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Financing of Electric Battery Project -DRC 1 Battery Metals Cobalt Lithium Mining in DRC 

Financing of Electric Battery Project -DRC

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Antoinette N’SAMBA KALAMBAYI is expected today Wednesday in Haut Katanga. The Head of State will launch the Center of Excellence specialized in training and research in battery chemistry and technology. Indeed, the Democratic Republic of Congo (DRC) aims to become a world leader in the production of electric car batteries, this is what emerged from the statement made by Congolese officials at the opening of the “DRC AFRICA BUSINESS FORUM ” forum organized last year in Kinshasa. The Congolese authorities have, on occasion, highlighted the large deposits of lithium and… Read More Here
Namibian cuprous oxide gemstone could hold key to quantum computers 2 Gemstones 

Namibian cuprous oxide gemstone could hold key to quantum computers

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New research led by the UK’s University of St Andrews found that a special form of light made using an ancient Namibian gemstone could be the key to new light-based quantum computers, which could solve long-held scientific mysteries. In detail, the study found that using a naturally mined cuprous oxide (Cu2O) gemstone from Namibia it is possible to produce Rydberg polaritons, the largest hybrid particles of light and matter ever created. Rydberg polaritons switch continually from light to matter and back again. In Rydberg polaritons, light and matter are like two… Read More Here
The price of gold is close to 2000 USD per ounce on the international market 3 Gold International 

The price of gold is close to 2000 USD per ounce on the international market

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The price of gold hit a five-week high on Monday as war in Europe, high inflation and the risk of a recession in the United States further bolstered demand for the safe-haven asset. Spot gold rose 0.7% to $1,988.15 an ounce at noon ET, closing in on the $2,000 level last seen in early March. US gold futures rose 0.8% to trade at $1,991.00 an ounce in New York. After capping a second weekly gain, bullion soared as high as 1% earlier in the day on higher oil and natural gas… Read More Here
World: the ton of cobalt registers a negative price difference of -20 USD this week 4 Cobalt Mining in DRC 

World: the ton of cobalt registers a negative price difference of -20 USD this week

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The general price trend for mining products exported from the Democratic Republic of Congo (DRC) on the international market is upward for the period from April 18 to 23, 2022. On the other hand, two main mining products exported from the DRC, namely cobalt and copper, recorded a slight drop in price during this period, informs the National Commission of Mercurial Prices of the Ministry of Foreign Trade, which monitors the evolution of the prices of these products. According to this document, a ton of cobalt is expected to trade… Read More Here
Epiroc to supply large order of battery-electric mining equipment to Assmang 5 Equipment & Technology International Mining technology 

Epiroc to supply large order of battery-electric mining equipment to Assmang

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Epiroc says a large fleet of battery-electric mining equipment will be deployed at Assmang Proprietary Ltd’s Black Rock underground manganese mine in the Northern Cape of South Africa after the two companies signed an agreement. Assmang has ordered several of Epiroc’s battery loaders and mine trucks – the Scooptram ST14 Battery and Minetruck MT42 Battery, respectively – for the deployment. The order was booked in the March quarter of 2022 and is valued at SEK120 million ($12.5 million). The order extends Assmang’s and Epiroc’s collaboration to use state-of-the-art solutions for… Read More Here
DRC: civil society organizations reveal the content of the memorandum of understanding between the Congolese State and the Israeli businessman Dan Gertler 6 Mining in DRC 

DRC: civil society organizations reveal the content of the memorandum of understanding between the Congolese State and the Israeli businessman Dan Gertler

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Civil  society organizations unveiled, this Saturday, April 16, the content of the historic memorandum of understanding between the Congolese State and the Israeli businessman Dan Gertler, after having taken part in the work of the Round Table of 13 to April 14, 2022 organized by the Presidency of the Republic at the Pullman Hotel in Kinshasa on the return of mining and oil assets by the Ventora Group to the DRC.  These NGOs which encourage the openness of the Presidency of the Republic to communicate on the Amicable Settlement Agreement with… Read More Here
Copper price rises despite covid-19 worries in China 7 Copper International 

Copper price rises despite covid-19 worries in China

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The copper price rose on Monday despite China’s spreading lockdowns. The country has so far decided to stick with its Covid Zero policy, despite growing evidence that it’s threatening economic growth.   A copper fabricator in Henan that produces pipes and parts used in household appliances and medical devices said its sales were down 20% to 30% in tonnage terms in the first half of April from a year earlier. Many customers are at a standstill due to restrictions, said an official at the company, who asked not to be identified because of… Read More Here
World: the 1 kg gold bar climbs to €58,790.00 on the international market 8 Gold International Mining in DRC 

World: the 1 kg gold bar climbs to €58,790.00 on the international market

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Contrary to the projections of the National Commission for Market Prices of the Ministry of Foreign Trade of the Democratic Republic of Congo (DRC), the price and quotation of gold on the stock exchange on April 13, 2022 stood at EUR 58,790.00 for the 1 kilogram gold bar or 64,160.88 USD on the international market against nearly 56,200.00 euros last week. Gold thus recorded a price increase on the international metals market of around EUR 2,590 during the period mentioned. According to the release of the National Commission of Mercurials,… Read More Here
DRC: relaunch of Miba production, agents and workers must contribute (Management) 9 Mining in DRC Mining Companies 

DRC: relaunch of Miba production, agents and workers must contribute (Management)

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The Management of the Bakwanga Mining Company (Miba) aims to increase the production of this state company. For the Management Committee, this result cannot be achieved without Miba agents and workers getting back to work effectively. This is the meaning of the appeal that MIBA Management launched on Tuesday, April 12, 2022, to its staff during a meeting at the Miba circle in Mbuji-Mayi, capital of the province. of Kasai Oriental. “We have no room for error to experience failures. We have to maintain the production tool”, noted the interim Managing… Read More Here
DRC: clashes for control of mining sites, 14 dead (local sources) 10 Mining in DRC 

DRC: clashes for control of mining sites, 14 dead (local sources)

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A dispute over power and control of mining areas between antagonistic community militias in Maniema, a province in eastern Democratic Republic of Congo, has left at least 14 people dead in recent fighting, we learned on Wednesday from local sources. These fights opposed elements of two Mai-Mai armed groups (term designating self-defense militias of a community nature), one commanded by a certain Hercules, the other led by a man calling himself Mitterrand, specified to AFP Modeste Ngimbi, administrator of the territory of Kabambare (adjoining South Kivu), interviewed from Bukavu. “The… Read More Here

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