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Copper Nears $10,000 Amid Global Economic Recovery Optimism 1 International Copper 

Copper Nears $10,000 Amid Global Economic Recovery Optimism

Constance
Copper prices are approaching the $10,000 per ton mark following a strong April rally driven by expectations of a rebounding global economy and increased demand for industrial materials. In recent weeks, metals have experienced broad gains, with copper reaching a two-year high at the start of the week. Improvements in manufacturing activities, particularly in key economies like the US and China, have contributed to the positive sentiment surrounding metals. Additionally, persistent inflation concerns are renewing interest in commodities as investors seek assets that may act as hedges against rising prices.… Read More Here
China's Gold Demand Fuels Record-Breaking Rally, Surpassing $2,400 per Ounce 2 International Gold 

China’s Gold Demand Fuels Record-Breaking Rally, Surpassing $2,400 per Ounce

Constance
Gold has reached unprecedented heights, surpassing $2,400 per ounce this year, captivating global markets. At the forefront of this remarkable surge is China, the world’s largest producer and consumer of the precious metal. Driven by escalating geopolitical tensions and the anticipation of lower US interest rates, gold has become an attractive investment option. However, it’s the relentless demand from China across various sectors that has propelled the rally to new heights. Traditionally, China and India have competed for the title of the world’s largest gold buyer. Yet, recent trends show… Read More Here
Trafigura Forecasts Copper Demand Surge with Technology Advancements 3 International Copper 

Trafigura Forecasts Copper Demand Surge with Technology Advancements

Constance
Flourishing activity in the electric vehicle, power infrastructure, AI and automation sectors will lead to at least 10 million metric tons of additional copper consumption over the next decade, commodity trader Trafigura told Reuters. Technological developments such as artificial intelligence and automation, and the energy transition, which includes electric vehicles and renewable energy, have already driven up demand prospects for copper cable used to conduct electricity. Estimates of new demand from these applications vary, but Graeme Train, head of metals analysis at Swiss-based Trafigura, said one third of the 10… Read More Here
Sibanye-Stillwater provides updates on its SA PGM operations 4 International 

Sibanye-Stillwater provides updates on its SA PGM operations

Constance
Multinational mining and metals processing group Sibanye-Stillwater updates its stakeholders on the repairs at its Siphumelele shaft at its Rustenburg operation and its end-of-life 4 Belt (4B) shaft at its Marikana operation. Siphumelele shaft at the Rustenburg operation On 29 February 2024, damage to surface infrastructure at the Siphumelele shaft resulted in the suspension of production from the shaft. The incident occurred when an ore collector bin attached to the shaft headgear sheared off and fell to the ground, damaging a surface ore conveyor belt system. There were no injuries… Read More Here
𝗞𝗛𝗢𝗘𝗠𝗔𝗖𝗔𝗨 𝗡𝗘𝗪 𝗢𝗪𝗡𝗘𝗥𝗦 𝗖𝗢𝗠𝗠𝗜𝗧 𝗧𝗢 𝗦𝗘𝗧𝗧𝗜𝗡𝗚 𝗨𝗣 𝗕𝗘𝗡𝗘𝗙𝗜𝗖𝗜𝗔𝗧𝗜𝗢𝗡 𝗔𝗖𝗧𝗜𝗩𝗜𝗧𝗜𝗘𝗦 𝗜𝗡 𝗕𝗢𝗧𝗦𝗪𝗔𝗡𝗔 5 International Copper 

𝗞𝗛𝗢𝗘𝗠𝗔𝗖𝗔𝗨 𝗡𝗘𝗪 𝗢𝗪𝗡𝗘𝗥𝗦 𝗖𝗢𝗠𝗠𝗜𝗧 𝗧𝗢 𝗦𝗘𝗧𝗧𝗜𝗡𝗚 𝗨𝗣 𝗕𝗘𝗡𝗘𝗙𝗜𝗖𝗜𝗔𝗧𝗜𝗢𝗡 𝗔𝗖𝗧𝗜𝗩𝗜𝗧𝗜𝗘𝗦 𝗜𝗡 𝗕𝗢𝗧𝗦𝗪𝗔𝗡𝗔

Constance
Minister of Minerals & Energy Hon Lefoko Maxwell Moagi has revealed that MMG Limited , the new owners of Khoemacau Copper Mining will set up beneficiation activities in Botswana to add value to the product and create thousands of Jobs locally. Minister Moagi was speaking during the change of Khoemacau ownership ceremony in Toteng. MMG Limited ,listed on the Hong Kong Stock Exchange acquired Khoemacau’s parent company Cuprous Capital at over P23 billion in a one of the largest transactions inthe history of Botswana. MMG major shareholder is China Minmetals… Read More Here
Trigon Metals CEO confirms copper mineralisation 15km east of Kombat mining licence 6 International Copper 

Trigon Metals CEO confirms copper mineralisation 15km east of Kombat mining licence

Constance
Trigon Metals CEO Jed Richardson says they can now confirm that copper mineralisation continues 15km east of the main Kombat mining licence 73B in Namibia.Richardson said this after a drilling campaign intercepted 7.0m at 3.52% copper and 43.09 g/t silver at Schlangental, a key prospect within the more expansive Kombat property.According to Richardson, it is over 25 million tonnes of combined tonnes over 2% copper, almost all contained in just 2.1 km.Richardson said the expanse of the Copper King Extension, specifically Schlangental, has long been an area of interest for… Read More Here
Ivan Kalonda Appointed General Manager of Human Resources at Tenke Fungurume Mining 7 Mining in DRC Mining Personality 

Ivan Kalonda Appointed General Manager of Human Resources at Tenke Fungurume Mining

Constance
In 2019, when CMOC took over the reins at Tenke Fungurume Mining (TFM), the spotlight shifted to its employees. Among them was Ivan Kalonda, who would later ascend to the role of General Manager of Human Resources, earning the prestigious “Outstanding Employee and CMOC Inspirational Role Model 2023” award. Kalonda’s rise to prominence began with a simple mantra: “Do your job well because there is always someone watching you.” Under the leadership of Jun Zhou, then General Manager, Kalonda’s dedication and consistency caught the CEO’s attention. A pivotal encounter in… Read More Here
Boliden, Epiroc, and ABB Forge Groundbreaking Battery-Electric Truck System for Underground Mining 8 International Mining Equipment 

Boliden, Epiroc, and ABB Forge Groundbreaking Battery-Electric Truck System for Underground Mining

Constance
Boliden, Epiroc and ABB have passed a new technology milestone by successfully deploying the first fully battery-electric truck trolley system on an 800 m long underground mine test track in Sweden, with a 13% incline. The partners say this means the mining industry is a step closer to realising the all-electric mine of the future, with sustainable, productive operations and improved working conditions. The statement said: “The achievement of the collaboration in Boliden’s Kristineberg mine in northern Sweden marks a critical moment for the mining industry as it continues to… Read More Here
Epiroc & Nexgen SIMS partners demo fully autonomous solution for material handling at the face 9 International Mining Equipment 

Epiroc & Nexgen SIMS partners demo fully autonomous solution for material handling at the face

Constance
Nexgen SIMS is a collaborative project run by a consortium of partners coordinated by Epiroc and partly funded by the European Union. It will be completed in April 2024 and aims to develop technologies, methods, and processes for the sustainable mines of the future. The partners within Nexgen SIMS say they have developed and recently demonstrated a working solution for the work package: autonomous material handling at the face. The demo occurred at a depth of 750 m in Agnico Eagle’s Kittilä gold mine in Finland. It encompassed a fully… Read More Here
Hon. Anthony Mavunde Spearheads Transformation in Tanzania's Mining Sector 10 International 

Hon. Anthony Mavunde Spearheads Transformation in Tanzania’s Mining Sector

Constance
In a remarkable display of leadership and foresight, Hon. Anthony Mavunde, Minister of Minerals, led a crucial meeting with the Board of Directors and Management of the State Mining Corporation (STAMICO) in Dodoma on April 18, 2024. The agenda focused on shaping the mining landscape in Tanzania for the fiscal year 2023/2024. Key Highlights: .Research and Development: Minister Mavunde stressed the significance of comprehensive mineral research to establish large-scale mining projects. This strategic approach aims to reduce reliance on foreign investors by harnessing and enhancing local capabilities. .Sectoral Investments: With… Read More Here

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