International - Copperbelt Katanga Mining

Robert Friedland, the master of spin, bowls another beauty with latest copper project

August 30, 2021August 30, 2021 admin

On May 26 this year, Friedland brought Phase 1 of the 3.8 million tons a year Kamoa-Kakula copper mine in the Democratic Republic of Congo (DRC) into production several months ahead of schedule and just over five years since the Kakula deposit was discovered. Never one to hold back from blowing his own trumpet Friedland declared that timetable represented “remarkable progress by the mining industry’s glacial standards from first drill hole to a new, major mining operation. “The initiation of production puts us on the path to establish Kamoa-Kakula as… Read More Here

Battery Metals International Lithium

Tesla needs to perform delicate balancing act when it comes to lithium mining – expert

August 30, 2021August 30, 2021 admin

Tesla’s promise to slash battery costs by 50% has led the carmaker to dabble into a whole new field of making its own battery cells and, therefore, looking into manufacturing cathodes and extracting associated raw materials. But the risks linked to this new line of work mean that Tesla has to perform a delicate balancing act where it tends the increasing demand for electric vehicles and the fact that activists, car buyers, and investors want every step of the process of making an EV to be respectful towards the environment… Read More Here

Equipment & Technology International Mining Equipment Mining technology

Pronto AI to introduce its A2B autonomous mine haulage system at MINExpo 2021

August 29, 2021August 31, 2021 arnbethnic

Pronto AI is another newcomer bringing a fresh Silicon Valley mindset to the challenges of autonomous haulage in mining. At MINExpo 2021 this year it is set to introduce its A2B AHS based on trials with a fully equipped Bell B50E ADT. The company has impressive credentials – Pronto AI was founded in 2018 and in that same year became the first, and still the only, company to successfully drive coast-to-coast in the United States without a single driver input. It says it is also the technology provider for the… Read More Here

Gold International

Gold price lifted by Fed’s dovish remarks on tapering

August 28, 2021August 28, 2021 admin

Gold climbed higher on Friday as Federal Reserve chairman Jerome Powell stopped short of signaling when the central bank would dial back its economic support, while reiterating his view that the current price spikes are transitory. Spot gold rose 1.1% to $1,811.51 per ounce by 11:50 a.m. EDT, breaking past the $1,800 level for the second time this week. US gold futures were up 0.9%, trading at $1,811.60 per ounce in New York. In a virtual speech at the Jackson Hole symposium earlier, Powell stated that the central bank could begin reducing… Read More Here

International Mining technology

Sandvik to acquire CNC Software

August 27, 2021August 27, 2021 admin

Sweden’s Sandvik plans to acquire US-based Computer Aided Manufacturing software company CNC Software. CNC Software, which will be reported in the Design & Planning Automation division within Sandvik Manufacturing and Machining Solutions, will add a “world-class” CAM brand in the Mastercam software suite, said Sandvik. CNC has a base of around 270,000 licenses/users, as well as a strong market reseller network – financial details of the deal were not disclosed. “This is in line with our strategic focus to grow in the digital manufacturing space, with special attention on industrial… Read More Here

Diamond Equipment & Technology International

UMS to bring in the heavyweights for shaft sinking at Karowe Mine

August 27, 2021August 27, 2021 admin

With a team comprising some of the most experienced professionals in shaft sinking, United Mining Services (UMS) is gearing up for the pre-sinking of two shafts for the Karowe Underground Mine Expansion Project (UGP) in Botswana. Following the completion of the feasibility study for the Karowe UGP, UMS was appointed by Lucara Botswana Pty Ltd and JDS Energy & Mining Inc. in October 2019 to engineer and design the shaft sinking of the production shaft (8,5 m in diameter), and the ventilation shaft (6 m diameter), both reaching a depth… Read More Here

Copper International

Copper price rises following good outlook for Chinese demand

August 26, 2021August 30, 2021 admin

The price of copper climbed for the fourth day as China’s success in containing a sprawling covid-19 epidemic boosted confidence in the demand outlook. Physical market indicators suggest that the country’s appetite for copper is accelerating rapidly. Copper for September delivery was up 1% from Tuesday’s settlement price, reaching $ 4.3025 per pound (9,465 per tonne) in the New York Comex market. There are also signs that last week’s price drop is encouraging consumers to return to the market, while simultaneously discouraging scrap copper suppliers from making sales. At the end of last week, high-grade copper scrap… Read More Here

International Mining technology

Sandvik raises revenue target for Manufacturing Solutions segment

August 26, 2021August 26, 2021 admin

Sweden’s Sandvik said on Wednesday it had set new financial targets for its business segment Manufacturing Solutions, lifting the unit’s goal for sales in the wake of several recent acquisitions. The world’s biggest maker of metal-cutting tools said it was lifting the unit’s revenue target for 2025 to 6 billion crowns ($689.35 million) from 4 billion previously. The unit recorded sales of around 800 million crowns in 2020. Sandvik has recently announced several acquisitions, including Cambrio, DWFritz Automation, and, earlier on Wednesday, CNC Software. “I am very pleased that we… Read More Here

Gold International

Gold price retreats past $1,800 as dollar halts slide

August 26, 2021August 26, 2021 admin

Gold prices retreated below $1,800 on Wednesday as the US dollar halted its slide, while investors sought cues on the timeline of monetary tapering from the US Federal Reserve’s symposium later this week. Spot gold declined 0.9% to $1,786.96 per ounce by 11:45 a.m. EDT. US gold futures were down 1.1% at $1,788.90 per ounce in New York. Earlier this week, gold surged to its highest in nearly three weeks, driven by a broad retreat in the dollar. “We’re seeing a slight recovery in the dollar and also some investors taking out… Read More Here

Iron Ore International

Iron ore price down as China’s steel output slows

August 25, 2021August 25, 2021 admin

Iron ore prices retreated again on Monday on rising supply and steel output control in China. According to Fastmarkets MB, benchmark 62% Fe fines imported into Northern China were changing hands for $136.71 a tonne, down 2.8% from Friday’s closing. Supply from Australia has been steady as the impact of earlier weather-related disruptions faded, while Brazil’s shipments are starting to trend higher as the country’s output recovers from the effects of the coronavirus pandemic. Meanwhile, it seems clear that China’s instruction that steel production for 2021 shouldn’t exceed the record 1.065 billion tonnes from… Read More Here