Copper - Copperbelt Katanga Mining

Jubilee Metals announces award of a significant New Slag Project with Mopani Copper Mines 1

Jubilee Metals Group PLC (AIM: JLP/Altx: JBL), a diversified metals processing business with operations in Africa, is pleased to announce the award of the large Mufulira Slag Project through a Joint Venture (“JV”) collaboration with Mopani Copper Mines (“MCM”) (“The Slag Project”). This binding and exclusive award of The Slag Project aims to process approximately 13 million tonnes of historical slag, estimated to contain 0.7% copper and 0.27% cobalt in addition to the current slag arisings. Under the targeted JV, Jubilee is exclusively appointed to design, implement and operate the new… Read More Here

International Copper

China’s top copper buyers expect a 36% cut in Codelco premium

October 11, 2023October 11, 2023 Constance

China’s largest copper buyers expect to pay a premium of around $90 per metric ton next year for Codelco’s metal, 36% below what they are paying this year, four sources with direct knowledge of the matter said. Premiums set for physical delivery of copper are paid on top of the reference London Metal Exchange (LME) contract and are sometimes used as a benchmark for global contracts. Codelco Chairman Maximo Pacheco told Reuters last week that China remained an important market for the Chilean miner, accounting for 40%-45% of Codelco’s sales… Read More Here

Copper International

Panama cabinet approves modified contract with FQM

October 11, 2023October 11, 2023 Constance

Panama’s cabinet on Tuesday approved a modified version of the government’s contract with a local subsidiary of Canadian miner First Quantum, after extended talks over regulations concerning the open-pit copper mine the firm operates. A government statement said the modifications include stipulations that the subsidiary, Minera Panama, can only explore, extract and exploit copper and its derivatives in the concession area in the Donoso and Omar Torrijos districsts. It removed a clause saying the state would consider granting exploring rights for gold, silver and molybdenum, as well as a clause… Read More Here

Mining in Zambia Battery Metals Copper

Zambia to Finalize Mopani Copper Mines Sale Amid Complex Negotiations

October 11, 2023October 11, 2023 Constance

The Zambian government is poised to make a decisive choice this month regarding the sale of Mopani Copper Mines, securing new investors for the assets acquired from Glencore in 2021, according to an insider familiar with the situation. The country’s Mines Minister, Paul Kabuswe, had initially set a target of selecting new investors for the struggling copper mines by the end of July. However, complex negotiations have caused delays in the process. It also involves Glencore, to which Mopani owes money. ZCCM IH, a Zambian government unit, is being advised… Read More Here

Mining in DRC Battery Metals Cobalt Copper Sponsored Content

ERG Africa’s Metalkol Attains ISO 9001:2015 Certification for Copper and Cobalt Hydroxide Production

October 11, 2023October 11, 2023 Constance

The certification further cements Metalkol’s position as a world-class supplier of copper and cobalt to support the green energy transition. ISO 9001 is globally recognised as the most comprehensive quality management system (QMS), and Metalkol’s ISO 9001:2015 certification is based on evaluation against global industry excellence standards set out by the International Organisation for Standardisation (ISO). Metalkol’s newly awarded ISO 9001:2015 certification encompasses various processes of its copper cathode and cobalt hydroxide production, including copper solvent extraction, copper tank-house operations and packaging, as well as its cobalt hydroxide purification, precipitation,… Read More Here

Mining in DRC Cobalt Copper

China’s Germanium Dominance Challenged by New DRC Plant

October 9, 2023October 9, 2023 Constance

A newly built plant in Democratic Republic of Congo aims to produce 30% of the world’s germanium, according to its owner, potentially easing China’s dominance of the metal used in electronics and solar cells. China produces about 60% of germanium, according to Critical Raw Materials Alliance. The Asian nation restricted exports of the metal in August amid an escalation of a tit-for-tat trade war on technology with the US and Europe. The hydrometallurgical facility in the country’s southeast was inaugurated on Wednesday by Congo’s President Felix Tshisekedi. The plant will… Read More Here

Mining in DRC Battery Metals Copper

Critical Metals Secures Offtake Deal for 20,000 Tons of Copper Oxide Ore in DRC

October 9, 2023October 9, 2023 Constance

Critical Metals has recently finalized an offtake agreement with OM Metal & Resources. This agreement paves the way for the sale of a minimum of 20,000 tons of copper oxide ore originating from its flagship project, the Molulu copper/cobalt venture, situated in the Democratic Republic of Congo (DRC). The agreement is valid from October 4 to December 31 and can be renewed upon mutual agreement by both parties. Throughout the contract duration, Critical Metals aims to supply OM with copper ore featuring an average minimum acid-soluble copper grade of 1.5%.… Read More Here

Mining in Zambia Coal Copper Mining in DRC

Exxaro Explores Copper Opportunities in Congo, Zambia, and Botswana

October 5, 2023October 5, 2023 Constance

Exxaro Resources, primarily a Johannesburg-based coal producer, is actively seeking opportunities to diversify its portfolio by entering the lucrative markets of copper and manganese in Africa’s resource-rich regions. CEO Nombasa Tsengwa has outlined the company’s interest in copper assets located in Botswana, Zambia, and the Democratic Republic of Congo (DRC), which happens to be the continent’s leading copper producer. Additionally, Exxaro is exploring manganese assets within its home country. Although Exxaro has not yet identified specific acquisition targets, Tsengwa acknowledges the rising premiums associated with copper assets. As a result,… Read More Here

Mining in Zambia Battery Metals Copper

Sibanye Stillwater Sees Opportunity in Mopani Copper Mines Investment

October 5, 2023October 5, 2023 Constance

Sibanye Stillwater, a contender among investors vying to acquire Mopani Copper Mines, has emphasized that the required funds for expanding production and ensuring profitable operation of the Zambian assets are not exorbitant. The South African precious metals producer, headquartered in Johannesburg, has secured a place on the shortlist of potential buyers for the copper mines owned by a Zambian government subsidiary. The future owner of Mopani is expected to make substantial investments aimed at increasing copper production to approximately 200,000 tons per year by 2027. According to Neal Froneman, CEO… Read More Here