Copper - Copperbelt Katanga Mining

Sinomine Targets 2026 Copper Production at Zambia’s Kitumba Mine

April 17, 2025April 17, 2025 Constance

Sinomine Resource Group has announced plans to begin copper production at its Kitumba Copper Mine in Zambia’s Central Province by September 2026. The update was shared in a company WeChat post on Thursday. Located in the Mumbwa district, the project is expected to receive an investment of $560 million. On Monday, Sinomine commenced stripping operations, which involve the removal of surface soil and rock to access the ore body. This marks a key milestone in the development of the project, which is set to contribute significantly to Zambia’s copper output… Read More Here

Copper Mining in Zambia New Mining Projects

LONG-AWAITED KASHIME COPPER MINE IN MKUSHI GETS GREEN LIGHT FOR DEVELOPMENT

April 17, 2025April 17, 2025 Constance

MKUSHI, ZAMBIA – After more than 15 years of anticipation, the Kashime Copper Mine project, located in the Upper Lusemfwa area of Mkushi District, has officially received authorisation to commence mining operations. The milestone marks a significant step forward for Zambia’s mining sector. The project is primarily being developed by Zambian-owned Mimosa Resources, while FQM has committed to finance and conduct further exploration within the licence area. In September 2024, Mimosa Resources announced that it had attracted an initial US$3 million investment from Australian Stock Exchange-listed Zeta Resources to fund… Read More Here

Mining in Zambia Copper New Mining Projects

FQM Invests in Prospect Resources to Advance Mumbezhi Copper Project in Zambia

April 17, 2025April 17, 2025 Constance

Copper producer First Quantum Minerals (FQM) has announced a strategic investment of A$15.2 million in Australia-based battery and electrification metals developer Prospect Resources, acquiring a 15% pro-forma stake and the right to appoint a representative to Prospect’s board. Prospect’s primary focus is the advancement of the Mumbezhi copper project in north-western Zambia, located about 25 km southeast of FQM’s Trident project, which comprises the Sentinel and Enterprise mines in Kalumbila. The investment will help accelerate exploration at Mumbezhi, in line with Zambia’s ambition to reach three million tonnes of copper… Read More Here

Copper Gold Mining in DRC

Copper and Gold Prices Climb Amid South Kivu Supply Disruptions

April 13, 2025April 13, 2025 Constance

Copper and gold prices continued their upward trend last week, driven in part by supply disruptions in the Democratic Republic of Congo (DRC). According to the Ministry of Foreign Trade’s price bulletin for the period of April 7 to 12, 2025, copper is trading at $9,916.25 per tonne, while gold has risen to $98.04 per gram on the global market. Copper prices rose slightly from $9,791.15 per tonne the previous week, maintaining the upward momentum observed since the end of March. Gold prices also increased, climbing from $96.86 per gram… Read More Here

Mining in Zambia Copper New Mining Projects

Arc Minerals Acquires Chingola Copper Project in Zambia

April 12, 2025April 12, 2025 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

International Copper

Peru Forecasts Modest Copper Output Growth Amid Global Trade Shifts

April 12, 2025April 12, 2025 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

International Copper

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

April 12, 2025April 12, 2025 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

Mining in DRC Copper Corporate News

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

April 12, 2025April 12, 2025 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

Mining in DRC Copper Hydro power plant

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

April 8, 2025April 8, 2025 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

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