You are here

Category: International

Gold Price Dips From Six-month Peak On Short-Term Profit Taking 1 Gold International 

Gold Price Dips From Six-month Peak On Short-Term Profit Taking

Constance
Gold prices eased off on Wednesday 28.12.2022 after reaching a six-month peak last session as the market booked short-term profits while seeking fresh drivers. Spot gold fell 0.6% to $1,801.21 per ounce by 11:40 a.m. ET, while three-month US gold futures declined 0.8% to trade at $1,808.80 per ounce. Bullion’s losses were capped by a drop in both Treasury yields and the dollar, which kept prices above the $1,800 an ounce level throughout the session. “You’re seeing a corrective pullback, some profit taking from… Read More Here
Fresh Panama Copper Mine Talks Offer Hope For 11th-hour Deal 2 International Copper 

Fresh Panama Copper Mine Talks Offer Hope For 11th-hour Deal

Constance
Panamanian officials and the operator of a giant copper mine are back at the negotiating table after a hiatus of more than a week, with both sides saying they’re keen to reach a deal on tax payments and avoid a shutdown of the facility. Vancouver-based First Quantum Minerals Ltd. said Wednesday that talks resumed Dec. 26 and that it’s committed to finding a mutually beneficial accord as soon as possible. The Commerce Ministry said Tuesday it’s “open to holding a frank, respectful dialog that can lead to a resolution of this issue.”… Read More Here
First Quantum Says No Disruption To Panama Ops Amid Dispute 3 Copper International 

First Quantum Says No Disruption To Panama Ops Amid Dispute

Constance
First Quantum Minerals said on Wednesday (Dec. 28 2022) its flagship Cobre Panama copper mine was currently running as normal and formal talks have resumed with the Panama government to solve a dispute over the miner’s operations. The company also said its unit Minera Panama S.A. (MPSA) was informed on Dec. 21 of a resolution requiring it to submit a plan within 10 working days of such notification to suspend commercial operations at Cobre Panama and put the mine under “care and maintenance”. “MPSA is working through a number of… Read More Here
Copper Price Hits 2-week High As China Further Eases Covid Curbs 4 Copper International 

Copper Price Hits 2-week High As China Further Eases Covid Curbs

Constance
Copper price rose to the highest in two weeks on Tuesday as China announced a major step towards further easing of its Covid containment policy. China will stop requiring inbound travelers to go into quarantine starting from Jan. 8, moving further away from a strict “zero-Covid” policy that has curbed industrial activity and domestic demand. Copper for delivery in March rose 3.7% on the Comex market in New York, touching $3.94 per pound or $8,668 per tonne. The most-traded February copper contract on the… Read More Here
Minera Los Pelambres Copper Mine In Chile Awarded The Copper Mark 5 Copper International 

Minera Los Pelambres Copper Mine In Chile Awarded The Copper Mark

Constance
Minera Los Pelambres, one of the world’s leading copper producers and operated by Antofagasta PLC and a Japanese consortium that includes Marubeni Corporation, was recently awarded the Copper Mark as of November 30, 2022. Antofagasta owns 60% of the operation with the remaining 40% held by a Japanese consortium as follows: JX Nippon Mining & Metals 15.79%, Marubeni 9.21%, Mitsubishi Materials 10% and Mitsubishi Corp 5%. The Copper Mark, founded by the International Copper Association (ICA), is a comprehensive, credible assurance framework that demonstrates the copper industry’s responsible production practices… Read More Here
Gold Price Rises To Six-month High On China Reopening Optimism 6 Gold International 

Gold Price Rises To Six-month High On China Reopening Optimism

Constance
Gold prices rose on Tuesday as optimism surrounding China’s decisions to further ease covid-19 restrictions weighed on the US dollar, while resilient yields cast a shadow over the precious metal’s advance. Spot gold was up 1.3% to $1,821.37 per ounce by 11:50 a.m. ET, easing off a six-month high of $1,832.35 reached earlier in the day. US gold futures gained 1.4% to trade at $1,828.90 per ounce. Meanwhile, the US dollar index edged lower, and benchmark 10-year yields held close to their… Read More Here
Ncondezi Energy Signs Agreement With Consulting Firm For Its Mozambique Solar Project 7 International Energy 

Ncondezi Energy Signs Agreement With Consulting Firm For Its Mozambique Solar Project

Constance
Ncondezi Energy has signed a master services agreement with Synergy Consulting to provide financial and transaction advisory services for its 300MW solar project in Mozambique. According to a statement from Ncondezi, which is developing the solar photovoltaic (PV) and battery energy storage system (BESS) project in Tete, Mozambique, the agreement covers potential advisory services to accelerate the project up to financial close. That includes the finalisation of the power tariff, negotiations with project lenders for debt financing and capital raising for Ncondezi’s equity contribution towards the project. “As we continue… Read More Here
Africa Capable Of producing €1 Trillion Of Green Hydrogen A Year 8 Green Energy International 

Africa Capable Of producing €1 Trillion Of Green Hydrogen A Year

Constance
Africa has the potential to produce €1 trillion ($1.06 trillion) worth of green hydrogen a year by 2035, allowing it to export the fuel and boost local industry, according to a study backed by the European Investment Bank. By harnessing the world’s best solar energy resource a number of countries on the continent could produce the fuel, which is made by splitting water using renewable energy, at a cost of less than two euros a kilogram by 2030, the EIB and its partners, the African Union and the International Solar… Read More Here
Contract Signed For Co-financing Of Rehabilitation Of 2 075 MW Hydroelectric Plant In Mozambique 9 Electricity Green Energy International 

Contract Signed For Co-financing Of Rehabilitation Of 2 075 MW Hydroelectric Plant In Mozambique

Constance
Hidroeléctrica de Cahora Bassa (HCB) and AFD signed a EUR100M non-sovereign concessional loan agreement to contribute to the financing of the plant’s 10-year rehabilitation program, the “Capex Vital”. This program, aimed at extending the life of the plant equipment by at least 25 years, includes the refurbishment of the power plant and the electrical substation. It will improve operational reliability, reduce forced outages and maintenance costs, and restore international standard performance levels. The loan is complemented by a EUR 22M European Union delegated grant to AFD, targeting additional components to… Read More Here
Asante Gold Targets Synergies & Extending Mine Life at Bibiani & Chirano In Ghana 10 Mining Companies International 

Asante Gold Targets Synergies & Extending Mine Life at Bibiani & Chirano In Ghana

Constance
The Bibiani and Chirano gold mines, situated 15 km apart in Ghana, are expected to produce a combined 400,000 oz. of gold next year, according to Asante Gold (CSE: ASE). Asante acquired the open pit Bibiani mine from Resolute Mining in August 2021, started open pit mining operations in February 2022, and after completing the refurbishment and commissioning of the process plant in June, poured first gold in July. Commercial production followed in November. The company closed its acquisition of Chirano, an open pit and underground gold mining operation to… Read More Here

You have successfully subscribed to the newsletter

There was an error while trying to send your request. Please try again.

Copperbelt Katanga Mining will use the information you provide on this form to be in touch with you and to provide updates and marketing.