You are here

Category: Copper

Zambia's Mines minister close to finalizing deal with Vedanta Resources 1 Mining in Zambia Copper 

Zambia’s Mines minister close to finalizing deal with Vedanta Resources

Constance
Zambia is close to resolving a dispute with Vedanta Resources (VEDJB.UL) over its Konkola Copper Mines, with a deal over the future of the partly state-owned unit “imminent”, its mines minister said. KCM has battled to attract investment since relations between Zambia and Vedanta broke down several years ago, culminating in the state’s take-over of the KCM assets and forced liquidation in May 2019. The move triggering protracted legal battles, with Vedanta approaching an arbitration court in London to fight off the seizure of the copper assets. “The negotiations are… Read More Here
FQM’S Kansanshi Mine hands over K1.2M IN Cheques to six Solwezi Cooperatives 2 Mining in Zambia Copper Environment Social Governance (ESG) 

FQM’S Kansanshi Mine hands over K1.2M IN Cheques to six Solwezi Cooperatives

Constance
First Quantum Minerals’ Kansanshi Mining PLC has handed over cheques amounting to K 1.2 million to six cooperatives engaged in various business activities, with each receiving K 200,000 in a continued effort to effort to support and improve the welfare and livelihood of communities in Solwezi. The mining firm is alive to the fact that Small and Medium Enterprises (SMEs) play a major role in most economies, particularly in rural communities, however, access to finance is a key constraint to SME growth, and it is one of the most cited obstacles… Read More Here
Glencore offers to take sole control of PolyMet Mining 3 Copper International 

Glencore offers to take sole control of PolyMet Mining

Constance
Mining giant Glencore has submitted a non-binding offer to PolyMet Mining to purchase the outstanding common shares it does not already own in the latter for $2.11 per share. The bid price is at par with PolyMet’s rights offering in April 2023. It marks a nearly 167% premium over the company’s stock close on 30 June 2023. The offer is subject to the execution of a definitive deal, along with clearance from PolyMet’s shareholders. Glencore currently owns 159 million shares in PolyMet, representing a stake of nearly 82.19%. Glencore also… Read More Here
Metso Awarded Contract to Supply Processing Equipment for FQMs' Kansanshi Copper Mine Expansion 4 Mining in Zambia Contracts & tenders Copper Mining Equipment 

Metso Awarded Contract to Supply Processing Equipment for FQMs’ Kansanshi Copper Mine Expansion

Constance
Metso has received a contract from Canadian company First Quantum Minerals (FQM) for the delivery of minerals processing equipment to the Kansanshi copper mine S3 expansion in Zambia. Under the contract, which is valued at more than €20m ($21.78m), Metso will supply equipment such as apron feeders, mechanical flotation cells, high-intensity Concorde Cell units, HRT thickeners and a clarifyer. Metso said that most of the separation equipment is part of its Planet Positive offering. Metso flotation vice-president Antti Rinne said: “Kansanshi’s flotation flowsheet combines the well-proven, energy-efficient TankCell flotation cells… Read More Here
The DRC nearly produced 600,000 tonnes of copper in the 1st quarter of 2023 5 Mining in DRC Copper News in Brief 

The DRC nearly produced 600,000 tonnes of copper in the 1st quarter of 2023

Constance
The mining industry in the Democratic Republic of Congo produced 595,142.92 tonnes of copper in the first quarter of 2023, according to the Ministry of Mines. Of the 595,142.92 tonnes of copper produced, mainly in the provinces of Haut-Katanga and Lualaba, 555,217.98 tonnes were exported from the Democratic Republic of Congo. Recall that in 2022, the Democratic Republic of the Congo produced more than 2.3 million tonnes of copper, which was a record production in the history of copper production in the DRC. Read More Here
Zambia's Mopani Copper Mines losses deepen amid search for new investors 6 Copper Mining in Zambia 

Zambia’s Mopani Copper Mines losses deepen amid search for new investors

Constance
 Zambia’s Mopani Copper Mines posted a deeper financial loss last year and lower output, state owner ZCCM Investment Holdings (ZCCM.LZ) said. Its financial losses widened to $298 million from $74.2 million in 2021, ZCCM said in a financial report published late on Thursday June 27th. Copper output at the operations declined to 72,694 tons from 87,618 tons, impacted by a 45-day smelter maintenance shutdown, it said. Rothschild & Co, hired by the ZCCM last year to find new investors for Mopani, has shortlisted companies including China’s Zijin Mining Group (601899.SS) and Sibanye Stillwater (SSWJ.J) to acquire the… Read More Here
Local First Policy Drives Barrick’s Procurement Practices 7 Mining in Zambia Copper Economy Gold Taxes 

Local First Policy Drives Barrick’s Procurement Practices

Constance
The Lumwana copper mine has purchased approximately $4.3 billion in goods and services from Zambian registered businesses since it went into production, in line with Barrick Gold Corporation’s (NYSE:GOLD)(TSX:ABX) local procurement and economic development practices. President and chief executive Mark Bristow said Lumwana’s local procurement expenditure in 2022 was $432 million, out of a total of $520 million, which represents 83% of the mine’s total procurement spend. Since 2019, when Barrick was reconstituted following its merger with Randgold Resources, local expenditure has increased year on year. Additionally, all Lumwana’s copper… Read More Here
BEMETALS commences 2023 Copper Exploration program in Zambia 8 Copper Exploration Mining in Zambia New Mining Projects 

BEMETALS commences 2023 Copper Exploration program in Zambia

Constance
 The “Company” or “BeMetals” is pleased to announce commencement of its 2023 exploration program at the Pangeni Copper Project (“Pangeni” or the “Project”) in the Zambian Copperbelt. Results from core and aircore drilling during the previous program have been integrated into our geological interpretations to generate new and refined existing targets for testing this year. This year’s planned US$2 million exploration program will be pro rata funded by both BeMetals and the Japan Organization for Metals and Energy Security (“JOGMEC”). Highlights of recent PANGENI COPPER PROJECT CORE DRILLING RESULTS: G-Target:… Read More Here
Anglo American and Jiangxi sign MoU on responsible copper production 9 International Copper 

Anglo American and Jiangxi sign MoU on responsible copper production

Constance
UK-based mining company Anglo American and Chinese copper miner Jiangxi Copper have entered a memorandum of understanding (MoU) to work on responsible copper production. Signed in Jiangxi Copper’s headquarters in Nanchang, China, the MoU will be part of Anglo American’s work with customers in creating sustainable value chains beyond its own mining operations. Anglo American marketing business CEO Peter Whitcutt said: “We are developing a series of partnerships to shape a more sustainable and customer-centric value chain – one that meets consumer-driven demand for copper with demonstrably strong provenance credentials.… Read More Here
Billionaire miner Robert Friedland warns of a copper 'train wreck' as supply stalls 10 International Copper 

Billionaire miner Robert Friedland warns of a copper ‘train wreck’ as supply stalls

Constance
Copper is poised to follow other commodities upended by recent price surges as the mining industry struggles to expand ahead of accelerating demand, warns the man behind some of the world’s biggest mines. Demand for critical raw materials is set to jump as nations mandate clean energy and transport while clambering to develop their own supply chains. But a combination of factors suggests supply won’t keep pace, according to billionaire Robert Friedland. They include the fact that deposits are getting pricier and tricker to find and dig up, funding is scarce and societies have… Read More Here

You have successfully subscribed to the newsletter

There was an error while trying to send your request. Please try again.

Copperbelt Katanga Mining will use the information you provide on this form to be in touch with you and to provide updates and marketing.