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GEMSTAR CELEBRATES BREAKING A GUINNESS WORLD RECORDS 1 Gemstones Mining in Zambia 

GEMSTAR CELEBRATES BREAKING A GUINNESS WORLD RECORDS

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Gemstar is delighted to announce that they are the new GUINNESS WORLD RECORDS title holder for the Largest uncut emerald.The record was given to the largest high-quality emerald ever found at Gemfields’ Kagem mine in Zambia, the extraordinary 7,525-carat (1.505kg), single-crystal Chipembele. Chipembele is known as “the rhino emerald”, with Chipembele meaning rhino in the indigenous Zambian dialect of Bemba.Traditionally, only the rarest and most remarkable emeralds have been given names. It was with great pride that Eshed -Gemstar and Gemfields formally unveiled this accolade together at Gem Geneva, the… Read More Here
Metso Outotec groups instrument range 2 Equipment & Technology Mining technology 

Metso Outotec groups instrument range

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Finnish mining equipment maker Metso Outotec will group its portfolio of intelligent instruments under the new “Sense” range. The company said the instruments portfolio is designed to solve specific process challenges and enable optimization for minerals and hydrometallurgical processes. “Metso Outotec Sense series includes specialised instruments that provide data for analytics and a better understanding of processes. They utilize the latest technologies, such as artificial intelligence (AI) and neural networks for extra insight. These additional tools for process problem solving and data mining can significantly help improve production within customer… Read More Here
Gold price moves higher after US inflation report 3 Gold International 

Gold price moves higher after US inflation report

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Gold climbed higher on Wednesday after hotter-than-expected US inflation fueled expectations that the Federal Reserve will maintain a path of aggressive interest-rate hikes. Spot gold gained 0.8% to $1,853.84 per ounce by 12:20 p.m. ET, but is still tracking lower on a weekly basis. US gold futures were 0.6% higher at $1,851.60 per ounce. According to Labor Department data released Wednesday, the core consumer price index, which excludes food and energy, increased 0.6% from a month earlier and 6.2% from April 2021, exceeding the median forecasts of economists. The broader CPI rose… Read More Here
Copper tumbles to 7-month low as slowdown fears rock markets 4 Copper International 

Copper tumbles to 7-month low as slowdown fears rock markets

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Copper prices tumbled on Thursday to their lowest in seven months and other industrial metals fell as traders worried that a slowing global economy would require less metal. With inflation surging and interest rates rising, growth fears also pushed down oil prices and stock markets hit a one-and-a-half-year low.  The dollar, meanwhile, reached a new 20-year high against a basket of major rivals, making dollar-priced metals costlier for buyers with other currencies.  Benchmark copper on the London Metal Exchange (LME) was down 3.5% at $9 017/t at 11:02 GMT and down 17%… Read More Here
Anglo American to return to Zambia with Arc Minerals copper deal 5 Copper Cobalt Mining in Zambia 

Anglo American to return to Zambia with Arc Minerals copper deal

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Junior exploration company Arc Minerals has entered into an agreement with a subsidiary of diversified miner Anglo American, which formalises the parties’ intention to form a joint venture (JV) with respect to Arc’s copper/cobalt project in the North-Western province of Zambia. Under the agreement, Anglo will have the right to earn a 70% interest in the JV for an aggregate investment of up to $88.5-million, including a cash consideration of up to $14.5-million, while Arc will retain the remaining 30%. “This agreement represents a major turning point for Arc and… Read More Here
African leaders talk up policy reform and regional cooperation in the mining sector 6 Economy Battery Metals Cobalt Copper Corporate social responsibility Events & Expos 

African leaders talk up policy reform and regional cooperation in the mining sector

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The Invest in Africa Mining Indaba heard that African leaders are waking up to the fact that the continent stands at the precipice of a generational opportunity to reinvent itself and participate in meaningful economic upliftment as the global energy transition accelerates. But to get there, several African leaders spoke of ongoing policy reforms to attract new investment and create new regional value chains to service the emerging green economy. South Africa’s president, Cyril Ramaphosa, told the Indaba audience that policy reforms were at the core of what was required… Read More Here
Mining Indaba: Robert Friedland: ‘World economy can’t change unless we develop a lot more mines’ 7 Events & Expos 

Mining Indaba: Robert Friedland: ‘World economy can’t change unless we develop a lot more mines’

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Global mining personality and financier Robert Friedland has singled out Africa and the Arabian Shield as the venues where the world’s future-facing minerals and metals will be responsibly produced. “This is where humanity is going to make it or break it,” he told the Investing in Africa Mining Indaba currently underway in Cape Town, South Africa. He points out that the large copper mines in Latin America are aging and declining in grade, requiring increasing amounts of fossil-fuel-derived energy to process ever-increasing tonnages to keep up with historical production. “They’re very low… Read More Here
Sandvik showcasing electric concept rig for surface drilling at Vei og Anlegg 2022 in Norway 8 Equipment & Technology International 

Sandvik showcasing electric concept rig for surface drilling at Vei og Anlegg 2022 in Norway

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Sandvik Mining and Rock Solutions is bringing a groundbreaking electric concept drill rig for surface drilling to the Vei og Anlegg 2022 exhibition, one of Scandinavia’s largest construction trade shows, May 11–14 2022. The new concept rig demonstrates some of the advanced technologies that will be introduced on future series drill rigs to support more sustainable and energy-efficient surface drilling, particularly in urban construction applications. The concept drill rig is essentially a versatile R&D platform for demonstrating the most advanced, but nevertheless proven and validated, sustainability technologies that are already… Read More Here
Copper price recovers as China covid cases ease 9 Copper International 

Copper price recovers as China covid cases ease

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Copper price rebounded on Wednesday as slowing covid-19 infections in top metals consumer China eased near-term demand concerns, even as enduring pandemic-related lockdowns weighed on sentiment. Copper for delivery in July rose 2.3% from Tuesday’s settlement price, touching $4.25 per pound ($9,350 per tonne) midday Wednesday on the Comex market in New York. The most-active June copper contract on the Shanghai Futures Exchange was up 0.3% at 71,641 yuan ($10,666.42). Shanghai said half the city had achieved “zero-COVID” status, but uncompromising restrictions had to remain in place under a national… Read More Here
Congo mines minister seeks to cancel artisanal cobalt monopoly 10 Cobalt Artisanal mining Mining in DRC 

Congo mines minister seeks to cancel artisanal cobalt monopoly

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Democratic Republic of Congo Mines Minister Antoinette N’Samba Kalambayi is seeking to cancel a decree granting Entreprise Generale du Cobalt (EGC) a monopoly over artisanal cobalt produced in the country, she told Reuters on Wednesday. EGC was created to buy, process, and market artisanal cobalt by government decree in December 2019 and officially launched on March 31 last year but has yet to purchase any cobalt ore. Artisanal miners, who dig cobalt with rudimentary means, are the world’s second-largest source of the metal used in electric vehicle batteries after the Congo’s industrial… Read More Here

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