CKM NEWSLETTER 05-08-2024

Ivanhoe Mines recorded a profit of $67 million for Q2 2024 compared with a profit of $87 million for Q2 2023…

Ivanhoe Mines recorded a profit of $67 million for Q2 2024 compared with a profit of $87 million for Q2 2023. Ivanhoe Mines’ normalized profit for Q2 2024 was $115 million, compared with a normalized profit of $114 million for Q2 2023. Normalized profit for the quarter excludes the non-cash loss on the fair valuation of the embedded derivative component of the $575 million convertible bond and the…  Read full details

• Konkola Copper Mines Begins Paying Creditors
• DRC Minister of Mines and World Bank Discuss Strategic Cooperation
• Cami and Sankuru Collaborate for Mining Sector Development
• FQM Partners with Unza and CBU to Launch Applied Fieldwork Course
• Cape Town Mining Summit to Highlight the DRC’s Critical Mineral Investment Prospects
• ZCCM-IH Delivers a K146 Million Dividend to IDC
• DRC Minister of Mines Advocates for Sustainable and Diversified Resource Exploitation in Isiro
• China’s Copper Buyers Make Cautious Return After Prices Slump
• De Beers Group Reports 21% Revenue Decline Amid Challenging Market Conditions
• DRC Ministry of Mines Receives the Seal of the Republic
• Chinese Companies Defy Mining Suspension in South Kivu
• Illegal Mining Threatens Okapi Wildlife Reserve in Ituri

• Experts Advocate for Local Processing of Kivu Coltan to Boost Economic Gains
• President Tshisekedi and Brookings Institution Discuss Profitable Mineral Exploitation for the DRC
• Kizito Pakabomba Visits Kibali Gold Mine to Inaugurate New Projects
• Prospect Resources Expands Copper Potential at the Mumbezhi Project in Zambia
• Galileo Resources Begins Copper Exploration with Drill Program in Zambia
• DRC Minister of Foreign Trade Advocates for Duty-Free Mining Exports to the U.S.
• Anglo American Signs $195 Million Royalty Sale Agreement with Taurus Funds Management
• Vedanta Completes $245 Million Disbursement to Konkola Copper Mines
• Vedanta Resources Reinstates Board of Directors at Konkola Copper Mines
• DRC Minister of Mines Embarks on Transformative Mission to Haut-U l and North Kivu

Aim-listed Tertiary Minerals has identified a significant copper-in-soil anomaly at its Mupala project in Zambia…

Aim-listed Tertiary Minerals has identified a significant copper-in-soil anomaly at its Mupala project in Zambia. The company announced on July 29 that field analytical results from a recent soil sampling program confirmed the prospectivity of the license, supplementing historical data and its proximity to other copper prospects. Tertiary Chairperson Patrick Cheetham noted that while more work is …  Read full details

China’s CMOC Group Ltd. has solidified its position as the world’s leading cobalt producer…

China’s CMOC Group Ltd. has solidified its position as the world’s leading cobalt producer, generating more than three times the output of its well-known rival, Glencore Plc. This significant surge in production has further depressed cobalt prices. Last year, CMOC surpassed Glencore to become the top producer. Recent first-half output figures reveal a widening gap between the two companies… Read full details

FQM has partnered with Hitachi Construction Machinery to trial a fully electric dump truck at the Kansanshi mine…

First Quantum Minerals has partnered with Hitachi Construction Machinery to trial a fully electric dump truck at the Kansanshi mine. This groundbreaking initiative represents a significant step toward a more sustainable and environmentally friendly mining industry. Copper is crucial for the global transition to a lower carbon, renewably powered, electric future. However, mining this essential… Read full details

• Experts Advocate for Local Processing of Kivu Coltan to Boost Economic Gains
• President Tshisekedi and Brookings Institution Discuss Profitable Mineral Exploitation for the DRC
• Kizito Pakabomba Visits Kibali Gold Mine to Inaugurate New Projects
• Prospect Resources Expands Copper Potential at the Mumbezhi Project in Zambia
• Galileo Resources Begins Copper Exploration with Drill Program in Zambia
• Anglo American Signs $195 Million Royalty Sale Agreement with Taurus Funds Management

Rome Resources provides an update on drilling operations at the Company’s flagship project located in the North Kivu province in the DRC…

Rome Resources Plc provides an update on drilling operations at the Company’s flagship project located in the North Kivu province in the Democratic Republic of Congo which comprises the Kalayi prospect, the Mont Agoma prospect and the Mont Agoma Northwest prospect (together the “Bisie North Projects”) The Company is pleased to announce that it has commenced the mobilisation of the first…Read full details