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FQM MAINTAINS PRODUCTION GROWTH IN Q3  1 Mining in Zambia Copper Press Release 

FQM MAINTAINS PRODUCTION GROWTH IN Q3 

Constance
First Quantum Minerals maintained its trend of increasing production in the third quarter of 2023, propelled by the mining firm’s execution of new agreements with the Zambian government in the previous year.During the quarter, FQM marked a significant milestone by making its first concentrate sale from the newly established Enterprise nickel mine in Kalumbila. Additionally, the company continued to advance steadily with the S3 expansion project at its Kansanshi mine in Solwezi.This performance was also a result of mining fleet deployment changes, allowing for the opening up of new mining… Read More Here
Mapping Artisanal Mining Sites in Western Mambasa, DRC's Ituri Province 2 Artisanal mining Gold Mining in DRC 

Mapping Artisanal Mining Sites in Western Mambasa, DRC’s Ituri Province

Constance
The western part of Mambasa territory in Ituri province, Democratic Republic of Congo (DRC), has largely remained off the radar of national authorities and international partners, despite a significant surge in artisanal and small-scale gold mining (ASM) operations. These expansions have not only triggered tensions between various stakeholders but also raised concerns about environmental degradation and insecurity in the region, particularly in the Okapi Wildlife Reserve (OWR). To delve into the intricacies of these issues, the International Peace Information Service (IPIS) conducted a comprehensive study, analyzing 41 mines in western… Read More Here
Chemaf Resources in DRC Seeks Buyer Amid Cobalt Price Slump 3 Mining in DRC Battery Metals Cobalt 

Chemaf Resources in DRC Seeks Buyer Amid Cobalt Price Slump

Constance
A mining company in the Democratic Republic of Congo, supported by commodity trader Trafigura Group, has put itself up for sale due to the declining cobalt prices that have left the company struggling to complete its key projects. Chemaf Resources Ltd.’s expansion plans faced financial troubles, prompting the need for fresh investment. The company was aiming to construct one of the largest copper and cobalt mines in Congo and two new processing plants. Last year, it secured a $600 million loan from Trafigura. However, Bloomberg reported in August that Trafigura… Read More Here
Panama’s top court considers lawsuit over First Quantum deal 4 International Copper 

Panama’s top court considers lawsuit over First Quantum deal

Constance
Panama’s Supreme Court will consider a lawsuit which alleges that the nation’s contract with copper miner First Quantum Minerals Ltd. violates the constitution. The court said in a statement that it will issue an opinion on the lawsuit within 10 business days. If it then proceeds, it will request written arguments from attorneys representing both sides. From there, it would advance to the magistrates for a ruling, the court said. Shares of First Quantum fell in Canada trading after the statement, and were down 4.1% at 12.47 a.m. in Toronto.… Read More Here
DRC's Historic Bakwanga Diamond Miner Seeks Fresh Capital for Recovery 5 Diamond Mining in DRC 

DRC’s Historic Bakwanga Diamond Miner Seeks Fresh Capital for Recovery

Constance
The MIBA, or Bakwanga diamond mining company In the Democratic Republic of Congo, has long been a cornerstone of the country’s economy. After several years of stagnation, it gradually recommenced operations in 2011. However, today, its business is no longer as lucrative as it once was. The company’s recovery plan, estimated at USD 453 million, is set to be implemented over five years, accompanied by an investment plan of USD 161 million to be executed within three years. Fresh capital is needed to breathe new life into this enterprise. The… Read More Here
Visionary Prince Nyampala Kicks Off Inaugural DRC National Gold Day 6 Gold Events & Expos Mining in DRC 

Visionary Prince Nyampala Kicks Off Inaugural DRC National Gold Day

Constance
Prince Nyampala, the visionary behind the inaugural National Gold Day in the Democratic Republic of Congo (DRC), set the stage for a profound dialogue on the significance of gold at the Congo lounge of the Pullman Grand Hotel in Kinshasa on October 24, 2023. In his opening address, Prince Nyampala, who boasts 17 years of expertise in communication, events, and public relations as the Managing Director of ALTESS SARL, emphasized the remarkable rarity of gold. He shared that the Earth takes an astonishing one million years to produce just one… Read More Here
EU Signs Crucial Partnerships with DRC and Zambia for Sustainable Raw Materials Value Chains 7 Mining in DRC Angola Battery Metals Mining in Zambia Partnership Transport and Logistics 

EU Signs Crucial Partnerships with DRC and Zambia for Sustainable Raw Materials Value Chains

Constance
At the recent “Global Gateway” forum in Brussels, Jutta Urpilainen, the European Union’s Commissioner for international partnerships, signed significant memoranda of understanding with key African counterparts. On October 26, 2023, she joined hands with the Democratic Republic of Congo’s Minister of Transport, Marc Ekila Likombo, for a partnership on critical and strategic raw materials value chains. Furthermore, a strategic partnership on sustainable raw materials value chains was established with Zambia’s Minister of Finance, Situmbeko Musokotwane. This momentous event follows the G20 Summit in New Delhi, India, in September 2023, where… Read More Here
ZCCM-IH Delivers 436 Million Kwacha Dividend to IDC Amidst Resilient Performance 8 Mining in Zambia Copper Corporate News 

ZCCM-IH Delivers 436 Million Kwacha Dividend to IDC Amidst Resilient Performance

Constance
ZCCM-IH, under the leadership of Chairperson Kakenenwa Muyangwa, demonstrated its financial strength and resilience by delivering a substantial dividend totaling over 436 million Kwacha. This dividend reflects the company’s performance over the financial years 2021 and 2022, even in the face of a challenging business environment in the past three years. Despite these challenges, ZCCM-IH exhibited robust growth. The group’s revenue soared from 174 million Kwacha in 2020 to an impressive 11.9 billion Kwacha in 2022. A significant contributor to this remarkable surge was the strategic acquisition of Mopani Copper… Read More Here
glencore london International Copper 

Glencore to close copper mines in Mount Isa, Queensland in 2025

Constance
Swiss commodity trader Glencore has plans to close its underground copper mines in Mount Isa, Queensland, Australia, in H2 2025, after 60 years of mining operations. The decision to close the underground copper operations belonging to operator Mount Isa Mines (MIM) is expected to affect 1,000 jobs. Affected operations include Enterprise, X41 and Black Rock, in addition to the nearby Lady Loretta Zinc mine. However, the company plans to continue to operate Mount Isa Mines’ other metals assets, including the copper smelter, the George Fisher Mine, the zinc-lead concentrator and… Read More Here
Kibali Mining Company's Transformative Role in DRC's Gold Industry 9 Mining in DRC Gold 

Kibali Mining Company’s Transformative Role in DRC’s Gold Industry

Constance
Panelists at the World Gold Day event organized by the Chamber of Mines and the Federation of Congolese Companies (FEC) discussed the remarkable contributions of Kibali mining company to the Democratic Republic of Congo (DRC) over its 14-year existence. During the panel discussion on “the pillars of the revival of the gold industry in the DRC,” Cyril Mutombo emphasized that the Congolese population should benefit from the economic impact created by mining companies in the gold sector. He noted that Africa produces only 45% of the world’s gold, highlighting the… Read More Here

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