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Stronger Q2 Puts Barrick On Track to Achieve 2023 Targets 1 Gold International 

Stronger Q2 Puts Barrick On Track to Achieve 2023 Targets

Constance
 Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) (“Barrick” or the “Company”) yesterday July 13th reported preliminary Q2 sales of 1.00 million ounces of gold and 101 million pounds of copper, as well as preliminary Q2 production of 1.01 million ounces of gold and 107 million pounds of copper. As previously guided, Barrick’s gold and copper production in 2023 is expected to increase through the year with the second half being higher than the first six months of 2023. The Company remains on track to achieve full year gold and copper guidance.1 The average… Read More Here
DRC Records Impressive Zinc Production of 3,625.71 Tons in Q1 2023 2 Mining in DRC Economy Zinc 

DRC Records Impressive Zinc Production of 3,625.71 Tons in Q1 2023

Constance
The mining industry in the Democratic Republic of Congo (DRC) produced 3,625.71 tons of zinc ore during the period from January to March 2023. These figures were communicated by the Ministry of Mines. The source notes that the production sold, including exports and local sales to other entities for processing before export, amounted to 3,625.71 tons of zinc, the same quantity produced during the period under analysis. It should be noted that zinc ore production is up sharply in the first quarter of the current year compared to 2022. In… Read More Here
Global Copper Prices Continue to Stay Below USD 8,000 per Tonne 3 Mining in DRC Cobalt Copper Economy 

Global Copper Prices Continue to Stay Below USD 8,000 per Tonne

Constance
The general trend of mining products exported from the Democratic Republic of Congo (DRC) oscillates between rising and falling prices on international markets for the period from July 10 to 15, 2023. According to projections made by experts from the National Commission of Mercurials of the Ministry of Foreign Trade, copper should see a drop in price this week to trade this week at 8,265.70 USD against 8,445.85 USD last week. elapsed, i.e. a price drop of around 180.15 USD. Zinc and tantalum are also expected to experience lower prices… Read More Here
Global Cobalt Prices Surge to $31,549.00 USD per Tonne 4 Mining in DRC Battery Metals Cobalt Copper 

Global Cobalt Prices Surge to $31,549.00 USD per Tonne

Constance
After almost a year of decline on the international markets, the cobalt market is again showing firmness, inform the specialists in the field. According to projections made by experts from the National Commission of Mercurial Prices of the Ministry of Foreign Trade, cobalt should register a significant price increase on world markets during the period from July 10 to 15, 2023. According to the figures put forward by Congolese government experts, cobalt should trade at 31,549.00 USD per tonne this week against 28,840.00 USD a week earlier, i.e. a positive… Read More Here
DRC’s MIBA produces 16.6K carats of diamonds in Q1 2023 5 Mining in DRC Diamond Economy 

DRC’s MIBA produces 16.6K carats of diamonds in Q1 2023

Constance
The Bakwanga mining company (MIBA), a Congolese state holding company, produced only 16,664.12 carats of diamonds in the first three months of 2023. According to figures from the Ministry of Mines, the mining industry in the Democratic Republic of Congo (DRC) reached an estimated production volume of 2,035,090.71 carats of diamonds in the first quarter of 2023. The report indicates that 1,554,858.73 carats come from artisanal mining, i.e. 76.40% of total production;479,605.11 carats from industrial mining, i.e. 23.57%; and626.87 carats from the semi-industrial mining circuit, i.e. 0.03%. The document specifies that… Read More Here
DRC's Kibali Records 9 Impressive Achievements in Q2-2023 6 Mining in DRC Gold 

DRC’s Kibali Records 9 Impressive Achievements in Q2-2023

Constance
Mining company Kibali regularly reports on its achievements after each quarter. During a press conference held on July 5, 2023, Mark Bristow, Chairman of the Board of Directors of Kibali, spoke about the achievements of this mining giant specializing in the exploitation in the second quarter of the year 2023. Here are Kibali Gold Mines Top 9 Achievements in Q2-2023: 1° Kibali is on track to meet year-end production targets; 2° 16 white rhinos successfully reintroduced in Garamba National Park; 3° 16 MW solar power plant project on track: site… Read More Here
Minerals Democratic Republic of Congo 1 Mining in DRC Battery Metals Cobalt 

Sino-US Rivalry Intensifies for DRC’s Strategic Minerals

Constance
The very rare riches of the Democratic Republic of Congo’s subsoil, cobalt as a bonus, are at the heart of the opposition of interests between the United States and China in a world in the midst of a race to control strategic minerals for the energetic transition. A bill requiring the establishment of a U.S. national strategy to secure critical mineral supply chains from the Democratic Republic of the Congo was introduced Tuesday, July 11, 2023, in the U.S. House of Representatives, by John James , president of the Africa… Read More Here
Global Demand for Critical Minerals Expected to More Than Double by 2030 7 Mining in DRC Battery Metals 

Global Demand for Critical Minerals Expected to More Than Double by 2030

Constance
It just so happens that all of these critical minerals useful for the energy transition that global industry needs are in the Democratic Republic of Congo. A report published on July 11 by the International Energy Agency (IEA) notes that by 2030, the global demand for critical minerals necessary for the energy transition such as cobalt, copper, lithium, nickel and rare earth elements should more than double. Entitled “Critical Minerals Market Review 2023”, the report specifies that the demand for these minerals used in the manufacture of solar panels, wind… Read More Here
Angola and DRC Sign Historic Cooperation Agreement 8 Angola Mining in DRC Oil & Gas Partnership 

Angola and DRC Sign Historic Cooperation Agreement

Constance
Angola and the Democratic Republic of Congo (DRC) have signed a significant cooperation agreement for the exploration, production, and development of hydrocarbons in the Common Interest Zone located on their maritime border. The historic deal was signed on July 13th in Kinshasa by Angola’s Minister of Mineral Resources, Petroleum and Gas, Diamantino Azevedo, and DRC’s Minister of Hydrocarbons, Didier Ntubanga. This agreement marks the culmination of almost two decades of negotiations between the two countries and establishes the terms and general principles for exploration activities, production sharing, and ownership of… Read More Here
BEKA Schréder announces launch of new decorative solar post top luminaire 9 Sponsored Content 

BEKA Schréder announces launch of new decorative solar post top luminaire

Constance
The SOZELLA solar post top luminaire provides a modern design with clean lines using state-of-the-art technology and is suitable for most urban lighting applications. This solar luminaire is designed to operate independently of the electrical grid. It relies solely on solar energy for power, eliminating the need for external electricity sources or wiring infrastructure. This makes it highly suitable for remote locations, areas with unreliable power supply, or regions where grid connection is difficult or costly. The lighting system is designed to be efficient and reliable, with low maintenance requirements… Read More Here

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