| DRC & Zambian top mining news Our most read stories this week 
| Kamoa Copper production exceeded 500 tonnes per day toward the end of July… To date, approximately 500,000 tonnes of ore have been milled, including approximately 263,000 tonnes grading 5.7% copper in July. Copper production has steadily increased since hot commissioning began at the end of May. Copper production exceeded 500 tonnes per day toward the end of July, nearing the Phase 1 steady-state design capacity of approximately 550 tonnes per day, or 200,000 tonnes per year… Read full article Read Also; Maamba Collieries Completes Five Years of Energy Supply | Sponsored advertisement | More top mining stories | |  | | | | | | |
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| Jubilee’s Operational Earnings Increased for 178% and a Revenue Increase of 133% for the Financial Year ended June 30, 2021… | Dual-listed Jubilee Metals Group recorded a year-on-year operational earnings increase of 178% and a revenue increase of 133% for the financial year ended June 30. The company had combined attributable operational earnings for the six months to June 30, of £40.1-million – up 36% from the previous year’s comparative period – resulting in a 178% year-on-year increase in combined attributable… Read full article Read Also: BHP Joins Komatsu’s GHG Alliance |
| China Molybdenum will invest $2.51 billion to double production at Tenke Fungurume mine (TFM)… China Molybdenum will invest $2.51 billion to double copper and cobalt production at its giant Tenke Fungurume mine (TFM) in the Democratic Republic of Congo. The project, expected to be completed and online in 2023, includes building three ore production lines. They are forecast to rise average annual copper output at the mine by 200,000 tonnes and increase cobalt output by 17,000 tonnes, the… Read full article | 
| Glencore in $2.8BN bonanza payouts after record half-year profits… Glencore will return $2.8 billion to shareholders in 2021 after soaring commodity prices helped the mining and trading company to a record performance for the first six months of the year, it said on Thursday. The London-listed company joins rivals Rio Tinto and Anglo American in declaring bonanza payouts after record half-year profits buoyed by a rebound in demand for commodities… Read full article | |  |
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| Luangwa Minerals has entered into an agreement with Mwashia Resources to acquire up to a 90% joint venture… Aim-listed Tertiary Minerals has announced that its subsidiary Luangwa Minerals has entered into an option agreement with Mwashia Resources to acquire up to a 90% joint venture interest in five large exploration licences in Zambia considered prospective for copper. The agreement covers exploration licence 27069-HQ-LEL, also known as Jack’s Licence, and the rights to option four additional and… Read full article | 
| Kagem emerald mine, produced 10.34-million carats of gemstones, including emeralds and beryls during the first half of the year… Gemstone miner Gemfields’ 75%-owned Kagem emerald mine, in Zambia, produced 10.34-million carats of gemstones, including emeralds and beryls during the first half of the year, while its Mozambique-based Montepuez ruby mine, in Mozambique, produced 2.05-million carats. This is despite the Kagem mine not having produced in January and February, while production at its Montepuez mine was suspended… Read full article |
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