International - Copperbelt Katanga Mining

Fortescue Metals to eliminate scope 3 emissions by 2040

October 5, 2021October 5, 2021 admin

Fortescue Metals Group (ASX: FMG), the world’s fourth largest iron ore producer, became on Tuesday the first major miner to commit to achieving net zero scope 3 emissions, those produced by its customers including steel makers, by 2040. The Australian miner put its closest rivals BHP, Rio Tinto and Vale to shame earlier this year after announcing it had brought forward a self-imposed deadline of reaching net zero scope 1 and 2 emissions to 2030. That’s about two decades earlier than the other three iron or producers. Fortescue is seeking to move from being a major consumer of fossil fuel, with a current trajectory of more… Read More Here

Metso Outotec wins Canadian cobalt refinery contract

October 5, 2021October 5, 2021 admin

Canada’s First Cobalt has awarded a contract to mineral processing and metal refining solutions company Metso Outotec for the design and manufacturing of solvent extraction cells, as well as technical support for the layout of a new solvent extraction plant and its process control. The solvent extraction contract is the biggest and most important equipment package for the refinery, which First Cobalt is in the process of restarting to supply cobalt sulphate for electric vehicles (EVs). First Cobalt said it had received several tenders from global vendors and Metso Outotec… Read More Here

International Mining technology

Sandvik completes DWFritz Automation acquisition

October 5, 2021October 5, 2021 admin

Sweden-based mining solutions provider Sandvik has completed the acquisition of metrology and automation company DWFritz Automation, a company that designs, builds and supports engineer-to-order metrology solutions and automation systems. The company struck the original agreement in July 2021 to expand its metrology offering and improve its high-speed, high-volume, non-contact inspection and assembly automation portfolio. The company did disclose the financial details of the deal. The agreement follows a series of similar acquisitions in 2021 and 2020 designed to diversify its offerings and improve its market presence across the mining industry. In August 2021, it… Read More Here

Equipment & Technology International Mining technology

ABB develops trolly-truck system for mining

October 5, 2021October 5, 2021 admin

ABB has entered into a collaboration with Epiroc and Boliden, a mining equipment manufacturer and mining company from Sweden. The trio is working to develop and demonstrate a trolley truck system on a test track at the Kristineberg mine in northern Sweden. The system will be based on Epiroc’s zero-emission mine transport vehicle Minetruck MT42 Battery and installed at Boliden’s Kristineberg mine. The vehicle will be equipped with a current collector and connected to an overhead line system. ABB says it will be primarily responsible for the design of the… Read More Here

Equipment & Technology International

Komatsu unveils a line-up of sustainable mining machines

October 4, 2021October 4, 2021 admin

With a long history of mining equipment manufacturing, Komatsu has turned its attention to the development of sustainable electrified solutions To meet sustainability goals, mining businesses must make some serious changes to the way they operate. Thanks to Komatsu, there is hope for many more developments in sustainable mining machinery for processes like haulage, loading, excavating and underground mining. MINExpo 2021 revealed some of the greatest mining machinery triumphs that are suitable for various applications within the industry. Electrifying mining haulage Komatsu is currently in the process of testing various power sources for… Read More Here

Mining in DRC Battery Metals International Lithium

Chinese to plough US$400m into AVZ lithium project

September 30, 2021September 30, 2021 admin

AVZ Minerals has locked down US$400 million in funding, a new off-take partner and Chinese backers with very deep pockets and an intimate understanding of lithium battery manufacturing. It looks like it’s game on now for AVZ’s extraordinary Manono lithium project in the DRC after Suzhou CATH Energy Technologies, or “CATH” agreed to pick up 24 per cent of the project for US$240 million and also stump up its share of the project’s CAPEX. In total, the transaction will inject more than US$400 million into the project, which AVZ says… Read More Here

Gold International

Gold price shoots higher on US labor data disappointment

September 30, 2021September 30, 2021 admin

Gold prices advanced past the key $1,750 level on Thursday as investors sought haven after a new labor report pointed to an uneven recovery in the US jobs market. Spot gold rose 1.7% to $1,757.38 per ounce by 11:55 a.m. EDT, its highest level in more than a week. US gold futures gained 2.1% to trade at $1,760.30 per ounce in New York. Still, gold is on course for its biggest monthly loss since June, with precious metals pressured by the prospect of a pullback in stimulus measures by the Federal Reserve.… Read More Here

Copper International

Copper price down on Fed taper talk

September 30, 2021September 30, 2021 admin

Copper prices fell on Thursday as the prospect of the US Federal Reserve scaling back its pandemic stimulus pressured the metal used to gauge global economic health. Copper for delivery in December fell 2.1% from Wednesday’s settlement price, touching $4.104 per pound ($9,028 per tonne). The most-traded November copper contract on the Shanghai Futures Exchange dropped 0.9% to 68,030 yuan a tonne, and dipped 0.1% on a quarterly basis, on track for its first fall since the quarter ended March 2020. A key focus of financial markets in the third quarter… Read More Here

Equipment & Technology International Mining technology

Metso Outotec launches digital tools to improve plant maintenance

September 30, 2021September 30, 2021 admin

Company says solutions can improve process performance and reduce energy consumption. Metso Outotec has started launching what it calls “leading-edge” digital solutions to ensure the optimal operation and maintenance of iron ore pelletising plants over their entire lifecycle. The company said it is part of a broader effort to improve process performance, production capacity and product quality while at the same time cutting reducing energy consumption and maintenance costs. The new digital solutions include the Metso Outotec Control System OCD-4D and the Planet Positive Optimus advanced process control system for… Read More Here

Copper International Nickel

Botswana sells troubled state-owned mine to Canada’s Premium Nickel Resources

September 30, 2021September 30, 2021 admin

Canada’s Premium Nickel Resources (PNR) will buy Botswana’s defunct, state-owned BCL copper mine with a view to restarting operations within three years, Minister of Minerals, Green Technology and Energy Resources Lefoko Moagi said late on Tuesday. PNR was awarded an exclusive right to undertake six months of due diligence on BCL, placed under liquidation in 2016, in February. It has now signed a deal to purchase two of the three shafts at the site and some associated infrastructure, Moagi said, without disclosing a value. “All the assets that have not… Read More Here