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Category: Copper

Kansanshi Mine Expansion Nears Completion with Copper Output Set to Rise 1 Mining in Zambia Copper Corporate News Gold New Mining Projects 

Kansanshi Mine Expansion Nears Completion with Copper Output Set to Rise

Constance
The expansion of the Kansanshi copper and gold mine near Solwezi in Zambia’s North-Western Province is now 80% complete, according to the mine’s Assistant General Manager, Axel Kotten. The upgrade, known as the S3 Expansion Project, aims to significantly increase the mine’s output, reinforcing Zambia’s role as a global copper powerhouse. Minister of Mines and Mineral Development, Hon. Paul Kabuswe, recently visited the site to assess progress and reaffirm the government’s commitment to supporting the mining sector’s growth. Once complete, the expansion is expected to greatly enhance copper production and… Read More Here
ERG Wins 2024 TXF Deal of the Year for $150M African Copper Financing 2 Corporate News Copper Mining in DRC 

ERG Wins 2024 TXF Deal of the Year for $150M African Copper Financing

Constance
Global metals and mining group Eurasian Resources Group (ERG), headquartered in Luxembourg, has received the ‘TXF Metals and Mining Deal of the Year Award 2024’ for its US$ 150 million pre-export finance facility arranged with Bank of China Limited, London Branch, and Glencore International AG: TXF’s Perfect Ten Commodity Finance Deals of the Year. The facility is supported by a supply agreement for copper cathodes produced by ERG’s Metalkol facility in the Democratic Republic of the Congo (DRC). The award, announced at the TXF Global Natural Resources and Commodity Finance… Read More Here
Ivanhoe Mines Reports Temporary Interruption of Underground Mining at Kakula Mine 3 Mining in DRC Copper Corporate News New Mining Projects 

Ivanhoe Mines Reports Temporary Interruption of Underground Mining at Kakula Mine

Constance
Ivanhoe Mines reported yesterday that mining operations are temporarily suspended at the Kakula underground mine at the Kamoa-Kakula Copper Complex, in the Democratic Republic of the Congo. Over the past week, seismic activity was experienced in the eastern section of the Kakula mine, leading to Kamoa Copper’s management team suspending underground operations on Sunday, May 18, 2025. All employees were safely brought above ground in line with protocols, and mobile equipment was removed from the mine workings. No injuries were reported. Senior management and geotechnical specialists have been mobilized to… Read More Here
Zambia Urged to Align Key Sectors with Mining Ambitions for Sustainable Growth 4 Mining in Zambia Copper Economy 

Zambia Urged to Align Key Sectors with Mining Ambitions for Sustainable Growth

Constance
Zambia’s push to ramp up copper production must be matched by coordinated policy efforts across other critical sectors if the country is to achieve its broader economic development goals, says economic analyst Kelvin Chisanga. While mining remains the backbone of Zambia’s economy, Mr. Chisanga warned that national progress cannot rely on mining alone. He stressed the need to strategically align sectors such as health, tourism, manufacturing, agriculture, transport, and logistics to support and sustain projected mining gains. “Mining output targets demand similar policy interests, efforts, and patterns across other sectors.… Read More Here
Mining Sector Recovery Boosts Kwacha and Investor Confidence in Zambia 5 Mining in Zambia Copper Economy 

Mining Sector Recovery Boosts Kwacha and Investor Confidence in Zambia

Constance
The Advocates for National Development and Democracy (ANDD) say Zambia’s ongoing mining sector reforms are beginning to positively impact the economy, citing the recent appreciation of the Kwacha against the US dollar. ANDD Executive Director Samuel Banda attributed the currency’s recent rise to around 26.7 Kwacha per dollar in part to increased copper production. He praised recent progress in the mining industry, particularly the developments at Konkola Copper Mines (KCM), and commended Vedanta Resources for its commitment to clearing KCM’s legacy debts and outstanding payments to suppliers. Vedanta has confirmed… Read More Here
Ivanhoe Doubles Copper Resource at Makoko District in DRC’s Western Forelands 6 Mining in DRC Copper Corporate News New Mining Projects 

Ivanhoe Doubles Copper Resource at Makoko District in DRC’s Western Forelands

Constance
Ivanhoe Mines has announced an updated and independently verified Mineral Resource estimate for the Makoko District within its Western Forelands Exploration Project in the Democratic Republic of the Congo (DRC). The Western Forelands Exploration Project spans 2,393 square kilometres adjacent to the Kamoa-Kakula Copper Complex—an area roughly six times larger than the Kamoa-Kakula footprint. Ivanhoe holds ownership stakes ranging from 54% to 100% in this project. Since the initial Mineral Resource estimate for Makoko and Kiala in November 2023, over 86,000 metres of diamond drilling have been completed, bringing the… Read More Here
Nchanga KCM Open Pit Mining in Zambia Copper Corporate News 

KCM ACHIEVES MAJOR MILESTONE IN UNDERGROUND MINING

Constance
Konkola Copper Mines (KCM) has reintroduced raise boring technology at No.3 Shaft – Konkola Mine in Chililabombwe for the first time in 15 years, marking a major milestone in the company’s journey towards safer, more efficient, and future-ready underground mining. Raise boring is a mechanical excavation technique used to create precise vertical or inclined shafts between underground levels, without the need for blasting. It is widely regarded for its safety, speed, and efficiency. This strategic investment, executed in partnership with TUMI Raise Boring, a globally recognized specialist in the technique,… Read More Here
Zambian Parliamentary Committee Tours FQM Mines to Assess Economic Impact 7 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 8 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 9 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

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