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Copper Price Hits 2-week High As China Further Eases Covid Curbs 1 Copper International 

Copper Price Hits 2-week High As China Further Eases Covid Curbs

Constance
Copper price rose to the highest in two weeks on Tuesday as China announced a major step towards further easing of its Covid containment policy. China will stop requiring inbound travelers to go into quarantine starting from Jan. 8, moving further away from a strict “zero-Covid” policy that has curbed industrial activity and domestic demand. Copper for delivery in March rose 3.7% on the Comex market in New York, touching $3.94 per pound or $8,668 per tonne. The most-traded February copper contract on the… Read More Here
Minera Los Pelambres Copper Mine In Chile Awarded The Copper Mark 2 Copper International 

Minera Los Pelambres Copper Mine In Chile Awarded The Copper Mark

Constance
Minera Los Pelambres, one of the world’s leading copper producers and operated by Antofagasta PLC and a Japanese consortium that includes Marubeni Corporation, was recently awarded the Copper Mark as of November 30, 2022. Antofagasta owns 60% of the operation with the remaining 40% held by a Japanese consortium as follows: JX Nippon Mining & Metals 15.79%, Marubeni 9.21%, Mitsubishi Materials 10% and Mitsubishi Corp 5%. The Copper Mark, founded by the International Copper Association (ICA), is a comprehensive, credible assurance framework that demonstrates the copper industry’s responsible production practices… Read More Here
Gold Price Rises To Six-month High On China Reopening Optimism 3 Gold International 

Gold Price Rises To Six-month High On China Reopening Optimism

Constance
Gold prices rose on Tuesday as optimism surrounding China’s decisions to further ease covid-19 restrictions weighed on the US dollar, while resilient yields cast a shadow over the precious metal’s advance. Spot gold was up 1.3% to $1,821.37 per ounce by 11:50 a.m. ET, easing off a six-month high of $1,832.35 reached earlier in the day. US gold futures gained 1.4% to trade at $1,828.90 per ounce. Meanwhile, the US dollar index edged lower, and benchmark 10-year yields held close to their… Read More Here

Diamond Production Soar This Year, 16.6 Million Carats Produced In 11 Months-DRC

Constance
The diamond operation claims an estimated production of 16.685 million carats of diamonds in the first 11 months of 2022, according to figures from the Central Bank of Congo. While for the whole of 2021, the Democratic Republic of the Congo had produced 13.222 million carats of diamonds, it is clearly observed that diamond production is on the rise this year. Read More Here
power lines Mining Companies 

Strong CEC Share Price Performance Signals Investor Confidence Recovery

Constance
THE strong rally in the price of Copperbelt Energy Corporation Plc (CEC) shares on the Lusaka Stock Exchange (LuSE) seen over much of this year is indicative of the return of investor confidence to the Zambian market. CEC’s share price made massive gains to reach a high of K4, becoming the most valuable stock by market capitalization on the LuSE and holding the position for about 10 weeks, from its lows of around 70 ngwee per share only a year ago. Commenting on the performance in a recent interview, company Chief… Read More Here
DRC An Important Growth Market For CEC 4 Copper Mining in DRC Mining in Zambia 

DRC An Important Growth Market For CEC

Constance
“The DRC segment of the business has scaled up quite well and is, today, performing well and contributing significantly to the revenue and the bottom line of our financial performance”, Copperbelt Energy Corporation Plc (CEC) Managing Director, Owen Silavwe has disclosed. In a recent interview on various aspects of the business, Silavwe was confident that the DRC market would continue to be a big part of CEC. Although present there for many years, CEC has over the past few years aggressively pursued the DRC, growing its… Read More Here
Ncondezi Energy Signs Agreement With Consulting Firm For Its Mozambique Solar Project 5 International Energy 

Ncondezi Energy Signs Agreement With Consulting Firm For Its Mozambique Solar Project

Constance
Ncondezi Energy has signed a master services agreement with Synergy Consulting to provide financial and transaction advisory services for its 300MW solar project in Mozambique. According to a statement from Ncondezi, which is developing the solar photovoltaic (PV) and battery energy storage system (BESS) project in Tete, Mozambique, the agreement covers potential advisory services to accelerate the project up to financial close. That includes the finalisation of the power tariff, negotiations with project lenders for debt financing and capital raising for Ncondezi’s equity contribution towards the project. “As we continue… Read More Here
Africa Capable Of producing €1 Trillion Of Green Hydrogen A Year 6 Green Energy International 

Africa Capable Of producing €1 Trillion Of Green Hydrogen A Year

Constance
Africa has the potential to produce €1 trillion ($1.06 trillion) worth of green hydrogen a year by 2035, allowing it to export the fuel and boost local industry, according to a study backed by the European Investment Bank. By harnessing the world’s best solar energy resource a number of countries on the continent could produce the fuel, which is made by splitting water using renewable energy, at a cost of less than two euros a kilogram by 2030, the EIB and its partners, the African Union and the International Solar… Read More Here
Contract Signed For Co-financing Of Rehabilitation Of 2 075 MW Hydroelectric Plant In Mozambique 7 Electricity Green Energy International 

Contract Signed For Co-financing Of Rehabilitation Of 2 075 MW Hydroelectric Plant In Mozambique

Constance
Hidroeléctrica de Cahora Bassa (HCB) and AFD signed a EUR100M non-sovereign concessional loan agreement to contribute to the financing of the plant’s 10-year rehabilitation program, the “Capex Vital”. This program, aimed at extending the life of the plant equipment by at least 25 years, includes the refurbishment of the power plant and the electrical substation. It will improve operational reliability, reduce forced outages and maintenance costs, and restore international standard performance levels. The loan is complemented by a EUR 22M European Union delegated grant to AFD, targeting additional components to… Read More Here
Asante Gold Targets Synergies & Extending Mine Life at Bibiani & Chirano In Ghana 8 Mining Companies International 

Asante Gold Targets Synergies & Extending Mine Life at Bibiani & Chirano In Ghana

Constance
The Bibiani and Chirano gold mines, situated 15 km apart in Ghana, are expected to produce a combined 400,000 oz. of gold next year, according to Asante Gold (CSE: ASE). Asante acquired the open pit Bibiani mine from Resolute Mining in August 2021, started open pit mining operations in February 2022, and after completing the refurbishment and commissioning of the process plant in June, poured first gold in July. Commercial production followed in November. The company closed its acquisition of Chirano, an open pit and underground gold mining operation to… Read More Here

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