Constance - Copperbelt Katanga Mining

Written by Constance

First Quantum Minerals Ltd. Stock Rises, Outperforms Market

January 8, 2023January 9, 2023 Constance

Shares of First Quantum Minerals Ltd. inched 0.28% higher to C$28.49 Thursday,05.01.2023 in what proved to be an otherwise all-around poor trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE, +1.58% falling 0.42% to 19,506.84. First Quantum Minerals Ltd. closed C$16.89 below its 52-week high (C$45.38), which the company achieved on April 4th. Trading volume of 1.7 M shares remained below its 50-day average volume of 2.8 M. First Quantum Minerals Ltd. engages in the production, exploration and development of copper, nickel, gold, zinc and acid, and related activities. It operates… Read More Here

Energy Mining in Zambia

Zambia Attractive For Private Sector Energy Investment

January 8, 2023January 9, 2023 Constance

Zambia’s energy sector has become one of the best destinations for private sector investments, Copperbelt Energy Corporation Plc’s (CEC) Chief Financial Officer, Mutale Mukuka, has asserted. Sharing his views on various aspects of the business and the Zambian energy sector recently, Mukuka said the improving economic variables in the country, ongoing sector reforms and the government’s focus on dialogue with the private sector, made for an attractive investment environment. Mukuka stated that the levels of investor comfort were also expected to be bolstered by the positive performance of other key… Read More Here

Battery Metals International

Tesla Faces Higher Lithium Prices As Supplier Amends Deal

January 6, 2023January 6, 2023 Constance

Tesla Inc. is set to pay more for the lithium that powers its electric vehicles after a supplier amended their deal amid a relentless price rally of the metal. Piedmont Lithium will now supply an increased 125,000 metric tons of lithium concentrate to the EV giant starting in the second half of this year through the end of 2025, according to a statement Tuesday. Unlike prior agreements where prices are locked in, Piedmont’s deal with Tesla relies on a floating mechanism based on market prices, according to the statement. The… Read More Here

International

Global Coal Consumption Rises To All-time High Amidst Energy Crisis

January 6, 2023January 6, 2023 Constance

Even though global coal demand is set to increase only marginally this year, it is enough to push it to an all-time high, amidst the global energy crises, says the International Energy Agency (IEA). The IEA’s latest Coal 2022 report forecasts that the world’s coal consumption will remain at similar levels in the next few years in the absence of strong efforts to accelerate the transition to clean energy use. The use of coal around the world is set to rise by 1.2% in 2022, surpassing 8 billion tonnes in… Read More Here

Electricity International

EDM Plans To Increase Electricity Exports To SADC Countries

January 5, 2023January 5, 2023 Constance

Energy exports from Mozambique to other Southern African Development Community (SADC) countries could increase this year, strengthening Mozambique’s position as an important regional electricity provider. Speaking to journalists a few days ago, Electrcidade de Moçambique (EDM) chairman Marcelino Gildo Alberto revealed that energy exports to the region currently represent 22% of EDM’s annual revenues. “The Southern African region is in crisis. South Africa is short of power, Zimbabwe the same, Zambia too, and recently we learned that Tanzania is starting to have problems. So, we are going to take advantage (of… Read More Here

Gold News in Brief

Gold Rises To 1858 USD Per Ounce

January 5, 2023January 5, 2023 Constance

Gold extended its New Year’s rally to trade near a seven-month high on Wednesday, helped by a weaker US dollar and rising expectations of less aggressive interest rate hikes by the Federal Reserve. Spot gold was up 1.0% at $1,858.97 an ounce on Wednesday 04.01.2023 midday, its highest level since mid-June. US gold futures also gained 1.0% to $1,864.20 an ounce in New York. The US dollar index, meanwhile, fell 0.4%, making bullion cheaper for overseas investors. There is some optimism in the market ahead of the release of the Fed’s… Read More Here

Battery Metals International

Lithium Miner Sees 25% Price Drop In Boon For Electric Vehicles

January 5, 2023January 5, 2023 Constance

Lithium is going to get less expensive in 2023, according to a Chinese supplier of the battery metal, potentially offering some relief to electric-vehicle makers squeezed by soaring costs. Prices have already softened after a spectacular two-year rally labeled “insane” by Elon Musk and “unreasonable” by China’s BYD Co. The cool-off is poised to continue as more supply emerges to trim abnormally high margins for lithium producers, Wang Pingwei, chairman of Sinomine Resource Group Co. said in an interview on Tuesday. “We believe the gradual, downward trend for lithium will… Read More Here

Mining in DRC News in Brief

Specifications Of The Hauchin Metal Launch Mining Company Valued At 1.1 Million USD-DRC

January 4, 2023January 4, 2023 Constance

The Provincial Minister of Mines of Haut-Katanga, Georges Mawine, and the Chinese mining company Hauchin Metal Launch (HML) proceeded to the signature of a specification which provides for the payment of 1,100,000 USD in mining royalties for the benefit of the communities affected by its mining operations. Indeed, this sum concerns the communities of the commune of Panda and the Kakontwe district in Likasi. In this specification, the company Huachin Metal Leach plans to carry out several projects of community interest with visible impact in five (5) years.These include the… Read More Here

Mining Companies International

Ivanhoe Mines’ Robert Friedland & Marna Cloete to Present at the Future Minerals Forum in Saudi Arabia, January 11-12,2023.

January 4, 2023January 9, 2023 Constance

Ivanhoe Mines announced on 03.01.2023 that Executive Co-Chairman Robert Friedland and President Marna Cloete will both be presenting at the Future Minerals Forum at the King Abdulaziz International Conference Centre in Riyadh, Saudi Arabia, which will take place on January 11-12, 2023. The 2023 Future Minerals Forum offers an opportunity for attendees to participate in the discussions around financing a modern and responsible mining industry in new and emerging mining hubs such as Saudi Arabia. It also enables an opportunity to explore the latest thinking, advances in technology and equipment… Read More Here

Battery Metals International

A New Partnership Will Improve Battery Recycling In South Africa

January 4, 2023January 4, 2023 Constance

A business in the United States and a South African investment business have signed a term sheet to form a joint venture to build and operate two environmentally sustainable battery recycling facilities in South Africa. Through the joint venture, the companies aim to bring radical change to the management of South Africa’s battery waste. The partners are Tabono Investments, a leading investment company in Africa with experience in mining, logistics and recycling and ACE Green Recycling, an innovative recycling platform for battery materials. “Green energy is on the rise in South Africa,”… Read More Here