Constance - Copperbelt Katanga Mining

Written by Constance

28 Kg Of Gold Sent From Primera Gold RDC To United Arab Emirates Under Fair Trade

January 15, 2023January 15, 2023 Constance

On Friday, January 13, 2023, the President of the Democratic Republic of Congo, Félix-Antoine Tshisekedi Tshilombo, witnessed the first shipment of fair trade gold from the DRC to the United Arab Emirates through the new Congolese company, Primera Gold DRC sa, at the African Union city. This marks a historic milestone in the relationship between the two nations as the sale of the initial fair trade gold is carried out. The aforementioned agreement provides benefits for artisanal miners in eastern Congo, particularly those from South Kivu who are organized in… Read More Here

Electricity International

Mozambique To Experience 12% Decline in Electricity Production In 2023

January 13, 2023January 15, 2023 Constance

Mozambique’s electricity production is projected to drop by 12% in 2023, compared to the forecasts for 2022, which saw a 1% decrease in production. This decline is mainly due to the downward forecast for production at the Cahora Bassa Hydroelectric Plant (HCB), which will account for 77% of the production and export structure. This information is contained in the Economic and Social Plan and State Budget (PESOE) 2023, which was approved by the Assembly of the Republic on December 9 of last year. According to the document, HCB anticipates a… Read More Here

Battery Metals International You got to know this

Study Says Vanadium Redox Flow Batteries Have a Smaller Carbon Footprint Compared to Lithium-ion Batteries

January 13, 2023January 13, 2023 Constance

A life-cycle assessment (LCA) study executed by the independent consulters Denkstatt, Vienna, for Enerox / CellCube, reveals that Vanadium Redox Flow Batteries excel with a highly favorable environmental footprint for large-scale energy storage solutions compared to lithium-ion battery technology. Battery energy storage systems (BESS) are important puzzle pieces of the energy transition – the technology even accelerates the roll-out of Solar/PV and wind power deployments. Lithium-ion and Vanadium Redox Flow Batteries (VRFB) are the two key BESS technologies that dominate the battery energy storage market.For the new ESG reporting requirements… Read More Here

Gold Drilling International

BEMETALS FURTHER EXTENDS SETA VEIN AND ADVANCES ALL KAZAN GOLD PROJECTS IN JAPAN

January 13, 2023January 13, 2023 Constance

BeMetals is pleased to announce it has further extended the Seta Vein with recently received assay results for drill holes KT22-13 to KT22-15 from its ongoing diamond drilling program at the Kato Gold Project (“Kato” or the “Property”) in Hokkaido. The Company also provides a summary of progress for all its Kazan gold projects in Japan. John Wilton, President and CEO of BeMetals stated, “We are pleased that the Company’s latest drilling results at the Kato Project successfully extended the Seta Vein Zone some 400 metres along strike from the… Read More Here

Mining in DRC Gold

DRC President Tshisekedi To Participate in Sale Of Initial Gold Shipment As Part Of UAE Economic Partnership.

January 13, 2023January 13, 2023 Constance

DRC President Felix Tshisekedi will today 13.01.2023 attend a ceremony at the City of the African Union to mark the sale of the first batch of gold in the United Arab Emirates as part of a trade and economic cooperation agreement between the two countries. The DRC and the United Arab Emirates signed a partnership contract on December 10th to combat mining fraud. This partnership resulted in the formation of two companies, Primera Gold DRC and Primera Metals DRC, which will focus on the sectors of gold, tin, tungsten, and… Read More Here

Copper International

Panama Accuses First Quantum of Deceiving Investors

January 12, 2023January 12, 2023 Constance

The government of Panama expressed its discontent on Wednesday 11.01.2023 with the latest investor update given by First Quantum Minerals (TSX: FM) about the Cobre Panama contract negotiations, saying it contained several inaccuracies that could misguide investors. The Canadian miner’s chief executive officer, Tristan Pascall, said on Tuesday 10.01.2023 that the parties had made significant progress in resolving the dispute over a new contract that would increase royalties paid by the company. The country’s Minister of Commerce and Industry Federico Alfaro noted that the government believes that the company’s most recent contract proposals had… Read More Here

International Coal Energy

Global Coal Demand Set To Rise Amid Upheaval Of The Energy Crisis

January 12, 2023January 12, 2023 Constance

Coal markets have been shaken severely in 2022, with traditional trade flows disrupted, prices soaring, and demand set to grow by 1.2%, reaching an all-time high and surpassing 8 billion tonnes for the first time. In last year’s annual market report, Coal 2021, we said that global coal demand might well reach a new peak in 2022 or 2023 before plateauing thereafter. Despite the global energy crisis, our overall outlook remains unchanged this year, as various factors are offsetting each other. Russia’s invasion of Ukraine has sharply altered the dynamics… Read More Here

International Gold

Gold Value Decreases as Investors Wait for Information on Inflation.

January 12, 2023January 12, 2023 Constance

Gold stopped increasing in value on Wednesday 11.01.2023 as investors wait for new data on US inflation that could give clues about the Federal Reserve’s future actions. It is thought that the rate of interest hikes will slow down. Spot gold went down by 0.2% to $1,874.57 per ounce by 1:15 p.m. ET, after reaching a new eight-month high of $1,886.59 earlier in the session. However, US gold futures went up by 0.2% and were trading at $1,879.90 per ounce. Prices were… Read More Here

Energy Electricity Mining in Zambia

Zambia Electricity Supply Cooperation To Set Up 800 Megawatts Solar Plants

January 12, 2023January 12, 2023 Constance

Zambia Electricity Supply Cooperation Limited is working on setting up solar plants across the country to produce 800 megawatts of electricity. ZESCO National Spokesperson HENRY KAPATA states that the company’s plan to set up solar plants across the country is in alignment with the directive from President HAKAINDE HICHILEMA to explore alternative sources of energy. He says ZESCO Limited plans to construct a 250 megawatts solar plant on their own, and will also partner with another company to construct another 250 megawatts.” According to Mr. KAPATA, ZESCO Limited has identified… Read More Here

Copper International

Barrick Broadens Copper Base in Saudi Arabia

January 12, 2023January 12, 2023 Constance

Barrick Gold Corporation yesterday 11.01.2023 signed new joint venture agreements with Ma’aden for two prospective exploration projects comprising the Jabal Sayid South and Umm Ad Damar license areas. These new prospective joint ventures significantly expand Barrick’s exploration footprint in Saudi Arabia, grow the Ma’aden Barrick partnership and open up potential synergies with the neighboring Jabal Sayid mine, an already successful 50/50 joint venture between Barrick and Ma’aden. From 2018 to 2021 production at Jabal Sayid increased from 110 million pounds to 152 million pounds per annum1 as a result of improved… Read More Here