Copper - Copperbelt Katanga Mining

DRC’s Mining Exports Drop on Global Markets

August 11, 2023August 11, 2023 Constance

The general trend of the main mining products exported from the Democratic Republic of Congo on international markets is downward during the period from August 7 to 12, 2023. According to projections by the National Commission of Mercurials of the Ministry of Foreign Trade, products such as tin, gold and tantalum should experience a drop in price this week. Tin is expected to trade at $28,671 per ton versus $28,820 per ton last week, down $148. As for gold, its price should be around 63.48 USD per gram this week… Read More Here

Mining in Zambia Copper Gold Mining in DRC

Zambia’s Economic Resurgence Anchored in Copper Prosperity

August 11, 2023August 11, 2023 Constance

A nation with a rich legacy of copper production, Zambia’s economic vitality pivots around its burgeoning mining industry. Dominating this landscape is the Copperbelt region, encompassing the mineral-rich Copperbelt Province and adjoining areas in Zambia’s northern territories. This strategic zone contributes a substantial 90% to the nation’s total GDP. The Expansive Copperbelt: Engine of Prosperity Stretching across an impressive 450 kilometers, with a width extending up to 260 kilometers, the Copperbelt region straddles Zambia’s border with the Democratic Republic of the Congo (DRC). The lives of the majority of the… Read More Here

Mining in DRC Cobalt Copper

Copper Holds at $8,613/Ton This Week (Aug 7-12, 2023) in DRC

August 8, 2023August 8, 2023 Constance

The main mining export products of the Democratic Republic of Congo are showing a downward trend on the international market, according to the projections of the National Mercurial Commission of the Ministry of Foreign Trade. Copper is up this week at 8613 USD per tonne against 8504 USD per tonne last week, an increase of 109 USD. Zinc ore is also up this week at 2519 USD per ton against 2404 USD per ton the previous week, giving a positive price difference of 114 USD. However, tin is trending down… Read More Here

Mining in Zambia Battery Metals Cobalt Copper Energy Partnership

UK and Zambia Forge $3.7bn Clean Energy and Mineral Partnership

August 6, 2023August 6, 2023 Constance

The British Government has agreed a partnership with Zambia covering clean energy and critical mineral supply worth more than $3.7bn (£2.91bn). Under the clean energy and green investment partnership, the UK will aim to generate $3.1bn of private sector investment for the Zambian mining and renewable energy industries. A further $600m of funding will come in the form of UK Government-backed investments. Approximately 70% of Zambia’s export earnings come from mining. In 2022, Zambia was the world’s eighth-largest copper producer, and second in Africa. In the same year, it was also the world’s 13th-largest… Read More Here

Copper Battery Metals International

US Department of Energy Includes Copper in the List of Critical Minerals

August 6, 2023August 6, 2023 Constance

The U.S. Department of Energy (DOE) officially added copper to its list of critical materials last week, marking the first time a U.S. government agency has included copper on one of its official “critical” lists. like the European Union, Japan, India, Canada and China. The Critical Materials Assessment 2023, which rated materials based on their criticality to global clean energy technology supply chains, focuses on key materials at high risk of supply disruption that are part of integral part of clean energy technologies. The DOE Critical Materials List will inform… Read More Here

Mining in Zambia Cobalt Copper Mining in DRC Transport and Logistics

Southern African Governments Urged to Prioritize Infrastructure for Lucrative Minerals

August 3, 2023August 3, 2023 Constance

The vast mineral reserves in Africa, constituting 30% of the world’s total, are a treasure trove of resources essential for powering the green revolution. Cobalt, copper, manganese, and lithium, among others, hold tremendous potential for driving economic growth and sustainable development in the region. However, to fully capitalize on these lucrative minerals and avoid the resource curse, governments in southern Africa must prioritize significant infrastructure investments, especially in transportation and processing facilities, integral components of the mining value chain. Enhancing South African Exports through Infrastructure Investments Despite its mineral wealth,… Read More Here

Mining in Zambia Copper Gold

Zambia’s Mines Minister Updates on Copper Mines Negotiations

August 2, 2023August 2, 2023 Constance

Zambia’s Minister of Mines, Paul Kabuswe, recently provided an update on the status of negotiations concerning the ownership of Konkola Copper Mines and Mopani Copper Mines. Despite the initial promise of a swift resolution, both parties are still engaged in discussions and have yet to reach a mutually agreeable decision on several key issues. In his statement, Minister Kabuswe assured the public that he will provide periodic updates on the progress of these negotiations until a final resolution is achieved. The government’s priority in these negotiations is to ensure that… Read More Here

Mining in Zambia Battery Metals Cobalt Copper Diamond Lithium

Divergent Policies in Zambia and Zimbabwe: Critical Minerals to Rescue?

July 31, 2023July 31, 2023 Constance

In late 2022, Lake Kariba, the world’s largest dam reservoir, experienced record-low water levels, leading Zimbabwe to halt electricity generation at the Kariba Dam’s South Power Station, while neighboring Zambia faced water rationing during an economic crisis. Both countries possess significant mineral reserves that could contribute to global energy transitions. However, they are grappling with climatological shifts that are destabilizing Southern African states, with floods, droughts, and cyclones becoming frequent and devastating events. The reliance on hydropower, which constitutes over 20 percent of the region’s energy mix, makes the impact… Read More Here

Copper International

Glencore in advanced talks for Argentina copper stake

July 31, 2023July 31, 2023 Constance

Glencore Plc is in advanced talks to buy out its partner in Argentina’s Mara copper project as the commodity trader and miner seeks increased exposure to the metal, according to people familiar with the matter. Glencore is close to finalizing a deal to acquire Pan American Silver Corp.’s 56% stake that could be announced as soon as next week, said the people, who asked not to be identified discussing private information. The biggest miners are universally bullish on copper, expecting surging demand in the coming years as a greener world… Read More Here

Copper Mining in Zambia

Barrick’s Lumwana Copper Mine in Zambia Takes Strategic Steps Forward

July 30, 2023July 30, 2023 Constance

Barrick’s drive to transform the Lumwana copper mine in Zambia into a Tier One asset with a life extending beyond 2060 is picking up speed, with a strong performance in the past quarter adding impetus to its continuing production ramp-up. Briefing media at a site visit on July 7, Barrick President and Chief Executive Mark Bristow said the mine’s full potential was only now being revealed. Additional expansion opportunities, identified through an updated geological model, are currently being assessed, while drilling at the Kababisa prospect highlights potential mining flexibility through… Read More Here