International - Copperbelt Katanga Mining

Copper price rises on stimulus hopes in China

January 20, 2022January 20, 2022 admin

The copper price rose on Wednesday, supported by expectations of further policy easing in China. March delivery contracts were exchanging hands for $4.48 a pound ($9,856 a tonne) on the Comex market in New York, up 2.3% compared to Tuesday’s closing. The most-traded March copper contract on the Shanghai Futures Exchange was steady at 70,050 yuan ($11,026.46) a tonne. China, the world’s biggest buyer of metals, has been mired in a property market slump, credit stress and repeated virus outbreaks. In response, the central bank this week cut its policy interest rate for… Read More Here

Gold International

Gold near highest since November as traders seek inflation hedge

January 20, 2022January 20, 2022 admin

Gold held near the highest level in almost two months amid demand for an inflation hedge, while the bond market sell-off stalled and US equities continued to retreat. President Joe Biden said it’s the Federal Reserve’s job to rein in the fastest pace of inflation in decades, and supported the central bank’s plans to scale back monetary stimulus. The yield on 10-year Treasuries slipped from the highest level since January 2020, while the S&P 500 fell 1% Wednesday. Geopolitical tensions are also supporting demand for the haven asset. Biden said he thinks Vladimir Putin… Read More Here

Mining in Zambia International Mining Companies

Tertiary Minerals Raises GBP500,000 For Metal Exploration in Nevada & Zambia

January 20, 2022January 23, 2022 admin

Aim-listed Tertiary Minerals has raised £500 000 before expenses through a placing of over 294-million new ordinary shares in the company. The placing was arranged through the company’s joint broker Peterhouse. The placing shares are expected to be admitted to trading on Aim on or about January 24. Additionally, Tertiary is making a further 58.8-million new ordinary shares available to provide qualified Tertiary shareholders and other qualified investors with an opportunity to participate in the fundraising. The broker option shares are available to qualified shareholders or other qualified investors via… Read More Here

International Lithium Mining technology

Sunresin’s Lithium Extraction Technology Opens a New Chapter in Southwest China

January 19, 2022January 19, 2022 admin

On January 10, Sunresin and Tibet Mineral Development Co.,Ltd signed a 10,000-ton lithium hydroxide contract featuring the Jiezechaka Salt Lake. According to the contract, Sunresin will undertake the construction of the 10,000-ton/year lithium hydroxide production line from salt brine, and provide operation management services for a period of 15 years, contributing to a total of 150,000 tons of standard lithium hydroxide to the market. The contract also includes the intention for Sunresin to provide services for the construction and operation management of the second phase of 20,000 tons and the… Read More Here

Gold International

Gold steady as investors weigh policy outlook, omicron concerns

January 17, 2022January 17, 2022 admin

Gold was steady as investors weighed the outlook for tighter monetary policy and the threat of the omicron virus variant to the global economic recovery. Billionaire investor Bill Ackman said the Federal Reserve is losing its battle against inflation and should raise its key interest rate by a bigger-than-expected 50 basis points in March to “restore its credibility.” Facing pressure from Congress and the public to tackle the hottest inflation since the 1980s, a chorus of officials this month floated raising rates in March and the potential need to hike as many… Read More Here

Gold International

Barrick Gold estimates set the price of an ounce of gold above 1700 USD in 2022

January 17, 2022January 17, 2022 admin

According to Mark Bristow, Gold should trade between 1750 US dollars and just over 1800 USD per ounce in 2022. A declaration made in Riyadh, on the sidelines of the first major mining conference in Saudi Arabia. The boss of Barrick Gold believes that the risks of falling gold prices in 2022 are lower. “I don’t think there’s a lot of downside risk,” he explained. Meanwhile, other analysts see gold falling considerably this year, in particular because of the increase in the key rate of the American Federal Reserve, which would… Read More Here

Equipment & Technology International Mining technology

MGX and Metso Outotec strike silicon deal

January 14, 2022January 14, 2022 admin

The company said Metso Outotec had been tasked with providing design, equipment and mechanical engineering to process high-grade silica MGX Minerals, a Canada-based mining and technology company, has signed an agreement with Finnish engineering equipment provider Metso Outotec to upgrade its silicon project in British Columbia. The company said Metso Outotec had been tasked with providing design, equipment and mechanical engineering to process high-grade silica from its Gibraltar silica deposit into silicon metal. The company said the primary piece of process equipment would be a submerged arc furnace. The electric… Read More Here

International Equipment & Technology Mining technology

Epiroc launches Mobius for Drills, a data hub for mine operations

January 13, 2022January 13, 2022 admin

Epiroc, a leading productivity partner for the mining and infrastructure industries, in partnership with ASI Mining LLC, introduces Mobius for Drills, a new platform to convert data into useful, actionable information. Mobius for Drills will lead mines toward automation and connectivity. Featuring embedded artificial intelligence, the user-friendly Mobius system enables multi-vehicle command, control and monitoring to maximize productivity and safety. “We think of it as a tool to directly support making quick and effective interrelated decisions. Mines can get greater productivity and economies of scale as a single operator controls… Read More Here

Nickel International

Tesla signs $1.5 billion deal for nickel from Talon Metals’ Minnesota project

January 13, 2022January 13, 2022 admin

Tesla on Monday said it has signed its first US supply deal for nickel, tapping Talon Metals Corp’s Tamarack mine project in Minnesota. Under the terms of the deal, which Talon (TSX:TLO) said came after “extensive and detailed” due diligence and “lengthy negotiations,” Tesla will buy 75,000 tonnes (165 million pounds) of nickel over six years, with an option to increase the delivered tonnage. Based on the ruling nickel price the deal is nominally worth more than $1.5 billion. Any iron and cobalt by-products at the proposed mine are also part of the deal.… Read More Here

Battery Metals International Lithium

Supply squeeze risks are pushing lithium price higher and higher

January 12, 2022January 12, 2022 admin

Lithium has burst into 2022 with a fresh price spike that hands electric-vehicle makers more warning of even sharper cost pressures to come. Supplies of the mainstay battery material face a series of near-term risks that threaten deeper shortages just as demand accelerates with rising global EV adoption. An already-tight market is being roiled by everything from plant maintenance and Winter Olympics curbs in China, to pandemic-related labor shortages in Australia. That’s set to ratchet up the squeeze on EV manufacturers after a year that saw global lithium prices almost… Read More Here