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Category: Copper

Zambian Parliamentary Committee Tours FQM Mines to Assess Economic Impact 1 Mining in Zambia Copper Corporate social responsibility Economy 

Zambian Parliamentary Committee Tours FQM Mines to Assess Economic Impact

Constance
The Parliamentary Committee on National Economy, Trade and Labour Matters has conducted a high-level tour of First Quantum Minerals’ operations at Kansanshi Mining PLC and FQM Trident in Zambia’s North-Western Province. The visit is part of the committee’s oversight role to assess major investments and understand key drivers of the national economy. Led by Honourable Sibeso Sefulo, Member of Parliament for Mwandi Constituency, the delegation visited the mining sites to gain first-hand insight into their operations, scale of investment, and contribution to Zambia’s socio-economic development. The committee was welcomed by… Read More Here
ZCCM IH Reports Record 2024 Profit Driven by Mopani Equity Deal 2 Mining in Zambia Copper 

ZCCM IH Reports Record 2024 Profit Driven by Mopani Equity Deal

Constance
ZCCM-Investment Holdings (ZCCM-IH) has reported a record profit of K42.30 billion (US$1.62 billion) for 2024 — a dramatic turnaround from the previous year’s loss of K4.08 billion (US$199 million). In a statement, ZCCM-IH Company Secretary Charles Mjumphi credited the remarkable performance to the successful implementation of the Mopani Strategic Equity Partner (SEP) transaction. “This substantial increase in earnings is primarily attributed to the successful implementation of the Mopani SEP transaction,” Mjumphi stated. The transaction repositioned Mopani Copper Mines Plc as a financially viable operation and facilitated the settlement of K44.72… Read More Here
Vedanta Seeks $1 Billion to Boost Copper Output at Zambia’s KCM 3 Mining in Zambia Copper Corporate News Economy 

Vedanta Seeks $1 Billion to Boost Copper Output at Zambia’s KCM

Constance
Vedanta Resources Ltd.’s Zambian copper mining unit has appointed Rand Merchant Bank (RMB) to help raise up to $1 billion in debt financing to support the expansion of its operations at Konkola Copper Mines (KCM). The move comes ten months after Vedanta — owned by Indian billionaire Anil Agarwal — regained control of an 80% stake in KCM following a lengthy dispute with the Zambian government. As part of the settlement, Vedanta committed to invest $1 billion in revitalizing the mining complex. Since then, the company has injected $330 million,… Read More Here
Ivanhoe Reaches Flatreef’s Rich Multimetal Orebody After 30-Year Quest 4 Mining in DRC Copper Gold New Mining Projects Nickel 

Ivanhoe Reaches Flatreef’s Rich Multimetal Orebody After 30-Year Quest

Constance
Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Executive Co-Chairman Robert Friedland and President and Chief Executive Officer Marna Cloete announced that mining crews have driven underground development into the high-grade platinum, palladium, rhodium, nickel, gold, and copper orebody for the first time, as the mine rapidly advances to commercial production later this year. The significant milestone comes over 30 years since Ivanplats, the company’s subsidiary, acquired the first exploration licence and 15 years since the discovery of the 26-metre thick, flat-lying Flatreef orebody was announced. Today’s milestone also comes nine years… Read More Here
Ivanhoe Mines Confirms Kamoa-Kakula Achieved a Record 50,176 Tonnes of Copper Production in April 5 Mining in DRC Copper Corporate News 

Ivanhoe Mines Confirms Kamoa-Kakula Achieved a Record 50,176 Tonnes of Copper Production in April

Constance
 Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Executive Co-Chairman Robert Friedland and President and Chief Executive Officer Marna Cloete announced today that the Phase 1, 2, and 3 concentrators at the Kamoa-Kakula Copper Complex in the Democratic Republic of the Congo (DRC) achieved a monthly combined production record of 50,176 tonnes of copper in concentrate during the 30 days of April. The concentrators milled 1.35 million tonnes of ore at an average feed grade of 4.19% copper during the month. The recently ramped-up Phase 3 concentrator achieved an average recovery rate of… Read More Here
Xtract Doubles Strike Length at Zambia’s Silverking Project with Promising High-Grade Results 6 Copper Corporate News Drilling New Mining Projects 

Xtract Doubles Strike Length at Zambia’s Silverking Project with Promising High-Grade Results

Constance
Xtract Resources, an Aim-listed company, has announced that recent assay results from its ongoing drilling campaign at the Silverking copper project in Zambia have doubled the strike length of high-grade mineralisation to over 160 metres. The company, which is working to earn up to a 70% stake in the project from Oval Mining, released results from a second batch of diamond drill holes. These results confirmed consistent high-grade copper and silver mineralisation across significant widths. In addition, Xtract noted that its metallurgical testwork now includes efforts to upgrade and pre-concentrate… Read More Here
Vedanta Considers Listing Zambian Copper Unit to Fund $1 Billion Investment 7 Mining in Zambia Copper Corporate News 

Vedanta Considers Listing Zambian Copper Unit to Fund $1 Billion Investment

Constance
Vedanta Resources, the mining and energy conglomerate led by Indian billionaire Anil Agarwal, is exploring a possible stock market listing of its Zambian copper division to raise capital for major investment in the asset. “Listing is an option,” said Ajay Goel, Chief Financial Officer of Vedanta Ltd., adding that while no specific timeline has been set, the idea is actively being considered. He did not disclose the potential size or location of the listing. The move follows Vedanta’s reinstatement as the operator of Konkola Copper Mines (KCM) in Zambia last… Read More Here
Zambia's Copper Sector Gains Momentum with 30% Output Increase in Q1 2025 8 Copper Economy Mining in Zambia 

Zambia’s Copper Sector Gains Momentum with 30% Output Increase in Q1 2025

Constance
Zambia’s copper production surged by approximately 30% in the first quarter of 2025, reaching around 224,000 metric tonnes compared to 173,000 metric tonnes during the same period in 2024, according to Mines Minister Paul Kabuswe. In a statement issued on Wednesday, Kabuswe attributed the increase to improved production at two major operations—Konkola Copper Mines (KCM) and Mopani Copper Mines—both of which have seen renewed investment and operational recovery. This follows Zambia’s announcement earlier in January that total copper output for 2024 rose by 12%, hitting roughly 820,670 metric tonnes, up… Read More Here
Gates- & Bezos-Backed KoBold Expands in DRC to Challenge China’s Grip on Critical Minerals 9 Mining in DRC Cobalt Copper 

Gates- & Bezos-Backed KoBold Expands in DRC to Challenge China’s Grip on Critical Minerals

Constance
A U.S. mining company backed by billionaires Bill Gates and Jeff Bezos is expanding its operations in the Democratic Republic of Congo (DRC), aiming to secure rare minerals essential for the global energy transition and counter China’s dominance in the sector. KoBold Metals, the Berkeley-based company supported by Gates’s Breakthrough Energy Ventures—whose investors also include Jeff Bezos and former New York Mayor Michael Bloomberg—plans to leverage artificial intelligence to discover new mineral deposits in the DRC’s resource-rich basins. Newly appointed Director-General Benjamin Katabuka announced the company’s ambitions as it deepens… Read More Here
Gold and Copper Prices Rose as Cobalt and Tin Weakened in DRC Export Market 10 Mining in DRC Cobalt Copper Tin 

Gold and Copper Prices Rose as Cobalt and Tin Weakened in DRC Export Market

Constance
The Democratic Republic of Congo’s Ministry of Foreign Trade released updated export price lists for the week of April 21, 2025, showing a mixed performance across key mining commodities. Gold and copper recorded gains after a previous week of overall declines. Gold was priced at $103.32 per gram, up from $99.34, while copper increased to $9,108.55 per tonne from $8,869.35. The previous week, both commodities had fallen, with gold slipping from $99.84 to $99.34 per gram and copper declining from $9,710.30 to $8,869.35 per tonne—a decrease of around 1%. Meanwhile,… Read More Here

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