| DRC & Zambian top mining news Our most read stories this week 
| International Export of Copper Concentrate Commences at Kamoa in DRC… Kamoa-Kakula begins exporting copper concentrate internationally as production ramps up. Kamoa Copper draws down US$300 million advance payment facility available under the offtake agreements; all future Phase 1 operating costs and majority of Phase 2 capital expenditures expected to be funded from copper sales and facilities in place. Daily shipments of copper concentrate to local smelter to produce… Read full article Read Also; De Beers’ Second-Quarter Rough Diamond Production Up 134% | Sponsored advertisement | More top mining stories | |  | | | | | | |
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| Diamond drilling activities are under way at ARC’s Fwiji target area… | Junior explorer Arc Minerals has started a diamond drill programme on its majority-controlled licences in north-western Zambia. Diamond drilling activities are under way at the Fwiji target area following further technical work and analysis from last year’s exploration drilling campaign. The programme will initially centre on a linear feature of about 2 km to the south of last year’s drilling… Read full article Read Also: Metso Outotec Wins $423m Freeport Copper Smelter Order |
 
| | DRC’s ECG to Commence Artisanal Cobalt Purchaes with the Initial Quantity Totaling 7,000 Tons… The General Cobalt Company (EGC) plans to purchase 7,000 tonnes of cobalt from artisanal miners, for an aggregate value of US $ 150 Million (USD). A ton will trade at 30,000 USD. This is part of EGC’s first purchases from artisanal miners. According to internal EGC sources, the Kasulo mining site, near Kolwezi in Lualaba province, was chosen for the first purchases. The source indicates that… Read full article | 
| TFM’s Expansion Commences Trial Production in DRC… The expansion project of China Molybdenum’s Tenke Fungurume Mining (TFM) mine in Democratic Republic of Congo had started trial production on July 16, the company said in a statement. The expansion project of the TFM mine is expected to produce 88 500 t of copper cathode and 7 280 t of cobalt hydroxide, according to the statement issued on Monday. It also has a designed capacity to… Read full article | | 
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| Zambia’s Central Bank Acquires 478KG of Gold since December 2020… According to Bank of Zambia on its website, 478.76 kilos (15,392 oz) of gold for K604.3 million since December, 2020 have been acquired from First Quantum Mining – FQMs Kansanshi Mine (12.6k.oz) and Zambia Gold Company (2.8k.oz), a subsidiary of ZCCM – IH. This is actualisation of the GPAs signed off in December of 2020. Zambia’s reserves were last reported officially at just under $1.4 billion … Read full article | 
| AVZ’s Manono Project Operational Update in DRC… AVZ’s Managing Director, Mr Nigel Ferguson, said: “The Company has been extremely busy progressing the Project and is diligently executing its strategy to deliver a Final Investment Decision (FID) during the second half of this year, pending the award of a Mining Licence by the DRC Government, whom we are actively engaged with and discussions are progressing well. The current global interest in green battery minerals… Read full article |
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