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6.6 million electric cars sold in 2021, tensions over raw materials are the risk factors for this sector 1 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  2 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 3 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 4 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 5 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 6 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 7 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
Auction on DRC oil blocks: Budimbu wants to forge an agreement with Zambia to facilitate operations 8 Mining in DRC Mining in Zambia Oil & Gas 

Auction on DRC oil blocks: Budimbu wants to forge an agreement with Zambia to facilitate operations

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The report on the official submission of data from the Tanganyika graben and the central basin as well as the valuation of methane gas from Lake Kivu was on the agenda of the 54th meeting of the Council of Ministers. This, with a view to the official launch of calls for tenders relating to the 16 oil blocks from July 28 to 29 of the current year. From the outset, the Minister of Hydrocarbons, Didier Budimbu, began his presentation by reminding the council that on Saturday May 14, 2022, the Prime… Read More Here
Metso Outotec launches new padded truck body 9 Equipment & Technology Mining technology 

Metso Outotec launches new padded truck body

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Industrial technology company Metso Outotec has launched its new truck body, which is a one-piece, lightweight, hybrid truck bowl that combines the benefits of high-strength steel and rubber. It was designed to lower hauling costs, in addition to offering a safer working environment and maximising payload. The new truck body is capable of achieving more tonnage than conventional lined truck bodies, owing to the lower weight of the bowl, for a lower operating cost than steel-lined truck bodies. It also enables a 30% reduction in weight over conventional steel-lined truck bodies. This allows for more payload to be… Read More Here
Africa’s domestic mining sector not severely impacted by sanctions against Russia  10 Uncategorized 

Africa’s domestic mining sector not severely impacted by sanctions against Russia 

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More severe-than-expected sanctions against Russia will disrupt Russian mining activities in Sub‑Saharan Africa without having a serious negative impact on domestic mining sectors themselves, a recent report by The Economist Intelligence Unit states. According to the research and analysis division of The Economist Group, sanctions on Russian miners, including both metals and energy producers, in Africa will create manageable downside risks, which are outweighed by risks to the upside stemming from steep increases in commodity prices.  However, given that most Russian mining operations in Africa are joint ventures that rely in part… Read More Here

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