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Zambia and Namibian Govt to sign MOU for gas, oil pipeline construction

May 19, 2022May 19, 2022 admin

The Zambian and Namibian governments are next month expected to sign a Memorandum of Understanding for the construction of a Gas and Oil pipeline from Windhoek into Lusaka. Energy Minister Peter Kapala disclosed this when he paid a courtesy call on Siavonga District Commissioner Geoffrey Jakopo at his office. Mr.Kapala said the oil pipeline will help reduce the cost of petroleum products in the country. He disclosed that the project, which is expected to take three to four years to be complete, will have its main gas and oil power… Read More Here

Equipment & Technology Mining technology

Metso Outotec launches gas capture system

May 19, 2022May 19, 2022 admin

Finnish mining equipment developer Metso Outotec has launched a modular Converter Hood System for horizontal converter vessels used in the smelting process. The new system, which is suitable for greenfield and brownfield installations, has an SO2 (sulfur dioxide) gas capture capability of 99%, minimising the environmental impact. The modular design enables quick on-site assembly, so the system is ready to use with minimum plant downtime. “We are excited to launch the new Converter Hood System. Besides its excellent gas capture capability, the system design ensures a well-controlled ingress air flow… Read More Here

Equipment & Technology Mining technology

Global autonomous mining truck population tops thousand mark, to reach 1,800 by 2025 — report

May 19, 2022May 19, 2022 admin

The number of autonomous haul trucks in operation globally reached 1,068 by May 2022, representing an annual increase of 39%, according to figures tallied by GlobalData. The UK-based data analytics firm also expects this total to exceed 1,800 (a 70% increase on current levels) by the end of 2025. The major additions this month came from BHP, which has plans to automate up to 500 haul trucks across its Western Australia iron ore and Queensland coal mines through to 2023. Both Canadian Natural Resources and Suncor Energy also plan to add… Read More Here

Battery Metals Mining in DRC

Julien Paluku describes project to install a pilot plant in the DRC for precursors of electric batteries in Switzerland

May 19, 2022May 19, 2022 admin

The Democratic Republic of Congo was represented by the Minister of Industry Julien Paluku, at the conference on cobalt organized on Tuesday by the firm Cobalt Institute in Zurich, Switzerland. In his speech to Swiss investors, the Congolese minister presented the ongoing project to install a pilot plant for electric battery precursors in Lubumbashi, in the province of Haut-Katanga. This is within the framework of the development of a regional value chain for electric vehicles and batteries as well as clean energies. Julien Paluku, referring to a study conducted by Bloomberg,… Read More Here

Economy

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