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DRC-Ventora agreement: what does Dan Gertler win? (Franck Fwamba, mining activist)

May 5, 2022May 5, 2022 admin

The Ventora group of Israeli businessman Dan Gertler is to return its mining and oil assets to the DRC. This, after the signing of a memorandum of understanding for an amicable settlement with the Congolese State. In figures, more than 2.5 billion US dollars will be returned to the DRC. Beyond the gains obtained by the Congolese state, what does Dan Gertler earn? The answers of Franck Fwamba, mining activist and coordinator of the organization “Touche pas à mon cobalt”. Franck Fwamba is also a signatory of the declaration of the group of 31… Read More Here

Cobalt International

The demand for Cobalt could increase by 143 to 370% between 2020 and 2040

May 5, 2022May 5, 2022 admin1 Comment

Linked to a very important economic industry, in particular that of electric cars, cobalt stands out as an essential mineral in the world economy. According to industry experts, the demand for cobalt could increase by 143 to 370% between 2020 and 2040 depending on the pace of the global energy transition. In terms of comparison, between 2000 and 2020, cobalt production increased by 320%, while copper production increased by 1,415%. Manufacturers of electric vehicle (EV) batteries (a market that has grown from virtually nothing in 2010 to producing 2.3 million… Read More Here

Gold International

Barrick Gold Q1 profit beat estimates, doubles dividend

May 4, 2022May 4, 2022 admin

Miner Barrick Gold doubled its quarterly dividend on Wednesday after reporting first-quarter profit above Wall Street expectations, on the back of higher gold and copper prices. Gold, traditionally seen as a safe haven to invest in during times of financial uncertainty, rose above $2 000/oz in early March after Russia invaded Ukraine. It has since retreated to around $1 850/oz. The miner’s realized gold price in the quarter rose 5.6% to $1 876/oz from a year earlier, while copper saw a near 14% increase to $4.68./lb. However, the company’s gold production in… Read More Here

Diamond

Botswana Diamonds discovers largest anomaly to date at Thorny River project

May 4, 2022May 4, 2022 admin1 Comment

Aim- and BSE-listed Botswana Diamonds’ ground geophysics survey on its Thorny River property in South Africa has led to the discovery of the largest anomaly to date on the project, consistent with a kimberlite pipe of 25 m in diameter. A detailed drilling programme is planned for July to August, during the country’s dry season. “The discovery of our largest anomaly to date is an important development for Thorny River as this could add significant additional kimberlite tonnage to the developing mine plan,” chairperson John Teeling says. As a result of a… Read More Here

Battery Metals Lithium Mining in DRC Tin

AVZ Minerals scores long-awaited Manono Project license

May 4, 2022May 9, 2022 admin

AVZ Minerals Limited (ASX: AVZ, OTCQX: AZZVF) (AVZ or Company) is pleased to announce that the Minister of Mines has issued the Ministerial Decree to award the Permit d’Exploitation (PE or Mining Licence) for its flagship Manono Lithium and Tin Project (Manono Project). Dathcom Mining SA is 75% owned by AVZ International Pty Ltd, a wholly owned subsidiary of AVZMinerals Limited.Award of the Mining LicenceThe signing of the Ministerial Decree to award the Mining Licence to Dathcom Mining SA (Dathcom), in which AVZ holds a 75% interest via its wholly… Read More Here

Mining in DRC

Civil society round table on the agreement between the Congolese State and Dan Gertler is a step forward for citizen control of public action”- DRC

May 4, 2022May 4, 2022 admin

The Collective of civil society organizations that took part in the round table organized by the Presidency of the Republic on the agreement signed between the DRC and the Ventora group of the economic operator Dan Gertler, discussed with the press on Tuesday May 3, on the main content of this agreement. This group of 31 NGOs welcomes the act taken by the Presidency of the Republic to involve civil society in learning about the content of this agreement. These non-governmental organizations believe that the DRC has just taken a big… Read More Here

International Oil & Gas

Oil drops as China lockdowns overshadow Russian output risk

May 4, 2022May 4, 2022 admin

Oil fell as lockdowns across China countered looming European Union measures to limit purchases of Russian fuel. West Texas Intermediate settled near $102 on Tuesday after a session marked by low liquidity. Crude has swung within a $15 band in the last three weeks as the market weighs the hit to demand from China’s covid wave against supply concerns stemming from bans on Russian crude. Investors are also bracing for the biggest US rate hike since 2000, which could slow demand. “Crude is trading sideways as we await further details from the… Read More Here

Equipment & Technology International Mining technology

Metso Outotec to deliver copper electrowinning technology to Africa.

May 4, 2022May 4, 2022 admin

Finnish mining equipment maker Metso Outotec has been awarded an Є11 million (US$11.5 million) contract for the delivery of advanced electrowinning equipment to a copper cathode production plant in Africa. Metso Outotec’s scope of delivery includes the supply of basic engineering and equipment for the copper electrowinning plant expansion. Metso Outotec’s offering for copper electrowinning tankhouses comprises pre-engineered solutions, key equipment, and services to ensure superior process performance, increased safety, and minimized environmental impact. Metso Outotec also announced today that it has completed the acquisition of Tesab, a Northern Ireland based company… Read More Here

Energy International

EU Plans to Court Africa to Help Replace Russian Gas Imports

May 4, 2022May 9, 2022 admin

The European Union will seek to step up cooperation with African countries to help replace imports of Russian natural gas and reduce dependence on Moscow by almost two-thirds this year. Countries in Africa, in particular in the western part of the continent, such as Nigeria, Senegal, and Angola, offer largely untapped potential for liquified natural gas, according to a draft EU document seen by Bloomberg News. The communication on external energy engagement is set to be adopted by the European Commission later this month as part of a package to implement the bloc’s plan to cut energy reliance on Moscow. The 27-nation bloc wants to shift away from its biggest… Read More Here

Uranium International

Uranium miners ready to meet market needs, WNFC hears

May 4, 2022May 4, 2022 admin

“We face an unprecedented time ahead of us,” said session moderator Treva Klingbiel, president of TradeTech. “We face both incredible challenges and opportunities given where we are in the marketplace, both with the need for new nuclear and the expectations and realisation that we need it and we face a supply deficit. And also on top of that, we have outsized geopolitical events that are really overshadowing and can impact much of the nuclear fuel cycle.” Cameco President and CEO Tim Gitzel noted the 2011 accident at the Fukushima Daiichi… Read More Here