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Category: International

Etteplan on board Epiroc’s Minetruck MT42 battery-trolley project 1 Equipment & Technology International Mining technology 

Etteplan on board Epiroc’s Minetruck MT42 battery-trolley project

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Finland-based engineering firm, Etteplan says it is collaborating with Epiroc to enable fossil free underground heavy transportation without interruptions and, more specifically, helping redesign its Minetruck MT42 Battery into an electric trolley system. As part of a strategic partnership project that started in 2021, Etteplan’s offices in Finland and Sweden are providing what it says are crucial resources and expertise in the development, helping secure a timely progress of the project. It is providing technical expertise for battery technology, machine electrification, electrical design, system requirements and safety risk assessment. Last… Read More Here
Copper rebounds after miners report sliding production 2 Copper International 

Copper rebounds after miners report sliding production

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Copper prices bounced on Thursday after a spate of production problems that threaten to cut supply, including a state of emergency in Peru, the world’s second biggest producer. Benchmark three-month copper on the London Metal Exchange (LME) added 0.6% to $10 280/t in official open-outcry trading after two days of losses. “We’ve seen several reports this week from some of the major miners that they are struggling with diesel costs, steel costs, input costs in general, making it much more of a challenge to maintain production,” said Ole Hansen, head of commodity strategy at… Read More Here
1kg gold bar climbs to 63,812.04 USD on the international market as of April 20, 2022 3 Gold International 

1kg gold bar climbs to 63,812.04 USD on the international market as of April 20, 2022

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The price of gold on the international market continues to thwart the projections of experts in this field. Contrary to projections by the National Mercurial Commission of the Ministry of Foreign Trade of the DRC, the quotation of gold on the stock exchange as of April 20, 2022 stood at 63,812.04 USD for the gold bar of 1 kilogram on the international market. On the Antwerp Stock Exchange, the 1 kilogram gold bar trades at €59,000.00 or US$63,771.92. According to the release of the National Commission of Mercurials, for the… Read More Here
Gold price drops as stronger dollar, yields weigh on safe havens 4 Gold International 

Gold price drops as stronger dollar, yields weigh on safe havens

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Gold prices fell over 1% on Tuesday as a stronger US dollar and rising Treasury yields overshadowed inflows into the safe-haven metal. Spot gold dropped 1.1% to $1,957.20 per ounce by 12:45 p.m. ET, erasing its gains from the previous session. US gold futures took a 1.4% hit, trading at $1,959.30 per ounce in New York. Meanwhile, the dollar index scaled an over two-year peak, making gold more expensive for overseas buyers. Elevated US Treasury yields amid expectations that the Federal Reserve will tighten its monetary policy also hampered the non-yielding bullion.… Read More Here
Alphamin kicks off potential sale as tin prices surge 5 International Mining in DRC Tin 

Alphamin kicks off potential sale as tin prices surge

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Alphamin Resources Corp., one of the world’s largest tin miners, has kicked off a potential sale of the company as prices of the metal surge, people with knowledge of the matter said.  Canadian-listed Alphamin, which is working with boutique advisory firm Cutfield Freeman & Co., has sent out marketing materials to prospective bidders, the people said. It has asked for initial offers by the end of the month, according to the people, who asked not to be identified because the information is private. Alphamin jumped 16% to C$1.30 a share… Read More Here
World: up, the ton of tin goes from 43,375.00 USD to 44,448.00 USD this week 6 International Tin 

World: up, the ton of tin goes from 43,375.00 USD to 44,448.00 USD this week

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According to projections by experts from the National Commission for Mercurial Prices of the Ministry of Foreign Trade, the price of tin should experience a significant increase on the international market for the period from April 18 to 23, 2022. According to this table of prices of mining export products from the Democratic Republic of Congo (DRC) the ton of tin should trade at 44,448.00 USD this week against 43,375.00 USD the same quantity the week last. Tin thus records a positive price margin of around 1,073 USD during this… Read More Here
The price of gold is close to 2000 USD per ounce on the international market 7 Gold International 

The price of gold is close to 2000 USD per ounce on the international market

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The price of gold hit a five-week high on Monday as war in Europe, high inflation and the risk of a recession in the United States further bolstered demand for the safe-haven asset. Spot gold rose 0.7% to $1,988.15 an ounce at noon ET, closing in on the $2,000 level last seen in early March. US gold futures rose 0.8% to trade at $1,991.00 an ounce in New York. After capping a second weekly gain, bullion soared as high as 1% earlier in the day on higher oil and natural gas… Read More Here
Epiroc to supply large order of battery-electric mining equipment to Assmang 8 Equipment & Technology International Mining technology 

Epiroc to supply large order of battery-electric mining equipment to Assmang

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Epiroc says a large fleet of battery-electric mining equipment will be deployed at Assmang Proprietary Ltd’s Black Rock underground manganese mine in the Northern Cape of South Africa after the two companies signed an agreement. Assmang has ordered several of Epiroc’s battery loaders and mine trucks – the Scooptram ST14 Battery and Minetruck MT42 Battery, respectively – for the deployment. The order was booked in the March quarter of 2022 and is valued at SEK120 million ($12.5 million). The order extends Assmang’s and Epiroc’s collaboration to use state-of-the-art solutions for… Read More Here
Copper price rises despite covid-19 worries in China 9 Copper International 

Copper price rises despite covid-19 worries in China

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The copper price rose on Monday despite China’s spreading lockdowns. The country has so far decided to stick with its Covid Zero policy, despite growing evidence that it’s threatening economic growth.   A copper fabricator in Henan that produces pipes and parts used in household appliances and medical devices said its sales were down 20% to 30% in tonnage terms in the first half of April from a year earlier. Many customers are at a standstill due to restrictions, said an official at the company, who asked not to be identified because of… Read More Here
Globally, the price of cobalt rose to 81,805 USD per ton on April 16, 2022 10 Cobalt International 

Globally, the price of cobalt rose to 81,805 USD per ton on April 16, 2022

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After recording a considerable fall at the start of the week on the international metals market, cobalt is on the rise again at the end of this week. According to indications from the London metal exchange (LME), a tonne of cobalt is trading at 81,805 USD at the end of this week against 81,579 USD per tonne at the start of the week, a positive difference of around $488. On the other hand, the projections of experts from the National Commission of Mercurial, a structure attached to the Ministry of… Read More Here

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