International - Copperbelt Katanga Mining

Bolloré Africa Logistics rebranded to Africa Global Logistics (AGL) 1

On March 30, 2023, Bolloré Africa Logistics revealed its new brand. The company will now operate under the name AGL, which stands for Africa Global Logistics. The announcement was made in the presence of MSC leaders. In December of the previous year, the Bolloré Group, the leader in transport and logistics on the African continent, sold its activities for 5.7 billion euros to the giant MSC. AGL, within the MSC Group, aims to continue to contribute to the sustainable transformation of Africa and emerging markets. The company wants to support… Read More Here

Gold International

Barrick Steers Porgera Gold Mine Back Towards World-Class Production

March 31, 2023March 31, 2023 Constance

The government of Papua New Guinea, Barrick Niugini Limited and New Porgera Limited yesterday 3oth March signed an agreement to progress with the resumption of operations at the Porgera gold mine, which have been suspended since 2020.1 Porgera hosts an orebody with measured and indicated resources of 10 million ounces2 and inferred resources of 3.4 million ounces.2 After initial ramp up and optimisation of the Wangima pit, the mine is forecast to produce an average of 700,000 ounces per year, achieving a milestone towards its potential Tier One3 status. The New Porgera Progress… Read More Here

Battery Metals Cobalt Copper International

Value of Battery metals in newly-sold EVs tripled on rampant lithium, nickel prices

March 29, 2023March 29, 2023 Constance

The EV Metal Index, which tracks the value of battery metals in newly registered passenger EVs (including full battery, plug-in and conventional hybrids) around the world, totalled $26.9 billion in 2022, an increase of 232% compared to the prior year. That figure means as much EV battery metal business was done in 2022 than the combined total of the preceding five years. And that came despite pandemic lockdowns for most of the year in the world’s largest EV market and turmoil in Europe, the world’s no. 2 electric car market,… Read More Here

International

Majority of Mining projects in Bengo, Angola, Currently at a standstill

March 29, 2023March 29, 2023 Constance

The deputy governor for the Technical and Infrastructure sector of Bengo, Edson Cruz, said Wednesday 22nd March in Caxito that, since 2022, a total of 38 mineral exploration companies have been registered in the province, of which only 19 are are in full operation. He added that, in 2022, a volume of 837,086 cubic meters of minerals was produced, which allowed the collection of a total of 72,609 million kwanzas. He also referred that, considering the socio-economic activity of Bengo province to be, essentially, agricultural, the local Government sees with… Read More Here

Copper International

Copper Prices could soar 33% in the next year due to low global Inventories

March 26, 2023March 26, 2023 Constance

Copper prices could spike over the coming year as growing demand from China puts stress on already-thin inventories, according to top metal trader Trafigura. The economic-bellwether commodity currently trades at around $9,000 per metric ton and will likely top the record of $10,845 to potentially go as high as $12,000, said Kostas Bintas, co-head of metals and minerals at Trafigura, at the FT Commodity Global Summit. “I think it’s very likely in the next 12 months that we will see a new high,” he said, according to the Financial Times. “What’s… Read More Here

Copper Corporate News International

Glencore trolley assist pilots set for its South American Copper mines

March 26, 2023March 26, 2023 Constance

Its just released 2022 Climate Change Report, global diversified miner Glencore outlines some details with regard to its approach, both near and long term, to reducing its Scope 1 carbon emissions. It says: “While most of our more immediate abatement opportunities are associated with the reduction of our Scope 2 emissions, we have identified several opportunities to reduce our Scope 1 emissions. These include operational efficiency improvements across all commodity departments that may result in, for instance, reduced diesel use, displacement of diesel with alternative fuels such as biodiesel and… Read More Here

International Battery Metals Cobalt Copper Nickel

Seafloor Mining lowers Battery metals’ Environmental impact, study finds

March 26, 2023March 26, 2023 Constance

The Metals Company (TMC) on Tuesday 21st of March released the results of a lifecycle assessment of the environmental impacts of the company’s NORI-D Polymetallic Nodule Project carried out by Benchmark Mineral Intelligence. TMC’s project in the Clarion Clipperton Zone (CCZ) in the Eastern Pacific Ocean, between Hawaii and Mexico aims to bring online the planet’s largest undeveloped deposit of battery metals. The nickel, cobalt, manganese and copper are found in potato-sized rock-like nodules The Benchmark study assessed, among others, the global warming potential, acidification, eutrophication, particulate matter formation and… Read More Here

Nickel International

Nickel price slumps as Global production soars

March 25, 2023March 25, 2023 Constance

Chicanery on the London Metal Exchange aside, global nickel mining is in rude health. At the current pace, mined nickel output is set to exceed 3.2 million tonnes per year. The jump was driven primarily by continued gains in Indonesian production which increased by over 41% compared to the same month last year. Refined nickel demand shrunk by 5% in January and rose by a more modest 2% compared to 2022. The January figures translate to annual demand of 2.8 million tonnes, to give an apparent market surplus of 255,000 tonnes,… Read More Here

International Battery Metals

Small Scale Miners Strangulated By Lithium Blanket Ban in Zimbabwe

March 22, 2023March 22, 2023 Constance

In an appeal to the govt, the Zimbabwe Miners Federation (ZMF) president Henrietta Rushwaya said the unexpected Statutory Instrument (SI) 5 of 2023 — Base Minerals Export Control (Unbeneficiated Base Mineral Ores), in particular, in the export of raw lithium ore, had grounded miners’ business life. In the appeal, she stated that the unexpected ban has prejudiced standing off-take agreements between miners and international buyers some of whom had taken loans from their respective countries to finance trade in these minerals. Some miners have found themselves stuck with huge stockpiles… Read More Here

International Battery Metals

Global Carmakers now target $515 billion for EVs, batteries

March 22, 2023March 22, 2023 Constance

Global automakers are planning to spend more than half a trillion dollars on electric vehicles and batteries through 2030, according to a Reuters analysis, amping up investments aimed at weaning car buyers away from fossil fuels and meeting increasingly tough decarbonization targets. Less than three years ago, a similar analysis by Reuters found car companies planned to spend $300 billion on EVs and related technologies. But looming zero-carbon mandates in cities such as London and Paris and countries from Norway to China have lent additional urgency to the industry’s EV-related investment commitments. The most… Read More Here