Copper - Copperbelt Katanga Mining

$30 Million Copper and Cobalt Mine Set to Boost Production in Zambia’s Copperbelt 1

A new $30 million copper and cobalt mine, Chilibwe Mine, is set to begin operations in Mufulira District, Copperbelt Province. The mine, located off the Ndola-Mufulira road, spans 20 hectares and is expected to produce 2,000 metric tonnes of copper and cobalt per month over its projected 10-year lifespan. This venture aligns with President Hakainde Hichilema’s vision to increase Zambia’s copper output to 3 million tonnes annually by 2032. At a recent scoping meeting in Mufulira, Chilibwe Mine’s management engaged key stakeholders to discuss the project’s potential environmental and social… Read More Here

Mining in Zambia Copper Exploration New Mining Projects

Midnight Sun Mining Expands Copper Exploration Near Kansanshi Mine

September 21, 2024September 22, 2024 Constance

Canadian exploration company Midnight Sun Mining has launched a new exploration phase at the Kazhiba target on its Solwezi property in Zambia. This initiative is part of the company’s ongoing cooperative exploration agreement with First Quantum Minerals, aimed at identifying near-surface oxide copper resources to supply the nearby Kansanshi mine, located less than 10 km away. The exploration program involves 3,000 meters of reverse circulation drilling, partial ionic leach sampling, and an induced polarization survey, all designed to evaluate the high-grade oxide copper blanket at Kazhiba. Midnight Sun President and… Read More Here

Copper International

FQM Offers Voluntary Retirement Amid Uncertainty at Cobre Panama Mine

September 19, 2024September 19, 2024 Constance

TORONTO – Canadian miner First Quantum Minerals has introduced a voluntary retirement scheme for workers at its Cobre Panama mine, as it awaits a government decision on the future of the operation, two sources familiar with the matter revealed. The Cobre Panama mine, one of the world’s leading copper sources, was shut down in November after Panama’s Supreme Court declared its contract unconstitutional. The closure was also fueled by environmental protests against the mine. Panama’s new government, led by President Jose Raul Mulino, has indicated that the mine will not… Read More Here

Mining in Zambia Copper Gold

Zambia’s Chamber of Mines Warns of Investor Risks Amid Proposed Mining Reforms

September 19, 2024September 19, 2024 Constance

Zambia’s Chamber of Mines has raised concerns over proposed legislative and policy reforms, calling them “an unprecedented threat” to investors’ rights and warning that they could hinder the country’s goal to significantly boost copper production. The Chamber, which includes major industry players like First Quantum Minerals Ltd. and Barrick Gold Corp., opposes a draft law that would increase state control over certain minerals. It argues that these measures will undermine investor confidence and discourage future investment. In a statement issued on Tuesday, the Chamber criticized President Hakainde Hichilema’s administration for… Read More Here

Mining in Zambia Copper New Mining Projects

Mimosa Resources Secures $3 Million for Zambia’s Kashime Copper Mine Development

September 19, 2024September 19, 2024 Constance

Zambian mining company Mimosa Resources has secured a $3 million investment from Australian Stock Exchange-listed Zeta Resources for the development of its Kashime copper mine near Mkushi in Central Province. The funding will support final feasibility studies and preparatory work at the site. Mimosa Resources’ Executive Chairman, Jordan Soko, expressed confidence in the project, highlighting that Zeta’s investment reflects strong belief in Mimosa’s potential and the local expertise driving the Kashime mine. He noted the mine’s critical role in helping Zambia achieve its goal of producing 3 million tonnes of… Read More Here

International Copper

Andrada Mining Reports Promising Drilling Results at Brandberg West

September 15, 2024September 15, 2024 Constance

Andrada Mining CEO Anthony Viljoen has announced highly encouraging initial drilling results from the Brandberg West project, revealing significant high-grade intersections of tin, tungsten, and copper. The Brandberg West project is located within exploration license EPL 5445 in Namibia’s Erongo region, approximately 100 km from Andrada’s flagship Uis Tin Mine. Historically, the Brandberg West open pit mine was operated by Gold Fields Limited until the 1980s, when exploration ceased due to a global collapse in tin prices. The mine previously produced tin and tungsten concentrates with secondary copper, though the… Read More Here

Copper International

FQM expects feasibility studies for Peru mine by 2028

September 15, 2024September 15, 2024 Constance

Canadian miner First Quantum Minerals expects updated drilling results for its Peru copper project La Granja in the second half of next year, and feasibility studies by 2028, project development manager Steven Lewis said on Thursday. “The drilling is progressing well, it’s at 35%, and we expect to have the results in the second half of next year,” Lewis said on the sidelines of a mining industry conference. About the feasibility studies slated for completion by 2028, he said: “We’re working to meet this deadline.” First Quantum last year purchased… Read More Here

Mining in Zambia Copper

FQM Empowers Local Entrepreneurs with Business Clinic in Kalumbila

September 15, 2024September 15, 2024 Constance

First Quantum Minerals (FQM) has once again opened its doors to local entrepreneurs by hosting its annual business clinic in Kalumbila, aimed at empowering small and medium-sized enterprises (SMEs). Held in collaboration with the Zambia Development Agency (ZDA), the event attracted government officials, financial institutions, and industry leaders under the theme “Driving Local Economic Growth Through Sustainable Partnerships.” The clinic, organized by FQM’s Trident Foundation, focuses on integrating local businesses into the mining supply chain, offering practical knowledge, networking opportunities, and support to foster SME growth within the North-Western Province.… Read More Here

Mining in Zambia Copper New Mining Projects

Feasibility Study on Lumwana Super Pit Expansion Expected by Year-End

September 12, 2024September 16, 2024 Constance

The feasibility study for the expansion of Barrick’s Lumwana mine in Zambia is expected to be completed by the end of the year, paving the way for construction to start in 2025 the company said. Speaking during a webinar focused on updating the market on the Lumwana Super Pit Expansion Project, Barrick president and chief executive Mark Bristow said the expansion unlocks the potential to transform the Lumwana mine into a long-life, high yielding, Top 25 copper producer1 and a Tier One2 copper mine, capable of contending with the volatility… Read More Here

Mining in DRC Contracts & tenders Copper Mining Supply Tenders

Glencore, Trafigura, and Mercuria Secure Copper Deals from DRC’s Gecamines

September 11, 2024September 16, 2024 Constance

Glencore Plc, Mercuria Energy Group, and Trafigura Group have successfully secured copper purchases from the Democratic Republic of Congo’s (DRC) state-owned mining company, Gecamines. This marks the first time Gecamines has marketed copper from its joint-venture projects. The three major commodity trading firms won bids to purchase copper from the Tenke Fungurume mine, a vast operation owned by China’s CMOC Group Ltd. and Gecamines. According to sources familiar with the deal, the Tenke Fungurume mine is one of the DRC’s largest copper and cobalt producers, with exports of 361,000 tons… Read More Here