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Gold price may be set to rise – but so are risks for miners 1 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 2 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 3 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 4 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 5 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 6 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 7 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
De Beers rises small diamonds price amid shortage 8 Diamond International 

De Beers rises small diamonds price amid shortage

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De Beers, the world’s top diamond producer by value, has once again increased the price of its smaller stones as sanctions on Alrosa (MCX: ALRS), its Russian rival, have worsened a global shortage caused by two years of covid-related shutdowns. The Anglo American unit had hiked prices by about 8% at its first sale this year, with the sharpest increases of up to 20% affecting small-scale roughs, as demand reached pre-pandemic levels. Prices for these diamonds, which usually end up clustered around the solitaire stone in a ring, have soared since early April, when Alrosa was targeted by… Read More Here
Sandvik adds 30-tonne TH430 to Toro range 9 Equipment & Technology Mining technology 

Sandvik adds 30-tonne TH430 to Toro range

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Swedish OEM Sandvik is upgrading its 30 tonne TH430 dump truck with the newer engine technology and adding the TH430 to the Toro range. Sandvik said the upgraded Toro TH430 truck has two engine configuration options: Stage V and Tier II / EU Stage II, both from Volvo Penta. Stage II has an output of 310 kW and Stage V has an output of 315 kW. This “makes the Toro TH430 truck the most powerful underground truck in its size class”, said the firm. The newly introduced engine option, the 13-liter… Read More Here
Zambia starts search for new investor in Konkola Copper Mines 10 Copper Mining Companies Mining in Zambia 

Zambia starts search for new investor in Konkola Copper Mines

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Zambia’s Konkola Copper Mines (KCM) will appoint an adviser to help it find an equity investor willing to fund the mine’s expansion, its provisional liquidator said on Tuesday. Zambia’s previous government put KCM into the hands of a liquidator in May 2019, triggering an ongoing legal dispute with Vedanta Resources, KCM’s parent company. The government at that time accused Vedanta of failing to honour licence conditions, including promised investment, charges which Vedanta has denied. The government takeover of KCM goes to an arbitration hearing in January 2023 in London, Zambia’s… Read More Here

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