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Category: Mining

Energy International Mining News

UNCTAD Report Highlights Africa’s Growing Role in Global Mineral Chains

A report by the United Nations Conference on Trade and Development (UNCTAD) shows that Africa has the potential to become a major participant in the global supply chain of critical minerals. According to the report, which was released this month, Africa’s abundance of critical minerals and metals vital for technology-intensive industries and the energy transition, including aluminum, cobalt, copper, lithium, and manganese, offers a new regional market opportunity for businesses and industries seeking to diversify

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Diamonds Mining

The Remarkable Journey of Diamond Formation

Diamonds, the dazzling gemstones that have captured human fascination for centuries, are born from the depths of the Earth in a process that spans millions of years. These precious gems hold within them the secrets of immense pressure, heat, and time, resulting in their unparalleled brilliance and enduring allure. The Geological Crucible: Diamonds begin their journey deep within the Earth’s mantle, approximately 90 to 120 miles below the surface. Here, extreme temperatures reach thousands of

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Diamonds Local Mining News

Luaxe mining project enters production phase soon

Minister of Mineral Resources, Oil and Gas, Diamantino Azevedo, has assured that the Luaxe mining project could soon start its diamond production. Diamantino Azevedo was speaking to the press at the end of another visit to the Luele Mining Company, located in the province of Lunda-Sul. The minister said that the work is taking place within the established schedule, having highlighted the commitment of those responsible for the Luaxe project, whose execution is in the

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International Mining News

Namibia Inks Rare Earth Minerals Deal with Japan

Namibia has signed an agreement with Japan for the joint exploration and development of rare earth minerals. The agreement falls under efforts by Japan to establish mineral supply chains for the development of electric vehicle batteries. Under the terms of the deal, Namibia’s state-owned mining company Epangelo and government agency the Japan Organization for Metals and Energy Security (JOGMEC) will work together on a series of exploration initiatives. Signed in Windhoek in August during Japanese Minister

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Exploration International Mining News

Japan and Zambia Strengthen Collaboration in Mineral Exploration

The Japanese government has announced its intention to enhance its partnership with Zambia in the search for crucial minerals necessary for electric vehicles and other products. Economy, Trade, and Industry Minister Yasutoshi Nishimura, along with Zambia’s Mines and Mineral Development Minister Paul Kabuswe, signed a collaborative agreement in Lusaka on Friday to bolster their cooperation in the mining industry. The Japanese government plans to strengthen the supply chain for key minerals by supporting the development

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Energy Local Mining News

The country has 20 mining titles from 2017 to 2023

The National Mineral Resources Agency announced on Wednesday that the country has 20 existing mining titles in the period from 2017 to 2023, of which 45% correspond to prospecting and 55% to exploitation. On the occasion, the general registry of prospecting and exploitation mining licenses issued and the map of mining concessions for prospecting in the Cuanza-Sul province were also presented.

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Iron Local Mining News

Iron Ore Closes with Mixed Results

The prices of iron ore futures contracts on the Dalian Exchange in China closed in a mixed fashion. The price of the most traded contract, with delivery for January 2024, rose by 0.55% to 732.5 yuan (100.88 dollars) per ton, while the contract for September 2023, which had the second highest turnover, remained stable at 821 yuan (113.0 dollars) per ton. The ore traded on the Dalian Exchange contains 62% iron content and is considered

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Economy Mining News

Copper Closes Sharply Lower

Copper closed significantly lower this week after China released new indicators pointing to an economic slowdown. The metal attempted a recovery after the People’s Bank of China (PBoC) cut interest rates to stimulate local demand, but the incentive seemed insufficient in the face of the negative outlook in the real estate and infrastructure sectors. On the Comex, the division for metals at the New York Mercantile Exchange (Nymex), copper with delivery scheduled for October fell

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Gold Local Mining News

Gold Prices Near Five-Week Lows

The price of gold was close to its lowest point in over five weeks yesterday, as confirmed by precious metals market traders. The metal is being hindered by the strengthening of the dollar and the yields of U.S. Treasury bonds, at a time when the minutes of the July meeting of the Federal Reserve (Fed) are expected to be released. These minutes could provide clarity on the intention to raise interest rates. Spot gold experienced

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