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Category: Copper

Copper Stockpile at Panama’s Closed Cobre Mine Deemed Safe for Now 1 International Copper 

Copper Stockpile at Panama’s Closed Cobre Mine Deemed Safe for Now

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Over 100,000 metric tons of copper concentrate remain stored at First Quantum Minerals’ Cobre Panama mine, which has been closed since November following a Panamanian Supreme Court ruling that invalidated the company’s contract. Panamanian President Jose Raul Mulino assured on Thursday that the stockpile currently poses no environmental risk. Cobre Panama, a major global source of copper, was shut down after environmental protests led to the court’s decision. Since then, global commodity markets have closely monitored Panama’s stance on the fate of the 130,000 tons of copper concentrate left behind.… Read More Here
Mercuria Partners with Zambia in Metals Trading to Bolster Copper Access 2 Mining in Zambia Copper Corporate News 

Mercuria Partners with Zambia in Metals Trading to Bolster Copper Access

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Mercuria Energy Group has entered into a metals trading partnership with Zambia, marking another instance of a major commodity trader collaborating with a resource-rich nation to secure critical materials. The Geneva-based company announced its alliance with Zambia’s Industrial Development Corporation (IDC) on Thursday. This move aligns with Mercuria’s strategy to expand its metals trading operations, spearheaded by Kostas Bintas, a former Trafigura Group executive. The initiative reflects the growing interest among trading houses to secure access to minerals essential for the global energy transition. For Mercuria, increasing exposure to copper… Read More Here
Peru’s Copper Output Stagnates for a Third Consecutive Year 3 Copper International 

Peru’s Copper Output Stagnates for a Third Consecutive Year

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Peruvian copper production is projected to remain flat in 2025, marking the third consecutive year of stagnant output, according to industry analysts and the country’s leading mining association, SNMPE. Challenges such as declining ore grades and a lack of new mining projects continue to cap production, even as global demand for copper surges. Peru, the world’s third-largest copper producer, was overtaken by the Democratic Republic of Congo (DRC) in 2023 for the second spot behind Chile. The decline in ore quality after years of extraction is straining miners’ ability to… Read More Here
China Non-Ferrous Invests $100 Million in Zambia’s Shaft 28 Mine 4 Mining in Zambia Copper Economy 

China Non-Ferrous Invests $100 Million in Zambia’s Shaft 28 Mine

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China Non-Ferrous Metal Company has emphasized its commitment to creating opportunities for the local community through its operations. Robert Kamanga, Deputy Chief Executive Officer of Shaft 28 Technical, announced significant progress in the mine’s dewatering process, supported by a $100 million investment. This development was highlighted during a visit to the mine in Luanshya by Water Development and Sanitation Minister, Collins Nzovu. Minister Nzovu noted that the dewatering process will not only help regulate the water levels of the Kafue River but will also benefit small-scale farmers by providing irrigation… Read More Here
Mopani Copper Mine Smelter to Shutdown for Maintenance Until February 2025 5 Mining in Zambia Copper Mine Safety News in Brief 

Mopani Copper Mine Smelter to Shutdown for Maintenance Until February 2025

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The smelter at Mopani Copper Mine in Mufulira will remain out of operation until the end of February 2025 due to a breakdown of the Oxygen Plant at the facility. Mopani Copper Mines Chief Executive Officer, Charles Sakanya, confirmed that the smelter will be temporarily shut down to allow for necessary maintenance work. Sakanya assured that the mine will maintain communication with all stakeholders throughout the refurbishment process. The announcement was made in a statement issued by Mopani Public Relations Manager, Nebert Mulenga. SOURCE:znbc.co.zm Read More Here
KCM to Invest $700 Million in Boosting Copper Production 6 Mining in Zambia Copper Economy 

KCM to Invest $700 Million in Boosting Copper Production

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Konkola Copper Mines (KCM) has announced a $700 million investment over the next five years to unlock the full potential of its operations in Chililabombwe, Zambia. KCM Chief Operating Officer Malcolm Mewett revealed that this investment constitutes a significant portion of the $1 billion pledged by Vedanta Resources Limited for KCM’s growth. He emphasized that the funds will primarily focus on underground developments at the Konkola Mine, enabling the extraction of vast copper reserves and significantly increasing production. “This investment will help the mine achieve its target of producing 300,000… Read More Here
DRC Govt Takes Charge of Kamoa Mining Product Sales 7 Mining in DRC Cobalt Copper Economy 

DRC Govt Takes Charge of Kamoa Mining Product Sales

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The Government of the Democratic Republic of Congo (DRC) has announced its direct involvement in the sale of mining products from Kamoa, a company in which the State holds a 20% stake. This move aims to better secure national economic interests within the crucial mining sector. Kamoa’s turnover is projected to reach $3 billion, and as part of this new strategy, the Government, through the Minister of the Portfolio, will oversee the pricing and sale of mining products. Minister Jean-Lucien Bussa made this announcement during the Estates General of the… Read More Here
Arbitration Proceedings Over Cobre Panama Mine Escalate as Investors Await Panama’s Decision 8 International Copper 

Arbitration Proceedings Over Cobre Panama Mine Escalate as Investors Await Panama’s Decision

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Arbitration proceedings between Canadian miner Franco-Nevada and the government of Panama over the Cobre Panama copper mine entered a new phase this week with the formation of a tribunal to hear the case, according to legal filings. Investors are awaiting a crucial decision from Panama’s President, Jose Raul Mulino, regarding the future of the Cobre Panama mine, which was shut down last year due to public unrest. Cobre Panama is the flagship operation of Canadian miner First Quantum Minerals, which is also seeking damages from Panama. Franco-Nevada, which had a… Read More Here
Codelco and Enami Explore Collaboration on Copper Smelting Expansion 9 International Copper 

Codelco and Enami Explore Collaboration on Copper Smelting Expansion

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Chile’s state-owned copper giants, Codelco and Enami, are in early discussions to consolidate their efforts to expand smelting capacity into a single project, according to sources familiar with the matter. A newly formed working group is exploring options for cooperation between two initiatives: Enami’s project to revamp its closed Hernan Videla Lira smelter and Codelco’s proposal to build a new smelting facility. The collaboration could range from aligning their projects to meet national processing needs to merging the two into a single venture. Strengthening Chile’s smelting capacity is a key… Read More Here
Zambia Seeks EU Support to Strengthen Mining and Economic Development 10 Mining in Zambia Copper Economy 

Zambia Seeks EU Support to Strengthen Mining and Economic Development

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Zambia’s Minister of Mines and Mineral Development, Hon. Paul Kabuswe, has called on the European Union (EU) to bolster its support for Zambia’s mining sector and overall economic growth. The Minister made the appeal during a bilateral meeting with EU International Partnership Commissioner Jozef Sikela in Brussels. Hon. Kabuswe emphasized Zambia’s political stability, adherence to the rule of law, and peaceful environment as key factors in attracting European investors. He highlighted the mining sector’s impressive $10 billion investment growth over the past three years and acknowledged the EU’s valuable contributions… Read More Here

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