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How Virtual Reality Makes Geology More Accessible 1 You got to know this 

How Virtual Reality Makes Geology More Accessible

Constance
Geologists at the University of Washington have completed a virtual field visit to the Whaleback anticline in Pennsylvania, where decades of coal mining have exposed 300-million-year-old folds in the bedrock.  After resorting to a similar web-based tool during the early days of the covid-19 pandemic, the researchers recently launched a version that allows people to wear virtual reality headsets to explore the geological site in detail and from different perspectives. The idea is that students and people interested in the field of geology can blend virtual and in-person field trips.… Read More Here
Cat Rope Shovels Achieve Highest Availability In The World 2 International Mining Companies 

Cat Rope Shovels Achieve Highest Availability In The World

Constance
Southern Peru Copper Corporation (SPCC) has a reputation for setting — and achieving — ambitious goals. Its parent company, Grupo Mexico, boasts the highest copper reserves in the industry. Led by an experienced management team, the company delivers consistent strong operational and financial performance thanks to a focus on continuous improvement and contributing to Peru’s development. SPCC takes that commitment from the executive office to the mine site, focusing on achieving low-cost operations at its two mines, located southeast of Lima. Consider the company’s Cuajone mine, for example. Located at… Read More Here
Independent Oil Companies In Africa Increasingly Becoming A Larger Presence in The Continent's Oil & Gas Industry 3 International Oil & Gas 

Independent Oil Companies In Africa Increasingly Becoming A Larger Presence in The Continent’s Oil & Gas Industry

Constance
It took less than 20 years for Somoil to become one of Angola’s largest private oil companies, but the company is hardly resting on its laurels. Somoil, like many independents operating in Africa today, is moving forward with ambitious plans for continued growth. Based on its current trajectory, Somoil’s chances of achieving its goals look good. The company operates three blocks with the capacity to produce as much as 50,000 barrels per day (bpd) of crude oil. In April, Somoil and London-headquartered Sirius Petroleum entered a $336 million deal with… Read More Here
Ecuador Says Mining Could Become Third-Biggest Export By 2025 4 International Copper 

Ecuador Says Mining Could Become Third-Biggest Export By 2025

Constance
Ecuador expects to generate over $4 billion in annual mining exports by 2025, its mines and energy ministry said on Friday, estimating the industry could become the South American nation’s third best-selling sector for shipments abroad. Despite its abundant mineral reserves, Ecuador has lagged behind other Andean countries such as Peru and Chile in developing large-scale mining due to opposition from indigenous communities and adverse court rulings. Vice minister Alvaro Ordonez said in a statement that following this year’s growth that by 2025 mining exports could make up 15% of… Read More Here
Copper Price Rises On Hopes For Better Demand In 2023 5 International Copper 

Copper Price Rises On Hopes For Better Demand In 2023

Constance
The copper price rose on Friday as low inventories and hopes for economic recovery next year offset a slackening in near-term demand in China caused by a surge in covid-19 cases. Copper for delivery in March rose 1.6% on the Come The copper price rose on Friday as low inventories and hopes for economic recovery next year offset a slackening in near-term demand in China caused by a surge in covid-19 cases. Copper for delivery in March rose 1.6% on the Comex market in New York, touching $3.81 per pound… Read More Here
California Congressman Perfectly Sums Up What Is Wrong With US Mining Policy 6 International Copper 

California Congressman Perfectly Sums Up What Is Wrong With US Mining Policy

Constance
With ample reserves, the US has a number of uncommitted mining projects that would support climate change targets and the Biden administration’s lofty green energy transition and electric vehicle ambitions under the Inflation Reduction Act (IRA).   A top contender is the Resolution project in Arizona, near the town of Superior in the area known as the Copper Triangle, where mining activity dates back to the 1870s.  The deposit was discovered in 1995 and contained copper tops 10 million tonnes worth nearly $90 billion at today’s prices. The sixth-largest measured copper orebody in the world,… Read More Here
Premium Nickel Aims To Re-open Selebi Mine In Botswana 7 Copper Battery Metals International 

Premium Nickel Aims To Re-open Selebi Mine In Botswana

Constance
Premium Nickel Resources says drill results at its Selebi nickel-copper-cobalt project in Botswana advance the concept that two past-producing deposits there are connected at depth. The Toronto-based company acquired the project, 400 km north of the capital of Gaborone, in January and is aiming to find links between the Selebi north and south deposits, which are separated by about 3 km, the company said in a news release on Thursday Highlights are diamond drill hole SMD-22-006a-W2, which cut 9.8 metres from 1,581.5 metres down hole grading 0.97% nickel, 1.74% copper… Read More Here
Codelco Launches Austerity Plan After Lower Production Forecasts 8 Mining Companies Copper 

Codelco Launches Austerity Plan After Lower Production Forecasts

Constance
Chile’s Codelco, the world’s largest copper producer, will launch an austerity plan intended to boost its earnings in the short and medium term and optimize production and investments through 2027, the company said on Friday. The state-owned miner cut its 2022/23 production goal in October, amid lower prices and poorer ore grades, and indicated its lower output levels would continue for a few years. The company estimated a 2022 copper output of between 1.435 million and 1.465 million tonnes, belowits previous forecast of between 1.49 million and 1.51 million tonnes.… Read More Here
Ionosphere Begins Lithium Concentrates Production-Zimbabwe 9 Battery Metals International 

Ionosphere Begins Lithium Concentrates Production-Zimbabwe

Constance
Ionosphere Investments has begun Lithium concentrates production at its factory in Harare Bluff hill, Managing Director Mr Nyasha Chidol has announced. The company aims to have a product ready for shipping by February 2023 and its targeted annual output is 36,000 tonnes of lithium concentrates. Chidol revealed plans to almost double Ionosphere’s targeted annual output to about 70 000 tonnes of Lithium concentrates and this would place the company among the country’s top four producers. ”We see all the demand is there-significantly unmet demand-for battery grade lithium in the next… Read More Here
Zimbabwe Blocks Diamond, Copper, Lithium Nickel & Rem Applications 10 Copper Battery Metals International 

Zimbabwe Blocks Diamond, Copper, Lithium Nickel & Rem Applications

Constance
Zimbabwe has blocked Diamond, Copper, Lithium, Nickel & Rare Earth Mineral applications citing dishonesty by miners in declaring the discovery of different minerals from the ones they are registered for, also the five have been deemed strategic in the upcoming mines and Minerals Amendment Bill. In a letter addressed to the ten provincial Mining Directors, the secretary for Mines and Mining Development Mr Pfungwa Kunaka said the non-declaration has led to prejudice to the growth of the mining sector economy as in some instances high-value minerals are involved. ”This non-declaration… Read More Here

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