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Category: Copper

Kamoa-Kakula Management are Advancing Works to Reopen the Western Side of Kakula Mine 1 Mining in DRC Copper 

Kamoa-Kakula Management are Advancing Works to Reopen the Western Side of Kakula Mine

Constance
Ivanhoe Mines to provide next week plans for reopening the western side and restart of the eastern side of Kakula Mine Ivanhoe Mines announced yesterday that following the temporary suspension of underground operations at the Kakula Mine announced on May 20, 2025, senior management continues to work alongside world-leading engineering experts to safely and conservatively restart mining operations. Kamoa Copper’s engineering teams are currently updating the short-, medium-, and long-term plans to resume operations on both the western and eastern sides of the Kakula Mine. Subject to dewatering progress, underground… Read More Here
North Western Corridor Set to Transform Copper Exports from DRC to Namibia 2 Mining in DRC Copper Mining in Zambia 

North Western Corridor Set to Transform Copper Exports from DRC to Namibia

Constance
The Walvis Bay Corridor Group (WBCG) is advancing plans to establish a transformative trade route connecting Kolwezi in the Democratic Republic of Congo (DRC) to Walvis Bay in Namibia. Dubbed the “North-Western Corridor,” this strategic initiative aims to offer a faster, shorter, and more efficient logistics alternative to the region’s current, overburdened routes. At present, mineral exports from the DRC and Zambia travel through the congested Copperbelt and the heavily used Kasumbalesa border post, causing frequent delays and increased transportation costs. The new corridor is designed to bypass these bottlenecks,… Read More Here
Uncertainty Deepens at Kamoa-Kakula After Seismic Flooding Disrupts Key Copper Mine 3 Mining in DRC Copper Corporate News 

Uncertainty Deepens at Kamoa-Kakula After Seismic Flooding Disrupts Key Copper Mine

Constance
More than a week after seismic activity triggered severe flooding underground, the status of one of the world’s most significant copper mines—Kamoa-Kakula in the Democratic Republic of Congo (DRC)—remains unclear, casting uncertainty over global copper supply. The mine, operated by Canada’s Ivanhoe Mines and co-owned by China’s Zijin Mining and CITIC Metal, had been on track to become the world’s third-largest copper producer this year. However, recent flooding and infrastructure damage have jeopardized those plans. Conflicting reports from Ivanhoe and its Chinese partners have only added to the confusion. Ivanhoe… Read More Here
President Hichilema Reopens Lubambe Mine Under Chinese Ownership 4 Mining in Zambia Copper New Mining Projects 

President Hichilema Reopens Lubambe Mine Under Chinese Ownership

Constance
CHILILABOMBWE, ZAMBIA – President Hakainde Hichilema has officially re-launched operations at Lubambe Copper Mine Limited in Chililabombwe, under the new ownership of Chinese firm JCHX Mining Limited, marking a new chapter in Zambia’s mining revival and strategic partnership with China. Speaking during a ceremony held at the mine, President Hichilema highlighted the tangible benefits emerging from Zambia’s strengthened cooperation with China, citing ongoing developments such as the 28 Shaft project in Luanshya, the revitalization of Mulungushi Textiles in Kabwe, and the significant investment in sinking two new shafts at Lubambe.… Read More Here
Cobre Panama Mine to Remain Shut as Govt Backs Safety Plan Only 5 Copper Corporate News International Mining safety 

Cobre Panama Mine to Remain Shut as Govt Backs Safety Plan Only

Constance
PANAMA CITY – The Panamanian government has approved a maintenance and environmental management plan for First Quantum Minerals’ shuttered Cobre Panama copper mine, but emphasized that the mine will not be reopened at this time, Trade and Industry Minister Julio Molto announced on Friday. Molto clarified that the approved plan focuses solely on care and environmental safety measures required following the mine’s abrupt closure by government order in late 2023, under the previous administration. “The mine is not being reopened. We’re authorizing the implementation of a care and safe management… Read More Here
New US-Zambia Copper-Cobalt Venture Launched with $100M Investment 6 Mining in Zambia Battery Metals Cobalt Copper New Mining Projects 

New US-Zambia Copper-Cobalt Venture Launched with $100M Investment

Constance
US-based critical minerals developer Terra Metals and resource investment firm Metalex Commodities have finalized an agreement to establish Lunda Resources, a new copper and cobalt production venture in Zambia that both companies describe as a potential “powerhouse” in the global critical minerals market. A formal signing ceremony is set to take place at the US Embassy in Lusaka, underscoring the initiative’s alignment with US government priorities on securing critical mineral supply chains. In a statement released Wednesday, Terra Metals said the agreement represents a significant diplomatic and commercial milestone for… Read More Here
Glencore Taps Russian Copper to Ease Supply Crunch in China 7 International Copper Corporate News 

Glencore Taps Russian Copper to Ease Supply Crunch in China

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
President Hichilema to Recommission Deep Shaft at Lubambe Mine Amid Renewed Mining Sector Growth 8 Mining in Zambia Copper New Mining Projects 

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

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
Jubilee Metals Secures Long-Term Feedstock Deal to Boost Copper Production in Zambia 9 Mining in Zambia Copper Corporate News 

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

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
Chile Raises Copper Price Forecasts Amid Supply Constraints and Improved Trade Outlook 10 International Copper 

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

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

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