International - Copperbelt Katanga Mining

How Internet of Things technology reduces operational costs for mines

March 25, 2022March 25, 2022 admin

Industry 4.0 has enabled mining and tunnelling industries to optimise operations beyond what we thought was possible. With a focus on safety and productivity, technology continues to develop and facilitate effective operations, but with these advancements come concerns about change and making new investments. Embracing Internet of Things (IoT) technology not only promises safer and more productive operations, but it also helps to make them more cost-effective. From improved maintenance to making operators’ jobs easier, IoT could save your mining operation money. Service optimisation “Better equipment uptime using analytics and… Read More Here

Battery electric mining vehicles can boost efficiencies, sustainability

March 24, 2022March 24, 2022 admin

Battery electric vehicles (BEVs) will play a role in improving health and safety, boosting efficiencies and achieving sustainability goals, including by combining on-mine renewable energy generation with BEVs, says mining equipment company Sandvik Mining and Rock Solutions. “In countries where grid power is unreliable, this strategy also holds the promise of more streamlined and uninterrupted operations,” adds Sandvik Mining and Rock Solutions load and haul business line manager Deon Lambert. The mining industry is searching for sustainability solutions and efficiency gains and BEVs are presenting exciting opportunities, he states. “Sandvik Mining… Read More Here

Equipment & Technology International Mining technology

Sandvik and Boliden launch 3D printing trial

March 24, 2022March 24, 2022 admin

Sweden-based mining companies Sandvik and Boliden have partnered to run a 3D printing trial that will see machine parts printed digitally and installed on underground drill rigs. The companies said the trial involves a set of specially redesigned components printed digitally at a Sandvik-managed facility in Italy. Their performance is monitored on machines in Boliden’s underground mine worksites in Sweden and Ireland. The first components have just been put into operation in the Garpenberg mine, with the performance still to be evaluated. Ronne Hamerslag, head of supply management at Boliden,… Read More Here

Gold International

Gold price moves higher as safe haven demand stays strong

March 24, 2022March 24, 2022 admin

Gold edged higher on Wednesday as inflation risks and the intensifying Ukraine crisis propped up demand for safe havens, although a firmer dollar and high bonds yields placed a cap on bullion’s gains. Spot gold rose 0.5% to $1,932.09 per ounce by 12:20 p.m. ET, continuing to recover from its worst week since June. US gold futures traded 0.4% higher at $1,930.20 per ounce in New York. “You’re seeing a little bit of safe-haven demand and a little perceived bargain hunting at lower price levels in the gold market,” Jim Wyckoff, senior… Read More Here

Copper International

Copper deficit narrows slightly to 475,000 tonnes in 2021

March 23, 2022March 23, 2022 admin

The global refined copper market showed a 92,000 tonne deficit in December, compared with a 123,000 tonne deficit in November, the International Copper Study Group (ICSG) said in a new data release. For the full year, the market reported a deficit of 475,000 tonnes compared with a 484,000 tonne shortfall a year earlier, the ICSG said. World refined copper output in December was 2.11 million tonnes, while consumption was 2.2 million tonnes. Production amounted to 24.5 million tonnes and 25.33 million tonnes of consumption for the year. The ICSG said… Read More Here

Copper International

The price of a tonne of copper records a drop of 511.2 USD this week

March 22, 2022March 22, 2022 admin

Copper, one of the main mining products exported from the Democratic Republic of Congo, is expected to experience a significant drop in price on the international market during the week from March 21 to 26, 2022. According to the analyzes of experts from the National Commission of Mercurial Prices of the Ministry of Foreign Trade, this product should sell at 10,017.80 USD per ton this week against 10,529.00 per ton last week. Thus, copper should record a negative price difference of around 511.2 USD on the international market during the… Read More Here

Gold International

Gold price recovers from worse week since June with inflation risks creeping up

March 22, 2022March 22, 2022 admin

Gold rebounded from its biggest weekly drop since June as the war in Ukraine continued to push oil prices higher, adding more fuel to global inflation fears and boosting the demand for safe havens. Spot gold rose 0.8% to $1,935.30 per ounce by noon ET. US gold futures had a moderate gain of 0.3%, trading at $1,935.20 per ounce in New York. Meanwhile, both the S&P 500 and Nasdaq 100 fell after posting their best five-day streak since November 2020. West Texas Intermediate oil rose above $110 a barrel as investors… Read More Here

Events & Expos International

Mining Indaba’s Innovation & Research Battlefield offers grant for solutions to sector challenges

March 22, 2022March 22, 2022 admin

A new annual event calling for innovative research proposals to address the mining industry’s toughest sustainable development challenges is coming to South Africa’s Mining Indaba conference agenda this year. On May 9 & 11, the Innovation & Research Battlefield, an event convened by Investing in African Mining Indaba, Business for Development and the Development Partner Institute, will be a high-profile platform showcasing early-stage innovations focused on this year’s challenge: Building Sustainable Post-Mining Economies. The event organisers aim to attract a pool of global applicants by connecting academics, researchers, the private sector, NGOs, and young… Read More Here

Diamond International

New Debmarine Namibia diamond recovery vessel sets world record

March 19, 2022March 19, 2022 admin

The World Record Academy has stated that Debmarine Namibia’s latest diamond recovery vessel, Additional Mining Vessel 3 (AMV3), has set a new world record for the largest diamond recovery vessel. The 177m diamond recovery vessel AMV3 was built at Damen Shipyards Mangalia in Romania for Debmarine Namibia, a 50/50 joint venture between the De Beers Group and the government of Namibia, at a cost of approximately US$470 million. It is the first vessel to be delivered by Damen Shipyards Mangalia, marking the end of the shipbuilding phase of the project… Read More Here

Equipment & Technology International Mining technology

Mining industry needs to build a new pipeline of talent for the long term, says Komatsu CEO

March 19, 2022March 19, 2022 admin

Sustainability is the word keeping the mining industry on its toes, and striving to meet company-wide decarbonisation targets at the macro level and environmental, social and governance (ESG) goals on sites at the micro. Capping carbon emissions and adopting more sustainable mining methods has become a top priority for mining companies, from major to mid-tier to minor. MINING.com sat down with Jeff Dawes, of CEO Komatsu, one of the world’s biggest suppliers of industrial equipment to several industries to get his take on how OEMs are getting on the sustainability… Read More Here