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Glencore Tests Advanced Leaching Technology to Boost Copper Extraction in Chile 1 International Copper 

Glencore Tests Advanced Leaching Technology to Boost Copper Extraction in Chile

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Glencore Plc is advancing a groundbreaking extraction technology at its Lomas Bayas copper mine in northern Chile, aiming to increase yields from low-grade ore. This initiative reflects the mining industry’s push to enhance productivity amidst declining ore quality and growing demand for copper in global electrification efforts. After two years of successful laboratory trials, Glencore and Ceibo, a Chilean startup backed by BHP Group, announced the commencement of large-scale on-site testing of Ceibo’s innovative leaching process. The partners have not disclosed investment figures for the project. Ceibo joins companies like… Read More Here
Mitsui & Co. Leads Bidding for First Quantum’s Zambian Copper Mines 2 Mining in Zambia Copper Corporate News Mergers & Acquisitions 

Mitsui & Co. Leads Bidding for First Quantum’s Zambian Copper Mines

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Japanese trading giant Mitsui & Co. has emerged as the top bidder for a stake in First Quantum Minerals Ltd.’s Zambian copper mines, outpacing a rival offer from Saudi Arabia’s state-backed Manara Minerals Investment Co., according to sources familiar with the matter. Mitsui’s bid is reportedly higher than Manara’s and involves acquiring roughly a 20% interest in First Quantum’s Sentinel and Kansanshi mines for approximately $2 billion. Negotiations between Mitsui and First Quantum are underway, though no final agreement has been reached, and other outcomes, including selling the stake to… Read More Here
felix tshisekedi Gecamines 111 Mining in DRC New Mining Projects Zinc 

DRC President Relaunches Kipushi Corporation to Boost Zinc Production and Jobs

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Democratic Republic of Congo (DRC) President Félix Tshisekedi announced the official relaunch of Kipushi Corporation (Kico SA) on Sunday during a meeting in Lubumbashi. Located in Kipushi, a mining town in Haut-Katanga, the company’s revival is expected to boost job creation and elevate the town’s global profile through zinc production, which is in high demand across industries. “Kipushi will experience a revival,” Tshisekedi stated. “Hundreds, even thousands, of direct and indirect jobs will be created. This activity will put Kipushi on the world map, as zinc remains a highly sought-after… Read More Here
Kipushi Mine Resumes Operations as a Global Leader in Zinc Production 3 Mining in DRC New Mining Projects Zinc 

Kipushi Mine Resumes Operations as a Global Leader in Zinc Production

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After a 30-year hiatus, the Kipushi mine in Haut-Katanga, located 30 kilometers from Lubumbashi, has officially resumed operations. Known as the world’s highest-grade zinc mine, it now boasts a state-of-the-art concentrator capable of processing 800,000 tonnes of ore annually. This facility, completed in May 2024, achieved its first zinc concentrate production in June 2024. The mine, which ceased operations in 1993, is targeting 2024 production levels of 50,000 to 70,000 tonnes of zinc in concentrate. Its modern concentrator employs advanced grinding and flotation technologies, achieving a recovery rate of 96%… Read More Here
Mufumbwe Residents in Zambia Celebrate Kalengwa Mine Reopening as Economic Game Changer 4 Mining in Zambia New Mining Projects News in Brief 

Mufumbwe Residents in Zambia Celebrate Kalengwa Mine Reopening as Economic Game Changer

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Residents of Mufumbwe, North Western Province, have expressed their excitement over the reopening of Kalengwa Mine, calling it a transformative step for the district’s economic future. They believe the mine’s revival will create new business opportunities and generate employment, especially for young people in the area. READ MORE:President Hichilema Reopens Zambia’s Kalengwa Mine After 46 Years Speaking to ZNBC News, the residents thanked President Hakainde Hichilema for bringing development to Mufumbwe. The President is in North Western Province to reopen Kalengwa Mine, Kansenseli Gold Mine, and to commission the Kasajiko… Read More Here
President Hichilema Commissions Kasenseli Mine 5 Gold Mining in Zambia New Mining Projects 

President Hichilema Commissions Kasenseli Mine

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The commissioning of Kasenseli Mine marks a historic achievement as Zambia’s first government-led gold project, implemented through the Zambia Gold Company in partnership with the Chibwika Chiefdom Development Trust in Mwinilunga. This initiative underscores the government’s dedication to fostering local community involvement and increasing Zambian participation in the mining sector. During the exploration phase, the project has already created approximately 215 jobs, with employment expected to expand to 800 positions in the second phase. An initial investment of K300 million is projected to yield annual production levels of 100 kilograms… Read More Here
President Hichilema Reopens Zambia's Kalengwa Mine After 46 Years 6 Mining in Zambia New Mining Projects 

President Hichilema Reopens Zambia’s Kalengwa Mine After 46 Years

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President Hakainde Hichilema has officially reopened the Kalengwa Mine in Mufumbwe, North-Western Province, marking the end of its 46-year closure. Speaking at the reopening ceremony, President Hichilema criticized previous administrations for failing to revive the mine and apologized to the people of Mufumbwe for decades of neglect. He expressed gratitude for their unwavering support of the UPND over 23 years, stating that the reopening of the Euro Africa Kalengwa Mine is a reward for their trust. The President reaffirmed his administration’s commitment to Zambia’s development and highlighted the strategic importance… Read More Here
Mali Secures $160M Settlement in Gold Mining Dispute Following CEO’s Detention 7 International Gold 

Mali Secures $160M Settlement in Gold Mining Dispute Following CEO’s Detention

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Australian mining company Resolute Mining has agreed to pay Mali’s military government $160 million to resolve a tax dispute that escalated after the detention of the company’s British CEO, Terry Holohan, and two colleagues. The three employees were arrested 10 days ago while traveling to Bamako for what they believed would be routine negotiations. Their release is contingent on the signing of a memorandum of understanding and the completion of an initial $80 million payment, with the remaining $80 million to be paid in the coming months from the company’s… Read More Here
Mopani Copper Mines Begins Exploration Near Mufulira Mine 8 Mining in Zambia Copper New Mining Projects 

Mopani Copper Mines Begins Exploration Near Mufulira Mine

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Mopani Copper Mines has begun exploration activities around Mufulira Mine to extend its lifespan by an additional 30 years, beyond the current projection of 2034. Chief Executive Officer Charles Sakanya revealed the mining giant’s plans during a breakfast meeting with Finance and National Planning Minister Situmbeko Musokotwane in Kitwe. Mr. Sakanya emphasized that the ongoing explorations aim to identify the mineral potential of surrounding areas to secure the mine’s future. He also announced Mopani’s goal to ramp up copper production to a peak of 220,000 metric tonnes annually. Over the… Read More Here
Zambia's ERB Assures Stable Fuel Supply Amid Logistical Challenges 9 Mining in Zambia Oil & Gas Petroleum 

Zambia’s ERB Assures Stable Fuel Supply Amid Logistical Challenges

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The Energy Regulation Board (ERB) has assured Zambians of a stable fuel supply despite logistical challenges impacting fuel imports. ERB Director General Elijah Sichone stated during a media briefing in Lusaka that the country currently has adequate stocks of diesel and petrol. He acknowledged, however, that changes in transit fuel regulations in neighboring countries, particularly Zimbabwe, have disrupted transportation routes and slowed imports. Mr. Sichone revealed that as of November 15, 2024, a survey of 610 out of 617 retail fuel stations showed 82.1% were actively selling both diesel and… Read More Here

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