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China’s new iron ore buyer sets off biggest shakeup in years 1 Iron Ore International 

China’s new iron ore buyer sets off biggest shakeup in years

Constance
China is about to upend the $160 billion iron ore trade with the biggest change in years as Beijing expands efforts to increase control over the natural resources needed to feed its economy. A new state-owned company called China Mineral Resources Group is poised to become the world’s biggest iron ore buyer as soon as next year, when it will begin consolidating purchases on behalf of about 20 of the largest Chinese steelmakers including leader China Baowu Steel Group Corp., according to people familiar with the situation. CMRG has already… Read More Here
Lithium stocks fall as prices ease for the first time in 6 months 2 Lithium International 

Lithium stocks fall as prices ease for the first time in 6 months

Constance
Shares of lithium producers and explorers slumped on Thursday after a closely watched auction by Pilbara Minerals showed a rare decline in prices of spodumene concentrate. Pilbara Minerals (ASX:PLS) announced its average monthly auction in December achieved a price of $7,552 per dry metric tonne (5.5% spodumene concentrate on a Port Hedland FOB basis), down from $7,805 a month earlier.  The price for the 10,000 tonne cargo equates to $8,299 per tonne on a 6% concentrate (CIF, China)  basis with deliveries expected from late January 2023. Pilbara Minerals, which wholly-owns the Pilgangoora mine… Read More Here
AUSTRIA RIVISES RESOURCES EXPORT EARNINGS TO $308bn FOR FY23 3 Mining revenue International 

AUSTRIA RIVISES RESOURCES EXPORT EARNINGS TO $308bn FOR FY23

Constance
Australia revised upwards its resources and energy export earnings for the current financial year to hit a record A$459 billion ($308 billion) on Monday, as the war in Ukraine boosts prices of energy commodities. The country is set to see strong growth in revenue from exports of thermal coal used in power plants as well as liquefied natural gas (LNG) for the year ending June 2023, the Department of Industry, Science and Resources said in a quarterly report. “Many Western nations are having to pay substantially more for energy, on… Read More Here
AUTONOMOUS MINING VEHICLE DEVELOPER GETS $38mTO FUEL EXPANSION PLANS 4 International 

AUTONOMOUS MINING VEHICLE DEVELOPER GETS $38mTO FUEL EXPANSION PLANS

Constance
SafeAI, a company that retrofits construction and mining vehicles with aftermarket hardware and proprietary autonomy software, received $38 million in Series B round funding to expand operations and continue developing its technology. Among the firm’s funders are Builders VC, McKinley Management, George Kaiser Family Foundation, and Energy Innovation Capital. At the same time, Moog Inc., a manufacturer of electric, electro-hydraulic and hydraulic motion controls and systems, joined the round as a strategic investor.  “Heavy industry is an enormous global market. Based on data from Australia Mining Consultancy and Parker Bay… Read More Here
GOLD MINED FROM SIM CARDS CAN BE USED TO MAKE PAINKILLERS 5 International Gold You got to know this 

GOLD MINED FROM SIM CARDS CAN BE USED TO MAKE PAINKILLERS

Constance
Researchers from the University of Cagliari in Italy and Imperial College London have developed a method of extracting gold from printed circuit boards, SIM cards and other electronic waste, as well as a process for using recovered gold in the manufacture of medicines. In a paper published in the journal ACS Sustainable Chemistry & Engineering, scientists explain that the extraction method involves selective steps for the sustainable leaching and recovery of base metals like nickel, then copper, silver and, finally, gold, using green and safe reagents. . The gold produced from… Read More Here
Africa’s Energy Sector in Need of Practical, and Not Reactionary, Solutions at the US and African Leaders Summit 6 Energy International 

Africa’s Energy Sector in Need of Practical, and Not Reactionary, Solutions at the US and African Leaders Summit

Constance
We are confident that, like previous meetings between American and African Leaders, the events of the Africa Leaders’ Summit, that took place in Washington, D.C., will show America’s earnest and enduring commitment to Africa in the broad sense. The African Continent, some organizers have said, will shape the future of the world.  We truly believe that the leaders who assembled in Washington have the best intentions in mind. They will be determined to effect positive change on everything from African governance and human rights to food security and education. The… Read More Here
GOVT DOESN'T UNDERSTAND VALUE OF 20% FQM SHARES TO ACCEPT ONLY 3.1% ROYALTY 7 Mining in Zambia Mining tax 

GOVT DOESN’T UNDERSTAND VALUE OF 20% FQM SHARES TO ACCEPT ONLY 3.1% ROYALTY

Constance
A mining expert has questioned the decision by the government to convert the 20% shares ZCCM-IH stake in Kansanshi mine to a Royalty or revenue share of 3.1%, accusing the government negotiating team led by ZCCM – IH chairperson Dorika Banda of seemingly not understanding the value of governments 20% percent shareholding stake and how much it would accrue in terms of the investment in mine project. On Tuesday Finance Minister Dr. Situmbeko Musokotwane announced during a press Briefing in Lusaka in the company of his counterpart Mines Minister Paul… Read More Here
SOKIMO SOURCES FOR 16 MILLION USD 8 Mining in DRC 

SOKIMO SOURCES FOR 16 MILLION USD

Constance
In order to resume production at its industrial gold production plant in the town of Nizi, the Kilo-Moto mining company (SOKIMO) needs 16 million US dollars. With this in mind, this Congolese state company sent one of its administrators to Switzerland as part of the search for financing. According to the Director General of SOKIMO, Pistis Bononga Tokole, the importance of this hydroelectric plant is so crucial that it is absolutely necessary to find the necessary means to rehabilitate it. Before its shutdown, the Power Plant had a production capacity… Read More Here
Most Canadians see clean energy as safer, more affordable than fossil fuels 9 Energy International 

Most Canadians see clean energy as safer, more affordable than fossil fuels

Constance
Two-thirds of Canadians think a clean energy system such as hydro, wind, solar power and electric vehicles would be more affordable than a fossil fuel energy system, a recent survey shows. According to the study conducted by Clean Energy Canada and Abacus Data, such a view is shared by a majority in every region or province, except for Alberta. The survey also shows that over seven in ten Liberal, National Democratic Party and Green Party supporters feel this way, as do four in ten Conservative Party adherents. The poll also… Read More Here
All-Female Crew Completes Planned Maintenance on Cat Truck 10 International Mining Careers 

All-Female Crew Completes Planned Maintenance on Cat Truck

Constance
More than a decade ago, Cat® dealer Ferreyros pioneered the adoption of 400-ton (365-tonne) payload trucks in the Peruvian mining industry, introducing the mechanical drive Cat 797F into its territory. In the last two years, those trucks have been joined by a second Cat truck model with a similar payload: the electric drive Cat 798 AC. Powered by an engine designed for high altitudes, the 798 AC delivers the highest power in its class at 4,150 horsepower. These 410-ton (372-tonne) haulers have been successfully producing in Antamina, Cuajone, Toquepala, Cerro… Read More Here

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