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Category: Copper

Jubilee Metals Achieves First Copper Concentrate Production from Roan Facility in Zambia 1 Mining in Zambia Copper 

Jubilee Metals Achieves First Copper Concentrate Production from Roan Facility in Zambia

Constance
Jubilee Metals, a diversified metals producer, has announced the successful production of its first copper concentrate from the front-end module at the Roan concentrator facility in Zambia. This newly produced copper concentrate, derived from previously mined material at Roan, will be refined into copper cathode at Jubilee’s Sable refinery, also located in Zambia. In addition to this, the Roan facility continues to produce sulphide copper concentrate from its mill-and-float circuit, which is currently being traded on the market. The front-end module is set to ramp up production during the third… Read More Here
Illegal mining soars near First Quantum’s idled Panama mine 2 International Copper 

Illegal mining soars near First Quantum’s idled Panama mine

Constance
Illegal mining near First Quantum Minerals Ltd.’s Cobre Panama copper mine has soared since the facility suspended operations last year, an industry group warns. More than 250 instances of illegal mining have been identified in the rainforest surrounding Cobre Panama this year, according to Zorel Morales, head of the nation’s mining chamber. That’s a 317% increase from 60 instances in 2023. The illegal miners, Morales said, are mostly searching for gold. Morales and his trade organization, which includes First Quantum, are pushing for a quick resolution on Cobre Panama’s future.… Read More Here
Peru's Copper Production Drops 11.7% in June Amid Ongoing Industry Challenges 3 International Copper 

Peru’s Copper Production Drops 11.7% in June Amid Ongoing Industry Challenges

Constance
Copper production in Peru fell by 11.7% year-on-year in June, reaching 213,578 metric tons, according to the country’s energy and mines ministry. For the first half of 2021, total production amounted to 1.29 million tons, reflecting a 2.1% decline compared to the same period last year. Peru, which has slipped to the third-largest copper producer globally after being overtaken by the Democratic Republic of Congo, is projected to produce 3.00 million tons of copper this year, up from 2.76 million tons in 2020, according to the ministry. The Peruvian government… Read More Here
Jiangxi Copper’s subsidiary halts production after fatal accident 4 International Copper Mining safety 

Jiangxi Copper’s subsidiary halts production after fatal accident

Constance
Jiangxi Copper’s subsidiary has suspended its plant in Shandong province after a fatal copper furnace accident, according to a company statement on Monday. Shandong Humon Smelting, controlled by top copper producer Jiangxi Copper, said three workers were killed and fourteen were injured. There was an unexpected spill from the plant’s side-blown copper furnace, the company said, without giving the date of incident. Production has been halted amid an ongoing investigation, the gold-copper producer said. Humon produced 203,023 metric tons of copper last year, according to its annual report. Jiangxi Copper… Read More Here
Barrick Gold Expresses Interest in Cobre Panama as Future Partner Amid Ongoing Disputes 5 International Copper Gold 

Barrick Gold Expresses Interest in Cobre Panama as Future Partner Amid Ongoing Disputes

Constance
Barrick Gold (NYSE: GOLD) is prepared to step in as a partner in the Cobre Panama copper mine once the Panamanian government resolves the ongoing dispute over the asset, CEO Mark Bristow stated on Monday. The mine, currently owned by First Quantum Minerals, has been embroiled in controversy since November, leading to its closure following widespread protests. The new administration under President Jose Raul Mulino, in power since July, has announced that a decision regarding the mine’s future—which contributes 1% of global copper output and 5% of Panama’s GDP—will be… Read More Here
Mopani Copper Mines Expands Operations with New Shafts to Boost Production 6 Copper Mining in Zambia 

Mopani Copper Mines Expands Operations with New Shafts to Boost Production

Constance
Mopani Copper Mines is sinking three new shafts at its Kitwe and Mufulira sites, aiming to increase annual copper production to 225,000 tonnes upon completion. Speaking at the 96th Agricultural and Commercial Show, Mopani’s Public Relations Officer, Lillian Musenge, highlighted that one of the key challenges for the mine is its aging infrastructure. “Creating a Competitive Future” is this year’s theme for the Agricultural and Commercial Show. To achieve this, we must develop strategies and innovations to address current and anticipated challenges while seizing opportunities. For Mopani, old infrastructure is… Read More Here
Zambia's Mines Minister Warns Mining Licence Holders Against Illegal Mining 7 Mining in Zambia Artisanal mining Copper 

Zambia’s Mines Minister Warns Mining Licence Holders Against Illegal Mining

Constance
Mines and Minerals Development Minister Paul Kabuswe has emphasized that the responsibility to curb illegal mining lies with licence holders, not the government. He warned that licence holders allowing illegal activities on their tenements risk losing their licences. In a media briefing last week, Kabuswe clarified that according to the Mines and Minerals Act, it is the duty of licence holders to ensure security on their tenements. He specifically addressed concerns about illegal mining at Sensele Mine, stating that the government does not own the mine, and the responsibility for… Read More Here
Zambia to Fully Map Mineral Resources to Combat Illegal Mining 8 Mining in Zambia Copper 

Zambia to Fully Map Mineral Resources to Combat Illegal Mining

Constance
Zambia’s Minister of Mines and Minerals Development, Hon. Paul C. Kabuswe, MP, has stressed the importance of continued support and collaboration in the mining sector. During a speech in Lusaka on August 9th, Minister Kabuswe highlighted the Government’s commitment, alongside key stakeholders, to fully map Zambia’s geological landscape. This initiative is crucial for combating illegal mining and uncovering untapped mineral resources. Currently, only 49 percent of the country is mapped, a situation the Minister noted has worsened illegal mining activities. Once the full mapping is completed, the Government will have… Read More Here
BHP Plans to Sell Brazilian Copper and Gold Assets Acquired from Oz Minerals 9 International Copper Gold 

BHP Plans to Sell Brazilian Copper and Gold Assets Acquired from Oz Minerals

Constance
BHP Group, the world’s largest miner, is planning to sell the Brazilian copper and gold assets it acquired through its $6.3 billion takeover of Oz Minerals in May 2023, according to sources familiar with the matter. The company has enlisted Banco Santander SA to advise on a potential sale following a strategic review of these assets. This acquisition was BHP’s largest in over a decade and was aimed at increasing the company’s exposure to critical materials used in clean energy and electric vehicles. However, BHP has no plans to divest… Read More Here
Jubilee Resources Begins Operations at Upgraded Roan Project in Zambia 10 Copper Mining in Zambia 

Jubilee Resources Begins Operations at Upgraded Roan Project in Zambia

Constance
Diversified metals producer Jubilee Resources Group has initiated operations at its newly upgraded Roan project in Zambia. The launch of the project’s front-end section enhances the processing capacity and operational flexibility of the existing milling and flotation units. The newly constructed front-end section, located adjacent to the current milling and flotation circuits, boosts Roan’s overall processing capacity to a maximum of 13,000 tons per year of copper. This upgrade is part of Jubilee’s broader strategy to increase operational capacity, which also includes ongoing upgrades to the Sable refinery. The combined… Read More Here

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