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Category: International

Could Covid-19 spark an autonomous revolution in mining? 1 Covid-19 International Mining technology 

Could Covid-19 spark an autonomous revolution in mining?

Copperbelt Katanga News
The Covid-19 pandemic has disrupted mining operations across the globe but, as lockdowns lift and miners adjust to new ways of working, we look at whether coronavirus could be the spark for an autonomous revolution.  Concerns have been raised that mines could be potential hotbeds for new outbreaks of the disease due to the close proximity miners work in, with significant outbreaks among Polish coal miners in the mining region of Silesia showing that regular mining operations will be difficult to resume in a safe capacity. Automation in the spotlight… Read More Here
Toyota sees further recovery in global car production in August 2 Covid-19 International Transport and Logistics 

Toyota sees further recovery in global car production in August

Copperbelt Katanga News
Toyota Motor Corp  will make 2% fewer vehicles worldwide in August than originally planned, the Japanese automaker said on Tuesday as production is gradually recovering from a steep decline due to the coronavirus pandemic. The company said it aimed to make 15,000 fewer vehicles than its initial plan, which was around 750,000, according to Reuters’ calculations. August’s reduction is smaller than the cut of 10% seen in July, and June’s 40% reduction. As Japan fears a second wave of infections spreading from the capital, one Toyota employee working at its… Read More Here
Intergovernmental forum 111 International Mining in DRC Mining in Zambia Taxes 

Intergovernmental Forum calls for resource taxation re-evaluation

arnbethnic
The Intergovernmental Forum on Mining, Minerals, Metals and Sustainable Development (IGF) has launched the Future of Resource Taxation, a new initiative aiming to improve the way governments collect revenue from the mining sector, specifically in developing countries needing to rebuild public finances in the wake of covid-19.  “The goal is to re-evaluate and improve the fiscal regimes governing the mining industry, which tend to be complex and difficult for governments to administer, especially in developing countries,” says Alexandra Readhead, IGF’s Lead for Tax and Extractives. Almost half of the senior decision-maker… Read More Here
Conflict Gold 5 Global markets Gold International Mining in Zambia 

Conflict gold back in spotlight as investors flock to safe haven

arnbethnic
As demand for gold as a safe haven surged during the coronavirus pandemic, concerns about sourcing the precious metal responsibly have again been thrust into the spotlight.  A report from Global Witness alleging one of the world’s biggest gold refiners has worked with a supplier that was at risk of having bought conflict metal originating in Sudan is the latest in a series of calls from advocacy groups urging the London Bullion Market Association to scrutinize suppliers more closely. Gold, which is trading near an eight-year high, is one of… Read More Here
Drill rig maker International Mining technology 

Indian blast hole drill rig maker Revathi Equipment entering African market

arnbethnic
India blast hole drill rig producer Revathi Equipment Limited (REL) has entered the African market. REL manufactures and markets Blast Hole Drills (Rotary and DTH, Diesel / Electric driven) for mining applications, Jackless Drills for Construction and Mining applications, Water Well Drills (upto 1000 mtrs depth and beyond), Hydro-Fracturing Units and Exploratory Drills (upto 1300 mtrs depth).  REL’s drilling rigs are used extensively in mines such as coal, copper, gold, iron, zinc, phosphate, bauxite, lignite, limestone, etc. These have been exported and are working in 6 continents of the world.… Read More Here
Copper Copper Economy International 

Copper poised to maintain its upward price trajectory

arnbethnic
In April, copper was trading below USD 5,000/t and most analysts were reaching newfound levels of bearishness. Fast-forward to the end of June, and prices have just experienced six consecutive weeks of increase and are now knocking on the USD 6,000/t door.  Visible copper inventories are down by an astounding 33% YoY, copper concentrate treatment and refining charges (TC/RCs) have narrowed to the lowest level since 2012 and CIF Shanghai cathode premiums hit a two-year peak last month. The evidence points to a tight market, which justifies the current price… Read More Here
epiroc International Mining technology 

Epiroc aims to halve carbon dioxide emissions in operations as part of 2030 goals

arnbethnic
Mining and infrastructure equipment multinational Epiroc this week released its 2030 sustainability goals, which include halving carbon dioxide (CO2) emissions from operations, transport and major suppliers, as well as from customers’ use of Epiroc equipment. “These are challenging targets, but we will invest in developing battery technology to deliver on these targets. These goals are in line with the United Nations Framework Convention on Climate Change (UNFCCC) 2015 Paris Agreement and the UN 2030 Agenda for Sustainable Development,” said Epiroc president and CEO Helena Hedblom. “We are convinced that our approach… Read More Here
COVID-19 Challenge International Covid-19 Economy 

Reopening of economies boosting metals prices

arnbethnic
Since lockdown measures to contain Covid-19 around the world have eased, ratings and research agency Standard & Poor’s Global (S&P Global) says the reopening of economies, combined with monetary stimulus by banks and governments, has allowed industrial metal prices to rise. However, even though industrial metal prices have risen from the lows experienced in the first quarter of the year, there remains a possibility of a second wave of Covid-19 infections as lockdowns are eased.  “It nevertheless remains a significant downside risk to industrial metal prices for the rest of… Read More Here
Astec Mining Companies International Mining technology 

Astec signs distributor for African countries

arnbethnic
 Astec Industries has appointed Aramine as an official dealer of Astec Material Solutions in the West African countries of Mauritania, Mali, Senegal, Guinea, Ivory Coast, Burkina Faso, Benin, Togo and Niger and the Maghreb areas of Algeria, Tunisia and Morocco. Aramine will become an official dealer for Astec in several African countries. The agreement, effective in early June, was inked between Astec’s Africa Middle East regional office and makes Aramine an official dealer. No financial details were released. According to Aramine key regional and product manager and head of distribution… Read More Here
JCB Hydrogen Fuelled Mining technology International 

JCB launches hydrogen fuel cell excavator

arnbethnic,
 UK-based mechanical engineering firm JCB has launched a 20-tonne excavator powered by a hydrogen fuel cell. The 220X has been undergoing testing at JCB’s quarry proving grounds for more than 12 months, said the company. “The development of the first hydrogen fuelled excavator is very exciting as we strive towards a zero carbon world,” said JCB chairman Lord Bamford. Last year, JCB went into full production with the construction industry’s first fully electric mini excavator, the 19C-1E. JCB has also extended electric technology to its Teletruk telescopic forklift range with the… Read More Here

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