Copper - Copperbelt Katanga Mining

Mining in Zambia Copper New Mining Projects

Ecora Seals $50M Copper Stream Deal for Zambia’s Mimbula Mine

February 28, 2025March 3, 2025 Constance

Critical minerals-focused royalty company Ecora has finalized a $50-million copper stream agreement with Moxico Resources for its Mimbula Mine in Zambia. The deal covers Mimbula’s existing reserve-based life-of-mine (LoM) of 11 years and will support its ongoing expansion. Mimbula’s Phase 1 began producing copper in late 2022 and achieved 14,000 tonnes in 2024. Production is expected to ramp up to a steady 56,000 tonnes per year of copper cathode by mid-2026, following the completion of a Phase 2 brownfield expansion. London-listed Ecora stated that proceeds from the transaction will strengthen… Read More Here

International Copper

Panama Explores New Solutions for First Quantum’s Copper Mine

February 28, 2025February 28, 2025 Constance

Panama’s President Jose Raul Mulino announced that his administration is considering “novel ideas” for handling First Quantum Minerals’ Cobre Panama copper mine, while insisting that the company drop its arbitration cases before negotiations can proceed. Speaking in Panama City on Thursday, Mulino stated that he plans to visit communities impacted by the mine’s closure. Since the late-2023 shutdown, following a constitutional court ruling against its operating contract, local suppliers have suffered heavy losses. Many businesses have shut down or written off significant inventory, underscoring the mine’s role as a key… Read More Here

International Copper

US Copper Tariff Threat Spurs Global Trading Surge

February 27, 2025February 27, 2025 Constance

Top commodity traders are seizing a significant profit opportunity by shipping copper to the US from locations as far as Asia, driven by President Donald Trump’s potential import tariffs on the metal. On February 24, 2025, the gap between US copper prices and those on the global market widened sharply after Trump ordered the Commerce Department to examine possible tariffs. On February 25, New York’s Comex saw prices surge by as much as 4.9%, reaching more than $1,000 per ton above the London Metal Exchange (LME) benchmark, which rose 1.2%… Read More Here

International Copper

Panama President Delays Decision on Cobre Panama Mine Amid Social Security Reform

February 27, 2025February 27, 2025 Constance

Panama’s President, José Mulino, has stated that a decision regarding the future of the Cobre Panama mine will only be made once the country’s social security policy issue is resolved. This announcement came after a meeting with a group of suppliers, including Abel Oliveros, who were seeking clarity following the mine’s closure due to public protests. The office of the president did not immediately respond to a request for comment. The Cobre Panama mine, once the largest and newest copper mine globally, has been shut down since 2023 following environmental… Read More Here

International Copper Corporate News

BHP Launches $10.8 Billion Investment to Sustain Copper Output in Chile

February 26, 2025February 26, 2025 Constance

BHP Group is set to begin a $10.8 billion investment program in Chile, starting with the modernization of an aging copper plant at its Escondida mine. The move comes as the world’s largest mining company battles declining ore quality while striving to maintain production levels. During a site visit on Tuesday, Chilean Finance Minister Mario Marcel joined BHP officials, who confirmed that the $2 billion-plus upgrade of the Escondida concentrator would soon enter environmental approval processes. While BHP’s long-term investment plans in Chile have been known, Tuesday’s announcement marks the… Read More Here

International Copper Corporate News

FQM Ramps Up Efforts to Reopen $10 Billion Cobre Panama Mine

February 26, 2025February 26, 2025 Constance

First Quantum Minerals and its workers and suppliers in Panama are intensifying efforts to restart operations at the $10 billion Cobre Panama copper mine, more than a year after its closure. The company has shifted from a low-profile approach to a more visible public relations campaign, including mass mine visits and public outreach events, according to Maru Galvez, Public Relations Manager for Cobre Panama. The strategy appears to be working, with a recent community survey showing 96% support for the government renegotiating the mine contract. Despite these efforts, First Quantum… Read More Here

Mining in Zambia Copper

Zambia Police Pledge Support to First Quantum Minerals in Kalumbila

February 23, 2025February 23, 2025 Constance

The North-Western Division of the Zambia Police has pledged continued support for First Quantum Minerals Limited (FQML) and its mining investments. This commitment was made during a courtesy visit to FQML’s operations in Kalumbila at the FQM Trident Limited site, which includes the Sentinel Copper and Enterprise Nickel Mines. The delegation, led by newly appointed Commissioner of Police Paul Achiume, included Deputy Commissioner Desmond Mwanza and Senior Assistant Commissioner Kennedy Mumbi. The visit aimed to familiarize the team with the operations of the mines. Upon arrival, the team was welcomed… Read More Here

Mining in Zambia Copper New Mining Projects

Tertiary Minerals Advances Deep Drilling at Konkola West Copper Project

February 23, 2025February 23, 2025 Constance

Aim-listed Tertiary Minerals has reported significant progress in drilling at its Konkola West copper project in Zambia, with hole KWDD001 now exceeding 2,600 meters in depth. The drill is currently advancing through the Kitwe Formation, which forms the upper part of the Lower Roan Subgroup, a key copper-bearing geological unit in the Zambian Copperbelt. The drill hole is currently in the Shale with Grit unit of the Kitwe Formation, which typically lies 25 m to 225 m above the Ore Shale, the primary copper-hosting layer in the Konkola area. The… Read More Here

Mining in DRC Cobalt Copper Corporate News

Ivanhoe Mines Issues 2024 Fourth Quarter and Annual Financial Results

February 23, 2025February 23, 2025 Constance

Ivanhoe Mines’ (TSX: IVN) (OTCQX: IVPAF) President Marna Cloete and Chief Financial Officer David van Heerden presented the company’s financial results for the fourth quarter and year ended December 31, 2024, and provide an operations and project development update. Ivanhoe Mines is a leading Canadian mining company developing and operating its four principal mining and exploration projects in Southern Africa: expanding production at the world-class Kamoa-Kakula Copper Complex in the Democratic Republic of the Congo (DRC); ramping up the ultra-high-grade Kipushi zinc-copper-lead-germanium mine in the DRC; building the tier-one Platreef… Read More Here

Mining in Zambia Copper New Mining Projects

Barrick Files Technical Reports for Lumwana Expansion and Reko Diq Projects

February 21, 2025February 21, 2025 Constance

Barrick Gold Corp has filed technical reports for its Reko Diq and Lumwana Expansion projects in Pakistan and Zambia, respectively, outlining significant development and production growth plans. Barrick, which owns a 50% stake in Reko Diq and operates it through the Reko Diq Mining Company (RDMC), has completed a feasibility study detailing a phased development approach: The project includes two open-pit mines—Western Porphyries (main pit) and Tanjeel (satellite pit)—along with a processing plant and associated infrastructure. It will produce copper concentrate containing gold, which will be processed by third-party smelters.… Read More Here