International - Copperbelt Katanga Mining

Gold price Regains Ground as US dollar rally cools

March 9, 2023March 9, 2023 Constance

Gold prices regained some ground on Wednesday 8th Mar as the dollar’s rally cooled, but any further advance is likely to be capped with Federal Reserve Chair Jerome Powell signaling more rate hikes. Spot gold rebounded 0.3% to $1,820.31 per ounce by noon ET, after shedding nearly 2% in the previous session. US gold futures ticked 0.1% higher to trade at $1,822.90 per ounce in New York. Meanwhile, the US dollar eased from multi-month highs, making bullion cheaper for overseas buyers. “Gold can rally a lot more on any dovish data than… Read More Here

Battery Metal frenzy outshines Recovery fears at PDAC

March 9, 2023March 9, 2023 Constance

Tepid global demand for metals driven by recession fears and China’s weak economic recovery have done little to shake the belief among miners that battery materials are heading for an epic bull run. That was the sentiment of thousands of executives, investors, government officials and bankers who crammed into a conference center in Toronto for the past four days to showcase their assets, network and strike deals. For the event organizer, the Prospectors & Developers Association of Canada gathering highlighted the industry’s push to be part of the solution in… Read More Here

Battery Metals International

Oyu Tolgoi begins Battery Electric journey with a Normet SmartDrive Utimec

March 9, 2023March 9, 2023 Constance

Oyu Tolgoi in Mongolia, one of the world’s largest copper-gold mines, recently received its first battery-powered mining vehicle for trials – a significant milestone for the underground operation and a testament to the successful collaboration of multiple teams. The machine is a Normet Utimec MF100 Material SD where SD stands for SmartDrive – Normet’s modular Li-ion battery electric vehicle (BEV) architecture designed to optimise energy consumption and performance in underground mining and tunnelling applications. IM understands that the machine is fully owned by Oyu Tolgoi and is just the first of… Read More Here

International Events & Expos

PDAC 2023 Convention welcomes over 23,000 Attendees to premier Mining event in Toronto

March 9, 2023March 10, 2023 Constance

The Prospectors & Developers Association of Canada (PDAC) is thrilled to welcome pre-pandemic levels of attendance back to its annual convention, drawing 23,819 attendees to Toronto for the best business, investment and networking opportunities in the mineral exploration and mining industry. In addition to the more than 1,100 exhibitors covering over 600,000 square feet of the Metro Toronto Convention Centre, governments, companies and leading experts from around the world made this one of the largest events in the association’s 91 years. “There’s never been a more critical time for our… Read More Here

Marula Mining establishes Lithium and Copper subsidiary

March 8, 2023March 8, 2023 Constance

Marula Mining has announced the establishment of Muchai Mining, an 80% owned Zimbabwean operating subsidiary of Marula. Muchai Mining has been established to focus on securing near-term and advanced lithium and copper mining and development opportunities in Zimbabwe’s fast growing and highly attractive battery metals sector. And Jason Brewer, Marula Mining CEO, said, “The decision to establish Muchai Mining is the result of extensive due diligence and careful consideration of various opportunities in the region. Our team has been on the ground since the beginning of the year, and we… Read More Here

International Gold

Gold price falls as Powell Testimony lifts Dollar

March 8, 2023March 8, 2023 Constance

Gold erased all of last week’s gains on Tuesday 28th Feb as the dollar jumped after Federal Reserve Chair Jerome Powell indicated rate hikes could come at a faster pace in his testimony to a congressional committee. Spot gold fell 1.6% to $1,818.96 per ounce by 12:30 p.m. ET, its lowest in a week. US gold futures were down 1.5% in New York to $1,827.10 per ounce. The Fed will likely need to raise interest rates more than expected in response to recent strong data and is prepared to move in larger… Read More Here

International Battery Metals Cobalt Copper Lithium Nickel

Battery metals projects catch eye of Pension funds and Carmakers

March 8, 2023March 8, 2023 Constance

Critical minerals projects are attracting newfound interest from pension funds and automakers to help tackle a looming shortage of battery metals, say some of Canada’s top investment bankers. The rush for metals like lithium, copper and nickel needed to power electric vehicles has “clearly brought the sector into a spotlight that it wasn’t in a few years ago,” Ilan Bahar, global mining co-head at BMO Capital Markets, said during a Monday panel discussion at a mining conference in Toronto. Bank of Montreal’s investment banking business has seen more interest from… Read More Here

International

AFC Partners with Xcalibur for Africa’s Natural Resource Mapping

March 8, 2023March 8, 2023 Constance

Africa Finance Corporation (AFC) the leading infrastructure solutions provider in Africa, and Xcalibur Multiphysics, the worldwide leader in airborne geophysics, have announced their intention to partner on mapping, developing and co-financing natural resource projects that will spur minerals and critical raw materials beneficiation in Africa The primary goal of the alliance is to support the development of the natural resource value chain on the continent, contribute to the energy transition by reducing dependency on fossil fuels and support the path to more diversified and sustainable economies. The partnership was announced at… Read More Here

Battery Metals Corporate News Events & Expos International

PDAC 2023 Launches Amid Critical Minerals Scramble

March 8, 2023March 8, 2023 Constance

PDAC 2023 kicks off amid critical minerals scramble: This year’s Prospectors and Developers Association of Canada (PDAC) convention officially began on 5th march Sunday morning, following a year that has seen the #miningsector attract a new level of attention from governments, #automakers, #battery#manufacturers and more. During the opening ceremony, Julie Dabrusin, parliamentary secretary to the federal minister of natural resources, highlighted how the commitment of 120 countries, including 21 countries from #AFRICA has put the spotlight on #mining. “I think that after a bit of a hiccup with respect to the markets, things have turned,” #PDAC President Alex Christopher said.… Read More Here

International Copper

How zircon helps Identify Untapped Copper deposits

March 6, 2023March 9, 2023 Constance

New research shows that it is possible to mine zircon textures to identify valuable mineral deposits. In a paper published in the Journal of Geophysical Research: Solid Earth, Chetan Nathwani and his colleagues at Imperial College London explain that zircons are common, hardy minerals that can be found in rocks up to 4 billion years old. Their structure and texture can reflect the conditions in which they formed, earning them a reputation as nature’s time capsules. Knowing this, Nathwani and his team developed a method to distinguish minute differences between zircon grains formed… Read More Here