You are here

Category: Copper

ZCCM-IH Secures US$1.1 billion Strategic Partnership with IRH for Mopani Copper Mines Plc 1 Mining in Zambia Copper 

ZCCM-IH Secures US$1.1 billion Strategic Partnership with IRH for Mopani Copper Mines Plc

Constance
ZCCM Investments Holdings Plc (ZCCM-IH) has sealed a significant pact with International Resources Holding RSC Limited (IRH) for a strategic collaboration involving Mopani Copper Mines Plc (MCM). The agreement, involving a total investment commitment of US$1.1 billion by IRH, marks a transformative phase in the relationship between Glencore International AG (Glencore) and MCM, subject to specific conditions. Key Highlights: 1.Investment Structure: .IRH pledges US$620 million as new equity, securing a controlling 51% stake in MCM. These funds will propel MCM’s capital projects and enhance its working capital. .An additional approximately… Read More Here
Codelco reaches contract agreements with 3 unions 2 International Copper 

Codelco reaches contract agreements with 3 unions

Constance
Chilean miner Codelco, the world’s No. 1 copper producer, said on Monday it reached contract agreements with three unions, putting off the risk of a strike at the state-run giant. Codelco reached an early agreement with two unions at its Ventanas division, a copper refinery in the town of Ventanas about an hour from Valparaiso, the miner said in a statement. The 36-month contract offers were accepted by more than 70% of those who voted. In Santiago, the supervisors’ union, which had been in a formal negotiation period with the… Read More Here
Panama starts process for First Quantum’s mine ‘definitive’ closure 3 International Copper 

Panama starts process for First Quantum’s mine ‘definitive’ closure

Constance
Panama has started the process for Canadian miner First Quantum’s Cobre Panama mine’s “definitive” closure, a government statement said on Friday, following the official notification for the miner to end operations. The roadmap for the mine’s closure will be presented to the country in the coming days, Panama’s trade ministry said in a statement. The company did not immediately reply to a request for comment on the mine closure. Panama’s government earlier this month ordered First Quantum to end mining operations at its lucrative copper mine, following a court ruling… Read More Here
FQM’S KANSANSHI SPENDS OVER 5 MILLION KWACHA ON SIX SOLWEZI CO-OPERATIVES 4 Mining in Zambia Copper Corporate social responsibility Press Release 

FQM’S KANSANSHI SPENDS OVER 5 MILLION KWACHA ON SIX SOLWEZI CO-OPERATIVES

Constance
Kansanshi Mining PLC has handed over two-million kwacha (K 2,000,000=00) to six co-operatives in Solwezi District, North Western Province as part of the mines support to small and medium enterprises aimed at uplifting the living standards of the people. Early this year, Kansanshi mine launched an initiative, ‘Tujipamo Community project’ as a pilot programme to support six co-operatives with finances to invest in different business activities, with the resources distributed quarterly. Kansanshi Mining Plc Contracts Manager, Pamela Chola said the mine had signed a Memorandum of Understanding to provide funds… Read More Here
Billionaire Mining Magnate Friedland Says $15,000-a-Ton Copper Needed to Spur New Mines 5 International Copper Mining Personality 

Billionaire Mining Magnate Friedland Says $15,000-a-Ton Copper Needed to Spur New Mines

Constance
Copper prices need to nearly double in order to prompt mining companies to build costly mines to meet rising demand for critical materials, according to billionaire Robert Friedland. The mining magnate said that forecasts of copper prices reaching $9,000 a metric ton next year isn’t enough to stimulate the industry to take on risks of building huge, capital intensive mines, especially in Latin America. “We probably need about $15,000 a ton, stable for a long period of time, before the industry can really gear up and build those giant mines,” Ivanhoe… Read More Here
Mining Giant Anglo American to Cut Copper and Iron Ore Production 6 International Copper Iron Ore 

Mining Giant Anglo American to Cut Copper and Iron Ore Production

Constance
Anglo American plans to reduce iron ore and copper output in the near term to lower costs, one of the world’s top mining companies said last week as it fights to boost its share price that has slumped by over 30% this year. After the production, capex, and costs guidance on Friday last week, shares of Anglo American – which produces copper, nickel, platinum group metals, and diamonds, among others – slumped by 6.5% on the London Stock Exchange in the early morning.Year to date, Anglo American’s stock has lost… Read More Here
FQM’S KANSANSHI MINE SETS NEW ENVIRONMENTAL MILESTONES WITH GREEN INITIATIVES  7 Mining in Zambia Copper Environment Social Governance (ESG) Press Release 

FQM’S KANSANSHI MINE SETS NEW ENVIRONMENTAL MILESTONES WITH GREEN INITIATIVES 

Constance
Plastic waste pollution has emerged as a pressing global issue, one that affects our environment, wildlife, and human health. The production and consumption of plastics have skyrocketed over the past few decades. And while plastic has undoubtedly revolutionised industries and made everyday life more convenient, its disposable nature has led to a crisis. However, transitioning to more sustainable practices, such as recycling and adopting alternative materials, can lead to cost savings and new economic opportunities, not just for the country but also for companies that consume plastics on a daily… Read More Here
FQM requests end of blockades to Cobre Panamá Copper mine 8 Copper International 

FQM requests end of blockades to Cobre Panamá Copper mine

Constance
First Quantum Minerals’ (TSX: FM) subsidiary issued a media statement this weekend requesting proper access to the Cobre Panamá copper mine to maintain the environmental stability of the site located to the north of the Central American country, 20 kilometres from the Caribbean Sea. In the brief, Minera Panamá notes that, following an order by Panama’s Trade and Industry Ministry (MICI) to end operations, work at Cobre Panamá has ceased but the mine remains under care and maintenance. However, ongoing blockades of the access roads to both the mine and… Read More Here
Ivanhoe Mines Announces C$500 Million Private Placement 9 Mining in DRC Copper 

Ivanhoe Mines Announces C$500 Million Private Placement

Constance
Ivanhoe Mines Ltd. announced yesterday December 12 that it has engaged BMO Capital Markets as sole agent in connection with a proposed offering of 41,667,000 Class A common shares (the “Common Shares”), on a private placement basis (the “Offering”) at a price of C$12.00 per Common Share (the “Offering Price”) for aggregate gross proceeds of C$500 million (approximately US$370 million). The Company expects to grant BMO Capital Markets an option, exercisable at the Offering Price up until 48 hours prior to the closing of the Offering, to place up to… Read More Here
Jubilee Metals Ventures into High-Yield Copper Recovery in Zambia 10 Copper Mining in Zambia 

Jubilee Metals Ventures into High-Yield Copper Recovery in Zambia

Constance
Jubilee Metals Group PLC has solidified a groundbreaking collaboration to extract copper from a sizable waste rock reserve in Zambia. The venture aims to yield over 20,000 tonnes annually, utilizing innovative modular copper units for extraction. With a commitment to processing copper at less than US$4,000 per tonne, Jubilee targets a substantial source in Zambia, where years of copper mining have amassed substantial waste rock reserves. Scheduled to commence construction in the first quarter of 2024, the eco-friendly processing units are poised to be operational within a swift 12-month period… Read More Here

You have successfully subscribed to the newsletter

There was an error while trying to send your request. Please try again.

Copperbelt Katanga Mining will use the information you provide on this form to be in touch with you and to provide updates and marketing.