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Zambia's Govt Reaffirms Commitment to Mining Sector Growth Amid Strong Copper Production 1 Mining in Zambia Copper 

Zambia’s Govt Reaffirms Commitment to Mining Sector Growth Amid Strong Copper Production

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Zambia’s government has reiterated its commitment to creating a favorable investment climate in the mining sector, citing impressive increases in copper production as evidence of the success of its policies, according to Canadian miner First Quantum Minerals (FQM). This affirmation followed a recent visit by government officials, including the Ministers of Finance, Mines, Information, and Labour, to FQM’s Kansanshi and Trident mining operations. The visit underscored a significant rise in copper production, which is helping Zambia move closer to its ambitious target of producing 3 million tons of copper annually… Read More Here
Peru's Copper Production Declines 1.2% in September Amid Output Slumps from Top Miners 2 International Copper 

Peru’s Copper Production Declines 1.2% in September Amid Output Slumps from Top Miners

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Peru’s copper production fell by 1.2% in September, reaching 232,423 metric tons, compared to the same month last year, according to the Ministry of Energy and Mines. Copper is a key industry in Peru, one of the world’s largest producers, which generated 2.76 million tons in 2023. The drop in output was largely driven by decreased production from Peru’s two largest copper miners: Cerro Verde, controlled by Freeport-McMoRan, and Antamina, jointly controlled by Glencore and BHP. Output from both mines declined by 11% and 6.7%, respectively, year-on-year. From January to… Read More Here
Zambia and Zimbabwe Urged to Diversify Energy Sources Amid Kariba Dam Crisis 3 Mining in Zambia Electricity 

Zambia and Zimbabwe Urged to Diversify Energy Sources Amid Kariba Dam Crisis

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A significant drop in water levels at the world’s largest man-made reservoir, the Kariba Dam, has left Zambia and Zimbabwe without power for hours, underscoring the need for both countries to diversify their energy sources, according to Zambia’s Energy Minister Makozo Chikote. “The over-dependence on hydropower has exposed the vulnerability of our energy mix,” Chikote said. “This has been a wake-up call, prompting us to consider alternative energy sources,” he added during an energy summit in Victoria Falls on Monday. The Kariba Dam, which provides the majority of electricity to… Read More Here
BHP CEO Mike Henry Foresees $250 Billion Copper Investment to Drive Industry Mergers 4 International Copper Mergers & Acquisitions Mining Personality 

BHP CEO Mike Henry Foresees $250 Billion Copper Investment to Drive Industry Mergers

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Soaring demand for copper will require an estimated $250 billion of investment over the next decade, fueling further mergers in the industry, according to BHP Group Ltd. CEO Mike Henry. In a Bloomberg Television interview, Henry highlighted the increasing challenges in finding and developing new deposits of critical minerals, which are becoming more costly and technically complex to manage. “This suggests a trend toward consolidation, with companies that have scale, strong balance sheets, and deep technical expertise, like BHP, being well-positioned to lead in the decades ahead,” Henry stated. Copper… Read More Here
Abu Dhabi’s IRH Eyes Stake in Alphamin Tin Operations 5 International Corporate News Tin 

Abu Dhabi’s IRH Eyes Stake in Alphamin Tin Operations

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Abu Dhabi’s International Resources Holding (IRH) is exploring an indirect stake in Alphamin, a Toronto- and Johannesburg-listed tin miner, according to a report by Bloomberg News. This potential investment would further expand IRH’s growing portfolio of mining interests. Alphamin’s majority shareholder, Denham Capital, which holds 57% of the company, is reportedly considering transferring its stake into an investment vehicle that could involve IRH. Alphamin operates the Bisie tin mine in the Democratic Republic of Congo, which is undergoing an expansion to produce approximately 20,000 tons of tin annually—accounting for about… Read More Here
Glencore Tests Advanced Leaching Technology to Boost Copper Extraction in Chile 6 International Copper 

Glencore Tests Advanced Leaching Technology to Boost Copper Extraction in Chile

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Glencore Plc is advancing a groundbreaking extraction technology at its Lomas Bayas copper mine in northern Chile, aiming to increase yields from low-grade ore. This initiative reflects the mining industry’s push to enhance productivity amidst declining ore quality and growing demand for copper in global electrification efforts. After two years of successful laboratory trials, Glencore and Ceibo, a Chilean startup backed by BHP Group, announced the commencement of large-scale on-site testing of Ceibo’s innovative leaching process. The partners have not disclosed investment figures for the project. Ceibo joins companies like… Read More Here
Mitsui & Co. Leads Bidding for First Quantum’s Zambian Copper Mines 7 Mining in Zambia Copper Corporate News Mergers & Acquisitions 

Mitsui & Co. Leads Bidding for First Quantum’s Zambian Copper Mines

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Japanese trading giant Mitsui & Co. has emerged as the top bidder for a stake in First Quantum Minerals Ltd.’s Zambian copper mines, outpacing a rival offer from Saudi Arabia’s state-backed Manara Minerals Investment Co., according to sources familiar with the matter. Mitsui’s bid is reportedly higher than Manara’s and involves acquiring roughly a 20% interest in First Quantum’s Sentinel and Kansanshi mines for approximately $2 billion. Negotiations between Mitsui and First Quantum are underway, though no final agreement has been reached, and other outcomes, including selling the stake to… Read More Here
felix tshisekedi Gecamines 111 Mining in DRC New Mining Projects Zinc 

DRC President Relaunches Kipushi Corporation to Boost Zinc Production and Jobs

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Democratic Republic of Congo (DRC) President Félix Tshisekedi announced the official relaunch of Kipushi Corporation (Kico SA) on Sunday during a meeting in Lubumbashi. Located in Kipushi, a mining town in Haut-Katanga, the company’s revival is expected to boost job creation and elevate the town’s global profile through zinc production, which is in high demand across industries. “Kipushi will experience a revival,” Tshisekedi stated. “Hundreds, even thousands, of direct and indirect jobs will be created. This activity will put Kipushi on the world map, as zinc remains a highly sought-after… Read More Here
Kipushi Mine Resumes Operations as a Global Leader in Zinc Production 8 Mining in DRC New Mining Projects Zinc 

Kipushi Mine Resumes Operations as a Global Leader in Zinc Production

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After a 30-year hiatus, the Kipushi mine in Haut-Katanga, located 30 kilometers from Lubumbashi, has officially resumed operations. Known as the world’s highest-grade zinc mine, it now boasts a state-of-the-art concentrator capable of processing 800,000 tonnes of ore annually. This facility, completed in May 2024, achieved its first zinc concentrate production in June 2024. The mine, which ceased operations in 1993, is targeting 2024 production levels of 50,000 to 70,000 tonnes of zinc in concentrate. Its modern concentrator employs advanced grinding and flotation technologies, achieving a recovery rate of 96%… Read More Here
Mufumbwe Residents in Zambia Celebrate Kalengwa Mine Reopening as Economic Game Changer 9 Mining in Zambia New Mining Projects News in Brief 

Mufumbwe Residents in Zambia Celebrate Kalengwa Mine Reopening as Economic Game Changer

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Residents of Mufumbwe, North Western Province, have expressed their excitement over the reopening of Kalengwa Mine, calling it a transformative step for the district’s economic future. They believe the mine’s revival will create new business opportunities and generate employment, especially for young people in the area. READ MORE:President Hichilema Reopens Zambia’s Kalengwa Mine After 46 Years Speaking to ZNBC News, the residents thanked President Hakainde Hichilema for bringing development to Mufumbwe. The President is in North Western Province to reopen Kalengwa Mine, Kansenseli Gold Mine, and to commission the Kasajiko… Read More Here

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