Copper - Copperbelt Katanga Mining

Chile’s Copper Output Rises 4.9% in 2023, Codelco and Escondida Lead Growth 1

Chile, the world’s largest copper producer, recorded a 4.9% increase in copper output in 2023, reaching 5.5 million metric tonnes, according to data released by the Chilean Copper Commission (Cochilco) on Friday. December production saw notable gains, with state-owned Codelco’s output rising nearly 22% to 172,700 tonnes. Meanwhile, BHP’s Escondida mine, the world’s largest copper operation, reported a 51% surge in December production, reaching 133,600 tonnes. However, not all major producers saw growth. Collahuasi, operated jointly by Glencore and Anglo American, experienced a 32% decline in output, producing 41,200 tonnes… Read More Here

Mining in Zambia Copper Events & Expos

ZCCM-IH Highlights Mining and Energy Growth at Mining Indaba 2025

February 10, 2025February 10, 2025 Constance

At the 2024 Indaba conference in Cape Town, Zambia showcased its mining sector under the theme “Transforming Tomorrow, Delivering Today.” ZCCM Investments Holdings (ZCCM-IH) Board Chairperson, Kakenewa Muyangwa, reaffirmed the company’s commitment to driving economic development and unlocking Zambia’s mining potential. Speaking at the country showcase, Muyangwa emphasized ZCCM-IH’s pivotal role in shaping Zambia’s economic future. “Our mission is to create value for shareholders, contribute to economic growth, and positively impact the communities we serve,” he stated. Over the past year, ZCCM-IH made significant strides in “delivering today” by unlocking… Read More Here

Mining in Zambia Copper Economy Events & Expos

Zambia Emphasizes Copper Production Growth to 3 Million Tonnes by 2032 At Mining Indaba

February 10, 2025February 10, 2025 Constance

Zambia made a commanding statement at the 2025 Mining Indaba, drawing global attention with a packed Country Showcase that underscored its rising influence in the mining sector. As Africa’s second-largest copper producer and an emerging hub for critical minerals like cobalt and lithium, Zambia positioned itself as a premier investment destination, backed by stable policies and ambitious production targets. The Zambian government laid out an aggressive plan to ramp up copper output to 3 million tonnes per year by 2032. Finance Minister Dr. Situmbeko Musokotwane emphasized the nation’s commitment to… Read More Here

Mining in Zambia Copper Corporate News New Mining Projects

Jubilee Metals Boosts Copper Production in Zambia with High-Grade Feed at Roan

February 10, 2025February 10, 2025 Constance

London- and Johannesburg-listed Jubilee Metals has restarted its Roan operations in Zambia following stable power restoration. The company is also accelerating copper production by prioritizing the processing of newly secured high-grade copper feed. In response to power outages that disrupted operations in December and January, Jubilee implemented a new power agreement on January 20. With production stability restored, the company has shifted its focus to maximizing output and operational efficiency. Jubilee is prioritizing high-grade copper feed while reviewing options to trade surplus lower-grade stock that does not align with short-… Read More Here

Mining in Zambia Copper Corporate News

Vedanta Seeks $1 Billion to Boost Konkola Copper Mines Production

February 9, 2025February 9, 2025 Constance

Vedanta Resources is looking to raise approximately $1 billion in debt financing to develop Zambia’s Konkola Copper Mines (KCM), according to Chris Griffith, head of the company’s base metals division. While Vedanta previously considered selling at least 30% of its 80% stake in KCM, Griffith indicated that a sale now appears unlikely. “There is a much higher likelihood that we can raise the funds through various financing options,” he told Reuters on the sidelines of the Mining Indaba conference in Cape Town. “We own 80% of the business and clearly,… Read More Here

Mining in DRC Copper Corporate News

Barrick Expands into Copper Exploration in the DRC

February 6, 2025February 6, 2025 Constance

Barrick Gold is advancing its copper exploration efforts in the Democratic Republic of Congo (DRC), having already secured exploration permits in Haut-Katanga, according to Cyril Mutombo, the company’s Country Director. Speaking at the Investing in African Mining Indaba on February 5, 2025, he emphasized that exploration is the foundation of any mining project. Barrick has significant expertise in copper production, with existing operations in Zambia and Pakistan. The company is investing over $3 billion in expanding its Zambian copper mine, while its Pakistan mine is expected to produce for nearly… Read More Here

Mining in Zambia Copper Events & Expos

Zambia to Introduce Local Content Law for Mining Sector

February 3, 2025February 3, 2025 Constance

Zambia is set to introduce a “Local Content” law this year, requiring mining companies to prioritize local contractors and suppliers when awarding contracts. The Citizens Economic Empowerment (Reservation of Goods and Services in the Mining Sector) Regulations aim to boost Zambian businesses by setting a threshold for contracts exclusively reserved for Zambian citizens. Mines Minister Paul Kabuswe announced the development ahead of the African Mining Indaba in Cape Town, South Africa, stating that stakeholder consultations on the draft framework are ongoing and the law will be enacted this year. “Once… Read More Here

Mining in Zambia Copper Economy New Mining Projects

Ming’omba Mine to Boost Zambia’s Copper Production Target

February 2, 2025February 2, 2025 Constance

President Hakainde Hichilema has reaffirmed that the projected increase in copper production at Ming’omba Mine will contribute significantly to Zambia’s goal of reaching 3 million tonnes of copper output by 2031. Speaking at State House in Lusaka during a meeting with a delegation from KoBold Metals, President Hichilema emphasized that every mining asset in the country must play a role in achieving this target. He urged the company to intensify efforts and accelerate production where possible. The President expressed satisfaction that Ming’omba Mine has already employed over 500 workers and… Read More Here

Mining in Zambia Copper Corporate News Press Release

Barrick’s Lumwana Mine Fuels Zambia’s Economic Growth With Major Expansion on the Horizon

January 27, 2025January 27, 2025 Constance

Lumwana Mine, Zambia – Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) has reaffirmed its commitment to Zambia’s economic growth, contributing over $3.7 billion since 2019. In 2024 alone, Lumwana’s operations contributed $887 million to the economy through royalties, taxes, salaries and procurement of goods and services, solidifying its position as one of the nation’s top five taxpayers. Copper production for 2024 was within guidance, supported by investments in operator training and an upgraded ultra-class fleet. Lumwana remains a leader in advancing local content, with 72% of the $906 million spent on goods and services in… Read More Here

Mining in Zambia Copper Economy

Zambia’s Mining Sector Sees Promising Turnaround with Policy-Driven Resilience

January 26, 2025January 26, 2025 Constance

Zambia’s mining sector has shown a promising turnaround, with economic expert Kelvin Chisanga commending its resilience and policy-driven improvements. Reflecting on the sector’s performance, Chisanga highlighted that despite a 20% decline in production in 2023, the 12% growth recorded in 2024 demonstrates the effectiveness of government policies and the commitment of key stakeholders. “The positive growth can largely be attributed to the government’s efforts to resolve legacy issues at Mopani Copper Mine and Konkola Copper Mine,” Chisanga stated. He acknowledged the significant contributions of major players such as Barrick Gold… Read More Here