admin - Copperbelt Katanga Mining

Written by admin

ICMM Members Commit to Consistent Reporting on Social and Economic Contribution

May 19, 2022May 19, 2022 admin

The International Council on Mining and Metals (ICMM) has published a new Social and Economic Reporting Framework which commits members to report against a set of social and economic indicators, empowering stakeholders such as communities, governments, and investors to assess the contribution of mining to social and economic development more easily. ICMM members, representing around a third of the industry, have committed to report on eight key indicators which includes country by country tax reporting on revenues, payment and tax, workforce composition, pay equality, wage level, training provided, local procurement, education and… Read More Here

Mining in DRC Energy

DRC Minister, African Energy Chamber Meet in Luanda, Pledge to Work Together to Secure Investment in DRC Energy

May 18, 2022May 18, 2022 admin

The African Energy Chamber (AEC), led by Executive Chairman NJ Ayuk, met with H.E. Didier Budimbu Ntubuanga, Minister of Hydrocarbons of the Democratic Republic of Congo (DRC), in Luanda during the 8th African Petroleum Congress and Exhibition to discuss strategies to secure more investment in the country. With the DRC representing a frontier market for oil and gas exploration, and opportunities across the entire value chain providing for a lucrative investment environment, both the ministry and the AEC are committed to driving the development of the burgeoning DRC energy sector. During… Read More Here

Cobalt Copper Mining in DRC Tin Zinc

copper, tin, zinc and cobalt at a rate of poor performance this week

May 18, 2022May 18, 2022 admin

The main mining products exported from the Democratic Republic of Congo should suffer a poor performance this week on the international market. According to experts from the National Mercurial Commission of the Ministry of Foreign Trade, the general trend of these products for the period from May 16 to 21 is bearish. If this National Mercurial Commission notes, however, that only cobalt should experience a price increase on this market, selling around 87,781.06 USD per tonne this week against 81,485.00 USD per tonne last week, the prices displayed on the… Read More Here

Energy

South Africa, Namibia among new African Green Hydrogen Alliance’s founding members

May 18, 2022May 28, 2022 admin

South Africa, Namibia and four other African countries on May 18 formally launched the Africa Green Hydrogen Alliance, with the aim to make the continent a frontrunner in the race to develop green hydrogen, to accelerate the transition away from a reliance on fossil fuels and to shift to new energy technologies that open up access to clean, affordable energy supplies to all. In forming the alliance, Kenya, South Africa, Namibia, Egypt, Morocco and Mauritania intend to foster collaboration on creating a sustainable enabling environment to supercharge green hydrogen development.… Read More Here

Copper International

Copper prices slip on lingering global slowdown worries

May 18, 2022May 18, 2022 admin

Copper prices fell on Wednesday, as bets of big US rate hikes following hawkish comments from Federal Reserve officials, and a recent batch of weak economic readings from China put focus back on global economic growth concerns. Benchmark three-month copper on the London Metal Exchange (LME) was down 0.6% at $9 306/t, as of 05:00 GMT, after hitting a more than one-week high of $9 434/t on Tuesday. The most-active June copper contract on the Shanghai Futures Exchange edged 0.1% lower to 71 600 yuan ($10 606.31) a tonne by the midday break. “There is some selling… Read More Here

Battery Metals Cobalt International Mining in DRC

Electric vehicles surpass phones as top driver of cobalt demand

May 18, 2022May 18, 2022 admin

Electric vehicles (EVs) overtook smartphones and other high-tech devices for the first time last year as the main driver of cobalt demand, with the sector consuming 59,000 tonnes of the battery metal, or 34% of the total globally. According to a report published on Tuesday by the Cobalt Institute, cellphones manufacturers consumed 26,000 tonnes of the metal used in lithium-ion batteries, while laptops and tablets accounted for 16,000 tonnes of the total demand, which reached 175,000 tonnes. The figure contrasts with the 160,000 tonnes of cobalt mined last year, highlighting one of… Read More Here

Copper International

Copper price rises on easing covid-19 restrictions in China

May 18, 2022May 18, 2022 admin

Copper prices climbed on Tuesday as easing lockdown restrictions in China stoked hopes of improving demand. Shanghai set out plans on Monday for ending the covid-19 lockdown that has lasted more than six weeks. The commercial hub of 25 million on Tuesday achieved the long-awaited milestone of three consecutive days with no new covid cases outside quarantine zones. “Shanghai is coming out of lockdown gradually and that is giving rise to demand hopes for cyclical commodities in particular,” said Commerzbank analyst Daniel Briesemann. “From a technical point of view, most… Read More Here

Equipment & Technology International Mining technology

Caterpillar eyes energy transition as growth driver for mining business

May 18, 2022May 18, 2022 admin

Construction equipment maker Caterpillar Inc believes demand for critical minerals as the clean energy transition gathers pace will translate to solid returns for its mining business, CEO Jim Umpleby said in an interview on Tuesday. The company is aiming at a global market worth about $5 trillion for energy transition infrastructure between 2021 and 2040, Umpleby said. “Mining capital expenditures have been relatively subdued over the last few years and we believe that will increase,” he told Reuters after the company’s investor day meetings. Executives reaffirmed the heavy machinery giant’s machinery, energy and transportation services… Read More Here

International Equipment & Technology Mining technology

Epiroc to relocate operations from Japan to China

May 18, 2022May 18, 2022 admin1 Comment

Epiroc, a leading productivity and sustainability partner for the mining and infrastructure industries, will relocate the production and development of drill rigs for surface construction from Japan to its facility in Nanjing, China. The production facility in Yokohama, Japan, has been sold and will be closed. Epiroc’s customer center will be relocated in the Yokohama area to keep supporting customers in Japan with product and application know-how as well as to provide overhauls, rebuilds, and upgrades of their existing fleets. In Nanjing, the manufacturing will benefit from larger-scale production, sourcing,… Read More Here

Equipment & Technology Mining technology

Sandvik lifts financial targets, cuts costs amid global uncertainty

May 17, 2022May 17, 2022 admin1 Comment

Swedish engineering group Sandvik on Tuesday set in place new measures to cut costs and raised its long-term financial targets as uncertainty continued amid the conflict in Ukraine. Among its new measures, the maker of metal-cutting tools and mining gear said it would consolidate production units and close sites in a bid to save an annual 600 million Swedish crowns ($60 million). Sandvik said it was targeting higher revenue growth of at least 7% through a business cycle, organically and through acquisitions, and adjusted operating margin (EBITA) of 20-22%. Its previous targets had been for at least 5% revenue growth and 16%… Read More Here