Copper - Copperbelt Katanga Mining

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

Events & Expos Copper

First Quantum Minerals’ Zambian Country Manager Joins African Mining Week (AMW) 2025

June 20, 2025June 20, 2025 Constance

LUSAKA, Zambia, June 20, 2025/APO Group/ — Godwin Beene, Country Manager for Zambia at mining firm First Quantum Minerals, will speak at the upcoming African Mining Week (AMW) conference – Africa’s premier event for the mining sector. During the event, Beene will join a high-level panel discussion titled Zambia: Accelerating Exploration and Development Through License Allocation and Global Partnerships, where he is expected to share insights into the company’s Zambian strategy. Beene’s participation at AMW 2025 comes as Zambia intensifies efforts to attract global investment and scale-up copper production to… Read More Here

Mining in DRC Copper Exploration New Mining Projects

Barrick Mining Sets Sights on DRC Copper as Exploration Begins in Haut Katanga

June 16, 2025June 16, 2025 Constance

Barrick Mining, best known for its gold operations through its Kibali subsidiary in Doko, has begun copper exploration efforts in Haut-Katanga, Democratic Republic of Congo (DRC), signaling a potential expansion into the country’s critical copper sector. For the past two years, Barrick has held exploration permits in the mineral-rich Haut-Katanga province, allowing it to carry out copper prospecting activities. These developments were confirmed by Cyril Mutombo, Barrick’s Country Director, during a press conference held on Thursday, June 12, 2025, at the Karavia Hotel in Lubumbashi, on the sidelines of DRC… Read More Here

International Copper Corporate News

Sinomine Halts Tsumeb Smelter Operations Amid Global Copper Concentrate Shortage

June 15, 2025June 15, 2025 Constance

Sinomine Resource Group announced on Friday that it has temporarily suspended copper smelting operations at its Tsumeb facility in Namibia due to a global shortage of copper concentrate. The shortage comes amid a rapid increase in global smelting capacity, which has outpaced the supply of copper ore. The Tsumeb smelter, one of the few facilities worldwide capable of processing arsenic- and lead-rich copper concentrates, was acquired by Sinomine from Dundee Precious Metals in 2024. With an annual processing capacity of 240,000 metric tons, the plant has previously handled copper concentrate… Read More Here

Mining in DRC Copper Corporate News

Ivanhoe Mines Cuts 2025 Copper Guidance After Seismic Flooding Disrupts Kamoa-Kakula Operations

June 15, 2025June 15, 2025 Constance

Ivanhoe Mines has lowered its 2025 copper production forecast for the Kamoa-Kakula complex in the Democratic Republic of Congo (DRC), following a temporary suspension of underground operations at the Kakula mine due to severe flooding caused by seismic activity. The incident, which occurred on May 18, forced a full shutdown of the Kakula underground mine and triggered an extensive geotechnical review. In response, Ivanhoe has implemented a revised short-term mine plan. Underground mining resumed on the western side of the Kakula mine over the past weekend, with operations on the… Read More Here

Mining in Zambia Copper Corporate News

FQM Trident Strengthens Zambia’s Mining Sector with Record Production and Sustainability Efforts

June 10, 2025June 10, 2025 Constance

Solwezi, Zambia – FQM Trident, a subsidiary of First Quantum Minerals, continues to solidify its position as a key player in Zambia’s mining sector. During a recent media tour, Assistant General Manager Frederic Wouters provided an update on the company’s operations, highlighting record production figures, environmental initiatives, and community investment efforts. In 2024, FQM Trident’s Sentinel Copper Mine produced an impressive 231,000 tons of copper, with similar output expected this year. Meanwhile, the newly commissioned Enterprise Nickel Mine is ramping up production and is projected to deliver up to 25,000… Read More Here

Mining in Zambia Battery Metals Copper

Zambia Courts Carmakers to Build EV Component Plants Near Copper Mines

June 10, 2025June 10, 2025 Constance

Zambia has opened discussions with global car manufacturers to encourage the establishment of electric vehicle (EV) component factories near its copper mining operations, a strategic move aimed at boosting local value addition and integrating the country into the EV global supply chain. Finance Minister Situmbeko Musokotwane, speaking at Bloomberg’s annual Africa Business Media Innovators conference in Livingstone, revealed that the government is actively engaging with automakers. “Even last week when I was in Germany, I urged companies to consider manufacturing some of their electric-vehicle components in Zambia,” Musokotwane said.“Those components… Read More Here

Mining in Zambia Copper Corporate News Economy

FQM Injects $2.6 Billion into Zambia’s Economy in 2024

June 8, 2025June 8, 2025 Constance

First Quantum Minerals (FQM) contributed over $2.6 billion to Zambia’s economy in 2024 through its operations at the Trident and Kansanshi mines in North-Western Province, according to the company’s latest Global Tax Transparency and Economic Contributions Report. The report reveals that FQM paid $650 million in taxes, spent $1.75 billion on local procurement, disbursed $236 million in wages to local employees, and invested $13 million in community development initiatives. In terms of output, the two mines produced 402,000 tonnes of copper and 19,000 tonnes of nickel last year. FQM continues… Read More Here

Mining in Zambia Copper Economy

Zambia’s Refined Copper Exports Rise 17.6% in Q1 as Output Expansion Accelerates

June 8, 2025June 8, 2025 Constance

Zambia’s refined copper exports reached 283,500 tonnes in the first quarter of 2025, marking a 17.6% increase compared to 241,000 tonnes during the same period last year, according to newly released data. The positive trend is reflected in monthly growth figures, with exports rising from 71,200 tonnes in March 2025 to 72,300 tonnes in April—an increase of 1.6%. This steady growth supports the Zambian government’s ambitious target of producing 3 million tonnes of copper annually by 2031. The objective is part of a broader strategy to maximize the economic benefits… Read More Here

Mining in DRC Cobalt Copper

DRC Advances Toward Local Mineral Refining with First Copper and Cobalt Refinery Project

June 8, 2025June 8, 2025 Constance

The Democratic Republic of Congo (DRC) is preparing to halt the export of raw minerals, marking a significant step toward reducing its reliance on foreign processing and strengthening its industrial base. This development aligns with the government’s broader strategy for national economic growth and resource sovereignty. This initiative was highlighted during a meeting held on Thursday, June 5, 2025, between Minister of Foreign Trade Julien Paluku and Eddy Kioni, Director of Buenassa, a 100% Congolese-owned company spearheading the country’s first copper and cobalt refinery project. Minister Paluku commended the progress… Read More Here