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How the latest technology is driving safer, more sustainable, and optimised underground mining 1 Mining technology Equipment & Technology 

How the latest technology is driving safer, more sustainable, and optimised underground mining

The mining sector is notorious for being slow when it comes to embracing new technology. Mining is a cyclical industry, so organisations have been wary of making big changes, but trends suggest that this could be changing. According to the Mine-Site Technology Adoption Survey, 2022 Update analysis from GlobalData, 39% of mines are expected to invest in battery electric vehicles in the coming two years, compared with only 23% in the Q4 2020 survey. So, what is pushing this increased interest in battery electric vehicles? Decarbonisation is one clear factor, with sustainability… Read More Here
Dwyka to make tech tangible at Mining Indaba, conduct live virtual walkabouts 2 Events & Expos Mining technology 

Dwyka to make tech tangible at Mining Indaba, conduct live virtual walkabouts

Pan-African mining technology platform Dwyka Mining Services plans to have key technology partners join its team at the upcoming Investing in African Mining Indaba 2022 to offer their view on mining technology in an effort to “make tech tangible” for Dwyka customers. “Making technology tangible means getting people to demonstrate, interact, engage and see how technology can make a difference at their operations,” says Dwyka CEO Jamie van Schoor. The Investing in African Mining Indaba will be held in Cape Town from May 9 to 12. Dwyka assists underground mining clients to adopt and adapt to evolving technologies with a focus on supporting efforts to improve safety, health and environmental conditions in the collaborative pursuit of the digital mine of the… Read More Here
Market: the price of iron increases to 132.05 USD per ton 3 International Iron 

Market: the price of iron increases to 132.05 USD per ton

The price of iron ore rose on Friday, fueled by demand hopes as Beijing pledged to step up policy support to stabilize the economy. At a Politburo meeting chaired by President Xi Jinping on Friday, Xi said China would adopt a set of policies to help pandemic-hit industries, step up infrastructure construction and support the healthy development of the real estate market. The benchmark iron ore on the Dalian Commodity Exchange jumped 4.2% to 870 yuan ($132.05) a ton at the close. China announced on Thursday that it would cut… Read More Here
Zambia and DRC sign Cooperating Agreements to Start Manufacturing Electric Batteries 4 Battery Metals Mining in DRC Mining in Zambia 

Zambia and DRC sign Cooperating Agreements to Start Manufacturing Electric Batteries

Head of State Félix Tshisekedi and his Zambian counterpart Hakainde Hichilema decide to harmonize their development policies and strategies vis-à-vis the mining and industrial sector for the success of the market relating to the establishment of a value in the electric battery and clean energy sector. To do this, they have set up a framework called “Battery Council of the Republic of Zambia and the Democratic Republic of Congo (DRC – Zambia Battery Council). “Our two brotherly states agree to set up a common governance framework, called the Battery Council of… Read More Here
Gold price back above $1,900, but still on pace for monthly drop 5 Gold International 

Gold price back above $1,900, but still on pace for monthly drop

Gold reversed course and climbed back above the $1,900/oz level on Friday, as the precious metal was boosted by a pullback in the dollar. Spot gold gained 0.8% to $1,910.26/oz by 11:00 a.m. ET, having dropped to a two-month low earlier this week. US gold futures were up by 1.2%, trading at $1,915.30/oz on the Comex. “The dollar strengthening early in the week was a major driver for the gold weakness, and as we’ve seen the dollar reverse … that is clearly lending some support to gold,” Saxo Bank analyst Ole Hansen told Reuters,… Read More Here
Trafigura seeks control of Zimbabwe’s metals for unpaid debts 6 Mining Companies 

Trafigura seeks control of Zimbabwe’s metals for unpaid debts

Trafigura Group and Zimbabwe’s government have discussed a deal that would give the commodities trader control over output from some of the nation’s biggest mines as repayment for debts, documents seen by Bloomberg show. Under the agreement, Trafigura will be paid $225.6 million by nickel- and gold-mining subsidiaries of state-run Kuvimba Mining House Ltd. for fuel bills Zimbabwe owes Trafigura on contracts dating back to 2016, the documents show. Zimbabwe’s government was represented by the Finance Ministry in the agreement. Trafigura is one of the world’s biggest oil and metals… Read More Here
GoviEx ramps up at Mutanga, targeting feasibility study 7 Mining in Zambia New Mining Projects Uranium 

GoviEx ramps up at Mutanga, targeting feasibility study

Canada-based GoviEx Uranium has started its 2022 field programme at its 100%-owned and mine-permitted Mutanga uranium project, in Zambia, which is planned to be developed following the company’s flagship Madaouela uranium project, in Niger. The field programme will target key aspects that will assist to progress Mutanga towards completion of a feasibility study and potential subsequent funding and construction. The planned field programme includes 15 500 m of infill drilling, with the aim to upgrade Mutanga’s Dibwe East resource from the inferred to the indicated category, extending the work completed… Read More Here
A ton of cobalt rises to 81,750.00 USD as of April 29, 2022 on the international market 8 International Cobalt 

A ton of cobalt rises to 81,750.00 USD as of April 29, 2022 on the international market

After recording a slight drop of around -20 USD last week on the international market, cobalt is on the rise again and should end the last week of April 2022 on a good flight. As of April 29, 2022, a tonne of cobalt is trading at USD 81,750.00 on the international market compared to USD 81,559.00 per tonne last week, reports the London Stock Exchange. During this week, cobalt recorded a positive price gap of around 191 USD. According to experts, there are no factors that would trigger a significant… Read More Here
Zambia's ZCCM-IH to appoint adviser to restructure Mopani Copper Mines 9 Copper Mining in Zambia 

Zambia’s ZCCM-IH to appoint adviser to restructure Mopani Copper Mines

Zambia’s state mining investment firm ZCCM-IH is in the process of appointing a financial adviser to restructure Mopani Copper Mines and help find an investor for the copper mine, board chair Dolika Banda said on Friday. The appointment is “imminent”, Banda said, adding that ZCCM should find a new equity partner within the next six months to a year. Zambia’s President Hakainde Hichilema on Monday said the government is “very close” to finding an investor for Mopani. Zambia took on $1.5-billion in debt to buy Mopani from Glencore in January 2021 and has been… Read More Here
Zimbabwe's Mnangagwa confirms Mining Indaba attendance 10 Events & Expos 

Zimbabwe’s Mnangagwa confirms Mining Indaba attendance

Zimbabwe’s President Emmerson Mnangagwa has been confirmed as an attendee at this year’s Investing in African Mining Indaba to be held in Cape Town from May 9 to 12. He will join other heads of State, including South African President Cyril Ramaphosa, Botswana President Dr Mokgweetsi Eric Keabetswe Masisi, Zambia President Hakainde Hichilema and Democratic Republic of Congo PM Jean-Michel Sama Kukonde Kyenge at the event. “Since assuming the mantle of President in 2017, Mnangagwa has continued to emphasise the importance of mining to the Zimbabwean economy and people and has sought to encourage investment in exploration, mining and refining. “Under his watch, a number of significant mining investments… Read More Here

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