You are here

Written by 

Mine Closures Impact on Global Copper Supply – Report 1 Copper Global markets International 

Mine Closures Impact on Global Copper Supply – Report

arnbethnic
The collapse of the copper price and the containment measures taken for the coronavirus pandemic are posing a significant risk to global copper mine supply and project development, Nick Pickens, research director at Wood Mackenzie said in a note this week. Day-by-day, mining companies are announcing revised plans to comply with new restrictions. “For now, temporary closures will be absorbed by our mine disruption allowance,” Pickens said.  “In a scenario where there are wholesale closures of mines in Peru and Chile for 15 days, we would see 1.5% wiped from… Read More Here
Gold ZCCM-IH Gold Global markets 

Despite Covid-19 Closures, There is Enough Gold Refining to Meet Demand – LBMA

arnbethnic
The London Bullion Market Association (LBMA) said on Friday that there is more than enough gold refining capacity worldwide to meet demand, and that refineries, shippers and banks are working to move metal.   The closure of several large refineries and most of the world’s air traffic due to the Corona virus outbreak have disrupted the gold supply chain, as has the demand for metal. Gold is often seen as a safe investment in turbulent times. Fears that gold would not be flown from London to New York to meet Tuesday’s… Read More Here
Covid-19 Pandemic hits Caterpillar Supply Chain 5 Mining technology 

Covid-19 Pandemic hits Caterpillar Supply Chain

arnbethnic
Caterpillar (NYSE: CAT) announced this week that the continued spread of covid-19 is starting to impact its supply chain. Caterpillar said it is continuing to run the majority of its US domestic operations and plans to continue operations in other parts of the world but is temporarily suspending operations at some facilities in affected areas. In February, Caterpillar said its machine sales dropped 11% on a rolling three-month period. Isolating the Asia-Pacific region, sales fell 17% – the largest drop in four years. “The company is monitoring the situation closely… Read More Here
Democratic Republic of Congo Locks Down Mining Area, Workers Sent Home Over Coronavirus 6 Mining in DRC 

Democratic Republic of Congo Locks Down Mining Area, Workers Sent Home Over Coronavirus

arnbethnic
Democratic Republic of Congo imposed a two-day lockdown in part of its copper and cobalt heartland on Monday, as two of the country’s largest mines took steps to reduce staff levels in response to an accelerating coronavirus outbreak. The governor of Haut-Katanga province, Jacques Kyabula, issued the lockdown order late on Sunday. He said the boundaries of the southeastern province, which is home to concessions owned by Ivanhoe, MMG Ltd and Chemaf, would also be closed after two people tested positive for the virus in the provincial capital, Lubumbashi. However,… Read More Here
Zambia’s history of copper production | Part 1 7 Copper Mining in DRC Mining in Zambia 

Zambia’s history of copper production | Part 1

arnbethnic,
Since large-scale copper production began in Zambia almost 100 years ago, the industry has experienced a lot of changes in a relatively short period of time. But what does the history of mining output in the country look like when you take a few steps back to quantify it? Read on to learn about the historical ups and downs of copper production in Zambia, in the first of this multi-part series.    From zero to 400 000 tonnes per annum Copper tools and jewellery were traded as currency in Zambia as… Read More Here
Five Things You Didn’t Know About Smelting 9 Copper Mining in Zambia Mining technology 

Five Things You Didn’t Know About Smelting

arnbethnic, ,
Smelting is an extremely important part of the overall mining process, facilitating the extraction of all kinds of metals – including silver, and base metals like iron and copper – from their ores. But how much do you really know about smelting? Read on to discover five facts that will broaden your knowledge of this ancient and vital aspect of mining. 1. Smelting is prehistoric “Prehistory” refers to the period in time before we had written records, and is generally accepted as having begun in Egypt some time between 3500… Read More Here
ExxonMobil Unveils Lubricant Maintenance App 11 International Mining technology 

ExxonMobil Unveils Lubricant Maintenance App

arnbethnic, ,
The new Mobil Serv Lubrication Management program, which is based on Redlist’s mobile, cloud-based app, is designed to help operators organize, automate and optimize maintenance-related activities. It can be used for predictive maintenance management, lubrication planning, performance tracking, and security and compliance reports.  The work and data streams are all available in one system, which can be integrated into the operator’s existing computer-based maintenance management (CMMS) and enterprise resource planning (ERP) systems. Matt Dinslage, Mobil Serv’s brand and strategy consultant at ExxonMobil, said: “Many companies welcome the Industry 4.0 revolution,… Read More Here
Epiroc to Convert Roy Hill's 77 Dump Trucks to Driverless Equipment 12 International Mining technology 

Epiroc to Convert Roy Hill’s 77 Dump Trucks to Driverless Equipment

arnbethnic, , ,
Technology solution provider ASI Mining has signed a subcontract with Epiroc to deliver its autonomous transportation solution to Roy Hill in Western Australia. This subcontracting follows the recent order from Epiroc to automate the Roy Hill iron ore mine in Western Australia.  Under the existing agreement, ASI Mining will provide the technology and systems to convert the mixed iron ore mine fleet of 77 trucks from manned to autonomous. Roy Hill is an iron ore mining company located in the Pilbara region of Western Australia. The Perth-based Remote Operations Center… Read More Here
Philippines to overtake Indonesia as global largest nickel producer 13 Nickel Global markets International 

Philippines to overtake Indonesia as global largest nickel producer

arnbethnic
Global nickel production will drop significantly over 2020, as major producer Indonesia’s nickel ore export ban comes into effect, Fitch analysts assert in a recent report. This drop will be slightly offset by the impact of rising production growth in the Philippines where some currently suspended mines will become operational again, while the country aims to plug the likely supply gap caused by the Indonesian export ban, Fitch says. Analysts maintain other major producers such as Russia, Australia and Canada will maintain stable production growth year-on-year.  Global nickel ore production will fall by 15.4%… Read More Here
China copper inventories 4-yr high as supply swamps COVID-19 hit demand 16 Uncategorized 

China copper inventories 4-yr high as supply swamps COVID-19 hit demand

arnbethnic
Shanghai Futures Exchange copper inventories rose another 10% in the past week to their highest in almost four years amid signs China’s production is holding up even as demand struggles to recover from the impact of the coronavirus. Chinese steel stocks, meanwhile, remain at record highs, although the pace of the build has slowed. Inventories of copper climbed by 34,959 tonnes from the previous week to 380,065 tonnes, the exchange said on Friday. That’s the most since March 25, 2016. MORE THAN 58% OF PROPERTY AND INFRASTRUCTURE CONSTRUCTION PROJECTS IN… 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.