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Category: Copper

Ivanhoe Mines Advances Copper Production at Kamoa-Kakula in the DRC 1 Copper Mining in DRC 

Ivanhoe Mines Advances Copper Production at Kamoa-Kakula in the DRC

Constance
Ivanhoe Mines (TSX: IVN) is taking significant strides towards increasing copper production at its Kamoa-Kakula copper complex in the Democratic Republic of the Congo. By focusing on liberating copper from the tailings stream, the company has explored various methods to economically recover additional copper units since 2022. Recently, Ivanhoe Mines released the preliminary findings of a metallurgical study conducted by Canada’s Expert Process Solutions, a trusted collaborator with Kamoa-Kakula since the project’s inception. This study aimed to improve the copper recovery rate by reprocessing the tailings stream from the Phase… Read More Here
FQM Limited CSR Group Witnesses Sustainable Development in Kalumbila Through Trident Foundation Limited's Initiatives 2 Mining in Zambia Copper Corporate social responsibility 

FQM Limited CSR Group Witnesses Sustainable Development in Kalumbila Through Trident Foundation Limited’s Initiatives

Constance
A delegation from First Quantum Limited’s Corporate Social Responsibility (CSR) Group recently embarked on a visit to FQM Trident Minerals in Kalumbila, Zambia. The purpose of their visit was to gain a firsthand understanding and appreciation of the CSR activities being implemented in the communities surrounding the mine. Spearheading these initiatives is the Trident Foundation Limited (TFL), which focuses on Agriculture, Health, Education, and Business Development, recognizing the vital role these sectors play in promoting growth and sustainability. The Diverse Delegation: The visiting team was a diverse group, representing various… Read More Here
Copper continues to rise at 8491 USD per ton this week from July 24 to 29, 2023 in DRC 3 Copper Mining in DRC 

Copper continues to rise at 8491 USD per ton this week from July 24 to 29, 2023 in DRC

Constance
The trend is upward for the main export products of the Democratic Republic of the Congo during this week from July 24 to 29, 2023, in view of the projections of experts from the National Mercuriales Commission, a structure of the Ministry of Foreign Trade. Copper is trending up this week at USD 8,941 per tonne versus USD 8,319 per tonne last week, a positive price differential of USD 171. Zinc is also up this week at 2,384 USD per tonne against 2,352 USD per tonne last week, giving rise… Read More Here
Kansanshi Mining Celebrates Q2 2023 Waste Reduction and Employee Excellence 4 Mining in Zambia Copper Environment Social Governance (ESG) Mining safety 

Kansanshi Mining Celebrates Q2 2023 Waste Reduction and Employee Excellence

Constance
Kansanshi Mining Plc (KMP) recently held its third employee town hall meeting, marking a significant milestone in the company’s commitment to fostering transparent communication and recognizing the outstanding efforts of its workforce. Led by General Manager Anthony Mukutuma, the meeting focused on discussing the company’s second-quarter performance in various key areas, including safety, production, efficiency, and waste reduction. Amidst the challenges posed by rising input prices, KMP’s dedicated employees demonstrated their commitment to sustainability and operational excellence, making remarkable strides in waste reduction. One of the major highlights of the… Read More Here
Vedanta in advanced stage of deal with Zambia over copper mine 5 Copper Mining in Zambia 

Vedanta in advanced stage of deal with Zambia over copper mine

Constance
Vedanta Resources, owned by Indian billionaire Anil Agarwal, said it has reached an “advanced stage” of executing agreements with the Zambian government over Konkola Copper Mines Plc assets that have been in provisional liquidation for about four years. “Vedanta is alive to the fact that the talks have taken a little longer than initially anticipated,” it said in a statement last week. “The company is firmly committed to the process.” The Zambian government placed Konkola, of which Vedanta owns 79.4%, into provisional liquidation in 2019, and since then has been… Read More Here
Zambia’s copper production seen falling to 14-year low 6 Mining in Zambia Copper 

Zambia’s copper production seen falling to 14-year low

Constance
Zambia’s copper output will fall by more than 10% this year to the lowest in 14 years in what would be a significant blow to the southern African country’s revenue and economic growth. Copper production, which accounts for more than 70% of export earnings, will plunge to 682,431 tons, the Ministry of Finance & National Planning said in a report this week. That would be the lowest level since 2009, and marks the third straight year of declining output after peaking in 2020, even as prices remain elevated for the… Read More Here
Equity Holding Showcases Congo's Mining Potential in Kenya-DRC Roadshow 7 Mining in DRC Cobalt Copper Events & Expos Gold 

Equity Holding Showcases Congo’s Mining Potential in Kenya-DRC Roadshow

Constance
As part of the Kenya-DRC Roadshow, the Equity Holding Group organized an investment promotion mission for the Democratic Republic of Congo, mobilizing all investors from several corners of the planet: United States, Dubai, United Kingdom and others. During a business lunch, the mining potential of the DRC was presented, this Wednesday, July 19, 2023, at the Hôtel du Fleuve in Kinshasa. According to the CEO of EquityBCDC, Célestin Mukeba, two mining giants have presented their success stories to encourage and encourage other investors to follow in their footsteps. “Generally, the… Read More Here
Gécamines Mining in DRC Cobalt Copper 

CMOC agrees to pay $800 million to end row with Congo’s Gecamines

Constance
China’s CMOC Group has agreed to pay Congo state mining firm Gecamines $800 million to end a dispute over its Tenke Fungurume Mining (TFM) operation in the country, the Chinese company said on Tuesday July18th. CMOC said in a statement it will start paying the settlement fee this year and complete payment by 2028. The Chinese mining company also said TFM will pay cumulatively at least $1.2 billion in dividends to Gecamines over the life of the project starting this year. “CMOC will further consolidate partnerships with Gecamines and expand… Read More Here
Zambia's Mines Minister Provides Update on Mopani Copper Mine 8 Mining in Zambia Copper 

Zambia’s Mines Minister Provides Update on Mopani Copper Mine

Constance
In a recent press conference, Zambia’s Mines Minister Paul Kabuswe addressed the media, providing information about the country’s mining sector, particularly the Mopani Copper Mine (Mopani). The minister highlighted Mopani’s ownership structure and the challenges faced since Glencore’s departure, emphasizing the government’s efforts to find a new investor. Furthermore, the minister expressed the government’s intention to close the deal with a new investor by the end of July 2023. This article aims to provide an overview of the minister’s key points and the prospects for Mopani’s future. The Mines Minister… Read More Here
Zambia's Copper Sector Poised for Growth with Increased Exploration Investment 9 Mining in Zambia Copper Economy Exploration 

Zambia’s Copper Sector Poised for Growth with Increased Exploration Investment

Constance
Zambia, a landlocked nation in Southern Africa, is renowned for its significant copper production. Ranking 7th globally and 2nd in Africa after the Democratic Republic of Congo, Zambia’s mining sector has immense potential for growth. Recent changes in the mining industry, particularly increased investment in exploration, are expected to propel Zambia’s copper industry to higher global rankings. In this article, we explore the exciting prospects that lie ahead for Zambia and the role of exploration in unlocking its copper resources. Zambia’s abundant copper reserves have established it as a prominent… Read More Here

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