Copper - Copperbelt Katanga Mining

Panama to withdraw proposed contract for Canadian miner FQM’s unit

October 4, 2023October 4, 2023 Constance

Panama’s government authorized on Tuesday September the withdrawal of a proposed contract to regulate operations of Canadian miner First Quantum’s local unit, Minera Panama, from Congress to make changes requested by lawmakers. President Laurentino Cortizo‘s administration and the Canadian miner had agreed on the text of the contract to operate the key Cobre Panama copper mine in March, but it was awaiting the assembly’s approval. “We hope to work together with the company Minera Panama to agree on the phrasing needed to resolve the points indicated by the congress’ trade committee,” the presidency said in a post on social… Read More Here

Mining in Zambia Copper Gold Partnership

Barrick Bolsters Zambia Partnership with Lumwana Mine Expansion Investment

October 4, 2023October 4, 2023 Constance

Barrick’s transformation of its Lumwana mine into a world-class producer will provide strong impetus for the government’s thrust to revive the country’s copper industry, president and chief executive Mark Bristow said on September 3rd after a meeting with Zambian President Hakainde Hichilema. Barrick is investing almost $2 billion in an expansion project designed to increase Lumwana’s annual production to an estimated 240,000 tonnes of copper from a 50 million tonne per annum process plant over a 36-year life of mine, elevating this once-unprofitable operation into the front rank of copper… Read More Here

Mining in Zambia Copper Mining Equipment

Kansanshi Copper Mine Unveils New Fleet of 220-Ton Hitachi Dump Trucks

October 1, 2023October 1, 2023 Constance

Progress has been the name of the game at Kansanshi copper mine this month, where the first in a fleet of 36 new trucks has just been put into commission. It’s a Hitachi EH4000 (RD170) dump truck, and these beasts mean business! Each truck has a payload capacity of 220 metric tonnes, meaning that it can carry up to around 50 African elephants or over 100 medium-sized cars in weight. Growing Kansanshi’s mining fleet is a crucial part of increasing copper production at the operation in Solwezi, and makes up… Read More Here

International Contracts & tenders Copper

Panama suspends debate for First Quantum’s new Mining Contract

September 29, 2023September 29, 2023 Constance

Panama’s National Assembly decided on Thursday September 28th, to suspend the debate for a new contract with Minera Panama, the local subsidiary of Canadian miner First Quantum, as lawmakers seek a government revision of the current proposal. The assembly’s trade commission decided to suspend discussions on the contract and recommended its withdrawal for a review. Earlier this month, some members of Panama’s congress visited First Quantum’s copper mine to resolve doubts over the contract expressed across the Central American country as it debates the new changes. The contract concerns First Quantum’s flagship… Read More Here

Copper Economy Mining in Zambia

China’s CNMC Announces $1.3 Billion Investment in Zambia Across Diverse Sectors

September 27, 2023September 27, 2023 Constance

China Non-Ferrous Metals Mining Group Company (CNMC) has unveiled plans to inject an additional $1.3 billion into Zambia over the next five years, spanning multiple economic sectors. CNMC Chairman, Xi Zheng Ping, detailed the allocation of these investments, emphasizing their commitment to Zambia’s growth. By the end of 2025, CNMC aims to have contributed $650 million to the country’s economy. The substantial investment portfolio includes a $400 million commitment to the Chambeshi copper mine project and $600 million earmarked for the reopening of the number 28 shafts at the Luanshya… Read More Here

Mining in Zambia Copper

FQM Enlists MESC for Kansanshi Copper Off-Gas Recovery Plant

September 26, 2023September 26, 2023 Constance

Global copper company First Quantum Minerals Ltd has contracted with MECS Inc, a subsidiary of Elessent Clean Technologies, for the Kansanshi Smelter Expansion at the Kansanshi Mine in Solwezi, Zambia. The MECS scope will include a redesign of the existing sulphur-burning sulphuric acid plant into a copper smelter off-gas recovery sulphuric acid plant. This transition to a copper smelter off-gas recovery acid plant will enable First Quantum to reduce emissions from the existing copper smelter, increase production at the mine, and supply more copper to the global market which will… Read More Here

International Copper

Panama union workers block highways over FQM contract

September 26, 2023September 26, 2023 Constance

Panama’s construction workers’ union blocked highways and marched on congress on Monday to demand that lawmakers reject a contract with Canadian miner First Quantum Minerals. Union leader Saul Mendez said the contract violates national sovereignty by granting the company control of land, air and maritime space and does not do enough to protect workers’ rights. The contract is under discussion in Panama’s legislative commerce committee, which has been holding informative meetings with affected communities over the past two weeks. The contract will require three votes in the legislative assembly before becoming law. President Laurentino Cortizo said over the… Read More Here

Mining in DRC Artisanal mining Battery Metals Cobalt Copper Mining in Zambia

DRC Partners with Buenassa for Pioneering Copper-Cobalt Plant

September 26, 2023September 26, 2023 Constance

The Democratic Republic of Congo (DR Congo) has embarked on a strategic initiative to formalize artisanal mining while contributing to the global shift towards electric vehicles. DR Congo is a major player in the green-energy transition, being a leading supplier of cobalt, a crucial element in electric vehicle batteries, and ranking among the world’s top copper producers. To bolster these efforts, DRC is throwing its support behind Buenassa, a domestically owned company, to establish a new copper-cobalt plant. This pioneering project is set to cost approximately $350 million, with Delphos… Read More Here

Mining technology Battery Metals Cobalt Copper Diamond Environment Social Governance (ESG) Equipment & Technology Gold International

4IR Technologies to Boost Competitiveness of Africa’s Mining Industry

September 26, 2023September 26, 2023 Constance

In addition to serving as an important aspect of the global energy transition, critical mineral resources represent a crucial source of revenue for many African nations. As a result, the continent is well-positioned to leverage and embrace Fourth Industrial Revolution (4IR) technologies – including artificial intelligence (AI), automation, data analytics and predictive modeling – to optimize production processes, enhance decision-making and render its mining sector more competitive globally. Set to define the future of mining, real-time data analytics provide additional insights into underlying mining systems and enable short interval control… Read More Here

Mining in Zambia Battery Metals Cobalt Copper Exploration

KoBold Metals Aims to Revolutionize Copper Mining in Zambia

September 25, 2023September 25, 2023 Constance

KoBold Metals, backed by a group of influential billionaires, including Bill Gates and Jeff Bezos, has unveiled ambitious plans to establish a copper-cobalt mine in Zambia within the next decade. The California-based company, which allocated $150 million to the Mingomba project earlier this year, intends to explore additional copper deposits at this site, hailed as the world’s highest-grade undeveloped copper resource. KoBold, boasting the world’s leading mining company, BHP, among its shareholders, anticipates completing further exploration at the property in the coming year. Mfikeyi Makayi, CEO of KoBold Metals, remarked,… Read More Here