Copper - Copperbelt Katanga Mining

Tenke Fungurume Reports Strong Third-Quarter Production and Significant Contributions to the DRC 1

In the third quarter of 2023, Tenke Fungurume Mining (TFM) achieved notable milestones, producing approximately 69,755 tonnes of copper cathodes and 5,686 tonnes of cobalt metal in the form of cobalt hydroxide. The company’s tax and related payments to the National Treasury and other public administrative services of the Democratic Republic of Congo amounted to approximately USD 361.57 million during the same period. TFM’s new crushing facilities demonstrated excellent performance, boasting an average capacity of 34,696 tonnes per day in the third quarter. The company also emphasized its commitment to… Read More Here

Mining in DRC Cobalt Copper

Truckers Strike in DRC Strands Copper and Cobalt Supplies

November 8, 2023November 8, 2023 Constance

A truckers strike in Kolwezi, Democratic Republic of Congo (DRC), has left copper and cobalt produced by companies such as Glencore and CMOC stranded, impacting global supplies of these crucial materials. As the strike enters its third week, around 2,700 trucks carrying approximately 89,000 metric tons of copper are immobilized in Kolwezi. Copper is essential for power generation and construction, while cobalt is a key component in rechargeable batteries used in electric vehicles, making both materials vital for the ongoing energy transition. A Reuters survey in November revealed expectations of… Read More Here

Mining in Zambia Copper Corporate News

Vedanta Restores Ownership of Konkola Copper Mines in Zambia

November 7, 2023November 7, 2023 Constance

In a significant development, Vedanta Resources and the Zambian government have put an end to a long-standing ownership dispute by reaching an agreement that restores Vedanta’s ownership of Konkola Copper Mines (KCM). This agreement brings closure to a protracted battle that had a negative impact on investments in the region. Zambia’s Mines Minister, Paul Kabuswe, presided over the signing of the agreement between the state-owned firm ZCCM-IH and Chris Griffith, Vedanta’s Head of Base Metals, in Lusaka. The formal handover of the copper assets, which the state had seized in… Read More Here

Mining in Zambia Copper Events & Expos Exploration

Zambia’s Minister of Mines Highlights Commitment to Sustainable Exploration & Mining

November 6, 2023November 6, 2023 Constance

Zambia, like many countries, is navigating the transition towards a more sustainable and environmentally conscious future. In this context, the demand for critical minerals is anticipated to increase. To address this forthcoming shift, the Zambian government has undertaken a series of policy adaptations aimed at fostering a sustainable mining industry. This commitment was delivered in a speech by Gerald Mwila, representing Hon. Paul C. Kabuswe, Minister of Mines and Mineral Resources, during the 16th Annual Explorer’s Forum. The forum was held under the theme “Improving Exploration to Develop Sustainable Mining… Read More Here

Mining in DRC Artisanal mining Copper Diamond Gold

CAMI Director General Meets with Mines Minister to Discuss North Ubangi Artisanal Mining Zones

November 6, 2023November 6, 2023 Constance

The Director General of the mining cadastre (CAMI) Popol Mabolia Yenga, was received on Wednesday, November 1 by the Minister of Mines Antoinette Nsamba Kalambayi. The exchanges between these two personalities revolved around the issue of creating artisanal mining zones in the North Ubangi province. After intense lobbying by the new Director General of CAMI, it appears that the head of Mines has signed 8 ministerial decrees which, according to the communications unit, aim at the formal organization of the mining sector in this jurisdiction. One problem among many others… Read More Here

Mining in DRC Cobalt Copper

DRC’s Glencore Reports Impressive 18% Surge in Copper Production for Q4 2022

November 6, 2023November 6, 2023 Constance

Glencore, one of the world’s leading copper producers, announced that it would produce 220,000 tonnes of copper in 2022. Present in the three largest producing countries of the red metal, namely Chile, Peru and the DRC, the Swiss raw materials giant Glencore communicated its 2022 statistics in an activity report published on October 30, 2023. The report indicates that during the period under review, Glencore’s Congolese mines delivered 68,900 tonnes of copper, up 18% from the second quarter. This performance, the best since the start of the year, brings its… Read More Here

Copper Mining in Zambia

Jubilee Metals Group Reports Strong Q1 FY2024 Operational Performance

November 4, 2023November 4, 2023 Constance

Jubilee Metals Group PLC, a leading metals processing company with operations in Africa, has released its Q1 FY2024 operational report, showcasing robust performance and a positive outlook for the year. Operational Highlights: Chrome concentrate production in Q1 FY2024 reached 336,683 tonnes, with expectations of further growth due to additional processing capacity.Inyoni’s PGM production increased to 10,113oz, with the potential for further growth.Copper cathode and copper in concentrate production was 934 tonnes, although a project upgrade may cause disruption until December 2023.Improved safety with reduced Lost Time Frequency Injury Rates (LTFIR)… Read More Here

International Copper

Panama to hold referendum on FQM contract, halts new projects

October 30, 2023October 30, 2023 Constance

Panama will hold a referendum in December to decide the fate of Canada’s First Quantum Minerals (TSX: FM) Cobre Panama copper mine, and has also announced a halt on new mining projects as the government tries to calm mass unrest triggered by the deal. After 10 months of negotiations between the parties, the Panamanian Congress approved on October 20 a revised operating contract for First Quantum’s flagship copper mine. The decision, which ended years of legal uncertainty and allows the company to operate for the next 20 years, was signed… Read More Here

International Copper

Panamanian protesters break into international port used by FQM

October 30, 2023October 30, 2023 Constance

On the sixth day of protests against the recent approval of the mining concession for the Cobre Panamá copper mine, activists broke into the Punta Rincón International Port, in the northern Colón province, which is used by Minera Panamá to ship copper abroad. The protesters arrived on a speedboat chanting slogans against the mine but were later escorted out by a patrol from the National Aeronaval Service. Right after the incident, which took place on Saturday, the subsidiary of Canada’s First Quantum Minerals (TSX: FM) issued a media statement deeming… Read More Here

Mining in Zambia Battery Metals Copper Mining in DRC

Standard Bank’s Strategic Investment Focus on the DRC and Zambia

October 30, 2023October 30, 2023 Constance

Standard Bank, a prominent South African financial institution, is setting its sights on the Democratic Republic of Congo (DRC) as a significant investment destination due to the country’s ownership of critical minerals for the energy transition, according to reports by News24. Kenny Fihla, the CEO of Standard Bank’s corporate and investment banking (CIB) unit, emphasized that their interest goes beyond renewable energy projects. It extends to the sources of minerals essential for driving the global energy transition. Fihla noted, “It’s not just about renewable energy projects; it’s about where the… Read More Here