Copper - Copperbelt Katanga Mining

Mining in Zambia Copper New Mining Projects

Mopani Copper Mines Begins Exploration Near Mufulira Mine

November 20, 2024November 25, 2024 Constance

Mopani Copper Mines has begun exploration activities around Mufulira Mine to extend its lifespan by an additional 30 years, beyond the current projection of 2034. Chief Executive Officer Charles Sakanya revealed the mining giant’s plans during a breakfast meeting with Finance and National Planning Minister Situmbeko Musokotwane in Kitwe. Mr. Sakanya emphasized that the ongoing explorations aim to identify the mineral potential of surrounding areas to secure the mine’s future. He also announced Mopani’s goal to ramp up copper production to a peak of 220,000 metric tonnes annually. Over the… Read More Here

Mining in DRC Copper Economy

Copper Price Surge Offers Opportunities and Risks for DRC’s Economy

November 17, 2024November 17, 2024 Constance

As of October 24, 2024, copper prices reached $9,561 per tonne, marking a 0.34% increase from the previous week. This rise is part of a broader trend of growing base metal prices, driven by rising global demand and infrastructure investments. Compared to the end of December 2023, copper has risen by 12.07%, providing a significant boost to producing nations like the Democratic Republic of Congo (DRC), one of the world’s leading copper exporters. This price surge could substantially impact the Congolese economy, potentially enhancing public revenues. The increased demand for… Read More Here

Mining in DRC Cobalt Copper Lithium

Vital Kamerhe Calls for Reflection on DRC’s Mining Challenges

November 17, 2024November 17, 2024 Constance

The Democratic Republic of Congo (DRC), rich in minerals like cobalt, copper, and lithium, faces significant challenges in its extractive sector. Despite its vast resources, issues such as illicit mining, environmental pollution, corruption, and poor working conditions persist. On November 13, 2024, during a plenary session, President of the National Assembly Vital Kamerhe called for a reassessment of the country’s mining sector. He highlighted the involvement of government officials, including some deputies and ministers, in illegal mining operations, and lamented the existence of “illegal protectors” in the sector. Minister of… Read More Here

Mining in Zambia Copper Economy

North-Western Province Leads Zambia’s Copper Boom and Economic Transformation

November 17, 2024November 17, 2024 Constance

Minister of Mines Paul Kabuswe has highlighted increased copper production in North-Western Province’s major mines as a testament to the sector’s robust growth. Speaking at a media briefing in Kalumbila District, Mr. Kabuswe revealed that Zambia’s annual copper production now stands at 810,000 metric tonnes. He expressed confidence that the country’s target of three million metric tonnes per year is achievable with the revival of Konkola Copper Mines (KCM) and Mopani Copper Mines, alongside new mining projects spearheaded by President Hakainde Hichilema. Mr. Kabuswe also dispelled rumors about Kansanshi gold… Read More Here

Mining in Zambia Copper Economy

Barrick Lumwana Mine to Double Copper Output by 2028

November 17, 2024November 17, 2024 Constance

Barrick Lumwana Mine is set to double its annual copper production from 120,000 metric tonnes to 240,000 metric tonnes by 2028, driven by the expansion of its Super Pit Mine. During a visit to the mine by a delegation of three Cabinet Ministers led by Minister of Mines and Mineral Development Paul Kabuswe, Barrick Lumwana Country Manager Anthony Malenga credited the anticipated growth to the government’s stable policy environment. Mr. Malenga highlighted the company’s dedication to local employment, noting that 99% of its workforce comprises Zambians, with 40% being community… Read More Here

Mining in Zambia Copper New Mining Projects

KoBold Metals to Begin Drilling on Zambia’s Dumbwa Copper Prospect in 2025

November 14, 2024November 15, 2024 Constance

Critical minerals startup KoBold Metals is set to commence drilling at Zambia’s Dumbwa copper prospect in early 2025, marking a strategic expansion in Africa’s critical minerals sector. CEO Mfikeyi Makayi shared the company’s plans with Energy Capital & Power at the recent Critical Minerals Africa Forum. Makayi highlighted that Dumbwa, located in northwestern Zambia, is one of KoBold’s prioritized exploration sites in the region. “We are leveraging machine learning and predictive analytics to reduce uncertainty and accelerate drilling at Dumbwa, moving beyond traditional geological methods,” Makayi stated. KoBold Metals is… Read More Here

International Copper

Chinese Copper Smelters Face Pressure to Slow Expansion Amid Global Profitability Concerns

November 13, 2024November 13, 2024 Constance

Chinese copper smelters are under increasing pressure to rein in their rapid expansion, as oversupply threatens the industry’s profitability and raises concerns over the future viability of smelting operations globally. China, the world’s largest consumer of copper, is expected to produce nearly half of the world’s refined copper this year following a surge in smelter construction aimed at securing supplies critical to the energy transition. However, this expansion has led to fierce competition for limited raw materials, squeezing margins across the industry. The scale of China’s expansion poses risks to… Read More Here

Mining in Zambia Copper

Anglo American Reignites Investment in Zambia’s Copper Industry After 20 Years

November 13, 2024November 13, 2024 Constance

Zambia’s mining sector is poised for growth as Anglo American Corporation, led by CEO Duncan Wanblad, has shown renewed interest in the country’s vibrant copper industry. This marks a significant return nearly 20 years after the company’s exit, underscoring the robust potential Zambia’s mining sector continues to offer. During a recent visit, President Hakainde Hichilema warmly welcomed Anglo American’s renewed partnership, underscoring Zambia’s ambitious goal to reach an annual copper production target of 3 million tons. “Achieving this target will require strategic partnerships with reputable companies like Anglo American Corporation,”… Read More Here

Mining in Zambia Copper

CNMC to Invest $1.5 Billion in Luanshya Copper Mines Expansion and New Samba Project

November 13, 2024November 13, 2024 Constance

China Non-ferrous Mining Corporation Limited (CNMC) has announced plans to invest nearly $1.5 billion to rehabilitate and expand operations at Luanshya Copper Mines in Zambia. This major investment aims to increase production and modernize the mining facilities, supporting Zambia’s growing copper industry. The dewatering of Shaft 28, a critical step in the mine’s rehabilitation, is expected to be completed by the end of 2025, according to CNMC. Additionally, CNMC Chairperson Wen Gang stated the company’s interest in developing a new mining site, named Samba Mines, which will further boost Zambia’s… Read More Here

Mining in Zambia Copper Drilling

Arc Minerals Discovers Copper at All Drilled Targets in Zambia JV with Anglo American

November 8, 2024November 8, 2024 Constance

London-listed Arc Minerals has reported copper mineralization at each target drilled on its joint venture (JV) copper project with Anglo American in Zambia. The companies have identified priority targets for further investigation, and drilling is set to continue through Zambia’s rainy season. One high-priority target near Muswema has been elevated in importance due to its alteration mineralogy, which is similar to known deposits in the Domes region of the Zambian Copperbelt. Visible copper mineralization has been observed in core samples, according to Arc’s chairperson, Nick von Schirnding. Samples have been… Read More Here