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Ford Used A Quantum Computer To Find Better EV Battery Materials 1 Battery Metals International 

Ford Used A Quantum Computer To Find Better EV Battery Materials

Constance
Quantum researchers at Ford have just published a new preprint study that modeled crucial electric vehicle (EV) battery materials using a quantum computer. While the results don’t reveal anything new about lithium-ion batteries, they demonstrate how more powerful quantum computers could be used to accurately simulate complex chemical reactions in the future.  In order to discover and test new materials with computers, researchers have to break up the process into many separate calculations: One set for all the relevant properties of each single molecule, another for how these properties are affected by the… Read More Here
First Quantum Says Negotiations Restarted On Future Of Panama Mine 2 International 

First Quantum Says Negotiations Restarted On Future Of Panama Mine

Constance
First Quantum Minerals Ltd. says it is back in discussions with the government of Panama over a benefits sharing agreement as it looks to avoid a shutdown of its Cobre Panamá mine. Toronto-based First Quantum said on Dec. 16 that the government had cut off talks and ordered the mine closed, but says discussions on increasing payouts from the mine restarted on Monday. The company says that for now the mine is operating as normal, but that it received formal notification on Dec. 21 that it needs to submit a… Read More Here
Copper Price Retreats As China Reports Rising Covid Cases 3 International Copper 

Copper Price Retreats As China Reports Rising Covid Cases

Constance
Copper prices slid on Thursday 29.12.30 as rising covid-19 infections in China and fears of a global recession weighed on prices. Copper for delivery in March fell 0.6% on the Comex market in New York, touching $3.82 per pound or $8,404 per tonne. The most-traded copper contract on the Shanghai Futures Exchange gave up 0.4% to 66,250 yuan ($9,496.03) a tonne. Spikes in covid-19 cases and the Lunar New Year holiday next month are expected to dampen metals demand in China. The country will stop requiring inbound… Read More Here
Economic Activity Better In 2022, Production Is Up In Several Sectors-DRC 4 Uncategorized 

Economic Activity Better In 2022, Production Is Up In Several Sectors-DRC

Constance
The Democratic Republic of the Congo is having a good year 2022 economically. According to statistical data from the Central Bank of Congo, the DRC is recording an increase in production in several vital economic sectors. In the mining sector for example, for the first time the mining industry achieves a copper production volume exceeding the 2 million ton mark. The same is true for cobalt, the DRC produced more than 104,000 tonnes in 11 months this year, exceeding production for the whole of 2021. There is also an increase in production… Read More Here
Kwekwe Miner CHanakira Faces Gold Ore Theft Charges-Zimbabwe 5 Gold International 

Kwekwe Miner CHanakira Faces Gold Ore Theft Charges-Zimbabwe

Constance
Kwekwe gold dealer has been reported to police on charges of having stolen gold ore and other Mining accessories from a mine at the Centre of a boundary dispute.According to a police report case number 5393592, Chanakira Masuku is accused of stealing about 1.5kg of gold, tonnes of gold ore worth over US$30 000, two drums of cyanide and caustic soda from Somerset 16 mine in Sosombe, Kwekwe.Masuku is also accused of vandalising a perimeter fence of Somerset 16 mine owned by Mistopher Khan under registration number 24107.The mine was… Read More Here
Gold Price Dips From Six-month Peak On Short-Term Profit Taking 6 Gold International 

Gold Price Dips From Six-month Peak On Short-Term Profit Taking

Constance
Gold prices eased off on Wednesday 28.12.2022 after reaching a six-month peak last session as the market booked short-term profits while seeking fresh drivers. Spot gold fell 0.6% to $1,801.21 per ounce by 11:40 a.m. ET, while three-month US gold futures declined 0.8% to trade at $1,808.80 per ounce. Bullion’s losses were capped by a drop in both Treasury yields and the dollar, which kept prices above the $1,800 an ounce level throughout the session. “You’re seeing a corrective pullback, some profit taking from… Read More Here
Fresh Panama Copper Mine Talks Offer Hope For 11th-hour Deal 7 International Copper 

Fresh Panama Copper Mine Talks Offer Hope For 11th-hour Deal

Constance
Panamanian officials and the operator of a giant copper mine are back at the negotiating table after a hiatus of more than a week, with both sides saying they’re keen to reach a deal on tax payments and avoid a shutdown of the facility. Vancouver-based First Quantum Minerals Ltd. said Wednesday that talks resumed Dec. 26 and that it’s committed to finding a mutually beneficial accord as soon as possible. The Commerce Ministry said Tuesday it’s “open to holding a frank, respectful dialog that can lead to a resolution of this issue.”… Read More Here
Gécamines Produced 4,114 Tonnes Of Copper & 18,844 tonnes Of Cobalt This Year-DRC 8 Mining in DRC News in Brief 

Gécamines Produced 4,114 Tonnes Of Copper & 18,844 tonnes Of Cobalt This Year-DRC

Constance
From January to November 2022, Gécamines, a state holding company, produced 4,114 tonnes of copper and 18,844 tonnes of cobalt, according to figures provided by the Central Bank of Congo in its Digest of statistical information for the month. from December 2022. In both segments, we observe that Gécamines has increased its production volume compared to the same period in 2021 when this state-owned company produced 3,478 tonnes of copper and 13,971 tonnes of cobalt. Overall, from January to November 2022, mining companies operating in the Democratic Republic of Congo… Read More Here
Zambia Scraps 25% Import Tax On Gasoline, Petroleum Prices Expected To Fall Back At Year End & Beyond 9 Oil & Gas Mining in Zambia 

Zambia Scraps 25% Import Tax On Gasoline, Petroleum Prices Expected To Fall Back At Year End & Beyond

Constance
Amidst energy price pressures in Africa’s copper producer, Zambia, the Energy Ministry on December 27, announced an extermination of customs duty on petroleum products into 2023. This was contained in a communique from the energy authorities to the Oil Marketing Companies. The Zambian authorities, have amended the customs duty rate in Chapter 27 of the Customs and Excise Act Cap 322 from 25% to free rate (0%). This applies to importation of petrol and low Sulphur gas oil and shall come into effect on 01 January 2023. Petroleum energy reforms in… Read More Here
First Quantum Says No Disruption To Panama Ops Amid Dispute 10 Copper International 

First Quantum Says No Disruption To Panama Ops Amid Dispute

Constance
First Quantum Minerals said on Wednesday (Dec. 28 2022) its flagship Cobre Panama copper mine was currently running as normal and formal talks have resumed with the Panama government to solve a dispute over the miner’s operations. The company also said its unit Minera Panama S.A. (MPSA) was informed on Dec. 21 of a resolution requiring it to submit a plan within 10 working days of such notification to suspend commercial operations at Cobre Panama and put the mine under “care and maintenance”. “MPSA is working through a number of… Read More Here

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