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De Beers achieves solid revenues in second sales cycle of the year 1 Diamond 

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

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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 2 Equipment & Technology International Mining technology 

Caterpillar soars as investors hunt for hedges against inflation

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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 3 Gold International 

Gold price approaching record high as Ukraine, inflation risks mount

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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 4 Energy Oil & Gas 

Namibia’s new era of hydrocarbon exploration and production

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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 5 Equipment & Technology International Mining technology 

Metso Outotec launches battery metals AC filter

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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 6 Coal International Oil & Gas 

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

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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 7 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

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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
Jubilee settles all historical debt, positioned to pursue Zambia strategy fully 8 Mining in Zambia Copper 

Jubilee settles all historical debt, positioned to pursue Zambia strategy fully

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Aim- and AltX-listed metals processing company Jubilee Metals has received notice from ACAM to convert its remaining convertible loan notes, totalling $7.8-million (£5.89-million) of principal debt and accrued interest, into new ordinary shares in the company. The ACAM convertible loan note formed a key part in the funding of the acquisition and successful recapitalisation of Jubilee’s Sable Refinery, which launched Jubilee’s Zambian copper strategy, the company highlights. This not only makes ACAM a strategic shareholder with a keen interest to further support Jubilee’s copper ambitions, but also eliminates Jubilee’s external… Read More Here
World: 1447.5 USD to pay more for a ton of Tin this week 9 International Tin 

World: 1447.5 USD to pay more for a ton of Tin this week

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The price per tonne of Tin should experience a significant increase on the international market during the second week of March 2022. In its report for the week from March 7 to 12, 2022, the National Mercurial Commission of the Ministry of Foreign Trade informs that most of the mining products exported from the Democratic Republic of Congo should register a price increase on the international market. According to this document, Tin is expected to fall from 44,279.50 USD per ton last week to trade at 45,727.00 USD per ton… Read More Here
DRC: PABEA-Cobalt identifies 14,850 children and 6,250 young people in mining areas in Haut-Katanga and Lualaba 10 Mining in DRC Cobalt 

DRC: PABEA-Cobalt identifies 14,850 children and 6,250 young people in mining areas in Haut-Katanga and Lualaba

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About 14,850 children (girls and boys) and their parents as well as 6,250 young people are involved in the Cobalt supply chain in the provinces of Lualaba and Haut-Katanga. These figures are revealed by the Congolese Government through the Support Project for the Alternative Welfare of Children and Youth Involved in the Cobalt Supply Chain (PABEA-Cobalt). This, after an identification mission carried out on the ground in the two provinces. Funded by the African Development Bank Group (AfDB) aims to achieve zero children in artisanal cobalt mines and mining sites. According… Read More Here

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