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Congo questions Apple on concerns about use of conflict minerals

Published: 25 Apr 24

The Democratic Republic of Congo’s government notified Apple of concerns that the company’s supply chain may be tainted by conflict minerals sourced from the central African nation. A group of international lawyers engaged on behalf of the Congolese State sent a list of questions to the US tech giant on April 22 and demanded answers within three weeks, according to a statement published on the website of lawyer Robert Amsterdam on Thursday. The statement coincided with the release by the law firm of a report accusing neighbouring Rwanda of laundering tin, tungsten and tantalum — known as 3T minerals — and gold from Congo.

Teck increases copper production with QB ramp-up

Published: 25 Apr 24

Canadian mining group Teck Resources has increased its copper production by 74% to 99 000 t in the first quarter, as output increased at the newly-built QB mine, in Chile. The Antamina mine, in Peru, and Highland Valley Copper mine, in Canada, also had a strong performance, Teck reported on Thursday.

Panellists who participated in the webinar are (from left) Mining Equipment Manufacturers of South Africa CEO Lehlohonolo Molloyi, Multotec CEO Thomas Holtz, Simera Trace technical director Kevin O'Neill, Epiroc digital solutions buisness line manager Vikesh Chiba and South African Capital Equipment Export Council CEO Eric Bruggeman.

Creativity, innovation keep South Africa’s mining tech manufacturing industry competitive

Published: 25 Apr 24

An admirable degree of creativity exists within the South African mining technology and equipment manufacturing sector, giving manufacturers the necessary flexibility to weather the significant challenges over the past few years, Mining Equipment Manufacturers of South Africa CEO Lehlohonolo Molloyi has said. He was speaking as part of a panel in a webinar hosted by Creamer Media and sponsored by ABB, AECI Mining, Astron Energy and Epiroc, on April 24.

Zimbabwe Mines Minister Winston Chitando

Zimbabwe’s Mnangagwa names new Mines Minister in mini-reshuffle

Published: 25 Apr 24

Zimbabwe’s President Emmerson Mnangagwa has reappointed Winston Chitando as the Southern African nation’s Mines Minister, a post he held before last year’s elections. Prior to his reappointment, Chitando was the local government minister.

Tumble in storage battery costs to boost shift to renewables, says IEA

Published: 25 Apr 24

An expected sharp fall in battery costs for energy storage in coming years will accelerate the shift to renewable energy from fossil fuels, the International Energy Agency (IEA) said on Thursday. While renewable energy by itself is already much cheaper than coal and gas-fired plants, weather can interrupt solar and wind power and must be paired with energy storage systems to provide reliable sources of energy.

South Africa makes second WTO complaint over EU citrus rules

Published: 25 Apr 24

South Africa has lodged a complaint against the European Union's (EU's) citrus black spot (CBS) regulations, the World Trade Organisation (WTO) said on Wednesday. The EU is a major market for South African citrus fruit, accounting for a third of its citrus exports and the move is the African country's second ever WTO complaint.

Kazakh miner ERG denies circumventing Congo subcontracting laws

Published: 25 Apr 24

Kazakh miner Eurasian Resources Group (ERG) has denied accusations it tried to bypass Democratic Republic of Congo's subcontracting laws designed to boost local ownership in the mining sector, job creation, and benefits to the country's economy. In a statement published last week, Congo's government accused ERG of passing off nine subcontracting companies as majority partners with "fictitious" shares in order to circumvent legislation requiring that Congolese shareholders own 50% of subcontracting shares.

ALL ABOUT COPPER: The Quellaveco mine in Peru is a 300 000 t/y operation.

BHP makes £31bn offer for Anglo American

Published: 25 Apr 24

Diversified mining major BHP on Thursday announced a proposed all-share offer that values Anglo American at £31.1-billion. The deal has the potential to transform the mining industry landscape. BHP offered Anglo shareholders £25.08 a share, including £4.86 a share for Anglo American Platinum (Amplats) shares and £3.40 a share for Kumba Iron Ore shares.

Prices are well below the levels needed to incentivise new greenfield production

BlackRock says $12 000/t copper is needed to incentivise new mines

Published: 25 Apr 24

Copper needs to reach $12 000/t — a 20% jump from this week’s high — to incentivize large-scale investments in new mines, said Olivia Markham, who co-manages the BlackRock World Mining Fund. The metal’s price hit a two-year high near $10 000, but Markham said further gains are necessary to encourage miners to sign off on projects required to avoid major deficits during the energy transition.

Lower iron, nickel and copper prices weigh on Vale's quarterly earnings

Published: 25 Apr 24

Brazilian miner Vale on Wednesday said lower prices for iron-ore, nickel and copper in the first quarter dragged down earnings compared to the year before, as it posted net profit slightly below analyst estimates. Vale, the world's no.2 producer of iron-ore, posted a $1.7-billion net profit for the quarter ended in March, 9% lower than the year-earlier period, while analysts polled by LSEG were expecting $1.9-billion.