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Sandvik introduces larger, upgraded loader 1 Equipment & Technology International Mining technology 

Sandvik introduces larger, upgraded loader

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Sweden-based mine equipment provider Sandvik has introduced the seven-tonne Toro LH307 loader, which it says offers improved productivity and capacity for underground miners.  The company said the Toro LH307 features many design updates and new options for both hardware and software. It can carry more than the previous Sandvik LH307, which had a capacity of six tonnes. The vehicle also has an integrated weighing system (IWS) and traction control, which measures the payload when lifting the boom and the number of buckets lifted during a shift; the traction control system… Read More Here
A non-profit organization called "Corps des Mandataires en Mines et Carrières" is born in the DRC 2 Mining in DRC 

A non-profit organization called “Corps des Mandataires en Mines et Carrières” is born in the DRC

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They will now be mobilized within the non-profit association “Corps des Mandataires en Mines et Carrières” (CMMC). These are the Mining and Quarrying Agents of the Democratic Republic of Congo (DRC) who have decided to work together for the defense and promotion of their profession, which is sometimes harmed following certain practices within the mining administration. . Indeed, the official presentation of the Asbl “Corps des Mandataires en Mines et Carrières” took place on Tuesday, March 1, 2022, in the presence of the Minister of Mines, Antoinette N’Samba Kalambayi, at the… Read More Here
World: War in Ukraine,barrel of oil goes from 104 to 113.02 USD in one week on the international market 3 International Energy Oil & Gas 

World: War in Ukraine,barrel of oil goes from 104 to 113.02 USD in one week on the international market

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The consequences of Russian military operations in Ukraine are likely to be disastrous for the global economy. On the sixth day of the war in Ukraine, crude oil prices continued to soar on the international market. The West Texas Intermediate (WTI), also called Texas Light Sweet which is a variation of crude oil serving as a standard in the fixing of the price of crude and as a raw material for oil futures contracts with the Nymex (New York Mercantile Exchange ), the stock market specializing in energy, rose on… Read More Here
DRC: Call to strengthen the fight against child labor in mines 4 Mining in DRC 

DRC: Call to strengthen the fight against child labor in mines

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 US Department of Labor Undersecretary Thea Lee and her delegation are visiting Kinshasa . She met several government officials including the Ministers of Labour, Mines, Social Affairs, the Prime Minister and plans to meet President Tshisekedi to discuss, among other things, workers’ rights, responsible business practices and the Build Back Better World initiative. of President Biden.  Facing the press, Thea Lee explains in depth the reasons for her presence in the DRC. “My presence in Kinshasa is an opportunity to deepen relations between the DRC and the United States. It is a… Read More Here
More uranium is consumed than produced and higher prices are required to support new supply: GoviEx Uranium 5 Mining in Zambia Uranium 

More uranium is consumed than produced and higher prices are required to support new supply: GoviEx Uranium

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GoviEx Uranium has explained that every year, more uranium is consumed than produced, and higher incentive prices are required to support new supply GoviEx Uranium is the developer of Mutanda Uranium mining project has indicated that it plans to start actual uranium mining in Zambia in the next five years. In a statement, the Canada listed company stated that “the mine-permitted Mutanga project in Zambia is forecast to start production in 2027 and could be the lowest capital intensive uranium project in Africa.” In its annual statement to shareholders, GoviEx… Read More Here
Sercel deploys WiNG system at Zambian mine 6 Equipment & Technology Mining in Zambia 

Sercel deploys WiNG system at Zambian mine

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France-based exploration technology company Sercel has said its wireless WiNG land acquisition nodal system has been deployed to a mining exploration programme at the First Quantum Minerals-owned Kansanshi copper mine in Zambia. The company said a 30-kilometre WiNG node array was deployed to acquire passive seismic data over nine months at the mine and the adjacent Solwezi basement dome. It claimed the WiNG wireless nodal acquisition system has a “lightweight form factor and compact design,” which makes it simple to deploy compared to conventional seismometers. By using an ultrasensitive advanced… Read More Here
Gold price gains as investors weigh impact of Russia sanctions 7 Gold International 

Gold price gains as investors weigh impact of Russia sanctions

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Gold extended gains on Tuesday as investors continue to assess the risks to global growth that may stem from the sanctions against Russia in the wake of its invasion of Ukraine. Spot gold rose 1.0% to $1,927.76 per ounce by 11:30 a.m. ET, recovering from last week’s slight dip and reaching a new  15-Month high. US gold futures were up 1.5% to $1,930.40 per ounce in New York. Treasuries also climbed, and traders are abandoning bets on a half-point rate hike by the Federal Reserve this month amid concerns that an escalation of war… Read More Here
Glencore reviewing stakes in two Russian companies 8 Mining Companies International 

Glencore reviewing stakes in two Russian companies

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Glencore Plc, the world’s biggest commodity trader, followed some of the world’s largest companies in reviewing its business ties with Russia as the fallout from the invasion of Ukraine intensifies across global commodities markets.  While Glencore stopped short of exiting its investments, the company said it was reviewing its shareholdings in two of Russia’s biggest companies as well as its wider trading operations in the country. It’s a dramatic turn for a company that has long been comfortable operating in the most difficult jurisdictions and whose former chief executive officer… Read More Here
Copper price rises on Chile’s lean output 9 Copper International 

Copper price rises on Chile’s lean output

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The copper price rose on Tuesday after Chile, the biggest copper-producing country, recorded its lowest January output since 2011.   Production tumbled 15% last month from December and 7.5% from January 2021, the bureau of statistics reported Monday, without giving a clear reason for the drop. Copper for delivery in May rose on the Comex market in New York, touching $4.5850 per pound ($10,087 per tonne), up 2.9% compared to Monday’s closing. The conflict in Ukraine could also drive copper prices higher, according to an S&P Global report. Russia is a heavy… Read More Here
CNPAV welcomes govt's initiative and demands publication of elements contained in Dan Gertler agreement for more transparency 10 Mining in DRC Governance 

CNPAV welcomes govt’s initiative and demands publication of elements contained in Dan Gertler agreement for more transparency

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Civil society, through the Congo is not for sale (CNPAV) campaign, welcomes the start of the process of recovering the assets held “illegally and irregularly” by Dan Gertler, through a memorandum of understanding signed between the Congolese State and the Israeli businessman. On this, the CNPAV requires the publication of the elements contained in this agreement for more transparency.  During a press briefing held this Tuesday, March 1 in Kinshasa, the CNPAV provided an update on the memorandum of understanding signed between the DRC and the Israeli businessman, Dan Gertler. “We… Read More Here

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