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DRC: oil companies offer government strategies to avoid fuel shortages 1 Mining in DRC Oil & Gas 

DRC: oil companies offer government strategies to avoid fuel shortages

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The Prime Minister, Jean-Michel Sama Lukonde, gathered around him, on Wednesday April 6 at the Hôtel du Gouvernement, the oil operators working in the DRC, the Minister of Hydrocarbons, the Minister of Communication and Media and all the other Ministers who are members of the Government’s ECOFIN commission, to examine the issue of fuel supply with a fine-toothed comb at this time when international trade is disrupted following the Russo-Ukrainian conflict. According to the Minister of Communication and Media, the Government of the Republic has taken the fuel issue head… Read More Here
Liebherr and BHP strike engine integration deal 2 Equipment & Technology Mining technology 

Liebherr and BHP strike engine integration deal

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Germany-based equipment manufacturer Liebherr has signed an agreement with Australian miner BHP to integrate its engines into BHP’s existing R 9600 600-tonne excavator fleet at the South Flank mine in Western Australia. The integration follows intensive factor and field validations on the D98 engine series, which includes a two-year validation study at BHP’s Jimblebar mine. Liebherr said the D98 series completes the existing Liebherr engine portfolio for mining equipment by expanding into the upper power range. The company noted that the D98 series engine offers low fuel consumption and consequence… Read More Here
Gold price seesaws ahead of Fed meeting minutes release 3 Gold International 

Gold price seesaws ahead of Fed meeting minutes release

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Gold prices seesawed in a narrow range on Wednesday with concerns over high inflation amid mounting sanctions on Russia buoying prices, though its gains are countered by expectations of an aggressive interest rate hike by the US Federal Reserve. Spot gold lowered by 0.1% to $1,920.87 per ounce by 1:50 p.m. ET. US gold futures were down the same percentage point, trading at $1,925.20 an ounce. “Inflation fears and the inflation data we’ve been seeing is what’s keeping gold up,” said RJO Futures senior market strategist Bob Haberkorn,  in a… Read More Here
British firm plans to invest $100 million in Zambia mine expansion 4 Mining in Zambia Copper Mining Companies 

British firm plans to invest $100 million in Zambia mine expansion

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Britain’s Moxico Resources plans to invest $100 million to expand its majority-owned Mimbula copper mine in Zambia, UK Minister for Africa Vicky Ford said on Wednesday. The investment will create new jobs and increased tax revenues for Zambia’s government, Ford said in a statement released by the British High Commission in Zambia while she was on a visit to the country. Ford was visiting Zambia to launch a new investment model, which she said marked a key moment for Britain’s financing of private sector growth and infrastructure across Africa. “We are committed… Read More Here
Alphamin's shares rise on expected increase in first-quarter Ebitda 5 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 6 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 7 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 8 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 9 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 10 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

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