International - Copperbelt Katanga Mining

Sandvik to host global virtual event

August 25, 2020August 25, 2020 admin

Sandvik Mining and Rock Technology will host a virtual event − the Innovation in Mining Virtual Event − next month, which will showcase a line-up of new equipment and solutions, as well as the latest technologies for digitalisation, automation and electrification for the mining industry. Taking place on September 29 and 30, the global event aims to provide a platform for miners who face the challenges that come with leading mining operations in the modern environment, to learn about and be introduced to some of Sandvik’s innovative solutions for the mining industry and learn how those solutions can deliver value to their operations. Sandvik will also showcase a line-up of innovative solutions for all of its product offerings… Read More Here

MAGNA TYRES LAUNCHES FIRST 29.5R25 E4 ‘MADE IN HOLLAND’ EARTHMOVING TYRE!

August 24, 2020August 24, 2020 arnbethnic

Magna Tyres is proud to announce the launch of the Made in Holland 29.5R25 Magna M-Terrain E4/L4. This size has been part of the immensely popular Magna M-Terrain line-up for many years, but will from now on also be produced in our factory in the Netherlands in addition to our foreign production. Since its introduction, the Magna M-Terrain has proven to be the ideal tyre pattern for earthmoving equipment operating on challenging offroad surfaces. The demand from the market for Made in Holland tyres is increasing strongly, in particular the size… Read More Here

International Economy

G7 calls on bilateral creditors to extend the suspension of debt service to poor countries until 2021

August 23, 2020August 24, 2020 Arnie

At the end of their meeting held on Monday August 17 by video conference, the G7 finance ministers urged all official bilateral creditors to extend their G20 “Debt Service Suspension Initiative” (DSSI) until 2021. for low-income countries, reports Agence Ecofin. During this meeting, which was organized by US Treasury Secretary Steven Mnuchin, G7 finance ministers even agreed to consider additional options for the poorest countries. The leaders of the World Bank and the International Monetary Fund, present at these discussions, also supported this call, taking into account the economic impact of… Read More Here

Covid-19 International Mining in DRC

Glencore underpins cobalt prices post covid-19

August 23, 2020August 23, 2020 admin

A year ago Glencore announced it was halting operations at its Mutanda copper-cobalt mine in the Congo, breathing life into a market that was trading at levels 70% below its peak, hit 18 months before. Given that Mutanda is the world’s largest cobalt mine and responsible for around a fifth of global output in a market of just 135kt per year, market reaction was muted. Congo dominates world cobalt production and Mutanda was responsible for 60% of the Swiss commodities giant’s annual output. While mine output has been largely undisturbed… Read More Here

International Lithium

Germany to extract lithium from thermal water reservoirs

August 23, 2020August 23, 2020 admin

Researchers at Germany’s Karlsruhe Institute of Technology have developed an environmentally friendly process to extract lithium from the salty thermal water reservoirs that are located in the Upper Rhine Trench. Similar to other initiatives that are taking place in the UK, the German scientists want to recover the white metal using minimally invasive processes. The mechanism they have come up with consists of filtering out lithium ions from the thermal water and then further concentrating them until lithium can be precipitated as a salt. “As far as we know, there can… Read More Here

Mining in DRC Exploration International

Ivanhoe and China’s CNMC are set to examine exploration opportunities in Africa

August 21, 2020August 21, 2020 admin

Canadian mining company Ivanhoe Mines has signed an agreement with China Nonferrous Metal Mining (CNMC), to jointly explore, develop or acquire mining projects in Africa. The strategic partnership would also see the two companies being active in the Democratic Republic of Congo (DRC), exploring production, smelting, and logistics opportunities. Ivanhoe Mines co-chairmen Robert Friedland said: “Our long-standing relationship with CNMC goes back decades to when Wu Jianchang was the general manager of China National Nonferrous Metals Industry Corporation − a pioneer industrial group specialising in the mining and metallurgy sector.… Read More Here

International Iron Ore

Rising supplies to undermine iron ore prices

August 21, 2020August 23, 2020 admin

Iron ore prices may extend their steep gains in coming weeks, buoyed by speculators and supply chain disruptions, but rising supplies are set to eventually undermine the rally. According to Fast markets MB, benchmark 62% Fe fines imported into Northern China were changing hands for $129.09 a tonne on Thursday, up 6.5% over the last week. That was the highest level for the steelmaking raw material since January 2014 and brings gains for 2020 to 40%. The iron ore price is being propelled by China’s stimulus to prop up its pandemic-hit economy… Read More Here

Equipment & Technology International Mining technology

MAGNA TYRES USA, HAPPY TO EXPAND ITS US TEAM DUE THE FAST GROWTH

August 20, 2020August 20, 2020 arnbethnic

Magna Tyres Group is pleased to announce the appointment of Ryan Cusick as Sales Manager of its US office. With Ryan on board, Magna Tyres can focus even more on the brand presence, the distribution network and relationship with current and new customers. Ryan has over 6 years of experience in the tire industry and worked for several major tire brands. Within total 18 years of sales experience, Magna Tyres is convinced that Ryan is the right person for this position. Since Magna Tyres launched its office in the US,… Read More Here

International Iron Ore

Iron ore price rockets to its peak since January 2014

August 19, 2020August 19, 2020 admin

Iron ore prices hit six-and-half year highs on Tuesday as Chinese furnaces, where more than half the world’s steel is forged, roll out crude steel at a never before seen pace. According to Fastmarkets MB, benchmark 62% Fe fines imported into Northern China were changing hands for $128.57 a tonne on Tuesday, up 5.4% on the day. That was the highest level for the steelmaking raw materials since January 2014 and brings gains for 2020 to nearly 40%. China produced 93.4m tonnes of crude steel in July, the largest monthly… Read More Here

Battery Metals International

EV Metal Index surges 64% as Europe tops China

August 18, 2020August 18, 2020 admin

Europe has now overtaken China – not long ago responsible for every other electric car sold worldwide – as the globe’s largest EV market. Over the first seven months of the year, Europe’s electric vehicle sales (including plug-in hybrids) outpaced that of China reaching the half million mark thanks to record-breaking monthly sales of 53,000 units on the continent in July. More remarkable considering Chinese so-called New Energy Vehicle (NEV) sales data also include fuel cell and commercial vehicles. July was also the first month of annualized positive growth in China with sales… Read More Here