Tin - Copperbelt Katanga Mining

AVZ Minerals completes US$240 million cornerstone investment

February 16, 2022February 16, 2022 admin

ASX-listed AVZ Minerals on Wednesday reached an agreement with private investment firm Suzhou CATH Energy Technologies over a $240-million investment into the Manono lithium and tin project, in the Democratic Republic of the Congo (DRC). The two companies in September last year struck a deal under which CATH will earn a 24% equity interest in a multi-faceted joint venture to develop the Manono project for a $240-million cash payment, and a further amount to fund its pro-rata portion of funding to develop the project. AVZ Minerals said on Wednesday that the parties have now agreed to… Read More Here

Tin International

Mines: tin at 42,500 USD per ton on the market, double the price at the same period in 2021

January 28, 2022January 28, 2022 admin

A new year and a new record for the price of tin . The London Metal Exchange’s (LME) three-month tin hit its latest milestone of $44,200 a tonne on January 21 before suffering a bout of vertigo early this week. It has since regained its bullish calm, last trading around $42,500, still more than double the price at this time last year. Liquid metal continues to claim a significant additional premium. Tin is experiencing shortage prices, having been plagued by a protracted supply chain crisis since the start of the coronavirus. The shutdowns spurred demand… Read More Here

Aluminium Cobalt Copper Gold Iron Tin

Chart: How metals prices performed in 2021

January 25, 2022January 25, 2022 admin

How Metals Prices Performed in 2021 Looking back on what gave investors strong returns in 2021, it was the year of industrial and energy metals. As demand for industrial goods surged, so too did their material metals. But unlike energy prices which rose across the board last year, not all metals managed positive returns. This infographic looks at the year-over-year return on metals prices from January 1 to December 31 of 2021, using pricing data tracked by Tradingeconomics.com. Inflation and Raw Material Demand Spur Industrial Metals Last year saw inflation hit 30-year highs… Read More Here

Mining in DRC Tin

Alphamin’s tin output up 10% q/q, cash up 6 486%

January 11, 2022January 11, 2022 admin

JSE- and TSX-V-listed tin miner Alphamin Resources, which owns and operates the Mpama North mine in the Democratic Republic of Congo, increased its contained tin production by 10% quarter-on-quarter to 3 114 t in the fourth quarter ended December 31. A producer of 4% of the world’s mined tin, the miner also increased its contained tin sales during the period by 13% to 3 056 t, while its earnings before interest, taxes, depreciation and amortisation guidance was a record $74-million – up 38% from the third quarter. Quarter-on-quarter, Alphamin’s net cash increased… Read More Here

Copper Cobalt Mining in DRC Tin

DRC: among mining products, only tin and tantalum are up this week from November 29 to December 4, 2021

November 30, 2021November 30, 2021 admin

Export mining products from the Democratic Republic of the Congo show a downward trend this week from November 29 to December 4, 2021, according to projections by experts from the National Mercury Commission of the Ministry of Foreign Trade. Only tin is up this week at $ 39,655.00 per tonne versus $ 38,968.00 per tonne last week, showing a positive price spread of $ 687. Copper is down this week at $ 9,603.40 per tonne from $ 9,803.30 per tonne last week, a negative price spread of $ 199.9. Cobalt… Read More Here

Mining in DRC New Mining Projects Tin

Alphamin progresses DRC exploration, identifies cassiterite intercepts at Mpama North

November 9, 2021November 9, 2021 admin

Dual-listed Alphamin Resources, which produces about 4% of the world’s mined tin from its operations in the Democratic Republic of Congo (DRC), has identified a strike extension at its Mpama North mine, from visual cassiterite drilling intercepts. Additionally, the Mpama South high-grade assay results were received and now include drilling intercepts within 200 m of the Mpama North orebody. Indications following these results note that Mpama South and Mpama North are zones of high-grade mineralisation offset and displaced by a fault, and that the areas now have the potential for… Read More Here

Battery Metals Lithium Mining in DRC Tin

AVZ Announces Quarterly Activates for the period ended 30 Sept 2021.

October 29, 2021October 29, 2021 admin

AVZ Minerals Limited (ASX: AVZ, “the Company”) presents its Quarterly Activities Report for the period ended 30 September 2021 and is pleased to provide the following commentary and update to shareholders.AVZ Managing Director, Mr. Nigel Ferguson said: “The cornerstone investor deal with CATH marked one of the most significant days in our Company’s short history and clearly indicated to the world how important our Manono Lithium and Tin Project is.”“AVZ is very excited to have someone of the calibre of Mr. Pei Zhenhua and Contemporary Amperex Technology Limited (“CATL”) as… Read More Here

Battery Metals Lithium Mining in DRC Tin

Manono Lithium and Tin Project Corporate Update

October 20, 2021October 20, 2021 admin

AVZ Minerals Limited (ASX: AVZ or “the Company”) is pleased to provide an operational update on the progress of various matters relating to its flagship Manono Lithium and Tin Project (“Manono Project”).Transaction Implementation Agreement (“TIA”) As previously announced on 27 September 2021, the Company has entered into a deal with CATH to develop the Manono Project.Proceeds from the transaction will fund a majority of project development capital. CATH has now paid the US$20 million break fee (held in an escrow account). The completion of the transaction is subject to the… Read More Here

Cobalt Copper Gold Mining in DRC Tin

DRC: copper, cobalt, gold, zinc, … on the rise this week on the international market

October 19, 2021October 19, 2021 admin

All the main mining products of the Democratic Republic of Congo show an upward trend this week, going from October 18 to 23, 2021, on the international market, inform the projections of the Commission Nationale des Mercuriales of the Ministry of Foreign Trade. Copper is trading this week at $ 9,325.20 per tonne versus $ 9,147 per tonne last week, up $ 178. Likewise, cobalt is up to $ 52,879 per tonne from $ 52,469 per tonne last week, a positive price spread from the Order of $ 410. Zinc… Read More Here

Cobalt Gold Tin Zinc

DRC: cobalt, zinc and tin on the rise this week on the international market (Mercuriales)

October 8, 2021October 8, 2021 admin

Three main export products from the Democratic Republic of Cogo show an upward trend while the others are either falling or stable on the international market in the week from October 4 to 9, 2021, according to forecasts by the National Mercurial Commission of Ministry of Foreign Trade. Cobalt is trading this week at around $ 52,480.00 per tonne versus $ 51,741.00 per tonne last week, a positive price spread of $ 39. Zinc is also up to $ 3,066.00 per tonne this week from $ 3,048.00 per tonne last… Read More Here