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Metso orders increase 29% in March quarter 1 Equipment & Technology Mining technology 

Metso orders increase 29% in March quarter

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Orders to Finnish machinery company Metso Outotec jumped by 29% in the March quarter to €1.42 billion. The increase in orders was driven by high commodity prices and production rates in the mining sector. Sales increased 26% to €1.16 billion, while operating profit increased 53% to €139 million. Adjusted EBITDA for the quarter grew 37% to €157 million. Costs increased on raw materials, components, freights, and energy throughout the March quarter, but the company was able to mitigate those costs better than it had in the second half of 2021.… Read More Here
CNPAV statement regarding the round table agreement between the Ventora group of Dan Gertler and the DRC 2 Mining in DRC 

CNPAV statement regarding the round table agreement between the Ventora group of Dan Gertler and the DRC

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Participation in the work of the round table On April 12, 2022, the Office of the President of the Republic invited representatives of civil society to the feedback round table on the amicable settlement agreement for all disputes between the DRC and the Ventora group of economic operator Dan Gertler. Representatives of seven member organizations of the  Congo is not for sale coalition  (CNPAV) coalition were invited.1 During the said round table which was held on April 13-14, 2022, the Deputy Director of Cabinet of the President of the Republic André Wameso, main… Read More Here
Copper rebounds after miners report sliding production 3 Copper International 

Copper rebounds after miners report sliding production

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Copper prices bounced on Thursday after a spate of production problems that threaten to cut supply, including a state of emergency in Peru, the world’s second biggest producer. Benchmark three-month copper on the London Metal Exchange (LME) added 0.6% to $10 280/t in official open-outcry trading after two days of losses. “We’ve seen several reports this week from some of the major miners that they are struggling with diesel costs, steel costs, input costs in general, making it much more of a challenge to maintain production,” said Ole Hansen, head of commodity strategy at… Read More Here
𝐁𝐎𝐓𝐒𝐖𝐀𝐍𝐀 𝐔𝐑𝐀𝐍𝐈𝐔𝐌 𝐃𝐑𝐄𝐀𝐌 𝐑𝐄𝐒𝐔𝐑𝐅𝐀𝐂𝐄𝐒 𝐀𝐒 𝐏𝐑𝐈𝐂𝐄𝐒 𝐆𝐑𝐀𝐃𝐔𝐀𝐋𝐋𝐘 𝐏𝐈𝐂𝐊 𝐔𝐏 4 Uranium 

𝐁𝐎𝐓𝐒𝐖𝐀𝐍𝐀 𝐔𝐑𝐀𝐍𝐈𝐔𝐌 𝐃𝐑𝐄𝐀𝐌 𝐑𝐄𝐒𝐔𝐑𝐅𝐀𝐂𝐄𝐒 𝐀𝐒 𝐏𝐑𝐈𝐂𝐄𝐒 𝐆𝐑𝐀𝐃𝐔𝐀𝐋𝐋𝐘 𝐏𝐈𝐂𝐊 𝐔𝐏

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Botswana Uranium deposits are some of the largest inthe World.– A-Cap suspended some onsite works back in 2018, due to low Uranium prices.– Work has now resumed after a positive signal from global Uranium prices. 𝑻𝒉𝒆 𝑷𝒓𝒐𝒋𝒆𝒄𝒕𝒔 | 𝑼𝒓𝒂𝒏𝒊𝒖𝒎 The Letlhakane Uranium Project is one of the world’s largest (global top 10) undeveloped Uranium Deposits. Though named Letlhakane, the project is located near Serule, adjacent to Botswana’s main North-South infrastructure corridor that includes a sealed all-weather highway (the A1 Highway), railway line and the national power grid, all of which… Read More Here
Fuel prices set to affect number of investors willing to invest in the mining sector- Zambia 5 Mining in Zambia Energy 

Fuel prices set to affect number of investors willing to invest in the mining sector- Zambia

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The Emeralds and Semi-Precious Stones Mining Association of Zambia-ESMAZ have stated that due to the high cost of fuel, the mining sector is expected to attract low investment this year. The increase in fuel prices, according to Association President Victor Kalesha, will reduce the number of investors willing to invest in the mining sector because mining is a high-cost venture, and an increase in fuel prices will result in higher production costs. In an exclusive interview, Kalesha said that artisanal small-scale miners and other small-scale miners had hoped that the… Read More Here
1kg gold bar climbs to 63,812.04 USD on the international market as of April 20, 2022 6 Gold International 

1kg gold bar climbs to 63,812.04 USD on the international market as of April 20, 2022

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The price of gold on the international market continues to thwart the projections of experts in this field. Contrary to projections by the National Mercurial Commission of the Ministry of Foreign Trade of the DRC, the quotation of gold on the stock exchange as of April 20, 2022 stood at 63,812.04 USD for the gold bar of 1 kilogram on the international market. On the Antwerp Stock Exchange, the 1 kilogram gold bar trades at €59,000.00 or US$63,771.92. According to the release of the National Commission of Mercurials, for the… Read More Here
Musk appeals for more lithium production to meet battery demand 7 Battery Metals Lithium 

Musk appeals for more lithium production to meet battery demand

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Tesla Inc. Chief Executive Officer Elon Musk made a public appeal for more investment in lithium mining to close what he sees as a yawning gap between supply and demand that’s being fueled by the adoption of electric vehicles. Battery production, and more specifically lithium, is the “fundamental limiting factor” for electric-vehicle adoption worldwide, Musk said on an earnings call with investors Wednesday. “We think we’re going to need to help the industry on this front,” Musk said. “I’d certainly encourage entrepreneurs out there who are looking for opportunities to… Read More Here
Metso Outotec to deliver 100th Anode innovation 8 Equipment & Technology Mining technology 

Metso Outotec to deliver 100th Anode innovation

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Finland-based mining technology manufacturer Metso Outotec will deliver its 100th Anode Casting Shop to PT Smelting’s (PTS) copper smelter in Gresik, East Java, Indonesia. Sami Maaniittu, director of Anode Casting at Metso Outotec, described the Gresik project as a milestone and said the system to be delivered to PTS is one of the world’s largest Twin Wheel Anode Casting Shops with a guaranteed capacity of 120 tonnes per hour. “We started the development and testing of automatic anode casting already in 1969 in Harjavalta, Finland,” Maaniittu said. “Before that, castings were… Read More Here
Epiroc to accelerate DRC copper project 9 Mining in DRC Copper Equipment & Technology 

Epiroc to accelerate DRC copper project

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Sweden-based supplier Epiroc has won an order from Kamoa Copper for mining equipment that will be used at a large underground mine in the Democratic Republic of Congo (DRC). The company said Kamoa Copper had ordered Minetruck MT65 haulers, the world’s highest payload underground truck in the field, and Scooptram ST18 loaders and Boomer 282 face drilling rigs but did disclose the quantity. The machines will be used at the Kamoa-Kakula mine, where Epiroc will also provide on-site technical support and operator training. The mine is projected to become one of… Read More Here
President Cyril Ramaphosa to attend Mining Indaba 2022 10 Uncategorized 

President Cyril Ramaphosa to attend Mining Indaba 2022

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The President of South Africa, President Cyril Ramaphosa, is confirmed to attend the 2022 Investing in African Mining Indaba, taking place in Cape Town from 9 – 12 May 2022. The President will deliver a Keynote Address on Tuesday, 10 May. The President’s attendance, along with Minister of Mineral Resources and Energy Gwede Mantashe, signals the continued importance of mining to the South African economy as a cornerstone creator of value through investment, procurement, job creation and community investment, and its contribution to the fiscus. The industry more than proved… Read More Here

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