International - Copperbelt Katanga Mining

2023 Outlook for European Copper Markets is Uncertain

January 18, 2023January 18, 2023 Constance

Copper market experts have stated that while there may be difficulties, the outlook for European copper demand in 2023 is not entirely negative A recession is seen as being likely in Europe, sources said, citing inflation, energy prices and a series of other issues that could weaken the region’s economy. So with copper seen as a bellwether of economic strength, concerns about flagging consumer demand and the looming recession mean that European copper premiums are likely to be affected. The European copper market is also relatively tight at present, with imports of… Read More Here

Miners Have To Make Move Into Higher Risk Jurisdictions, ERG CEO Says

January 18, 2023January 18, 2023 Constance

Speaking in an interview with Fastmarkets on Thursday January 11, Benedikt Sobotka, chief executive officer of Eurasian Resources Group (ERG) said that while large, listed miners have historically turned to perceived lower-risk environments such as Canada and Australia, this will need to change because there are vast resources outside those countries. “It forces companies to go into jurisdictions they have historically shied away from and makes it – particularly because of today’s ESG requirements – more difficult to get access and operate,” he said on the sidelines of the Future Minerals Forum… Read More Here

Copper Gold International

Barrick Reports Stronger Q4 Gold Production

January 18, 2023January 18, 2023 Constance

Barrick Gold Corporation yesterday 17.01.2023 reported preliminary full year and fourth quarter 2022 production results. On the back of stronger Q4 production, 13% higher than the previous quarter, preliminary gold production for the full year of 4.14 million ounces was approximately 1% lower than the 4.2 million ounces1 previously guided, while preliminary copper production of 440 million pounds for 2022 was in line with the guidance range of 420 to 470 million pounds. The preliminary Q4 results indicate that the company sold 1.11 million ounces of gold and 99 million pounds… Read More Here

Copper International

FQM Announces 2022 Preliminary Production and 2023-2025 Guidance-update

January 18, 2023January 18, 2023 Constance

First Quantum Minerals Ltd. releases preliminary production figures for Q4 of 2022 and provides guidance for production, capital expenditure and costs for 2023 to 2025. The CEO of First Quantum Minerals, Tristan Pascall, said that the company’s focus on operational improvements has led to a strong end of 2022. He added that the company is closely monitoring macroeconomic conditions and that debt reduction remains a priority. Pascall also said that disciplined and responsible growth are a focus for the company and that the CP100 Expansion is on schedule for 2023… Read More Here

International Diamond

Diamond Discovery Offers New Understanding of Earth’s Geological Processes

January 17, 2023January 17, 2023 Constance

A recent paper published in the journal Nature points to a “superdeep” diamond recovered in Kankan, Guinea, as the messenger of new information about plate tectonics, the geological processes that give rise to mountains, oceans and continents. The purity of the olivine, as well as some of the other minerals that were inclusions in the precious rock, indicate a much deeper origin than usual for a diamond, between what is called the transition zone and the lower zone. of the mantle – 420 kilometers to 660 kilometers below the surface… Read More Here

Battery Metals International

Will Lithium Supply Meet Soaring Demand?

January 17, 2023January 17, 2023 Constance

An ever-growing appetite for the key battery metal is raising questions about a supply–demand balance in the market. As the world moves towards a decarbonised future, it is becoming increasingly clear that mining – namely its ability to extract vital future-facing minerals from the ground – will play a significant role in that journey. Lithium is among the most important of these minerals. A lightweight metal used in the cathodes of lithium-ion batteries, which power electric vehicles (EVs), lithium demand has increased significantly in recent years – it is expected to reach… Read More Here

Copper International

An increase of 26% In Copper Production In Botswana Due To Robust Global Demand For The Metal.

January 17, 2023January 17, 2023 Constance

Local Production of Copper in Concentrates increased by 26.0 percent (1,957 tonnes) from 7,517 tonnes during the third quarter of 2021 to 9, 474 tonnes during the the third quarter of 2022, Statistics Botswana reported recently. The quarter-on-quarter analysis alsoshows that production increased by 13.8 percent (1,150 tonnes) during the third quarter of 2022 compared with 8, 324 tonnes produced during the second quarter of 2022. The increase was mainly attributed to the availability of efficient machinery coupled with strong demand for the commodity in the international market. Botswana ‘s… Read More Here

Copper International

Cobre Panama Project Risks High for First Quantum Minerals

January 17, 2023January 17, 2023 Constance

Summary First Quantum Minerals is a C$21B Canadian copper miner with assets in Africa, Europe, Australia and Latin America. The company has strategic ambitions to produce 1Mt of copper in the near future. Yet wide ranging issues, particularly linked to a public spat with the Panamanian government may lead to a sizable reduction in volumes. Company Overview First Quantum is a Canada based copper focused miner with South African heritage and a focus on expanding its nickel portfolio. Its operations spanning parts of Africa, Europe, Asia, Australia, and Latin America… Read More Here

Battery Metals Exploration International

Leo Lithium’s Goulamina Resource increased to 142.3 Mt

January 17, 2023January 17, 2023 Constance

Leo Lithium has revealed a significant improvement to the estimated mineral resources of its Goulamina Lithium Project in Mali. A resource definition drilling campaign was undertaken in H2 2022 on pegmatite dykes in the south-west of the Goulamina Lithium Project, part of the Danaya Domain (Danaya). The recently completed assessment of drilling results and the updated MRE for Danaya has increased the Danaya MRE by 152%, from 22.3 Mt to 56.1 Mt and the total Goulamina resource base by 31% from 108.5 Mt at 1.45 % Li2O to 142.3 Mt.… Read More Here