International - Copperbelt Katanga Mining

Gold is poised to perform strongly in 2020

January 29, 2020January 29, 2020 arnbethnic

Gold is poised to perform strongly in 2020, with geopolitical risk set to remain elevated, metals and mining research and consultancy group Wood Mackenzie said Tuesday. Miners are set to enjoy bumper margins and the trade-off between investing for the long-term and returning money to shareholders will be acutely apparent. It is crucial that miners capitalise on this moment in the spotlight to secure their long-term position within the industry, said Wood Mackenzie. Rory Townsend, Wood Mackenzie’s Head of Gold, sees four key themes to watch in the global gold market in 2020? 1. Geopolitical risks are set to… Read More Here

LME Offers Recognition to Artisanal Mining but with Caution

January 28, 2020January 29, 2020 arnbethnic

Earlier last year, the London Metal Exchange announced plans to accept supplies from small-scale miners to ensure that those who rely on artisanal mining for a living can trade internationally. Some say this would help legitimize the troubled industry, while others believe it will lead to further illegal activities and human rights violations. Who is right? We’re examining. The London Metals Exchange’s (LME) new roadmap for responsible metal sourcing was released in October last year. Not only did she advocate transparency across the supply chain, she also confirmed that she… Read More Here

Gold International

THE PRICE OF GOLD IS APPROACHING ITS 7-YEAR HIGH

January 28, 2020January 28, 2020 arnbethnic

Gold prices jumped to a new 7-year high on Monday as concerns about the spread of the corona virus prompted investors to search for safe havens and this caused global equity markets to plummet. The February Gold Futures, the most active nearly 40 million ounce contract traded that day, should close above $1,580 an ounce on the Comex market in New York. This would be the highest closing price since April 9, 2013, although gold was trading over $1,600 an ounce on an intraday basis two weeks ago when investors… Read More Here

International

Innovation, skills and learning at Machine Tools Africa 2020

January 28, 2020January 28, 2020 arnbethnic

As the biggest trade exhibition of its kind in Africa, Machine Tools Africa is all about innovation with its focus on additive manufacturing, automation and control, CNC machinery, cutting tools, machines, robotics, and more. Taking place from 12 to 15 May at the Expo Centre in Johannesburg, it’s a showcase of everything that twists, turns, rotates, cuts, forms, bends or shapes. Reflective of the South African machine tools market, the exhibition has been designed in partnership with the Machine Tools Merchants’ Association of South Africa (MTMA), and has their full… Read More Here

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Lookout for These Five Copper Price Trends in 2020

January 24, 2020January 24, 2020 arnbethnic

Looking ahead to 2020, copper is facing a very balanced market. Investors’ positive sentiment regarding copper fundamentals is currently supporting higher prices, Wood and Metal Mining research and advisory group Wood Mackenzie said in a research note on Wednesday. The stronger growth in demand will be underpinned by new semi-finished product capacities, while the growth of the mine supply will depend on both projects and existing mines. The recent approval of new standards for re-categorizing copper scrap in China could determine the mix of copper raw material imports into the… Read More Here

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Hot topics at the Investing in African Mining Indaba 2020

January 23, 2020January 23, 2020 arnbethnic

The 2020 Investing in African Mining Indaba is only two weeks away and is promising to be even bigger than last year’s 25th anniversary event. Attracting even more junior, mid-tier and major mining companies, investors as well as two heads of state, 35 African and five Non-African Ministers and providing a platform for increased connections, deal-making and investment opportunities. This year’s programme and discussions are focused on forging the future direction of the African Mining industry. Under the theme ‘Optimising Growth and Investment in the Digitised Mining Economy’, key topics… Read More Here

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Global copper market to see another year of volatile prices

January 23, 2020January 23, 2020 arnbethnic

As we look to 2020, copper is faced with a finely balanced market. For now, positive investor sentiment around copper’s fundamentals is supporting higher prices. Stronger demand growth is underpinned by new semis capacity, while mine supply growth will be reliant on additions from both projects and existing mines. Wood Mackenzie highlights 5 key trends to watch in 2020 Meanwhile, the recent approval of new copper scrap re-categorisation standards in China could yet determine the mix of copper raw material imports into the country and influence global scrap dynamics. Red… Read More Here

International Precious Metals

Rio Tinto readies to close world’s biggest diamond mine

January 20, 2020January 20, 2020 arnbethnic

The Argyle mine, in remote Western Australia, accounts for 90% of worldwide pink diamond production. (Image courtesy of Dan Nelson | Flickr.) Rio Tinto’s (ASX, LON, NYSE: RIO) iconic Argyle mine in remote Western Australia, the world’s biggest and the main global source of high-quality pink diamonds, will close in the fourth quarter this year, potentially pushing prices up and spurring exploration. The planned closure, the company said, will impact its total diamond output for the year. Rio now expects to produce between 12 and 14 million carats of rough diamonds in 2020, down… Read More Here