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Category: International

COPPER MINING FINALLY EXPANDS BUT SMELTERS CAN'T KEEP UP 1 International Copper Mining in DRC 

COPPER MINING FINALLY EXPANDS BUT SMELTERS CAN’T KEEP UP

Constance
Copper miners are finally ramping up production after several years of anemic performance. But that may not be enough to significantly raise inventories from historic lows, keeping supplies tight in a market critical to the energy transition. The reason is a bottleneck in the capacity of the world’s smelters, whose role in turning ore into metal makes them a crucial cog in the supply chain between miners and manufacturers of products ranging from mobile phones and from air conditioning units to electric vehicles. “There is not enough smelting capacity,” said Shanghai… Read More Here
Germany pushes back on Putin’s ‘blackmail’ with gas terminal 2 Energy International Oil & Gas 

Germany pushes back on Putin’s ‘blackmail’ with gas terminal

Constance
Germany opened its first state-chartered liquefied natural gas vessel as Europe’s largest economy races to replace Russian gas amid an energy crunch and freezing temperatures. “As of today, Germany and the EU will become a great deal more secure and independent,” Chancellor Olaf Scholz said in a short speech Saturday in Wilhelmshaven on the North Sea coast to mark the inauguration. Scholz said Russian President Vladimir Putin, in pursuing the invasion of Ukraine, calculated that he could pressure Germany and the rest of Europe by making energy a political weapon… Read More Here
China’s new iron ore buyer sets off biggest shakeup in years 3 Iron Ore International 

China’s new iron ore buyer sets off biggest shakeup in years

Constance
China is about to upend the $160 billion iron ore trade with the biggest change in years as Beijing expands efforts to increase control over the natural resources needed to feed its economy. A new state-owned company called China Mineral Resources Group is poised to become the world’s biggest iron ore buyer as soon as next year, when it will begin consolidating purchases on behalf of about 20 of the largest Chinese steelmakers including leader China Baowu Steel Group Corp., according to people familiar with the situation. CMRG has already… Read More Here
Lithium stocks fall as prices ease for the first time in 6 months 4 Lithium International 

Lithium stocks fall as prices ease for the first time in 6 months

Constance
Shares of lithium producers and explorers slumped on Thursday after a closely watched auction by Pilbara Minerals showed a rare decline in prices of spodumene concentrate. Pilbara Minerals (ASX:PLS) announced its average monthly auction in December achieved a price of $7,552 per dry metric tonne (5.5% spodumene concentrate on a Port Hedland FOB basis), down from $7,805 a month earlier.  The price for the 10,000 tonne cargo equates to $8,299 per tonne on a 6% concentrate (CIF, China)  basis with deliveries expected from late January 2023. Pilbara Minerals, which wholly-owns the Pilgangoora mine… Read More Here
AUSTRIA RIVISES RESOURCES EXPORT EARNINGS TO $308bn FOR FY23 5 Mining revenue International 

AUSTRIA RIVISES RESOURCES EXPORT EARNINGS TO $308bn FOR FY23

Constance
Australia revised upwards its resources and energy export earnings for the current financial year to hit a record A$459 billion ($308 billion) on Monday, as the war in Ukraine boosts prices of energy commodities. The country is set to see strong growth in revenue from exports of thermal coal used in power plants as well as liquefied natural gas (LNG) for the year ending June 2023, the Department of Industry, Science and Resources said in a quarterly report. “Many Western nations are having to pay substantially more for energy, on… Read More Here
AUTONOMOUS MINING VEHICLE DEVELOPER GETS $38mTO FUEL EXPANSION PLANS 6 International 

AUTONOMOUS MINING VEHICLE DEVELOPER GETS $38mTO FUEL EXPANSION PLANS

Constance
SafeAI, a company that retrofits construction and mining vehicles with aftermarket hardware and proprietary autonomy software, received $38 million in Series B round funding to expand operations and continue developing its technology. Among the firm’s funders are Builders VC, McKinley Management, George Kaiser Family Foundation, and Energy Innovation Capital. At the same time, Moog Inc., a manufacturer of electric, electro-hydraulic and hydraulic motion controls and systems, joined the round as a strategic investor.  “Heavy industry is an enormous global market. Based on data from Australia Mining Consultancy and Parker Bay… Read More Here
GOLD MINED FROM SIM CARDS CAN BE USED TO MAKE PAINKILLERS 7 International Gold You got to know this 

GOLD MINED FROM SIM CARDS CAN BE USED TO MAKE PAINKILLERS

Constance
Researchers from the University of Cagliari in Italy and Imperial College London have developed a method of extracting gold from printed circuit boards, SIM cards and other electronic waste, as well as a process for using recovered gold in the manufacture of medicines. In a paper published in the journal ACS Sustainable Chemistry & Engineering, scientists explain that the extraction method involves selective steps for the sustainable leaching and recovery of base metals like nickel, then copper, silver and, finally, gold, using green and safe reagents. . The gold produced from… Read More Here
Africa’s Energy Sector in Need of Practical, and Not Reactionary, Solutions at the US and African Leaders Summit 8 Energy International 

Africa’s Energy Sector in Need of Practical, and Not Reactionary, Solutions at the US and African Leaders Summit

Constance
We are confident that, like previous meetings between American and African Leaders, the events of the Africa Leaders’ Summit, that took place in Washington, D.C., will show America’s earnest and enduring commitment to Africa in the broad sense. The African Continent, some organizers have said, will shape the future of the world.  We truly believe that the leaders who assembled in Washington have the best intentions in mind. They will be determined to effect positive change on everything from African governance and human rights to food security and education. The… Read More Here
Travel diary of the DRC Minister of Mines in the land of the rising sun Japan. 9 Mining in DRC International 

Travel diary of the DRC Minister of Mines in the land of the rising sun Japan.

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The stay of the Minister of Mines, Antoinette N’Samba Kalambayi in Japan was rich in activities. Antoinette N’Samba Kalambayi at the head of the Congolese delegation, spoke with a delegation from the Toyota Tshusho company on Thursday, December 8, 2022 at The Westin Tokyo hotel. In addition to the exchanges, the number 1 of the mines paid a visit to Hitachi Machinery where the mining and construction machines are manufactured. In the land of the rising sun, the Be to Be was organized focusing on business opportunities with the Congolese… Read More Here
Most Canadians see clean energy as safer, more affordable than fossil fuels 10 Energy International 

Most Canadians see clean energy as safer, more affordable than fossil fuels

Constance
Two-thirds of Canadians think a clean energy system such as hydro, wind, solar power and electric vehicles would be more affordable than a fossil fuel energy system, a recent survey shows. According to the study conducted by Clean Energy Canada and Abacus Data, such a view is shared by a majority in every region or province, except for Alberta. The survey also shows that over seven in ten Liberal, National Democratic Party and Green Party supporters feel this way, as do four in ten Conservative Party adherents. The poll also… Read More Here

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