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Hitachi Energy selected for haul truck electrification solution 1 Equipment & Technology Mining technology 

Hitachi Energy selected for haul truck electrification solution

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lobal technology company Hitachi Energy has been selected as a technology vendor in the Charge On Innovation Challenge. Founded by BHP, Rio Tinto and Vale, together with multiple industry patrons, the initiative sees the world’s mining industry unite to solve one of the biggest challenges in decarbonising mining operations – the electrification of haul trucks. Hitachi Energy’s proposal met the judges’ rigorous criteria for interoperable solutions, the company says. The flexible design enables electricity to be safely delivered to large battery-powered off-road electric haul trucks, while maintaining or improving productivity… Read More Here
Gold price retreats as dollar rally dims precious metals appeal 2 Gold International 

Gold price retreats as dollar rally dims precious metals appeal

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Gold, along with other precious metals, retreated on Thursday as investors’ attention turned to the accelerating dollar, driven by bets that the US Federal Reserve will stick to aggressive rate hikes. Spot gold fell 1.0% to $1,834.30 per ounce by noon EDT, erasing its gains from the previous session. US gold futures were also down 1.0% to $1,833.90 per ounce in New York. Chipping away gold’s value was the US dollar, which climbed to fresh 20-year highs Thursday, reducing the safe-haven metal’s appeal for other currency holders. “Dollar is rallying… Read More Here
Investors are rushing back into Africa’s copper country 3 Copper Mining in DRC Mining in Zambia 

Investors are rushing back into Africa’s copper country

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Mining investors are stampeding back into a region many had seemed determined to leave. Straddling the border of Zambia and the Democratic Republic of Congo, a vast forested area roughly the size of Portugal contains one of the world’s richest caches of minerals: copper for wires and cables, and cobalt for rechargeable batteries. At the intersection of the two African nations, trucks queue for about 53 kilometers (33 miles) along a cratered road snaking past giant mounds of mining residue and villagers selling stacks of watermelons — most of them… Read More Here
Zambian energy crisis opening way to clean energy for the country and its mines 4 Energy Mining in Zambia 

Zambian energy crisis opening way to clean energy for the country and its mines

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The energy crisis in Zambia had created a situation in which the country could combine increasing its electricity generation capacity with a simultaneous transition to low-carbon renewable energy sources. This was pointed out to Mining Weekly Online by Zambian State-owned group ZCCM Investments Holdings board chairperson Dolika Banda in an exclusive interview at the Mining Indaba 2022 conference in Cape Town, on Thursday. “Our energy situation is untenable,” she affirmed. “Electricity is unreliable and power outages are frequent. Many have to use generators, which is costly. This situation is not sustainable. Zambia… Read More Here
GEMSTAR CELEBRATES BREAKING A GUINNESS WORLD RECORDS 5 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 6 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 7 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 8 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 9 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 10 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

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