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Gold price gains as investors weigh impact of Russia sanctions 1 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 2 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 3 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 4 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
DRC: a delegation from Biden administration at Sama Lukonde to talk about the fight against child labor in the mining sector 5 Mining in DRC 

DRC: a delegation from Biden administration at Sama Lukonde to talk about the fight against child labor in the mining sector

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The Prime Minister, Jean-Michel Sama Lukonde Kyenge, received, this Tuesday, March 1, 2022 at the Primature, a delegation from the International Office of Labor Affairs of the United States of America, led by Ambassador Mike Hammer.  Important issues related to labor law and more particularly to the fight against child labor in mines were discussed, told the press Ms. Thea Mei Lee, Deputy Under Secretary of the International Bureau of Labor Affairs. of the United States of America. “I am very happy to be here in the Democratic Republic of… Read More Here
Hichilema, Masisi to attend Mining Indaba 2022 6 Events & Expos Mining in Zambia 

Hichilema, Masisi to attend Mining Indaba 2022

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Zambia President Hakainde Hichilema and Botswana President Dr Mokgweetsi Eric Keabetswe Masisi have confirmed their attendance at the Investing in African Mining Indaba, which will be held in Cape Town from May 9 to 12. Hichilema has pledged to foster a better democracy through respect for the rule of law, restoring order and protecting human rights. He also hopes to restore confidence in the country as a mining investment destination. Zambia’s mining investment climate deteriorated in recent years as the previous administration pursued resource nationalism, leading to damaged relationships with investors and lower levels of investment. According to the Zambia Extractive Industries Transparency… Read More Here
Mobility to be first use of green hydrogen in African mines 7 Equipment & Technology 

Mobility to be first use of green hydrogen in African mines

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Mobility and heavy-duty vehicles are the first to use green hydrogen on mines and this is expected to be the area of first broad-scale application, including for rail, aviation and shipping fuels, a panel of specialists said during the ‘Why green hydrogen for African mines’ session of the Energy and Mining Summit on February 23. Department of Science and Innovation (DSI) Hydrogen South Africa Infrastructure national centre of competence director Professor Dmitri Bessarabov noted that about half of global greenhouse-gas emissions were produced owing to the activities of about 50 large companies, which include mining and heavy-duty companies, and were mainly the result of heavy-duty transport, energy-intensive processes or energy companies. “It makes… Read More Here
Prospect attributes Zimbabwe lithium exploration success to Mnangagwa’s governance 8 International Lithium 

Prospect attributes Zimbabwe lithium exploration success to Mnangagwa’s governance

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ASX-listed battery metals project developer Prospect Resources attributes its current success, especially in Zimbabwe, to a “resurgence” of that country’s governance and “open for business” mining sector, says MD Sam Hosack. In Zimbabwe, Prospect – through its 100%-owned subsidiary Prospect Lithium Zimbabwe – has developed its Arcadia lithium project, which is an openpit mine with a life of 15.5 years, with proven reserves of 11.3-million tonnes at an average grade of 1.28% lithium oxide and probable reserves of 26.1-million tonnes at 1.2% lithium oxide. Arcadia is an undeveloped mine for which Prospect has a mining resource, comprising predominantly battery minerals –… Read More Here
Tharisa, Liebherr start testing of more efficient mining machines in pursuit of ESG goals 9 Equipment & Technology Environment Social Governance (ESG) International 

Tharisa, Liebherr start testing of more efficient mining machines in pursuit of ESG goals

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Dual-listed Tharisa announces that three Liebherr mining machines with more efficient engines and fuel systems have been delivered to the Tharisa mine in the Bushveld Complex, and have begun operational testing. The partnership with Liebherr is part of Tharisa’s environmental, social and governance (ESG) initiative to reduce its carbon footprint. The two T 236 mining trucks with a capacity of 100 t and one 72 t PR 776 dozer, both of which use the latest generation diesel engine technology, with the T 236s using Cummins QST 30 engines and the… Read More Here
Asante Gold kicks off mining at Bibiani 10 Gold International 

Asante Gold kicks off mining at Bibiani

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Asante Gold has received the required permits to commence mining at its open-pit Bibiani gold mine. Gold production is targeted for the September quarter this year. First ore has been delivered to the run of mine pad, a month ahead of schedule. Asante Gold has also begun the first cutback at the main pit. Mobilisation and site establishment is now two months ahead of schedule, with more than 75 items of heavy equipment and maintenance facilities at site, executive Dave Anthony said. Asante Gold plans for a full fleet of… Read More Here

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