International - Copperbelt Katanga Mining

Copper edges higher as Russian troops return to base

February 15, 2022February 15, 2022 admin

Copper prices ticked higher on Tuesday after Russia returned some troops to base after exercises near Ukraine, easing fears about a potential invasion and boosting financial markets. Three-month copper CMCU3 on the London Metal Exchange (LME) rose 0.7% to $9 985 a tonne by 11:15 GMT after a 0.6% gain the previous day. It was unclear how many Russian units were being withdrawn to their bases after an estimated 130 000 Russian troops had been moved close to the Ukraine border. “The metals markets in the short-term remain at the mercy of… Read More Here

International Mining technology

BHP first-half profits beats estimates and triggers talk of M&A

February 15, 2022February 15, 2022 admin

BHP Group announced a record dividend payout after reporting an estimate-beating first-half profits on Tuesday, helped by higher commodity prices, despite a cutback in demand from top metals consumer China. The miner has had a busy six months marked by sweeping changes, including selling its $13-billion petroleum business and a listing unification, while managing pandemic-related disruptions to its business. Iron ore prices, however, have halved from last year’s record levels as China’s push to curb emissions and easing construction activity in the country’s debt-laden property sector curtailed demand. Commodity price volatility will… Read More Here

Gold International

Gold eases from 3-month highs, palladium investors wary of Ukraine conflict.

February 14, 2022February 14, 2022 admin

Gold prices fell on Monday, as the U.S. dollar gained, with worries around the Russia-Ukraine conflict limiting losses of the safe-haven metal and keeping palladium traders on tenterhooks. Spot gold was down 0.2% to $1,855.86 per ounce by 1030 GMT. On Friday, prices jumped the most since mid-October and hit their highest level since Nov. 19 at $1,865.15. U.S. gold futures rose 0.6% to $1,853.70. “Gold had a classic safe haven jump on Friday… (but) the problem with safe haven spikes is that they never really last for that long,”… Read More Here

Battery Metals Cobalt International

WORLD: the sale of electric cars doubles in 2021 to reach 6.6 million pieces sold against 3 million in 2020 (IEA)

February 14, 2022February 14, 2022 admin

Data from the International Energy Agency (IEA) released at the end of January 2022 indicated that automakers sold 6.6 million electric cars in 2021 compared to 3 million the previous year, double the sale of the latter. The uptrend is set to continue into 2022 and beyond as one auto industry giant after another announces multi-year plans to go all-electric. This table reflects the start of the electric vehicle boom announced several years ago. Also, a business opportunity in the Democratic Republic of Congo (DRC) because of its potential in mining… Read More Here

International Equipment & Technology Mining Equipment

5 Ways Quality Earthmoving Equipment Can Improve Your On-Site Efficiency

February 13, 2022February 13, 2022 arnbethnic

Moving earth is a vital component of a range of jobs on the construction site. For this reason, it is a job that should be as safe, easy and time-efficient as possible for you and your team. We’ve taken a look at the ways quality earthmoving equipment can help improve progress and efficiency on your next project, so you spend less time preoccupied with minor tasks and more time dedicated to the tasks that are more important. All machines have a use-by date Cost is usually the number-one concern in… Read More Here

Mining in DRC Cobalt International

A ton of Cobalt is trading at 75,055.19 USD on the international market (BCC)

February 12, 2022February 12, 2022 arnbethnic

The world prices of the main raw materials exported by the Democratic Republic of Congo remain at remunerative levels driven by world demand, informs the Central Bank of Congo (BCC). Illustrating the upward trend of these products in its weekly information note on the country’s economic situation, the BCC indicated that on February 3, world prices for a tonne of cobalt stood at 75,055.17. U.S. dollars. For this period, the ton of copper sells for 9875.0 US dollars on this same market. This improvement in the world prices of raw… Read More Here

Equipment & Technology International Mining technology

Used oil pioneer BME grows its green partnerships

February 11, 2022February 14, 2022 arnbethnic

Leading the field in the way it incorporates used oil into its emulsion explosives, Omnia Group company BME is extending the benefits of this growing sustainability initiative to mining customers and other approved partners. With its innovative culture and decades of successful blasting operations, BME has become the leading consumer of used oil in the explosives sector. This harmful waste product is used as a fuel agent in the company’s high-quality emulsions, ensuring that it is safely disposed of during the blasting process. “Through our large collection network, we can… Read More Here

Gold International

Gold heads for weekly gains as stocks drop before US data jobs

February 4, 2022February 4, 2022 admin

Gold headed for a weekly advance as US equities fell after Meta Platforms suffered a historic share-price rout, while investors awaited a key jobs report for more clues on the Federal Reserve’s monetary policy path. The Facebook parent plunged 26% Thursday on the back of woeful earnings results, erasing about $251-billion in market value in the biggest one-day wipeout for any US company. Concerns over tightening monetary policy also contributed to the worst slide for American technology shares since 2020. January’s employment report due Friday is expected to be weak… Read More Here

Equipment & Technology International Mining technology

BHP reports lower volumes at Olympic Dam due to a planned smelter maintenance campaign

February 4, 2022February 4, 2022 admin

BHP has reported lower volumes at Olympic Dam due to a planned smelter maintenance campaign, completed in January 2022. This was partially offset by higher volumes at Antamina. Escondida copper production decreased by 15% to 488 000 t due to concentrator feed grade decline, despite a record performance for material mined. Metallurgical coal production for the December quarter was stagnant compared with the previous quarter, reaching 8.8-million tonnes, but down 8% in the half-year, to 17.6-million tonnes. BHP reported that Queensland coal production decreased due to significant wet weather, with… Read More Here

Battery Metals International Lithium

Glencore to build UK battery recycling plant

February 4, 2022February 4, 2022 admin

Switzerland-based mining company Glencore has entered a joint venture with a Britain-based investor in battery cell technologies and research and development, Britishvolt, to build a battery recycling system in the UK, including a new plant. The agreement, according to Glencore, would develop a “world-leading ecosystem” for battery recycling in the UK. The plant would be located at the Britannia Refined Metals (BRM) operation in Northfleet. Once complete, the plant will be Glencore and Britishvolt’s first battery recycling facility in the UK, with an expected processing capacity of a minimum of… Read More Here