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Metso Outotec and Panafrican Equipment sign crushing and screening pact 1 Equipment & Technology International Mining technology 

Metso Outotec and Panafrican Equipment sign crushing and screening pact

Metso Outotec and Panafrican Equipment Group have signed a distribution agreement for Metso Outotec’s stationary and mobile crushing and screening equipment for the aggregates and mining contractor customer segments. The agreement covers Nigeria, Sierra Leone, Ghana, Kenya, Tanzania, Uganda, Rwanda and Burundi, where Panafrican Equipment Group has already an extensive and established presence in the construction and mining businesses, according to Metso Outotec. Olli-Pekka Oksanen, SVP, Global Distribution Management in the Aggregates business area at Metso Outotec, said: “We believe that our co-operation with Panafrican Equipment Group will help us… Read More Here
Metso Outotec consolidates tailings tools 2 Equipment & Technology Mining technology 

Metso Outotec consolidates tailings tools

Finnish mining equipment maker Metso Outotec has launched a Tailings Management Solutions portfolio it says tackles the entire chain of processes involved in tailings management. The new portfolio incorporates frontrunning products and covers tailings thickening and dewatering as well as handling through conveying and dry stacking, the firm said. The company added that elsewhere on the value chain, it also offers a frontrunning portfolio of solutions for the treatment of water produced during dewatering, enabling closed water loops while managing the level of impurities within the recycled water. “The rising… Read More Here
Epiroc profit, orders beat forecasts 3 Equipment & Technology International Mining technology 

Epiroc profit, orders beat forecasts

Swedish mining gear maker Epiroc posted on Monday first-quarter earnings and order bookings above market expectations, despite a negative impact on its business in Russia and Ukraine, and forecast strong demand ahead. The global mining industry has benefited from rising prices for raw materials, a move further accelerated by Russia’s invasion of Ukraine, but is also contending with high overall inflation and rising energy costs. Epiroc last month suspended all deliveries to its customers in Russia, which accounted for around 6% of the group’s total sales in 2021, after Moscow… Read More Here
Copper price crashes through $10,000 as hedge funds turn most bearish in two years 4 Copper International 

Copper price crashes through $10,000 as hedge funds turn most bearish in two years

The copper price fell on Monday to the lowest in three months with mounting concern about the outlook for demand due both to spreading lockdowns in China and the continuing war in Ukraine. Protests at two big copper mines in Peru knocked out a fifth of the country’s production capacity last week before the government imposed a state of emergency to regain control of the Cuajone mine. However, the market focus is rapidly turning to the demand side of the copper equation, particularly in China, where lockdowns are already braking growth sharply in the world’s… Read More Here
Gold price slips below $1,900 as rate hike fears get better of safe haven metal 5 Gold International 

Gold price slips below $1,900 as rate hike fears get better of safe haven metal

Gold prices slipped further on Monday as prospects of aggressive policy tightening by the US Federal Reserve and a stronger dollar dimmed the precious metal’s safe haven appeal. Spot gold dropped 1.7% to $1,896.42 an ounce by 12:25 p.m. ET, the first time it fell below $1,900 in four weeks. US gold futures slumped by 2.0% to trade at $1,896.00 an ounce. “It seems that the fears about rate hikes have gotten the upper hand as of late,” Julius Baer analyst Carsten Menke told Reuters. With expectations for a half-percentage point interest… Read More Here
Kinross sells Chirano gold mine in Ghana to Asante in $225m deal 6 Gold 

Kinross sells Chirano gold mine in Ghana to Asante in $225m deal

Kinross Gold (TSX: G) (NYSE: KGC) is selling its 90% interest in the Chirano mine in Ghana to fellow Canadian Asante Gold (CSE: ASE) in a cash and shares deal worth $225 million. The open-pit and underground mining operation in southwestern Ghana produced 154,668 gold-equivalent ounces in 2021, compared to 166,590 in 2020 and is located immediately south of Asante Gold’s Bibiani gold mine. The government of Ghana holds a 10% interest.   The Toronto-based company will receive $115 million in cash and Asante common shares with a value of $50 million based on… Read More Here
Zambia “very close” to picking investor for Mopani copper mine 7 Copper Mining Companies Mining in Zambia 

Zambia “very close” to picking investor for Mopani copper mine

Zambia’s government is close to finding a private investor for Mopani Copper Mines, President Hakainde Hichilema said on Monday, in order to ramp up production at the mine, one of the biggest in the country. Zambia took on $1.5 billion in debt to buy Mopani from Glencore in January 2021 and has been looking ever since for a new investor for the mine, which needs significant investment to increase output. “We believe that with Mopani Copper Mines we are very close but I don’t want to be overambitious,” Hichilema told… Read More Here
Anglo's newly named nuGen™ hydrogen powered mining truck set for May 6 launch 8 Mining technology Equipment & Technology International 

Anglo’s newly named nuGen™ hydrogen powered mining truck set for May 6 launch

The launch of Anglo American’s hydrogen-powered ultraclass mine haul truck – newly named nuGen™ – has been set for May 6, 2022 at Anglo Platinum’s Mogalakwena open pit platinum operation in Limpopo Province, South Africa. The final achievement of first public movement of the truck, a converted 291 t class Komatsu Mining 930E, will be a huge moment for Anglo’s lowcarbon transition and Scope 1 and 2 emissions reduction plans as it works towards its stated interim target of 30% reduction in GHG emissions by 2030, including eight sites carbon neutral by that date. The truck is strictly speaking not purely powered by hydrogen – it is an FCEV truck… Read More Here
Etteplan on board Epiroc’s Minetruck MT42 battery-trolley project 9 Equipment & Technology International Mining technology 

Etteplan on board Epiroc’s Minetruck MT42 battery-trolley project

Finland-based engineering firm, Etteplan says it is collaborating with Epiroc to enable fossil free underground heavy transportation without interruptions and, more specifically, helping redesign its Minetruck MT42 Battery into an electric trolley system. As part of a strategic partnership project that started in 2021, Etteplan’s offices in Finland and Sweden are providing what it says are crucial resources and expertise in the development, helping secure a timely progress of the project. It is providing technical expertise for battery technology, machine electrification, electrical design, system requirements and safety risk assessment. Last… Read More Here
CNPAV regrets inclusion of clause obliging the Congolese state to plead for the lifting of US sanctions against Dan Gertler and his affiliates. 10 Mining in DRC 

CNPAV regrets inclusion of clause obliging the Congolese state to plead for the lifting of US sanctions against Dan Gertler and his affiliates.

The coalition Le Congo Is Not For Sale (CNPAV) reveals that the Democratic Republic of Congo has pledged to assist Israeli businessman Dan Gertler in lifting US sanctions  against him and his affiliates, through the Memorandum of Understanding signed with the Ventora Group. This coalition of NGOs made this revelation in its statement of April 21, 2022. This, after having participated in the round table of restitution on the agreement for the amicable settlement of all disputes between the DRC and the Ventora group of l economic operator Dan Gertler, organized… Read More Here

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