Covid-19 - Copperbelt Katanga Mining

Copper price extends decline on fears over fourth covid-19 wave

August 18, 2021August 18, 2021 Janet

The copper price extended its decline on Tuesday, after dropping the most in nearly two weeks in the previous session, on investors’ concerns about subdued global macroeconomic outlook due to a fresh surge in coronavirus cases in Europe and North America. Copper for delivery in September fell 2.2% from Monday’s settlement price, touching $4.23 per pound ($9,306 per tonne) on the Comex market in New York. The most-traded September copper contract on the Shanghai Futures Exchange fell 0.6% to 69,820 yuan ($10,777.35) a tonne, tracking overnight losses in London. As a… Read More Here

Covid-19

Africa: Continent Nears 50 Million Covid-19 Vaccinations

August 10, 2021August 10, 2021 Janet

As of August 10, confirmed cases of Covid-19 from 55 African countries reached 7,053,114 while over 49,798,860 vaccinations have been administered across the continent. Reported deaths in Africa reached 178,168 and 6,169,946 people have recovered. South Africa has the most reported cases 2,540,222 and 75,012 people died. Other most-affected countries are Morocco (701,325), Tunisia (613,628), Egypt (284,789), Ethiopia (284,531), Libya (269,847) and Kenya (212,573). The numbers are compiled by the Center for Systems Science and Engineering (CSSE) at Johns Hopkins University (world map) using statistics from the World Health Organization and other international institutions as well… Read More Here

Mining Companies Covid-19

Glencore to return $2.8bn to shareholders in 2021

August 5, 2021August 5, 2021 Janet

Glencore will return $2.8 billion to shareholders in 2021 after soaring commodity prices helped the mining and trading company to a record performance for the first six months of the year, it said on Thursday. The London-listed company joins rivals Rio Tinto and Anglo American in declaring bonanza payouts after record half-year profits buoyed by a rebound in demand for commodities. “Following COVID-19’s severe global impacts in early 2020, the subsequent economic recovery has seen prices of most of our commodities surging to multi-year highs,” said Glencore CEO Gary Nagle,… Read More Here

Covid-19 Mining technology

Metso Outotec flags 2nd half growth with orders jump

August 5, 2021August 5, 2021 Janet

Finnish mining equipment maker Metso Outotec on Wednesday missed expectations for second-quarter operating profit but reported a jump in orders driven by rebounding metals markets and broad economic recovery. The group’s order intake, an indication of future revenue, grew 43% from the pandemic-hit quarter last year to 1.36 billion euros ($1.61 billion). “Market activity is at a very high level which is visible in our orders,” chief executive Pekka Vauramo told Reuters. He added, however, that the coronavirus pandemic and container shortage still had an impact, weighing especially on Metso’s maintenance business.… Read More Here

Covid-19

Africa: Continent Nears 6.9 Million Confirmed Cases of Covid-19

August 4, 2021August 4, 2021 Janet

As of August 4, confirmed cases of Covid-19 from 55 African countries reached 6,810,542 while over 48,388,948 vaccinations have been administered across the continent. Reported deaths in Africa reached 172,799 and 5,961,968 people have recovered. South Africa has the most reported cases 2,470,746 and 72,992 people died. Other most-affected countries are Morocco (642,683), Tunisia (596,775), Egypt (284,415), Ethiopia (281,300), Libya (258,467) and Kenya (205,356). The numbers are compiled by the Center for Systems Science and Engineering (CSSE) at Johns Hopkins University (world map) using statistics from the World Health Organization and other international institutions as well as national… Read More Here

Cobalt Covid-19

Civil unrest in South Africa, covid-19 may push cobalt prices up — report

July 31, 2021July 31, 2021 Janet

Civil unrest in South Africa, a third wave of covid-19 and supply curbs in the Democratic Republic of Congo may push cobalt prices up to $25 per pound through 2021 from the current average of $23.94 per pound, according to a new report published by Fastmarkets. Author William Adams, head of commodity markets research, believes that continued protests in South Africa — a major transportation route for cobalt mined in the DRC — may hinder miners’ ability to deliver their product to international customers, thus affecting supply. More than 70 people… Read More Here

Covid-19 Diamond

Angola produced 3.1 million carats of diamonds in the first 4 months of 2021

July 30, 2021July 30, 2021 Janet

Angola produced a total of 3.1 million carats of diamonds (620 kg) from January to April this year, international media reported on Thursday, citing a government official. This figure is reasonable, given the impact of the COVID-19 pandemic, said Alexandre Garrett, director of the Planning and Statistics Office of the Ministry of Mineral Resources, at a local forum on the banking sector and the ‘mining. Angola will continue to support operators to increase diamond production and reach the target of 9.1 million carats (1,820 kg) by 2022, added Garrett. For… Read More Here

Covid-19

Africa: Continent Exceeds 6,5 Million Confirmed Cases of Covid-19

July 28, 2021July 28, 2021 Janet

As of yesterday July 27 confirmed cases of Covid-19 from 55 African countries reached 6,502,260 while over 41,619,926 vaccinations have been administered across the continent. Reported deaths in Africa reached 165,250 and 5,661,822 people have recovered. South Africa has the most reported cases 2,383,490 and 70,018 people died. Other most-affected countries are Morocco (581,477), Tunisia (573,394), Egypt (284,059), Ethiopia (278,717), Libya (236,961) and Kenya (197,959). The numbers are compiled by the Center for Systems Science and Engineering (CSSE) at Johns Hopkins University (world map) using statistics from the World Health Organization and other international institutions as well as… Read More Here

Covid-19

Africa: Nearly 6.4 Million Covid-19 Cases Across Continent

July 23, 2021July 23, 2021 Janet

As of July 23 confirmed cases of Covid-19 from 55 African countries reached 6,368,328 while over 41,619,926 vaccinations have been administered across the continent. Reported deaths in Africa reached 161,593 and 5,574,826 people have recovered. South Africa has the most reported cases 2,342,330 and 68,625 people died. Other most-affected countries are Morocco (567,758), Tunisia (558,306), Egypt (283,906), Ethiopia (278,105), Libya (227,433) and Kenya (195,111). The numbers are compiled by the Center for Systems Science and Engineering (CSSE) at Johns Hopkins University (world map) using statistics from the World Health Organization and other international institutions as well as… Read More Here

Copper Covid-19 International

Copper price falls amid covid-19 worries

July 20, 2021July 20, 2021 Janet

The copper price fell on Monday as the dollar hovered near its highest levels in months, making greenback-priced metals more expensive and less appealing to holders of other currencies. Daily new coronavirus infections have been surging from the United States and Europe to Asia due to the spread of the Delta variant, making investors nervous about the global economic recovery and putting money into safe haven assets. Copper for delivery in September fell 2.7% from Friday’s settlement price, touching $4.204 per pound ($9,248 per tonne) midday Monday on the Comex… Read More Here