Constance - Copperbelt Katanga Mining

Written by Constance

Cobalt Demand Positively Impacted By Increasing Sales Of New Energy Vehicles

January 26, 2023January 26, 2023 Constance

According to trade association the Cobalt Institute’s quarterly market update for the fourth quarter of 2022, global new energy vehicle (NEV) sales rose by 56% year-on-year to 3.5-million units, with NEV penetration reaching nearly 20% by December. The report, which was prepared with the help of Wood Mackenzie, notes that the share of cobalt-free chemistries in electric vehicle (EV) battery formulations has increased, with lithium iron phosphate (LFP) now representing more than 30% of the total market. Despite this, cobalt consumption in EVs jumped by more than 60% year-on-year in 2022. Meanwhile,… Read More Here

Gold International

Tanzanian Assets Set Record Production And Secure Long-term Value.

January 26, 2023January 26, 2023 Constance

Barrick’s two gold mines in Tanzania, North Mara and Bulyanhulu, boosted their combined output to 547,0001 ounces in 2022, achieving another step towards their potential Tier One2 status in the group’s asset portfolio as a combined complex. At the same time, exploration is continuing to deliver opportunities to grow the mineral reserves net of depletion at both mines. North Mara’s transition to owner-mining is successfully ramping up its ongoing open pit expansion with improved efficiencies and costs, while technological advances in the underground operation are increasing productivity. The restart of mining at… Read More Here

Mining Personality Mining in Zambia

FQM Appointments Dr. Godwin M. Beene As Its Country Manager For Mining Operations in Zambia.

January 26, 2023January 26, 2023 Constance

Mining industry stalwart Dr Godwin Beene has been appointed Country Manager of First Quantum Minerals in Zambia, taking over from General Kingsley Chinkuli, who will continue with the company on an advisory basis. Previously working as Government Affairs Specialists at FQM, Dr Beene has helped forge the path to positive, steady relationships between the government and the mining industry, offering vital support to outgoing FQM Country Manager General Chinkuli, and ensuring that policies are aligned for a ‘win-win’ outcome. Having served as Permanent Secretary in the Ministry of Mines from… Read More Here

Copper International You got to know this

Copper Sensor with Flexibility Able To Detect Heavy Metals in Sweat

January 25, 2023January 25, 2023 Constance

An international team of researchers led by the University of São Paulo in Brazil has developed a portable copper sensor that is able to detect heavy metals such as lead and cadmium in sweat. In a paper published in the journal Chemosensors, the scientists explain that heavy metals are present in batteries, cosmetics, food and other things that are part of everyday life. When they accumulate in the human body, however, they can become toxic and cause health problems. “High levels of cadmium can lead to fatal problems in the airways, liver and… Read More Here

Oil & Gas International

Eni CEO proposes increasing African gas imports for Italy

January 25, 2023January 25, 2023 Constance

Italy can significantly increase its gas imports from Africa and transfer some of the supply to northern Europe if it boosts its infrastructure in the next few years, the CEO of energy group Eni ENI.MI Claudio Descalzi told several Italian papers. Speaking from Algiers where he travelled with Italy’s Prime Minister Giorgia Meloni, Descalzi said that Rome could already count on many connections with Africa including the TransMed pipeline linking Algeria to Sicily. “We are the only ones to have a connection with Algeria… which has a capacity of about… Read More Here

International Electricity News in Brief

Power Outage Plagues Nacala-a-Velha And Memba Districts in Mozambique

January 25, 2023January 25, 2023 Constance

Due to bad weather, the districts of Nacala-à-Velha and Memba in Nampula province have been without electricity from the national grid since Tuesday, January 24th, 2023. Electricidade de Moçambique (EDM) announced in a press release that the supply of electricity was interrupted for 31,276 customers in these districts due to the collapse of 11 medium voltage poles. EDM teams said they are working to restore power to the affected areas as soon as possible. Read More Here

Coal International

Buffalo Coal Dundee Secures USD$30,000,000 from SARB

January 25, 2023January 25, 2023 Constance

Buffalo Coal Corp. has announced that its wholly owned subsidiary, Buffalo Coal Dundee has entered into and received approval from the South African Reserve Bank (SARB) regarding a secured credit facility agreement dated November 7, 2022 and addendum to the facility agreement dated December 29, 2022 with Ikwezi Mining FZE, an affiliate of the company’s majority shareholder, Belvedere Resources. Pursuant to the Credit Agreement, the Lender will make a credit facility available to BCD in the aggregate principal amount of USD$30,000,000, which amount may be drawn in up to ten… Read More Here

Mining in DRC

Tin prices rise 7.79%, Currently trading at $27,450 Per Ton.

January 25, 2023January 25, 2023 Constance

The general trend in the prices of mining products exported from the Democratic Republic of Congo (DRC) is upward on the international market for the period from January 23 to 28, 2023. According to projections by the National Commission for Mercurial Prices, the main mining products exported from the Democratic Republic of Congo (DRC) should experience a significant price increase on the international market this week. The note informs that tin should trade at 27,450.00 USD per tonne this week on the market against 25,466 USD per tonne a week… Read More Here

Oil & Gas International

Uganda Set To Join The List Of Major Oil Producing African Countries

January 25, 2023January 25, 2023 Constance

Uganda is set to commission its first commercial oil production drilling program. The East African country has been keen on fast tracking its oil programs since last year, and has signed a couple of deals to this effect. Last year, Uganda and its collaborators, Total Energies and Tanzania got into an altercation with the European Union on a pipeline project, which the EU declared environmentally harmful. Despite this, the country insisted on going ahead with its oil exploration. As recently as this month, the country signed production-sharing agreements (PSA) for… Read More Here

Cobalt Mining in DRC

Cobalt Price Drops to 48,313.0 USD Per Ton in Latest Week

January 24, 2023January 24, 2023 Constance

For the second consecutive week, the price of cobalt is down on the international market. Although the general price trend for mining products exported from the Democratic Republic of Congo (DRC) is upward on the international market for the period from January 23 to 28, 2023, the price of cobalt is expected to fall again this week. According to projections by the National Commission of Mercurials, cobalt should trade around 48,313.00 USD per tonne this week against 48,795 USD last week, a further drop in price of around 482 USD.… Read More Here