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Category: Copper

Tertiary Minerals Advances Deep Drilling at Konkola West Copper Project 1 Mining in Zambia Copper New Mining Projects 

Tertiary Minerals Advances Deep Drilling at Konkola West Copper Project

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
Ivanhoe Mines Issues 2024 Fourth Quarter and Annual Financial Results 2 Mining in DRC Cobalt Copper Corporate News 

Ivanhoe Mines Issues 2024 Fourth Quarter and Annual Financial Results

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
Barrick Files Technical Reports for Lumwana Expansion and Reko Diq Projects 3 Mining in Zambia Copper New Mining Projects 

Barrick Files Technical Reports for Lumwana Expansion and Reko Diq Projects

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
Norinco Revises Bid for Chemaf’s Congo Mines, Offering Bigger State Stake 4 Mining in DRC Cobalt Copper 

Norinco Revises Bid for Chemaf’s Congo Mines, Offering Bigger State Stake

Constance
China North Industries Corp (Norinco) has revised its $1.4 billion bid to acquire copper and cobalt assets from Chemaf SA by offering the Democratic Republic of the Congo (DRC) a larger stake to ease government concerns, sources familiar with the matter told Reuters. Norinco’s offer, initially submitted in June 2023, stalled after Congo’s state miner, Gécamines, made its own unsolicited bid for the assets. The situation has been further complicated by U.S. efforts to curb China’s dominance in the mineral-rich Copperbelt. To push the deal forward, Norinco has proposed increasing… Read More Here
Jubilee Metals Ramps Up High-Grade Copper Processing at Roan Facility 5 Mining in Zambia Copper New Mining Projects 

Jubilee Metals Ramps Up High-Grade Copper Processing at Roan Facility

Constance
Jubilee Metals Group (LON: JLP) has begun processing high-grade copper feed material at its Roan concentrator in Zambia, marking a key milestone in its operational strategy. The facility had previously relied on low-grade waste material for copper production. This development follows Jubilee’s recent agreement to secure an initial 200,000 tonnes of material with a copper content of approximately 1.6%—more than double the 0.7% grade of previously processed material at Roan. Payment for this high-grade material will be made through Jubilee’s Zambian operations, along with the issuance of $2.7 million worth… Read More Here
Glencore Rejects Unsolicited Bid for DRC Operations 6 Mining in DRC Cobalt Copper Corporate News 

Glencore Rejects Unsolicited Bid for DRC Operations

Constance
Miner and commodity trader Glencore has confirmed that it rejected an unsolicited offer for its operations in the Democratic Republic of Congo (DRC) at the end of last year. “Glencore has not engaged any banks or advisors and is not running a sale process for its operations in the DRC,” a company spokesperson stated in an email. Earlier, the Financial Times reported that Glencore had considered selling part or all of its Congolese assets and had engaged in preliminary discussions with a potential buyer from the Middle East regarding its… Read More Here
FQM’s Kansanshi S3 Expansion to Strengthen Growth and Financial Resilience 7 Mining in Zambia Copper Corporate News New Mining Projects 

FQM’s Kansanshi S3 Expansion to Strengthen Growth and Financial Resilience

Constance
First Quantum Minerals’ Kansanshi S3 Expansion project in Zambia marks a pivotal moment for the Canadian mining company, enhancing its financial resilience and driving future growth, CEO Tristan Pascall has stated. Reporting on the company’s fourth-quarter results, Pascall confirmed that the expansion remains on track for completion by mid-2025, with significant progress in construction and commissioning. By the end of 2024, construction of the process plant had reached 62% completion, with early commissioning already underway. System configuration for the plant’s control system was 80% complete, focusing on cleaner and reagent… Read More Here
DRC Central Bank Reports Copper Price Rise Amid Global Trade Adjustments 8 Mining in DRC Copper 

DRC Central Bank Reports Copper Price Rise Amid Global Trade Adjustments

Constance
The Central Bank of Congo (BCC) has released its latest economic outlook, covering the period from January 31 to February 7, 2025. The report highlights fluctuations in key commodity prices, reflecting global market dynamics and geopolitical influences. Copper prices rose to $9,412.75 per tonne, marking a 3.68% weekly increase. The report attributes this rise to improved market confidence following the U.S. administration’s decision to postpone new customs duties on imports from key trade partners, including Canada, Mexico, and China. On a year-to-date basis, copper prices have gained 7.10%. In contrast,… Read More Here
Peru’s Copper Output Declines for First Time in Four Years 9 Copper International 

Peru’s Copper Output Declines for First Time in Four Years

Constance
Peru’s copper production in 2024 totaled 2,736,150 metric tons, marking a 0.7% decline from 2023, according to the country’s mining ministry. This drop ends four consecutive years of post-pandemic recovery. Industry analysts had anticipated stable production of around 2.8 million metric tons for both 2024 and 2025, citing declining ore grades and a lack of new projects. The Democratic Republic of the Congo surpassed Peru as the world’s second-largest copper producer in 2023, though Congo has yet to release its full-year figures for 2024. Despite the overall decline, Peru’s copper… Read More Here
First Quantum’s Cobre Panama Arbitration Delayed to 2026 10 Corporate News Copper International 

First Quantum’s Cobre Panama Arbitration Delayed to 2026

Constance
First Quantum Minerals announced on Tuesday that the final hearing for the Cobre Panama mine arbitration under the International Chamber of Commerce (ICC) has been postponed to February 2026 from its previously scheduled date in September 2024. The Cobre Panama mine, one of the world’s largest copper producers, was shut down in November 2023 after Panama’s Supreme Court ruled its contract unconstitutional. Widespread environmental protests further pressured authorities to close the operation. The Canadian miner stated that the Panamanian government requested an extension of its arbitration submission deadlines due to… Read More Here

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