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Copper price slips after new China lockdowns 1 Copper International 

Copper price slips after new China lockdowns

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The copper price slipped on Thursday after parts of Shanghai began imposing new covid lockdown restrictions. Entertainment venues and internet cafes in Beijing’s largest district of Chaoyang, home to more than 3 million people, were ordered to be shut on Thursday after an outbreak involving bars was detected. Copper for delivery in July fell 1.8% from Wednesday’s settlement, touching $4.374 per pound ($9,623 per tonne) at lunchtime Thursday on the Comex market in New York. Offering some relief, data on Thursday showed China’s exports grew at a double-digit pace in… Read More Here
Uganda says exploration results show it has 31 million tonnes of gold ore 2 Gold 

Uganda says exploration results show it has 31 million tonnes of gold ore

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Uganda on Wednesday said recent exploration surveys have shown it has gold ore deposits of about 31 million tonnes and it wants to attract big investors to develop the sector hitherto dominated by small wildcat miners. Over the last two years, aerial exploration was done across the country followed by geophysical and geochemical surveys and analyses, Solomon Muyita, spokesperson for the Ministry of Energy and Mineral Development, told Reuters. Muyita said an estimated 320,158 tonnes of refined gold could be extracted from the 31 million tonnes of ore. Most of… Read More Here
Congo’s Oil Block Sale Threatens Carbon Sinks, Forest Pact 3 Mining in DRC Oil & Gas 

Congo’s Oil Block Sale Threatens Carbon Sinks, Forest Pact

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The Democratic Republic of Congo’s plan to auction oil exploration blocks next month threatens to disrupt some of the world’s most important carbon sinks and could jeopardize a $500 million forest preservation agreement. Some of the blocks, estimated to contain 16 billion barrels of crude reserves, overlap with the biggest tropical peatlands that cover 145,000 square kilometers (56,000 square miles) and store about 30 billion tons of carbon — equivalent to about 82% of annual global carbon dioxide emissions. So-called carbon sinks help mitigate greenhouse-gas emissions from burning fossil fuels and… Read More Here
Gold price may be set to rise – but so are risks for miners 4 Gold International 

Gold price may be set to rise – but so are risks for miners

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Amid the frenzied analyses of supply, demand and spiking prices for green metals and critical minerals, another metal may be preparing to steal the spotlight: gold.  While the price of gold spiked earlier this year to $2,068 per oz. (just shy of its August 2020 all-time high) on Russia’s invasion of Ukraine, it hasn’t stayed at those elevated levels. At press time Wednesday, the yellow metal was at a relatively modest $1,850 per oz., just a touch above where it began the year at $1,827.50 per oz.  However, persistent inflation,… Read More Here
China ban on foreign coal investment leaves Zimbabwe scrambling 5 Coal International 

China ban on foreign coal investment leaves Zimbabwe scrambling

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Zimbabwe’s plan to refurbish two idled coal-fired power stations has been thrown into disarray by China’s decision to ban investment in plants burning the dirtiest fossil fuel outside its borders. Zimbabwe was depending on China to help get the Bulawayo Power Station, which has a design capacity of 90 megawatts, and Munyati Power Station, meant to generate 100 megawatts, to produce electricity to fill a chronic shortfall in the southern African country. “There is no funding for coal plants,” Sydney Gata, the chairman of state-owned Zesa Holdings Ltd., said in… Read More Here
The price of copper goes from 9,500.35 USD to 9,711.85 USD per tonne on the international market 6 Copper International Mining in DRC 

The price of copper goes from 9,500.35 USD to 9,711.85 USD per tonne on the international market

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The general trend of mining products exported from the Democratic Republic of Congo (DRC) would be green for the period from June 6 to 11, 2022 on the international market. These are the projections of the National Mercurial Commission of the Ministry of Foreign Trade. As of June 8, 2022, the price of copper stood at USD 9,711.85 on the London Metal Exchange (LME) compared to USD 9,500.35 last week on the same market. In these projections, the National Mercurial Commission informs that copper should sell at 9,442.80 USD per ton… Read More Here
Doosan releases 'smart' excavator 7 Equipment & Technology International Mining technology 

Doosan releases ‘smart’ excavator

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South Korean industrial equipment maker Doosan has launched a “smart” crawler excavator called the DX225LC-7X that has new features such as Full Electric Hydraulic (FEH) technology.   Doosan said the DX225LC-7X’s FEH technology is a VBO system without pilot pressure lines. Joysticks and pedals are fully electric, but give the operator the same feeling as hydraulic joysticks. Oher standard features of the DX225LC-7X include integrated 2D Machine Guidance and Semi-Automatic 2D Machine Control. The integrated machine guidance system on the DX225LC-7X uses sensors mounted on the front and body to recognize… Read More Here
Sensors and Detectors 8 Equipment & Technology Mining technology 

Sensors and Detectors

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Modern mining is adopting advanced sensor-based technologies to enhance operational safety and efficiency and optimise mine productivity. Sensors are used in each step of the mining operation, from mine exploration, surveying, and underground mapping, to ore extraction, sorting, and mineral processing. Mine operators also rely on sensors and detection equipment to monitor the condition of mining infrastructure, the environment and equipment, as well as avoid downtimes and operational hazards. Sensor-based technologies are indispensable in remote and automated mining applications. Finding suppliers of sensor-based detection and monitoring systems for mining Mining… Read More Here
Tin climbs this week to 34,618.75 USD per ton on the international market 9 International Tin 

Tin climbs this week to 34,618.75 USD per ton on the international market

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After a dark period for the main mining products exported from the Democratic Republic of Congo (DRC), the latter should record a price increase on the international market during the period from June 6 to 11, 2022. According to projections by experts from the National Mercurial Commission, a structure attached to the Ministry of Foreign Trade, a tonne of tin should sell at 34,618.75 USD this week against 34,392.50 USD per tonne last week. . This same report indicates that tin is expected to register a positive price gap of… Read More Here
Between the trend price displayed on the stock market, discover the evolution of cobalt prices as of June 8, 2022 10 Cobalt International 

Between the trend price displayed on the stock market, discover the evolution of cobalt prices as of June 8, 2022

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Cobalt prices have fallen sharply on the international market since May 2022. According to the weekly statement from the National Commission of Mercurial Prices of the Ministry of Foreign Trade, the price of cobalt should remain stable on the international market for the period from June 6 to 11, 2022. The experts of the Commission des mercuriales project the price of a tonne of cobalt at 87,781.05 USD during the period mentioned. But following the evolution of metal prices on the stock exchange, the ton of cobalt is trading at… Read More Here

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