Category: CKM Newsletter

     DRC & Zambian top mining news Our most read stories this week  Kamoa Copper production exceeded 500 tonnes per day toward the end of July…  To date, approximately 500,000 tonnes of ore have been milled, including approximately 263,000 tonnes grading 5.7% copper in July. Copper production has steadily increased since hot commissioning began at the end of May. Copper production exceeded 500 tonnes per day toward the end of July, nearing the Phase 1 steady-state design capacity of approximately 550 tonnes per day, or 200,000 tonnes per year…… Read More Here

       DRC & Zambian top mining news Our most read stories this week   The DRC through Kamoa Kakula Can Shake Up The Global Hierarchy Of Copper Producers… According to data from the Fich Solutions research agency on forecasts of copper mining production in the world this year and the rest of the decade, the DRC will grow by 6.9% in 2021, driven by the entry into production from the Kamoa-Kakula mine. The asset owned by Ivanhoe Mines already confirms the expectations placed on it and can potentially… Read More Here

      DRC & Zambian top mining news Our most read stories this week   International Export of Copper Concentrate Commences at Kamoa in DRC…  Kamoa-Kakula begins exporting copper concentrate internationally as production ramps up. Kamoa Copper draws down US$300 million advance payment facility available under the offtake agreements; all future Phase 1 operating costs and majority of Phase 2 capital expenditures expected to be funded from copper sales and facilities in place. Daily shipments of copper concentrate to local smelter to produce… Read full article Read Also; De… Read More Here

     DRC & Zambian top mining news Our top stories this week     Miners must use more sustainably ways to extract lithium… A low-carbon future rests on an essential, yet also problematic, technology. Lithium-ion rechargeable batteries — already widely used in laptops and smartphones — will be the beating heart of electric vehicles and much else. They are also needed to help power the world’s electric grids, because renewable sources, such as solar and wind energy, still cannot provide energy 24 hours a day… Read full article    … Read More Here

       DRC & Zambian top mining news Our top stories this week   3.8 million-tonne-per-annum (Mtpa) concentrator plant now is fully operational…   Kamoa-Kakula’s Phase 1, 3.8 million-tonne-per-annum (Mtpa) concentrator plant now is fully operational. First truckloads of copper concentrate were delivered to a local smelter on June 1, 2021, with concentrate dispatch continuing daily. To date, more than 10,500 dry metric tonnes of concentrate have been delivered to the local smelter, and first blister copper ingots have been received… Read full article Read Also; Takraf South Africa… Read More Here

  DRC & Zambian top mining news Our top stories this week     AVZ Minerals has has received firm commitments for a placement to raise $40 million for Manono in DRC…   AVZ Minerals is pleased to announce it has received firm commitments for a placement to raise $40 million (before costs) from sophisticated, professional and institutional investors to accelerate the advancement of the Tier 1 Manono Lithium and Tin Project (“Manono Project”) in the Democratic Republic of the Congo (“DRC”). The capital raising was… Read full article    … Read More Here

  DRC & Zambian top mining news Our most read stories this week Glencore to commission operations at Mutanda Mining (MUMI) mine by the end of 2021… Glencore is pleased to confirm the commissioning of operations at the Mutanda Mining (MUMI) mine by the end of 2021, in order to allow the return to production for the year 2022. MUMI as well as KCC play a role  important in global energy and mobility transitions, thanks to the high-quality copper and cobalt produced by both operations.  A critical component of the… Read More Here

       DRC & Zambian top mining news Our top stories this week   Demand for cobalt is a bubble that will burst as new battery technology reduces the need for the metal…   The demand for cobalt is a bubble that will burst as new battery technology reduces the need for the metal, according to the head of the chamber of mines in the Democratic Republic of Congo. Congo holds more than half the world’s cobalt reserves, but the market’s negative perception of the central African nation’s business… Read More Here

DRC & Zambian top mining news Our top stories this week     Kamoa Copper has signed off-take agreements…   Kamoa Copper has signed off-take agreements with CITIC Metal (HK) Limited (CITIC Metal) and Gold Mountains (H.K.) International Mining Company Limited, a subsidiary of Zijin, for 50% each of the copper products from Kamoa-Kakula’s Phase 1 production. The off-take agreements are evergreen for the production volumes from Phase 1, including copper concentrate and blister copper resulting from process… Read full article Read Also; DR Congo Diamond Mining Giant Struggles to… Read More Here

DRC & Zambian top mining news Our top stories this week Kamoa signs a 10-year smelting contract with Lualaba Copper Smelter… On 31 May, 2021, Kamoa Copper signed a 10-year agreement with the Lualaba Copper Smelter (LCS), located outside the town of Kolwezi, for the processing of a portion of Kamoa’s copper concentrate production. Kamoa Copper delivered its first copper concentrates to the Lualaba smelter on 1 June. LCS is 60%-owned by China Nonferrous Metal Mining Group (CNMC) of Beijing, China. Yunnan Copper of… Read full article Read Also; Kamoa… Read More Here