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Category: International

Copper Market Copper Covid-19 Global markets International 

Experts expect good prospects dictated by post-covid-19 economic stimulus plans | Copper market

arnbethnic
Copper is currently trading on the international market around $ 6,500 per tonne. Moreover, the post-Covid economic recovery plans announced in Europe, the United States and China could consolidate, according to experts, the price of the red metal. These good predictions from experts are good news for the Democratic Republic of Congo as a copper-producing country. After the coronavirus pandemic, experts are looking at growing demand for copper around the world. According to Fitch Solutions, global demand for copper is expected to grow from 23.6 million tonnes in 2018 to 29.8… Read More Here
One ounce of gold crosses the US$ 2,000 mark on the international market 1 Mining in DRC Gold International 

One ounce of gold crosses the US$ 2,000 mark on the international market

admin
Gold has continued to rise on the international market despite the backdrop of the health crisis affecting the whole world. The yellow metal first traded at $ 2,019 an ounce on the Singapore Stock Exchange on Wednesday, August 5th. According to experts, in addition to the uncertainty associated with the global economic recovery related to the Covid-19 pandemic, this precious metal is benefiting from other geopolitical and economic factors that have increased investor fears during these times. After Goldman Sachs analysts predicted gold would cross the $ 2,000 mark, they… Read More Here
Russia on track to become world’s top gold producer by 2029 2 Gold International 

Russia on track to become world’s top gold producer by 2029

admin
Despite the challenges caused by the covid-19 pandemic, Russia is still hopeful that it will be ranked as the world’s top gold producer by 2029, achieving an average annual growth of 3.7% y-o-y between 2020 and 2029. This forecast was presented in a report by Fitch Solutions Country Risk & Industry Research, whose experts believe that strong domestic gold demand in the short to medium term will support rising gold production in Russia. Despite a 900-strong coronavirus outbreak at Polyus Gold’s Olympiada mine in the Krasnoyarsk region of eastern Siberia,… Read More Here
Fuel cell EVs become more common in heavy industry applications 3 International Mining technology 

Fuel cell EVs become more common in heavy industry applications

Copperbelt Katanga News
Ballard Power Systems a company known for adopting the technology by Anglo American Platinum at the Khomanani mine in South Africa, announced that its materials have powered fuel cell electric vehicles in commercial heavy- and medium-duty applications for more than 50 million kilometres on roads around the globe. In a press release, Ballard said the figure represents an increase of over five times since 2017.  Approximately 70% of the more than 50 million kilometres have been achieved in FCEVs deployed in China, with the remaining vehicles deployed in Europe and… Read More Here
Copper Prices Copper International 

Copper Future price snaps back as China imports soar 81%

Copperbelt Katanga News
Copper futures prices rebounded sharply on Monday on the surge in Chinese imports of the metal, widely used in industry and construction. Copper for delivery in September trading in New York changed hands for $ 2.8850 a pound ($ 6,360 a ton) in afternoon trading, snapping 3.3% off a sharp drop on Friday. In March, the Bellwether metal briefly traded below $ 2.00, last seen during the 2008-2009 global financial crisis, but has now rebounded nearly 50%. Customs data released on Friday showed that China’s copper imports (anodes and cathodes)… Read More Here
BHP to pay $840 million to break from coal in Chile 4 Coal International 

BHP to pay $840 million to break from coal in Chile

Copperbelt Katanga News
BHP’s Escondida and Spence copper mines in northern Chile are ready to pay a total of $ 840 million for the early termination of a 2008 energy contract with a coal-fired power plant. This move follows a number of recent steps BHP had taken to become a greener miner, including carbon capture and storage, as well as other innovations like direct air capture. The local energy company AES Gener – a unit of AES Corp. – announced on Monday that the agreement signed with its Angamos plant will end in… Read More Here
Congo clears Barrick's repatriation of $500m 5 Mining in DRC International 

Congo clears Barrick’s repatriation of $500m

Copperbelt Katanga News
The Democratic Republic of the Congo (DRC) has approved the payment of approximately US $ 500 million in joint venture cash to Barrick Gold and its partner AngloGold Ashanti, sourced from the Central African country’s Kibali gold mine. “It’s just the paperwork,” said Mark Bristow, CEO of Barrick Gold, during Question Time following the company’s second quarter presentation and interim results, in which the Canadian-based company announced a 14% dividend increase. According to an agreement with the Democratic Republic of the Congo, 60% of the revenues from the Kibali mine… Read More Here
Barrick Gold Covid-19 International 

Barrick annual production on track despite Covid-19

Copperbelt Katanga News
Barrick is expected to achieve annual production within its 2020 target range. Second quarter results show year-to-date gold production of 2.4 million ounces, mid-year forecast of 4.6 million to 5 million ounces. The company announced that gold production was down 15% from 1.149 million ounces in the second quarter compared to 1.353 million ounces in the same period in 2019, reflecting the coronavirus impact at the Veladero mine in Argentina and the Porgera dispute -Goldmine in Papua New is attributed to Guinea. Barrick ceased production at Porgera and sued the… Read More Here
Metso Outotec International Innovation Mineral Processing 

Metso Outotec wins US$27M Russia crusher contract

arnbethnic
 Mine engineering company Metso Outotec has won a €23 million (US$27 million) order to deliver two primary crushing stations for an unspecified mine located in the Russian Far East.  The capacity of its new MKlll crusher is 25% higher than the capacity of the previous generation. Mine engineering company Metso Outotec has won a €23 million (US$27 million) order to deliver two primary crushing stations for an unspecified mine located in the Russian Far East. The equipment, which is scheduled to be commissioned in 2023, includes two primary crushing stations with… Read More Here
Fuel Ox Additive boost mining equipment performance 6 Energy Innovation International Mining technology 

Fuel Ox Additive boost mining equipment performance

majorie_ckm
Fuel Ox, a fuel additive is helping mining companies save on costs and improves performance. Mining businesses invest significantly in rock haulers, excavators, slurry pumps and other heavy equipment. The diesel and maintenance costs for that machinery can pile up quickly while chipping away at the bottom line. Some African mining companies have discovered a way to drive operational and fuel savings while maximising the performance and durability of their crucial equipment and curtailing emissions, with the product with Combustion Catalyst. Originally developed as an additive for high-intensity applications including… Read More Here

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