Copper - Copperbelt Katanga Mining

Patriot Resources Begins Drilling at New Copper Prospect in Zambia

June 30, 2025June 30, 2025 Constance

Australian mining company Patriot Resources announced on Monday the commencement of drilling operations at its newly identified Copper Top Hill prospect, located approximately 850 metres northeast of the Sugarloaf copper deposit in Zambia’s Central Copperbelt. The Copper Top Hill prospect was recently delineated following geological mapping and surface sampling, which revealed visible copper mineralisation extending along strike for over 800 metres. Based on these findings, Patriot formally designated the area as a new discovery within the Sugarloaf licence. Rock chip samples collected from the site returned copper grades of up… Read More Here

Copper Corporate News International

FQM Resumes Copper Shipments from Panama Amid Hopes for Mine Restart

June 29, 2025June 29, 2025 Constance

First Quantum Minerals Ltd. has resumed shipments of copper concentrate from its Cobre Panama mine, 19 months after operations were halted by Panama’s Supreme Court, which ruled the mine’s license unconstitutional. On June 18, a bulk carrier named Lipsi departed from Punto Rincón, First Quantum’s private port used exclusively for exporting concentrate from the Cobre Panama operation, according to Bloomberg data. The ship, which can carry around 35,000 deadweight tons, is reportedly en route to deliver its cargo to German copper smelter Aurubis AG, according to sources familiar with the… Read More Here

New Mining Projects Copper International

Angola to Begin Copper Production Mavoio Mine in September

June 27, 2025June 27, 2025 Constance

The Mavoio copper mine, located in the municipality of Maquela do Zombo in Angola’s Uíge Province, is set to begin operations this September, entering its first phase of production with an expected output of 2,500 tons of copper per day. This marks a significant step for the country’s mining industry and regional development. According to a statement from the provincial government of Uíge, the mine has a total exploration capacity of 4,000 tons per day. The project spans an area of 2,000 square kilometers and includes both open-pit and underground… Read More Here

Mining in Zambia Copper Corporate News

Zambian Court Adds State Miner to Lawsuit Over Mopani Copper Sale

June 27, 2025June 27, 2025 Constance

A Zambian court has added the state-owned mining company, ZCCM Investments Holdings Plc, to a lawsuit filed by an opposition lawmaker challenging the recent sale of Mopani Copper Mines. According to a regulatory statement issued Thursday, ZCCM was joined to the case on June 20, 2025. The case centers on a transaction finalized in 2024, which transferred control of Mopani to a new investor. Miles Sampa, a former Deputy Minister of Commerce and current opposition Member of Parliament, argues that the sale constitutes the disposal of a major state asset.… Read More Here

International Copper Corporate News New Mining Projects

Ivanhoe Electric Advances Streamlined Copper Project Toward 2028 Production

June 27, 2025June 27, 2025 Constance

Working in close collaboration with expert industry consultants, our team has developed a highly optimized underground mine plan and a simplified heap-leach processing design. The result is a project with low upfront capital requirements, reduced operating costs per unit, and high copper recovery rates. Located on private land, the project benefits from a more efficient permitting process. Ivanhoe Electric aims to begin copper production by 2028. Financing efforts are already underway, bolstered by a letter of interest from the U.S. Export-Import Bank, which could provide up to $825 million in… Read More Here

International Copper

Rising Capital Costs Threaten New Copper Mine Developments

June 26, 2025June 30, 2025 Constance

The rising cost of capital is emerging as a major challenge for the development of new copper mines, driven by resurgent inflation and soaring infrastructure expenses, according to First Quantum Minerals CEO Tristan Pascall. Speaking at the London Indaba conference, Pascall highlighted that the mining industry is now facing some of the highest capital costs among global sectors. “We now face one of the highest capital costs available,” said Pascall. “The reality is we have to turn to financial markets to develop these large-scale projects, and even the biggest mining… Read More Here

International Copper

Communities Rally for Reopening of Cobre Panama Mine Amid Economic Fallout

June 24, 2025June 24, 2025 Constance

Thousands of former workers, local residents, and members of supplier companies marched on Sunday in the town of Penonomé, Panama, urging President José Raúl Mulino to initiate dialogue on the potential reopening of the Cobre Panama copper mine, according to El Capital Financiero. The mine, operated by Minera Panamá—a subsidiary of Canada’s First Quantum Minerals (TSX: FM)—was shut down after Panama’s Supreme Court ruled in 2023 that its operating contract was unconstitutional. The decision halted operations at the country’s only large-scale mining project. The ruling followed mounting legal challenges and… Read More Here

Mining in Zambia Copper Energy

Kansanshi Mining Plc Commissions K1.7 Million Solar Power System at Kwambula

June 20, 2025June 20, 2025 Constance

FQM`s Kansanshi Mining Plc has officially commissioned a state-of-the-art 120 kWh solar power system at Kwambula Trades Training Institute, representing a K1.7 million investment. The project ensures a reliable and sustainable energy source for both Kwambula and the Solwezi Trades Training Institute’s administration block, ending their dependency on diesel generators during Zambia’s ongoing power crisis. Speaking on behalf of Kansanshi’s General Manager, Training Manager Charlie Watt emphasised the company’s broader commitment to education in Solwezi. In addition to the solar system, Kansanshi is currently investing over K12 million in infrastructure… Read More Here

International Copper

Signs of Progress Emerge for FQM’s Panama Mine Restart

June 20, 2025June 20, 2025 Constance

First Quantum Minerals is beginning to see promising developments for its shuttered copper mine in Panama, though the country’s president has cautioned that significant hurdles remain before a full restart is possible. The Canadian mining company has started preparing to ship approximately 120,000 metric tons of semi-processed copper that has remained stranded since the mine’s closure in late 2023, according to sources familiar with the situation. In a related move, Franco-Nevada — which holds a supply agreement with the mine — has agreed to suspend its arbitration case against Panama.… Read More Here

Mining in Zambia Copper Economy

ZCCM-IH Projects Over 1,000% Surge in EPS Following Mopani Transaction

June 20, 2025June 20, 2025 Constance

Diversified mining investments and operations company ZCCM Investments Holdings Plc (ZCCM-IH) expects its earnings per share (EPS) for the year ended December 31, 2024, to rise by approximately 1,077% year-on-year. This substantial increase is primarily attributed to the successful completion of the Mopani Copper Mines strategic equity partner (SEP) transaction, which transformed Mopani into a financially sustainable entity. The deal also enabled the settlement of ZK44.72 billion (US$1.71 billion) in debt owed to Glencore/Carlisa. As part of the transaction, ZCCM-IH recorded a one-time gain of ZK35.92 billion (US$1.41 billion) and… Read More Here