Copper - Copperbelt Katanga Mining

South32 Deems Botswana Copper Mine Bidding “Rich”

August 25, 2023August 25, 2023 Constance

Australian diversified miner South32 said while it has plenty of regional expertise, the sales process for Botswana’s Khoemacau copper mine was quite competitive. “It’s a competitive process, a bit rich for our blood to be honest,” CEO Graham Kerr told an earnings call on Thursday August 24th. The miner had picked investment bank RBC Capital to help it put together a bid for Botswana’s Khoemacau copper mine, a source told Reuters in June. SOURCE:mining.com Read More Here

DRC Aims to Regain Control with Bid for ERG’s Copper and Cobalt Assets

August 25, 2023August 25, 2023 Constance

The Democratic Republic of Congo (DRC) wants to buy back some of the country’s prized copper and cobalt deposits, as the government tries to gain more control of crucial green metals. The assets are some of those owned by Eurasian Resources Group, a Kazakh-backed miner and major cobalt producer with dozens of DRC mining and exploration permits. The government and state-owned miner Gecamines say ERG has been too slow to develop them — and Gecamines in June told ERG it wants to take some over, according to a July letter seen by Bloomberg that was sent… Read More Here

Mining in Zambia Copper

Vedanta Commits to Clear $250 Million Debt on Reacquiring Zambia’s Copper Mines

August 25, 2023August 25, 2023 Constance

Vedanta Resources Ltd. has committed to paying off the outstanding debt of $250 million to its suppliers in Zambia, as soon as it regains control over the copper mines that were confiscated by the Zambian government over four years ago. In 2019, during the tenure of former President Edgar Lungu, the Konkola Copper Mines were placed under provisional liquidation due to allegations against Anil Agarwal’s Vedanta. The accusations included misrepresentation of expansion plans and insufficient tax payments. This move initiated a sequence of legal battles, culminating in the current President… Read More Here

Mining in DRC Battery Metals Cobalt Copper Mining in Zambia Partnership

Insights from U.S.-DRC-Zambia EV Battery Deal on New U.S. Africa Approach

August 25, 2023August 25, 2023 Constance

The U.S.-DRC-Zambia memorandum of understanding demonstrates how the United States aims to counter China and bolster its clean energy supply chains by deepening ties with African nations. Yet how distinct is the U.S. approach from the Chinese approach to such deals? In December 2022, at a sideline event during the U.S.-Africa Leaders Summit in Washington, the United States signed a trilateral memorandum of understanding (MOU) with the Democratic Republic of the Congo (DRC) and Zambia for the development of an integrated value chain for the production of electric vehicles (EV) batteries. This… Read More Here

International Copper Mining Equipment

Sandvik delivers TH663i mining truck to Barminco at Zone 5 copper-silver mine in Botswana

August 23, 2023August 23, 2023 Constance

Sandvik Mining has successfully delivered a cutting-edge 63 t class TH663i truck to the Zone 5 copper-silver mine, owned by Khoemacau Copper Mining in Botswana, in partnership with mining contractor Barminco. The operation is in the heart of the Kalahari Copper Belt. The Khoemacau operations are comprised of the Zone 5 underground mine and associated infrastructure, and the upgraded and expanded Boseto processing plant. The current operations can deliver 60,000 t/y copper and 2 Moz/y of silver in concentrate at full run rate. A planned Phase 2 expansion will more… Read More Here

Mining in Zambia Battery Metals Copper Equipment & Technology

Chililabombwe’s MINGOMBA Mine Spurs Impressive Job Growth and Technological Advances in Zambia’s Mining Sector

August 23, 2023August 23, 2023 Constance

The MINGOMBA Mine in Chililabombwe on the Copperbelt has achieved a significant milestone by generating a total of 250 job opportunities. KoBOLD Metals’ Chief Executive Officer and Co-founder, KURT HOUSE, has underscored the project’s prominence, hailing it as the most progressive endeavor in Zambia’s mining sector. Mr. HOUSE’s emphasis remains on the swift and responsible advancement of the mine. He elaborated that the investors are committed to expediting the mine’s development while adhering to sustainable practices. The abundance of valuable resources within the Zambian mine necessitates substantial investments to optimize… Read More Here

Mining in Zambia Battery Metals Cobalt Copper Economy Lithium

KoBold Metals’ Project Poised to Boost Zambia’s Growth and Global Sustainability

August 23, 2023August 23, 2023 Constance

In a recent interview, KoBold Metals’ co-founder and President Josh Goldman shed light on the significant contribution that KoBold’s project is set to make to Zambia’s economic growth and the global shift towards sustainable resource development. The conversation delved into Zambia’s mineral-rich landscape, its commitment to sustainable practices, and the unique opportunities that KoBold’s innovative technology presents. The transition to a low carbon economy hinges on critical metals like copper, cobalt, nickel, and lithium. These metals are essential for renewable energy technologies, electric vehicles, and other green innovations. Zambia, blessed… Read More Here

Mining in DRC Copper

DRC Copper Sees Decline, Drops to $8.232 per Tonne During the Week of August 21-26, 2023

August 22, 2023August 22, 2023 Constance

The main mining export products of the Democratic Republic of Congo show a downward trend during this week from August 21 to 26, 2023, inform the projections of the National Mercurial Commission). While all other DRC export products are down this week on the international market, only cobalt keeps its stable trend at 32,730 USD per ton. Copper fell this week to 8,232 USD per tonne against 8,417 USD per tonne last week, resulting in a negative price difference of 184 USD. Zinc is also down to 2,368 USD per… Read More Here

Mining in DRC Copper Transport and Logistics

Ivanhoe Mines Selects Lobito Corridor as Preferred Logistics Route

August 22, 2023August 22, 2023 Constance

Canadian mining firm Ivanhoe Mines’ subsidiary in the Democratic Republic of Congo (DRC), Kamoa Copper, has established a collaborative alliance with logistics enterprise Lobito Atlantic International Sarl. This strategic partnership aims to facilitate the transportation of copper concentrate extracted from the Kamoa-Kakula mine, situated in the DRC, through the Lobito Corridor. The focal point of this collaboration is the utilization of a 1,732 km railway line extending from Lobito in Angola to Kolwezi in the DRC. This railway route presents a cost-effective and practical means to convey essential minerals from… Read More Here

Mining in Zambia Copper New Mining Projects

Illuminating the Zambian-Congo copperbelt with pursuit of high-value deposits

August 20, 2023November 10, 2023 arnbethnic

Midnight Sun Mining says drilling at Mitu Trend at Solwezi project confirms high-grade intercepts Midnight Sun focuses on the exploration and discovery of world class copper deposits in the prolific Zambian-Congo Copperbelt. Midnight Sun’s Solwezi mineral exploration licenses in Zambia are located directly adjacent to the largest copper mine in Africa – First Quantum Minerals’ Kansanshi copper/gold mine. Midnight Sun Mining Corp (TSX-V:MMA, OTCQB:MDNGF) said the remaining drill results from holes MTDD047 and MTDD048 and the results from the 2022 drilling campaign on the Mitu Trend at the Solwezi project… Read More Here