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Digitalisation in mines: the future of connectivity in the mining industry  1 Mining technology 

Digitalisation in mines: the future of connectivity in the mining industry 

Copperbelt Katanga News
Digitalisation in mines, including data collection, data transfer and data analysis, is key to improving productivity in the sector. In recent years, digitalised open platform systems have been developed to implement Internet of Things (IoT) technology and analysis of Big Data, as well as aid the use of automated vehicles and equipment, all with positive results for operational efficiency. However, the mining industry is still in the early stages of implementing these digital platforms. Looking forward, it is predicted that increased connectivity will further enhance mining operation efficiency, as well… Read More Here
Boosting the gas-power generation sector 2 Energy International 

Boosting the gas-power generation sector

Copperbelt Katanga News
  NYSE-listed Cummins has introduced its latest gas product innovation, the C25G gas generator series, to the global power generation market. The C25G series is engineered to deliver superior fuel efficiency, with a power density of 500 kW and 580 kW from a 25 litre engine, while providing reduced maintenance costs per kWh. Together with inter-connectivity across the Cummins gas product range, and the vast support network, the C25G has been designed to support any gas-power need. This new series offers a total package of gas-generator capabilities for combined heat… Read More Here
Iron ore, copper prices surge despite China factory data shock 3 Copper 

Iron ore, copper prices surge despite China factory data shock

Copperbelt Katanga News
  Copper and iron ore prices surged on Monday on hopes that China, responsible for more than 70% of the world’s seaborne iron ore trade and half the world’s copper consumption, will spend massively on infrastructure and manufacturing to revive an economy devastated by the coronavirus. Copper trading in New York climbed just short of 3% on Monday to a high of $2.6130 a pound ($5,760 a tonne). Volumes on the Comex for May delivery copper was massive, with the equivalent of 2.6 billion pounds of the bellwether metal changing… Read More Here
Big copper conference joins list of gatherings canceled on virus 4 Copper International 

Big copper conference joins list of gatherings canceled on virus

Copperbelt Katanga News
  One of the world’s biggest copper conferences joined a growing list of events that are being canceled as the spread of the coronavirus disrupts travel and deters large gatherings. Cesco Week Santiago and an accompanying dinner, set for the week of March 23, have been scrubbed “due to the uncertainty generated by the current situation of Covid-19,” the Center for Copper and Mining Studies, an organizer of the event, said in a statement Monday. Some of the biggest names in the copper industry gather each year in Santiago for… Read More Here
Copper to rally to $3 once virus passes, Chile minister says 5 Copper International 

Copper to rally to $3 once virus passes, Chile minister says

Copperbelt Katanga News
  The deadly coronavirus that’s rattled markets since January won’t stop copper prices from surging to $3 a pound this year, according to Chilean Mining Minister Baldo Prokurica. The price of copper, often used as a barometer for the global economy, has dropped about 7% so far in 2020, signaling demand for the metal used in everything from electronics to automobiles has cooled as investors retreat from riskier assets. Copper supplies at warehouses tracked by the Shanghai Futures Exchange expanded to the highest ever for this time of year as logistical constraints… Read More Here
DRC  to buy dollars from miners to strengthen reserves 6 Mining in DRC 

DRC  to buy dollars from miners to strengthen reserves

Copperbelt Katanga News
  The Democratic Republic of Congo’s central bank plans to use the country’s updated mining law to buy dollars from mining companies in exchange for Congolese francs to shore up Falling foreign currency reserves. The government’s demand for dollars is “to assure the resilience of the national economy” as Congo looks to qualify for a formal loan program with the International Monetary Fund, Prime Minister Sylvestre Ilunga Ilunkamba said in a  letter to Louis Watum, president of Congo’s Chamber of Mines, a division of the country’s main business lobby group. Mines Minister Willy Kitobo confirmed… Read More Here
Karma Mining Services Gold Mining in DRC 

AJN announces it won’t pursue Sokimo’s Kibali deal

Copperbelt Katanga News
  Canadian junior AJN Resources will not continue with the proposed acquisition of a 10% interest in the Kibali gold mine in the Democratic Republic of the Congo (DRC), the company said on Sunday. AJN announced on February 6 that it had concluded a Memorandum of Understanding (MoU) with state Sokimo to acquire multiple rights in the Democratic Republic of Congo, including a 10% interest in the Kibali gold mine. The global majors, Barrick and AngloGold, each own 45% of Kibali and said they would not approve the sale or… Read More Here
Mining under pressure to transition to renewable energy 7 Uncategorized 

Mining under pressure to transition to renewable energy

Copperbelt Katanga News
  The impact of the energy transition on the mining industry has been profound. It is one of the most energy-intensive industries in the world, accounting for an estimated 6.2% of the total global energy consumption. It has also historically been a disproportionately large contributor to global warming, through the intensive use of fossil fuels to power operations. But now there is a spotlight on the sector, with increased pressure to move towards renewable energy. While developments have been made, there remains increased pressure to reduce emissions. McKinsey reported that… Read More Here
Maamba mitigates power risk at Lake Kariba 8 Electricity Energy Mining in Zambia 

Maamba mitigates power risk at Lake Kariba

Copperbelt Katanga News
Falling water levels in Kariba have necessitated Maamba Collieries (MCL) to relocate its pumps to a new location in the Kariba Lake to provide water essential for the boilers of its 300-Megawatt power plant. MCL runs two power generating units, with a capacity of 150 MW, each of which consumes about 9,000 m3 of water a day when running at full capacity. Low rainfall during the last wet season caused water levels at the primary location of the pump station in Lake Kariba to drop dramatically from the usual 9-m depths… Read More Here
Shanta Gold releases full year results, stock drops 9 Gold 

Shanta Gold releases full year results, stock drops

Copperbelt Katanga News
  Shanta Gold released a report  last week Friday on its final results for 2019, reporting revenue of $112.8 million, up from $103.8 million in 2018. The miner’s focus remained on its flagship asset, the New Luika gold mine in southwest Tanzania, throughout the year, it said. The company produced 84,506 ounces of gold, above 2019 guidance of 80,000 ounces. Cash costs were $544 /oz and all in sustaining costs (AISC) were $777 /oz, within 2019 guidance. Shanta reported net debt reduction of 55% to $14.3 million. “2019 was a successful 12-month… Read More Here

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