Copper - Copperbelt Katanga Mining

Prices of Copper Slightly Fall on the Market to $8,829 per Tonne This Week in DRC 1

The general trend of mining products exported from the Democratic Republic of Congo (DRC) is downward this week from April 17 to 22, 2023, says experts from the National Commission of Mercurial Prices of the Ministry of Foreign Trade. According to the data in this report, the price of copper is expected to slow slightly this week to 8,829 USD per tonne compared to 8,928 USD per tonne last week, resulting in a negative price differential of 99.55 USD. The experts of this national commission also note a fall in… Read More Here

Barrick On Track to Achieve 2023 Targets

April 18, 2023April 18, 2023 Constance

Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) (“Barrick” or the “Company”) on Thursday 13th April reported preliminary Q1 sales of 0.95 million ounces of gold and 89 million pounds of copper, as well as preliminary Q1 production of 0.95 million ounces of gold and 88 million pounds of copper. As previously guided, Barrick’s gold production in 2023 is expected to increase through the year with the first quarter being the lowest, while copper production is expected to be higher in the second half of the year. We remain on track to achieve our… Read More Here

Mining in Zambia Copper Gold

NFC Africa Mine’s Copper and Gold Production Rises Annually in Zambia

April 14, 2023April 17, 2023 Constance

Non-Ferrous China Africa (NFCA), a subsidiary of China Nonferrous Metals Corporation (CNMC), has reported an annual increase in copper and gold production at its Chambishi-based mine in the Kalulushi district of Zambia’s Copperbelt Province. Copper production rose by more than 5,000 tons from 62,300 tons in 2021 to 67,600 tons in 2022, generating approximately $608 million at an average copper price of $9,000 per ton. This marks the mine’s second consecutive year of increased production, with copper production up by 18,675 tons compared to 48,900 tons in 2020. According to… Read More Here

Mining in DRC Cobalt Copper

$75M secured by Gecamines’ subsidiary for the construction of new unit

April 13, 2023April 13, 2023 Constance

STL, a subsidiary of the Democratic Republic of Congo’s state mining company Gecamines, announced on Tuesday 11th April that it has secured $75 million to build a new hydro-metallurgical unit. The unit will produce materials used in manufacturing semiconductors and extend the life of its existing facilities by 30 years. The company, which focuses on making commercial use of a slag heap in Lubumbashi, the capital city of the mining region of Katanga in southeastern Congo, plans to begin operations from August this year. The new unit will produce copper… Read More Here

Battery Metals Copper International Lithium

Musk puts $14 trillion price tag on sticking by fossil fuels

April 7, 2023April 7, 2023 Constance

Converting the world to entirely clean energy will require $10 trillion worth of investment, but continuing to rely on fossil fuels would cost about $14 trillion, according to Elon Musk. A massive build-out of solar-panel factories and metal refineries are required over the next 20 years to deliver renewable-power generation and electricity-storage capacity needed to power the global economy entirely with carbon-free energy, Tesla Inc. said in its Master Plan Part 3 published Thursday 6th April. The white paper fleshes out the details of Musk’s vision for a world without… Read More Here

Mining in Zambia Cobalt Copper

Demands for Revamping Chambishi Metals Plant on the Rise

April 6, 2023April 6, 2023 Constance

Stakeholders in the mining industry on the Copperbelt have continued to demand action from the owners of Chambishi Metals, Eurasian Resources Group (ERG), to either revive the plant or hand it over to the Zambian government to seek alternative investors. Augustine Mubanga, the former Mining Suppliers President, has urged for the owners of Chambishi Metals to be penalized if they fail to take action. Mubanga stated that the plant should be put into productive use and not remain on care and maintenance. He added that ERG should find ways to… Read More Here

Mining in Zambia Copper Exploration

Northwest Zambia’s Domes region highly prospective for Copper mining

April 6, 2023April 6, 2023 Constance

According to Nick von Schirnding, Executive Chairman of junior explorer Arc Minerals, the Domes region in northwest Zambia is highly prospective for copper mining, making it one of the most promising areas in the world for the commodity. The region is attracting attention from several mining majors due to the fact that First Quantum Minerals’ Sentinel mine produced 816,435 tonnes of copper in 2021, making it Africa’s biggest copper mine. Arc Minerals has an area of 870 km² of land in the Domes region, where it is exploring for copper.… Read More Here

Mining in DRC Copper

Ivanhoe Mines reports Q1 2023 Copper production from Kamoa-Kakula Copper Complex

April 6, 2023April 6, 2023 Constance

■Kamoa-Kakula produced record 34,915 tonnes of copper in March ■Kamoa-Kakula reported weekly production record of 9,016 tonnes of copper and daily production record of 1,563 tonnesof copper in March■Phase 1 and 2 concentrators reached new daily average milling record of over 29,000 tonnes ■Kamoa-Kakula achieved record average copper recoveries exceeding 88% in March ■Kamoa-Kakula milled approximately 1.93 million tonnes of ore during the quarter at average grade of 5.4% copper ■Ivanhoe Mines to issue sixth annual Sustainability Report on April 13, highlighting the company’s commitment tomining with a greater purpose… Read More Here

Mining Personality Copper Mining in Zambia

KoBold Metals appoints female CEO to lead their Copper unit in Zambia

April 5, 2023April 10, 2023 Constance

KoBold Metals, a Silicon Valley start-up that utilizes artificial intelligence to detect battery metal deposits, has appointed a lady CEO to head its copper unit in Zambia, making her the first female executive to hold such a position in a mining exploration company in the country. Zambia is Africa’s second largest copper producer and is witnessing a high demand for copper in the transition to a low-carbon economy. Data from S&P Global Market Intelligence reveal that as of 2022, top female executives at global metals and mining companies held just… Read More Here