International - Copperbelt Katanga Mining

The Price Of Gold At More Than 1900 USD Per Ounce

January 15, 2023January 15, 2023 Constance

On Friday 13.01.2023 gold prices reached an eight-month high, surpassing the crucial $1,900 mark, as a decrease in US inflation increased the likelihood of a slower pace of interest rate hikes from the Federal Reserve. Spot gold increased by 0.9% to $1,914.42 per ounce, reaching its highest point since April 2022. Similarly, U.S. gold futures rose by 0.9% to $1,916.20 per ounce at the close of trading. The US dollar weakened following the inflation report and is on track for its worst week in over a month, making gold less… Read More Here

Electricity International

Mozambique To Experience 12% Decline in Electricity Production In 2023

January 13, 2023January 15, 2023 Constance

Mozambique’s electricity production is projected to drop by 12% in 2023, compared to the forecasts for 2022, which saw a 1% decrease in production. This decline is mainly due to the downward forecast for production at the Cahora Bassa Hydroelectric Plant (HCB), which will account for 77% of the production and export structure. This information is contained in the Economic and Social Plan and State Budget (PESOE) 2023, which was approved by the Assembly of the Republic on December 9 of last year. According to the document, HCB anticipates a… Read More Here

Battery Metals International You got to know this

Study Says Vanadium Redox Flow Batteries Have a Smaller Carbon Footprint Compared to Lithium-ion Batteries

January 13, 2023January 13, 2023 Constance

A life-cycle assessment (LCA) study executed by the independent consulters Denkstatt, Vienna, for Enerox / CellCube, reveals that Vanadium Redox Flow Batteries excel with a highly favorable environmental footprint for large-scale energy storage solutions compared to lithium-ion battery technology. Battery energy storage systems (BESS) are important puzzle pieces of the energy transition – the technology even accelerates the roll-out of Solar/PV and wind power deployments. Lithium-ion and Vanadium Redox Flow Batteries (VRFB) are the two key BESS technologies that dominate the battery energy storage market.For the new ESG reporting requirements… Read More Here

Gold Drilling International

BEMETALS FURTHER EXTENDS SETA VEIN AND ADVANCES ALL KAZAN GOLD PROJECTS IN JAPAN

January 13, 2023January 13, 2023 Constance

BeMetals is pleased to announce it has further extended the Seta Vein with recently received assay results for drill holes KT22-13 to KT22-15 from its ongoing diamond drilling program at the Kato Gold Project (“Kato” or the “Property”) in Hokkaido. The Company also provides a summary of progress for all its Kazan gold projects in Japan. John Wilton, President and CEO of BeMetals stated, “We are pleased that the Company’s latest drilling results at the Kato Project successfully extended the Seta Vein Zone some 400 metres along strike from the… Read More Here

Copper International

Panama Accuses First Quantum of Deceiving Investors

January 12, 2023January 12, 2023 Constance

The government of Panama expressed its discontent on Wednesday 11.01.2023 with the latest investor update given by First Quantum Minerals (TSX: FM) about the Cobre Panama contract negotiations, saying it contained several inaccuracies that could misguide investors. The Canadian miner’s chief executive officer, Tristan Pascall, said on Tuesday 10.01.2023 that the parties had made significant progress in resolving the dispute over a new contract that would increase royalties paid by the company. The country’s Minister of Commerce and Industry Federico Alfaro noted that the government believes that the company’s most recent contract proposals had… Read More Here

International Coal Energy

Global Coal Demand Set To Rise Amid Upheaval Of The Energy Crisis

January 12, 2023January 12, 2023 Constance

Coal markets have been shaken severely in 2022, with traditional trade flows disrupted, prices soaring, and demand set to grow by 1.2%, reaching an all-time high and surpassing 8 billion tonnes for the first time. In last year’s annual market report, Coal 2021, we said that global coal demand might well reach a new peak in 2022 or 2023 before plateauing thereafter. Despite the global energy crisis, our overall outlook remains unchanged this year, as various factors are offsetting each other. Russia’s invasion of Ukraine has sharply altered the dynamics… Read More Here

International Gold

Gold Value Decreases as Investors Wait for Information on Inflation.

January 12, 2023January 12, 2023 Constance

Gold stopped increasing in value on Wednesday 11.01.2023 as investors wait for new data on US inflation that could give clues about the Federal Reserve’s future actions. It is thought that the rate of interest hikes will slow down. Spot gold went down by 0.2% to $1,874.57 per ounce by 1:15 p.m. ET, after reaching a new eight-month high of $1,886.59 earlier in the session. However, US gold futures went up by 0.2% and were trading at $1,879.90 per ounce. Prices were… Read More Here

Copper International

Barrick Broadens Copper Base in Saudi Arabia

January 12, 2023January 12, 2023 Constance

Barrick Gold Corporation yesterday 11.01.2023 signed new joint venture agreements with Ma’aden for two prospective exploration projects comprising the Jabal Sayid South and Umm Ad Damar license areas. These new prospective joint ventures significantly expand Barrick’s exploration footprint in Saudi Arabia, grow the Ma’aden Barrick partnership and open up potential synergies with the neighboring Jabal Sayid mine, an already successful 50/50 joint venture between Barrick and Ma’aden. From 2018 to 2021 production at Jabal Sayid increased from 110 million pounds to 152 million pounds per annum1 as a result of improved… Read More Here

International Battery Metals

AfriTin Mining Begins Trading as Andrada Mining

January 12, 2023January 12, 2023 Constance

AfriTin Mining has announced, further to its announcement of 5 January 2023, the Registrar of Companies in Guernsey has confirmed the name change from Afritin Mining to Andrada Mining. Accordingly, the change of name will take effect, and dealings under the new company name of Andrada Mining began at 08h 00 11.01.2023 As previously announced, the name Andrada reflects the company’s expanding lithium and tantalum resources alongside its existing tin production. The new name originates from José Bonifácio de Andrada e Silva, the Brazilian mineralogist and professor who first discovered petalite… Read More Here

International Copper

Panama Demands $375 Million Payment From First Quantum in contract Dispute For 2022.

January 12, 2023January 12, 2023 Constance

Panama’s Commerce Minister announced on Wednesday 11.01.2023 that Canadian mining company First Quantum Minerals is obligated to make a $375 million payment for its operations in 2022. The Minister also stated that the government has retained advisors to explore options if an agreement on the contract cannot be reached. The government of Panama and First Quantum have been in talks to establish a contract for the country’s largest mine since late 2021, following a ruling from the top court that the previous contract was unconstitutional. Fernando Alfaro, the Minister of… Read More Here