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Residents of Sinazongwe & Zimba In Dispute Over Lithium Discovery 1 Mining in Zambia Battery Metals News in Brief 

Residents of Sinazongwe & Zimba In Dispute Over Lithium Discovery

Constance
The revelation of Lithium deposits in Southern Province of Zambia has led to conflicts between the residents of Sinazongwe and Zimba Districts. The communities of both districts are claiming that the lithium falls under their territories, resulting in ongoing disputes. Benny Siamujansi, the representative of Senior Chief Mweemba, has requested that the Ministry of Local Development supply a map to resolve the disagreement, as he fears it could escalate. Recently, Paul Kabuswe, the Minister of Mines and Minerals, who visited the area, urged the residents to allow for a safe… Read More Here
KCM Announces Plans To Shut Down Nchanga Smelter In July And August 2 Copper Mining in Zambia 

KCM Announces Plans To Shut Down Nchanga Smelter In July And August

Constance
Konkola Copper Mines Plc (KCM), based in Zambia, announced in a statement on Tuesday 17.01.2023 that it will be shutting down its Nchanga smelter for 45 days between July and August in order to upgrade the infrastructure. According to the statement, KCM will invest $27.63 million in the process, which will encompass a control system upgrade for the smelter, which has a capacity of 311,000 tonnes per annum. The shutdown will be beneficial for the smelter operations as it will improve efficiency and production, resulting in increased revenue for KCM… Read More Here
Lithium Miner Heeds Value Addition 3 International Battery Metals 

Lithium Miner Heeds Value Addition

Constance
A Chinese billionaire and a South African firm have partnered to establish a lithium processing plant in Mutoko, Zimbabwe as a result of the government’s ban on exports of lithium ore and unpurified salts. The plant is expected to produce two million tonnes of lithium concentrate per year. Last month, the government implemented a ban on exports of lithium ore and unpurified salts, with the exception of ore samples sent for analysis. The ban requires that mineral exports be refined or beneficiated within Zimbabwe to meet international trade standards, adding… Read More Here
Critical Minerals To Play A Crucial Role In 2023 4 Mining in DRC Battery Metals Cobalt 

Critical Minerals To Play A Crucial Role In 2023

Constance
The ongoing conflict in Eastern Europe has highlighted Europe’s dependence on Russian gas, causing prices to rise for both individuals and businesses. This has led to increased demand for a rapid shift towards a green economy, which in turn is driving the need for ‘critical’ minerals from the Democratic Republic of Congo, which holds some of the world’s largest reserves of these minerals. In early 2022, President Tshisekedi of the Democratic Republic of Congo, along with the Presidents of Zambia and Rwanda, signed a joint declaration to promote value addition… Read More Here
2023 Outlook for European Copper Markets is Uncertain 5 Copper International 

2023 Outlook for European Copper Markets is Uncertain

Constance
Copper market experts have stated that while there may be difficulties, the outlook for European copper demand in 2023 is not entirely negative A recession is seen as being likely in Europe, sources said, citing inflation, energy prices and a series of other issues that could weaken the region’s economy. So with copper seen as a bellwether of economic strength, concerns about flagging consumer demand and the looming recession mean that European copper premiums are likely to be affected. The European copper market is also relatively tight at present, with imports of… Read More Here
Miners Have To Make Move Into Higher Risk Jurisdictions, ERG CEO Says 6 Copper Battery Metals Cobalt International 

Miners Have To Make Move Into Higher Risk Jurisdictions, ERG CEO Says

Constance
Speaking in an interview with Fastmarkets on Thursday January 11, Benedikt Sobotka, chief executive officer of Eurasian Resources Group (ERG) said that while large, listed miners have historically turned to perceived lower-risk environments such as Canada and Australia, this will need to change because there are vast resources outside those countries. “It forces companies to go into jurisdictions they have historically shied away from and makes it – particularly because of today’s ESG requirements – more difficult to get access and operate,” he said on the sidelines of the Future Minerals Forum… Read More Here
Finding Zambia’s undiscovered minerals 7 Mining in Zambia Copper 

Finding Zambia’s undiscovered minerals

Constance
Becoming a key supplier of copper for the green energy revolution may be Zambia’s Government’s most ambitious goal. If achieved, the gains would be profound and far-reaching.  First Quantum Minerals’ $1.25 billion investment in extending the life of Kansanshi Copper Mine brings with it the promise of more copper for the national inventory.  Expansions at existing mines and new technology for obtaining deeper ores have important roles to play, and the S3 expansion at Kansanshi spells progress. But one very important cog in mining’s growth engine still remains somewhat overlooked: mineral exploration.… Read More Here
Barrick Reports Stronger Q4 Gold Production 8 Copper Gold International 

Barrick Reports Stronger Q4 Gold Production

Constance
 Barrick Gold Corporation yesterday 17.01.2023 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 million ounces was approximately 1% lower than the 4.2 million ounces1 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 indicate that the company sold 1.11 million ounces of gold and 99 million pounds… Read More Here
FQM Announces 2022 Preliminary Production and 2023-2025 Guidance-update 9 Copper International 

FQM Announces 2022 Preliminary Production and 2023-2025 Guidance-update

Constance
First Quantum Minerals Ltd. releases preliminary production figures for Q4 of 2022 and provides guidance for production, capital expenditure and costs for 2023 to 2025. The CEO of First Quantum Minerals, Tristan Pascall, said that the company’s focus on operational improvements has led to a strong end of 2022. He added that the company is closely monitoring macroeconomic conditions and that debt reduction remains a priority. Pascall also said that disciplined and responsible growth are a focus for the company and that the CP100 Expansion is on schedule for 2023… Read More Here
LOADSHEDDING LIKELY TO EASE AS MAAMBA COLLIERIES STARTS FEEDING NATIONAL GRID 10 Electricity Mining in Zambia News in Brief 

LOADSHEDDING LIKELY TO EASE AS MAAMBA COLLIERIES STARTS FEEDING NATIONAL GRID

Constance
Maamba Collieries Limited, as announced by the Minister of Energy, Peter Kapala, will resume normal operations starting today, January 18th, 2023 and will start supplying electricity to the national grid. Kapala says this follows an intervention by government to have the scheduled maintenance period reduced in order to help decrease load-shedding hours the country is currently experiencing. He explains that stabilization tests were done, with the generator now ready to be put into servicing the national grid. The 150 Mega Watts generator at Maamba Collieries Limited was removed from feeding… Read More Here

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