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MMG releases 2024 First Quarter Production Report 1 International Press Release Zinc 

MMG releases 2024 First Quarter Production Report

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MMG Limited (MMG, the Company) yesterday 23rd April released its First Quarter Production Report for the three months ended 31 March 2024, producing 67,129 tonnes of copper and 59,247 tonnes of zinc. This follows the completion of the acquisition of the Khoemacau mine for an effective Enterprise Value of US$ 1,875 million, last month. This important acquisition aligns to MMG’s vision of creating a leading international mining company for a low carbon future and will create meaningful long-term value for MMG shareholders. MMG Interim CEO Liangang Li, noted: β€œTotal copper… Read More Here
Shortages key to copper's upward price trajectory to new peaks 2 International Copper 

Shortages key to copper’s upward price trajectory to new peaks

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 Upward momentum that has propelled copper prices to within a whisker of the psychological $10,000 a metric ton mark is expected to be sustained by the appearance of shortages over the coming months. Copper prices have recently been bolstered by expectations of tight supplies and optimism about demand prospects from energy transition applications such as electric vehicles and new technology such as artificial intelligence and automation. A pick-up in manufacturing activity, particularly in top consumer China where surveys of purchasing managers have started to show expansion has also contributed to… Read More Here
Japanese Govt Pledges K38 Billion Investment in Zambia's Mining Sector 3 Mining in Zambia Copper Economy 

Japanese Govt Pledges K38 Billion Investment in Zambia’s Mining Sector

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The Japanese Government has committed to invest K38 billion to support Japanese ventures in Zambia’s mining industry, aiming to bolster bilateral cooperation in this crucial sector. During a bilateral meeting held in Tokyo, Japan’s Minister of Economy, Trade and Industry, Saito Ken, expressed the Japanese Business Corporation’s keen interest in investing in Zambia’s mining industry. Vice Minister Taku Ishii further highlighted collaboration efforts between the Japan Organization for Metals and Energy Security (JOGMEC) and the Zambian Government on exploration projects. In response, Zambia’s Minister of Mines and Minerals Development, Paul… Read More Here
IMF Director Urges Zambia to Maintain Economic Momentum Amidst Climate Challenges 4 Mining in Zambia Economy 

IMF Director Urges Zambia to Maintain Economic Momentum Amidst Climate Challenges

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During a meeting in Washington DC, IMF Managing Director Kristalina Georgieva underscored the importance for Zambia to sustain its economic transformation despite short-term setbacks caused by drought and climate change. Georgieva commended the country’s policy reforms, acknowledging them as driving forces for progress. She also praised Zambia’s recent deal with bondholders as a significant milestone in its economic recovery. Finance Minister Situmbeko Musokotwane expressed gratitude to the IMF for its support during economic challenges, emphasizing President Hichilema’s commitment to Zambia’s economic transformation. Musokotwane highlighted Zambia’s 5% annual GDP growth in… Read More Here
Zambia Aims for Three Million Tonnes of Copper Production by 2031 5 Mining in Zambia Copper 

Zambia Aims for Three Million Tonnes of Copper Production by 2031

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The Zambian government is gearing up to launch an initiative aimed at boosting copper production to three million tonnes annually by 2031. This ambitious goal was unveiled during the African Minerals Development Center Assessment workshop in Lusaka, focusing on sustainable mineral resource management and alignment with the African Mining Vision (AMV). Tobias Musonda, Director of Planning and Information for Mines and Minerals Development, announced that the strategy to achieve this target is nearing completion. The initiative will involve collaboration between existing mining companies and artisanal small-scale miners. Dr. Marit Kitaw,… Read More Here
Mopani Copper Mine Workers to Receive 13% Salary Increase in 2024 Agreement 6 Mining in Zambia 

Mopani Copper Mine Workers to Receive 13% Salary Increase in 2024 Agreement

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Unionised employees of Mopani Copper Mine will see a 13% salary boost as part of the 2024 agreement between the union and the mine. The agreement, celebrated during a signing ceremony in Kitwe, entails a salary increment alongside a bonus scheme. Under the new agreement, the most junior unionised workers will enjoy a K800 raise, while senior employees will receive K1400. Additionally, Mopani Copper Mines plans to hire 441 new miners, a move praised by Employee Relations Manager Justine Chiwama. Chiwama commended the swift negotiations, attributing the success to the… Read More Here
Mining Cadastre Addresses Protestant University of Congo in Kinshasa 7 Mining in DRC 

Mining Cadastre Addresses Protestant University of Congo in Kinshasa

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The Director General of the Mining Cadastre, Mr. Popol MABOLIA YENGA, delivered a keynote address at a conference organized by the student structure “Agora Juridique” at the Protestant University of Congo (UPC) on April 19, 2024. The conference, themed “The mining sector of the Democratic Republic of Congo: challenges and prospects,” aimed to educate law students about the intricacies of the mining industry and foster dialogue on its future. Mr. MABOLIA emphasized the need for the younger generation to familiarize themselves with the mining sector and the Mining Code, urging… Read More Here
Zijin’s Congo mine shipments returned due to radiation levels 8 Mining in DRC Cobalt Copper 

Zijin’s Congo mine shipments returned due to radiation levels

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Mineral shipments from a Congolese copper and cobalt operation majority-owned by China’s Zijin Mining Group Co. Ltd were returned due to overly high radiation levels, the Congolese mines minister said in a letter seen by Reuters on Monday. The letter, dated April 12, informed the COMMUS project in which Zijin owns a 72% stake that the ministry had suspended its licence while it investigated the issue. β€œI am informed of the return of your shipments that exported … mineral products to South Africa on the grounds that their radioactivity content… Read More Here
Sub-Saharan Africa's Energy Transition Minerals Valued at $2 Trillion by 2050 9 Battery Metals Cobalt Lithium Mining in DRC 

Sub-Saharan Africa’s Energy Transition Minerals Valued at $2 Trillion by 2050

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Sub-Saharan Africa is poised to play a significant role in the global energy transition, with the potential to generate nearly $2 trillion from the production of essential metals by 2050, according to the International Monetary Fund (IMF). In a paper released on Friday, the IMF outlined that global revenue from mining key metals such as copper, cobalt, lithium, and nickel could soar to $16 trillion over the next 25 years, as projected by the International Energy Agency (IEA). Sub-Saharan Africa is expected to contribute around 12% of this total output.… Read More Here
Lobito Corridor Master Plan brings together Government and partners on Thursday 10 Transport and Logistics Angola Mining in DRC Mining in Zambia 

Lobito Corridor Master Plan brings together Government and partners on Thursday

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Government officials, business leaders, international partners, and experts will convene for a workshop on Thursday to lay the groundwork for the Master Plan of the Lobito Corridor, also known as the Benguela Railway. The meeting, as reported by JA Online, will focus on mapping infrastructure gaps, discussing the design and significance of public-private partnerships, and exploring avenues for unlocking the corridor’s development potential. Organized jointly by the Ministries of Planning and Transport, in collaboration with the World Bank, the workshop adopts the theme “Diversify more by unlocking the potential of… Read More Here

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