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Diamond Discovery Offers New Understanding of Earth's Geological Processes 1 International Diamond 

Diamond Discovery Offers New Understanding of Earth’s Geological Processes

Constance
A recent paper published in the journal Nature points to a “superdeep” diamond recovered in Kankan, Guinea, as the messenger of new information about plate tectonics, the geological processes that give rise to mountains, oceans and continents. The purity of the olivine, as well as some of the other minerals that were inclusions in the precious rock, indicate a much deeper origin than usual for a diamond, between what is called the transition zone and the lower zone. of the mantle – 420 kilometers to 660 kilometers below the surface… Read More Here
DRC Government Seeks Additional Funding Of Over $188 Million From India To Resume Construction On Katende Hydroelectric Plant 2 Electricity Mining in DRC 

DRC Government Seeks Additional Funding Of Over $188 Million From India To Resume Construction On Katende Hydroelectric Plant

Constance
The 82nd meeting of the Council of Ministers, held on January 13, 2023 under the leadership of Head of State Félix Tshisekedi, discussed the progress of the Katende hydroelectric power plant construction. As per Félix Tshisekedi’s recommendations, Finance Minister Nicolas Kazadi informed the council that Prime Minister Jean-Michel Sama Lukonde Kyenge had a working session on November 24th to establish procedures for the effective relaunch of the Grand Katende Hydroelectric Power Plant project. This is how, he said, he delegated a project assessment mission from December 8 to 15, 2022… Read More Here
Will Lithium Supply Meet Soaring Demand? 3 Battery Metals International 

Will Lithium Supply Meet Soaring Demand?

Constance
An ever-growing appetite for the key battery metal is raising questions about a supply–demand balance in the market. As the world moves towards a decarbonised future, it is becoming increasingly clear that mining – namely its ability to extract vital future-facing minerals from the ground – will play a significant role in that journey. Lithium is among the most important of these minerals. A lightweight metal used in the cathodes of lithium-ion batteries, which power electric vehicles (EVs), lithium demand has increased significantly in recent years – it is expected to reach… Read More Here
An increase of 26% In Copper Production In Botswana Due To Robust Global Demand For The Metal. 4 Copper International 

An increase of 26% In Copper Production In Botswana Due To Robust Global Demand For The Metal.

Constance
Local Production of Copper in Concentrates increased by 26.0 percent (1,957 tonnes) from 7,517 tonnes during the third quarter of 2021 to 9, 474 tonnes during the the third quarter of 2022, Statistics Botswana reported recently. The quarter-on-quarter analysis alsoshows that production increased by 13.8 percent (1,150 tonnes) during the third quarter of 2022 compared with 8, 324 tonnes produced during the second quarter of 2022. The increase was mainly attributed to the availability of efficient machinery coupled with strong demand for the commodity in the international market. Botswana ‘s… Read More Here
Cobre Panama Project Risks High for First Quantum Minerals 5 Copper International 

Cobre Panama Project Risks High for First Quantum Minerals

Constance
Summary First Quantum Minerals is a C$21B Canadian copper miner with assets in Africa, Europe, Australia and Latin America. The company has strategic ambitions to produce 1Mt of copper in the near future. Yet wide ranging issues, particularly linked to a public spat with the Panamanian government may lead to a sizable reduction in volumes. Company Overview First Quantum is a Canada based copper focused miner with South African heritage and a focus on expanding its nickel portfolio. Its operations spanning parts of Africa, Europe, Asia, Australia, and Latin America… Read More Here
Glencore’s McArthur River Mining Gets Tick Of Approval 6 International Environment Social Governance (ESG) 

Glencore’s McArthur River Mining Gets Tick Of Approval

Constance
Glencore’s McArthur River Mining (MRM) has welcomed the release of the Independent Monitor’s (IM) 2022 Annual Environmental Performance Audit Report (AEPAR). The AEPAR covers the period May 1 2021 to April 30 2022 and has found MRM achieved a very high level of overall compliance and no environmental issues requiring urgent investigation or attention during the reporting period. The report again found the McArthur River and its creeks are in good health and the fish are safe to eat. In reflection of MRM’s continuous improvement on the environmental management of… Read More Here
Leo Lithium’s Goulamina Resource increased to 142.3 Mt 7 Battery Metals Exploration International 

Leo Lithium’s Goulamina Resource increased to 142.3 Mt

Constance
Leo Lithium has revealed a significant improvement to the estimated mineral resources of its Goulamina Lithium Project in Mali. A resource definition drilling campaign was undertaken in H2 2022 on pegmatite dykes in the south-west of the Goulamina Lithium Project, part of the Danaya Domain (Danaya). The recently completed assessment of drilling results and the updated MRE for Danaya has increased the Danaya MRE by 152%, from 22.3 Mt to 56.1 Mt and the total Goulamina resource base by 31% from 108.5 Mt at 1.45 % Li2O to 142.3 Mt.… Read More Here
Vandals Attack Glencore Copper Mine in Peru, Setting Cars Ablaze 8 International Copper 

Vandals Attack Glencore Copper Mine in Peru, Setting Cars Ablaze

Constance
Glencore’s Antapaccay copper mine in Peru was targeted by vandals on Thursday 12.01.2023, according to the country’s top mining official. The attack occurred during a political crisis marked by violent protests near major mines in the southern Andes. Peru, the world’s second-largest copper producer, is currently experiencing the worst civil unrest in recent years. A tin mine located in the southern Puno region, where some of the most intense anti-government protests have occurred, also announced that it has temporarily suspended its mining operations. According to a statement from the mine,… Read More Here
Booming Market for Energy Transition Provides Opportunities for Diversification 9 Energy International 

Booming Market for Energy Transition Provides Opportunities for Diversification

Constance
The International Energy Agency (IEA) reports that the energy transition presents an industrial opportunity with a projected triple increase in market value by 2030, however, it also notes the potential risks, particularly in terms of geographical concentration. The IEA estimates that by 2030, the global market for major low-carbon energy technologies such as solar panels, wind turbines, batteries, hydrogen electrolyzers, and heat pumps will reach approximately 650 billion dollars annually, a threefold increase from current levels, assuming countries adhere to their commitments. Industrial jobs in the sector are expected to… Read More Here
Copper Hits Six-month High at $8,711 Per Ton 10 Copper International News in Brief 

Copper Hits Six-month High at $8,711 Per Ton

Constance
Copper prices have hit their highest point in six months, reaching $8,711 per ton on the London Metal Exchange as of January 9, 2023. This increase is attributed to market optimism following the reopening of China’s borders, as China is the largest consumer of copper. According to sources, mainland China’s sea and land routes to Hong Kong and the rest of the world have been closed for the past three years as a result of Beijing’s health policies implemented during the pandemic. Experts are uncertain about the potential impact on… Read More Here

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