You are here

Written by 

Copper tumbles to 7-month low as slowdown fears rock markets 1 Copper International 

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

admin
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 2 Copper Cobalt Mining in Zambia 

Anglo American to return to Zambia with Arc Minerals copper deal

admin1 Comment
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 3 Economy Battery Metals Cobalt Copper Corporate social responsibility Events & Expos 

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

admin
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’ 4 Events & Expos 

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

admin
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 5 Equipment & Technology International 

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

admin
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 6 Copper International 

Copper price recovers as China covid cases ease

admin
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 7 Cobalt Artisanal mining Mining in DRC 

Congo mines minister seeks to cancel artisanal cobalt monopoly

admin
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
Mining giants back eight winning ideas in global Charge On Innovation Challenge to decarbonise mining 8 International 

Mining giants back eight winning ideas in global Charge On Innovation Challenge to decarbonise mining

admin1 Comment
In the global quest to significantly decarbonise mining operations, eight technology innovators’ submissions have been selected to progress beyond the Charge On Innovation Challenge. The global challenge, launched by BHP, Rio Tinto and Vale sought to accelerate commercialisation of effective solutions for charging large electric haul trucks while simultaneously demonstrating there is an emerging market for these solutions in mining. The eight innovators selected are ABB, Ampcontrol and Tritium (Australia), BluVeinXL, DB Engineering & Consulting with Echion Technologies, Hitachi, Shell Consortium, Siemens Off-board power supply, and 3ME Technology. The Charge… Read More Here
Sama Lukonde reaffirms DRC govt's determination on the creation of electric battery manufacturing plants at the local level 9 Battery Metals Events & Expos Mining in DRC 

Sama Lukonde reaffirms DRC govt’s determination on the creation of electric battery manufacturing plants at the local level

admin1 Comment
May 11 in Cape Town, South Africa, on the sidelines of the Indaba Mining investing Forum, the Prime Minister, Jean-Michel Sama Lukonde answered questions from the press. The head of the Congolese government combed through all the relevant issues at the center of the Indaba Mining conference.  Taking advantage of this opportunity, he reaffirmed loud and clear the determination of the Democratic Republic of Congo to position itself, in Africa, in the production of electric batteries with regard to a large deposit of Lithium available to the Country. is an ongoing… Read More Here
Vedanta agrees to suspend lawsuits over Zambia copper mines 10 Copper Mining Companies Mining in Zambia 

Vedanta agrees to suspend lawsuits over Zambia copper mines

admin
Billionaire Anil Agarwal’s Vedanta Resources Ltd. confirmed it has agreed to suspend legal action to reclaim copper mines Zambia seized three years ago, pending talks to settle the dispute. Konkola Copper Mines was placed under provisional liquidation after the previous Zambian government accused parent company Vedanta of lying about expansion plans and paying too little tax. Vedanta has denied any wrongdoing. The company has said it wants the mines back and has pledged to invest about $1.5 billion to revive the operations.  “Vedanta has always been of the view of… Read More Here

You have successfully subscribed to the newsletter

There was an error while trying to send your request. Please try again.

Copperbelt Katanga Mining will use the information you provide on this form to be in touch with you and to provide updates and marketing.