International - Copperbelt Katanga Mining

Glencore, Britishvolt sign strategic partnership for long-term supply of cobalt 1

Diversified mining and marketing company Glencore has entered into a long-term strategic partnership to supply UK-based lithium-ion battery cell technologies investor Britishvolt with responsibly sourced cobalt. The partnership represents a major milestone for Britishvolt on its quest to assist vehicle original equipment manufacturers with their roadmaps to electrification. By securing one of the key battery ingredients from the Glencore cobalt brands, Britishvolt is significantly derisking its operation by obtaining long-term security of supply across its business, Glencore says in a statement. “We are delighted to be partnering with Britishvolt, a… Read More Here

Mining technology International

Sandvik project to unlock next-generation underground mining technology

August 17, 2021August 17, 2021 admin

Sandvik is collaborating with Nokia and Finnish company VTT in a new research project aimed at making the mining industry more productive, safe and sustainable. Dubbed Next Generation Mining (NGMining), the project will see the introduction of next-generation mining technology, including autonomous connected machinery, digital automation, and advanced analytics for real-time situational awareness and control. NGMining will bring together industrial 5G private networks, edge computing and artificial intelligence-based solutions to progress the initiative, as the companies look to collaborate with other industry players to establish joint experiments and frameworks. The… Read More Here

Mining in DRC International Uranium

Uranium tops Morgan Stanley’s commodity thermometer

August 17, 2021August 17, 2021 admin

While the DRC is not currently exploiting or marketing its uranium ores, this American investment bank advises its clients to bet on this strategic metal which has the most upward trend possible on the international market among the 17 commodities. of the mining industry right now around the world. Morgan Stanley has placed uranium at the top of its barometer for metals and mining commodities. Uranium has been assigned a “most bullish” trend of 17 commodities mined under the bank’s watch, mining.com reports. “Further price increases in the near term, as… Read More Here

Copper International

Copper price falls on muted China retail and industrial data

August 17, 2021August 17, 2021 admin

Copper prices declined on Monday after data showed factory output and retail sales in China rose more slowly than expected in July. Retail sales were hit by tough new virus restrictions introduced at the end of the month to contain fresh outbreaks. China’s refined copper imports fell for the fourth straight month in July, adding to the sense of lost momentum. Copper for delivery in September fell 1.5% from Friday’s settlement price, touching $4.326 per pound ($9,517 per tonne) on the Comex market in New York. Flooding in central China and… Read More Here

Gold International

Gold price extends gain on virus concerns, weak economic data

August 16, 2021August 16, 2021 admin

Gold is heading for its fourth straight gain as investors turned to the safe haven asset amid concerns over the delta coronavirus variant and weaker economic data. Spot gold rose 0.4% to $1,786.45 per ounce by 11 a.m. EDT, its highest in over a week. US gold futures also advanced 0.7% to trade at $1,790.70 per ounce in New York. A report published by the Federal Reserve Bank of New York on Monday showed the state’s manufacturing activity moderated in August after expanding at an unprecedented pace a month earlier. Meanwhile,… Read More Here

Energy International

Barrick Joins Challenge to Decarbonize Surface Mining

August 16, 2021August 16, 2021 admin

Global miner Barrick Gold Corporation has joined an industry-wide effort to cut emissions from surface mining, called Charge on Innovation Challenge. The challenge takes the form of a global competition and seeks to leverage the experience of various industries to develop new concepts and solutions for large-scale haul truck electrification. Barrick considers electrification as a key measure to decarbonise mining. The company has copper and gold operations across Saudi Arabia, Zambia and Chile, as well as Argentina, the Dominican Republic, Papua New Guinea, Tanzania, the Democratic Republic of Congo, Mali,… Read More Here

Gold International

Gold price recovers from recent selloff, supported by physical demand spike

August 13, 2021August 13, 2021 admin

Gold extended its recovery from the recent selloff on Friday as a retreat in the US dollar enticed investors to snap up the safe haven metal. Spot gold rose 1.3% to $1,776.83 per ounce by 12:10 p.m. EDT, its highest in more than a week, representing a quick turnaround from the four-month lows touched on Monday. US gold futures jumped 1.5% to $1,779.20 per ounce in New York. Meanwhile, the dollar index fell 0.4% and US benchmark 10-year treasury yields also weakened, bolstering the appeal of gold, a non-yielding asset.… Read More Here

International Copper

Copper price rises as supply worries return

August 13, 2021August 13, 2021 admin

Copper prices advanced on Friday after workers at Codelco’s Andina copper mine in Chile went on strike, raising supply disruption risks. Copper for delivery in September rose 1% from Thursday’s settlement price, touching $4.431 per pound ($9,748 per tonne) on the Comex market in New York. Copper prices have soared to record highs this year, handing unions in Chile additional leverage, ratcheting up tensions in labor negotiations and putting pressure on global supply of the red metal. On Thursday, two unions at Andina walked off the job after rejecting the latest contract offer, while… Read More Here

Emeralds International Mining in Zambia

Gemfields reaches record revenue at emerald auction

August 13, 2021August 13, 2021 admin

Shares in Gemfields (LON: GEM) (JSE: GML) jumped as much as 6% in London after the precious coloured gemstones miner posted a $23.1 million auction revenue – an all-time record for commercial-quality emerald sold at auctions. The sales event, held from July 28 to August 11, saw 49 companies place bids, Gemfields said. From the 32 lots offered, 31 (or 97%) of them were sold at a record average price of $6.61 per carat. Gemfields’ previous emerald auction took place in February 2020, with 2.9 million carats generating revenue of $11.5 million at an average price of $4.01 a carat. The company, which returned to the London Stock Exchange’s market for juniors last year,… Read More Here

Copper International

Copper price bounces back on Chile supply concerns

August 11, 2021August 11, 2021 admin

The copper price bounced back on Tuesday as worries about supplies from top producer Chile gathered pace. BHP and the workers union at its Escondida copper mine said late on Monday they would extend government-mediated contract talks by a day in a last-ditch effort to stave off a strike. The world’s biggest copper mine accounts for about 4.5% of global copper supplies estimated at roughly 24 million tonnes this year. Several mines in the world’s top copper producer country are in the throes of tense labor negotiations. Workers at JX Nippon Copper’s Caserones mine decided… Read More Here