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Category: Copper

SkyPower Global and ZESCO Sign Landmark 1000 MW Power Purchase Agreement in Zambia 1 Mining in Zambia Copper Electricity 

SkyPower Global and ZESCO Sign Landmark 1000 MW Power Purchase Agreement in Zambia

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SkyPower Global, a renowned leader in large-scale solar energy solutions, and Zambia Electricity Supply Corporation (ZESCO) have sealed a groundbreaking 1000 MW Power Purchase Agreement (PPA). This significant milestone is a cornerstone of Zambia’s Integrated Renewable Energy Plan, aimed at substantially boosting the nation’s renewable energy capacity to foster sustainable growth. Zambia’s President, Hakainde Hichilema, hailed the Green Giant Zambia project as a vital component of the country’s renewable energy strategy, especially amidst the current climate-induced drought. The initiative seeks to ramp up Zambia’s renewable capacity to meet present and… Read More Here
South Africa scrutinizes BHP bid for Anglo weeks before election 2 International Copper 

South Africa scrutinizes BHP bid for Anglo weeks before election

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South Africa’s government is scrutinizing BHP Group’s proposed deal to buy Anglo American, a spokesperson said, with the deal likely to concern officials the coming weeks before a general election where the governing party’s majority is at risk. The deal worth about $39 billion would involve Anglo exiting its platinum and iron ore assets in South Africa. It could trigger large capital outflows and further dent the country’s reputation as a destination for mining investment. Anglo’s potential exit would mark the end of an era for a company founded in… Read More Here
Chile president wants copper output boost of 1Mt by 2026 3 International Copper News in Brief 

Chile president wants copper output boost of 1Mt by 2026

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Chile President Gabriel Boric said on Thursday he is targeting an increase in the country’s annual copper output by 1 million metric tons by the end of his term in 2026. β€œWe have to take advantage of this super-cycle of copper that has been spoken of positively in recent days,” he said at an event, adding that he was referring to state-run miner Codelco as well as privately run operations in the country that is the world’s top copper producer. SOURCE:mining.com Read More Here
Anglo’s stumbles have made it prey for mining’s biggest predator 4 International Copper Mining Companies 

Anglo’s stumbles have made it prey for mining’s biggest predator

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When former boss Mark Cutifani left Anglo American in mid-April 2022, things had rarely looked better for the century-old miner. Metals prices soared as the world emerged from lockdowns, the company had recently posted its best-ever annual profit and the popular industry veteran was handing over to a trusted lieutenant. Anglo stock hit a record the same day. Two years later, the company’s reputation is in tatters after a series of missteps sent its value plunging by half. And now industry heavyweight BHP Group is moving in. BHP’s proposal to… Read More Here
Incident at Glencore's Copper Smelter Sparks Concerns from Australian Workers' Union 5 International Copper Mine Safety 

Incident at Glencore’s Copper Smelter Sparks Concerns from Australian Workers’ Union

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The Australian Workers’ Union (AWU) has raised serious concerns following an incident at Glencore’s copper smelter in Mount Isa, which left two workers critically injured. AWU Queensland secretary Stacey Schinnerl expressed deep concern over the incident, stating, β€œTough questions need to be asked about how an incident like this has occurred.” According to reports, the contract workers were at the Mount Isa Mines copper smelter when a steam vent opened adjacent to their work area. The incident occurred on Thursday and resulted in severe injuries to the workers. ABC News… Read More Here
Anglo American Rejects BHP's Unsolicited Proposal 6 International Copper 

Anglo American Rejects BHP’s Unsolicited Proposal

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Anglo American plc has officially rejected the unsolicited, non-binding, and highly conditional combination proposal from BHP Group Limited, following careful consideration by its Board. The Proposal involved an all-share offer for Anglo American by BHP, contingent upon Anglo American completing two separate demergers of its entire shareholdings in Anglo American Platinum Limited and Kumba Iron Ore Limited to Anglo American shareholders. These transactions were inter-conditional. After thorough evaluation with its advisers, the Board concluded that the Proposal significantly undervalues Anglo American and its future prospects. Additionally, the proposed structure was… Read More Here
Copper’s new cycle: from women to the world 7 Uncategorized Copper Environment Social Governance (ESG) Mining in Zambia 

Copper’s new cycle: from women to the world

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A Kansanshi-supported value addition initiative has blossomed into a jewellery studio that’s building women’s careersIt’s 7am and 13 young women are seated around a table in the centre of Nsanshi Art’s spacious workshop, sunlight streaming through the wide windows. Clamps and jeweller’s saws and torches lie on workstations around them, waiting for the work day to start, when they will turn scraps of discarded copper into custom-made jewellery and other value-added products. These women are the latest students in Nsanshi Art’s two-year training programme, during which they will learn a set… Read More Here
FQM cuts debt by over $1bn in first quarter 8 International Copper 

FQM cuts debt by over $1bn in first quarter

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Canadian miner First Quantum Minerals said on Tuesday that it has cut its debt by $1.14 billion in the first quarter. The company in February had announced a series of capital restructuring measures that would strengthen its balance sheet and cut debt, a move that will help the Canadian miner deliver on its β€œoperational objectives.” The company’s total debt as of March 31 stands at $5.99 billion, down from its previous debt of $7.38 billion. The copper miner reported a net loss attributable to shareholders of the company at $159… Read More Here
FQM says probability of taking out copper from Panama mine only after election 9 International Copper News in Brief 

FQM says probability of taking out copper from Panama mine only after election

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Canadian miner First Quantum Minerals said on Wednesday the likelihood of taking out the 121,000 tonnes of copper from its disputed Cobre Panama mine can only happen after the Panama national election. First Quantum’s Cobre Panama is under preservation and safe maintenance after the current Panama government ordered the closure of the copper mine last year. Panama goes to polls in May this year. SOURCE:mining.com Read More Here
ZCCM-IH Clarifies Misleading Claims Regarding Royalty Transactions with Kansanshi Mine 10 Mining in Zambia Copper Press Release 

ZCCM-IH Clarifies Misleading Claims Regarding Royalty Transactions with Kansanshi Mine

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ZCCM Investments Holdings Plc (ZCCM-IH) has issued a statement to address recent misinformation circulating on social media platforms concerning its royalty transactions with Kansanshi Mine. The company unequivocally refutes the claims made in the video/audio content, asserting that they are misleading, inaccurate, and lacking factual basis. First and foremost, ZCCM-IH emphasizes that it is not a shareholder in First Quantum Minerals (FQM) Group. Instead, the company holds an interest in Kansanshi Mine, where FQM is the majority shareholder. It is crucial to understand that the figures presented in the misleading… Read More Here

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