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BME’s AXXIS Silver™ debuts at sub-zero Lesotho mine 1 International Explosives Mining technology Technology & Innovation 

BME’s AXXIS Silver™ debuts at sub-zero Lesotho mine

arnbethnic
High in the mountain kingdom of Lesotho, explosives and blasting specialist BME recently achieved the first blast outside of South Africa with its new AXXIS Silver™ electronic initiation system. BME – a member company of the JSE-listed Omnia Group – is assisting a diamond mining customer to conduct quality blasts in all weather. According to BME’s AXXIS™ support manager Hennie du Preez, BME has been active on this mine since 2016. Located at an altitude of over 3,000 metres, the operation frequently experiences snow and sub-zero temperatures. “This means blasting… Read More Here
Namibia oil discoveries likely in billions of barrels, production expected in 4 years 2 Oil & Gas International 

Namibia oil discoveries likely in billions of barrels, production expected in 4 years

arnbethnic
Mines Energy minister Tom Alweendo says oil discoveries off the coast of Namibia by two oil majors are of commercial quantities, likely in the billions of barrels, with production expected in four years. “Companies are cautious, but have spoken of commercial quantities in billions of barrels. The marketability is there. They basically want to make sure that before they commit to production investments, they know what exact quantities are there, “ Alweendo told Reuters on the sidelines of an oil conference in Dakar, Senegal “Both companies want to speed up… Read More Here
Lucapa finds Angola mine’s sixth-largest white diamond 3 International Diamond 

Lucapa finds Angola mine’s sixth-largest white diamond

arnbethnic
Australia’s Lucapa Diamond (ASX: LOM) has recovered a 160-carat white Type IIa diamond at its prolific Lulo mine in Angola, the sixth-largest recovered at the operation to date. The diamond was found at the same alluvial mining block as the Lulo Rose, a 170-carat pink-coloured diamond believed to be the largest of its kind found in Angola in 300 years. Lucapa has a 40% stake in the Lulo mine, which hosts the world’s highest dollar-per-carat alluvial diamonds. The rest is held by Angola’s national diamond company (Endiama) and Rosas & Petalas, a private entity. The partners… Read More Here
Atlas Copco has acquired Danish manufacturer of on-site gas generation equipment 4 International Equipment & Technology Mining technology 

Atlas Copco has acquired Danish manufacturer of on-site gas generation equipment

arnbethnic
Atlas Copco has acquired Oxymat A/S, a Danish supplier of on-site oxygen and nitrogen solutions. Oxymat is a privately owned company headquartered in Helsinge, Denmark, with production facilities in Denmark and Slovakia. The company has 146 employees, and in 2021, they had revenues of approximately MDKK 301 (MSEK 411*). Oxymat specializes in on-site gas generation solutions for a wide range of industries including aquaculture, water treatment, medical, marine and mining. By converting bulk or cylinder supply of gas to on-site generation, the need of frequent truck transport can be avoided,… Read More Here
Gold hits 1-month low as robust dollar, hawkish Powell dent appeal 5 Gold International 

Gold hits 1-month low as robust dollar, hawkish Powell dent appeal

admin
Gold prices fell to a one-month low on Monday, as US Federal Reserve Chair Jerome Powell’s stance to continue with aggressive monetary policy to bring down inflation dented the zero-yielding metal’s appeal and boosted the dollar. Spot gold had shed 0.7% to $1 724.88 per ounce by 05:50 GMT. Prices earlier fell to $1 720.55, their lowest since July 27. US gold futures dropped 0.8% to $1 736.40/oz. The dollar index scaled a 20-year high, making greenback-priced bullion more expensive for buyers holding other currencies.  Gold’s momentum has turned lower and while at some point there will be a safe-haven flow,… Read More Here
Copper price back bellow 8,000 as hawkish Fed outweighs supply risk 6 Copper International 

Copper price back bellow 8,000 as hawkish Fed outweighs supply risk

admin
The copper price fell on Monday as a hawkish Federal Reserve crimped the outlook for demand, outweighing supply risks. Federal Reserve Chair Jerome Powell signaled higher-for-longer interest rates to curb inflation at the Fed’s Jackson Hole symposium on Friday, sparking broad declines across financial assets. The worsening sentiment on copper demand took precedence over further signs that supply is under threat, with Codelco becoming the latest major producer to cut output guidance. Copper for delivery in December fell 3.5% on the Comex market in New York, touching $3.56 per pound ($7,832 per… Read More Here
Tesla’s battery metals bill balloons to $100 billion 7 Battery Metals International 

Tesla’s battery metals bill balloons to $100 billion

admin
Elon Musk had plenty of advice for the mining and metals industry at the company’s Battery Day event in September 2020, where the road map to a $25,000 Tesla was laid out. A couple of days after the event Musk confirmed in a tweet that Tesla will reach production of 20 million vehicles per year “probably before 2030.”   Tesla has been ramping up output at an impressive pace despite lockdowns and power problems in China and a late start in Germany, but the scale of the task is put into perspective by Musk’s proud… Read More Here
Copper price rises on China demand optimism 8 Copper International 

Copper price rises on China demand optimism

admin
Copper prices rose for a second straight session on Friday as hopes grew that fresh stimulus measures by China would boost demand amid declining inventories. Copper for delivery in September rose 2.4% on the Comex market in New York, touching $3.78 per pound ($8,316 per tonne). The most-traded September copper contract on the Shanghai Futures Exchange climbed 1.7% to 63,480 yuan ($9,260.66) a tonne by the midday break. Copper has rebounded by 17% since touching 20-month lows on July 15, but it is still down 25% from a record peak hit in… Read More Here
Gold price retreats on Powell’s remarks at Jackson Hole meeting 9 Gold International 

Gold price retreats on Powell’s remarks at Jackson Hole meeting

admin
Gold declined again on Friday in the wake of Federal Reserve Chair Jerome Powell’s remarks at the Jackson Hole economic symposium in Wyoming, where he warned against any idea that the US central bank would start loosening monetary policy soon. Spot gold fell 1.2% to $1,736.93 per ounce by noon ET, erasing its gains for the week. US gold futures were down 1.3% to $1,749.10 per ounce in New York. Gold’s decline comes after Powell signalled that the US central bank will likely keep raising interest rates and leave them elevated for… Read More Here
Spotlight on foundation failure in rock slopes 10 Uncategorized International Mining technology Technology & Innovation 

Spotlight on foundation failure in rock slopes

arnbethnic
While slope failures in open pit mines occur mainly due to kinematic instability or shear stresses within the slope exceeding rock mass strength, the concept of foundation failure can prove useful in cases where ground profile anomalies occur. This was the message from John Kwofie, principal geotechnical engineer in SRK Consulting’s Ghana office, when he delivered a keynote address to the recent Rocscience Africa Conference 2022 in Accra. Kwofie noted that he had encountered three instances over a span of a decade, where the cause of slope failure could not… Read More Here

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