International - Copperbelt Katanga Mining

Copper prices exceed 8,000 USD per tonne on the international market

December 19, 2020December 19, 2020 admin

This rise in the price of the red metal is a boon especially for the DRC’s miners who have already produced more than 1.322 million tonnes of copper during the first 10 months of 2020. Copper topped $ 8,000 a tonne for the first time in more than seven years, with Goldman Sachs Group and BlackRock signaling the start of a new long-term bull market as supply lags behind expected growth of demand, reports Mining News Pro. The market has seen the sharpest rally in more than a decade, with… Read More Here

Iron Ore International

ERG to commence production at Brazilian Pedro de Ferro iron mine

December 17, 2020December 17, 2020 admin

Luxembourg-headquartered Eurasian Resources Group (ERG) has announced the start of commercial production at the Pedra de Ferro iron ore mine in Brazil this month. Luxembourg-headquartered Eurasian Resources Group (ERG) has announced the start of commercial production at the Pedra de Ferro iron ore mine in Brazil this month. The mine will begin commercial production with an initial capacity of 2mtpa of high-grade iron ore. Once ramped up to full production, the mine will produce 18mtpa of ore. Pedro de Ferro has an expected mine life of 30 years. ERG is… Read More Here

Battery Metals International

EV Metal Index on course for record year

December 11, 2020December 15, 2020 admin

V Metal Index, which tracks the value of battery metals in newly registered passenger EVs (including hybrids) around the world fell back from the all-time high hit in September, but still recorded the third best month ever in October. The index was not only boosted by the overall increase in EV sales during the month of 71% year over year, but also the relative outperformance of full electric cars and plug-in hybrids which saw the total battery capacity increase 122% year on year to nearly 14,000 MWh, according to Adamas Intelligence,… Read More Here

Mining Personality International

Glencore appoints new CEO

December 11, 2020December 15, 2020 admin

Commodity trading giant Glencore has appointed Gary Nagle as its new CEO, replacing Ivan Glasenberg who will retire as CEO during the first half of 2021. Nagle will relocate from Australia, where he heads up Glencore’s coal industrial business, to Switzerland early next year and will work with Glasenberg as part of the transition. Tony Hayward, chairman of Glencore, said: “The board has worked with Ivan over the past two years to oversee a seamless transition to the next generation of leadership across Glencore’s business. The fact that each department has promoted from… Read More Here

International Mining technology

Caterpillar to showcase mining technology solutions at CES for first time

December 10, 2020December 10, 2020 admin

Caterpillar has announced it will present its enhanced productivity and safety mining technologies at the Consumer Electronics Show (CES) CES is billed as a proving ground for breakthrough technologies and global innovators. Owned and produced by the Consumer Technology Association (CTA), CES features every aspect of the technology sector. CES 2021 will be an all-virtual event presented in an online format from 11-14 January 2021. Caterpillar has been investing in the development of best-in-class mining technology solutions for more than 30 years, developing the building-block offerings that surface and underground… Read More Here

International Iron Ore

iron ore price continue to rally high

December 8, 2020December 8, 2020 admin

Iron ore prices continued to rally on Monday as Chinese imports top one billion tonnes, port stocks fall and the country’s steelmakers – responsible for more than half the world’s crude output – ramp up production. According to Fastmarkets MB, benchmark 62% Fe fines imported into Northern China (CFR Qingdao) were changing hands for $146.93 a tonne on Friday, up 1.3% from Friday’s peg. That was the highest level for the steelmaking raw material since March 2013 and brings gains for 2020 to just shy of 60%. CAPITAL ECONOMICS EXPECTS… Read More Here

Gold International

Gold price rallies to two-week high

December 8, 2020December 8, 2020 admin

Gold prices rose to a two-week high on Monday as momentum gathered towards a new fiscal stimulus in the US. Meanwhile, the dollar remains subdued, further supporting bullion. Spot gold advanced 1.4% to $1,864.35/oz by 11:45 a.m. EST, after rising to its highest since November 23 at $1,868.26/oz earlier in the day. US gold futures rose 1.6% to $1,868.50/oz in New York. With pressure mounting to help people and businesses hit hard by the covid-19 pandemic, the US Congress is aiming to scrape together a relief package this week. A bipartisan… Read More Here

Mining technology International

Glencore’s ‘net-zero emissions’ 2050 pathway includes use of BEVs

December 8, 2020December 8, 2020 admin

Glencore has become the latest mining major to plot a path to reach “net-zero emissions”, with a plan that includes the use of battery-electric vehicles at one of its underground operations in Canada and renewable power at its South Africa ferroalloy sites. The company has committed to reducing its total emissions footprint – Scope 1, 2 and 3 – by 40% by 2035 compared with 2019 levels, with an ambition of achieving “net zero” on its total emissions footprint by 2050. It says it will achieve this by managing its… Read More Here

Copper International

Copper surges as fears build for post-pandemic shortage

December 4, 2020December 4, 2020 admin

Copper in London hit the highest in more than seven years amid deepening concerns that miners will struggle to match demand as a global recovery bolsters this year’s China-driven boost. The metal used in wires and cables is on the cusp of a fifth weekly advance, in a powerful rally fueled by hopes that developed-world demand will follow China as the coronavirus crisis eases next year. “It’s a favorable environment from a price point of view,” Ivan Arriagada, CEO of Chilean miner Antofagasta said in a Bloomberg TV interview. China’s demand… Read More Here

Mining in DRC International

Chinese dominance of DRC mining sector increases economic dependence: Mines Chamber

December 1, 2020December 1, 2020 admin

The Democratic Republic of Congo’s mining sector is now almost 70% dominated by Chinese investors and that makes it vulnerable to Chinese economic developments, John Kanyoni, vice-president of the country’s Chamber of Mines said during the DRC Mining Week organized by Mining Review Africa. “The mining portfolio is almost 70% under the control of the Chinese, so when China is affected we are also affected as an industry,” Kanyoni told a webinar this week on investing in the DRC. ‘Even before COVID-19 we were facing some issues… Read More Here