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China's Huayou Cobalt to invest $300m in Zimbabwe lithium mine 1 Cobalt Lithium 

China’s Huayou Cobalt to invest $300m in Zimbabwe lithium mine

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China’s Zhejiang Huayou Cobalt plans to invest $300-million on rapid development of a lithium mine and processing plant at its newly acquired Arcadia project in Zimbabwe, according to company documents seen by Reuters on Tuesday. Huayou, one of the world’s biggest producers of cobalt, recently completed a $422-million purchase of the hard-rock lithium mine just outside Harare from Australia-listed Prospect Resources PSC.AX and other Zimbabwean minorities.  “We intend to develop the project rapidly over the next year and invest around $300-million to develop the mine and construct a process plant with a capacity… Read More Here
WHY FQM’S $1.35 BILLION INVESTMENT IS GOOD FOR ZAMBIA 2 Mining in Zambia Copper Mining Companies 

WHY FQM’S $1.35 BILLION INVESTMENT IS GOOD FOR ZAMBIA

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 Earlier this month First Quantum Minerals (FQM) announced a mammoth US$1.35 billion package of new projects, with US$1.25 billion to be invested in expansion of our Kansanshi operations in Solwezi – known as the ‘S3’ project – and a final US$100 million to start the $250 million Enterprise nickel project in Kalumbila. The announcement was hailed as a game-changer for the nation, and the first step on the road towards the Government’s New Dawn for Zambia’s mining sector, in which it has set out its vision for the country to… Read More Here
Tin falls and records a loss of 4,687.5 USD per ton in one week 3 International Tin 

Tin falls and records a loss of 4,687.5 USD per ton in one week

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After registering a remarkable drop in price in the international market last week, down to USD 2,981.25 per ton, tin could remain on this steep slope during this week. In its weekly report on the general trend in the prices of mining products exported from the Democratic Republic of Congo on the international market, the National Mercurial Commission notes a new drop in the price of tin. This product is expected to trade at $35,381.25 per ton this week from $40,068.75 per ton. In one week, tin recorded a drop… Read More Here
6.6 million electric cars sold in 2021, tensions over raw materials are the risk factors for this sector 4 Battery Metals International Lithium 

6.6 million electric cars sold in 2021, tensions over raw materials are the risk factors for this sector

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Despite its undeniable rise in the automotive market in recent years, the electric car automotive industry will face several risks related to the supply of raw materials. According to a report by the International Energy Agency (IEA), lithium needs are particularly critical. They are expected to increase sixfold by 2030, to 500 kilotonnes, requiring the opening of 50 new mines. These minerals are extracted mainly in countries such as Australia, Chile or the Democratic Republic of Congo, considered as the new destination for this market. But China produces three-quarters of lithium-ion… Read More Here
copper down to USD 9,201 per ton but still maintains a profitable price level  5 Cobalt Copper Mining in DRC Zinc 

copper down to USD 9,201 per ton but still maintains a profitable price level 

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The trend is downward in the prices of mining export products from the Democratic Republic of Congo during this week from May 23 to 28, 2022, according to projections by the National Mercurial Commission of the Ministry of Foreign Trade. The only product on the rise this week is tantalum which is trading at 391.25 USD per Kg against 390.00 USD per Kg last week, generating a positive price difference of 1.25 USD. Copper therefore shows a downward trend on the market this week at 9,201.70 USD per tonne against… Read More Here
Signing of a joint decree granting 0.3% turnover of 12 mining companies, for the benefit of community development projects- DRC 6 Mining in DRC Mining Companies 

Signing of a joint decree granting 0.3% turnover of 12 mining companies, for the benefit of community development projects- DRC

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With a view to contributing to development projects in the mining sector, the Minister of Mines, Antoinette N’samba Kalambayi, and the Minister of Social Affairs, Modeste Mutinga, signed last Friday in Kinshasa an interministerial decree approving the procedure for managing the endowment of 0.3% of turnover. This is revealed in a press release from the Ministry of Mines.  The boss of the Mines of the DRC, indicated that 12 mining projects are retained a priori for the benefit of the communities not only bordering but also bruised worthy of this surge… Read More Here
Cat to have prototype battery electric trucks running in 2022 7 Equipment & Technology International Mining technology 

Cat to have prototype battery electric trucks running in 2022

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In its 2022 Investor Day presentation on May 17, Caterpillar Inc through Group President of Resource Industries – Denise Johnson – gave more insight than before on the timeline for development and introduction of its battery electric zero emissions mining trucks. She mentioned first of course the zero emissions machine agreements that have been made with customers to date with BHP, Rio Tinto, Newmont, Teck and NMG. “These agreements are primarily focussed on the deployment of battery electric zero emissions trucks…we are focussed initially on introducing four zero emission truck… Read More Here
Sandvik helping facilitate Rocksure’s mining services growth in Ghana 8 Equipment & Technology Mining technology 

Sandvik helping facilitate Rocksure’s mining services growth in Ghana

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Rapidly growing mining services provider Rocksure International in Ghana, Africa, has had a 100% Sandvik drill rig fleet since it was established and, according to the OEM, the partnership has been delivering spectacular results. With drill rigs used in mining applications, the secret to success is to keep them in tip top condition throughout their working lives. So, parts – who makes them and the service that comes with them – is of critical importance for these machines, Sandvik says. By adopting the best work practices and latest premium equipment,… Read More Here
DRC Mining Community Prepares for June Big Bash in Lubumbashi as DRC Mining Week Returns 9 Mining in DRC Events & Expos 

DRC Mining Community Prepares for June Big Bash in Lubumbashi as DRC Mining Week Returns

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It’s official, DRC Mining Week is back in Lubumbashi from 1–3 June, and to say that the industry is excited about its homecoming is an understatement. This long-running, award-winning and flagship expo and conference returns to the heart of the Copperbelt and the bustling mining hub of the DRC to celebrate the region’s unlimited resilience, successes and opportunities. The event boasts longstanding and loyal support from many sector leaders, including ERG Africa, FBN Bank and Glencore, who are diamond sponsors, while Equity BCDC, Orange and Standard Bank are platinum plus sponsors. Other… Read More Here
Chinese, Australian investors battle for largest lithium deposit 10 Mining in DRC Battery Metals International Lithium 

Chinese, Australian investors battle for largest lithium deposit

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Australia’s AVZ Minerals Ltd. is battling to retain control of what is potentially the world’s largest untapped lithium deposit amid ownership claims from Chinese investors, according to Boatman Capital. AVZ’s interest in the Manono lithium project in the Democratic Republic of Congo could fall to 36% from 75%, London-based short-seller Boatman said in a research report on Friday. That may follow its planned sale of a 24% stake this month and a flurry of lawsuits from companies, including Zijin Mining Group Co., claiming ownership, documents published by Boatman show. “At best,… Read More Here

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