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Copper is surging, but it doesn’t mean economy is booming

By: Bloomberg     10th July 2020 Copper prices are surging, and for once it’s not because the economy is booming. The metal – known colloquially as Dr. Copper because its performance is often used to gauge the health of the overall economy – has surged by a staggering 45% since mid-March. That’s despite the International... 

Copper poised to maintain upward price trajectory, says ERG CEO

By: Simone Liedtke     6th July 2020 Diversified miner Eurasian Resources Group (ERG) says the unprecedented levels of stimulus across the world are set to sustain the recovery in copper demand in the longer term, with the supply impact of the Covid-19 pandemic expected to extend beyond this year. Growth drivers include the digital... 

New digital technologies improve manufacturing capabilities

3rd July 2020 Metallurgical plant supplier SMS group has developed digital technology called the X-Pact MES 4.0, along with the Safety Locator Suite system, which both aid in the digital transformation of organisations and help to gain faster insights and more informed management decision-making, with the... 

Metso Outotec starts operations –partner for positive change for tomorrow’s aggregates, minerals, metals and recycling industries

By: Creamer Media Reporter      2nd July 2020 As sustainable processing of the world’s natural resources is becoming a norm within the industries, Metso Outotec is driving the transformation.  Metso Outotec, a unique new company with leadership in sustainable minerals and metals processing and recycling technologies begins its operations... 

Metso Outotec starts operations - partner for positive change for tomorrow’s aggregates, minerals, metals and recycling industries

1st July 2020 As sustainable processing of the world’s natural resources is becoming a norm within the industries, Metso Outotec is driving the transformation.  Metso Outotec, a unique new company with leadership in sustainable minerals and metals processing and recycling technologies begins its operations... 

Kogi adopts phased approach to funding, work on Agbaja project

By: Marleny Arnoldi     30th June 2020 ASX-listed Kogi Iron has announced that it will adopt a staged funding and development programme to ensure the development of its Agbaja cast steel project, in Nigeria, continues to progress. The company also revised down its initial envisaged production rate during Phase 1 of the project to... 

More copper workers are falling ill in the world’s top producer

By: Bloomberg     27th June 2020 The latest tally of Covid-19 cases among Codelco workers shows why the world’s biggest copper producer is stepping up measures to contain the spread. Of the state-owned company’s 71 000 total workforce, 1 951 people have been diagnosed with the disease, according to data compiled by the... 

Aluminium in spotlight as LME opts for low-carbon trading platform 

By: Martin Creamer     8th June 2020 Aluminium may find itself with an officially recognised ‘green’ tag when a low-carbon version of the metal is given new trading platform next year. FT Weekend and Aluminium International Today have reported that the London Metal Exchange (LME) will next year launch a platform to trade low-carbon... 

Aus/US ink petroleum agreement

By: Esmarie Iannucci     3rd June 2020 The Australian government on Wednesday said that the formal inking of the US/Australia Strategic Petroleum Reserve Lease Agreement was part of the government’s actions to shore up fuel security in Australia and to enhance its ability to withstand global shocks. The agreement will allow Australia... 

Zimbabwe gold miners to keep more export earnings in dollars

By: Reuters     27th May 2020 Zimbabwe will increase the proportion of dollars gold miners can keep from their sales, the central bank's bullion-buying arm said on Wednesday, yielding to pressure from producers who were pushing to retain more. Gold is Zimbabwe's single largest foreign currency earner, and Fidelity Printers... 

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