International - Copperbelt Katanga Mining

RANKED: World’s 10 biggest copper mining companies

August 24, 2021August 24, 2021 admin

Following the rampant surge in copper prices earlier this year, competition amongst miners to supply the metal vital to the green energy transition is fierce. Global copper supply is dominated by mining giants, with the top 10 companies making up for more than half of the world’s output. In an unprecedented year marked by disruptions due to the global pandemic, copper mine production was contingent on how each company overcame operational challenges. Chile’s Codelco, by far the biggest copper company, avoided significant impact to its output by implementing a four-phase plan to keep production… Read More Here

Gold International

Gold price back above $1,800 on deepening virus concerns

August 24, 2021August 24, 2021 admin

Gold prices rose above $1,800 per ounce on Monday after the US dollar retreated from multi-month highs, while investor concerns that the Delta coronavirus variant could dampen the pace of global economic recovery also lifted bullion’s safe-haven appeal. Spot gold rose 0.5% to $1,801.63 per ounce by 11:30 a.m. EDT, the highest in over two weeks. US gold futures jumped 1.2%, trading at $1,805.30 per ounce in New York. Meanwhile, the dollar index was down 0.4%, easing off the 9-1/2-month high hit last week, bolstering gold’s allure for holders of… Read More Here

Mining technology Events & Expos International

Sandvik launches microsite for MINExpo INTERNATIONAL 2021

August 23, 2021August 23, 2021 admin

Sandvik Mining and Rock Solutions has launched a microsite for MINExpo INTERNATIONAL 2021, designed to provide a rich digital experience for customers who are not able to attend mining’s largest tradeshow. Drawing on Sandvik’s successful “Innovation in Mining Virtual Event” last September, the microsite will enable those who will not be in Las Vegas to share the MINExpo INTERNATIONAL 2021 experience. During the countdown to MINExpo, the first iteration of the microsite features a welcome video from Henrik Ager, President of Sandvik Mining and Rock Solutions, and a content library containing videos,… Read More Here

Energy International

Glencore-Merafe Chrome Venture expected to benefit from energy deregulation in South Africa

August 23, 2021August 23, 2021 admin

A new report by Roskill states that the Glencore-Merafe Chrome Venture, which runs seven chrome mines and five ferrochrome plants in South Africa, may benefit in terms of market share from the progressive deregulation of the country’s energy landscape. Roskill makes the case for Glencore-Merafe on the basis of the JV’s recent announcements related to various clean energy, self-generation and cogeneration project. The market analyst says it is important to keep in mind the context within which these announcements are taking place, which is one where the South African government is working towards… Read More Here

Mining technology International

BME well-aligned with mining’s safety, sustainability vision

August 20, 2021August 20, 2021 admin

As the mining sector looks ahead to a brighter and more sustainable future, Omnia Group company BME has built a strategic foundation to support its mining customers’ ambitious vision for the future. While southern Africa’s mining sector was still not where it was seven or eight years ago, there has recently been improved industry performance in minerals such as gold, iron ore, platinum group metals, manganese, copper and cobalt. According to Ralf Hennecke, BME SADC Managing Director, this was having a particularly positive impact in areas like South Africa’s Northern… Read More Here

Copper International

Copper price hits six-month low as China reins in growth, covid fears rise

August 20, 2021August 20, 2021 admin

Copper sank to a six-month low as China reining in growth, the US central bank signposting its intention to reduce stimulus and rising covid-19 cases triggered a major sell-off. Copper for delivery in September fell 2% from Wednesday’s settlement price, touching a low of $3.9615 per pound (8,715 per tonne) on the Comex market in New York. The metal price has fallen 16% from its recent record high of $4.7620 per pound ($10,476 a tonne) in May. Mining stocks also slid, with BHP Group down more than 18% from the previous week,… Read More Here

Tin International

Tin price hits record highs at $ 35,955 per tonne

August 19, 2021August 19, 2021 admin

Tin continues to be the unexpected star of industrial metals this year. As the broader metals rally shows signs of abating, tin continues to hit new all-time highs in the London and Shanghai markets. The London Metal Exchange (LME) three-month tin last week hit $ 35,955 per tonne, eclipsing the previous high of $ 33,600 from 2011. Currently trading around $ 35,400 per tonne, tin is up 68% from the start of the year. Aluminum is far behind with gains of 27% since the start of the year. LME tin inventories failed… Read More Here

Copper International

Copper price drops to April lows as market loses momentum

August 19, 2021August 19, 2021 admin

The copper price edged lower on Wednesday despite fears of supply disruption at Las Bambas mine in Peru amid ongoing labour strikes in top producer Chile. Copper for delivery in September fell 2.7% from Tuesday’s settlement price, touching $4.0985 per pound ($9,035 per tonne) on the Comex market in New York. If the metal were to close at these levels it would be the lowest since mid-April. Residents near MMG’s Las Bambas mine have blocked a road used to transport the metal after a two-week truce, community leaders said on Tuesday.… Read More Here

Gold International

Gold price steadies ahead of Fed minutes

August 19, 2021August 19, 2021 admin

Gold prices held steady on Wednesday as investors stayed on the sidelines before the release of minutes from the Federal Reserve’s latest policy meeting. Spot gold declined slightly by 0.2% to $1,781.69 per ounce as of 1:40 p.m. EDT. US gold futures also dropped 0.2%, trading at $1,783.90 per ounce in New York. Traders are turning their focus to the Fed minutes due Wednesday afternoon and next week’s Jackson Hole symposium, which may offer clues on the timing of the central bank’s tapering. In a town hall meeting Tuesday, Fed… Read More Here

Copper Covid-19 International

Copper price extends decline on fears over fourth covid-19 wave

August 18, 2021August 18, 2021 admin

The copper price extended its decline on Tuesday, after dropping the most in nearly two weeks in the previous session, on investors’ concerns about subdued global macroeconomic outlook due to a fresh surge in coronavirus cases in Europe and North America. Copper for delivery in September fell 2.2% from Monday’s settlement price, touching $4.23 per pound ($9,306 per tonne) on the Comex market in New York. The most-traded September copper contract on the Shanghai Futures Exchange fell 0.6% to 69,820 yuan ($10,777.35) a tonne, tracking overnight losses in London. As a… Read More Here