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Category: Emeralds

BHP becomes world’s top copper producer 1 Emeralds International 

BHP becomes world’s top copper producer

Copperbelt Katanga News
BHP Group on Monday became the world’s largest copper mine based on production after Chile’s copper commission announced a slide in output at state-owned Codelco. Hampered by declining grades Codelco production declined by 5.6% or about 100,000 tonnes  last year. Overall, Codelco, nationalized in the early 1970s, churned out 1.706 million tonnes of copper, the lowest level since 2008, when output was at 1.55 million tonnes. Last month, the world’s number one mining company, BHP, reported robust six months to end December numbers from its copper operations, including at Escondida… Read More Here
Zambia-Vedanta row escalates, minister calls company “criminal” 2 Emeralds Mining in Zambia 

Zambia-Vedanta row escalates, minister calls company “criminal”

Copperbelt Katanga News
Zambia has continued its attacks on miner Vedanta, owned by Indian mining magnate Anil Agarwal, saying the company has been involved in criminal activities, including underpaying taxes and breaking investment promises. “Zambia is a victim and it needs support,” mining minister Richard Musukwa told delegates at the African mining indaba in  Cape Town, the continent’s largest gathering of professionals from the resource extraction sector. “We deserve African and international support to make sure Vedanta pays the price.” He was referring to a bitter row with the mining company that broke… Read More Here
Scientists propose framework to mitigate mining’s impact on climate change 3 Emeralds International 

Scientists propose framework to mitigate mining’s impact on climate change

Copperbelt Katanga News
The copper industry in Chile was used as a case study because fuel consumption increased by 130% and electricity consumption increased by 32% per unit of mined copper from 2001 to 2017, largely due to decreasing ore grade. A new framework that will allow mining companies to better monitor, gather and assess emissions data, as well as to identify measurement gaps and evaluate and apply mitigation strategies, is expected to help reduce the industry’s impact on climate change. Developed by researchers at the University of Queensland and presented in a paper in Nature… Read More Here
Copper price & coronavirus: Don’t expect small SARS-like impact 4 Copper Emeralds International 

Copper price & coronavirus: Don’t expect small SARS-like impact

Copperbelt Katanga News
Downward spiral. Worker repairing machinery in Tangshan, Hebei Province, China. Image: junrong The copper price continued to recover on Thursday as investors bet on a quick bounce back in economic activity in China once the viral outbreak is brought under control. After bottoming on Monday below $2.50 a pound, the lowest since May 2017, copper has rebounded by more than 5% to trade as high as $2.6225 a pound ($5,780 a tonne) in New York on Thursday. In a note, Capital Economics says the gains may be speculative based on some investors’… Read More Here
Decision Inc. transforms ERGA mining operations with D365FO Internal Stores Requisition Management solution 6 Cobalt Emeralds Mining in DRC 

Decision Inc. transforms ERGA mining operations with D365FO Internal Stores Requisition Management solution

Copperbelt Katanga News
Microsoft partner Decision Inc. has implemented the Dynamics 365 Internal Stores Requisition Management (ISRM) solution at Eurasian Resources Group Africa (ERGA) to automate its inventory management and improve the operational efficiency of its mines throughout the continent. The Eurasian Resources Group (ERG) is a leading diversified natural resources group. ERG Africa (ERGA) operates all the assets of ERG assets in Africa. In the Democratic Republic of the Congo (DRC), ERGA mines cobalt and copper and produces cobalt hydroxide and copper concentrate. Apart from its core cobalt and copper business, the… Read More Here
congo cobalt ore Cobalt Emeralds Mining in DRC 

DRC aims for control of artisanal cobalt supply

Copperbelt Katanga News
  The Democratic Republic of Congo has granted a monopoly to a new state-owned company that is being set up to buy and market all cobalt in the country that is not mined industrially. According to a Reuters report, the move  is a bid aimed at controlling  to the entire artisanal supply chain and boost government revenue through control of prices. Another aim is to exert greater state oversight of working conditions in the artisanal sector, which has been plagued by instances of child labour and other abuses. This move … Read More Here
DRC signs an agreement to renovate the old Mpiana-Mwanga hydroelectric plant 7 Copper Emeralds Mining in DRC 

DRC signs an agreement to renovate the old Mpiana-Mwanga hydroelectric plant

arnbethnic
The government of the Democratic Republic of Congo has signed an agreement with AVZ Minerals to investigate a possible renovation of the old Mpiana-Mwanga hydroelectric plant. The Ministry of Hydraulic Resources and Energy made the announcement and said that the memorandum of understanding has paved way for carrying out feasibility studies. The plant is located 85 km from the Manono lithium and tin project. The Mpiana Mwanga Hydroelectric plant was originally established in 1993 to support a local tin mine but was later destroyed in 1982 after the mine was… Read More Here
Cobalt in DRC Cobalt Copper Emeralds Iron Mining in DRC 

ERG suspends Zambia refinery on shortage of cobalt, copper concentrates

arnbethnic
Eurasia Resources Group’s (ERG) Africa unit said on Thursday it will suspend operations at Chambishi Metals in Zambia due to a shortage of copper and cobalt concentrates required to produce cathode.   Chambishi plant. Image by Eurasian Resources. Zambia, Africa’s second-largest copper producer, has introduced a 5% import tax on raw materials which has hobbled the flow of concentrates from mines in neighbouring Democratic Republic of Congo. “It was not possible to locate appropriate feedstock in Zambia. We are in the process of placing the plant on care and maintenance,” ERG… Read More Here
Lookout for These Five Copper Price Trends in 2020 9 Copper Emeralds International Mining in Zambia 

Lookout for These Five Copper Price Trends in 2020

arnbethnic
Looking ahead to 2020, copper is facing a very balanced market. Investors’ positive sentiment regarding copper fundamentals is currently supporting higher prices, Wood and Metal Mining research and advisory group Wood Mackenzie said in a research note on Wednesday. The stronger growth in demand will be underpinned by new semi-finished product capacities, while the growth of the mine supply will depend on both projects and existing mines. The recent approval of new standards for re-categorizing copper scrap in China could determine the mix of copper raw material imports into the… Read More Here
Gecamines chairman Yuma heaps praise on Deziwa JV as China strengthens DRC hand 10 Emeralds Iron Mining in DRC 

Gecamines chairman Yuma heaps praise on Deziwa JV as China strengthens DRC hand

arnbethnic
  ALBERT Yuma, chairman of the Democratic of Congo’s (DRC’s) state-owned base metals company Gecamines, heaped praise on the firm’s joint venture with China Nonferrous Metal Mining Company (CNMC) owing to the nature of the association. Unlike joint ventures with other companies in the country, the arrangement with CNMC left Gecamines “… the only masters on board”, said Yuma in an article by Reuters. Yuma was commenting following the opening of Deziwa, a copper and cobalt mine in which Gecamines has a 49% stake.I By contrast, Gécamines holds just 25%… Read More Here

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