Copper - Copperbelt Katanga Mining

Metalkol Enters Copper Mark for Sustainable Production in the DRC

October 17, 2024October 17, 2024 Constance

Eurasian Resources Group’s (ERG) Metalkol operation in the Democratic Republic of Congo (DRC) has officially entered the Copper Mark assurance process, following a letter of commitment signed on September 12. The Copper Mark, an assurance framework launched in 2020, is aimed at promoting responsible mineral sourcing and production across the copper, nickel, molybdenum, and zinc value chains. The assurance process is voluntary, transparent, and independent, involving third-party assessments by approved assessors. These evaluations will verify whether Metalkol meets the stringent requirements for responsible production practices. By participating in this process,… Read More Here

Mining in Zambia Cobalt Copper Events & Expos Press Release

Anglo American Highlights the Vital Role of Zambian Capital Markets for Mining Sector Growth

October 13, 2024October 13, 2024 Constance

A strong and vibrant local capital market is essential to attract foreign institutional investors to Zambia’s mining sector, said Norman Mbazima, senior Anglo American executive for the last 20 years and Chairman of Anglo American Platinum. Speaking at the Zambian Mining and Investment Insaka last week, Mr Mbazima underscored the critical importance of creating a conducive investment climate to unlock the country’s mining potential. Participating in a panel discussion titled “Mining Beyond Copper: What’s in it for Zambia?”, Mr Mbazima joined a group of esteemed experts to explore the past,… Read More Here

Mining in DRC Cobalt Copper Events & Expos

Glencore’s 6th Annual DRC Mining Conference Highlights ESG and Sustainability Efforts

October 13, 2024October 13, 2024 Constance

On October 8, 2024, Glencore held its 6th annual conference in Kinshasa, Democratic Republic of Congo (DRC), bringing together key stakeholders to address crucial issues in the country’s mining sector. The event, an essential platform for industrial miners like Glencore, emphasized the promotion of Environmental, Social, and Governance (ESG) standards, traceability, and sustainability. Glencore has been a significant player in the DRC since 2007, contributing substantially to the nation’s economy through its copper and cobalt production. Its major assets include Kamoto Copper Company (KCC), co-owned with Gécamines (25% stake), and… Read More Here

Mining in Zambia Copper Partnership

Zambia to Retain Majority Stake in Key Mining Projects

October 11, 2024October 11, 2024 Constance

Zambia’s government plans to maintain a majority stake in certain promising mining licenses identified through an ongoing mapping exercise, while inviting private investors to develop these assets through joint ventures with the state. Mines Minister Paul Kabuswe announced that the government has established a special purpose vehicle (SPV) to facilitate investment as part of Zambia’s strategy to boost copper production. As Africa’s second-largest copper producer, Zambia aims to surpass 1 million tonnes of copper output by the end of 2025. The SPV will hold licenses for key areas and seek… Read More Here

Mining in Zambia Copper Economy

Zambia Aims for Over 1 Million Tonnes of Copper Production by 2025

October 10, 2024October 10, 2024 Constance

Zambia’s Mines and Minerals Development Minister, Paul Kabuswe, has announced that the country aims to increase copper production to over 1 million tonnes by the end of 2025. He expressed optimism that the long-term goal of reaching 3 million tonnes by 2031 is achievable. Minister Kabuswe made these remarks during a high-level panel discussion focused on policies to meet the ambitious copper production target at the ongoing Mining and Investment Insaka in Lusaka. Finance Minister Situmbeko Musokotwane emphasized the importance of teamwork in achieving this target. He noted the necessity… Read More Here

International Copper Drilling

Trigon Metals Hits High-Grade Copper-Silver at Namibia’s Kombat Mine

October 10, 2024October 10, 2024 Constance

Trigon Metals (TSXV: TM) has reported significant new high-grade copper and silver mineralization from its ongoing drilling at the Kombat copper-silver mine in north-central Namibia. The drilling program, targeting resource upgrades near past producing areas, has yielded promising results, boosting the company’s stock. Notable drill results include: These drill holes are part of a 3,500-metre resource upgrade program, conducted at a depth of 105 metres on level 3 of Shaft 1. The drilling targeted areas to the northeast and southwest of previous intercepts, confirming the presence of high-grade mineralization adjacent… Read More Here

Mining in Zambia Battery Metals Copper Mergers & Acquisitions

Patriot Lithium Expands into Zambia with 80% Stake in Katwaro Copper Project

October 10, 2024October 10, 2024 Constance

Battery metals explorer, Patriot Lithium, has signed a binding option agreement to acquire an 80% stake in the Katwaro Copper Project, Zambia, from Array Metals and Natural Resources. This strategic move aims to diversify the company’s asset portfolio and expand its jurisdictional presence. The Katwaro Project, located near Mumbwa, spans 400 hectares and includes a historical open-pit mine with copper-bearing meta-sediments. Under the terms of the agreement, Patriot Lithium will pay Array Metals $25,000 (A$37,172) for an exclusive 12-month option period. If Patriot exercises the option, a special purpose vehicle… Read More Here

Mining in DRC Copper Press Release

Ivanhoe Mines Reports Q3 2024 Production Results

October 8, 2024October 8, 2024 Constance

Kamoa-Kakula milled a record 3.3 million tonnes, producing a record 116,313 tonnes of copper in concentrate during Q3, with the Phase 3 concentrator in ramp-up Phase 3 concentrator ramp-up approaching steady-state throughput and recovery as at quarter end Kamoa-Kakula’s 2024 production guidance range adjusted to 425,000 – 450,000 tonnes of copper Kipushi produced 17,817 tonnes of zinc in concentrate during ramp-up in Q3 2024 Kipushi’s 2024 production guidance range lowered to 50,000 – 70,000 tonnes of zinc Kipushi concentrator now achieving recoveries in excess of 90%, as ramp-up continues to… Read More Here

Copper Battery Metals International

Copper Demand Remains Strong Despite EV Sales Slowdown

October 7, 2024October 7, 2024 Constance

The demand for metals like copper, critical for electric vehicles (EVs), remains strong despite concerns over slowing EV sales, according to Tom Mackay, head of refined metals at commodity trader IXM. However, forecasting demand remains challenging as the market is still evolving. EV sales have slowed due to several factors, including inadequate charging infrastructure and concerns over resale values. “The electric vehicle industry is still in its early stages, with many variables such as penetration rates and battery chemistries, making accurate demand forecasting difficult,” Mackay explained. Despite the slowdown, EV… Read More Here