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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

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

Mining in DRC Tin

The price of tin could register a decline of 2,981.25 USD per tonne this week

May 17, 2022May 17, 2022 admin

The prices of the main mining products exported from the Democratic Republic of Congo (DRC) have been in freefall on the international market for several weeks. This trend was confirmed in the latest report by experts from the National Mercurial Commission of the DRC Ministry of Foreign Trade, which takes into account the period from May 16 to 21, 2022. This document indicates that tin should experience a significant drop during this period and should sell at 40,068.75 USD per tonne against 43,050.00 USD last week, i.e. a negative price… Read More Here

Battery Metals International Lithium

Battery boom pulls trading giant Trafigura into lithium business

May 17, 2022May 17, 2022 admin1 Comment

Trafigura Group said its plan to invest in a new UK lithium refinery will mark the start of the trading giant’s foray into buying and selling the crucial battery metal. Last week’s agreement to back the plant being developed by startup Green Lithium brings the world’s top independent commodities trader into a market struggling to create enough new supply to meet demand for electric vehicles. The deal is part of Trafigura’s plan to grow a lithium trading book and link global car and battery companies to mines, its nickel and… Read More Here

Copper Mining in Zambia

Galileo reports positive exploration progress at its Luansobe copper project

May 17, 2022May 17, 2022 admin

Aim-listed Galileo Resources has announced positive exploration progress at its Luansobe copper project, in Zambia. The project is situated on the Zambian copper belt, where Galileo holds a 75% interest in a small-scale exploration licence. So far, portable X-ray fluorescence (pXRF) spectroscopy testing of the historic drill core, which was subject to full assay checking, has provisionally identified an upper mineralised zone of moderate copper grade, with some higher-grade intervals, in several holes, extending up to 36 m in thickness. “We are receiving very satisfactory results from our work on… Read More Here

Mining Careers Mining in Zambia

ARTISAN, BODY REPAIR | MINING CAREERS AT FQM, SOLWEZI, ZAMBIA

May 17, 2022May 17, 2022 admin

Requisition Number: JR4628 | Contract Type: Fixed Term | Country: Zambia Location: Solwezi Category: Engineering Apply now Job description: PURPOSE The Artisan, Body Repair will be responsible for safely executing maintenance work according to the prescribed standards while ensuring the safety of self and others. KEY RESPONSIBILITIES The suitable candidate will be required to adhere to all relevant requirements, policies, procedures and legal regulations pertaining to health, safety, environment and quality, as well as finance, human resources, and any other regulations as required by the company and relevant to the level of the role and responsibilities of the… Read More Here

Mining Careers Mining in Zambia

ARTISAN, CARPENTER | MINING CAREERS AT FQM, SOLWEZI, ZAMBIA

May 17, 2022May 17, 2022 admin

Requisition Number: JR4887 | Contract Type: Fixed Term | Country: Zambia Location: Solwezi Category: Engineering Apply now Job description: PURPOSE To safely execute maintenance & installation work according to prescribed standards. KEY RESPONSIBILITIES The holder of this position will be required to adhere to all relevant requirements, policies, procedures and legal regulations pertaining to health, safety, environment and quality, as well as finance, human resources, and any other regulations as required by the company and relevant to the level of the role and responsibilities of the function. Installation. Must be able to construct, erect, install, renovate and repair… Read More Here

Mining in DRC Mining Supply Tenders Oil & Gas

Africa-APPO 2022: Didier Budimbu pleads for better support for tenders for 16 oil blocks in the DRC

May 17, 2022May 17, 2022 admin

In anticipation of the launch of calls for tenders for the acquisition and exploitation of 16 oil blocks, the data of which are already available, the Congolese Minister of Hydrocarbons, Didier Budimbu, pleaded with his African peers from the Organization of African oil producers for better support for these operations scheduled for July 28 and 29. The Congolese Minister, Didier Budimbu, seized the opportunity of the 8th Conference of African Producing Countries (APPO), to plead for a balance between continuing to work for the protection of the global ecosystem whose… Read More Here