Copper - Copperbelt Katanga Mining

Glencore has three weeks to keep $23 billion Teck bid alive

April 5, 2023April 5, 2023 Constance

Teck Resources Ltd.’s public rejection of a $23 billion offer from Glencore Plc has fired the starting gun on three weeks of drama for the Swiss commodities giant to keep its proposal alive. Glencore isn’t actually trying to buy any Teck shares yet. There would be little point, after the company’s controlling investor — Canadian mining patriarch Norman Keevil — made clear he’s not interested in selling. Instead, the future of Glencore’s proposal for now depends on convincing Teck’s shareholders to reject the company’s own plan to split into two, at a… Read More Here

Security Intelligence Officer (x1) | MINING CAREERS AT MOPANI COPPER MINES ZAMBIA

April 5, 2023April 5, 2023 Constance

Email: [email protected] Mopani Copper Mines Plc has operations in Mufulira and Kitwe on the Copperbelt Province in Zambia. The Company’s success has been as a result of its focused approach to improvement and the mutually beneficial relationship enjoyed with its stakeholders — an important sector of which is its employees. The Company seeks the services of a Security Intelligence Officer (xl) The successful candidate will be responsible for safeguarding the organization by identifying potential security threats and vulnerabilities, monitoring emerging threats and trends that could affect the company’s operations, personnel or… Read More Here

Mining in Zambia Copper Gold Mining revenue

ZCCM-IH Shareholders Approve the Kansanshi Royalty Transaction

April 3, 2023April 3, 2023 Constance

ZCCM Investments Holdings Plc (ZCCM-IH) shareholders have approved the Kansanshi royalty conversion where the Company will now receive 3.1% of Kansanshi Mining Plc’s (Kansanshi) total revenue. The royalty revenue will be paid on a quarterly basis over the entire life of the mine of Kansanshi that currently extends to the year 2045. The approval was given at the Shareholder’s Extraordinary General Meeting (EGM) held in Kitwe on 31st March 2023. The royalty income stream replaces the former model of unpredictable and unguaranteed dividend pay-outs. These were made at the discretion… Read More Here

Copper Mining in Zambia

Zambian Mines Contribute 80% to FQM’s 2018 Copper Production

April 3, 2023April 3, 2023 Constance

The Kansanshi and Kalumbila-Trident copper mines in Zambia were highly profitable in 2018, generating about US$3 billion in revenue. The Canadian-based First Quantum Minerals (FQM) group, which operates both mines, produced a total of 606,000 tonnes of copper that year, with the Zambian-based operations contributing about 80% of the total output. FQM president Clive Newell reported that the group had recorded a 6% increase in copper production compared to 2017, with Kansanshi contributing 252,000 tonnes and Kalumbila-Trident contributing 224,000 tonnes. Together, the two Zambian mines produced 476,000 tonnes of copper… Read More Here

Mining in DRC Copper

Sicomines workers seek DRC President Tshisekedi’s help to unfreeze its bank accounts

April 2, 2023April 2, 2023 arnbethnic

In a memorandum addressed to the Congolese head of state on Wednesday, March 29th, 2023, the representatives of Sicomines S.A workers, through its permanent trade union office, called on President Félix Tshisekedi to use his constitutional prerogatives and do everything possible to unlock Sicomines’ bank accounts, currently seized by the tax administration. This lifting of the account seizures, according to the Sicomines permanent trade union office, will allow the mining joint venture to meet its operational and social obligations, enabling them to receive regular remuneration and lead a decent and… Read More Here

Copper Mining Careers Mining in Zambia

CAREER OPPORTUNITY – ARTISAN RIGGER | MINING CAREERS AT MOPANI | ZAMBIA

March 31, 2023April 2, 2023 Constance

To apply, use this link Email: [email protected] Mopani Copper Mines Plc has operations in Mufulira and Kitwe on the Copperbelt Province in Zambia. The Company’s success has been as a result of its focused approach to improvement and the mutually beneficial relationship enjoyed with its stakeholders — an important sector of which is its employees. The Company seeks the services of an Artisan Rigger x 5 The successful candidate will be responsible for inspecting, replacing and installing new shaft steel infrastructure; guide rails, shaft steel sets (buntons, master sets and dividers) and… Read More Here

Mining in DRC Battery Metals Cobalt Copper

DRC signs Framework for pre-feasibility study of economic zone for Batteries and EVs

March 30, 2023March 30, 2023 Constance

Will the DRC manage to set up its ambitious project to produce batteries and electric vehicles? Yes, we answer in the government. Prime Minister Sama Lukonde chaired this Monday, March 27, 2023 in Kinshasa the signing ceremony of the framework agreement relating to the creation of a special economic zone (SEZ) dedicated to this project. The stakeholders in this project are the DRC, Zambia, whose Minister of Industry came from Kinshasa, the United Nations Economic Commission for Africa and Afreximbank. The signed framework agreement aims to pave the way for a pre-feasibility… Read More Here

Battery Metals Cobalt Copper International

Value of Battery metals in newly-sold EVs tripled on rampant lithium, nickel prices

March 29, 2023March 29, 2023 Constance

The EV Metal Index, which tracks the value of battery metals in newly registered passenger EVs (including full battery, plug-in and conventional hybrids) around the world, totalled $26.9 billion in 2022, an increase of 232% compared to the prior year. That figure means as much EV battery metal business was done in 2022 than the combined total of the preceding five years. And that came despite pandemic lockdowns for most of the year in the world’s largest EV market and turmoil in Europe, the world’s no. 2 electric car market,… Read More Here

Copper Mining in Zambia

BANKERS UPBEAT ON FQM INVESTMENT PLANS

March 27, 2023March 27, 2023 Constance

First Quantum Minerals’ investments and expansion projects in Zambia have drawn the interest of financiers in the region who recently toured its mine sites in Kalumbila and Solwezi to familiarize themselves with its operations. The visit showcased the economic significance of the investments to the country’s industrialization and diversification agenda within the mining sector and beyond. Representatives from Stanbic Bank, Rand Merchant Bank, Absa Bank and Nedbank relayed their optimistic outlook of country’s mining landscape that followed as a result of government’s policy and investment pronouncements made over the last two years… Read More Here

Copper International

Copper Prices could soar 33% in the next year due to low global Inventories

March 26, 2023March 26, 2023 Constance

Copper prices could spike over the coming year as growing demand from China puts stress on already-thin inventories, according to top metal trader Trafigura. The economic-bellwether commodity currently trades at around $9,000 per metric ton and will likely top the record of $10,845 to potentially go as high as $12,000, said Kostas Bintas, co-head of metals and minerals at Trafigura, at the FT Commodity Global Summit. “I think it’s very likely in the next 12 months that we will see a new high,” he said, according to the Financial Times. “What’s… Read More Here