International - Copperbelt Katanga Mining

Gold price drops to two-year low with Fed rate hike in focus

September 20, 2022September 20, 2022 admin

Gold prices fell to near the lowest level in more than two years on Tuesday, with investors still weighing the likely size of the US Federal Reserve’s looming interest rate hike that could set the tone for the market. Spot gold declined 0.6% to $1,665.78 per ounce by 11:20 a.m. ET, moving further away from the $1,700 level that it descended from last week. US gold futures were down 0.2% to $1,674.70 per ounce in New York. Gold’s decline comes on the back of hot inflation data that spurred some… Read More Here

Copper International

Fitch: Copper price to regain March peaks in 2027

September 20, 2022September 20, 2022 admin

Copper prices have been hovering either side of $3.50 a pound ($7,700 tonne) for the better part of two months, down 21% since the start of the year and nowhere near record highs touched in early March. Slowing global growth and a strong dollar, which makes copper more expensive in the rest of the world, have undercut the bull case based on historically low inventories and robust longer term demand fundamental. A new report by Fitch Solutions cuts the research firm’s 2023 price forecasts for next year by double digits to $8,400 down from… Read More Here

Copper International Mining in DRC

Copper price should rebound to USD 8,001 per tonne this week

September 20, 2022September 20, 2022 admin

The price of copper should rebound to 8001 USD per ton for the period from August 19 to 24, 2022 on the international market, inform the experts of the National Commission of Mercurials of the Government of the Democratic Republic of Congo (DRC). According to the report of experts, the general trend of the prices of the main mining export products of the Democratic Republic of Congo oscillates between the rise and the fall. Copper is green. It is showing a bullish trend this week and would even trade at USD… Read More Here

Petroleum International Oil & Gas

Uganda will ‘go ahead’ with TotalEnergies megaproject despite EU criticism

September 19, 2022September 19, 2022 arnbethnic

Ugandan President Yoweri Museveni said on Friday that he would go ahead with the planned oil megaproject with the French group TotalEnergies despite a European parliament resolution slamming his “human rights violations” against opponents. The project “will continue as stipulated in the contract we have with TotalEnergies and (Chinese oil giant) CNOOC,” Museveni said on Twitter. “TotalEnergies convinced me of the pipeline idea; if they choose to listen to the European parliament, we will find another partner to work with,” he added. “In any case, our oil will be extracted… Read More Here

Lithium International

Lithium price smashes new record as supply struggles to feed EV growth

September 18, 2022September 18, 2022 admin

The surge in prices of lithium, the key battery material used to power electric cars, is seemingly unstoppable. Lithium carbonate hit a fresh record of 500,500 yuan ($71,315) a ton in China Friday, according to data from Asian Metal Inc. Prices more than tripled in the past year, inflating the cost of batteries used in electric vehicles, with recent gains driven by strong demand and disruptions at a domestic producing hub. Consumer support for new-energy vehicles has been gathering pace amid a global transition away from fossil fuels. The China… Read More Here

Mining technology International

Epiroc makes the ‘impossible possible’ with launch of Boltec ABR

September 16, 2022September 16, 2022 admin

Epiroc has taken another significant step forward in its rock reinforcement automation journey with the release of the Boltec Auto Bolt Reload (ABR). Combining the company’s ground support nous with its mechanisation and automation knowledge has resulted in a solution able to remove operators from the front end of the bolter – where personnel are most at risk of rock falls from unsupported ground – and increase bolting productivity, especially in poor ground conditions. With mining operations steadily going deeper as they develop existing and newly discovered orebodies, the rock… Read More Here

Glencore eyes adding lithium to trading business — report

September 16, 2022September 16, 2022 admin

Mining and commodities giant Glencore (LON: GLEN) is said to be evaluating the addition of lithium to the suite of metals it trades, as the battery metal has become the driving force behind electric vehicles (EVs) and concerns over lack of supply continue to grow. The Swiss company would initially include lithium in its zinc and copper business run by Jyothish George and Nick Popovic, two unnamed sources told Reuters. Glencore does not own lithium mines, but has ventured into the metal recycling business this year. In February, it joined forces with… Read More Here

International

Ivanhoe Mine’s Ivanplats receives final $225 million prepayment under Platreef streaming agreements

September 15, 2022September 15, 2022 arnbethnic

Updated engagement letters signed with Société Générale and Nedbank for expanded $150 million Platreef senior debt facility JOHANNESBURG, SOUTH AFRICA – Ivanhoe Mines (TSX: IVN; OTCQX: IVPAF) Executive Co-Chair Robert Friedland and President Marna Cloete announce today that the company’s South African subsidiary, Ivanplats, has received the second and final prepayment of the $300 million Platreef streaming agreement. In addition, the company has signed updated engagement letters with its mandated lead arrangers, Société Générale and Nedbank, to increase the Platreef project senior debt facility from $120 million to $150 million.… Read More Here

Gold International

Gold price holds steady as traders weigh Fed rate path

September 15, 2022September 15, 2022 admin

Gold held steady as traders weighed monetary tightening path by the US Federal Reserve after economic data pointed to elevated inflation in consumer and producer prices. A measure of producer-prices fell for a second month in August, although it increased 8.7% from a year ago, Labor Department data showed Wednesday. The print come after hotter-than-expected consumer price data released the previous day and feed into mounting concerns about the breadth and pace of US inflation. Stubbornly-high inflation will likely keep the Fed’s aggressive interest-rate hikes on track for the coming… Read More Here

Lithium International

TANTALEX LITHIUM ACHIEVES 6+% LI2O SPODUMENE CONCENTRATE GRADE IN HLS METALLURGICAL TEST WORK ON THE K-DUMP

September 15, 2022September 15, 2022 admin

Heavy Liquid Separation (“HLS”) tests on a 2 ton bulk samples taken from the K-dump produced a 6+% Li2O spodumene concentrate at four different size classifications. HLS tests produced a 6.5% Li2O spodumene concentrate at overall lithium recoveries exceeding 60%. Fe2O3 content of +- 1.3% in final spodumene concentrate to be reduced further with magnetic separation in Phase 2 testworks. HLS testing is the industry standard lab bench scale testing to establish if physical metallurgy will be sufficient to beneficiate mineral deposits into sellable concentrates. In the K- dump, Li2O, Sn… Read More Here