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Alphamin's shares rise on expected increase in first-quarter Ebitda 1 Mining in DRC Tin 

Alphamin’s shares rise on expected increase in first-quarter Ebitda

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Tin miner Alphamin Resources’ share price on the JSE rose by more than 9% on April 5 after the company announced that it expected to report record earnings before interest, taxes, depreciation and amortisation (Ebitda) of $98-million for the quarter ended March 31 – a 32% quarter-on-quarter improvement. Contained tin production of 3 061 t was in line with the previous quarter. Underground mining continued to deliver steady results and processing plant recoveries increased to 78% from 75% in the prior quarter. Contained tin sales increased by 9% quarter-on-quarter to 3 336 t at an… Read More Here
Sandvik introduces short-term rental service in USA 2 Equipment & Technology International 

Sandvik introduces short-term rental service in USA

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Sandvik Mining and Rock Solutions has announced it is entering the US market with a structured rental offering that, it says, meets the needs of customers that are looking for short term, off-balance sheet solutions to fill production gaps or expand their operations, but at minimal risk. Building on the success and learnings of its short-term rental service in Europe, Sandvik’s new US offering sees machines rented from as little as just one month. Working in partnership with its dealer network – who tend to favour longer-term rentals – Sandvik is… Read More Here
Epiroc adds third automated loader to LKAB’s fleet in Kiruna mine 3 Equipment & Technology Mining technology 

Epiroc adds third automated loader to LKAB’s fleet in Kiruna mine

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Thanks to strong results and outstanding support, LKAB says it is investing in another Scooptram ST18 from Epiroc. The order means that LKAB will have three Epiroc loaders working in the Kiruna mine where they run autonomously approximately 90% of the time. “We have a strong collaboration with Epiroc and are very pleased to see that our development curve points strongly upwards thanks to the automated fleet of loaders,” said Magnus Lindgren, Production Manager at LKAB’s Control Central in the Kiruna mine in northern Sweden. LKAB is Europe’s largest iron-ore… Read More Here
Zimbabwe mines see $10bn funding shortfall over five years 4 Uncategorized 

Zimbabwe mines see $10bn funding shortfall over five years

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Zimbabwe’s mining industry sees a funding shortfall of $10-billion over the next five years, a challenge compounded by erratic power supplies and exchange-rate volatility. While Zimbabwe has the world’s third-biggest reserves of platinum-group metals, plus gold, diamond and chrome mines, development has been stymied by political instability, economic collapse and rules that deter foreign investment. While mining is projected to generate earnings of $5.5-billion this year, it faces a number of headwinds, the country’s Chamber of Mines said in its latest commodity outlook report. Last year, the Zimbabwe announced rules… Read More Here
Zambia’s copper potential coming to fore again as Castillo survey shows upside 5 Copper Mining in Zambia 

Zambia’s copper potential coming to fore again as Castillo survey shows upside

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London- and Sydney-listed base metal explorer Castillo Copper has identified multiple copper-potential drill-testing targets at its Mkushi project in Zambia, Africa’s second-largest copper producer. Castillo stated in a release to Mining Weekly on Tuesday that the formulation of a drilling campaign would be the next step towards further developing Mkushi, one of Castillo’s four projects that cover about 1 100 km2 in Zambia’s renowned copperbelt. The other three are Luanshya, Lumwana North and South and Mwansa. With multiple primary test-drilling targets having boosted the exploration potential of Mkushi and Luanshya materially, the Castillo… Read More Here
World: up this week, the tonne of cobalt goes from 81,619.00 USD to 82,067.00 USD 6 Cobalt Mining in DRC 

World: up this week, the tonne of cobalt goes from 81,619.00 USD to 82,067.00 USD

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The general trend in the prices of mining products exported from the Democratic Republic of Congo (DRC) on the international market is upward during the week from April 4 to 9, 2022. This is what the experts of the National Commission of Mercurial Prices of the Ministry of Foreign Trade have informed, who assess the evolution of the prices of mining and agricultural products exported from the DRC. In a very good dynamic for several months already, cobalt should record a price increase on the international market this week. This product… Read More Here
Liebherr revenue grows despite challenging 2021 7 Equipment & Technology Mining technology 

Liebherr revenue grows despite challenging 2021

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Switzerland-based equipment manager Liebherr has recorded a 12% increase in turnover for 2021, increasing by EUR 1.3 billion to EUR 11.64 billion. Despite supply chain challenges, the group grew in 11 of its 13 product segments, and in nearly all its sales regions. Net profit amounted to EUR 545 million. Total revenues grew by 3.9% to EUR 3.64 billion, Liebherr said. Significant increases in the earthmoving, material handling technology, deep foundation machines, mobile and crawler cranes, tower cranes, concrete technology and mining product segments were 17% higher than in 2020,… Read More Here
Copper price up despite China demand concerns 8 Copper International 

Copper price up despite China demand concerns

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The copper price rose on Monday despite lingering demand concerns in top consumer China. Copper for delivery in May rose 2.3% from Friday’s settlement price, touching $4.790 per pound ($10,538 per tonne). Trading was sluggish as Chinese financial markets were closed for a public holiday, but traders kept a wary eye on the country’s covid-19 lockdowns and their impact on economic output and overall demand. “The lockdown in China “has already led to a slowdown in the domestic movement of base metals, (and) as a result, production cuts at metal… Read More Here
Gold price advances on rising Russia-Ukraine tensions 9 International Gold 

Gold price advances on rising Russia-Ukraine tensions

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Gold rose on Monday as the prospect of further sanctions on Russia over its invasion of Ukraine bolstered the metal’s safe-haven appeal, though a stronger dollar and rising US bond yields capped bullion’s gains. Spot gold was up 1.2% to $1,933.33 per ounce by 12:15 p.m. ET, while US gold futures advanced 0.7% to $1,936.90 in New York. Global outrage spread on Monday over the killings of civilians in northern Ukraine and looked set to galvanize the West into leveling additional sanctions against Moscow, which could possibly include Russia’s energy… Read More Here
Gemfields achieves record revenue for sold out March/April auction 10 Emeralds Mining in Zambia 

Gemfields achieves record revenue for sold out March/April auction

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Gemfields recorded a record $42.3-million in revenue from the sale of emeralds sourced from its Zambia-based Kagem mine, at auctions of 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 generated $792-million in revenue. Gemfields notes that the proceeds of… Read More Here

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