International - Copperbelt Katanga Mining

Panama Not Willing To Expand First Quantum's Copper Mine Operations 1

Panama will not allow Canada’s First Quantum to expand the area of its existing copper mining operations, the deputy environment minister told Reuters, stressing the government’s opposition to the firm’s request to use more land. The comments from Deputy Minister Diana Laguna come as both sides negotiate a new contract for the major copper mine amid a longstanding dispute, with taxes and other payments to the government at the forefront of discussions. “The company has asked for more surface to operate and we have said no,” Laguna said. “They must… Read More Here

Technology & Innovation International

Volvo Shifts Focus From Large Mining Trucks To Smaller Vehicles

January 26, 2023January 26, 2023 Constance

The question of whether bigger means better in mining trucks was raised again recently in a blog post by Uwe Muller, Head of Sales & Marketing Off-Road Solutions at Volvo Autonomous Solutions. Of course one issue with today’s large rigid mining trucks is their CO2 emissions, which motivated a Volvo research project as far back as 2015 on whether these haul trucks could be powered by batteries, thus reducing environmental impact. With the technology available at the time, it was clear that electrification in this format wasn’t a practical option.… Read More Here

Electricity International

Cheneso Cyclone Disrupts Power Supply in Nampula Province of Mozambique

January 26, 2023January 26, 2023 Constance

Tropical Cyclone Cheneso has caused disruptions to electricity supply in the northern Mozambican province of Nampula. The publicly-owned electricity company, EDM, reported that the cyclonic winds have brought down 11 medium voltage pylons in the districts of Nacala-a-Velha and Memba, affecting over 31,270 EDM clients. However, EDM has sent technical teams to the affected areas to restore normal electricity supply as soon as possible. Cheneso formed in the Indian Ocean east of Madagascar over a week ago. Although it was expected to dissipate as it passed over northern Madagascar, it… Read More Here

Cobalt International

Cobalt Demand Positively Impacted By Increasing Sales Of New Energy Vehicles

January 26, 2023January 26, 2023 Constance

According to trade association the Cobalt Institute’s quarterly market update for the fourth quarter of 2022, global new energy vehicle (NEV) sales rose by 56% year-on-year to 3.5-million units, with NEV penetration reaching nearly 20% by December. The report, which was prepared with the help of Wood Mackenzie, notes that the share of cobalt-free chemistries in electric vehicle (EV) battery formulations has increased, with lithium iron phosphate (LFP) now representing more than 30% of the total market. Despite this, cobalt consumption in EVs jumped by more than 60% year-on-year in 2022. Meanwhile,… Read More Here

Gold International

Tanzanian Assets Set Record Production And Secure Long-term Value.

January 26, 2023January 26, 2023 Constance

Barrick’s two gold mines in Tanzania, North Mara and Bulyanhulu, boosted their combined output to 547,0001 ounces in 2022, achieving another step towards their potential Tier One2 status in the group’s asset portfolio as a combined complex. At the same time, exploration is continuing to deliver opportunities to grow the mineral reserves net of depletion at both mines. North Mara’s transition to owner-mining is successfully ramping up its ongoing open pit expansion with improved efficiencies and costs, while technological advances in the underground operation are increasing productivity. The restart of mining at… Read More Here

Copper International You got to know this

Copper Sensor with Flexibility Able To Detect Heavy Metals in Sweat

January 25, 2023January 25, 2023 Constance

An international team of researchers led by the University of São Paulo in Brazil has developed a portable copper sensor that is able to detect heavy metals such as lead and cadmium in sweat. In a paper published in the journal Chemosensors, the scientists explain that heavy metals are present in batteries, cosmetics, food and other things that are part of everyday life. When they accumulate in the human body, however, they can become toxic and cause health problems. “High levels of cadmium can lead to fatal problems in the airways, liver and… Read More Here

Oil & Gas International

Eni CEO proposes increasing African gas imports for Italy

January 25, 2023January 25, 2023 Constance

Italy can significantly increase its gas imports from Africa and transfer some of the supply to northern Europe if it boosts its infrastructure in the next few years, the CEO of energy group Eni ENI.MI Claudio Descalzi told several Italian papers. Speaking from Algiers where he travelled with Italy’s Prime Minister Giorgia Meloni, Descalzi said that Rome could already count on many connections with Africa including the TransMed pipeline linking Algeria to Sicily. “We are the only ones to have a connection with Algeria… which has a capacity of about… Read More Here

International

Eurasian Resources Group enters the Kingdom of Saudi Arabia, plans long-term investment

January 25, 2023January 25, 2023 Johannsen

Foundation for tech-enabled early-stage exploration, collaborative initiatives and local talent acquisition already in place. RIYADH (25 January 2023) – Following the World Economic Forum (WEF) held in Davos last week and the agreements achieved at the Future Minerals Forum in Saudi Arabia, Eurasian Resources Group (“ERG” or “The Group”) discloses its intention to invest in the Kingdom for the long term. A leading diversified natural resources group headquartered in Luxembourg, ERG plans to invest $50 million in the market, with the potential to grow this figure year-on-year. ERG’s market entry… Read More Here

International Electricity News in Brief

Power Outage Plagues Nacala-a-Velha And Memba Districts in Mozambique

January 25, 2023January 25, 2023 Constance

Due to bad weather, the districts of Nacala-à-Velha and Memba in Nampula province have been without electricity from the national grid since Tuesday, January 24th, 2023. Electricidade de Moçambique (EDM) announced in a press release that the supply of electricity was interrupted for 31,276 customers in these districts due to the collapse of 11 medium voltage poles. EDM teams said they are working to restore power to the affected areas as soon as possible. Read More Here

Coal International

Buffalo Coal Dundee Secures USD$30,000,000 from SARB

January 25, 2023January 25, 2023 Constance

Buffalo Coal Corp. has announced that its wholly owned subsidiary, Buffalo Coal Dundee has entered into and received approval from the South African Reserve Bank (SARB) regarding a secured credit facility agreement dated November 7, 2022 and addendum to the facility agreement dated December 29, 2022 with Ikwezi Mining FZE, an affiliate of the company’s majority shareholder, Belvedere Resources. Pursuant to the Credit Agreement, the Lender will make a credit facility available to BCD in the aggregate principal amount of USD$30,000,000, which amount may be drawn in up to ten… Read More Here