Copper - Copperbelt Katanga Mining

Panama gives FQM go-ahead to operate Port Terminal

March 13, 2023March 13, 2023 Constance

Panama’s Maritime Authority has lifted a suspension on First Quantum Minerals’ operations at the port of Punta Rincon, which the Canadian company uses to export copper concentrate from its key Cobre Panama mine, company sources said late on Friday 10th March. Two spokespersons for Minera Panama, First Quantum’s Panama unit, told Reuters the suspension dated Jan. 26 had been ended, which was confirmed by a source at the Maritime Authority. The company, which spent weeks at loggerheads with Panama over Cobre Panama, had said that once the suspension ended, it would be… Read More Here

Copper International

US Copper scrap Exports rise as top Importers change and Domestic demand lags

March 13, 2023March 13, 2023 Constance

While domestic copper demand has remained low, US exports of copper scrap continued to grow in 2022, rising 1.54% over 2021 levels, according to US International Trade Commission data Over the course of 2022, US exports to Malaysia fell by 56.05% to 167,686 tonnes, down 93,990 tonnes from the previous year. This decrease was offset by increases in exports to China and India, which rose by 23.19% (up 60,893 tonnes) and 64.11% (up 37,034 tonnes), respectively. “I think the only thing that kept the domestic market was the export… Read More Here

Copper Mining in Zambia

MOPANI & PROSPERO GET-TOGETHER TO TRAIN MDI AND NEAWAZ MEMBERS

March 10, 2023March 10, 2023 Constance

THIS week Mopani Copper Mines Plc in collaboration with Prospero Limited held a productive training on the Incubation and Hatchery Initiative for Miners for Diversification Initiative (MDI) and National Ex-Miners and Allied Workers Association of Zambia (NEAWAZ) members in Mufulira and Kitwe. In Mufulira, the training was graced by His Worship, the Mayor of the mining town, Mr Tanaeli Kamanga. The collaboration between Mopani and Prospero was to implement Part 3, in a series of interventions to build capacity and resilience in the two associations, MDI and NEAWAZ. This speaks… Read More Here

Copper Mining in DRC

Gécamines Board of Directors presents their work Plan to Félix Tshisekedi

March 9, 2023March 9, 2023 Constance

The President of the Republic, Félix Antoine Tshisekedi Tshilombo, received, in his office in the city of the AU, this Tuesday, March 7, 2023, the Board of Directors of Gecamines. Newly appointed by presidential order, the nine members of the board of directors of the General of Quarry and Mines, Gecamines, in acronym, came to thank the Head of State for their appointment and to present their work plan to him with a view to revitalize this national flagship of the mining industry in the DRC. The new management team… Read More Here

Events & Expos Battery Metals Cobalt Copper International Lithium Nickel

Battery Metal frenzy outshines Recovery fears at PDAC

March 9, 2023March 9, 2023 Constance

Tepid global demand for metals driven by recession fears and China’s weak economic recovery have done little to shake the belief among miners that battery materials are heading for an epic bull run. That was the sentiment of thousands of executives, investors, government officials and bankers who crammed into a conference center in Toronto for the past four days to showcase their assets, network and strike deals. For the event organizer, the Prospectors & Developers Association of Canada gathering highlighted the industry’s push to be part of the solution in… Read More Here

Copper Mining in Zambia Mining Personality

ZCCM-IH Announces changes of Board of Directors

March 9, 2023March 9, 2023 Constance

ZCCM-IH wishes to inform its shareholders that Mr. Gregory Chomba Kabwe resigned from the Company’s Board of Directors effective 2nd March 2023. The ZCCM-IH Board wishes to thank Mr. Kabwe for his contributions to the Company and wishes him well in his future endeavours. The Board further wishes to announce the appointment of Mrs. Masitala Nanyangwe Mushinga as Non-Executive Director on the ZCCM-IH Board effective 7th March 2023. Read More Here

Marula Mining establishes Lithium and Copper subsidiary

March 8, 2023March 8, 2023 Constance

Marula Mining has announced the establishment of Muchai Mining, an 80% owned Zimbabwean operating subsidiary of Marula. Muchai Mining has been established to focus on securing near-term and advanced lithium and copper mining and development opportunities in Zimbabwe’s fast growing and highly attractive battery metals sector. And Jason Brewer, Marula Mining CEO, said, “The decision to establish Muchai Mining is the result of extensive due diligence and careful consideration of various opportunities in the region. Our team has been on the ground since the beginning of the year, and we… Read More Here

International Battery Metals Cobalt Copper Lithium Nickel

Battery metals projects catch eye of Pension funds and Carmakers

March 8, 2023March 8, 2023 Constance

Critical minerals projects are attracting newfound interest from pension funds and automakers to help tackle a looming shortage of battery metals, say some of Canada’s top investment bankers. The rush for metals like lithium, copper and nickel needed to power electric vehicles has “clearly brought the sector into a spotlight that it wasn’t in a few years ago,” Ilan Bahar, global mining co-head at BMO Capital Markets, said during a Monday panel discussion at a mining conference in Toronto. Bank of Montreal’s investment banking business has seen more interest from… Read More Here

International Copper

How zircon helps Identify Untapped Copper deposits

March 6, 2023March 9, 2023 Constance

New research shows that it is possible to mine zircon textures to identify valuable mineral deposits. In a paper published in the Journal of Geophysical Research: Solid Earth, Chetan Nathwani and his colleagues at Imperial College London explain that zircons are common, hardy minerals that can be found in rocks up to 4 billion years old. Their structure and texture can reflect the conditions in which they formed, earning them a reputation as nature’s time capsules. Knowing this, Nathwani and his team developed a method to distinguish minute differences between zircon grains formed… Read More Here

International Copper

First Quantum losing US$8M a day on Cobre Panama halt

March 5, 2023March 5, 2023 Constance

First Quantum Minerals says it’s experiencing losses of up to US$8 million a day due to the suspension of ore processing and port loading affecting its giant copper mine in Panama. In a letter sent this week to the country’s Maritime Authority (AMP), the chief executive of First Quantum’s local unit, Minera Panama, said the halt ordered last week has had a domino effect. CEO Alan Delaney warned the longer activities are suspended, the greater the “exponential and irreparable damage to the company and stakeholders, including the workforce.” He noted the government’s measure,… Read More Here