International - Copperbelt Katanga Mining

The metals of antiquity – copper

March 31, 2021March 31, 2021 admin

If gold has been humankind’s most valuable friend throughout the ages, copper has certainly been our most useful. Kind of like dogs and cats, or horses and dogs for the horse fanciers amongst us. Copper has been the more important ‘friend’ to us in terms of its usefulness, because we used it to make tools, weapons and various other implements. Gold, on the other hand has always been considered far more valuable due to its scarcity, and was predominantly reserved for precious items like jewellery and status symbols. Which one… Read More Here

Copper International

Copper price falls amid rising exchange inventories

March 30, 2021March 30, 2021 admin

Copper prices fell on Monday amid rising exchange inventories and signs of weakening demand from top consumer China weighed on sentiment. Three-month copper on the London Metal Exchange fell 0.7% to $8,900 a tonne by 0321 GMT, while the most-traded May copper contract on the Shanghai Futures Exchange advanced 1.1% to 66,290 yuan ($10,131.28) a tonne, tracking gains in London in the previous session. Copper inventories in LME warehouses MCUSTX-TOTAL have risen 67% so far in March to 123,800 tonnes, their highest since Dec. 16, 2020. Stockpiles of the metal in ShFE… Read More Here

Gold International

The price of gold drops weekly as the dollar weakens

March 29, 2021March 29, 2021 admin

Gold prices edged up on Friday, offsetting a weekly loss as the dollar slipped against most G10 currencies, as bond yields retreated from session highs after the latest spending data Americans showed declines in February. Spot gold rose 0.2% to $ 1,731.75 an ounce at 2:30 p.m. EST, while US gold futures rose 0.3% to $ 1,729.50 l ‘ounce. However, gold is still heading towards its first weekly loss in three, underlining its choppy comeback from a nine-month low. Optimism over a recovery from the pandemic, a resilient dollar and a… Read More Here

Equipment & Technology International

Sandvik adds data planner to drill and blast software

March 29, 2021March 29, 2021 admin

Swedish mining engineering company Sandvik has added a template-based drill and blast plan generation tool to the latest version of its underground rock excavation software. The latest iSURE, version 8.1, uses the new tool to better quantify rock blastability, tunnel profile quality target and explosives used, said the company. The “design wizard” functionality tool enables the selection of ready-made drilling templates for drill and blast plan creation. The planning option also gives rig operators the capability to easily edit results based on the feedback of the drill and blast process.… Read More Here

Equipment & Technology International

Leibherr launches the R9600

March 29, 2021March 29, 2021 admin

The successor to the Liebherr R996 600t-class hydraulic excavator, the R9600, is entering the market. The R9600, which is entering serial production at the end of the year is based upon the 800t R9800 excavator. There will be eight units operating in Australia by the end of 2021. Among its options is a semi-autonomous digging product the Bucket Filling Assistant. The excavator comes with two QSK50 Cummins engines. It also has Liebherr Power Efficiency management systems for the engine and hydraulic system controls designed to cut fuel consumption without compromising… Read More Here

Copper International

Copper price prances to 8,932 USD per tonne thanks to the optimism of the economic recovery in the USA

March 27, 2021March 27, 2021 admin

Copper prices rose on Friday, following equity market gains, bolstered by optimism about the global economic recovery over positive US labor data and its plans to roll out the vaccine faster than expected. covid-19. Copper for delivery in May was up 2.11% by noon, with futures contracts of $ 4.06 per pound ($ 8,932 per tonne) in the Comex market in New York. Stock markets rose as the United States completed its 100 million covid-19 vaccines 42 days ahead of schedule and posted declining claims for unemployment benefits. “Dow futures… Read More Here

Copper International Mining in Zambia

Copper price rally is catching the eye of politicians

March 26, 2021March 26, 2021 admin

If three’s a trend, then copper producers awash with cash after a doubling of prices are entering the next phase of the cycle: increased fiscal pressure from their host nations. News this week from three of the top copper-producing nations show authorities are looking for a bigger share of the windfall. While that’s not unusual in periods of high prices, this time there’s the added incentive of finding ways to fund pandemic recovery, while talk of a new supercycle is also helping to ratchet up political rhetoric. On Wednesday, Chile’s… Read More Here

Copper International

Copper price crashes through $4 as bull case fades

March 26, 2021March 26, 2021 admin

Copper prices fell to their lowest in more than two weeks, as a strongerUS dollar made greenback-priced metals more expensive to holders of other currencies. Copper for delivery in May was down 2.95% by midday, with futures touching $3.944 per pound ($8,676 a tonne) on the Comex market in New York. Escalating tensions between China and the West, as well as potential US tax hikes hit sentiment and led to investors buying into safe-haven dollar. “Renewed restrictions in Europe and other macro news are denting market sentiment,” ANZ analyst Soni… Read More Here

Equipment & Technology International Mining Supply Tenders

Metso Outotec wins €10M conveyor order

March 24, 2021March 24, 2021 admin

Finnish mining engineering company Metso Outotec has secured a €10 million (US$11.9 million) order for a heavy-duty 9,000 ton per hour mine conveyor system for an unspecified project in South America. Metso Outotec said the order includes overland conveyors, with one 2-km section to be a single flight conveyor. The equipment provided in this package runs at speeds of up to 6 m/s with a delivery capacity of over 9,000 t/h. “Metso Outotec’s full range of overland conveyor solutions provides economic and reliable material transportation for both open-pit and underground operations… Read More Here

Cobalt International Mining in DRC

Volkswagen leads Tesla in consumption of cobalt in EV industry

March 23, 2021March 23, 2021 admin

New data on the use of cobalt, a key ingredient in the most common types of lithium-ion batteries used for electric vehicles (EVs), reveals some interesting facts about leaders in the EV manufacturing industry, in particular in regard to Tesla and Volkswagen. In particular, the data reveals the effect that Tesla’s use of lithium iron phosphate batteries is having on its consumption of cobalt. The surge in electric vehicle sales worldwide is accompanied by an increase in demand for the materials used to make lithium-ion batteries that power them. Cobalt… Read More Here