You are here

Written by 

In house writer & editor

Rio signs $51 million earn-in on Zambia copper deposits 1 Copper Mining in Zambia 

Rio signs $51 million earn-in on Zambia copper deposits

Copperbelt Katanga News
Rio Tinto has signed an earn-in and joint venture agreement with Vancouver-based Junior Midnight Sun Mining (TSXV: MMA), under which the Anglo-Australian miner will acquire up to 75% of the shares in its Solwezi licenses can. The Solwezi licenses include two individual exploration licenses totaling 506 square kilometers in the northwestern province of Zambia alongside the Kansanshi mine of First Quantum Minerals – Africa’s largest copper mining complex and one of the largest copper producers in the world. Other notable copper companies in the region include the Sentinel Mine, which… Read More Here
Glencore Rescinds Mopani Closure & Appoints New Acting CEO 2 Mining in Zambia Copper Covid-19 

Glencore Rescinds Mopani Closure & Appoints New Acting CEO

Copperbelt Katanga News
Charles Sakanya, Chief Engineer has been appointed as Mopani Copper Mine acting CEO. Glencore will reverse its earlier decision to shut its Zambia subsidiary Mopani Copper Mines if it reaches an agreement with the Zambian government, the company said on Monday. Glencore wanted to shut the mine due to disruptions of its operations by the Coronavirus crisis and low copper prices, while the Mines Minister has said the company is “fishing” for ways to lay off workers, and 11 000 jobs could be at risk. Glencore’s announcement of the temporary… Read More Here
South African Q1 diamond production up 97% – Anglo 3 Diamond 

South African Q1 diamond production up 97% – Anglo

Copperbelt Katanga News
Diversified mining company Anglo American reported on Thursday that its first-quarter diamond production in South Africa increased by 97% to 0.8-million carats as the final ore from the opencast Venetia mine in Limpopo was mined prior to transitioning to underground mining, Venetia’s underground mine will extend operational life to 2045. In its first quarter production report for the three months to March 31, Anglo stated in a release to Mining Weekly that overall rough diamond production by De Beers was in line with the prior year at 7.8-million carats, with limited impact from… Read More Here
Cobalt collaboration in the DRC 4 Cobalt Mining in DRC 

Cobalt collaboration in the DRC

Copperbelt Katanga News
The mining industry in the Democratic Republic of the Congo (DRC) can be considered one of the most difficult countries on the African continent. True or not, one of its largest copper / cobalt producers, Chemaf, together with its partners – the commodity trader Trafigura and the NGO PACT – has completely ignored this feeling after successfully formalizing manual mining operations in its previously dormant Mutoshi mine would have. In this way, the company has tapped a resource that was not operationally feasible, while improving legal transparency and the livelihood… Read More Here
Mining Economy Mining in DRC Cobalt Copper 

The DRC should become the largest mining economy in Africa

Copperbelt Katanga News
“Investment appetite in the resources sector is low and investment hurdles have been raised which means that only the best investment jurisdictions, like the Democratic Republic of Congo, will receive much needed investment for growth.” This is according to a statement by  Dr Tony Harwood, president and CEO of Montero Mining and Exploration. “The slow-down in the global economy has depressed metal prices and the advent of the Coronavirus (COVID-19) has also worsened this, bringing many countries into a negative growth and some in recession,” Dr Harwood, who is also… Read More Here
First quarter production result for the period ended 31 March 2020 5 Copper International 

First quarter production result for the period ended 31 March 2020

Copperbelt Katanga News
MMG Limited (MMG, the Company)  announced its first quarter 2020 production result, producing 91,911 tonnes of copper and 52,957 tonnes of zinc in the three months to 31 March. MMG’s first quarter copper production was 24 percent down on the prior period, largely impacted by operational challenges and community blockades which temporarily restricted inbound and outbound logistics at Las Bambas. The site faced additional disruptions to mining and production activities due to maintenance requirements and the enactment of Peru’s State of Emergency on 15 March in response to the COVID-19… Read More Here
Katanga Mining implements cash preserving measures at KCC 6 Covid-19 Mining in DRC 

Katanga Mining implements cash preserving measures at KCC

Copperbelt Katanga News
Given the increased macro-economic uncertainty caused by the COVID-19 pandemic, Katanga Mining has implemented a number of measures to minimise cash outflows, while protecting value for when conditions improve at its 75%-owned subsidiary Kamoto Copper Company, which operates in the Democratic Republic of Congo. These measures include: Preserving cash flow through cost saving initiatives and operational efficiency improvements; Suspending certain discretionary activities and associated spend; Suspending certain capital expenditure not related to sustaining day-to-day operations or critical projects; Optimizing working capital levels; and Moratorium on hiring new staff. In addition to the… Read More Here
Gold price rally back on track 7 International Gold 

Gold price rally back on track

Copperbelt Katanga News
The gold price rally continued on Wednesday as wild fluctuations in the financial markets increased, oil increased by a fifth and physical demand for the metal continued to increase. In the Comex market in New York, gold for delivery in June, the most active contract, rose up to $ 54.60 an  ounce, or 3.2%, to $ 1,742.40, wiping out the decline on Tuesday. Gold has risen more than $ 210 an ounce, or 14%, since the beginning of the year as investors flock to safe havens. A week ago, gold… Read More Here
Zambian Mining firms seek government relief package 8 Covid-19 Mining in Zambia 

Zambian Mining firms seek government relief package

Copperbelt Katanga News
The Zambia Chamber of Mines has urged the government to address the issues faced by mining companies amid the Covid-19 pandemic by engaging with the sector. Reuters cited the chamber as saying in a statement that it had submitted a three-phase economic plan to the government to manage the economic impact arising from the coronavirus. The statement reads, “Since then all mining industry stakeholders have been hoping that some significant stimulus measures would be instituted, as is being seen across the world. “This was with a view to providing some guidance to… Read More Here
DRC artisanal miners face uncertain future as Covid-19 disrupts market 9 Covid-19 Mining in DRC 

DRC artisanal miners face uncertain future as Covid-19 disrupts market

Copperbelt Katanga News
Vulnerable community representative organization Impact reports mounting concern for artisanal miners in the Democratic Republic of Congo (DRC), as Covid-19 begins to impact on this vulnerable group of people, with lower demand, price cuts and threats of violence. Impact has been closely following how Covid-19 is affecting the artisanal gold mining sector in the DRC, noting that it is “undeniable” that the entire artisanal gold supply chain, and the women and men that depend on artisanal mining, face grim days ahead. The organization is particularly concerned about the pandemic’s impact… Read More Here

You have successfully subscribed to the newsletter

There was an error while trying to send your request. Please try again.

Copperbelt Katanga Mining will use the information you provide on this form to be in touch with you and to provide updates and marketing.