International - Copperbelt Katanga Mining

World’s cobalt supply deficit is shrinking, says S&P

September 30, 2021September 30, 2021 admin

A market deficit for cobalt is shrinking as the world’s top producers of the prized metal expand production to meet the demand for batteries used in electric vehicles (EVs), according to a new report by S&P Global Intelligence. With a spoke in EV sales this year, demand for cobalt drove major producers to plan to increase output at mine sites in the Democratic Republic of Congo (DRC) and balance the market, says S&P. Some EV-makers have begun seek alternatives to the battery metal, which provides stability to the battery cathode, but is costly and linked to allegations of human rights abuses of artisanal miners in the DRC. Market Intelligence says the metal… Read More Here

Copper International

Copper price falls on China power squeeze worries

September 30, 2021September 30, 2021 admin

Copper prices fell on Wednesday as investors reduced risk exposure amid uncertainty caused by a power curtailment in China. The most-traded November copper contract on the Shanghai Futures Exchange fell 0.9% to 68,600 yuan ($10,609.00) a tonne. On the Comex market in New York, copper for delivery in December fell 0.5% from Tuesday’s settlement price, touching $4.222 per pound ($9,288 per tonne) midday Wednesday. Power restrictions in China have hurt supplies of some metals in recent months, but electricity curbs recently spread to more downstream sectors and dampened manufacturing, hurting the demand for… Read More Here

Gold International

Gold price woes continue on rising dollar, yields

September 29, 2021September 29, 2021 admin

Gold extended losses on Tuesday with the US dollar and Treasury yields both staying strong, as investors await the outcomes of a mandated speech given by Federal Reserve chair Jerome Powell to the Congress. Spot gold dropped 0.7% to $1,738.97 per ounce by 11:45 a.m. EDT, after falling by more than 1.0% earlier in the session. Gold futures were also down 0.7%, trading at $1,739.40 per ounce in New York. Meanwhile, benchmark US Treasury yields gained for a fourth consecutive day to hit a more than three-month peak. The dollar… Read More Here

Equipment & Technology International Mining technology

Liebherr Mining presents next generation, interoperable machine automation

September 28, 2021September 28, 2021 admin

At MINExpo 2021Liebherr showcases the development of autonomous solutions supported by an open and interoperable mine autonomy platform. Liebherr has developed an industry-first open protocol, to deliver next generation autonomous haulage solutions. Semi-automatic Bucket Filling Assistant and the new LiReCon teleoperations system offer the first steps towards machine automation for Liebherr’s excavator and dozer product lines. Liebherr Mining’s machine automation philosophy supports open and interoperable mine automation platforms, giving customers choice in their equipment, autonomy, and infrastructure ecosystem. The developments in Liebherr’s autonomous haulage technology, as well as the first… Read More Here

Mining in DRC Cobalt International

Cobalt investments seen shifting from DRC to ‘bright spot’ Australia

September 27, 2021September 27, 2021 admin

Although the Democratic Republic of Congo (DRC) will remain the leading producer of cobalt in the coming years, investments are likely to shift to Australia, which is seen as a “bright spot” for miners and offtakers seeking to avoid human rights and environmental risks associated with cobalt mining in the DRC. “Australia represents a much lower risk environment if the EU seeks to reduce its dependency on the DRC for cobalt,” research firm Fitch Solutions said on Thursday. Australia’s mining regulations prioritise sustainable extractive processes, which Fitch said would prove appealing for countries with strong environmental standards. The EU, for instance, was… Read More Here

International

Nokia and AngloGold Ashanti conduct wireless 5G test for underground mining

September 27, 2021September 27, 2021 Chilombo Mahamba5g

Nokia and AngloGold Ashanti Colombia drive digital transformation in Colombia with country’s first private wireless 5G test for underground mining 5G stand-alone (SA) industrial-grade private wireless network deployed in outdoor rural environment in Jerico Antioquia Four use cases tested, proving potential of 5G for safety, sustainability, automation, productivity and reliability in an industrial mining ecosystem Test involved close collaboration of companies seeking to accelerate adoption and digitization of Industry 4.0 and digital mining in Colombia Nokia and AngloGold Ashanti Colombia, in collaboration with Epiroc, Sandvik, Tigo and OSC Top solutions, conducted the first… Read More Here

Copper International

Copper price bounces back on Evergrande deal

September 23, 2021September 23, 2021 admin

The copper price rebounded on Wednesday after China Evergrande Group said it reached an agreement with yuan bondholders on an interest payment. Copper for delivery in December rose 3% from Tuesday’s settlement price, touching $4.250 per pound ($9,350 per tonne) midday Wednesday on the Comex market in New York. The main property unit of the Chinese real estate giant announced a deal over a $35.9 million bond interest payment which is due on Thursday. However, the world’s most indebted developer is also due to make an $83.5 million interest payment… Read More Here

Diamond International Mining in DRC

The United Arab Emirates remains the first destination for Congolese diamonds

September 22, 2021September 22, 2021 admin

In the first half of 2021, the Democratic Republic of the Congo exported 4,185,007.35 carats to the United Arab Emirates for a value of 39 million USD 14,956.93. Which makes the United Arab Emirates the number one destination for Congolese diamonds, according to data from the Ministry of Mines. The second destination for Congolese diamonds is Belgium with 1,795,323.33 carats imported by this country for a value of 23 million 1,948.00 USD. The other export destinations for Congolese diamonds are India with 381,547.58 carats imported for a value of 3 million… Read More Here

Equipment & Technology International Mining technology

Metso Outotec integrates fine-grinding solutions into plant unit

September 22, 2021September 22, 2021 admin

Metso Outotec has announced it will consolidate and integrate its fine grinding solutions. Finnish mining engineering company Metso Outotec has announced it will consolidate and integrate its fine grinding solutions into a new stirred mill plant unit. The units integrate Metso Outotec’s existing stirred mills products with other proprietary technology products including hydrocyclones, samplers, analysers, and slurry pumps By integrating existing products, Metso Outotec said it can offer a process performance guarantee based on testing of representative samples and a Total Cost of Ownership (TCO) calculation co-created with its customers. Existing… Read More Here

Copper International

Copper price back below $9,000 on Evergrande jitters

September 22, 2021September 22, 2021 admin

The copper price fell on Tuesday as a debt crisis at property giant China Evergrande Group spurred a sell-off across markets and stoked worries about the demand for the metal used widely in construction. Copper for delivery in December fell 0.6% from Monday’s settlement price, touching $4.090 per pound ($8,998 per tonne) midday Tuesday on the Comex market in New York. “Copper prices are falling in sympathy with risk-off trading and weak sentiment because of Evergrande,” said Giles Coghlan, analyst at HYCM. “It is a concern in the short term, but I… Read More Here