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Category: Copper

Southern Africa’s Railways Surge with Global Investment Amid Copper Boom 1 Mining in Zambia Copper Mining in DRC Transport and Logistics 

Southern Africa’s Railways Surge with Global Investment Amid Copper Boom

Constance
Southern Africa’s railways are garnering international attention and attracting billions of dollars in investment, driven by the race to secure copper supplies essential for the energy transition. From Angola on the west coast to Tanzania on the east, governments and investors are poised to revive long-neglected rail lines and construct new ones. This surge in demand is largely fueled by the central African copperbelt shared by Zambia and the Democratic Republic of Congo. “We’re at a historic turning point,” said Babe Botana, Executive Director of the Southern African Railways Association.… Read More Here
FQM Trident Lauded for Empowering SMEs and Boosting Northwestern Province’s Economy 2 Mining in Zambia Copper Economy 

FQM Trident Lauded for Empowering SMEs and Boosting Northwestern Province’s Economy

Constance
Hon. Elias Mubanga, Minister of Small and Medium Enterprise Development, has commended FQM Trident Limited for its ongoing efforts to support small and medium enterprises (SMEs) in Zambia’s Northwestern Province. Speaking at the Kalumbila Business Clinics, Hon. Mubanga highlighted the crucial role SMEs play in Zambia’s economy and urged other large corporations, especially in the mining sector, to follow FQM’s example in empowering local businesses. “SMEs are the backbone of our economy, and it is essential that major firms, particularly in the mining industry, actively contribute to the growth and… Read More Here
Mopani Copper Mines Produces First 200 Tonnes of Copper Anodes Post-Revival 3 Mining in Zambia Copper Economy 

Mopani Copper Mines Produces First 200 Tonnes of Copper Anodes Post-Revival

Constance
Mopani Copper Mines has successfully produced its first 200 tonnes of copper anodes since its revitalization under new equity partner, International Resources Holdings (IRH). The company was officially handed over to IRH in March this year by President Hakainde Hichilema. Mopani Copper Mines CEO, Charles Sakanya, announced that significant transformations have taken place since the revival. In the past three months, 400 professionals have been hired to enhance productivity. The mine has also doubled its shifts, resulting in a notable increase in production. Current copper output stands at 65,000 tonnes,… Read More Here
Copper exports from DRC to the US begin via Lobito Atlantic Railway 4 Mining in DRC Angola Copper Mining in Zambia Transport and Logistics 

Copper exports from DRC to the US begin via Lobito Atlantic Railway

Constance
The first US-bound copper shipment from the Democratic Republic of the Congo (DRC) via the Lobito Atlantic Railway (LAR) has been successfully loaded. The cargo of copper cathodes, destined for Baltimore, was transported by train to Angola’s port of Lobito on August 19, according to global commodities trader Trafigura Group, part of the consortium holding the railway concession. This shipment follows earlier deliveries to European and Far Eastern ports since the Lobito Atlantic Railway began operating the concession in January 2023. LAR, a joint venture backed by Trafigura, Portuguese construction… Read More Here
Former Gécamines Workers Appeal to President Tshisekedi Amid Kamoto Copper Crisis 5 Mining in DRC Copper 

Former Gécamines Workers Appeal to President Tshisekedi Amid Kamoto Copper Crisis

Constance
Former Gécamines workers have sent an urgent plea to President Félix Tshisekedi regarding the dire situation faced by those who defected to work at Kamoto Copper Company (KCC), a subsidiary of the Glencore group. These workers, who have not yet received their final payments, have taken drastic action by barricading all entrances to the KCC facility in protest. The protest follows a previous sit-in that lasted over 12 weeks in front of KCC’s offices in Lusanga. During that time, several protesters reportedly died, others were hospitalized, and one individual suffered… Read More Here
President Hichilema Officially Hands Over KCM to Vedanta Resources 6 Mining in Zambia Copper Economy 

President Hichilema Officially Hands Over KCM to Vedanta Resources

Constance
Konkola Copper Mines (KCM) has been officially handed back to Vedanta Resources, marking the beginning of a new chapter for both the Copperbelt region and the nation. At the re-launch ceremony in Chililabombwe, President Hakainde Hichilema emphasized the importance of resolving disputes through dialogue rather than legal battles, commending Vedanta Resources and the government for negotiating a successful outcome. He described the handover as a “new chapter for KCM” and expressed optimism about the future. President Hichilema highlighted that KCM’s revival under Vedanta will create jobs for Zambians and expand… Read More Here
President Hichilema Hails Three Years of Progress, Highlights Key Achievements 7 Mining in Zambia Copper Economy Governance 

President Hichilema Hails Three Years of Progress, Highlights Key Achievements

Constance
President Hakainde Hichilema has hailed his three years in office as a success, emphasizing significant achievements across various sectors due to dedicated efforts. Among the accomplishments highlighted are the revitalization of key mining operations, including Mopani Copper Mines, Konkola Copper Mines (KCM), and Shaft 28 in Luanshya. The President made these remarks during an interaction with the public and journalists at Simon Mwansa Kapwepwe International Airport in Ndola. His visit to the Copperbelt Province is part of a two-day working tour. Earlier, President Hichilema met with UPND Bwana Mukubwa Party… Read More Here
President Hichilema Urges Vedanta to Strengthen Community Relations as KCM Operations Resume 8 Mining in Zambia Copper Economy 

President Hichilema Urges Vedanta to Strengthen Community Relations as KCM Operations Resume

Constance
President Hakainde Hichilema has called on Vedanta Resources Limited, the owner of Konkola Copper Mines (KCM), to improve its engagement with local communities as it resumes operations. He emphasized that the government has already discussed with the company to prevent the issues that led to the mine’s previous liquidation, stressing the need for a renewed commitment to responsible practices. The President also highlighted the importance of mining companies fulfilling their obligations to traditional leaders, including the sponsorship of cultural ceremonies. He made these remarks during a meeting with traditional leaders… Read More Here
Kamoa-Kakula reports a record 35,941 tonnes of copper produced in July 9 Mining in DRC Copper 

Kamoa-Kakula reports a record 35,941 tonnes of copper produced in July

Constance
Phase 3 increases annual copper production capacity to over 600,000 tonnes, making Kamoa-Kakula the third-largest copper mining complex globally Kolwezi, Democratic Republic of the Congo–(Newsfile Corp. – August 19, 2024) – Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Executive Co-Chairman Robert Friedland and President Marna Cloete announced today that the Phase 3 concentrator at Kamoa-Kakula Copper Complex in the Democratic Republic of the Congo (DRC) has reached commercial production. In addition, Kamoa-Kakula’s Phase 1, 2 and 3 concentrators achieved a combined monthly production record of 35,941 tonnes of copper in July. Mr. Friedland… Read More Here
Chinese Copper Exports Plunge as Domestic Demand Surges 10 International Copper 

Chinese Copper Exports Plunge as Domestic Demand Surges

Constance
Chinese copper exports sharply declined in July, falling 40% from June to 140,940 tons, according to customs data released Sunday. This drop follows a historic surge in June, as domestic buyers capitalized on the metal’s price drop. Despite the decline, July’s export volume remains nearly double that of the previous year, with shipments over the first seven months of 2024 up 43% compared to 2023. The surge in international copper prices, which reached a record high in May, had led to an unusual increase in Chinese exports, filling London Metal… Read More Here

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