International - Copperbelt Katanga Mining

Castillo Copper confirms copper target at Luanshya Project

September 18, 2020September 24, 2020 admin

Castillo Copper Ltd, a base metal explorer primarily focused on copper across Australia and Zambia, has announced encouraging results from the recently completed infill soil geochemical sampling campaign at its 100% owned Luanshya Project in Zambia. The Luanshya Project is located in Zambia’s traditional copper-belt, the second-largest copper producer in Africa. It is intersected by a NW-SE trend-line, that is approximately 5 – 10 km wide in places and known to host copper mineralisation. This includes two of China Nonferrous Mining Corp.’s (CNMC) three operating copper mines that are approximately… Read More Here

Copper Gold International Nickel

First Quantum Minerals Provides Operations Update

September 16, 2020September 16, 2020 admin

First Quantum Minerals Ltd has today provided an update on how the company has been able to operate under the pandemic that has hit the world. the company has continued to show efforts on how they are mitigating and trying to adjust to the impacts caused by covid 19. Operational Performance The global mining giant expects to produce 725,000 – 770,000 tonnes of copper, 230,000 – 250,000 ounces of gold and 15,000 – 17,000 tonnes of nickel for the full year 2020, as previously stated. Operations continue to perform as… Read More Here

Covid-19 Gemstones International

Gemfields to experience large loss as pandemic hits auctions

September 16, 2020September 16, 2020 admin1 Comment

Precious gemstones miner Gemfields announced an expected swing to an interim net loss for the six months ended on June 30 as the company had only been able to hold one sale due to the covid-19 pandemic. The company, which returned to the London Stock Exchange’s market for juniors in February, expects to report a net loss after tax of $56.7 million in the first half of 2020. The figure sharply contrasts with the $12.4 million profit reported during the same period last year. Gemfields cancelled auctions originally scheduled for May, June and August due… Read More Here

Copper International

Copper prices could reach 7,500 USD per tonne (Analysts)

September 12, 2020September 12, 2020 admin

This week, copper traded up to USD 6,800 per tonne on the international market. Several analysts are betting that the red metal could easily peak at $ 7,500 or even more if the supply continues to tighten. Several traders and analysts have noted that the shrinking spot reserves could trigger another price spike, building on a rally that took copper this week to two-year highs above $ 6,800 per tonne, miningnewspro reports .com. according to red kite capital management fund manager George Daniel. the market is starting to look like… Read More Here

Gold International

Altynalmas joins Cyanide Code

September 11, 2020September 11, 2020 Johannsen

Kazakh gold producer JSC AK Altynalmas has joined the International Cyanide Management Code. Cyanidation is the predominant process to extract gold from ore. A company spokesperson told Kazakh news agency Trend that the move is in line with the company taking measures to reduce potential environmental impacts of its gold mining actvities in the country. “Joining the International Cyanide Management Code is a voluntary initiative of the company to improve health safety standards for our employees, local communities and reduce potential environmental impacts,” the official said. In order to obtain… Read More Here

Oil & Gas International

Oil market buckles under pressure as pandemic shows signs of second wave

September 10, 2020September 11, 2020 admin

Six months after the coronavirus pandemic’s initial punch, signs of a second wave are already emerging in the oil market. China’s buying has slowed after the nation binged when crude was cheap. Some of the largest producers in the Middle East are slashing prices for their barrels, signaling a lack of confidence in the recovery. In the U.S., the world’s most visible market, inventories remain stubbornly high. Global benchmark Brent crude on Tuesday dropped below $40 a barrel for the first time since June. While nobody is predicting a return… Read More Here

Mining in DRC Copper International

Ivanhoe’s Kakula could be the world’s second largest copper mine

September 9, 2020September 14, 2020 admin

Canada’s Ivanhoe Mines published the results of an independent definitive feasibility study (DFS) for its Kakula project in the Democratic Republic of Congo, which confirms the asset could become the world’s second largest copper mining complex. Kakula, the first underground mine planned at the Kamoa-Kakula concession, is forecast to generate 6 million tonnes of ore a year at an average feed grade of 6.6% copper over the first five years of operation, the study shows. Ivanhoe said the document is an independent verification by nine of the world’s top engineering firms… Read More Here

Gold International

Gold price slopes as dollar gains

September 8, 2020September 8, 2020 admin

Gold prices eased on Monday as the dollar made gains, although economic uncertainties kept it from falling further as investors await developments from central banks. Spot gold was down 0.3% to $1,926.49 per ounce by 1 p.m. EDT, while US gold futures steadied at $1,935.80 per ounce, with North American markets shut for the Labor Day holiday Meanwhile, the dollar index rose 0.3%, making gold more expensive for those holding other currencies. “A higher dollar is weighing on gold, while longer-term uncertainties still persisting in the market is putting a… Read More Here

International Mining technology Tailings

How technology can help miners comply with new global tailings standard guidelines

September 6, 2020September 6, 2020 admin

Technology is key in helping miners comply with the recently released Global Industry Standard on Tailings Management, a set of guidelines aimed at strengthening current practices with the goal of zero harm to people and the environment. Prepared by the United Nations Environment Program, Principles for Responsible Investment (PRI) and the International Council on Metals and Mining (ICMM), the standard was a direct response to a series of lethal accidents that took place in recent years, with the failure of the tailings dam at Vale’s Córrego do Feijão mine being the latest of such incidents. According to… Read More Here

Copper Global markets International

Copper prices could reach 7,500 USD per tonne (Analysts)

September 6, 2020September 6, 2020 arnbethnicCopper Prices

This week, copper traded up to USD 6,800 per tonne in the international market. Several analysts are betting that the red metal could easily peak at $ 7,500 or even more if supply continues to tighten. Several traders and analysts say shrinking spot reserves could trigger another price spike, building on a rally that took copper this week to two-year highs above $ 6,800 per tonne, miningnewspro reports .com. According to Red Kite Capital Management fund manager George Daniel, the market is starting to look like it was in the early… Read More Here