Copper - Copperbelt Katanga Mining

Ivanhoe Mines Reports Significantly Increased Hydroelectric Power Availability for Kamoa-Kakula 1

Ivanhoe Mines’ (TSX: IVN) (OTCQX: IVPAF) Executive Co-Chair Robert Friedland and President & Chief Executive Officer Marna Cloete announced today, alongside the company’s first-quarter production results, that Kamoa-Kakula has reached a major turning point following a significant increase in imported hydroelectric power in recent weeks enabling the start-up of the new on-site copper smelter. Imported hydroelectric power increased by 20 megawatts (MW) to 70 MW in mid-March. Imported hydropower is expected to increase further to 100 MW imminently, representing a 100% increase over recent weeks. Kamoa-Kakula delivered record production during… Read More Here

Mining in DRC Cobalt Copper

China Molybdenum’s DRC Operations Drive Record Growth and Strategic Dominance

April 6, 2025April 6, 2025 Constance

Mining giant China Molybdenum Co. Ltd. (CMOC)—a key player in the Democratic Republic of Congo through its operations at Tenke Fungurume Mining (TFM) and Kisanfu Mining (KFM)—achieved a significant milestone in 2024, posting impressive financial and operational results that solidify its status among the world’s top producers of strategic metals. According to the company, net profit attributable to shareholders rose by 64% to USD 1.9 billion, while revenue increased by 14.37% to reach USD 29.85 billion. CMOC also reported exceptional growth in operating cash flow, which surged by 108.38% to… Read More Here

Mining in Zambia Copper Economy

IRH Invests Over $800 Million in Mopani Copper Mines to Drive Growth and Sustainability

April 5, 2025April 5, 2025 Constance

International Resources Holdings (IRH) has committed over $800 million towards revitalizing Mopani Copper Mines on Zambia’s Copperbelt, marking a significant milestone in the country’s mining sector. This investment is part of a broader $1 billion initiative aimed at enhancing production capacity and promoting long-term sustainability at the mine. Mopani Copper Mines’ CEO, Charles Sakanya, confirmed the financial injection, emphasizing its role in modernizing operations and fostering future growth. The funds will be used to improve infrastructure, boost operational efficiencies, and create opportunities for local suppliers and contractors. During a recent… Read More Here

Mining in Zambia Copper Economy

Zambia Targets 1 Million Tons of Copper in 2025 as Mine Revivals Boost Output

April 5, 2025April 5, 2025 Constance

Zambia’s copper production is expected to reach approximately 1 million metric tons in 2025, up from an estimated 820,000 tons in 2024, according to Finance Minister Situmbeko Musokotwane. This projected 22% year-over-year increase signals a major recovery for Africa’s second-largest copper producer and reflects a broader resurgence in the country’s mining sector. The growth is being fueled by the revival of key operations, including the Lubambe, Luanshya, and Kalengwa mines. Despite falling short of the 1 million-ton target in previous years, the government remains committed to reaching its long-term goal… Read More Here

Mining in DRC Copper Energy

Kamoa Copper Signs Landmark Deal for Africa’s First Solar Baseload Plant

April 5, 2025April 5, 2025 Constance

Kamoa Copper S.A. has signed a landmark power purchase agreement (PPA) with CrossBoundary Energy to supply baseload renewable energy to the Kamoa-Kakula Copper Complex near Kolwezi, in the Democratic Republic of the Congo (DRC). This marks a significant milestone in the region’s shift toward sustainable mining operations. Kamoa Copper is a joint venture between Ivanhoe Mines, Zijin Mining Group, and the DRC government, which holds a 20% ownership stake. The Kamoa-Kakula complex is the largest copper mine in Africa, with an annual production capacity of approximately 600,000 tonnes. The on-site… Read More Here

Mining in Zambia Copper Exploration New Mining Projects

Ivanhoe Mines Commences Giant Copper Exploration Program in Zambia

April 5, 2025April 5, 2025 Constance

Executive Co-Chair Robert Friedland and President & Chief Executive Officer Marna Cloete have announced that the company has been granted by the Government of the Republic of Zambia a vast, 7,757-square-kilometre package of new exploration licences in the highly-prospective North-Western Province of Zambia. Ivanhoe’s thesis behind the strategically selected licence package is to explore for an extension of the Central African Copperbelt. As announced on September 10, 2024, a memorandum of understanding (MOU) was signed between Ivanhoe Mines and the Republic of Zambia’s Ministry of Mines and Minerals Development (Ministry of… Read More Here

Mining in Zambia Copper

ZCCM-IH Faces Arbitration Proceedings Over Trafigura Payment Dispute

April 1, 2025April 1, 2025 Constance

LUSAKA – ZCCM Investments Holdings Plc (LUSE: ZCCM-IH) has informed its shareholders and the investing public of ongoing confidential arbitration proceedings initiated by Trafigura Pte Limited. The arbitration, filed under the London Court of International Arbitration (LCIA) Rules 2020 on February 24, 2024, follows Trafigura’s demand for payment made on November 21, 2023. The dispute relates to a guarantee signed on July 28, 2021, by ZCCM-IH’s then-CEO. The guarantee was provided as security for a ZMW 1.663 billion (approximately US$100 million) prepayment agreement between Trafigura and Konkola Copper Mines Plc… Read More Here

International Copper

Codelco Shifts Copper Sales to U.S. Amid Trade Uncertainty

March 31, 2025March 31, 2025 Constance

Codelco, the world’s largest copper producer, is redirecting some of its spot sales to the United States, CEO Rubén Alvarado announced on Friday. This move follows U.S. President Donald Trump’s February directive to investigate potential tariffs on copper imports, an effort aimed at revitalizing domestic production. The announcement has fueled a surge in copper demand. Alvarado expressed confidence in copper’s long-term market fundamentals and dismissed concerns over potential sanctions or tariffs. “We are committed to meeting the needs of our U.S. clients and have adjusted part of our spot sales… Read More Here

Copper Corporate News International

FQM Suspends Public Tours of Panama Copper Mine Amid Govt Pressure

March 27, 2025March 27, 2025 Constance

First Quantum Minerals announced on Thursday that it will halt public tours of its shuttered copper mine in Panama following concerns raised by President José Raúl Mulino that the company should not create the impression that the site remains operational. Speaking at a press conference earlier that day, Mulino clarified that no discussions had taken place with First Quantum regarding the mine’s future. The Panamanian government ordered its closure in late 2023 after widespread public protests over environmental concerns. “I don’t want them to give the impression that the mine… Read More Here

International Copper Corporate News Gold

Zijin Mining Sees 52% Profit Growth Amid Rising Copper and Gold Prices

March 26, 2025March 26, 2025 Constance

Zijin Mining Group, China’s largest metals producer, reported a 52% surge in profit for the past year, driven by higher copper and gold prices, as well as increased production. Net income rose to 32.1 billion yuan ($4.4 billion), while sales climbed 3.5% to 303.6 billion yuan, according to an exchange filing. The company had initially expected earnings to increase by 53%, reaching 32 billion yuan. Over the past decade, Zijin has expanded aggressively, becoming a significant global copper supplier through major new projects in the Democratic Republic of Congo and… Read More Here