International - Copperbelt Katanga Mining

World: the 1 kg gold bar climbs to €58,790.00 on the international market

April 15, 2022April 15, 2022 admin

Contrary to the projections of the National Commission for Market Prices of the Ministry of Foreign Trade of the Democratic Republic of Congo (DRC), the price and quotation of gold on the stock exchange on April 13, 2022 stood at EUR 58,790.00 for the 1 kilogram gold bar or 64,160.88 USD on the international market against nearly 56,200.00 euros last week. Gold thus recorded a price increase on the international metals market of around EUR 2,590 during the period mentioned. According to the release of the National Commission of Mercurials,… Read More Here

Equipment & Technology International Mining technology

Epiroc wins major order for Canadian gold mine

April 14, 2022April 14, 2022 admin

Sweden-based mining equipment manufacturer Epiroc has won an order including battery-electric machines and automation solutions from the Canadian Malartic Partnership to be used in a new underground gold mine currently under construction. The equipment includes a variety of drill rigs, loaders and mine trucks, an unspecified amount of which will be battery powered. Automation features include Minetruck Automation and Scooptram Automation, part of Epiroc’s 6th Sense portfolio of digital solutions. The equipment will be deployed at the Odyssey Mine in Malartic, Quebec, which will become one of Canada’s largest gold mines.… Read More Here

Battery Metals International

Electric vehicle growth outpaces installation of battery chargers

April 13, 2022April 13, 2022 admin

As electric vehicle sales take off, the number of those EVs on the road is growing faster than the number of public charging points to support them. That’s one of the high-level conclusions from an in-depth study on the state of public charging infrastructure that my BNEF colleague Ryan Fisher published recently. The number of EVs on the road per public charging point globally rose to 9.2 at the end of last year, from 7.4 at the end of 2020. That’s not surprising. Last year was a breakout year for plug-in vehicle… Read More Here

Equipment & Technology International Mining technology

Metso Outotec rolls out digital platform

April 13, 2022April 13, 2022 admin

Finland-based mining equipment manufacturer Metso Outotec has successfully rolled out its new digital platform – the Field Service Management Solution (FSM) – to approximately 1,000 service professionals. The company said the FSM helps it deliver high-quality service to customers while improving efficiency in its internal operations. The FSM unifies and simplifies the way field service operations are planned, dispatched and executed, the company said. For customers, it offers a more uniform experience through the digital connection. During a site visit, information about ongoing actions is shared reliably and in real-time.… Read More Here

Copper International Mining in Zambia

FQM RANKED 6TH LARGEST COPPER PRODUCER IN THE WORLD

April 13, 2022April 14, 2022 admin

First Quantum Minerals (FQM), which operates the Kansanshi and Sentinel mines in North-Western Province, has been ranked the sixth largest copper producer in the world. The ranking by mining commodities data provider Kitco underscores the mining giant’s continued expansion of its operations in Zambia and globally despite subdued growth in the sector and supply chain disruptions coupled with freight-related constraints in 2021, in part induced by the COVID-19 pandemic. The world’s largest copper producer, Codelco of Chile, produced some 1.7 million tonnes in 2021, while First Quantum produced 816,000 tonnes.… Read More Here

Copper Cobalt International

Uganda seeks investors to revive copper mine

April 13, 2022April 13, 2022 admin

Uganda said on Tuesday it was inviting expressions of interest from investors to restart a vast copper mine in the country’s west that also holds significant cobalt deposits. The Kilembe mine, which sits on the foothills of the ice-capped Rwenzori mountains on the border with Democratic Republic of the Congo, is estimated by government geologists to contain about four-million tonnes of ore that is 1.98% copper and 0.17% cobalt. “We have invited companies to express their interest in partnering with the government through a mineral production sharing agreement,” Uganda’s finance and… Read More Here

Exploration Gold International

South Africa sets $900 million annual mineral exploration target

April 13, 2022April 13, 2022 admin

South Africa, home to the world’s biggest deposits of a number of minerals, has set an annual target of attracting $900 million of mining exploration expenditure annually by 2025. The target, equivalent to 5% of the annual spend on exploration globally, is expected to kick start a mining industry, that while among the world’s biggest, has stagnated in recent years. The exploration strategy made public Tuesday by the Department of Minerals and Energy, aims to take advantage of South Africa’s comparatively advanced infrastructure and mining expertise. It also plans to shrug off… Read More Here

Cobalt International

Glencore to supply cobalt to GM in multi-year deal

April 13, 2022April 13, 2022 admin

Miner and commodities trader Glencore (LON: GLEN) has inked a multi-year agreement with General Motors (NYSE: GM) to provide the automaker with cobalt from its Murrin Murrin operation in Australia. The US car producer has committed to making all-electric vehicles by the end of the decade, setting the goal of having 30 new EVs models, equivalent to 1 million electric cars, in the market by 2025. “Climate change is real, and we want to be part of the solution by putting everyone in an electric vehicle,” chair and chief executive officer Mary Barra said… Read More Here

Battery Metals International Lithium

Tesla may start mining lithium as Musk cites battery metal cost

April 12, 2022April 12, 2022 admin

Nearly two years after Tesla Inc. outlined a plan to dig for lithium, its chief Elon Musk signaled that the electric car giant might start doing so, due to skyrocketing cost of the metal key to battery technology. Price of lithium has gone to insane levels! Tesla might actually have to get into the mining & refining directly at scale, unless costs improve. There is no shortage of the element itself, as lithium is almost everywhere on Earth, but pace of extraction/refinement is slow.— Elon Musk (@elonmusk) April 8, 2022 Lithium has joined… Read More Here

Equipment & Technology International Mining technology

Epiroc, SSAB to build carbon-free value chain

April 12, 2022April 12, 2022 admin

Sweden-based mining equipment manufacturer Epiroc has launched a partnership with steelmaker SSAB to secure fossil-free steel for use in its mining equipment as part of a broader push to cut carbon emissions. SSAB is working to deliver fossil-free steel to the market at a commercial scale in 2026. It delivered the first steel made of hydrogen-reduced iron in 2021. The company works with iron producer LKAB and energy company Vattenfall as part of the HYBRIT initiative to develop a value chain for fossil-free iron and steel production, replacing coking coal… Read More Here