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Category: Copper

DRC Mining Exports Show Upward Trend Amid Rising Copper, Cobalt, and Gold Prices 1 Mining in DRC Cobalt Copper Economy Gold 

DRC Mining Exports Show Upward Trend Amid Rising Copper, Cobalt, and Gold Prices

Constance
Congo’s copper, cobalt, and gold exports rise in 2026, boosting mining sector revenues The Democratic Republic of the Congo is witnessing an upward trend in the international prices of its key mining exports, according to the latest official projections. The National Market Commission of the Ministry of Foreign Trade reported that for the period from April 6 to 11, 2026, several strategic raw materials are expected to record weekly price increases. Copper: Primary export on the rise Copper, the country’s main export, is projected to trade at $12,143.30 per ton,… Read More Here
Tenke Fungurume Mining Accounts for Over 20% of DRC Mining Revenues in 2023 2 Mining in DRC Cobalt Copper Corporate News 

Tenke Fungurume Mining Accounts for Over 20% of DRC Mining Revenues in 2023

Constance
CMOC’s Tenke Fungurume Mining leads DRC mining revenue contributions with $1.1bn in 2023, EITI report shows Tenke Fungurume Mining (TFM), a subsidiary of the CMOC Group, contributed 20.47% of total mining sector revenues in the Democratic Republic of the Congo during the 2023 financial year. The figures were disclosed in the latest report by the Extractive Industries Transparency Initiative (EITI) for the Democratic Republic of the Congo, released in early 2026. According to the report, TFM generated approximately $1.1 billion in government revenues out of the $5.6 billion collected from… Read More Here
Jubilee Updates Molefe Mine Plan to Boost Copper Production and Efficiency in Zambia 3 Mining in Zambia Copper Corporate News 

Jubilee Updates Molefe Mine Plan to Boost Copper Production and Efficiency in Zambia

Constance
Jubilee Optimizes Molefe Mine Plan to Deliver Stable Copper Output and Accelerate Growth in Zambia Zambia-focused integrated copper producer and resource developer Jubilee has announced an updated near-term mine plan at its Molefe mine, following encouraging results from the Phase 1 drilling and trenching programme. “This marks another important milestone in Jubilee’s transition toward becoming a resource-backed copper producer. The implementation of a structured mine plan at Molefe provides a clear pathway to sustainable and scalable production,” said Jubilee CEO Leon Coetzer. Operations at Molefe continue to perform well and… Read More Here
Virtus Minerals to Restart Chemaf’s Cobalt and Copper Mines in the DRC After Regulatory Approval 4 Mining in DRC Cobalt Copper Corporate News 

Virtus Minerals to Restart Chemaf’s Cobalt and Copper Mines in the DRC After Regulatory Approval

Constance
US Firm Virtus Minerals Secures Regulatory Approval to Restart Chemaf Mines, Boosting DRC’s Cobalt and Copper Production US-based Virtus Minerals announced it is moving to restart the Chemaf cobalt and copper mines in the Democratic Republic of Congo (DRC) after securing full regulatory approval. This marks the first acquisition of operating mines under the US–Congo minerals partnership, following a series of offtake agreements. Virtus stated that its immediate focus will be on inventory verification, technical and operational assessments, and restart planning across Chemaf’s asset portfolio, with timelines dependent on the… Read More Here
Ivanhoe Mines Updates Kamoa-Kakula Copper Production Guidance Amid Technical Optimisation 5 Corporate News Copper Mining in DRC 

Ivanhoe Mines Updates Kamoa-Kakula Copper Production Guidance Amid Technical Optimisation

Constance
Kamoa-Kakula Copper Complex Revises 2026–2027 Output, Targets 500,000+ Tonnes from 2028 SX-listed Ivanhoe Mines has released an updated independent technical report for the Kamoa-Kakula Copper Complex in the Democratic Republic of Congo. The report incorporates changes to the mine design and extraction sequence and applies conservative geotechnical parameters to ensure long-term safety and operational stability. As a result, Ivanhoe has revised its production guidance for the complex to 290,000–330,000 tonnes of copper anodes in 2026 and 380,000–420,000 tonnes in 2027. The company expects annualised production to exceed 500,000 tonnes from… Read More Here
Prospect Resources Confirms Expanding Copper System at West Mwombezhi in Zambia 6 Mining in Zambia Copper Corporate News New Mining Projects 

Prospect Resources Confirms Expanding Copper System at West Mwombezhi in Zambia

Constance
Prospect Resources Reports Strong Copper Drill Results at Mumbezhi Project as Maiden Resource Estimate Targets 2026 Australian mining company Prospect Resources Limited has received final assay results from Phase 2 diamond drilling at the West Mwombezhi prospect within the Mumbezhi Copper Project in Zambia, confirming the presence of a continuous near-surface copper sulphide system extending for more than one kilometer along strike. The latest drilling campaign has delivered several new mineralized intersections, including: These results strengthen the geological case for a growing copper system at West Mwombezhi and support the… Read More Here
Chile’s Copper Production Falls to Nine-Year Low, Highlighting Global Supply Pressures 7 International Copper 

Chile’s Copper Production Falls to Nine-Year Low, Highlighting Global Supply Pressures

Constance
Chile Records Lowest Monthly Copper Output in Nearly Nine Years Amid Ore Grade Challenges Chile, the world’s largest copper producer, reported its lowest monthly copper output in almost nine years, reflecting ongoing challenges from declining ore grades and underperformance at key mines. Production totaled 378,554 metric tons in February, down 8.5% from January and 4.8% compared with February of last year, according to figures released by the national statistics agency. This is the lowest monthly output since March 2017, when a strike temporarily halted operations at Escondida Mine, one of… Read More Here
Glencore Bets on DRC Operations to Drive Copper and Cobalt Growth Strategy 8 Mining in DRC Cobalt Copper Corporate News 

Glencore Bets on DRC Operations to Drive Copper and Cobalt Growth Strategy

Constance
Glencore Expands Focus on DRC Copper and Cobalt Assets as It Targets 1 Million Tonnes of Copper Output by 2028 Glencore is intensifying its investment focus on the Democratic Republic of the Congo (DRC) as part of a long-term strategy to become one of the world’s leading copper producers without relying on large-scale mergers. The company recently ended merger discussions with Rio Tinto that could have created the world’s largest mining group. Instead, Glencore has opted to strengthen its balance sheet and sharpen its portfolio around high-demand transition metals, particularly… Read More Here
Botswana Minerals Launches Phase 1 Exploration Programme at Ngamiland Copper Licences 9 International Copper Exploration New Mining Projects 

Botswana Minerals Launches Phase 1 Exploration Programme at Ngamiland Copper Licences

Constance
Botswana Minerals Begins Phase 1 Work to Identify Drill Targets at Prospective Copper Projects in Botswana’s Damara Belt London- and Botswana-listed Botswana Minerals has commenced its Phase 1 exploration programme at its highly prospective copper licences in Ngamiland, where the company controls significant land holdings in the underexplored north-eastern extension of the Damara Belt. The immediate objective of the programme is to refine and prioritise the most promising exploration targets across the licence package, while defining geophysical survey priorities that will support the identification of high-confidence drilling locations. The outcome… Read More Here
President Hichilema Credits KCM Revival for Boosting Zambia’s Economic Recovery 10 Mining in Zambia Copper Economy Governance 

President Hichilema Credits KCM Revival for Boosting Zambia’s Economic Recovery

Constance
President Hakainde Hichilema Highlights Mining Sector Recovery as Economic Reforms Boost Copperbelt Growth President Hakainde Hichilema says the economic reforms implemented by his administration are beginning to yield positive results, marked by increased activity in the mining sector, particularly on the Copperbelt. President Hichilema noted that the Copperbelt had previously experienced a decline in economic activity due to reduced operations in the mining industry. However, he pointed to the resumption of operations by Konkola Copper Mines (KCM) and other mining firms as clear evidence of the success of the government’s… Read More Here

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