Thursday , February 22 2024

International

Atlantic Council’s Africa Centre Unveils Revolutionary Critical Minerals Initiative at Mining Indaba

The Africa Centre of the Atlantic Council is embarking on an innovative three-year programme dedicated to critical minerals in Africa. With Africa housing 30% of the world’s critical-mineral reserves, the continent assumes a pivotal role in twenty-first-century supply chains, especially for electric vehicles, lithium batteries, cellphones, medical scanners, and military …

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US signs MoU with DRC and Zambia for Cobalt and Copper Mining and Processing for Electric Vehicle batteries

The United States of America’s Department of State released a signed Memorandum of Understanding (MoU) with the Democratic Republic of Congo (DRC) and Zambia on electric vehicle battery value chains. The document was signed on 13 December 2022, during the Africa Leaders Summit and states DRC and Zambia’s involvement in …

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Copper Price Rising amidst China Lockdown

On 4 April 2022, the copper price rose despite lingering demand concerns in top consumer China. Copper for delivery in May rose 2.3% from 1 April 2022’s settlement price, touching $4.790 per pound ($10,538 per tonne). Trading was sluggish as Chinese financial markets were closed for a public holiday, but …

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Oil Emerges as Key Focus of Cuban President’s Visit to Namibia

Cuban President Miguel Díaz-Canel’s recent visit to Namibia is capturing attention, with experts suggesting that Cuba is eyeing the African nation’s significant oil and natural gas potential. Namibia, which is expected to start oil production around 2029, has already attracted substantial investments from major multinationals such as Shell, Total, GALP, …

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Insurgencies disrupting the otherwise stable bond between China and Africa built on mining investment

China’s massive metals industry can only maintain its size using imported minerals, frequently from limited suppliers. As part of its Belt and Road Initiative, the country has actively invested in mining assets in Africa and Latin America and is beginning to engage in overseas refining and downstream facilities. Many countries …

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EU carbon tax to short-change Africa in trade

New European Union (EU) carbon border tax could significantly constrain Africa’s trade and industrialization progress, the Africa Development Bank (AfDB) has warned.   AfDB President, Dr Akinwumi Adesina said the carbon tax will penalise value-added exports including steel, cement, iron, aluminium and fertilizers.   “With Africa’s energy deficit and reliance mainly on …

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Global Copper Market on the brink, says analysts

Reduced supply from major copper producers Panama and Peru may flip the global copper market into a deficit from surplus in 2024 or at least tighten oversupply if the disruptions are not resolved in coming months, analysts said on Tuesday. Panama’s top court on Tuesday ruled that Canadian miner First …

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Germany pledges 4 billion Euros in Africa’s green energy

Germany has pledged to invest 4 billion euros in Africa’s green energy until 2030. The announcement was made by German Chancellor Olaf Scholz in Berlin after meeting African leaders and heads of international organisations including the President of the African Development Bank Group Dr. Akinwumi Adesina, during the G20 Compact …

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Metso launches Skega™ Life

Metso is introducing to its mill lining portfolio an innovative rubber, Skega™ Life, with up to 25 percent longer wear life compared to the current premium rubber, Skega™ Classic.   The new rubber type is developed in Metso’s own laboratory and validated by field studies. Skega™ Life is a part …

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STEINERT, Ferbasa leading sensor-based sorting in Latin America

STEINERT has developed a unique sensor combination concept called “multi-sensor sorting” or STEINERT KSS. The STEINERT KSS sorting system applies this concept, combining the x-ray transmission sensor with three other additional sensor options (Induction, 3D laser, and Colour). Ferbasa operates one of the largest chromite mines in Brazil and is …

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