Copper - Copperbelt Katanga Mining

Anglo American joins efforts to create sustainable mining taxation solutions

July 17, 2023July 17, 2023 Constance

Anglo American joined representatives of government, civil society and other stakeholders in the mining sector at a global conference in Lusaka to discuss the future of resource taxation, as part of the launch of a new guide on the subject by the Inter-governmental Forum (IGF) on Mining. Those attending were seeking to find effective solutions to promote transparency and sustainable development in the mining sector. The conference was officially opened by the Minister of Finance and National Planning Dr Situmbeko Musokotwane, who expressed confidence in the three-day event’s potential to facilitate constructive… Read More Here

Mining in Zambia Artisanal mining Copper Gold Rare Earth Minerals

Zambia’s Mines Minister Provides Updates on Mopani, KCM and Several Mining Positions

July 14, 2023July 16, 2023 Constance

In a recent press briefing, Zambia’s Mines Minister, Paul Kabuswe, provided updates on several important issues related to the country’s mining sector. The briefing aimed to inform the nation about the progress and plans of the Ministry of Mines and Mineral Development. The minister discussed topics such as the status of Mopani Copper Mine (Mopani) and Konkola Copper Mines (KCM), the suspension of the exploration license for Kasenseli Gold Mine (KGM), the discovery of Sugilite in Luapula Province, the formalization of artisanal and small-scale mining (ASM), the establishment of the… Read More Here

Mining in DRC Cobalt Copper Economy

Global Copper Prices Continue to Stay Below USD 8,000 per Tonne

July 14, 2023July 14, 2023 Constance

The general trend of mining products exported from the Democratic Republic of Congo (DRC) oscillates between rising and falling prices on international markets for the period from July 10 to 15, 2023. According to projections made by experts from the National Commission of Mercurials of the Ministry of Foreign Trade, copper should see a drop in price this week to trade this week at 8,265.70 USD against 8,445.85 USD last week. elapsed, i.e. a price drop of around 180.15 USD. Zinc and tantalum are also expected to experience lower prices… Read More Here

Mining in DRC Battery Metals Cobalt Copper

Global Cobalt Prices Surge to $31,549.00 USD per Tonne

July 14, 2023July 14, 2023 Constance

After almost a year of decline on the international markets, the cobalt market is again showing firmness, inform the specialists in the field. According to projections made by experts from the National Commission of Mercurial Prices of the Ministry of Foreign Trade, cobalt should register a significant price increase on world markets during the period from July 10 to 15, 2023. According to the figures put forward by Congolese government experts, cobalt should trade at 31,549.00 USD per tonne this week against 28,840.00 USD a week earlier, i.e. a positive… Read More Here

Battery Metals Copper International

Critical mineral projects set to catch up with projected boom in demand

July 13, 2023July 13, 2023 Constance

SUPPLY of critical metals is catching up with an anticipated boom in demand following a 50% jump in investment over the past two years, said Bloomberg News. Citing a report by the International Energy Agency (IEA), the newswire said critical minerals were therefore less likely to stymie the transition to a low carbon economy. “We look at the situation after raising alarm bells, and we are of the view that governments and companies have responded to this rather challenging situation,” Fatih Birol, the head of the IEA, said in an interview… Read More Here

Mining in DRC Cobalt Copper Mining in Zambia

Top 5 copper and cobalt mines in Africa by potential production

July 13, 2023July 13, 2023 Constance

Used for the production of lithium-ore batteries, copper and cobalt are becoming increasingly sought after as nations move to transition to a renewable energy future. A 2023 Battery Metals report by Creamer Media anticipates global copper production to increase by an average rate of 3.2% a year between 2022 and 2031, with output rising from 2.1 million tons to 28.2 million tons per year (t/y) during the same period. In this scenario, the report states that Africa – rich in copper and cobalt among other critical minerals – stands to… Read More Here

Mining in DRC Cobalt Copper

China’s CMOC restarts copper and cobalt exports from DRC’s TFM mine

July 11, 2023July 11, 2023 Constance

China’s CMOC Group said on Monday July 10th that it has resumed exports of copper and cobalt from its TFM mine in the Democratic Republic of Congo, in the first confirmation of shipments after it resolved a dispute with the state miner in April. Exports from the Tenke Fungurume Mining (TFM) operation, which in 2021 supplied 10% of the world’s cobalt, were halted in July 2022 after a row erupted with state miner Gecamines over mineral royalty payments. The dispute was resolved in April, but at the time, neither side disclosed… Read More Here

Mining in Zambia Copper Gold

Great Future Beckons for Lumwana as Barrick Unlocks Potential

July 7, 2023July 8, 2023 Constance

Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) – Barrick’s drive to transform the Lumwana copper mine into a Tier One1 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 here today July 7th, 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… Read More Here

International Copper

Austral finds potential extra 10,000 tonnes of copper to replace mined ore at Anthill

July 7, 2023July 7, 2023 Constance

Austral has released a concept mining study indicating that a further 10,000t of contained copper could be mined from its Anthill copper project in Queensland. This represents the addition of more than 20% of the produced copper oxide and sulphide to be mined from Anthill compared to the volumes estimated in the 2021 Feasibility Study and is due to a combination of higher copper prices and the addition of flotation to process high-calcium transitional and copper sulphide material. Importantly for Austral Resources (ASX:AR1), the increased copper inventory not only has the… Read More Here

Mining in Zambia Copper Exploration Technology & Innovation

KoBold Metals’ Strategic Investment in Zambia Paves the Way for Sustainable Critical-Mineral Supply Chains

July 7, 2023July 7, 2023 Constance

In a significant move towards building transparent, secure, and sustainable critical-mineral supply chains, KoBold Metals has emerged as a key player in catalyzing investments in strategic projects. The United States Ambassador to Zambia, His Excellency Michael Gonzales, commended KoBold’s efforts and emphasized the pivotal role such initiatives play in driving the energy transition and fostering a sustainable, climate-smart economy for the 21st century. With a commitment to leveraging the world’s best artificial intelligence and human intelligence, KoBold President Josh Goldman expressed enthusiasm about the company’s ability to accelerate progress in… Read More Here