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Category: Copper

FQM plans to start arbitration against Panama – ministry 1 International Copper News in Brief 

FQM plans to start arbitration against Panama – ministry

Constance
Canada’s First Quantum sent two notifications of intent to start an arbitration process against Panama, the Central American country’s trade ministry said Sunday November 26, amid protests demanding the miner’s contract to run a key mine be scrapped. Panama’s top court started deliberations to rule on several constitutional challenges to First Quantum’s contract on Friday and is expected to issue a ruling in the coming days. SOURCE:mining.com Read More Here
Panama copper miners attacked by protesters, union boss says 2 Copper International 

Panama copper miners attacked by protesters, union boss says

Constance
Protesters attacked workers leaving the Cobre Panama mine early Sunday in an incident that left about eight people injured, a union leader said. A group of protesters in a pickup truck threw stones at buses carrying staff from the First Quantum-operated mine, Michael Camacho, a leader of the Utramipa union, said by telephone. After one bus was forced to stop, the passengers fled as protesters detained the driver, Camacho said. He said he was unaware of the extent of the injuries suffered by workers. The union has called for protection… Read More Here
2022 Sees Dramatic Surge in DRC Exports Fueled by Mining and Hydrocarbons 3 Mining in DRC Cobalt Copper Economy 

2022 Sees Dramatic Surge in DRC Exports Fueled by Mining and Hydrocarbons

Constance
In 2022, Congo witnessed a substantial surge in exports, marking a notable 29.3% increase, primarily fueled by the external sales of mining and hydrocarbon products. According to the Central Bank of Congo’s 2022 Monetary Policy report, exports soared to $28.68 billion, surpassing imports totaling around $26.70 billion. Mining and hydrocarbon exports dominated the landscape, accounting for a staggering 99.4% of the total exports. This surge was largely attributed to the significant uptick in copper and cobalt export volumes, recording respective increases of 40.1% and 23.9%. These increases were propelled by… Read More Here
FQM adds positive Community legacy at former Bwana Mkubwa Mine FORMER BWANA   4 Mining in Zambia Copper Corporate social responsibility 

FQM adds positive Community legacy at former Bwana Mkubwa Mine FORMER BWANA  

Constance
First Quantum Minerals (FQM) has handed over 13 houses to resettled families in the latest phase of its industry-leading project to leave a positive legacy at its former Bwana Mkubwa mine in Ndola.The mining firm has also donated 10 hectares of land to the Zambian Aged People’s Association (ZAPA). This follows the donation of land to 338 of its employees, the Ex-Service League, the Lamba Royal Establishment, the community, and the government in July of this year.The mining firm believes that developing sustainable, long-term plans that go beyond the life… Read More Here
FQM suspends Copper production in Panama amid blockade 5 Copper International 

FQM suspends Copper production in Panama amid blockade

Constance
First Quantum Minerals Ltd. suspended production in Panama as a blockade of boats restricts key supplies to one of the world’s biggest and newest copper mines. “Cobre Panama is no longer operating at commercial levels of production,” the Canadian company said in a text message, confirming union comments earlier Thursday. First Quantum had begun slowing operations at its flagship mine last week amid intensifying protests over the operating contract. The demonstrations include a blockade by small boats at a port used to deliver supplies like coal to a mine responsible… Read More Here
CMOC Group Faces Hurdles in DRC Cobalt and Copper Expansion Amid Electricity Woes 6 Mining in DRC Cobalt Copper Electricity 

CMOC Group Faces Hurdles in DRC Cobalt and Copper Expansion Amid Electricity Woes

Constance
Chinese mining giant CMOC Group foresees challenges in the expansion of its cobalt and copper production in the Democratic Republic of Congo (DRC) due to ongoing electricity supply issues in the region. The DRC, a leading global supplier of cobalt and a prominent copper producer, faces persistent power shortages and logistical hurdles in exporting metals via ports in South Africa, Tanzania, and Namibia. CMOC’s Tenke Fungurume mine was among those affected by recent disruptions caused by a wildcat strike among truckers, leading to stranded copper and cobalt shipments. While the… Read More Here
MMG Limited Expands its Portfolio with Acquisition of Khoemacau Copper Mine in Botswana 7 Copper International Mergers & Acquisitions 

MMG Limited Expands its Portfolio with Acquisition of Khoemacau Copper Mine in Botswana

Constance
MMG Limited (HK.1208) has unveiled a pivotal move in the mining industry by finalizing a Share Purchase Agreement (SPA) to acquire the parent company of the esteemed Khoemacau Copper Mine in Botswana. This strategic acquisition comes with an effective Enterprise Value of US$ 1,875 million and marks a significant milestone in MMG’s pursuit of establishing a robust portfolio comprising top-tier mines catering to the needs of a decarbonized world. Khoemacau stands out as one of the premier new copper mines on a global scale, renowned for its exceptional quality. The… Read More Here
Ivanhoe announces the discovery of 21 million tonnes of mineral resources with a grade of 3.56% copper in Makoko and Kiala 8 New Mining Projects Copper Mining in DRC 

Ivanhoe announces the discovery of 21 million tonnes of mineral resources with a grade of 3.56% copper in Makoko and Kiala

arnbethnic
Ivanhoe Mines Co-Executive Chairman Robert Friedland and President Marna Cloete announced on Monday, November 13, that the first independent mineral resource estimates for the high-grade Makoko and Kiala deposits within the Western Foreland exploration project by Ivanhoe. A press release from this Canadian company, operating in the province of Lualaba, reports the discovery. Makoko and Kiala are two distinct discoveries adjacent to the Kamoa-Kakula copper complex, continuing Ivanhoe’s distinguished track record of first-time discoveries in this uniquely rich geological terrain. Both deposits are within the 2,407 square kilometer Western Foreland… Read More Here
FQM Reaches Salary Agreements with Union Amid Mine Access Protests 9 International Copper 

FQM Reaches Salary Agreements with Union Amid Mine Access Protests

Constance
The union for Canadian miner First Quantum’s unit in Panama said on Thursday that it reached an agreement with the company to guarantee salaries as protests and blockades against the miner prevent them from working. Protests have raged for weeks against First Quantum’s contract for a $10 billion copper mine, with some protests blocking access to the mine. The blockades “put at risk the daily bread of some 7,000 workers who are also Panamanians who have not been able to return to our posts to make a living in a… Read More Here
Resolution Reached in DRC Truckers' Strike Affecting Copper and Cobalt Exports 10 Mining in Zambia Cobalt Copper Mining in DRC Transport and Logistics 

Resolution Reached in DRC Truckers’ Strike Affecting Copper and Cobalt Exports

Constance
A recent truckers’ strike in the Democratic Republic of Congo, which disrupted copper and cobalt exports, has been successfully resolved, according to sources familiar with the situation. The strike, initiated by drivers in Kolwezi at the end of October, primarily centered around demands for increased danger pay for transporting green-energy metals. This standoff posed a threat to major mining companies such as Glencore Plc, CMOC Group Ltd., and Ivanhoe Mines Ltd., all of which operate significant mines in the region. As the world’s leading cobalt producer and a major copper… Read More Here

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