Constance - Copperbelt Katanga Mining

Written by Constance

Zambia’s plan to dig its way out of debt with a copper revival

August 13, 2023August 13, 2023 Constance

As of July, the pursuit of a premier copper reserve on a global scale guided a Silicon Valley startup to the doorstep of a once-mighty mining empire. In the town of Chililabombwe, situated within Zambia’s Copperbelt province and near the border with the Democratic Republic of Congo, dignitaries observed with anticipation as a drilling rig penetrated deep into rock. KoBold Metals, backed by formidable venture capitalists such as Breakthrough Energy Ventures with support from luminaries like Bill Gates and Jeff Bezos, embarked on a $150 million exploration venture with the… Read More Here

Gold International

Barrick open to Saudi wealth fund buying stake in Pakistan’s Reko Diq project

August 13, 2023August 13, 2023 Constance

Barrick Gold Corp (ABX.TO) is open to bringing in Saudi Arabia’s wealth fund as one of its partners in Pakistan’s Reko Diq gold and copper mine, Barrick CEO Mark Bristow told Reuters in an interview on last week. He also dismissed a june media report that Barrick was in talks with fellow Canadian miner First Quantum Minerals (FM.TO) on a possible acquisition as a “rumour”. Barrick Gold owns a 50% stake in Pakistan’s Reko Diq mine, with the remaining 50% owned by the governments of Pakistan and the province of Balochistan. Barrick considers the mine… Read More Here

Mining in Zambia Mine Safety

Zambia’s Chipangali Council Penalizes Mining Company for Safety Breaches

August 13, 2023August 13, 2023 Constance

During a recent gathering of the full council, it was revealed that Kuma Mining Company, involved in granite extraction, has been sanctioned by the Chipangali Town Council for several safety regulation infractions. The company was found to be lacking a dust emission report, among other breaches of safety protocols. Council Chairperson, Maxson Nkhoma, shared this information and emphasized that the local administration has been in communication with all mining enterprises within the district, stressing the importance of carrying out social corporate responsibilities. Kennedy Sakala, the Councillor for Kasenga Ward, expressed… Read More Here

Mining in Zambia Battery Metals Copper

US Firm Commits Billions to Establish Mineral Refineries in Zambia

August 13, 2023August 13, 2023 Constance

A prominent American corporation, Critical Resources Development, has unveiled ambitious plans to invest a substantial sum exceeding ten billion US dollars in the establishment of three advanced mineral and Rare Earth element refineries within Zambia. These state-of-the-art refineries are slated to be strategically positioned within Multi-Facility Economic Zones situated across the Copperbelt region’s central and northern provinces. In a recent interaction with local traditional leaders from the Copperbelt area, the President of Critical Resources Development, Chris Robinson, articulated the company’s commitment to generating significant economic opportunities. Robinson highlighted that the… Read More Here

Mining in Zambia Artisanal mining

Zambia Pioneers Efforts to Empower Women and Youth in the Mining Sector

August 13, 2023August 13, 2023 Constance

In a significant stride towards enhancing the mineral trade landscape, Zambia’s Mines and Minerals Development Minister, Paul Kabuswe, has revealed comprehensive strategies and the establishment of pioneering institutions. These initiatives are aimed at expediting the government’s procurement and payment processes for minerals while fostering equitable participation of women and youth. During the inauguration of a workshop centered on amplifying Women and Youth involvement within the Mining sector across the Great Lakes Region, Hon. Kabuswe highlighted the prevalent challenges faced by artisanal and small-scale miners. Often cornered into dealing with unscrupulous… Read More Here

Mining in Zambia Mine Safety

Rising Mine Incidents Raise Concerns for Zambia’s Mining Sector

August 11, 2023August 11, 2023 Constance

In the initial half of 2023, Zambia’s Ministry of Mines has reported a worrisome tally of 12 fatal accidents within its mining operations. Adding to the concern, there have been 14 recorded instances of perilous accidents, as revealed by Dr. Hapenga Kabeta, the Mines and Mineral Development Permanent Secretary. Expressing deep concern over the surge in mining accidents, Dr. Kabeta emphasized the adverse impact of these incidents on the sector’s productivity. His remarks were made on the occasion of the inter-mine First Aid competition held at Trident Mine in Kalumbila… Read More Here

Mining in Zambia Artisanal mining

Enhancing Mineral Trade Regulations and Small-Scale Mining Protection in Zambia

August 11, 2023August 11, 2023 Constance

Renowned Geologist and Mining Specialist Advocates for Stricter Regulations to Safeguard Zambia’s Mineral Trade In a recent discourse, esteemed geologist and mining expert Dr. Sixtus Mulenga emphasized the imperative of enacting legislation that mandates all individuals engaged in the trade of rough stones to possess a valid mining license. Dr. Mulenga posits that exclusively companies involved in the mining, cutting, and polishing of stones should be permitted to partake in the trade of rough stones, effectively eradicating the illicit trade perpetuated by unlicensed traders. Addressing participants at the Artisanal Workshop,… Read More Here

International Gold Lithium

Minister highlights Zimbabwe mining sector’s growth potential

August 11, 2023August 11, 2023 Constance

By bringing previously unregulated small-scale miners into the formal fold and introducing incentives for established producers, Zimbabwe has boosted its gold output from about 20 t to 35 t a year over the past five years, with the small-scale miners now contributing 60% to the tally, Information, Publicity and Broadcasting Services Minister Monica Mutsvangwa said on Wednesday August 9th. Mutsvangwa, who was speaking at a dinner she hosted in Harare for journalists from ten Southern African Development Community countries, said the country’s gold production was projected to double by 2025. “The mining sector is ripe for faster growth, as gold is literally… Read More Here

International Copper New Mining Projects

Sandfire cuts the ribbon at Botswana copper mine

August 11, 2023August 11, 2023 Constance

Copper miner Sandfire Resources has officially opened its Motheo copper mine, in Botswana. A final investment decision on the $259-million Motheo mine was taken in December 2020 and first concentrate from the mine was produced in May this year. The base-case Motheo operation requires a capital investment of $259-million, and based on a 3.2-million-tonne-a-year operation, would deliver 30 000 t/y of contained copper and 1.2-million ounces of contained silver over an initial mine life of 12.5 years. The project is expected to ramp up its initial throughput rate to 3.2-million tonnes rate, to produce 30 000 t/y of contained copper and… Read More Here

Gold International

B2Gold continues to look at opportunities in Mali

August 11, 2023August 11, 2023 Constance

Vancouver-based B2Gold remains actively committed to exploring expansion opportunities in Mali, despite the government’s proposal to introduce a new mining code. The proposed code aims to enhance the State’s stake in gold mining projects within the country. Under the leadership of the military-led government, discussions are under way with gold mining companies, including B2Gold, regarding potential amendments to the existing mining law that could increase the government’s take in projects from 20% to 35%. B2Gold CEO Clive Johnson has provided assurance on last week’s earnings call that the proposed 2023 mining code will only apply to future developments and that the Fekola mine will continue to be… Read More Here