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Category: Copper

Arc Minerals Acquires Chingola Copper Project in Zambia 1 Mining in Zambia Copper New Mining Projects 

Arc Minerals Acquires Chingola Copper Project in Zambia

Constance
London-listed Arc Minerals has signed a binding agreement for its Zambian subsidiary, Foreland Minerals, to acquire the Chingola Copper Project in Zambia’s Copperbelt from Brxton Construction. “This acquisition marks another important step in Arc’s strategy to strengthen our footprint in the Zambian Copperbelt. We’ve pursued this highly competitive asset for the past 18 months,” said Arc Chairperson Nick von Schirnding. Located in the north-eastern Copperbelt, the 311 km² licence area sits near major operations such as Vedanta Resources’ Nchanga Mine and Moxico Resources’ Mimbula Mine. The region is noted for… Read More Here
Peru Forecasts Modest Copper Output Growth Amid Global Trade Shifts 2 International Copper 

Peru Forecasts Modest Copper Output Growth Amid Global Trade Shifts

Constance
Peru’s copper production is expected to rise by 2% to 4% in 2025, reaching between 2.79 million and 2.85 million metric tons, up from 2.74 million tons in 2024, according to Julia Torreblanca, president of the National Society of Mining, Oil and Energy (SNMPE). Speaking to Reuters during the CESCO and CRU copper conferences in Chile, Torreblanca noted that the Peruvian government is working to streamline the permitting process to enable miners to ramp up production more efficiently. Peru, once the world’s second-largest copper producer, was overtaken by the Democratic… Read More Here
Codelco Output Falls 6% in February as Escondida Rises and Collahuasi Slumps 3 International Copper 

Codelco Output Falls 6% in February as Escondida Rises and Collahuasi Slumps

Constance
SANTIAGO – Chile’s state-owned copper giant Codelco saw its copper production drop by 6% year-on-year in February, producing 98,100 metric tons, according to data released by the Chilean Copper Commission (Cochilco) on Thursday. Despite being the world’s top copper producer, Codelco has struggled in recent years to reverse a steady decline in output as it works through operational and project challenges. In contrast, BHP’s Escondida mine – the world’s largest copper mine – reported a 16% increase in production, reaching 113,400 metric tons for the month. Meanwhile, output at Collahuasi,… Read More Here
Glencore’s DRC Mines Earn Copper Mark for Responsible Mining Practices 4 Mining in DRC Copper Corporate News 

Glencore’s DRC Mines Earn Copper Mark for Responsible Mining Practices

Constance
Glencore’s two operations in the Democratic Republic of Congo (DRC)—Kamoto Copper Company (KCC), a joint venture with Gécamines and the DRC government, and Mutanda Mining (MUMI), in which the State holds a 5% stake—have been awarded the Copper Mark, a globally recognised certification for responsible copper production. This achievement follows a rigorous, voluntary assurance process launched in 2024, aimed at certifying sustainable and ethical mining practices. Both KCC and MUMI are located in Lualaba province and produce copper and cobalt. “Participating in the Copper Mark assurance process has helped us… Read More Here
Ivanhoe Mines Reports Significantly Increased Hydroelectric Power Availability for Kamoa-Kakula 5 Mining in DRC Copper Hydro power plant 

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

Constance
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
China Molybdenum’s DRC Operations Drive Record Growth and Strategic Dominance 6 Mining in DRC Cobalt Copper 

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

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
IRH Invests Over $800 Million in Mopani Copper Mines to Drive Growth and Sustainability 7 Mining in Zambia Copper Economy 

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

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
Zambia Targets 1 Million Tons of Copper in 2025 as Mine Revivals Boost Output 8 Mining in Zambia Copper Economy 

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

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
Kamoa Copper Signs Landmark Deal for Africa’s First Solar Baseload Plant 9 Mining in DRC Copper Energy 

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

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
Ivanhoe Mines Commences Giant Copper Exploration Program in Zambia 10 Mining in Zambia Copper Exploration New Mining Projects 

Ivanhoe Mines Commences Giant Copper Exploration Program in Zambia

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

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