International - Copperbelt Katanga Mining

Copper price at 1-month low on global sell-off as Evergrande crisis intensifies 1

Copper prices fell to one-month lows on Monday as traders tracked the risk of contagion from the debt crisis at developer Evergrande, which is fueling new fears about China’s growth path. Copper for delivery in December fell 3% from Friday’s settlement price, touching $4.116 per pound ($9,166 per tonne) midday Monday on the Comex market in New York. Benchmark copper on the London Metal Exchange earlier touched $9,052.50 a tonne, the lowest since Aug. 20. The property giant has started to repay investors in its wealth management business with property this… Read More Here

Gold International

Gold price edges higher as havens rally on growing Evergrande fears

September 21, 2021September 21, 2021 admin

Gold advanced Monday as fears of a spillover from debt woes of Asian real estate developer China Evergrande Group stoked demand for havens, outweighing concerns that the Federal Reserve’s reduction in stimulus could come soon. U.S. equities fell more than 2% as investor angst deepened over China’s real-estate sector and the Fed tapering. The dollar advanced to the highest level in nearly a month while Treasury yields slipped, boosting demand for non-interest bearing bullion. “Gold is actually acting as gold. It’s getting flight-to-safety buying due to concerns how bad we’re actually getting with news… Read More Here

Equipment & Technology International Mining technology

Australia’s big miners race to deploy emissions-free trucks

September 17, 2021September 17, 2021 admin

As pressure builds on the carbon-intensive mining industry to slash emissions, leading Australian players are rushing to decarbonize their truck fleet using a range of options from hydrogen to battery-powered vehicles. Fortescue Metals Group in June designed and built a hydrogen-powered haul truck — “the first of its kind in the world,” said Julie Shuttleworth, CEO of green technology unit Fortescue Future Industries. Site tests are scheduled to begin by June 2023. “All you could see was slight puffs of pure steam,” Fortescue Metals Chairman Andrew Forrest said of his experience driving the truck during an August earnings call.… Read More Here

Events & Expos International Mining technology

Komatsu emphasises automation at MINExpo

September 16, 2021September 16, 2021 admin

On the first day of MINExpo International, Komatsu Mining held a press conference with some of its senior executives that showcased the company’s strong automation focus. Shingo Hori, senior vice president, mining technology solutions at Komatsu, discussed the company’s automation strategic driver, noting that Komatsu’s FrontRunner autonomous haulage system (AHS) plays a key role in its roadmap to autonomy. The FrontRunner AHS is designed to support the transition to autonomy by enabling manually operated equipment, such as loaders, dozers, graders and light vehicles, to seamlessly interact in an autonomous truck… Read More Here

Equipment & Technology International Mining in Zambia Mining technology

First Quantum plans ‘world’s largest’ truck trolley fleet of Liebherr T 284s

September 16, 2021 admin

First Quantum has ordered three trucks for Sentinel copper mine in Zambia and eight for Cobre Panama. Liebherr has confirmed that First Quantum recently confirmed an order for 11 trolley-capable T 284 trucks to add to its fleets at mines in Panama and Zambia. First Quantum has ordered three trucks for Sentinel copper mine in Zambia and eight trucks for Cobre Panama copper mine. The deal comes after two Liebherr T 284 trucks with the Trolley Assist System were commissioned at Sentinel copper mine in 2016 and testing of the… Read More Here

Mining technology Equipment & Technology International Mining Supply Tenders

Metso Outotec wins $23M copper solvent extraction contract

September 16, 2021September 16, 2021 admin

Finnish mining engineering firm Metso Outotec has secured a € 20 million (US$23.6 million) contract to supply Florence Copper with copper solvent extraction and electrowinning technology. The technology will be delivered to a plant the Taseko Mines subsidiary will build in Arizona. The Metso Outotec delivery includes the modular VSFX solvent extraction plant and the main process equipment for the electrowinning plant. “We are very excited to have purchased the key SX/EW process equipment from Metso Outotec, a world leader in mineral processing and hydrometallurgical technologies. The VSF®X technology is… Read More Here

Equipment & Technology International Mining technology

New Cat 6040 Hydraulic Shovel to meet Tier 4 final and stage V emissions standards

September 15, 2021September 15, 2021 admin

Offering more drive options to meet the global mining industry’s needs, the new Cat 6040 Hydraulic Mining Shovel features an added engine configuration that meets U.S. EPA Tier 4 Final and EU Stage V emission standards. The new configuration includes two fuel-efficient Cat C32 engines, offering a total gross power rating of 1 550 kW (2,079 hp). Optimizing machine uptime and lowering operating costs, the engine package includes maintenance free Diesel Oxidation Catalysts (DOC) and does not require Diesel Exhaust Fluid (DEF)/AdBlue or Diesel Particulate Filters (DPF). The new engine… Read More Here

Equipment & Technology International Mining technology

Liebherr open protocol autonomy solutions, Hexagon Mining pact come to light at MINExpo 2021

September 15, 2021 admin

Liebherr has presented the world premiere of its new Mining Technology Product portfolio at MINExpo 2021, in Las Vegas, which, it says, defines the company’s interoperable and scalable approach to its equipment, technology and service product offerings. The Liebherr Mining Technology Product portfolio includes Machine Automation, Digital Services and Assistance Systems & On-board Analytics product lines, providing customers with, it says, flexible scope of supply solutions to increase safety and asset operational effectiveness. Together, these products will support operator’s performance, optimise diagnostic processes and automate machine functions, while integrating machine data… Read More Here

Equipment & Technology International Mining technology

Komatsu Testing Autonomous Water Truck Based on Mining Tech

September 15, 2021September 15, 2021 admin

Komatsu has been testing an autonomous water truck based on its Autonomous Haulage System (AHS) already at work in the mining industry. The technology on the concept HD785-7 truck autonomously controls both the truck’s movement and water disbursement through the same platform. The company is eyeing a 2022 commercial debut for the machine, also in mining. Komatsu’s AHS enables the water truck to travel autonomously on a pre-defined haul road and work cooperatively with other autonomous trucks and staffed equipment. The system controls the amount of water disbursed, according to the vehicle speed… Read More Here

Mining technology Equipment & Technology International

Epiroc adds to autonomous drilling portfolio with Pit Viper 291

September 15, 2021September 15, 2021 admin

Swedish mining engineering company Epiroc has launched the Pit Viper 291 blasthole drilling rig with improved autonomous features. The Pit Viper 291 is capable of 279mm to 311 mm diameter holes and has a 38 tonnes bit load capacity. It offers 356 kN of pulldown capacity, 156 kN of pulldown force and 11,000 ft-lbs of torque. The company said the single-pass rotary drill is designed to tackle larger diameter drilling in soft- to medium-ground conditions. Epiroc’s Rig Control System (RCS) allows the Pit Viper 291 to be configured with scalable automation… Read More Here