You are here

Category: International

Gold price at 3-week low as UK inflation jumps again 1 Gold International 

Gold price at 3-week low as UK inflation jumps again

admin
Gold fell to the lowest in more than three weeks as UK inflation returned to double digits, intensifying pressure on the government and central bank to take additional measures. Spot gold was down 1.1% to $1,634.23 per ounce by 11:20 a.m. ET, its lowest since September 27. US gold futures dropped 1.0% to $1,639.50 per ounce in New York. Following a slight rebound earlier this week, the precious metal has now reversed course as data showed UK consumer prices in September matched a 40-year high and exceeded economists’ expectations. The figures add to pressure… Read More Here
SRK Global appoints new chair 2 Mining Personality International 

SRK Global appoints new chair

arnbethnic
Alejo Sfriso, corporate consultant and practice leader with SRK Consulting Argentina, has been appointed as board chair for SRK Global. Effective September 30, 2022, Alejo succeeds Mark Noppé, who is becoming director of the W.H. Bryan Mining Geology Research Center with the Sustainable Minerals Institute at The University of Queensland. “My becoming chair of the SRK group of companies is a demonstration of our culture. I am a geotechnical engineer coming from a small consultancy located in a country with a limited mining footprint – but with a lot of… Read More Here
Sandvik’s battery electric TH665B to lead its packed line-up for IMARC 3 Equipment & Technology International Mining technology 

Sandvik’s battery electric TH665B to lead its packed line-up for IMARC

admin
Australian miners will have their first opportunity to view the world’s largest battery electric truck for underground mining in person when Sandvik’s TH665B makes its Australian debut at the International Mining and Resources Conference (IMARC) in Sydney in November. With BEVs essential to helping mining companies reduce emissions, a TH665B will take centre-stage at the Sandvik stand before it heads to Western Australia for a trial with Barminco and AngloGold Ashanti at Australia’s Sunrise Dam gold mine. The 65 t truck’s lithium-iron phosphate battery and electric driveline deliver a remarkable… Read More Here
Copper price falls on recession fears, China covid-19 curbs 4 Copper International 

Copper price falls on recession fears, China covid-19 curbs

admin
Copper prices fell on Tuesday, on worries that China’s determination to stick with its strict covid-19 rules could dampen economic growth and demand for metals. Copper for delivery in December fell 1.8% on the Comex market in New York, touching $3.35 per pound ($7,379 per tonne). The most-traded November copper contract on the Shanghai Futures Exchange (ShFE) declined 0.9% to 62,650 yuan ($8,702.60) per tonne. Chinese President Xi Jinping reiterated the validity of China’s zero-covid policy, which includes lockdowns and movement curbs to prevent the spread of coronavirus, at the Communist Party Congress… Read More Here
Gold price declines with focus on rates outlook and recession risks 5 Gold International 

Gold price declines with focus on rates outlook and recession risks

admin
Gold reversed early gains as investors assessed the increasing risk of a global recession against the Federal Reserve’s tightening path. Bullion has had a wild ride this year, tumbling almost 20% since a March peak as the Federal Reserve aggressively tightened monetary policy, prompting investors to seek shelter in the US dollar. The non-yielding metal, which typically has a negative correlation with the dollar and rates, has been pressured by the stronger greenback. On Tuesday, fresh US data pointed to firm growth in manufacturing that’s underpinned by solid business investment… Read More Here
Slightly lower, tin price expected to fall to USD 20,586.00 per tonne this week  6 Tin International Mining in DRC 

Slightly lower, tin price expected to fall to USD 20,586.00 per tonne this week 

admin
The price of tin should register a slight drop in price this week from October 17 to 22, 2022 on the international market, inform the experts of the National Commission of Mercurials of the Ministry of Foreign Trade. According to these Congolese government experts, this product widely used in the welding industry should trade at 20,586.00 USD per tonne this week against 20,727.00 USD last week, a negative price difference of the order of 141 USD. In addition, stock market experts indicate that the price of tin has doubled over… Read More Here
SAIMM webinar kicks off dialogue on mine decarbonisation 7 International 

SAIMM webinar kicks off dialogue on mine decarbonisation

Copperbelt Katanga News
In the journey towards decarbonisation, the South African mining sector is taking its first steps toward renewable self-generation; what will need to follow is a more systematic and integrated approach that addresses the whole mining supply chain. This was one of the messages from Professor Michael Solomon, in a webinar for the Southern African Institute of Mining and Metallurgy (SAIMM) on ‘Decarbonizing the Mining Sector by 2040’. Professor Solomon is the chair of the SAIMM’s Environmental, Social, Governance and Sustainability (ESGS) committee, and an adjunct professor at the University of… Read More Here
Omnia’s BME launches graduate programme to boost mining skills 8 International Environment Social Governance (ESG) Explosives 

Omnia’s BME launches graduate programme to boost mining skills

arnbethnic
A two-year graduate programme has been launched by Omnia-group company BME to address youth unemployment and skills shortages in an evolving mining industry. The programme targets various disciplines in engineering and science – including mining, chemistry, and microbiology, as well as skills in the fields of safety, health, environment and quality assurance. This is part of the commitment by BME’s leadership to support skills development and the growth of young people within the mining industry. The initiative is also instrumental in attracting and retaining talent for the company. Announcing the… Read More Here
Copper price down as demand uncertainty offsets supply woes 9 Copper International 

Copper price down as demand uncertainty offsets supply woes

admin
Copper prices struggled to find momentum on Monday as global supply worries countered demand uncertainty stemming from growth slowdown worries and China’s stance on covid-19 curbs. Copper for delivery in December fell 0.05% on the Comex market in New York, touching $3.42 per pound ($7,524 per tonne). The most-traded November copper contract on the Shanghai Futures Exchange climbed 0.5% to 63,280 yuan ($8,797.32) a tonne. Total copper production in Chile, the world’s top copper producer, fell 10.2% in August to 415,500 tonnes. Uncertainty around demand in China, however, persists. Chinese… Read More Here
Gold price rebounds as dollar, yields pull back 10 Gold International 

Gold price rebounds as dollar, yields pull back

admin
Gold halted its slide on Monday, helped by a slight pullback in the US dollar and Treasury yields, even as fears lingered about more hefty Federal Reserve rate hikes to tame soaring inflation. Spot gold rose 1.1% to $1,662.21 per ounce as of 10:55 a.m. ET, after declining more than 3% last week in its worst performance since July. US gold futures climbed 1.3% to $1,669.50 per ounce in New York. “Gold has benefited from USD weakness today, after the pound rebounded amid expectations that more of the tax cuts… 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.