Copper - Copperbelt Katanga Mining

Chile Projects Copper Output Growth Amid Global Competition

January 17, 2025January 17, 2025 Constance0 comment

Chile, the world’s leading copper producer, is set to increase its copper output to 5.54 million metric tons by 2034, marking a 5.6% rise from 2023 levels, according to the state-run copper commission Cochilco. In 2024, Chile accounted for 23.6% of global copper production. By 2034, Cochilco anticipates this share will rise to 27.3%, further cementing the country’s dominance in the copper market. Despite this growth, fluctuations in annual output are expected due to challenges such as aging mines. Cochilco predicts that Chile’s copper production will peak at 6.07 million… Read More Here

Mining in Zambia Copper Press Release

Kansanshi Mining PLC Condemns Alleged Misconduct and Supports Investigation

January 14, 2025January 14, 2025 Constance0 comment

(Solwezi, Zambia) – 13.01.25 Kansanshi Mining PLC is aware of serious allegations circulating on social media relating to construction contractors temporarily attached to our operations.Kansanshi Mining PLC condemns in the strongest possible terms any form of abuse, exploitation, or behaviour that violates the rights and dignity of individuals, particularly vulnerable members of our community. We are deeply concerned about the allegations and want to reassure the public that we take these matters with the utmost seriousness. As a responsible corporate citizen, we are cooperating fully with the police and relevant… Read More Here

Mining in Zambia Copper Corporate News Electricity

Jubilee Metals Faces Copper Production Setback in Zambia Due to Power Constraints

January 13, 2025January 13, 2025 Constance0 comment

Jubilee Metals Group, a diversified metals producer listed on Aim and AltX, reported a shortfall in copper production at its Roan operation in Zambia due to power constraints. In its operational update for the six months ending December 31, which marks the first half of its 2025 financial year, the company revealed that copper production in Zambia totaled 1,454 tonnes, down from 1,683 tonnes during the same period in the 2024 financial year. The figure also fell short of the revised target of 1,800 tonnes. Despite this, Jubilee reported a… Read More Here

Mining in Zambia Copper Economy

Chinese Investments Strengthen Copperbelt Mining Sector and Economic Growth in Zambia

January 13, 2025January 13, 2025 Constance0 comment

Copperbelt Minister Elisha Matambo has highlighted a surge in Chinese investment in the province’s mining sector, which has significantly boosted economic activity. Speaking at a Rongxing Mining Company event in Kitwe honoring employees in 2024, Mr. Matambo acknowledged the positive impact of Chinese investments on the Copperbelt’s economy. He urged mining companies in the region to prioritize fair wages and ensure decent working conditions for their employees. Kalulushi District Commissioner Kelly Jibinga also commended Rongxing Mining Company for its contributions to the district, emphasizing the importance of partnerships that foster… Read More Here

Mining in Zambia Copper Economy

Zambia to Benefit from Rising Copper Prices in 2025

January 12, 2025January 12, 2025 Constance0 comment

Senior Economist Andrew Nsunge believes Zambia stands to benefit significantly from the anticipated rise in copper prices in 2025. Mr. Nsunge emphasized the need for Zambian businesses to increase their supply to the mining sector, enabling more indigenous Zambians to capitalize on the growth. He also suggested that Zambians could benefit further by becoming more involved in copper transportation. In a phone interview with ZNBC News, Mr. Nsunge stressed the importance of implementing and enforcing policies that support the participation of local businesses in the mining industry. He attributed the… Read More Here

Mining in Zambia Copper

Zambia’s Northwestern Mining Boom Creates 30,000 Jobs and Boosts Copper Outlook

January 12, 2025January 12, 2025 Constance0 comment

The mining sector in Northwestern Province generated an additional 30,000 jobs last year, driven by major projects like the $2 billion expansion at Barrick’s Lumwana superpit. Minister of Northwestern Province, Robert Lihefu, highlighted the impressive growth of the sector in the region, noting that three major projects—Barrick’s Lumwana mine, Kansenseli Gold Mine, and the Kalengwa Mine, which was reopened by President Hakainde Hichilema in November after 46 years of closure—accounted for approximately 27,000 jobs. The remaining 3,000 jobs were created by smaller mining operations within the province. Looking ahead, the… Read More Here

Mining in Zambia Copper Economy

Zambia Poised to Achieve 1 Million Tonnes of Copper Output by Late 2025

January 12, 2025January 12, 2025 Constance0 comment

Copper production in Zambia is forecasted to reach one million tonnes annually by the close of 2025, according to the Ministry of Mines. Permanent Secretary Hapenga Kabeta attributes this growth to increasing production levels at key mining operations, including Barrick Lumwana, Trident in Kalumbila, and Kansanshi Mines. This achievement represents significant progress toward President Hakainde Hichilema’s ambitious target of three million tonnes annually by 2030. Copper production has been steadily climbing since 2022, shortly after President Hichilema assumed office. In a notable turnaround, operations resumed at Mopani Mines and Konkola… Read More Here

Mining in DRC Copper Corporate News Press Release

Ivanhoe Mines provides update to 2025 capital expenditure guidance

January 12, 2025January 12, 2025 Constance0 comment

Ivanhoe Mines’ (TSX: IVN) (OTCQX: IVPAF) Executive Co-Chair Robert Friedland and President Marna Cloete announced the company’s fourth quarter and full-year production results for the Kamoa-Kakula Copper Complex in the Democratic Republic of the Congo (DRC) and the ultra-high-grade Kipushi zinc mine, also in the DRC. In addition, the company has announced its 2025 production guidance for Kamoa-Kakula and Kipushi, as well as updated 2025 group capital expenditure guidance. Kamoa-Kakula delivered record production in 2024 of 437,061 tonnes of copper in concentrate, a 12% year-on-year increase, following the ramp up… Read More Here

International Copper

Chile’s year-end copper windfall signals mines are recovering

January 9, 2025January 9, 2025 Constance0 comment

Chile’s copper export revenue jumped in December, despite lower prices for the metal, indicating that mines in the top-producing country extended a recovery from the lowest levels in two decades. The sales were up 10% from November and 13% compared with the same month a year earlier, at $4.66 billion, according to data released Tuesday by Chile’s central bank. The increase comes despite average monthly prices continuing to decline — to $4.16 a pound in December from a peak of $4.73 in May. Supply from a country that accounts for… Read More Here

Mining in Zambia Copper New Mining Projects

Zambia’s Nationwide Geological Mapping Survey Progresses

January 9, 2025January 12, 2025 Constance0 comment

On August 14, President Hakainde Hichilema launched Zambia’s first-ever high-resolution geological mapping survey to identify areas with untapped mineral deposits. This ambitious initiative is part of the government’s strategy to boost mineral exploration and achieve the goal of producing three million tons of copper annually by 2031. The survey, which employs advanced aerial geophysical technology, has already covered significant portions of the Western and North-Western provinces. Mines Permanent Secretary Hapenga Kabeta revealed that the survey divides the country into four zones, with Zone A focusing on these two regions. “Areas… Read More Here