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China ban on foreign coal investment leaves Zimbabwe scrambling 1 Coal International 

China ban on foreign coal investment leaves Zimbabwe scrambling

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Zimbabwe’s plan to refurbish two idled coal-fired power stations has been thrown into disarray by China’s decision to ban investment in plants burning the dirtiest fossil fuel outside its borders. Zimbabwe was depending on China to help get the Bulawayo Power Station, which has a design capacity of 90 megawatts, and Munyati Power Station, meant to generate 100 megawatts, to produce electricity to fill a chronic shortfall in the southern African country. “There is no funding for coal plants,” Sydney Gata, the chairman of state-owned Zesa Holdings Ltd., said in… Read More Here
The price of copper goes from 9,500.35 USD to 9,711.85 USD per tonne on the international market 2 Copper International Mining in DRC 

The price of copper goes from 9,500.35 USD to 9,711.85 USD per tonne on the international market

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The general trend of mining products exported from the Democratic Republic of Congo (DRC) would be green for the period from June 6 to 11, 2022 on the international market. These are the projections of the National Mercurial Commission of the Ministry of Foreign Trade. As of June 8, 2022, the price of copper stood at USD 9,711.85 on the London Metal Exchange (LME) compared to USD 9,500.35 last week on the same market. In these projections, the National Mercurial Commission informs that copper should sell at 9,442.80 USD per ton… Read More Here
Doosan releases 'smart' excavator 3 Equipment & Technology International Mining technology 

Doosan releases ‘smart’ excavator

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South Korean industrial equipment maker Doosan has launched a “smart” crawler excavator called the DX225LC-7X that has new features such as Full Electric Hydraulic (FEH) technology.   Doosan said the DX225LC-7X’s FEH technology is a VBO system without pilot pressure lines. Joysticks and pedals are fully electric, but give the operator the same feeling as hydraulic joysticks. Oher standard features of the DX225LC-7X include integrated 2D Machine Guidance and Semi-Automatic 2D Machine Control. The integrated machine guidance system on the DX225LC-7X uses sensors mounted on the front and body to recognize… Read More Here
Tin climbs this week to 34,618.75 USD per ton on the international market 4 International Tin 

Tin climbs this week to 34,618.75 USD per ton on the international market

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After a dark period for the main mining products exported from the Democratic Republic of Congo (DRC), the latter should record a price increase on the international market during the period from June 6 to 11, 2022. According to projections by experts from the National Mercurial Commission, a structure attached to the Ministry of Foreign Trade, a tonne of tin should sell at 34,618.75 USD this week against 34,392.50 USD per tonne last week. . This same report indicates that tin is expected to register a positive price gap of… Read More Here
Between the trend price displayed on the stock market, discover the evolution of cobalt prices as of June 8, 2022 5 Cobalt International 

Between the trend price displayed on the stock market, discover the evolution of cobalt prices as of June 8, 2022

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Cobalt prices have fallen sharply on the international market since May 2022. According to the weekly statement from the National Commission of Mercurial Prices of the Ministry of Foreign Trade, the price of cobalt should remain stable on the international market for the period from June 6 to 11, 2022. The experts of the Commission des mercuriales project the price of a tonne of cobalt at 87,781.05 USD during the period mentioned. But following the evolution of metal prices on the stock exchange, the ton of cobalt is trading at… Read More Here
De Beers rises small diamonds price amid shortage 6 Diamond International 

De Beers rises small diamonds price amid shortage

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De Beers, the world’s top diamond producer by value, has once again increased the price of its smaller stones as sanctions on Alrosa (MCX: ALRS), its Russian rival, have worsened a global shortage caused by two years of covid-related shutdowns. The Anglo American unit had hiked prices by about 8% at its first sale this year, with the sharpest increases of up to 20% affecting small-scale roughs, as demand reached pre-pandemic levels. Prices for these diamonds, which usually end up clustered around the solitaire stone in a ring, have soared since early April, when Alrosa was targeted by… Read More Here
Metso Outotec secures €100m Uzbek order 7 Equipment & Technology International Mining technology 

Metso Outotec secures €100m Uzbek order

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Metso Outotec has been awarded a €100 million order from Uzbekistan’s Almalyk Mining and Metallurgical Company. The Finnish company will provide equipment to Almalyk’s MOF3 copper-gold-molybdenum concentrator complex in Almalyk, in the Tashkent region of the country. The concentrator will have a planned capacity of 60 million tonnes per annum. The concentrator is located next to the Yoshlik-1 deposit. Metso Outotec will provide basic engineering, manufacturing, and supply of the Higmill regrinding mills, TankCell flotation equipment and high-rate thickeners, as well as FrothSense+ froth cameras. The company will also provide… Read More Here
Gold’s haven appeal burnished by drumbeat of growth warnings 8 Gold International 

Gold’s haven appeal burnished by drumbeat of growth warnings

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Gold could be heading for another rally, with warnings over a global economic slowdown paving the way for a fresh push toward $2,000 an ounce. A potent mix of decades-high inflation, geopolitical turmoil and growing talk of recession should be bullish for the traditional haven, according to speakers interviewed ahead of a precious metals conference in Singapore this week. Bullion is down about 10% from a peak in mid-March, after the concerns that Russia’s invasion of Ukraine might sprawl into a broader conflict dissipated. But with top banking executives now warning about fresh economic… Read More Here
Stronger China demand prospects propel copper to five-week peak 9 Copper International 

Stronger China demand prospects propel copper to five-week peak

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Copper prices climbed to five-week highs on Monday after the lifting of Covid-lockdowns in top consumer China boosted demand prospects while dwindling inventories provided further support. Benchmark copper on the London Metal Exchange (LME) was up 2.4% at $9 726 a tonne by 09:27 GMT, having earlier touched its highest since April 27 at $9,916.19. “China has slowly been reopening and has been announcing policy measures to support the economy … the market appears to continue to be pricing in a further rebound in Chinese activity over the coming months,” said… Read More Here
Copper price scales $10,000 on Chinese stimulus, lockdown reprieve 10 Copper International 

Copper price scales $10,000 on Chinese stimulus, lockdown reprieve

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The copper price jumped on Thursday as China’s zero-covid strategy appears to be winding down. Officials in Shanghai announced an end to a two-month lockdown on Monday. China’s cabinet on Tuesday announced a package of 33 measures covering fiscal, financial, investment and industrial policies to revive its pandemic-ravaged economy. The development could boost downstream consumption, which was halted for months due to the recent covid-19 outbreak. Copper for delivery in July rose more than 5% from Wednesday’s settlement, touching $4.5575 per pound ($10,050 per tonne) lunchtime Thursday on the Comex market in New… Read More Here

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