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Mining in Zambia Copper Transport and Logistics

Trade Expert Applauds Agreement to Revitalize TAZARA Railway

September 9, 2024September 9, 2024 Constance

Trade expert Gilbert Nkamba has commended the recent tripartite agreement between Zambia, Tanzania, and China to upgrade and revitalize the TAZARA railway line. The railway, which connects Zambia’s Copperbelt mines to the Tanzanian port of Dar Es Salaam, was originally constructed in the 1970s but has since fallen into disrepair. Last week, President Hakainde Hichilema signed an agreement with his Chinese and Tanzanian counterparts to restore the line, with China committing $1 billion in investments to enhance the export of Zambia’s critical metals. “Revitalizing TAZARA will attract foreign direct investment… Read More Here

Mining in Zambia Copper Economy

Mining Local Content Bill Set to Boost Economic Opportunities for Zambians

September 8, 2024September 8, 2024 Constance

Vice President Mutale Nalumango has emphasized that the implementation of the Mining Local Content Bill will bring significant economic benefits to all Zambians. Speaking at the Mining Local Content Conference and Expo in Kitwe, organized by the Zambia Association of Manufacturers (ZAM), Mrs. Nalumango stated that the bill will ensure that the wealth generated from Zambia’s natural resources leads to job creation and sustainable economic growth. Mines Minister Paul Kabuswe added that the bill is 90 percent complete and that legislation will soon be finalized. He noted that once implemented,… Read More Here

Mining in Zambia Copper

Ming’omba Mine Launches Scholarships to Foster AI Talent in Zambia

September 8, 2024September 8, 2024 Constance

The newly inaugurated Ming’omba Mine in Chililabombwe, owned by KoBold Metals, is offering ten scholarships in data science and exploration geography for Zambian students. In collaboration with Stanford University, Copperbelt University, and the University of Zambia (UNZA), KoBold Metals has developed this new program as part of its initiative to integrate artificial intelligence into mineral exploration. KoBold Metals aims to combine advanced exploration technologies with Zambian expertise to discover world-class mineral deposits. The Ming’omba site has already revealed substantial copper reserves, touted as the largest copper find in Zambia in… Read More Here

Copper International

BHP takes next step in smelter, refinery expansion at Copper South Australia

September 8, 2024September 8, 2024 Constance

The South Australian Government has announced the commencement of an application and assessment process for BHP’s planned smelter and refinery expansion at Olympic Dam via a notification in the South Australian Government Gazette. The notification is a step forward for BHP’s copper growth plans in South Australia and follows an update in the company’s financial year 2024 full-year results last week, which outlined a phased strategy to increase production in South Australia to 500,000 t/y of refined copper cathode by the early 2030s and then potentially up to 650,000 t/y… Read More Here

International Copper

FQM to invest $3.5 billion in Taca Taca copper project in Argentina

September 8, 2024September 8, 2024 Constance

First Quantum Minerals has met with Argentina’s government authorities about the start of construction of the $3.5 billion Taca Taca copper project, Rumbo Minero International reported. According to the news outlet, representatives of the Canadian miner met with Argentine officials and announced that they will begin construction of the project, located 230 km west of the city of Salta. The announcement was made during Argentina Mining 2024, an international mining sector event held in the province of Salta. Taca Taca is a copper-gold-molybdenum porphyry deposit with significant potential and is… Read More Here

Mining in Zambia Copper Mining tax Zinc

ZRA Recovers Over K1.4 Million from Stephane Mining Imports and Exports Limited for Tax Evasion

September 8, 2024September 8, 2024 Constance

The Zambia Revenue Authority (ZRA) has successfully recovered K1,493,307.52 from Stephane Mining Imports and Exports Limited following the company’s conviction by the Economic and Financial Crimes Court in Kitwe for tax evasion. Between January 1 and March 30, 2024, Stephane Mining Imports and Exports Limited falsified export documents, misrepresenting Zinc Ore as Zinc concentrate to evade taxes. The ZRA intercepted six trucks transporting the misdeclared ore, uncovering the tax evasion scheme. After entering into a plea negotiation, the company has fully paid the evaded taxes and reimbursed K100,000 in prosecution… Read More Here

Copper International

African Rainbow Minerals pivots to chrome and copper after platinum price slump

September 8, 2024September 8, 2024 Constance

African Rainbow Minerals (ARM) is pursuing chrome and copper opportunities after weaker platinum group metal (PGM) and coal prices drove its annual profit 43% lower, the diversified miner said on Friday. ARM’s headline earnings slumped to 5.08 billion rand ($286.89 million) in the year ended June 30, from a restated 8.98 billion the previous year, mainly due to lower PGM and coal prices. The company’s board has approved the construction of a chrome recovery plant at its Bokoni platinum mine, where the platinum ramp up will be “phased and measured”… Read More Here

Copper International Mining Personality

Glencore’s Peru boss Soyer to step down after Volcan sale

September 8, 2024September 8, 2024 Constance

Glencore’s head of Peruvian operations is stepping down from her position, according to two sources with knowledge of the matter. Victoria Soyer Toche, the general manager at Glencore Peru SAC, has resigned, the sources said. Veteran copper concentrates trader Alvaro Ilamas also recently left Glencore’s Lima office, according to same sources. Glencore declined to comment on personal moves. Her departure came after Glencore sold its stake in zinc-lead producer Volcan Compania Minera to Argentine group Integra Capital in May. The commodity giant owns stakes in major Peruvian copper mines such… Read More Here

Mining in DRC Copper

Ivanhoe Mines Announces Kamoa-Kakula Achieved Record Copper Production of 40,347 Tonnes in August

September 8, 2024September 8, 2024 Constance

Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Executive Co-Chairman Robert Friedland and President Marna Cloete has announced that the Phase 1, 2 and 3 concentrators at the Kamoa-Kakula Copper Complex in the Democratic Republic of the Congo (DRC) achieved a combined monthly production record of 40,347 tonnes of copper in concentrate and a combined monthly milling record of 1.1 million tonnes during August. On August 31, the Phase 1, 2 and 3 concentrators produced a combined daily production record of 2,096 tonnes of copper. This included 1,760 tonnes of copper from… Read More Here

Mining in DRC Cobalt Copper Transport and Logistics

US sees bipartisan backing for Africa critical minerals plan

September 1, 2024September 1, 2024 Constance

A senior US State Department official reassured African governments that an initiative to help counter China’s influence through developing infrastructure on the continent will continue even after a change in administration. The flagship of the plan — a railway project known as the Lobito corridor that connects copper and cobalt mines in the Democratic Republic of Congo to an Atlantic port in Angola — is already far advanced, Helaina Matza, acting special coordinator for the Partnership for Global Infrastructure and Investment, told reporters on Wednesday. “In many ways, there’s a… Read More Here