West African Resources’ Post

MINERAL EXPORTS TRIGGER RECORD VOLUMES AT MOZAMBIQUE PORT IN 2023 The Port of Maputo in Mozambique achieved a record volume of 31.2-million tons of cargo in 2023. Of the total cargo recorded, approximately 25-million tons comprised various ores, including chromium, ferrochrome, magnetite, coal, phosphate ore, vanadium, titanium, copper, and vermiculite. Announced by privately held Mozambican company, the Maputo Port Development Company (MPDC), the uptick represents a 16% year-on-year growth compared to 2022, while contributing over $41 million in fixed and variable fees to the country’s government. “The handling of these cargoes reflects the diversification strategy on which the Port of…READ MORE HERE https://lnkd.in/dhXyRbye

The global Barite market was valued at US$ 977.9 million in 2022 and is anticipated to reach US$ 1056.7 million by 2029 witnessing a CAGR of 1.1% during the forecast period 20232029. In 2019 Chinas barite mineral output accounted for 29.91% of the global output and 31.17% of the global market share. India and Morocco are the second and third largest producers of barite minerals respectively accounting for 24.11 percent and 11.51 percent of global barite mineral production in 2019. In terms of applications drilling fluid is the largest part accounting for 78% of the global market share in 2019.

The global Barite market was valued at US$ 977.9 million in 2023 and is anticipated to reach US$ 1056.7 million by 2030 witnessing a CAGR of 1.1% during the forecast period 20242030. In 2019 Chinas barite mineral output accounted for 29.91% of the global output and 31.17% of the global market share. India and Morocco are the second and third largest producers of barite minerals respectively accounting for 24.11 percent and 11.51 percent of global barite mineral production in 2019. In terms of applications drilling fluid is the largest part accounting for 78% of the global market share in 2019. #GlobalBariteMarket #BariteIndustry #MarketResearch #DrillingFluid #BariumCompounds #PaintsAndCoatings #PlasticsAndRubber #PaperMaking #Medical #Cosmetics

The global Barite market was valued at US$ 977.9 million in 2023 and is anticipated to reach US$ 1056.7 million by 2030 witnessing a CAGR of 1.1% during the forecast period 20242030. In 2019 Chinas barite mineral output accounted for 29.91% of the global output and 31.17% of the global market share. India and Morocco are the second and third largest producers of barite minerals respectively accounting for 24.11 percent and 11.51 percent of global barite mineral production in 2019. In terms of applications drilling fluid is the largest part accounting for 78% of the global market share in 2019. #GlobalBariteMarket #BariteIndustry #MarketResearch #DrillingFluid #BariumCompounds #PaintsAndCoatings #PlasticsAndRubber #PaperMaking #MedicalIndustry #CosmeticsIndustry

IVANHOE MINES PROVIDES 2023 PRODUCTION RESULTS AND 2024 PRODUCTION GUIDANCE FOR THE KAMOA-KAKULA COPPER COMPLEX .Kamoa-Kakula produced 393,551 tonnes of copper in concentrate in 2023, within guidance .Year-over-year copper production increased by 18% .Kamoa-Kakula sets 2024 production guidance at between 440,000 and 490,000 tonnes of copper, with Phase 3 concentrator ahead of schedule for completion in Q3 2024 .Daily milling record achieved of 31,084 tonnes by Phase 1 and 2 concentrators of ore on January 1, 2024 .Kamoa-Kakula’s 2024 cash cost and capital expenditure guidance will be included in 2023 year-end financial results on February 26, 2024 .Kamoa Copper’s outstanding growth profile aligns with first-class…READ MORE HERE https://lnkd.in/ds2b8krC

Mineral Production in the Country has grown by 5.1 percent in December 2023 as compared to the level in the month of December 2022. As per the Ministry of Mines, the cumulative growth of Mineral Production for the period April to December, 2023-24 is 8.5 per cent higher than the corresponding period of last year. Minerals that have projected positive growth during December, 2023 include Magnesite, Lignite, Limestone, Coal, Natural Gas, Zinc, Manganese, Lead, Copper and Bauxite.

The Union Ministry of Mines has reported a significant surge in India's mineral production, revealing that the mineral production index for October 2023 was 13.1 per cent higher than the same month in the previous year. According to provisional statistics from the Indian Bureau of Mines (IBM), the cumulative growth for the April-October period registered a robust 9.4per cent year-on-year increase. Annurag Batra | Tanvie Ahuja | Noor Fathima Warsia https://lnkd.in/gTPg_V5Z

While India is rich with quite a few mineral resources like Coal, Iron Ore, Bauxite, somewhat okay with Oil, Zinc, Copper, Manganese, Magnesium, Nickel etc. but it has to largely depend on imports of Oil, Copper and some other Non Ferrous metals resulting in huge drain on its foreign exchange reserves. Private Sector companies like Hindalco, Hind Zinc & Vedanta as well as PSUs like Hind Copper, NALCO, MOIL & small one like MIDHANI are relative contributing well. Private sector companies like Hindalco, Vedanta & Hind Zinc are likely to perform very well. Vedata's recent award of Copper Mining asset in Africa and about 50% expansion at Hind Zinc and possibility of acquisition/strengthening of its assets in South Africa could make these companies the most valuable mining and exploration companies. It may be possible for their stock prices to rise by about 40-50 % in future.

The updated Mineral Resource Report, dated November 2023, reveals a 69% increase in Measured and Indicated Resources, with an additional 20% rise in Inferred Resources. https://lnkd.in/edRv2C8e #kabanga #nickel Lifezone Metals

A review of copper cobalt ore smelting process with magnesium oxide from congo gold Summary The fire and wet processes commonly used by several representative copper oxide cobalt ore smelting enterprises in Katanga Province of the Democratic Republic of the Congo are introduced and reviewed. Among them, the country’s state-owned enterprises produce final products such as electric copper and electric cobalt, while the country’s Chinese-funded enterprises generally produce intermediate products or semi-finished products. Due to the lack of chemical reagents and raw and auxiliary materials for the smelting of copper oxide cobalt ore in the country, importing related reagents and materials has increased the production costs of enterprises. #magnesia #mgo #magnesiasupplier #chemicalsupplier #magnesiumoxide https://lnkd.in/eE_-a9Yw