You are here

Category: Copper

Barrick Gold Sells Assets and Pivots to Copper as Bullion Prices Soar 1 International Copper Corporate News Gold 

Barrick Gold Sells Assets and Pivots to Copper as Bullion Prices Soar

Constance
Barrick Gold, one of the world’s leading gold producers, is seizing the opportunity presented by record-high gold prices to streamline its portfolio and pivot more aggressively toward copper mining. On Tuesday, the company announced the sale of its 50% stake in the Donlin gold project in Alaska to billionaire investor John Paulson and Novagold Resources for $1 billion—well above Toronto-Dominion Bank’s estimated $600 million valuation. This move is part of a broader strategy to divest non-core assets while gold prices remain elevated. Barrick has also hinted at additional asset sales,… Read More Here
Angola to Anchor New Africa-Latin America Copper Route 2 Copper Angola Mining in DRC Transport and Logistics 

Angola to Anchor New Africa-Latin America Copper Route

Constance
The multinational company PLASFER, which specializes in raw material exports, is advancing administrative and technical processes to leverage the Lobito Corridor as a “New Copper Industry Export Route.” This strategic logistics route aims to connect the Democratic Republic of Congo (DRC), Angola, Latin America, and Europe. PLASFER has spent over three years developing an innovative project in the DRC, in collaboration with partners across Europe and the Americas. The company considers this new logistics initiative one of the most significant developments in African trade in the past 50 years, as… Read More Here
Tertiary Minerals Completes Initial Drilling at Mukai Copper Project in Zambia 3 Mining in Zambia Copper Diamond Drilling New Mining Projects 

Tertiary Minerals Completes Initial Drilling at Mukai Copper Project in Zambia

Constance
AIM-listed Tertiary Minerals has completed an initial scout drilling program at its Mukai copper project in Zambia, marking a significant step forward in early-stage exploration efforts. The program included three diamond drill holes totaling approximately 554 metres. The company reported that drilling intersected near-surface anomalous copper mineralisation, as well as thick intervals of anomalous nickel mineralisation. Two of the drill holes targeted a broad copper-in-soil anomaly, while the third focused on understanding the geology of the Tirosa Basin. Large parts of the copper and nickel soil anomalies, as well as… Read More Here
Sinomine Targets 2026 Copper Production at Zambia’s Kitumba Mine 4 Copper Corporate News Mining in Zambia News in Brief 

Sinomine Targets 2026 Copper Production at Zambia’s Kitumba Mine

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
 LONG-AWAITED KASHIME COPPER MINE IN MKUSHI GETS GREEN LIGHT FOR DEVELOPMENT  5 Copper Mining in Zambia New Mining Projects 

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

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
FQM Invests in Prospect Resources to Advance Mumbezhi Copper Project in Zambia 6 Mining in Zambia Copper New Mining Projects 

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

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 and Gold Prices Climb Amid South Kivu Supply Disruptions 7 Copper Gold Mining in DRC 

Copper and Gold Prices Climb Amid South Kivu Supply Disruptions

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
Arc Minerals Acquires Chingola Copper Project in Zambia 8 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 9 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 10 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

You have successfully subscribed to the newsletter

There was an error while trying to send your request. Please try again.

Copperbelt Katanga Mining will use the information you provide on this form to be in touch with you and to provide updates and marketing.