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Zambia Embraces US-Backed Project to Transform Copper Mining Logistics 1 Mining in Zambia Copper Mining in DRC Transport and Logistics 

Zambia Embraces US-Backed Project to Transform Copper Mining Logistics

Constance
Zambian President Hakainde Hichilema has hailed a transformative initiative supported by the United States, aiming to link the nation’s copper mines to the Angolan port of Lobito, presenting what he calls a “once-in-a-lifetime” opportunity for Zambia. The ambitious project involves the construction of new railway infrastructure in Zambia, connecting mining operations owned by companies such as Barrick Gold Corp. and First Quantum Minerals Ltd. to the Atlantic Ocean port of Lobito in Angola. The United States is contributing to the refurbishment of the Angolan railway with a $250 million loan,… Read More Here
SOLWEZI COOPERATIVES RECEIVE K2.6M BOOST FROM FQM  2 Mining in Zambia Copper Corporate social responsibility 

SOLWEZI COOPERATIVES RECEIVE K2.6M BOOST FROM FQM 

Constance
First Quantum Minerals (FQM) has doubled the number of small business cooperatives it supports under its Tujipamo Community Project to empower entrepreneurs in the areas around its Kansanshi mine in Solwezi. Some K2.6 million has been disbursed to 12 cooperatives this year, building on the support for six cooperatives last year by the company’s Kansanshi Mining operation. The Tujipamo Community Project builds upon the success of last year’s pilot project, under which Kansanshi Mining supported six cooperatives with more than K5 million. The positive impact of this initial endeavour encouraged… Read More Here
Panama to defend interests in FQM case, official says 3 Copper International 

Panama to defend interests in FQM case, official says

Constance
Panama will defend its interests in a legal dispute with Canadian miner First Quantum, Panama’s deputy finance minister told Reuters on Monday. The miner had last week said it was seeking $20 billion through international arbitration after Panama ordered the closure of a major copper mine there. The government ordered the shutdown in December after protests calling for more environmental protections erupted across the country and a court ruling deemed the contract to run the mine unconstitutional. “As we have done before will defend the interests of the Republic of… Read More Here
Westate Resources Commits $120M to Nangoma Mining Ventures in Zambia 4 Mining in Zambia 

Westate Resources Commits $120M to Nangoma Mining Ventures in Zambia

Constance
Westate Resources Limited, an Australian-based company, has announced plans to invest approximately $120 million in mining ventures in Nangoma, Central Province. Managing Director Paul Berresford stated that this infusion of capital is intended to bolster expansion and exploration initiatives in the area. During discussions with Central Province Minister Princess Kasune, Mr. Berresford emphasized that the funds will be allocated in phases to support various facets of the company’s operations, with a primary emphasis on fostering sustainable growth and responsible resource management. Minister Kasune underscored the importance of adherence to established… Read More Here
DRC's CAMI Implements Accountability System Under New Leadership 5 Mining in DRC 

DRC’s CAMI Implements Accountability System Under New Leadership

Constance
In a landmark move for the Mining Cadastre (CAMI) in the Democratic Republic of Congo, the newly appointed steering committee has initiated an accountability system since assuming office on August 9, 2023. On Monday, February 26, 2024, CAMI’s Director General, Popol Mabolia, presented the significant accomplishments and future outlook of the new team to stakeholders in the mining sector during a press café held at CAMI’s headquarters in Gombe. Mabolia highlighted several achievements, including the resolution of technical issues with 3,050 mining titles, with approximately one-third facing legal challenges. CAMI… Read More Here
Zambia and World Bank Partner to Boost Copper Production 6 Mining in Zambia Copper Economy 

Zambia and World Bank Partner to Boost Copper Production

Constance
Zambia, in collaboration with the World Bank, has embarked on a strategic initiative to elevate the country’s annual copper production to three million metric tonnes, signaling a concerted effort to revitalize the economy and leverage its mineral wealth. Speaking at the Roadmap for Leveraging Zambia’s Energy Transition Mineral Endowment for Economic Transformation Workshop in Lusaka, Finance and National Planning Minister, Situmbeko Musokotwane, unveiled plans for this ambitious endeavor. He emphasized the importance of value addition, citing a robust market demand poised to drive Zambia’s copper industry forward. “Despite the passage… Read More Here
Transformative Copper Venture Set to Energize Mumbwa Region in Zambia 7 Copper Mining in Zambia New Mining Projects 

Transformative Copper Venture Set to Energize Mumbwa Region in Zambia

Constance
In a significant development poised to revitalize Central Province, a joint venture copper mine, the Kitumba Mine, is set to commence operations in Mumbwa with an initial infusion of US$500 million, promising to generate approximately 2,000 direct employment opportunities. Minister of Mines and Minerals Development, Paul Kabuswe, unveiled this promising venture during an interview on ZNBC’s Sunday Interview program, where he underscored the transformative impact expected in the mining sector. “Kitumba Mine, a collaborative effort between Zambian and British stakeholders, marks a turning point for the region,” Minister Kabuswe remarked.… Read More Here
President Tshisekedi Discusses Eastern DRC Security with Angolan Counterpart 8 Mining in DRC Governance News in Brief 

President Tshisekedi Discusses Eastern DRC Security with Angolan Counterpart

Constance
President Félix Tshisekedi arrived in Luanda, Angola, on Tuesday morning for a one-on-one meeting with his Angolan counterpart to address the security situation in eastern DRC. Upon the Angolan President’s initiative, this closed session in Luanda follows up on the mini-summit on security in eastern DRC held on February 18 in Addis Ababa, Ethiopia, during the 37th Ordinary Session of the African Union Heads of State and Government. During the discussions, the DRC reiterated its stance, emphasizing the immediate withdrawal of Rwandan military troops from Congolese territory, cessation of hostilities… Read More Here
Tertiary Minerals to own 90% of Zambia copper assets in new JV 9 Mining in Zambia Copper 

Tertiary Minerals to own 90% of Zambia copper assets in new JV

Constance
Tertiary Minerals PLC announced on Monday a new joint venture deal with Zambia-based Mwashia Resources Ltd, consolidating ownership of the Jacks, Mukai, and Mushima North exploration licenses into a new Zambian company. Tertiary Minerals, a mineral exploration and development company focusing on energy transition metals, operates projects in the US and Zambia. Under the agreement, the new company will be 90% owned by Tertiary’s Zambian subsidiary, Tertiary Minerals (Zambia) Ltd, with Mwashia holding the remaining 10%. Previously, all licenses were held by Mwashia. Tertiary possesses the right to a 90%… Read More Here
Ivanhoe Mines Reveals 2023 Financials and Project Updates at BMO Global Metals Conference 10 Mining in DRC Copper Gold Nickel Press Release 

Ivanhoe Mines Reveals 2023 Financials and Project Updates at BMO Global Metals Conference

Constance
Ivanhoe Mines’ (TSX: IVN) (OTCQX: IVPAF) President Marna Cloete and Chief Financial Officer David van Heerden were pleased to present, ahead of the 33rd BMO Global Metals, Mining & Critical Minerals Conference in Hollywood, Florida, the company’s financial results for the year ended December 31, 2023, and provided an operations and project development update. Ivanhoe Mines is a leading Canadian mining company developing and operating its four principal mining and exploration projects in Southern Africa: expanding operations at the world-class Kamoa-Kakula Copper Complex (Kamoa-Kakula) in the Democratic Republic of Congo… Read More Here

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