Copper - Copperbelt Katanga Mining

Glencore Taps Russian Copper to Ease Supply Crunch in China

May 30, 2025May 30, 2025 Constance

Glencore Plc is purchasing Russian copper from the London Metal Exchange (LME) and preparing to ship it to China, underscoring tightening supply conditions in the world’s largest copper-consuming nation. Over the past three trading sessions, about 15,000 tons of copper have been requested for withdrawal from LME warehouses in Rotterdam, drawing available inventories to their lowest level in a year, according to exchange data. People familiar with the matter say Glencore is behind these withdrawals and intends to deliver the Russian-origin copper to China. This move is notable given the… Read More Here

Mining in Zambia Copper New Mining Projects

President Hichilema to Recommission Deep Shaft at Lubambe Mine Amid Renewed Mining Sector Growth

May 30, 2025May 30, 2025 Constance

President Hakainde Hichilema is set to recommission the deep shaft at Lubambe Mine in Chililabombwe, located in Zambia’s Copperbelt Province, on Friday. The announcement was made by Chief Government Spokesperson Cornelius Mweetwa during a press conference held in Choma on Thursday. “On Friday, the President will officiate at the recommissioning of the Lubambe deep shaft, where two deep shafts are either being commissioned or prepared for construction,” said Mr. Mweetwa. He added that this development reflects the positive impact of recent economic growth and a renewed commitment from the business… Read More Here

Mining in Zambia Copper Corporate News

Jubilee Metals Secures Long-Term Feedstock Deal to Boost Copper Production in Zambia

May 30, 2025May 30, 2025 Constance

Diversified metals producer Jubilee Metals has signed a long-term feedstock supply agreement for its Roan concentrator in Zambia, following successful processing trials of high-grade shallow transition copper ore. Production under the new supply deal has already commenced. “This eight-week trial period has confirmed Roan’s unique ability to process transitional copper reefs, which are widely available both at surface and near-surface levels,” said Jubilee Metals CEO Leon Coetzer. Under the agreement, the Roan concentrator will sustain a run-of-mine (ROM) throughput of 35,000 to 40,000 tons per month, producing 240 to 360… Read More Here

International Copper

Chile Raises Copper Price Forecasts Amid Supply Constraints and Improved Trade Outlook

May 29, 2025May 29, 2025 Constance

Chile, the world’s largest copper producer, has raised its price projections for the metal for both this year and next, citing easing trade tensions and global supply disruptions that point to a looming market deficit. According to a report released Wednesday by the Chilean Copper Commission (Cochilco), copper prices are now expected to average $4.30 per pound in 2025 and 2026. This marks an upward revision from the previous forecast of $4.25 for both years. The updated quarterly forecast had been delayed to allow more time for analysis following recent… Read More Here

Mining in Zambia Copper Corporate News New Mining Projects

Minister Kabuswe Commends Progress on FQM’s Kansanshi S3 Expansion

May 28, 2025May 29, 2025 Constance

Minister of Mines and Mineral Development, Hon. Paul Kabuswe, recently conducted a site inspection at First Quantum Minerals’ (FQM) Kansanshi Mining PLC to review progress on the company’s flagship S3 Expansion Project. He was received by FQM Country Manager Dr. Godwin Beene, Kansanshi Mining PLC Assistant General Manager Axel Kottgen, and FQM Corporate Affairs Manager Kyansenga Chitoshi. During the visit, the Minister was briefed on the project’s key milestones and current status. He commended the Kansanshi team for staying on schedule and noted that the visible progress was a clear… Read More Here

Copper Corporate News Mining in Zambia New Mining Projects

Patriot Resources Acquires High-Grade Sugarloaf Copper Deposit in Zambia

May 25, 2025May 25, 2025 Constance

ASX-listed Patriot Resources has announced the acquisition of the high-grade Sugarloaf copper deposit, located in the Mumbwa district of Zambia. The deposit, based on historical drilling data, has an exploration target of between 1.6 million and 2.5 million tonnes at grades ranging from 2.0% to 2.5% total copper, representing an estimated 32,000 to 62,500 tonnes of contained copper. Sugarloaf lies just 4.4 km southeast of Sinomine’s Kitumba copper deposit and its under-construction smelter, which Patriot plans to use for ore processing. “Upon completion of this acquisition, Patriot will hold a… Read More Here

Mining in DRC Copper Corporate News

Dispute Emerges Between Ivanhoe and Zijin Over Kamoa-Kakula Copper Mine Impact

May 25, 2025May 25, 2025 Constance

On Friday, May 23, 2025, Zijin Mining announced it expects a “negative impact” on production forecasts at the Kamoa-Kakula copper mine in the Democratic Republic of Congo (DRC). The announcement follows a seismic event that led to a temporary suspension of underground operations. However, this assessment is disputed by Ivanhoe Mines, Zijin’s joint venture partner and the operator of the mine. Ivanhoe has reiterated its 2025 copper production target of 520,000 to 580,000 tonnes, stating that the temporary slowdown earlier in the week has not altered these expectations. Zijin’s statement… Read More Here

Mining in Zambia Copper Corporate News Gold New Mining Projects

Kansanshi Mine Expansion Nears Completion with Copper Output Set to Rise

May 25, 2025May 25, 2025 Constance

The expansion of the Kansanshi copper and gold mine near Solwezi in Zambia’s North-Western Province is now 80% complete, according to the mine’s Assistant General Manager, Axel Kotten. The upgrade, known as the S3 Expansion Project, aims to significantly increase the mine’s output, reinforcing Zambia’s role as a global copper powerhouse. Minister of Mines and Mineral Development, Hon. Paul Kabuswe, recently visited the site to assess progress and reaffirm the government’s commitment to supporting the mining sector’s growth. Once complete, the expansion is expected to greatly enhance copper production and… Read More Here

Corporate News Copper Mining in DRC

ERG Wins 2024 TXF Deal of the Year for $150M African Copper Financing

May 22, 2025May 22, 2025 Constance

Global metals and mining group Eurasian Resources Group (ERG), headquartered in Luxembourg, has received the ‘TXF Metals and Mining Deal of the Year Award 2024’ for its US$ 150 million pre-export finance facility arranged with Bank of China Limited, London Branch, and Glencore International AG: TXF’s Perfect Ten Commodity Finance Deals of the Year. The facility is supported by a supply agreement for copper cathodes produced by ERG’s Metalkol facility in the Democratic Republic of the Congo (DRC). The award, announced at the TXF Global Natural Resources and Commodity Finance… Read More Here

Mining in DRC Copper Corporate News New Mining Projects

Ivanhoe Mines Reports Temporary Interruption of Underground Mining at Kakula Mine

May 21, 2025May 21, 2025 Constance

Ivanhoe Mines reported yesterday that mining operations are temporarily suspended at the Kakula underground mine at the Kamoa-Kakula Copper Complex, in the Democratic Republic of the Congo. Over the past week, seismic activity was experienced in the eastern section of the Kakula mine, leading to Kamoa Copper’s management team suspending underground operations on Sunday, May 18, 2025. All employees were safely brought above ground in line with protocols, and mobile equipment was removed from the mine workings. No injuries were reported. Senior management and geotechnical specialists have been mobilized to… Read More Here