You are here

Written by 

DRC: Alphamin Resources needs capital of USD 116 million to develop its Mpama Sud tin project 1 Mining in DRC Mining Companies Tin 

DRC: Alphamin Resources needs capital of USD 116 million to develop its Mpama Sud tin project

admin
According to the results of the preliminary economic assessment (PEA) of mining company Alphamin Resources’ Mpama Sud tin project in the Democratic Republic of Congo (DRC), the company will need at least US$116 million to develop this project. This was revealed by the mining company on Monday, March 7, 2022, when publishing the results of the PEA of the said project. The same results also indicated that the deposit hosts sufficient resources to support an annual contained tin production of 7,000 tonnes. Indeed, Alphamin already produces tin in the DRC… Read More Here
Russian gold hit with de facto ban from key London market 2 Gold International 

Russian gold hit with de facto ban from key London market

admin
London’s gold market suspended all Russian refineries from its accredited list, meaning their newly minted bars can no longer trade in one of the world’s most important bullion centers. The London Bullion Market Association suspended all six Russian gold and silver refineries from its Good Delivery List following sanctions imposed by the U.S., European Union and U.K. on the country, the LBMA said Monday. Existing bars produced by the refiners before their suspension will still be accepted.  The decision amounts to a de facto ban on new Russian gold bars… Read More Here
De Beers achieves solid revenues in second sales cycle of the year 4 Diamond 

De Beers achieves solid revenues in second sales cycle of the year

admin
Diamond miner De Beers has earned revenue of $650-million from its second sales cycle this year. This follows the $660-million in revenue earned in the first cycle of the year and is an improvement on the $550-million of revenue earned in the second sales cycle of 2021. De Beers says it continues to implement a flexible approach to its global sightholder sales and auctions owing to restrictions on the movement of people and products in various jurisdictions around the world. Commenting on demand, CEO Bruce Cleaver says the second sales cycle of… Read More Here
Caterpillar soars as investors hunt for hedges against inflation 5 Equipment & Technology International Mining technology 

Caterpillar soars as investors hunt for hedges against inflation

admin
Caterpillar Inc. shares are headed toward the biggest five-day gain since the pandemic as investors looking for a hedge against inflation flock to the mining- and construction-equipment maker. The company’s stock climbed as much as 6.5% on Tuesday, bringing its 5-day jump to more than 14%. If the gains hold through the close, it would be the largest such move since June 2020. The S&P 500 Index, meanwhile, has fallen 3.1% in the past five sessions.  “The Russia/Ukraine crisis has fundamentally altered global commodity markets and is likely to drive… Read More Here
Gold price approaching record high as Ukraine, inflation risks mount 6 Gold International 

Gold price approaching record high as Ukraine, inflation risks mount

admin
Gold extended its blistering rally on Tuesday towards an all-time high as investors made a beeline for the haven metal on mounting fears about the Ukraine crisis and rising inflation. Spot gold surged 3.5% to $2,068.07 an ounce by 12:10 p.m. ET, within touching distance of its peak of $2,072.50 set in August 2020. US gold futures also jumped 4.0% to $2,076.70 an ounce in New York. “The combination of roaring energy prices, grain prices, base metal prices is culminated in dramatic inflationary pressures that continue to be the major underlying support behind… Read More Here
Namibia’s new era of hydrocarbon exploration and production 7 Energy Oil & Gas 

Namibia’s new era of hydrocarbon exploration and production

admin
As Namibia’s second important discovery in recent weeks, Namibia’s oil and gas industry is set to create an influx of new investment, and local content opportunities for the country. The African Energy Chamber (EnergyChamber.org) sat with Ian Cloke, COO Afentra to discuss the enormous potential of what could engineer Namibia’s new era of hydrocarbon exploration and production for the country. How will Namibia’s growing oil and gas sector transform the country’s economy? Oil and gas development, depending on the scale, can lead to a transformation of a country’s economy; delivering high skilled… Read More Here
Metso Outotec launches battery metals AC filter 8 Equipment & Technology International Mining technology 

Metso Outotec launches battery metals AC filter

admin
Finnish mining equipment specialist Metso Outotec has released an Activated Carbon (AC) filter specifically designed for use with battery chemicals as part of a recycling process. Metso Outotec said the AC filter was designed in response to the market’s increasing demand for battery metals processing technologies. The filter is used with smaller side streams of copper and other metal-loaded aqueous streams, and is specifically suited for efficient organics removal before the electrowinning and crystallization processes. The AC filter utilizes the design of the Metso Outotec DM filter product family, noted… Read More Here
55% dependent on Russian gas, Germany opposes the ban on imports of gas, oil and coal from Putin's country 9 Coal International Oil & Gas 

55% dependent on Russian gas, Germany opposes the ban on imports of gas, oil and coal from Putin’s country

admin
The Federal Republic of Germany opposes the ban on imports of gas, oil and coal from Russia. It was the German Ministers of Finance and Foreign Affairs who expressed this position of the German Government in response to European sanctions against Russia. For Germany, the ban on importing gas, oil and coal from Russia would threaten the social peace of the country. “We must be able to hold the sanctions over time,” explained the Head of German diplomacy, Annalena Baerbock, to the ARD channel. And to add: “It is useless… Read More Here
DRC: African Energy Metals lands major interests following an agreement reached with WCM in a mining project in Manono 10 Mining in DRC Cobalt Mining Companies 

DRC: African Energy Metals lands major interests following an agreement reached with WCM in a mining project in Manono

admin
The mining junior African Energy Metals, a company based in Vancouver and listed on the TSXV in Canada, announced that it had reached an agreement with Whiskey Cobalt Mining (WCM) which sells to it, subject to positive due diligence and obtaining regulatory approvals, its interests in a mining concession located in Manono, province of Tanganyka in the DRC. According to inside sources, the transaction in question gives African Energy Metals the possibility of creating a 50-50 joint venture with the local company Liberty Mining and Investments Sarl. In return, it will… Read More Here

You have successfully subscribed to the newsletter

There was an error while trying to send your request. Please try again.

Copperbelt Katanga Mining will use the information you provide on this form to be in touch with you and to provide updates and marketing.