existing mining operations at its recently acquired Bikita lithium mine in Zimbabwe. The southern African country holds some of the world’s largest deposits of lithium, a key battery mineral, and hopes for an economic boost from a global drive towards clean energy. Zimbabwe’s President Emmerson Mnangagwa, who officiated at Sinomine’s launch event at Bikita Minerals, 325 kilometres south of the capital Harare, said the investment positions the country as a major player in… Read More Here
Congo miner threatens to seize cobalt project from Chinese partner 10 Copper Cobalt Mining in DRC 

Congo miner threatens to seize cobalt project from Chinese partner

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A shareholder dispute over one of the world’s biggest copper and cobalt mines is heating up in the Democratic Republic of Congo, after state miner Gecamines threatened to block exports or even take the mine away from its partner, China Molybdenum Co. Congo’s Gecamines, which owns 20% of the Tenke Fungurume mine’s holding company, has accused CMOC of manipulating the project’s finances and says it owes as much as $5 billion in payments.  The disagreement has extended to who is actually running the mine: a Congolese court appointed a temporary administrator… Read More Here

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