Constance - Copperbelt Katanga Mining

Written by Constance

First Demonstration of EV Pilot Battery Passports Successful

January 24, 2023January 24, 2023 Constance

Eurasian Resources Group (ERG) and its partners in ReSource, a digital platform for the traceability of minerals powered by blockchain technology ensuring provenance and traceability of minerals from the mine to the EV battery, are proud to announce a successful demonstration of two of the first EV battery passports pilots. The pilots were developed and issued in collaboration with Albemarle, CMOC, ERG, Glencore, Kryha, LG Energy Solution, RCS Global, Tesla, Umicore, and the Global Battery Alliance (GBA), the world’s largest multi-stakeholder organisation to establish a sustainable battery value chain by… Read More Here

Battery Metals International

TANTALEX LITHIUM CLOSES ON 3M USD WORKING CAPITAL FACILITY

January 24, 2023January 24, 2023 Constance

Tantalex Lithium Resources Corp. has announced that it has closed a working capital finance facility of $3 million for its TiTan tin and tantalum concentrate plant, which is scheduled to begin production at the end of March 2023. The funds will be made available for drawdown as of February 8th, 2023. The Facility shall be repaid in installments of $125,000 per month plus the interest payable at a rate of 10% per annum. Construction works have now resumed, and transportation of the plant modules from Manono to the plant location… Read More Here

Battery Metals Mining in Zambia

FQM Nickel Mine Production Not et Commenced

January 24, 2023January 24, 2023 Constance

First Quantum Minerals (FQM) has announced that the official start date for production at its projected $800 million annual revenue nickel project in Kalumbila has not yet been set, as the miner is still in the stripping process. In an interview with the Zambian Business Times (ZBT), FQM Government Relations Manager Dr. Godwin Beene stated that there has not yet been an official date set as they have not yet completed the stripping process, as the team has not yet reached the ore bodies. Dr. Beene, who is also the… Read More Here

Mining in Zambia Battery Metals

Zambia to Start Construction of Electric Vehicle Battery Manufacturing Plant in Three Months

January 24, 2023January 30, 2023 Constance

Mines Minister Paul Kabuswe has urged Zambians to be patient until 2026 to assess whether the government has succeeded in managing the mining sector, which is currently in a state of flux due to efforts to reorganize the extractive industry. Mr. Kabuswe also announced that construction of an electric vehicle battery manufacturing plant will begin in the next three months, with feasibility studies and other regulatory processes currently underway in Ndola, where the plant will be located. Speaking today 24.01.2023 on Tuesday’s edition of the “Let the People Talk” program,… Read More Here

Gold International

Porgera Mine Restart Remains On Hold

January 24, 2023January 24, 2023 Constance

Barrick Gold Corporation Chief Executive Officer Mark Bristow has urged all PNG parties involved in the Porgera Mine Mine reopening negotiations to complete the process by the end of the first quarter. Barrick CEO Mark Bristow recently visited Papua New Guinea as part of his regular visits to the company’s mines. During his trip, he met with government officials and community leaders in Port Moresby and Porgera. He also expressed his disappointment with the ongoing delay in reopening the Porgera mine, which has been closed for nearly three years, and… Read More Here

Coal International

Buffalo Coal Dundee Secures USD$30,000,000 From SARB

January 23, 2023January 23, 2023 Constance

Buffalo Coal Corp. has announced that its wholly owned subsidiary, Buffalo Coal Dundee has entered into and received approval from the South African Reserve Bank (SARB) regarding a secured credit facility agreement dated November 7, 2022 and addendum to the facility agreement dated December 29, 2022 with Ikwezi Mining FZE, an affiliate of the company’s majority shareholder, Belvedere Resources. Pursuant to the Credit Agreement, the Lender will make a credit facility available to BCD in the aggregate principal amount of USD$30,000,000, which amount may be drawn in up to ten… Read More Here

Gold International

Barrick Reports Stronger Q4 Gold Production

January 23, 2023January 23, 2023 Constance

Barrick Gold Corporation has reported preliminary full year and fourth quarter 2022 production results. On the back of stronger Q4 production, 13% higher than the previous quarter, preliminary gold production for the full year of 4.14 Moz was approximately 1% lower than the 4.2 Moz previously guided, while preliminary copper production of 440 million pounds for 2022 was in line with the guidance range of 420 to 470 million pounds. The preliminary Q4 results show sales of 1.11 Moz of gold and 99 million pounds of copper, as well as… Read More Here

Battery Metals Exploration International

Quantum Battery Metals further Gears Up for Copper Demand

January 23, 2023January 23, 2023 Constance

Quantum Battery Metals Corp., a battery metals mining company, has announced plans to review property acquisition for battery metal projects and expand its focus towards copper opportunities. A projected chronic gap between worldwide copper supply and demand, beginning in the middle of this decade, is expected to have severe consequences on the global economy and impact the timing of achieving Net-Zero Emissions by 2050. Copper is crucial for all energy transition plans, but the potential supply-demand gap is anticipated to be significant as the transition progresses. Quantum is actively engaging… Read More Here

Mining in DRC Copper

Copper Prices Rise, Trading at $9,188.85 On Friday, January 20, 2023.

January 23, 2023January 23, 2023 Constance

Copper is relaunching on the international market after a year of scarcity. Based on indications from the London Stock Exchange, copper is trading at USD 9,188.85 per tonne as of Friday, January 20, 2023. Although the valid reasons are not mentioned for this increase of almost 600 USD, experts in the sector inform that the giant of the trade Trafigura plans to withdraw a significant volume of copper from the stores of the LME. The metal should stay on the continent, say the same sources. LME copper inventories, at 83,325 tonnes,… Read More Here

Copper International

Glencore Halts Operations In Peru Due To Violent Protests

January 23, 2023January 23, 2023 Constance

Following Friday’s 18.01.2023 attack that set on fire a worker housing area, Glencore announced that it has halted operations at the Antapaccay copper mine in southern Peru. In a media statement, the company said that the incidents endangered the safety of its employees and, therefore, authorities should start taking action to safeguard people’s integrity and private property rights. According to the Swiss miner, a group of citizens from the Espinar province, where Antapaccay is located, arrived at the site Friday noon and demanded that operations be stopped and that the firm issue a… Read More Here