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ANGLO AMERICAN ANNOUNCES FIRST COPPER PRODUCTION FROM QUELLAVECO PROJECT IN PERU 1 Copper International New Mining Projects 

ANGLO AMERICAN ANNOUNCES FIRST COPPER PRODUCTION FROM QUELLAVECO PROJECT IN PERU

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Anglo American plc announces first production of copper concentrate from its Quellaveco project in Peru – a major milestone as Quellaveco nears completion ahead of receiving final regulatory clearance for commercial operations to begin. Tom McCulley, who has led Anglo American’s development of Quellaveco, said: “First copper production at Quellaveco is a key milestone in our delivery of this world-class asset, on time and on budget.  The fact that we are today producing copper less than four years after project approval, including through two years of considerable pandemic-related disruption, is… Read More Here
Zambia seeks out-of-court resolution to Vedanta dispute 2 Mining in Zambia Copper 

Zambia seeks out-of-court resolution to Vedanta dispute

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Zambia’s mines minister Paul Kabuswe has told state mining investment company ZCCM-IH to engage with Vedanta Resources in an effort to find an out-of-court resolution to their long-running dispute over Konkola Copper Mines (KCM), he said on Tuesday. “We must sit around the table and begin to discuss. We cannot solve these matters in court,” Kabuswe said at a press briefing streamed live on Facebook. “I have since given an instruction to ZCCM-IH to quickly tell their lawyers to reach out to Vedanta’s lawyers.” Vedanta spokesperson Masuzyo Ndhlovu said the mines minister’s comments are… Read More Here
COMMISSIONING OF 500MVA 330/220/33KV MUKUNI SUBSTATION IS ZESCO’S STEP FORWARD IN THE CHAMPIONS LEAGUE 3 Energy Mining in Zambia 

COMMISSIONING OF 500MVA 330/220/33KV MUKUNI SUBSTATION IS ZESCO’S STEP FORWARD IN THE CHAMPIONS LEAGUE

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We are pleased to announce the commissioning of the 500MVA 330/220/33KV Mukuni Substation in a quest to boost power supply to various sectors of our economy. The commissioning of this substation will significantly reduce the power deficit and deliver economic dividends to our people in the short and long term. Furthermore, this commissioning signifies the corporation’s positive steps towards the improvement of power supply and enhanced power trading among market players of the Southern African Power Pool (SAPP). It is worth noting that this project falls within the scope of… Read More Here
Mining products still down during this week from July 11 to 16, 2022 - DRC 4 Cobalt Copper Mining in DRC Zinc 

Mining products still down during this week from July 11 to 16, 2022 – DRC

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The general trend of export mining products from the Democratic Republic of Congo remains downward during this week from July 11 to 16, 2022, inform the projections of the National Mercurial Commission of the Ministry of Foreign Trade. This week, copper keeps its downward trend and is trading at 8,018.55 USD per ton against 8,442.25 USD per ton, a negative price difference of 423.7 USD. Cobalt remains stable on the market again this week at 87,781.05 USD per ton. Zinc is also down this week at 3,129.00 USD per ton… Read More Here
Congo plans border post expansion as mining trucks endure up to 60 km queues 5 Mining in DRC Mining in Zambia 

Congo plans border post expansion as mining trucks endure up to 60 km queues

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Democratic Republic of Congo plans to expand its main border post with Zambia, a source close to its government said, to ease truck queues of up to 60 km that copper miners have faced this year due to increased production and inadequate infrastructure. The backlog of trucks at Kasumbalesa, a border town and the main exit point for metals exports from Congo, is an example of supply chain disruption that will make it harder to meet future demand for copper, essential for electric vehicles. “A construction project for a second… Read More Here
Copper price hits a 20-month low on recession fears 6 Copper International 

Copper price hits a 20-month low on recession fears

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Copper prices hit a 20-month low on Monday as persistent worries that a recession would dampen metals demand hit a market with thin summer volumes. Copper for delivery in September fell 3% from Friday’s settlement, touching $3.41 per pound ($7,517 per tonne) Monday morning on the Comex market in New York, the lowest since November 2020. “The dollar strength was the trigger that came on top of the recent recession fears, pulling the rug from under the market,” said Ole Hansen, head of the commodity strategy at Saxo Bank in… Read More Here
ANGLO AMERICAN INVESTS IN SANERGY ORGANIC WASTE UPCYCLING 7 Mining in Zambia Energy 

ANGLO AMERICAN INVESTS IN SANERGY ORGANIC WASTE UPCYCLING

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Anglo American has agreed to lead the latest investment round of Sanergy Inc, an organic waste upcycling business with operations in Kenya. Sanergy’s innovative solutions are helping to transform how fast-growing cities in the developing world manage waste by upcycling it into high value agriculture and energy products – such as insect-based protein for animal feed, organic fertiliser for regenerative farming and biomass fuel for sustainable, localised power sources. Sanergy’s zero-waste approach, founded on the principles of circularity, contributes to protecting human health and reducing environmental emissions, promoting sustainable agriculture,… Read More Here
Gold nears 9-month low as looming rate hikes lift dollar 8 Gold International 

Gold nears 9-month low as looming rate hikes lift dollar

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Gold prices fell on Monday, lingering near a recent nine-month low, after strong US job market data last week boosted the dollar and the likelihood of another big rate hike by the Federal Reserve. Spot gold fell 0.3% to $1 736.11/oz by 12:17 GMT. US gold futures dipped 0.6% to $1 732.40. The dollar rose about 0.8% dimming greenback-priced gold’s appeal among overseas buyers. The jobs report published on Friday tempered some of the recessionary fears that were starting to cast doubts over how far the Fed could go in terms of… Read More Here
Barrick recognised as key socio-economic partner to Tanzania 9 Mining Companies 

Barrick recognised as key socio-economic partner to Tanzania

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Barrick Gold Corporation has been recognised as the largest contributor to government revenue in 2021, confirming its position as a key partner in the socio-economic development of Tanzania. President and chief executive Mark Bristow said that since the company took control of North Mara and Bulyanhulu in September 2019, its total in-country investment has totalled $1.995 billion1. In the first half of this year, it has paid $158 million in taxes, royalties and levies, $42 million in distributions to the Government of Tanzania in the form of dividends and shareholder… Read More Here
Civil society denounces the lifting of the suspension of certain Chinese mining companies in Mwenga- DRC 10 Mining in DRC Mining Companies 

Civil society denounces the lifting of the suspension of certain Chinese mining companies in Mwenga- DRC

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The member organizations of the Mining and Hydrocarbons Thematic Working Group of civil society in South Kivu are indignant at the lifting of the measure suspending the activities of certain mining companies, in particular Oriental Resources Congo (ORC), active in the territory of Mwenga without respecting the defined clauses. In a statement signed this Thursday, July 7, 16 organizations deplore in particular the fact that the restrictions are lifted without a parliamentary inquiry being carried out. “The absence of the real nature of the exploitation by this company hidden under… Read More Here

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