You are here

Written by 

Mineral Prices This Week 1 Mining in Zambia Cobalt Copper News in Brief 

Mineral Prices This Week

Constance
Copper, cobalt, nickel, coal, and oil are all natural resources that are commonly used in various industries. Copper is a versatile metal that is used in electrical wiring, plumbing, and construction, while cobalt is used in the production of batteries, magnets, and super alloys. Nickel is used to make stainless steel and other alloys, as well as being used in the production of coins and batteries. Coal is primarily used to generate electricity, while oil is used to fuel vehicles and power plants, as well as being a key ingredient… Read More Here
FQM Trident Zambia Unionized Employees Receive 7% salary increase. 2 Copper Mining in Zambia 

FQM Trident Zambia Unionized Employees Receive 7% salary increase.

Constance
 FQM Trident Limited, a subsidiary of First Quantum Minerals, has signed a collective bargaining agreement with four unions; the National Union of Miners and Allied Workers (NUMAW), Mine Workers Union of Zambia (MUZ), Miners and Allied Workers Union (MAWU) and United Mine Workers Union of Zambia (UMUZ). Basic salaries for all eligible employees covered by the agreement will be increased by 7 per cent across the board effective January 1, 2023, to December 31, 2023, and the company will pay salary arrears relating to the agreed salary increment plus housing… Read More Here
Misinformation Spreads Regarding Supposed Discovery of Electrically Charged Rocks in DRC 3 Mining in DRC 

Misinformation Spreads Regarding Supposed Discovery of Electrically Charged Rocks in DRC

Constance
The claims that electrically charged stones were found in the Democratic Republic of Congo have been circulating on social media platforms, including Facebook, Twitter, TikTok and Instagram. Recent social media claims of “electrically charged stones” found in the Democratic Republic of the Congo have been debunked by experts. A video circulating on social media showed several people inspecting a small, shiny rock and connecting it to a wire, which activated a light. However, experts have stated that while certain minerals can conduct electricity, none can store it. The substance in… Read More Here
Metals And Mining Industry Pessimistic About Global Growth 4 Gold Battery Metals Coal International 

Metals And Mining Industry Pessimistic About Global Growth

Constance
More than half (52%) of CRU clients in the metals and mining industries expect global GDP to grow by no more than 1% in 2023, according to CRU’s annual macroeconomic survey of clients, which polled global clients from the metals and mining industries in December 2022. The outlook is bleaker than CRU’s forecast for global GDP growth in 2023, which sits at 1.6%. Inflation, energy prices and the Russia-Ukraine war continue to shape global markets and remain front of mind heading into 2023. In addition to the stark outlook for… Read More Here
Panama Not Willing To Expand First Quantum's Copper Mine Operations 5 Copper International 

Panama Not Willing To Expand First Quantum’s Copper Mine Operations

Constance
 Panama will not allow Canada’s First Quantum to expand the area of its existing copper mining operations, the deputy environment minister told Reuters, stressing the government’s opposition to the firm’s request to use more land. The comments from Deputy Minister Diana Laguna come as both sides negotiate a new contract for the major copper mine amid a longstanding dispute, with taxes and other payments to the government at the forefront of discussions. “The company has asked for more surface to operate and we have said no,” Laguna said. “They must… Read More Here
Critical Metals Reaches Significant Milestone In DRC 6 Copper Battery Metals Mining in DRC 

Critical Metals Reaches Significant Milestone In DRC

Constance
Critical Metals has begun copper production at the Molulu project, a former copper cobalt mine in the Democratic Republic of Congo. The production launch comes after the completion of on-site preparation work and the arrival of necessary mining equipment. This is a significant development as the company aims to acquire additional assets. The mine will initially operate on a single-shift schedule, with an estimated output of 10,000 tonnes of copper oxide ore per month in steady-state production. The copper ore produced in January 2023 will be stored for sale in… Read More Here
At The End Of December 2022, Gécamines Produced 4,562 Tonnes of Copper 7 Mining in DRC Copper 

At The End Of December 2022, Gécamines Produced 4,562 Tonnes of Copper

Constance
Gécamines, the General Company of Quarries and Mines, has reported that it produced approximately 4,562 tonnes of copper throughout the year 2022. This information was published in a summary of statistical data from the Central Bank of Congo (BCC) released in early January 2023. The report indicates that Gécamines experienced a notable uptick in copper production during 2022, compared to the previous year. According to the same sources, Gécamines’ copper production was around 3,996 tonnes in 2021, which represents an increase of nearly 566 tonnes in 2022. However, the Central… Read More Here
Zambia's President finalizes $2 billion Solar Agreement With UAE 8 Electricity Energy Mining in Zambia 

Zambia’s President finalizes $2 billion Solar Agreement With UAE

Constance
President Hakainde Hichilema, has facilitated the signing of a significant energy deal that has the potential to revolutionize the Zambian energy sector. The Zambian-owned power utility company ZESCO has signed an agreement with the United Arab Emirates’ company Masdar to develop solar projects worth $2 billion. During the signing of a Memorandum of Understanding (MoU) and Joint Development Agreement (JDA) between Zambia and the UAE, Hichilema stated that the MoU aims to promote large-scale investment in renewable energy in Zambia. The MoU and JDA will see ZESCO partner with Masdar,… Read More Here
Volvo Shifts Focus From Large Mining Trucks To Smaller Vehicles 9 Technology & Innovation International 

Volvo Shifts Focus From Large Mining Trucks To Smaller Vehicles

Constance
The question of whether bigger means better in mining trucks was raised again recently in a blog post by Uwe Muller, Head of Sales & Marketing Off-Road Solutions at Volvo Autonomous Solutions. Of course one issue with today’s large rigid mining trucks is their CO2 emissions, which motivated a Volvo research project as far back as 2015 on whether these haul trucks could be powered by batteries, thus reducing environmental impact. With the technology available at the time, it was clear that electrification in this format wasn’t a practical option.… Read More Here
Cheneso Cyclone Disrupts Power Supply in Nampula Province of Mozambique 10 Electricity International 

Cheneso Cyclone Disrupts Power Supply in Nampula Province of Mozambique

Constance
Tropical Cyclone Cheneso has caused disruptions to electricity supply in the northern Mozambican province of Nampula. The publicly-owned electricity company, EDM, reported that the cyclonic winds have brought down 11 medium voltage pylons in the districts of Nacala-a-Velha and Memba, affecting over 31,270 EDM clients. However, EDM has sent technical teams to the affected areas to restore normal electricity supply as soon as possible. Cheneso formed in the Indian Ocean east of Madagascar over a week ago. Although it was expected to dissipate as it passed over northern Madagascar, it… 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.