International - Copperbelt Katanga Mining

Cobalt to trade at $ 51,186.00 per tonne this week

September 2, 2021September 2, 2021 admin

The price per tonne of Cobalt is expected to fall on the international market in the first week of September 2021. In its report of August 30, 2021, the National Mercurial Commission of the Ministry of Foreign Trade informs that the main export mining products of the Democratic Republic of Congo (DRC) show a downward trend from August 30 to September 4, 2021. Cobalt is expected to drop from $ 52,205.00 to $ 51,186.00 per tonne this first week of September 2021. As a result, there is a negative price… Read More Here

International

Hot Chili accepts a A$14.4 Million Investment from Glencore

September 2, 2021September 2, 2021 Chilombo MahambaInvestment

Hot Chili (HCH:ASX), a leading junior copper developer in Chile, has announced a “strategic” investment by Glencore to acquire 9.99% interest in the company. The agreement is worth A$14.4 million. Glencore will have the right to appoint a Director to the Board of Hot Chili, and the right to appoint members to a Technical Steering Committee to advise on operational matters. It will be granted offtake agreements over 60% of concentrate produced for a period of 8 years from commercial production on arms-length commercially competitive benchmark terms. These rights are… Read More Here

Battery Metals International

BASF and Shanshan form battery materials joint venture in China

September 2, 2021September 2, 2021 admin

The new joint venture will focus on the rapidly growing electric vehicle segment in the world’s largest battery materials market China The combined technology expertise and market access will provide superior customer value, rapid innovation and cost competitiveness BASF advances its strategic roadmap towards a compelling global supply chain for battery cell manufacturers and OEMs in all key markets Ludwigshafen/Germany and Shanghai/China, August 31, 2021 – Following the approval of all relevant authorities, BASF and Shanshan have formed the joint venture “BASF Shanshan Battery Materials Co., Ltd.”. The new entity… Read More Here

RESEARCHERS DEVELOP NEW ‘KEY-HOLE’ SURGERY TECHNIQUE

September 2, 2021September 2, 2021 Chilombo Mahamba

A team of international researchers, including Dr Rich Crane from the Camborne School of Mines, University of Exeter, have developed a key-hole surgery which will extract metals, such as copper, from their parent ore body. The research team have provided a proof of concept for the application of an electric field to control the movement of an acid within a low permeability copper-bearing ore deposit to selectively dissolve and recover the metal in situ. This is in contrast to the conventional approach for the mining of such deposits where the material… Read More Here

Copper International

Copper price down as China factory activity slows

September 2, 2021September 2, 2021 admin

Copper prices fell more than 2% on Wednesday after data showed that factory activity slowed in August across swathes of Europe and Asia. In China, manufacturing contracted for the first time in nearly 1-1/2 years. Copper for delivery in December fell 2.3% from Tuesday’s settlement price, touching $4.275 per pound ($9,405 per tonne) on the Comex market in New York. The state reserves administration in China also released 150,000 tonnes of copper, aluminum and zinc into the market, on the third round of metal auctions that helped to cool the rally in copper… Read More Here

Gold International

Gold price holds ground with all eyes on US jobs data

September 2, 2021September 2, 2021 admin

Gold prices traded within in a tight range on Wednesday as investors held off from making large bets as they prepared for key US jobs data that could influence the Federal Reserve’s stimulus tapering strategy. Spot gold slipped 0.2% to $1,811.18 per ounce by 11:15 a.m. EDT, holding above the key $1,800 level. The most active gold futures contract fell 0.4% to $1,811.00 per ounce in New York. Meanwhile, the dollar index edged up from a one-month low, making bullion more expensive for holders of other currencies. The US non-farm… Read More Here

Equipment & Technology International Mining technology

Komatsu Forms Alliance with Mining Companies in an Approach to Sustainable Mining

September 1, 2021September 1, 2021 Chilombo Mahamba

Komatsu has announced a collaborative customer alliance to advance zero-emission equipment solutions. It is being called the Komatsu Greenhouse Gas (GHG) Alliance. The founding members of the alliance are Rio Tinto, BHP, Codelco and Boliden. BHP will provide engineering and technical resources to Komatsu to support the development phase as required. These activities will provide BHP with real-time access to technology in development, with Komatsu drawing upon BHP’s mining expertise to accelerate its path to market. Additionally, BHP and Komatsu will collaborate through the BHP FutureFit Academy to develop the… Read More Here

Safety & Health International Mining safety

ICCM publishes updated practice guide for Water Reporting in the Mining Industry

August 31, 2021August 31, 2021 arnbethnic

A new practice guide from The International Council on Mining and Metals states that there is need for Corporate transparency around water in the mining and metals industry. This new guide; Outlines the importance of site level information as the fundamental building block of consistent reporting; and provides points to consider when developing and compiling site level metrics and assessments for the purpose of external reporting. Outlines points to consider when preparing external reports to meet the minimum reporting commitments. Summarises mappings between ICMM water reporting metrics and key external… Read More Here

Aluminium International

The price of aluminum at the highest level for 13 years

August 31, 2021August 31, 2021 admin

Aluminum prices in Shanghai climbed to their highest level in more than 13 years on Monday amid supply issues in China and optimistic sentiment after US Federal Reserve Chairman Jerome Powell adopted a more conciliatory tone in a long-awaited speech. The most traded October aluminum contract on the Shanghai Futures Exchange rose 4.2% to 21,550 yuan ($ 3,332.41) per tonne, its highest level since August 1, 2008, before edging down decline to close at 21,495 yuan per ton, still up 3.9%. The metal has jumped over 30% this year, just behind… Read More Here

Cobalt International Mining in DRC

Cobalt producers in race to cover the growing supply gap – report

August 31, 2021August 31, 2021 admin

The exponential demand growth for cobalt is placing pressure on producers to increase supplies to cover the growing supply gap as electric vehicle (EV) penetration rates in auto production rise above 50% by 2030, new analysis by Bank of America Global Research has found. The bank’s Global Commodity Research team suggests three routes to bridging the supply gap: production increases at miners and refiners; improved processing technology; and recycling. THE RISK OF COBALT SHORTFALLS COULD TURN INTO A CONSTRAINT TO EV BATTERY PRODUCTION IN THE COMING YEARS Sibanye-Stillwater (JSE: SSW), which… Read More Here