Monday , November 28 2022

International

Madison Metals to acquire uranium stake in Erongo

Canadian green energy resource company Madison Metals has announced intentions to acquire a 23 percent interest in Mining Licence 121 (ML121) located in the renowned Erongo Uranium Province. The new acquisition will be an addition to the company’s already existing exclusive prospecting license 7011 (EPL-7011). “ML121 and EPL-7011 are neighbours …

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Mining’s Energy Transition Dependent on New Copper Sourcing

As the demand for copper surges amid the energy transition, mining experts expect supply deficits to emerge in coming years, in part due to lacklustre investment in exploration and construction of new copper mines. Mining company executives’ preference for safe, short-term returns has led to a massive underinvestment in new …

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Electra Mining Africa 2022 roars back into life

Electra Mining Africa, the continent’s biggest exhibition, is back after a two year hiatus due to restrictions. As exhibitions and events are now re-opening globally, Electra Mining Africa will be going ahead as a live in-person event this year. This comes on the backdrop of several other exhibitions, having taken …

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BME highlights mining efficiency at Indaba

Getting behind the renewed enthusiasm of the upcoming Investing in African Mining Indaba in Cape Town, Omnia Group company BME will be face-to-face with the mining industry at its exhibition booth. “Everyone is looking forward to the interaction at this year’s Indaba, giving a boost to the positive momentum currently …

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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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Russia-Ukraine War, its implication on Africa Mining

The invasion of Ukraine by Russia triggered a global chain reaction of humanitarian, diplomatic, and economic crises. These aggravated the existing crises, which Covid-19 had exacerbated. The value of nickel skyrocketed as a result of these chain reactions. The price of the precious metal, which is used in the manufacture …

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BHP reports lower volumes at Olympic Dam due to a planned smelter maintenance campaign

BHP has reported lower volumes at Olympic Dam due to a planned smelter maintenance campaign, completed in January 2022. This was partially offset by higher volumes at Antamina. Escondida copper production decreased by 15% to 488 000 t due to concentrator feed grade decline, despite a record performance for material …

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‘GIP brings established global capabilities to the Pluto Train 2 JV’

ASX-listed Woodside CEO, Meg O’Neill, has revealed that the company is looking forward to developing Pluto Train 2 in close collaboration with GIP as they bring vast global capabilities.  Woodside Energy has completed the sale of a 49% non-operating participating interest in the Pluto Train 2 joint venture (JV) to …

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Element25 explains economic benefits of the proposed Asia project

ASX-listed Element25 (E25) has revealed that it is now moving to a definitive feasibility study for the high purity manganese sulphate monohydrate (HPMSM) facility, which is likely to be finalised in the second half of 2022. A scoping study into the HPMSM plant has confirmed the economic benefits of the …

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