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2022 MMG First Quarter Production Result

April 20, 2022April 20, 2022 admin

MMG Limited (MMG) today released its production result for the first quarter of 2022, delivering 79,058 tonnes of copper and 49,736 tonnes of zinc in the three months to 31 March 2022. MMG Interim CEO, Liangang Li said the Company delivered solid production in the first quarter while working to overcome workforce availability in Australia as a result of COVID-19 restrictions. “Copper production in the first quarter was 2% above the prior corresponding period on the back of higher mill throughput and recovery rates at Las Bambas. Zinc production was… Read More Here

Gemstones Emeralds Mining in Zambia

Gemfields achieves record revenue for sold out March/April auction

April 20, 2022April 25, 2022 admin

Gemfields recorded a record $42.3-million in revenue from the sale of emeralds sourced from its Kagem mine in Lufwanyama. This was at auctions of its predominantly commercial-quality rough emeralds held in Jaipur, India, from March 15 to April 1. Of the 32 lots offered – 4.52-million carats in total – all were 100% sold out. Fifty-six companies placed bids and an average price of $9.37/ct was achieved – another record for Kagem’s commercial-quality auctions. Forty such auctions of Kagem-sourced gemstones (emeralds and beryl) hosted by Gemfields since July 2009 have… Read More Here

Mining in DRC Events & Expos

Benoît Pierre Laramée, bearer of an invitation to Mines Minister for participation in the Mining Africa forum in Canada

April 20, 2022April 20, 2022 admin

The National Minister in charge of Mines, Antoinette N’SAMBA KALAMBAYI met in the morning of Tuesday, April 19, 2022, with the Ambassador of Canada accredited to the DRC, Benoît Pierre Laramée in his office in Gombe. For the Canadian diplomat, this meeting allowed him to officially present to the Minister the invitation for a speech at the mining forum to be held in Toronto (Canada) in June. At the end of this audience, Benoît Pierre Laramée had words just to enlighten the knights of the pen. “As you know, Canada… Read More Here

Equipment & Technology Mining technology

TORO™ LH514BE underground loaders and trucks electric.

April 20, 2022April 20, 2022 admin

Toro™ LH514BE is a cable-electric loader, now upgraded with cutting-edge battery technology. During normal operation, it works like a traditional cable-powered loader, while also benefitting from a boost that the battery brings. When the loader needs to be moved to another location, the cable can disconnect from the power grid and use battery power only to drive to its new location or to the maintenance bay. Along with not needing a vehicle to tow the loader to a different area, there is no need for refueling or recharging stations because… Read More Here

Gold International

Gold price drops as stronger dollar, yields weigh on safe havens

April 20, 2022April 20, 2022 admin

Gold prices fell over 1% on Tuesday as a stronger US dollar and rising Treasury yields overshadowed inflows into the safe-haven metal. Spot gold dropped 1.1% to $1,957.20 per ounce by 12:45 p.m. ET, erasing its gains from the previous session. US gold futures took a 1.4% hit, trading at $1,959.30 per ounce in New York. Meanwhile, the dollar index scaled an over two-year peak, making gold more expensive for overseas buyers. Elevated US Treasury yields amid expectations that the Federal Reserve will tighten its monetary policy also hampered the non-yielding bullion.… Read More Here

International Mining in DRC Tin

Alphamin kicks off potential sale as tin prices surge

April 20, 2022April 20, 2022 admin

Alphamin Resources Corp., one of the world’s largest tin miners, has kicked off a potential sale of the company as prices of the metal surge, people with knowledge of the matter said. Canadian-listed Alphamin, which is working with boutique advisory firm Cutfield Freeman & Co., has sent out marketing materials to prospective bidders, the people said. It has asked for initial offers by the end of the month, according to the people, who asked not to be identified because the information is private. Alphamin jumped 16% to C$1.30 a share… Read More Here

International Tin

World: up, the ton of tin goes from 43,375.00 USD to 44,448.00 USD this week

April 20, 2022April 20, 2022 admin

According to projections by experts from the National Commission for Mercurial Prices of the Ministry of Foreign Trade, the price of tin should experience a significant increase on the international market for the period from April 18 to 23, 2022. According to this table of prices of mining export products from the Democratic Republic of Congo (DRC) the ton of tin should trade at 44,448.00 USD this week against 43,375.00 USD the same quantity the week last. Tin thus records a positive price margin of around 1,073 USD during this… Read More Here

Battery Metals Cobalt Lithium Mining in DRC

Financing of Electric Battery Project -DRC

April 20, 2022April 21, 2022 admin

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

Gemstones

Namibian cuprous oxide gemstone could hold key to quantum computers

April 19, 2022April 19, 2022 admin

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

Gold International

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

April 19, 2022April 19, 2022 admin

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