International - Copperbelt Katanga Mining

Sandvik and Glencore agree on ‘innovative’ equipment, services partnership 1

Sandvik is to supply Glencore Queensland Metals’s underground mobile mining equipment and aftermarket parts under a deal struck at the end of June this year. The agreement, valued at SEK1.4 billion ($160 million) over a six-year lifespan, will see Sandvik become the key provider of drills, loaders and trucks for Glencore’s metalliferous mines in Queensland and New South Wales, Australia. Sandvik will also provide parts, service, rock tools, and digital and automation technology for the new Sandvik fleet. Following the signing of the agreement on June 30, Glencore placed an… Read More Here

International Mining technology

Miners speed up automation as covid-19 impacts linger

October 21, 2020October 21, 2020 admin

About 20% of people currently working in the mining and metals industry are at risk of being replaced by robots as companies accelerate the adoption of automation in light of the ongoing covid-19-related restrictions, a new study shows. According to the World Economic Forum’s (WEF) latest “Future of Jobs” report, 79% of mining companies are accelerating the digitalization of work processes and adoption of tools, such as video conferencing. From that total, 26.3% are speeding up the automation of tasks. While the figures are below global averages — 50% of companies… Read More Here

Copper International

Copper price surges to 28-month high

October 21, 2020October 21, 2020 admin

The copper price was trading at its highest since June 2018 on Tuesday on hopes of a US stimulus package, worries about supply from top producer Chile and robust Chinese economic growth. On the Comex market, copper for delivery in December jumped 2.7% to $3.1705 a pound ($6,990 a tonne) in brisk trade, with more than 1.8 billion pounds of the most active contract traded by 1pm in New York. Tuesday’s trading brings the bellwether metal’s recovery since the height of the covid-19 induced sell-off, which sent the copper price crashing… Read More Here

Mining in Zambia International

Anglo American sued for alleged lead poisoning in Zambia

October 21, 2020October 21, 2020 admin

Diversified miner Anglo American (LON: AAL) has been sued in South Africa by a group of Zambian women and children alleging the company caused widespread lead poisoning from a mine it owned until 1974 in the northern city of Kabwe. The class-action lawsuit, filed at South Africa’s High Court on Wednesday by law firms Mbuyisa Moleele and Leigh Day, seeks both compensation for about 100,000 people and a clean-up of the area. LAWSUIT CLAIMS ANGLO AMERICAN FAILED TO PREVENT POLLUTION IN KABWE, AFFECTING MULTIPLE GENERATIONS “Generations of children have been poisoned by… Read More Here

Copper International Nickel

Nickel, copper prices near new highs as China powers on

October 20, 2020October 20, 2020 admin

The copper price was once again within sight of more than two-year highs on Monday and nickel reached an 11-month peak after Chinese data showed growth in the world’s second-largest economy is gathering momentum. On the Comex market, copper for delivery in December added over 1% to $3.1080 a pound ($6,850 a tonne) in brisk trade, with more than 1.2 billion pounds of the most active contract traded by early afternoon in New York. Monday’s trading brings the bellwether metal within sight of levels last seen in June 2018 and brings… Read More Here

Battery Metals International Nickel

Glencore in nickel supply talks with EV battery makers

October 19, 2020October 19, 2020 admin

Global miner and commodities trader Glencore (LON: GLEN) is close to securing nickel supply deals with automakers and battery producers amid a looming squeeze in the market and Tesla CEO Elon Musk’s recent call to miners to produce more of the metal. “A lot of the automobile guys and the battery guys are talking to us about nickel,” chief executive Ivan Glasenberg said during the Financial Times Mining Summit on Frida THE MARKET FOR BATTERY-GRADE NICKEL SHOULD BE IN A TIGHT BALANCE IN THE NEXT TWO TO THREE YEARS AS DEMAND FROM LITHIUM-ION BATTERY… Read More Here

Mining technology International

Magna Tyres Group launches portal for EU market!

October 16, 2020October 16, 2020 admin

Magna Tyres announces the launch of a brand new tool: THE MAGNA TYRES PORTAL! The launch of the Magna Tyres Portal is said to be the starting signal for a campaign to respond to the current market developments as well as the dealers’ need for an online platform that covers the entire process from providing information to ordering tyres. In recent years a very extensive dealer network has been built up all over the world. The demand for an online platform with 24/7 access to both the range of products… Read More Here

Gold International

Gold price back below $1,900

October 14, 2020October 14, 2020 admin

Gold prices fell below $1,900 an ounce on Tuesday as the dollar rallied on an impasse over US stimulus. Investors also latched onto a slightly less stark economic report card from the International Monetary Fund, which alleviated some of the economic concerns surrounding the covid-19 crisis. Spot gold fell 1.5% at $1,894.73 per ounce by 11:55 a.m. EDT, after falling by as much as 1.9% earlier in the session. US gold futures lost 1.6% to $1,898.00 per ounce in New York. Meanwhile, the US dollar jumped 0.4% against rivals on Tuesday, making… Read More Here

International Mining Companies

Swedish group Sandvik to sell exploration business to Drillman

October 13, 2020October 13, 2020 admin

Swedish engineering group Sandvik has agreed to sell its exploration business to Drillman, a subsidiary of the M Group of companies. Sandvik will divest exploration rigs, consumables and production stock. The agreement also includes certain trademarks and patents. Sandvik president and CEO Stefan Widing said: “I am pleased that we have signed an agreement to sell our exploration business as this is in line with our focus to further improve the efficiency and profitability of our company.” Drillman is a provider of equipment and technical support to the geotechnical, mineral… Read More Here

International

As Nickel’s demand grows, so do environmental concerns – report

October 12, 2020October 12, 2020 admin

A new report by IDTechEx states that as the demand for nickel from electric vehicle batteries is expected to increase ten-fold by 2030 compared to 2019, concerns around the environmentally-conscious supply of the metal are also on the rise. According to the market analyst, one of the main problems surrounding nickel mining is that ores normally contain only a very small percentage of useful Ni, resulting in a large amount of waste material. The disposing of this waste represents a major concern for miners, carmakers and environmentalists. NICKEL IS THE MOST EXPENSIVE MATERIAL IN ELECTRIC VEHICLE BATTERIES… Read More Here