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Barrick Sounds Out First Quantum Holders on Possible Bid 1 Gold International 

Barrick Sounds Out First Quantum Holders on Possible Bid

Constance
Barrick Gold Corp. has spoken with some of First Quantum Minerals Ltd.’s major investors to gauge their support for a potential takeover, after the sudden closure of its flagship mine left the Canadian copper producer reeling and wiped out more than half its market value. Barrick Chief Executive Officer Mark Bristow approached some of First Quantum’s largest investors late last year, according to people familiar with the situation, who asked not to be identified as the talks were private. It wasn’t immediately clear if Barrick has made a fresh approach… Read More Here
Workers at FQM’s shuttered Panama mine warn of threat to ‘invade’ site 2 International Copper 

Workers at FQM’s shuttered Panama mine warn of threat to ‘invade’ site

Constance
The union representing workers at First Quantum’s copper mine in Panama on Wednesday warned of another union’s plan to “invade” the site next week, the latest face-off over the now-shuttered mine that provoked nationwide protests last year. The UTRAMIPA miners’ union said in a statement it was “worried” by the plans of the Suntracs construction workers union, the largest in the country, to force its way into the Canadian miner’s operation on Jan. 9. First Quantum in late November suspended commercial production at the mine and put it into care… Read More Here
Zambia's Economy To Grow By 4 Percent 3 Mining in Zambia Economy 

Zambia’s Economy To Grow By 4 Percent

Constance
 The Policy Monitoring and Research Centre -PMRC- has projected Zambia’s economic growth to increase to above 4 percent  in 2024 following the continued policy reforms. PMRC Executive Director, SYDNEY MWAMBA says Zambia’s economic outlook for 2024 remains positive with growth projected to increase due to higher global copper prices as well as the market confidence associated with ongoing fiscal consolidation measures. In a statement issued to ZANIS in Lusaka, Mr. MWAMBA noted that the country, in 2023, made significant advancements with regards to enhancing human development through increased investment in… Read More Here
Mining Licensing Committee grants 118 artisanal mining rights to Cooperatives in Zambia 4 Mining in Zambia Artisanal mining 

Mining Licensing Committee grants 118 artisanal mining rights to Cooperatives in Zambia

Constance
In a stride toward enhancing artisanal mining, Zambia’s Mining Licensing Committee recently sanctioned 118 artisanal mining rights for Cooperatives. This amplifies the count of issued rights for Cooperatives to 206 in the ongoing year. According to Samuel Maango, the Mining Cadastre Department Director, the initial approval of 88 artisanal mining rights for Cooperatives dates back to October 2023. Maango confirmed the issuance of letters of offer to these Cooperatives, with the mining Cadastre slated to embark on an inspection to verify the residency of the beneficiaries at their respective application… Read More Here
Vedanta Resources Limited Awaits Control of Konkola Copper Mines Post Arrangement Scheme 5 Mining in Zambia Copper News in Brief 

Vedanta Resources Limited Awaits Control of Konkola Copper Mines Post Arrangement Scheme

Constance
Vedanta Resources Limited clarified that it has not assumed managerial control at Konkola Copper Mines (KCM) until the scheme of arrangement concludes. Masuzyo Ndhlovu, Director of Corporate Communications at Vedanta Resources Zambia, explained that the scheme of arrangement denotes a legally approved agreement between a company and its creditors. Mr Ndhlovu elaborated that the scheme encompasses actions like withdrawing the Provisional Liquidator and reinstating the KCM Board. He emphasized that the company’s obligation to settle dues to creditors and employees will commence once all requisite processes are finalized for a… Read More Here
Anglo American submits $1.1 billion tailings, water management plan for Los Bronces 6 International Copper 

Anglo American submits $1.1 billion tailings, water management plan for Los Bronces

Constance
Anglo American (LON: AAL) submitted an environmental impact declaration before Chile’s Environmental Assessment Service (SEA), which is aimed at accelerating the tailings removal process from the Pérez Caldera Dam at its Los Bronces mine; adapting the operation’s water supply so that it functions with desalinated water; and repowering the recovered water system. In a statement sent to local media, Anglo American said that the $1.1 billion plan will pay special attention to re-pulping or moving mineral pulp or tailings from the Pérez Caldera dam to the Las Tórtolas tailings dam.… Read More Here
UMK announces reduction in Manganese production 7 Battery Metals International Press Release 

UMK announces reduction in Manganese production

Constance
Johannesburg: United Manganese of Kalahari (UMK) announced today that, in response to the worsening market conditions, it will reduce the production of manganese ore and concomitant to that, the sale of its ore products, for the time being. “Softened demand side conditions have informed our decision to ease production and sales,” said UMK chief executive Malcolm Curror.  He added that the company will return to normalised outputs when the market recovers.  Curror noted that the temporary slowdown in production and sales will have no impact on the company’s employee body. … Read More Here
Ivanhoe Mines' Kamoa-Kakula Copper Complex Begins Exports Through Lobito Atlantic Rail Corridor 8 Mining in DRC Copper Mining in Zambia Transport and Logistics 

Ivanhoe Mines’ Kamoa-Kakula Copper Complex Begins Exports Through Lobito Atlantic Rail Corridor

Constance
Ivanhoe Mines Executive Co-Chair Robert Friedland and President Marna Cloete announce today January 2nd that the first shipment of copper concentrate from the Kamoa-Kakula Copper Complex has arrived by rail at the Atlantic Ocean port of Lobito, in Angola. The first shipment is a part of the trial tonnage under the memorandum of understanding (MOU) signed between Lobito Atlantic International SARL (LAI or the Consortium) and Kamoa Copper S.A. (Kamoa Copper) on August 18, 2023. The rail line, linking the Democratic Republic of Congo (DRC) Copperbelt to the port of… Read More Here
Illegal Chinese Gold Mining Leaves An Open Wound In Ghana 9 International Gold 

Illegal Chinese Gold Mining Leaves An Open Wound In Ghana

Constance
Chinese national En “Aisha” Huang is well known in Ghana as the “Galamsey Queen,” a nickname bestowed by the local media to describe her status as a kingpin of illegal gold mining operations. Her arrest and recent sentencing are emblematic of Ghana’s serious, ongoing problem with Chinese involvement in illegal artisanal small-scale gold mining (ASM). A Ghanaian court on December 4 sentenced Huang to 4½ years in prison and levied a $4,000 fine for running an illegal mining operation. Authorities told reporters that she will be deported after serving the… Read More Here
First Cargo Train of Copper Ore Arrives at Lobito 10 Copper Mining in DRC Transport and Logistics 

First Cargo Train of Copper Ore Arrives at Lobito

Constance
On Sunday morning, December 31st, Lobito witnessed the arrival of a groundbreaking cargo train carrying 960 tons of unprocessed copper ore from the Democratic Republic of Congo’s Kolwezi region. Departing from the Luau station in Moxico province on a Friday evening at 4:30 PM, the seventeen-vehicle train, including a GE C30ACi locomotive and 16 LC-type wagons, traveled 1,289 kilometers for 38 hours to reach the Lobito Commercial Port. This monumental arrival signaled the first ore shipment post the transfer agreement of railway services and logistics support for the Lobito Corridor… Read More Here

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