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Category: Tin

World: The price of a gram of gold settled at 59.80 USD on weekdays (official) 1 Cobalt Copper Gold Mining in DRC Tin Zinc 

World: The price of a gram of gold settled at 59.80 USD on weekdays (official)

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The price of a gram of gold saw a marked improvement in the international market during the week of May 24-29, 2021, trading at $ 59.80 versus $ 57.66 in the week of May 17-22, 2021. These indications on the trend of commercial mining products were revealed in a press release on Wednesday, May 26, 2021, by the Congolese Ministry of Foreign Trade. The same document informs that Silver and Tantalum are also experiencing a price rise in the international market during the same period, trading at $ 0.90 vs.… Read More Here
Congo earthquake disrupts tin ore exports 2 Mining in DRC Tin 

Congo earthquake disrupts tin ore exports

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An earthquake in Goma, a city in Democratic Republic of Congo near the border with Rwanda, is delaying exports of tin ore from mineral-rich North Kivu province, two sources with direct knowledge told Reuters on Wednesday. This is likely to exacerbate shortages of the soldering metal, prices of which last week touched 10-year highs at $30,650 a tonne. The sources said tin ore producers have been unable to obtain the permits they need to export the material because government offices in Goma, North Kivu’s capital city, are shut due to… Read More Here
AVZ documentation for mining Manono license under consideration 3 Mining in DRC Lithium Tin 

AVZ documentation for mining Manono license under consideration

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AVZ Minerals has announced all of the required documentation to support its application for the Permis d’Exploitation in respect to the Manono Lithium and Tin Project has been lodged and accepted for consideration by the Cadastre Minier in Kinshasa. The documentation and formal application – which were submitted by AVZ’s majority-owned DRC company, Dathcom Mining SA, will now be assessed by the DRC Government prior to approval of the granting of the Mining Licence for the Manono Project as soon as practicably possible. AVZ’s MD, Nigel Ferguson, says: “Lodging our… Read More Here
Copper, cobalt, lithium, nickel & tin, among the materials that will dominate the green and digital transition 4 Cobalt Copper Lithium Nickel Tin 

Copper, cobalt, lithium, nickel & tin, among the materials that will dominate the green and digital transition

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A new report from Fitch Solutions predicts that certain “conventional” raw materials will receive an additional boost over the next 20 years, as they take center stage in green and digital transitions. These products include copper, nickel, tin, aluminum and rare earths which, along with lithium and cobalt, are expected to experience a boom in demand over decades in the midst of the battery revolution. . “While the ‘traditional’ base metal mining and refining sectors such as copper, nickel, tin and aluminum are well established, we note that the lithium… Read More Here
Manono Lithium and Tin Project Operational Update 5 Lithium Battery Metals Mining in DRC New Mining Projects Tin 

Manono Lithium and Tin Project Operational Update

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AVZ Minerals Limited (ASX:AVZ or “the Company”) is pleased to provide an operational update in relation to its flagship project, the Manono Lithium and Tin Project (“Manono Project”).AVZ Minerals Managing Director, Mr. Nigel Ferguson said: “Buoyant market conditions continue with both spodumene concentrate and lithium chemical prices strengthening on the back of rising electric vehicle demand, just as international Government policies advance the reduction of carbon emissions whilst securing strategic supply chains that feed domestic EV industries across the globe.” “Both market and geopolitical factors have fuelled a steep increase… Read More Here
AVZ nails stunning lithium drill hits in the DRC 6 Mining in DRC Lithium Tin 

AVZ nails stunning lithium drill hits in the DRC

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ASX-listed aspiring Central African lithium developer, AVZ Minerals’ resource drill out has reeled off a further batch of stunning thick, high-grade pegmatite drill hits from beneath the Roche Dure open-pit floor at its Manono hard-rock lithium and tin project in the Democratic Republic of the Congo. The Perth-based company says it has now kicked off an update of the existing mineral resource estimate for the massive Roche Dure deposit, which currently hosts 400 million tonnes of ore at an average grade of 1.65 per cent lithium oxide. The latest set… Read More Here
AVZ signs binding SC6 offtake agreement with lithium converter 7 Mining in DRC Battery Metals Lithium New Mining Projects Tin 

AVZ signs binding SC6 offtake agreement with lithium converter

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AVZ Minerals has secured a strategic, long-term offtake partner agreement with Yibin Tianyi Lithium Industry. The Company and Yibin Tianyi have signed a binding offtake agreement for the supply of spodumene concentrate (SC6) from the Manono Lithium and Tin Project. Yibin Tianyi is a leading global battery materials producer that is continuing to expand its lithium hydroxide production capacity as a key participant in the supply chain of Contemporary Amperex Technology (CATL), the world’s largest lithium-ion battery maker. AVZ’s MD, Nigel Ferguson, said: “We are very pleased to conclude our… Read More Here
DRC: the mining brigade seizes 450 kg of cassiterite in Shabunda in South Kivu 8 Mining in DRC Tin 

DRC: the mining brigade seizes 450 kg of cassiterite in Shabunda in South Kivu

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The agents of the mining brigade and those of the anti-fraud service intercepted three packages of cassiterite of 150 kg each in Penenkusu, chiefdom of Wakabango I in the territory of Shabunda in the province of South Kivu. According to border services, the defendant who was conveying the cargo said he was not the owner of these minerals. These packages would belong to a legally recognized mining operator. The Shabunda mining brigade asks everyone to refrain from touching the minerals if they have no title or quality because the state is… Read More Here
AVZ awards FEED study to Mincore to progress Manono lithium and tin project in DRC 9 Mining in DRC Lithium Tin 

AVZ awards FEED study to Mincore to progress Manono lithium and tin project in DRC

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AVZ Minerals Ltd has announced it has awarded a 12-week Front End Engineering and Design (FEED) contract to Melbourne-based engineering company, Mincore Pty Ltd for its Manono lithium and tin project in DRC. Key deliverables of the FEED study include: confirm the process flowsheet, confirm all bulk material quantities to verify pricing, confirm selected equipment pricing, finalisation of the execution schedule and provide “Issued for Construction” early works drawings. The Manono project is owned by AVZ (60%), La Congolaise d’Exploitation Minière SA (30%) (Cominiere, a State-owned enterprise) and Dathomir Mining… Read More Here
Mines: an improvement in tin prices expected in 2021 10 Tin 

Mines: an improvement in tin prices expected in 2021

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Financial risk management, solutions and information firm Fitch Solutions Country Risk and Industry Research expects global tin mine production to rebound this year as mines in Indonesia and Peru are not not hampered by government restrictions and can operate profitably in a higher tin price environment. Tin mine production is expected to grow by almost 97% year on year to reach 323,800 t. However, over the next decade, Fitch Solutions expects modest growth but slower than in the period 2010-2019, due to rising tin prices. He says that globally the tin… Read More Here

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