Copper - Copperbelt Katanga Mining

Glencore to Close Mt Isa Copper Mines After 60 Years as Smelter Faces Uncertain Future 1

Glencore Nears Closure of Mt Isa Copper Mines, Smelter Future Uncertain Glencore is set to close its final two copper mines in Mount Isa, Queensland, this week, marking the end of an era for the company’s upstream copper operations in Australia. The decision comes ahead of a separate determination on the future of the region’s copper smelter, which may also be shut down. A spokesperson for Glencore confirmed that the mines—operational for more than 60 years—are being closed due to declining ore grades, rendering them economically unviable. The company first… Read More Here

Teck Resources Lowers Output Forecast at Chile Copper Mine Amid Operational Setbacks

July 27, 2025July 27, 2025 Constance

Teck Resources Cuts Copper Production Forecast at Quebrada Blanca Mine Due to Tailings and Equipment Issues Teck Resources Ltd. has reduced its 2024 production guidance for its flagship Quebrada Blanca copper mine in Chile, citing ongoing operational challenges that continue to hinder its ramp-up efforts. The large-scale open-pit mine, known as QB2, is located in the high Andes and is experiencing issues related to tailings storage. In its latest earnings statement and conference call on Thursday, Teck disclosed that these issues are not only requiring additional spending but are also… Read More Here

International Copper Corporate News Diamond

Anglo American Sees Copper and Diamond Output Slide as Restructuring Efforts Continue

July 27, 2025July 27, 2025 Constance

Anglo American Reports 13% Drop in Copper Output and 26% Fall in Diamond Production Amid Sluggish Demand Anglo American, the London-listed global mining giant, reported a 13% decline in copper production and a 26% drop in rough diamond output for the first half of 2025, reflecting continued weakness in global demand. Copper output fell to 342,200 metric tons, down from the same period last year. However, the company reaffirmed its full-year copper production guidance of 690,000 to 750,000 tons, slightly lower than the 773,000 tons mined in 2024. Copper remains… Read More Here

International Copper Corporate News

FQM Projects $18M Monthly Cost to Maintain Closed Cobre Panama Mine

July 27, 2025July 27, 2025 Constance

First Quantum Sees Monthly Maintenance Costs Rise at Panama Copper Mine Canadian mining company First Quantum Minerals announced on Wednesday that it expects monthly costs related to the upkeep of its closed Cobre Panama copper mine to rise to approximately $17 million to $18 million. This increase follows Panama’s approval in May of the company’s Preservation and Safe Management (P&SM) plan, which permits First Quantum to export copper concentrate stored at the site and restart the thermoelectric power plant at the mine. Cobre Panama has been shut since 2023, after… Read More Here

Corporate News Copper Mining in Zambia

KCM Launches Major Underground Rail Upgrade to Boost Copper Transport and Output

July 22, 2025July 22, 2025 Constance

KCM Begins $Multi-Million Underground Rail Upgrade to Double Copper Transport at Konkola Mine Konkola Copper Mines (KCM) Plc has launched a transformative underground rail rehabilitation project at its flagship Konkola mine in Chililabombwe, Zambia. The initiative aims to more than double the mine’s copper ore transport capacity—an essential step in accelerating production growth and unlocking the full potential of one of the richest copper deposits in the world. The ambitious project spans nearly 6 kilometers of underground rail and officially commenced on July 2, 2025. It was inaugurated by Vedanta… Read More Here

Mining in Zambia Copper Corporate News Sponsored Content

Into the Earth: Kansanshi’s Underground Story

July 22, 2025July 27, 2025 Constance

How a bold underground engineering project keeps Zambia’s largest copper mine from flooding. There’s no shortage of water in Zambia’s North-Western Province. The region receives an average of 1,500 millimetres of rainfall annually, often more than ten times the national average. Beyond the skies, water also bursts forth from the ground in remarkable abundance. The Kafue and Zambezi rivers originate here, along with the Lunga, Kabompo, and several other vital waterways. But in this water-rich landscape, abundance comes with its own challenges. While seasonal rainfall presents difficulties of its own,… Read More Here

Copper Corporate News Gold New Mining Projects

Tertiary Minerals Starts New Drilling at Mushima North After High-Grade Silver Hits

July 21, 2025September 29, 2025 Constance

Tertiary Minerals Launches 1,500m Drilling Campaign at Mushima North, Zambia After High-Grade Silver, Copper and Zinc Results AIM-listed Tertiary Minerals has commenced a planned 1,500-metre air-core and reverse-circulation (AC/RC) drilling programme at its Mushima North Project in north-west Zambia, focused on Target A1. The programme is designed to test the strike and downdip extensions of the polymetallic mineralisation discovered in late 2024. The follow-up campaign follows encouraging late-2024 results that the company reports as silver-rich intervals with associated copper and zinc — not gold. Reported intersections from the initial programme… Read More Here

Mining in Zambia Copper

Mopani Sets Final Compliance Deadline for Local Contractors

July 20, 2025July 20, 2025 Constance

Non-Compliant Mopani Contractors Face Ban by August 31, 2025: CEO Issues Final Warning Mopani Copper Mines has issued a firm deadline of August 31, 2025, for all local suppliers and contractors to comply with statutory obligations or risk being disqualified from doing business with the mining company. Speaking at a recent stakeholder engagement meeting, Chief Executive Officer Charles Sakanya expressed concern over the low compliance levels among local vendors with key institutions such as the National Pension Scheme Authority (NAPSA) and the Zambia Revenue Authority (ZRA). He revealed that out… Read More Here

Mining in DRC Battery Metals Cobalt Copper Corporate News Mergers & Acquisitions

U.S. Consortium Eyes Strategic Acquisition of Chemaf Amid Critical Mineral Race in DRC

July 18, 2025July 18, 2025 Constance

U.S. Firms Orion and Virtus in Talks to Acquire Congo’s Chemaf Resources as Global Cobalt Race Heats Up A U.S.-based consortium, including former special forces and intelligence veterans, is in advanced talks to acquire Chemaf Resources Ltd., a copper and cobalt producer at the heart of intensifying U.S.-China competition over critical minerals in the Democratic Republic of Congo (DRC). According to sources familiar with the matter, Orion Resource Partners and Virtus Minerals are jointly negotiating the acquisition of Chemaf, which is currently backed by global commodity trader Trafigura Group. While… Read More Here

Mining in Zambia Copper Economy

Zambia Targets 1 Million Tonnes of Copper in 2025 as Mining Sector Rebounds

July 18, 2025July 18, 2025 Constance

Zambia Set to Hit 1 Million Tonnes of Copper in 2025, Eyes 3 Million by 2030 Amid Mining Revival President Hakainde Hichilema has announced that Zambia is on track to produce one million tonnes of copper in 2025—marking a significant milestone toward the government’s long-term goal of reaching three million tonnes annually by 2030. Speaking at the Invest in Zambia Conference in Lusaka, President Hichilema highlighted the country’s renewed mining momentum, powered by a series of strategic reforms designed to unlock dormant mining assets and attract large-scale investment. A key… Read More Here