admin - Copperbelt Katanga Mining

Written by admin

New Sandvik digital tools helping on-site mining equipment technicians tap into global expertise remotely

March 17, 2022March 17, 2022 admin

A new app is helping Sandvik field service engineers solve even the most complex problems, no matter where in the world they are. Technology is great, but at some point, a technician needs to do actual work on a machine. But what if technology and practicality could work together? That’s exactly what is happening at Sandvik, with a whole host of new digital tools now helping technicians do their jobs better and faster. Virtual reality training and digital inspections are good examples of ways to keep machines up and running… Read More Here

Equipment & Technology International

Metso Outotec reports 31% leap in orders

March 17, 2022March 17, 2022 admin

Finnish mining equipment maker Metso Outotec has cited strong demand for its products and services as driving a 31% increase in orders last year to a value of €5.4 billion (US$5.9 billion). The company said in its annual report for 2021 that the growth was led by an almost 50% rise in equipment orders across its main three segments – a 20% rise in mineral equipment sales to €3.1 billion, a 108% rise in metals to €919 million, and a 24% increase in aggregate orders to €1.3 billion. “We delivered… Read More Here

Equipment & Technology International Mining technology

Sandvik annual revenues jump 15%

March 17, 2022March 17, 2022 admin

Swedish engineering group Sandvik has reported a 15% increase in revenues, buoyed by a string of acquisitions. Among the 14 acquisitions are Australian mine planning software company Deswik, Ohio-based CAD software company Cambrio, Florida-based machine cutting company GWS Tool Group, Oregon-based industrial automation company DWFritz Automation, and China-based round tool company Chuzhou Yungpu Carbide Tools. Sandvik posted revenues of 99.11 billion Swedish crowns, or US$10.49 billion, up from SEK 86.41 billion in 2020. Order intakes amounted to SEK 108.89 billion in 2021, an increase from 2020’s SEK 86.29 billion in 2020.… Read More Here

Mining in DRC New Mining Projects

150 million USD needed for the relaunch of MIBA in the DRC

March 17, 2022March 20, 2022 admin

Formerly the flagship of the economy of the Democratic Republic of Congo, Minière de Bakwanga (MIBA) fell into a black hole several years ago. To allow this Congolese company to replay its former role, an investment of nearly 150 million US dollars is necessary. This need was expressed by the delegation of the Steering Committee and Reform of Public Enterprises (COPIREP), which stayed in Mbuji-Mayi, capital of Kasai Oriental since March 6 to inquire about the situation of this company. of the Congolese State Portfolio. Led by Alex Nkusu, Executive… Read More Here

Mining in DRC Cobalt

World: on the rise, Cobalt goes from 75,521.25 to 78,277.50 USD on the international market this week

March 17, 2022March 17, 2022 admin

The prices of the main mining products exported from the Democratic Republic of Congo (DRC) are showing an upward trend on the international market for the week from March 14 to 19, 2022. According to projections by experts from the National Commission for Mercurial Prices, a service attached to the Ministry of Foreign Trade, the tonne of Cobalt should register an increase of around 2,756.25 USD during the period under analysis. The ton of Cobalt is expected to fall from 75,521.25 USD last week to 78,277.50 USD per ton this… Read More Here

Copper International

Copper price rises on Peru supply disruption worries

March 17, 2022March 17, 2022 admin

The copper price rose on Wednesday as supply concerns resurfaced in Peru, the world’s second-biggest producer of the metal after neighboring Chile. Copper for delivery in May rose 2.6% from Monday’s settlement price, touching $4.633 per pound ($10,192 per tonne). Operations at Southern Copper’s Cuajone mine in Peru have been suspended for 15 days as locals continue to block the company’s access to a water reservoir and other key supplies. The blockade began on February 28, when Southern Copper made the decision to replace a 50-year-old water pipe that supplies nearby communities.… Read More Here

Equipment & Technology International Mining Equipment

Caterpillar autonomously hauls more than 1 billion tonnes of material with Cat Command for hauling in less than a year

March 17, 2022March 17, 2022 admin

For the first time in mining history, trucks equipped with Cat MineStar Command for hauling have autonomously moved more than 1 billion tonnes of material in less than a year. Roughly 1.2 billion tonnes (1.3 billion tons) were autonomously hauled in 2021 using Command for hauling. In total, Command for hauling trucks have autonomously and safely hauled more than 4 billion tonnes (4.4 billion tons) of material since 2013. To date, trucks equipped with Caterpillar’s autonomous haulage system (AHS) have traveled more than 147 million km (91.3 million mi) with… Read More Here

Gold International

Gold price bounces back after Fed’s rate hike announcement

March 17, 2022March 17, 2022 admin

Gold steadied on Wednesday after falling to a two-week low earlier as the US Federal Reserve, in a widely expected move, raised interest rates by a quarter of a percentage point. The reversal comes as bullion’s appeal was dimmed by hopes of progress in Russia-Ukraine talks. Earlier, Ukrainian President Volodymyr Zelensky said peace talks were sounding more realistic, even as Russia’s invasion continued. Spot gold rose 0.5% to $1,926.96 an ounce by 5:08 p.m. ET. US gold futures stayed level at $1,927.00 an ounce on the Comex in New York.… Read More Here

Mining in DRC Cobalt Copper

The need for a fair resolution to the conflict between the shareholders of Tenke Fungurume (Cobalt litigation)

March 17, 2022March 20, 2022 admin

Resources Matters advocates for a fair and transparent outcome to the conflict that has pitted Congo against one of its largest investors, China Molybdenum, for more than six months, over financial compensation for Tenke Fungurume Mining’s copper-cobalt reserves. Earlier last week, a Congolese court appointed an interim administrator to lead Tenke Fungurume Mining (TFM) for the next six months, according to The New York Times and court documents seen by Resource Matters. TFM is one of the largest mining projects in the Democratic Republic of Congo and the world’s second largest producer… Read More Here

Copper Cobalt Mining in DRC

Copper at more than 10,500 USD per ton during this week from March 14 to 19, 2022

March 17, 2022March 20, 2022 admin

The prices of the main export minerals of the DRC mainly show an upturn on the international market in the week from March 14 to 19, 2022, according to projections by experts from the National Mercurial Commission, a service attached to the Ministry of Foreign Trade in Democratic Republic of Congo. In this perspective, copper, the main export material of the DRC, is trading this week at 10,529 USD per ton against 9,957.40 USD ton last week, generating a positive price difference of 576 USD. Cobalt is also up this… Read More Here