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Category: Copper

Job Redundancy Talks Begin at Kansanshi Mining PLC and FQM 1 Mining in Zambia Copper 

Job Redundancy Talks Begin at Kansanshi Mining PLC and FQM

Constance
Management at Kansanshi Mining PLC and First Quantum Minerals (FQM) have initiated discussions with mine unions concerning the imminent job redundancies among unionized workers following the merger of the two companies. Both Kansanshi Mining PLC and First Quantum Minerals have formally notified the mine unions of their intention to reduce the workforce as part of the merger and restructuring process aimed at enhancing operational efficiency. Saul Simujika, President of the National Union of Miners and Allied Workers Union (NUMAW), disclosed that the mine is currently evaluating the number of employees… Read More Here
Mwembeshi Resources Invests $50M to Revive Kangaluwi Mine in Lower Zambezi 2 Mining in Zambia Copper New Mining Projects 

Mwembeshi Resources Invests $50M to Revive Kangaluwi Mine in Lower Zambezi

Constance
Mwembeshi Resources Limited, a subsidiary of Zambezi Resources, has reported significant progress in its efforts to resume full-scale copper production at the Kangaluwi mine in the lower Zambezi National Park area. The company has invested over USD $50 million in various development activities, including the construction of the mining site road, power line connections, mineral explorations, and equipment procurement. In an interview with ZBT, Oliver Shalala, spokesperson for Mwembeshi Resources, highlighted that the substantial investment has been allocated to meet necessary requirements for the mine’s operations. These include ensuring compliance… Read More Here
Barrick Gold's Informal Takeover Attempt Rejected by First Quantum Minerals 3 Copper Gold International 

Barrick Gold’s Informal Takeover Attempt Rejected by First Quantum Minerals

Constance
First Quantum Minerals (TSE: FM) recently turned down an informal takeover proposal from Barrick Gold (NYSE: GOLD TSE: ABX), the world’s second-largest producer of precious metals. As mining companies search for growth opportunities, Barrick approached First Quantum in its quest to expand its presence in the copper market. However, First Quantum expressed its lack of interest in a merger and declined to engage in substantive discussions. Sources familiar with the matter revealed these details. Following the news, shares of First Quantum surged by as much as 12% during Canadian trading,… Read More Here
Glencore supports World Day against Child Labour 4 Mining in DRC Artisanal mining Copper Corporate social responsibility 

Glencore supports World Day against Child Labour

Constance
Glencore recognises the ILO-sanctioned World Day Against Child Labour and its theme ‘Social Justice for All. End Child Labour’. With two industrial copper cobalt assets in the DRC, Kamoto Copper Company (KCC) and Mutanda Mining (MUMI), Glencore operates in a geography that is faced with child labour issues associated with artisanal and small-scale mining (ASM). While KCC and MUMI do not process, buy or trade ASM material, Glencore believes that ASM can play an important and sustainable role in the DRC economy when carried out responsibly and transparently. The company, in partnership with others,… Read More Here
Copper 360 Reports High-Grade Copper Intersections and Exciting New Discoveries 5 Copper International 

Copper 360 Reports High-Grade Copper Intersections and Exciting New Discoveries

Constance
Copper 360, a prominent mining company, has released drilling results that confirm the presence of high-grade copper intersections at its Rietberg copper mine. Furthermore, initial sampling has unveiled a new deposit of high-grade copper on the mine’s surface, marking a significant discovery. The recent exploration efforts focused on drilling four core boreholes near historical ones, successfully validating the copper values and widths recorded in the past. Particularly noteworthy were the findings from boreholes RB360-3 and RB360-4, which revealed copper grades of 2.97% over 22.27 meters and 3.57% over 6.66 meters,… Read More Here
Glencore sells Copper mine for $US1.1 billion 6 Copper International 

Glencore sells Copper mine for $US1.1 billion

Constance
Coal miner Glencore will sell its CSA copper mine in Cobar, New South Wales, to Metals Acquisition Corp (MAC) for $US1.1 billion ($1.64 billion). CSA is an established, high-grade producing, long-life underground copper mine with an estimated current mine life of over 15 years, and MAC has identified opportunities to further extend it, subject to exploration success. The sale is the latest indicator of copper’s growing importance, after Evolution Mining extended its Ernest Henry mine life to 2040 earlier this week. Similarly, South32 is looking to grow its portfolio, identifying a copper mine… Read More Here
FQM CONSOLIDATES ITS KANSANSHI MINING OPERATIONS IN READINESS FOR THE S3 EXPANSION 7 Mining in Zambia Copper New Mining Projects 

FQM CONSOLIDATES ITS KANSANSHI MINING OPERATIONS IN READINESS FOR THE S3 EXPANSION

Constance
First Quantum Minerals will consolidate the Road and Earthworks Division, Mining Divisions and related supporting services currently carried out by First Quantum Mining Operations Limited (“FQMO”) with the operations at Kansanshi Mining Plc (“KMP”).FQMO was the original First Quantum Minerals corporate entity in Zambia which operated the Bwana Mkubwa mine. Following the expansion of the First Quantum operations in Zambia, with both the Kansanshi and Sentinel mines, FQMO evolved to house a wide range of business functions to support these operations including mining, road and earthworks, exploration, corporate services, CSR,… Read More Here
Ivanhoe Mines announces Kamoa-Kakula achieved record copper production of 35,856 tonnes in May  8 New Mining Projects Copper Mining in DRC 

Ivanhoe Mines announces Kamoa-Kakula achieved record copper production of 35,856 tonnes in May 

arnbethnic
Monthly copper production equivalent to annual production of approximately 430,000 tonnes  ■ New daily ore milling record achieved at Kamoa-Kakula, equivalent to an annual rate of approximately 9.8 million tonnes   ■     Phase 1 and 2 concentrators continue to operate at above-design copper recoveries ■   Phase 3 expansion and smelter advancing on schedule for first production in Q4 2024 KOLWEZI, DEMOCRATIC REPUBLIC OF CONGO – Ivanhoe Mines (TSX: IVN; OTCQX: IVPAF) Co-Chairs Robert Friedland and Yufeng “Miles” Sun announced today that the Kamoa-Kakula Copper Complex in the Democratic… Read More Here
Ivanhoé will produce its first copper concentrate at the Kipushi mine in the third quarter of 2024 9 Copper Mining in DRC New Mining Projects News in Brief 

Ivanhoé will produce its first copper concentrate at the Kipushi mine in the third quarter of 2024

arnbethnic
In an interview with Mining Review Africa, President Marna Cloete of Ivanhoé Mines says that Ivanhoé’s Kipushi mine redevelopment project in the DRC is expected to produce its first copper concentrate in the third quarter of next year. According to Ivanhoé’s president Marna Cloete, “construction of the mill is now also well advanced.” Indeed, the Kipushi project is based on the high-grade zinc-copper mine which is located in the central African copper belt and which produces approximately 60 million tonnes for a zinc content of 11%, and 7 % in… Read More Here
Ivanhoé Mines to publish its results for the 2nd quarter of 2023 on June 5 10 Mining in DRC Copper 

Ivanhoé Mines to publish its results for the 2nd quarter of 2023 on June 5

Constance
The mining company Ivanhoé Mines announces the publication of its results for the second quarter of the current year this Monday, June 5, 2023. This is indicated in a press release from the company made public on June 1, 2023. According to the said press release, Ivanohé Mines’ activity report for the second quarter of 2023 will be punctuated by the progress of its three main projects in southern Africa.  These are the expansion of the Kamoa-Kakula copper complex in the Democratic Republic of Congo (DRC); the construction of the Platreef… Read More Here

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