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Fortescue sees first major hydrogen project within next 9 months 1 Energy Equipment & Technology International 

Fortescue sees first major hydrogen project within next 9 months

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Fortescue Future Industries will announce its first major clean energy project within the next nine months, as the unit of Fortescue Metals Group Ltd. attempts to reach its ambitious green hydrogen production goals. “We’ve got a couple of projects which are getting very close to first investment decision, and so we’re looking to do that certainly over the next nine months or so to have those announcements out there,” Guy Debelle, chief financial officer of FFI and former deputy governor of the Reserve Bank of Australia, said in an interview… Read More Here
Metso Outotec launches Courier 8X SL flotation analyzer for light and heavy elements 2 Equipment & Technology Mining technology 

Metso Outotec launches Courier 8X SL flotation analyzer for light and heavy elements

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Metso Outotec is introducing the Courier 8X SL analyzer with enhanced technology for maximizing plant efficiency by enabling the measurement of light elements while improving recovery and reducing impurity content in flotation circuits. Courier 8X SL measures booth light and heavy elements using laser-induced breakdown spectroscopy (LIBS). The result is the optimization of concentrate impurity content while maintaining the best possible recovery. It can also be used in lithium recovery in spodumene flotation. Courier 8X SL will replace Courier 8 SL in Metso Outotec’s automation portfolio, and the previous generation… Read More Here
Gas blocks in the DRC: Greenpeace worries about a "rushed process" 3 Mining in DRC Oil & Gas 

Gas blocks in the DRC: Greenpeace worries about a “rushed process”

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The environmental NGO Greenpeace Africa, which opposes the exploitation of hydrocarbons in the DR Congo, expressed concern on Thursday evening about the “rush” with which Kinshasa wants, according to it, to start the exploration of the gas from Lake Kivu, in the east of the country. The Congolese government proceeded Wednesday to the counting of the candidatures of a dozen companies and consortia which expressed their interest for three blocks of methane gas identified in this lake, on the border between the DRC and Rwanda.  The Minister of Hydrocarbons, Didier… Read More Here
MMG to start arbitration against Congo’s Gecamines 4 Mining in DRC Mining Companies 

MMG to start arbitration against Congo’s Gecamines

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MMG Limited said it plans to launch international arbitration against Congolese state mining company Gecamines after Democratic Republic of Congo armed forces occupied two concessions near its Kinsevere copper mine. Hong Kong-listed MMG said armed forces entered its Nambulwa mining lease on Sept. 16 claiming Gecamines had signed a research contract for it. MMG staff were able to return to site and continue work from Sept. 28 but the armed forces remained there, MMG said. The company also said that security forces removed MMG staff from its Sokoroshe II mining… Read More Here
DRC: eight candidate companies for the acquisition and exploitation of three gas blocks in Lake Kivu 5 Mining in DRC Oil & Gas 

DRC: eight candidate companies for the acquisition and exploitation of three gas blocks in Lake Kivu

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The Congolese Minister of Hydrocarbons, Didier Budimbu, chaired, on Wednesday October 12, 2022, in Kinshasa, the opening ceremony of the bids received within the framework of the Notice of call for tenders launched on July 28, 2022 by the President of the Republic, Félix Tshisekedi, for the acquisition and exploitation of three gas blocks from the Lac. It was at the Pullman hotel in Kinshasa in the presence of national deputies, senators, members of the cabinet and the technical secretariat of the ad-hoc Commission made up of delegates from the Ministry… Read More Here
Gold price fluctuates as BOE warning leaves investor sentiment fragile 6 Gold International 

Gold price fluctuates as BOE warning leaves investor sentiment fragile

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Gold fluctuated after comments by the Bank of England on removing emergency market support by the end of the week rattled traders, leaving investor sentiment fragile. BOE Governor Andrew Bailey’s warning to fund managers to wind up positions that they can’t maintain before market support is withdrawn at the end of the week drove up Treasury yields and the dollar on Tuesday, pressuring gold. The non-yielding metal gave up gains to end the day slightly lower. Bullion edged up Wednesday from a one-week low, while traders await critical US inflation… Read More Here
DRC: LICOCO demands full disclosure of those corrupted by Glencore 7 Mining in DRC Mining Companies 

DRC: LICOCO demands full disclosure of those corrupted by Glencore

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The Congolese Anti-Corruption League (LICOCO) is calling on the government of the Democratic Republic of Congo (DRC) to release the names of those corrupted by Glencore, a mining company. This, after Glencore admitted to American justice “to have bribed officials in Côte d’Ivoire, Equatorial Guinea, Nigeria, Cameroon, the Democratic Republic of Congo (DRC) and South Sudan”. In a press release published on October 10, 2022, LICOCO considers it necessary that light be shed after revelations of corruption made by Glencore. Several recommendations were made, particularly with regard to the Government and… Read More Here
Glencore faces flood of UK litigation following bribery charges 8 Mining Companies International 

Glencore faces flood of UK litigation following bribery charges

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Glencore Plc faces a raft of class-action style lawsuits from investment and pension funds in the UK, months after the mining giant pleaded guilty to market manipulation and bribery. Mubadala Investment Company and International Petroleum Investment Company are among over a dozen funds who filed claims at a London court against Glencore and a group of its executives in recent weeks, according to court records. While there is no public record of what the claimants allege, people familiar said it was linked to the more than $1 billion fine Glencore… Read More Here
DRC: call for tenders for 3 gas blocks, the counting of the bids set for this Wednesday, October 12, 2022 9 Mining in DRC Oil & Gas 

DRC: call for tenders for 3 gas blocks, the counting of the bids set for this Wednesday, October 12, 2022

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Initially scheduled at the address of the Technical Secretariat of the ad hoc Commission at 10:00 a.m., the public session for examining the bids of bidders for the call for tenders for three gas blocks in Lake Kivu will finally take place on the same day, i.e. on Wednesday, October 12, 2022 in the Salonga room of the Pullman hotel in Kinshasa, the capital of the Democratic Republic of Congo (DRC). This clarification was provided by the Congolese Minister of Hydrocarbons, Didier Budimbu, in a press release published on Tuesday,… Read More Here
DRC's oil company Cobil ready to deploy throughout the national territory 10 Mining in DRC Oil & Gas 

DRC’s oil company Cobil ready to deploy throughout the national territory

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The oil company Cobil would be ready to deploy throughout the territory of the Democratic Republic of Congo (DRC). These assurances were given by the Deputy Managing Director of this oil company,Olivier Okunda, during the work of the Round Table on the supply of petroleum products in the Grand Equateur and Grand Kasaï spaces open, on Monday, October 10, 2022, in Kinshasa. , under the leadership of the Minister of Hydrocarbons, Didier Budimbu. “ It is possible that we can expand to all the provinces of the DRC. The Cobil company was… Read More Here

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