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Glencore to supply cobalt to GM in multi-year deal 1 Cobalt International 

Glencore to supply cobalt to GM in multi-year deal

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Miner and commodities trader Glencore (LON: GLEN) has inked a multi-year agreement with General Motors (NYSE: GM) to provide the automaker with cobalt from its Murrin Murrin operation in Australia. The US car producer has committed to making all-electric vehicles by the end of the decade, setting the goal of having 30 new EVs models, equivalent to 1 million electric cars, in the market by 2025. “Climate change is real, and we want to be part of the solution by putting everyone in an electric vehicle,” chair and chief executive officer Mary Barra said… Read More Here
Metso Outotec to develop electric Lokotrack range 2 Equipment & Technology Mining technology 

Metso Outotec to develop electric Lokotrack range

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Finnish mining equipment maker Metso Outotec plans to develop a range of track-mounted crushers and screens under the existing Lokotrack name that will feature electric drives. The electric Lokotrack range will be built on a platform that Metso Outotec has been developing since 2020, with a total R&D investment of €20 million (US$21.7 million), said the company. Metso Outotec is currently entering the design phase of the first new products as the platform concept has now been developed, it said. “The next generation Lokotrack range will address the needs of… Read More Here
Tesla may start mining lithium as Musk cites battery metal cost 3 Battery Metals International Lithium 

Tesla may start mining lithium as Musk cites battery metal cost

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Nearly two years after Tesla Inc. outlined a plan to dig for lithium, its chief Elon Musk signaled that the electric car giant might start doing so, due to skyrocketing cost of the metal key to battery technology. Price of lithium has gone to insane levels! Tesla might actually have to get into the mining & refining directly at scale, unless costs improve. There is no shortage of the element itself, as lithium is almost everywhere on Earth, but pace of extraction/refinement is slow.— Elon Musk (@elonmusk) April 8, 2022 Lithium has joined… Read More Here
Caledonia sets new production benchmark, suffers fatality in first quarter 4 Gold 

Caledonia sets new production benchmark, suffers fatality in first quarter

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Caledonia Mining’s Blanket mine, in Zimbabwe, produced 18 515 oz in the first quarter of this year – a record for any first quarter and up 40% from the 13 197 oz produced in the first quarter of 2021. For the full-year, the miner expects to produce between 73 000 oz and 80 000 oz of gold. CEO Steve Curtis says the 18 515 oz is ahead of Caledonia’s expectations and reflects the increased capacity at Central Shaft. “The ramp-up in production towards our quarterly target of 20 000 oz means that we are… Read More Here
Epiroc, SSAB to build carbon-free value chain 5 Equipment & Technology International Mining technology 

Epiroc, SSAB to build carbon-free value chain

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Sweden-based mining equipment manufacturer Epiroc has launched a partnership with steelmaker SSAB to secure fossil-free steel for use in its mining equipment as part of a broader push to cut carbon emissions. SSAB is working to deliver fossil-free steel to the market at a commercial scale in 2026. It delivered the first steel made of hydrogen-reduced iron in 2021. The company works with iron producer LKAB and energy company Vattenfall as part of the HYBRIT initiative to develop a value chain for fossil-free iron and steel production, replacing coking coal… Read More Here
World: down, the price of cobalt drops to 81,579.00 USD per ton this week 6 Mining in DRC Cobalt 

World: down, the price of cobalt drops to 81,579.00 USD per ton this week

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The general trend of mining products exported from the Democratic Republic of Congo (DRC) is bearish on the international market for the week from April 11 to 16, 2022. This is reported in the press release from the National Commission of Mercurial Prices of the Ministry of Foreign Trade, which assesses weekly the evolution of the prices of mining and agricultural products exported from the DRC. According to this press release, cobalt is expected to fall in the market to trade at 81,579.00 USD per ton this week against 82,067.00… Read More Here
Market: copper down slightly but its price remains very profitable at 10,331 USD per ton 7 Copper Cobalt Mining in DRC Zinc 

Market: copper down slightly but its price remains very profitable at 10,331 USD per ton

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The DRC’s mining export products continue to record an upturn in prices on the international market in this week from April 11 to 16, 2022, inform the projections of the National Commission of Mercurial Prices of the Ministry of Foreign Trade. Although showing a slight drop of barely 1 US dollar, copper remains very profitable on the market. It is trading at 10,331.95 USD per ton this week against 10,332.95 USD per ton last week. Cobalt also experienced a drop this week and sold at 81,579.00 USD per ton against 82,067.00… Read More Here
𝐌𝐈𝐍𝐈𝐍𝐆 𝐂𝐎𝐌𝐌𝐄𝐍𝐂𝐄𝐒 𝐀𝐓 𝐌𝐎𝐓𝐇𝐄𝐎 𝐂𝐎𝐏𝐏𝐄𝐑 𝐌𝐈𝐍𝐄 𝐈𝐍 𝐆𝐇𝐀𝐍𝐙𝐈 8 Copper Equipment & Technology 

𝐌𝐈𝐍𝐈𝐍𝐆 𝐂𝐎𝐌𝐌𝐄𝐍𝐂𝐄𝐒 𝐀𝐓 𝐌𝐎𝐓𝐇𝐄𝐎 𝐂𝐎𝐏𝐏𝐄𝐑 𝐌𝐈𝐍𝐄 𝐈𝐍 𝐆𝐇𝐀𝐍𝐙𝐈

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This morning Sandfire Resources provided a pictorial update of progress at its Motheo Copper Mine in Ghanzi. First pre-strip material has been mined at the T3 Open Pit deposit, approximately one week ahead of schedule against the project execution plan. The start of open pit mining by Sandfire’s contracting partner, African Mining Services (AMS), a division of Perenti Global Limited (ASX: PRN), marks another important milestone towards the start of copperproduction mid 2023. AMS and their Equipment Partners, Caterpillar, Hitachi and Sandvik have commenced mining ahead of schedule having successfully… Read More Here
World: the main mining products exported from the DRC are on the rise 9 Mining in DRC Cobalt Copper 

World: the main mining products exported from the DRC are on the rise

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The price of the main mining products exported from the Democratic Republic of Congo on the international market remains at a very significant remunerative level, indicates the Central Bank of Congo (BCC) in its weekly information note. According to the Central Bank of the Democratic Republic of Congo, this increase in the price of mining products is due to a high level of world demand, but above all to the impact of the Russian-Ukrainian conflict. Holding more than 50% of the world’s cobalt reserves, the price of which continues to… Read More Here
Goldman Sachs sees new all-time high for copper price by mid-year 10 Copper International 

Goldman Sachs sees new all-time high for copper price by mid-year

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After a brief but glorious spike above $5 a pound, or $11,000 a ton a month ago, copper prices have retreated, with New York futures trading either side of the bar of 4.70 dollars per pound (10,362 dollars per ton). The intraday record set on March 7 came on the heels of historically low global inventories of the flagship metal and in a research report on Thursday, Goldman Sachs said copper was “sleepwalking towards a stock-out”. This isn’t the first such warning from Goldman, which is the most bullish investment… Read More Here

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