Copper - Copperbelt Katanga Mining

DRC Central Bank Reports Copper Price Rise Amid Global Trade Adjustments 1

The Central Bank of Congo (BCC) has released its latest economic outlook, covering the period from January 31 to February 7, 2025. The report highlights fluctuations in key commodity prices, reflecting global market dynamics and geopolitical influences. Copper prices rose to $9,412.75 per tonne, marking a 3.68% weekly increase. The report attributes this rise to improved market confidence following the U.S. administration’s decision to postpone new customs duties on imports from key trade partners, including Canada, Mexico, and China. On a year-to-date basis, copper prices have gained 7.10%. In contrast,… Read More Here

Copper International

Peru’s Copper Output Declines for First Time in Four Years

February 15, 2025February 15, 2025 Constance0 comment

Peru’s copper production in 2024 totaled 2,736,150 metric tons, marking a 0.7% decline from 2023, according to the country’s mining ministry. This drop ends four consecutive years of post-pandemic recovery. Industry analysts had anticipated stable production of around 2.8 million metric tons for both 2024 and 2025, citing declining ore grades and a lack of new projects. The Democratic Republic of the Congo surpassed Peru as the world’s second-largest copper producer in 2023, though Congo has yet to release its full-year figures for 2024. Despite the overall decline, Peru’s copper… Read More Here

Corporate News Copper International

First Quantum’s Cobre Panama Arbitration Delayed to 2026

February 14, 2025February 14, 2025 Constance0 comment

First Quantum Minerals announced on Tuesday that the final hearing for the Cobre Panama mine arbitration under the International Chamber of Commerce (ICC) has been postponed to February 2026 from its previously scheduled date in September 2024. The Cobre Panama mine, one of the world’s largest copper producers, was shut down in November 2023 after Panama’s Supreme Court ruled its contract unconstitutional. Widespread environmental protests further pressured authorities to close the operation. The Canadian miner stated that the Panamanian government requested an extension of its arbitration submission deadlines due to… Read More Here

Mining in Zambia Copper Corporate News

First Quantum Takes Cautious Approach to Selling Zambian Mine Stake

February 14, 2025February 14, 2025 Constance0 comment

First Quantum Minerals is in no rush to sell a minority stake in its Zambian copper mines, CFO Ryan MacWilliam told analysts following the company’s fourth-quarter results. The Toronto-based miner aims to secure a long-term partner but has set no fixed timeline for the sale. “We have been consistent throughout that any arrangements we enter into in Zambia will be for the next 25 years,” MacWilliam stated. “It’s really about getting the right agreement rather than a quick agreement.” Saudi Arabian mining firm Manara is reportedly in advanced discussions to… Read More Here

International Copper Corporate News New Mining Projects

Ivanhoe Electric Plans $60 Million Public Offering for Arizona Copper Project

February 14, 2025February 14, 2025 Constance0 comment

Ivanhoe Electric (NYSE American: IE) (TSX: IE) is set to raise $60 million through a public offering of units priced at $5.85 each. The funds will be allocated toward advancing the company’s Santa Cruz copper project in Casa Grande, Arizona. The offering will issue approximately 10.25 million units, each consisting of one common share and one warrant with an exercise price of $7.00 per share. On Wednesday, the stock traded at $6.09 in New York, reflecting a 3% intraday gain and a market capitalization of $733.6 million. Initially targeting $50… Read More Here

New Mining Projects Copper Gold News in Brief

African Pioneer Secures £420,000 to Advance Namibia Copper-Gold Project

February 10, 2025February 10, 2025 Constance0 comment

London-listed African Pioneer has raised £420,000 from existing and new shareholders to advance its Ongombo copper-gold project in Namibia and support activities in Zambia and Botswana. The funds will be used to analyze gold distribution and its association with copper and magnetite quartzite, assess orebody-wide gold distribution, and plan drillholes in underexplored areas. Additionally, external mining and resource consultants will refine resource estimates for open-pit mineralization and provide recommendations for infill drilling to enhance the overall resource base. The capital will also support discussions with a preferred mining contractor for… Read More Here

Copper International

Chile’s Copper Output Rises 4.9% in 2023, Codelco and Escondida Lead Growth

February 10, 2025February 10, 2025 Constance0 comment

Chile, the world’s largest copper producer, recorded a 4.9% increase in copper output in 2023, reaching 5.5 million metric tonnes, according to data released by the Chilean Copper Commission (Cochilco) on Friday. December production saw notable gains, with state-owned Codelco’s output rising nearly 22% to 172,700 tonnes. Meanwhile, BHP’s Escondida mine, the world’s largest copper operation, reported a 51% surge in December production, reaching 133,600 tonnes. However, not all major producers saw growth. Collahuasi, operated jointly by Glencore and Anglo American, experienced a 32% decline in output, producing 41,200 tonnes… Read More Here

Mining in Zambia Copper Events & Expos

ZCCM-IH Highlights Mining and Energy Growth at Mining Indaba 2025

February 10, 2025February 10, 2025 Constance0 comment

At the 2024 Indaba conference in Cape Town, Zambia showcased its mining sector under the theme “Transforming Tomorrow, Delivering Today.” ZCCM Investments Holdings (ZCCM-IH) Board Chairperson, Kakenewa Muyangwa, reaffirmed the company’s commitment to driving economic development and unlocking Zambia’s mining potential. Speaking at the country showcase, Muyangwa emphasized ZCCM-IH’s pivotal role in shaping Zambia’s economic future. “Our mission is to create value for shareholders, contribute to economic growth, and positively impact the communities we serve,” he stated. Over the past year, ZCCM-IH made significant strides in “delivering today” by unlocking… Read More Here

Mining in Zambia Copper Economy Events & Expos

Zambia Emphasizes Copper Production Growth to 3 Million Tonnes by 2032 At Mining Indaba

February 10, 2025February 10, 2025 Constance0 comment

Zambia made a commanding statement at the 2025 Mining Indaba, drawing global attention with a packed Country Showcase that underscored its rising influence in the mining sector. As Africa’s second-largest copper producer and an emerging hub for critical minerals like cobalt and lithium, Zambia positioned itself as a premier investment destination, backed by stable policies and ambitious production targets. The Zambian government laid out an aggressive plan to ramp up copper output to 3 million tonnes per year by 2032. Finance Minister Dr. Situmbeko Musokotwane emphasized the nation’s commitment to… Read More Here

Mining in Zambia Copper Corporate News New Mining Projects

Jubilee Metals Boosts Copper Production in Zambia with High-Grade Feed at Roan

February 10, 2025February 10, 2025 Constance0 comment

London- and Johannesburg-listed Jubilee Metals has restarted its Roan operations in Zambia following stable power restoration. The company is also accelerating copper production by prioritizing the processing of newly secured high-grade copper feed. In response to power outages that disrupted operations in December and January, Jubilee implemented a new power agreement on January 20. With production stability restored, the company has shifted its focus to maximizing output and operational efficiency. Jubilee is prioritizing high-grade copper feed while reviewing options to trade surplus lower-grade stock that does not align with short-… Read More Here