International - Copperbelt Katanga Mining

Glencore’s 2022 Output of Cobalt, Oil, Nickel, and Ferrochrome Rises

February 3, 2023February 3, 2023 Constance

Mining and marketing company Glencore produced 40% more cobalt last year, along with 16% more oil, 5% more nickel and 1% more ferrochrome. Although coal production of 110-million tonnes was 6.7-million tonnes higher, on a like-for-like basis, overall group coal production fell by 7%, primarily owing to wet weather challenges and an extended community blockade in Colombia, where Glencore now owns 100% of Cerrejón. Following the restart of the Mutanda mine in the Democratic Republic of Congo (DRC), the London- and Johannesburg-listed company last year produced 43 800 t of cobalt, 12 500 t more… Read More Here

Copper International

Copper’s Fight for Critical Mineral Status Gets Political Push

February 3, 2023February 3, 2023 Constance

Some of the biggest names in copper have found high-ranking political allies to support their efforts to get the wiring metal added to a list of minerals deemed critical to the US. Senator Kyrsten Sinema, an Independent from Arizona, sent a letter with other lawmakers on Thursday urging Interior Secretary Deb Haaland to “revisit and reconsider the designation of copper as a critical mineral.” Signers included other senators whose home states are hubs of copper production and manufacturing, including Mark Kelly of Arizona, Joe Manchin of West Virginia, Indiana’s Mike… Read More Here

Copper International

First Quantum to Hold Board Meeting in Panama

February 2, 2023February 2, 2023 Constance

Directors of First Quantum Minerals will meet in Panama this week for a board meeting, a source close to the Canadian company said yesterday 01.02.2023, in the midst of a longstanding dispute over its contract with the government to operate a major copper mine. Panama’s government and First Quantum are negotiating a contract for the operations of the Cobre Panama mine, with taxes and royalties at the forefront of discussions. The board meeting had been previously scheduled, and there are no plans at this time for executives to meet with… Read More Here

Battery Metals International Lithium

General Motors invests $650mn in US lithium mine to secure EV battery materials

February 2, 2023February 2, 2023 arnbethnic

General Motors will invest $650mn in a US lithium mine, a record investment by a carmaker to secure the raw materials used in electric vehicle batteries. The US group will make an initial investment of $320mn by mid-2023 in return for exclusive rights to the first stage of lithium production at Lithium America’s Thacker Pass in the US state of Nevada and almost 10 per cent of the miner’s shares, with a further $330mn to follow later on. “It’s a landmark transaction, and it certainly won’t be the last major… Read More Here

Gold International

Gold Demand Reaches Decade-High in 2022 Annual Report

February 1, 2023February 1, 2023 Constance

The World Gold Council’s latest Gold Demand Trends report reveals that annual gold demand (excluding OTC) in 2022 increased by 18% year-on-year, hitting 4,741t – the highest annual total since 2011. Boosted by a record fourth quarter, demand for gold was propelled by hefty centralbank-buying and persistently strong retail investment. Annual central bank demand more than doubled to 1,136 t in 2022, up from 450 t the year before and to a new 55-year record high. Purchases in Q4 2022 alone reached 417 t, bringing the total for the second… Read More Here

Gold International

Barrick’s Loulo-Gounkoto Complex Continues to Deliver Value

January 31, 2023January 31, 2023 Constance

Seventeen years after it went into production, Barrick’s Loulo-Gounkoto mining complex in Mali continues to demonstrate its value as a key socio-economic partner to the country. In 2022 it maintained its historically consistent performance by meeting its production guidance and solidified its long-term outlook and is expected to replace its mined ounces for the fourth successive year. The initial development of a third underground mine at Gounkoto was commissioned and is on track to start ore production from stopping in the second quarter of this year. Key geological structures within… Read More Here

Energy International

Anglo American’s New LNG Vessel Loads first Iron Ore Cargo

January 30, 2023January 30, 2023 Constance

Anglo American’s newly launched LNG dual-fuelled Capesize+ vessel, the Ubuntu Harmony, has loaded its first cargo of iron ore from its Kumba operations in South Africa. The vessel is the first of ten LNG dual-fuelled new-build ships that Anglo American will introduce to its chartered fleet during the course of 2023 and 2024, delivering an estimated 35% reduction in CO2 emissions compared to ships fuelled by conventional marine oil fuel. The use of LNG will also lead to a significant reduction of nitrogen oxides and particulate matter from vessel exhausts,… Read More Here

Battery Metals International

First 1,000 Tonnes Of Lithium To Be Produced At Marula’s Blesberg Mine.

January 27, 2023January 27, 2023 Constance

Marula Mining, an African mining and development company, has announced the start of mineral processing at the Blesberg Lithium and Tantalum Mine in South Africa. The initial delivery of 1,000 tonnes of high-grade lithium ore is set to begin. The processing operations, which began in November 2022, are focused on reprocessing existing stockpiles to produce a commercial grade lithium ore of between 4.00% and 5.50% Li2O, and to remove the stockpiles to allow for drilling and feasibility study work to potentially establish a long-term lithium mining operation. And The CEO… Read More Here

Copper Cobalt International

Glencore Joins World’s First Battery Passport Pilot

January 27, 2023January 27, 2023 Constance

Global miner and commodity trader Glencore has now become part of the world’s first battery passport proof of concept launched by the Global Battery Alliance. “We spearheaded the first pilot passport leveraging the Resource platform in collaboration with Glencore’s Kamoto Copper Company SA, LG Energy Solution and Tesla,” Glencore stated in a media release. “As the world seeks to address climate change, minerals are set to play a pivotal role in decarbonizing energy consumption and mobility. At the same time, society’s expectations with respect to environmental and social performance of companies continue… Read More Here

Gold Battery Metals Coal International

Metals And Mining Industry Pessimistic About Global Growth

January 27, 2023January 27, 2023 Constance

More than half (52%) of CRU clients in the metals and mining industries expect global GDP to grow by no more than 1% in 2023, according to CRU’s annual macroeconomic survey of clients, which polled global clients from the metals and mining industries in December 2022. The outlook is bleaker than CRU’s forecast for global GDP growth in 2023, which sits at 1.6%. Inflation, energy prices and the Russia-Ukraine war continue to shape global markets and remain front of mind heading into 2023. In addition to the stark outlook for… Read More Here