Zambia National Service to Launch Copper Mine in North-Western Province by 2027 1 Copper Mining in Zambia New Mining Projects 

Zambia National Service to Launch Copper Mine in North-Western Province by 2027

Zambia National Service (ZNS) Commander, Lt. General Maliti Solochi, has announced plans to open a new copper mine in Zambia’s North-Western Province by 2027. This new project will complement ZNS’s existing mining operations in Kitwe, Copperbelt Province, as the service expands its role in national economic activities alongside its security mandate. Lt. General Solochi emphasized the military’s role in pioneering development projects, stating, “Just as the internet began with the military, certain innovations often start within the armed forces before being extended to the civilian population. The military should be… Read More Here
FQM REPORTS 13% RISE IN COPPER PRODUCTION FOR Q3  2 Mining in Zambia Copper Economy 

FQM REPORTS 13% RISE IN COPPER PRODUCTION FOR Q3 

First Quantum Minerals (FQM) has reported a 13 percent increase in copper production for the third quarter of this year, accompanied by a doubling of income tax payments globally. Production at the company’s Kansanshi mine in Solwezi rose to 49,810 tonnes of copper up 20 percent or 8,303 tonnes compared with the previous quarter, while its Sentinel mine in Kalumbila produced 58,412 tonnes, up 9 percent or 4,817 tonnes compared with the second quarter of 2024. “While it is pleasing to see continued strong operational performance from the Zambian operations… Read More Here
Zambia Backs Geological and Minerals Development Bill 2024 3 Mining in Zambia Copper 

Zambia Backs Geological and Minerals Development Bill 2024

The Government of Zambia, through the Ministry of Mines and Minerals Development, and the Zambia Chamber of Mines have expressed their support for the Geological and Minerals Development Bill 2024. This announcement follows a high-level stakeholder engagement meeting held last week. The event, organized under the Public Private Dialogue Forum (PPDF), brought together representatives from the Chamber of Mines, the Mine Suppliers Association, civil society organizations, chambers of commerce, multilateral organizations, the diplomatic community, and policy think tanks to review and discuss the Bill. Both the Ministry and the Chamber… Read More Here
DRC Solidifies Position as Leading Global Producer of Cobalt and Copper from 2018 to 2022 4 Copper Cobalt Mining in DRC 

DRC Solidifies Position as Leading Global Producer of Cobalt and Copper from 2018 to 2022

Between 2018 and 2022, the Democratic Republic of Congo (DRC) solidified its status as the world’s largest producer of cobalt and the second-largest producer of copper. According to the International Monetary Fund (IMF), the DRC generated an average of $5.5 billion annually in mining revenues during this period, a notable increase from $4 billion between 2013 and 2017. This surge in revenue is further supported by analyses from various media outlets, including Bankable, a subsidiary of the Ecofin Agency, highlighting the DRC’s strategic significance in supplying critical raw materials. As… Read More Here
China’s Copper Demand to Peak by 2030 Amid Economic Shifts 5 Copper International 

China’s Copper Demand to Peak by 2030 Amid Economic Shifts

A state-backed researcher forecasts that China’s copper demand will peak around the end of this decade, signaling a potential shift away from the bullish outlook traditionally associated with copper. Beijing Antaike Information Development Co. projects strong demand from the renewables sector—an area copper advocates often highlight. However, a slowing Chinese economy and an increasing shift toward aluminum in some applications may temper future copper demand. According to Antaike analyst Yang Changhua, copper demand in China is expected to grow at an annual average of 1.1% over the five years leading… Read More Here
Falling Cobalt Prices Force DRC Artisanal Miners to Shift to Less Profitable Copper 6 Mining in DRC Cobalt Copper 

Falling Cobalt Prices Force DRC Artisanal Miners to Shift to Less Profitable Copper

Cobalt prices have plummeted over the last three years, dropping by two-thirds—a severe blow for the Democratic Republic of Congo (DRC), the world’s leading cobalt producer with the largest global reserves. This price slump has forced many artisanal miners to abandon cobalt mining, with some turning to copper despite its limited profitability. In Kolwezi’s Kamilombe artisanal mine, under a corrugated shed, 39-year-old miner Guelord Kongolo prepares raw cobalt for sale. “The activity here has slowed down; it’s not like it used to be,” says Kongolo, who supports four children. Faced… Read More Here
FQM in Talks for Potential Partnerships on Zambian Assets 7 Copper Mining in Zambia Nickel 

FQM in Talks for Potential Partnerships on Zambian Assets

First Quantum Minerals, the Canadian mining company, is in discussions with potential partners regarding its Zambian copper and nickel assets, though it has not disclosed the names of the firms involved. Last week, Reuters reported that Saudi Arabia’s Manara Minerals was nearing a deal to acquire a minority stake in these Zambian assets, citing sources familiar with the matter. “We are open to partnerships, including in Zambia, but only if it benefits our Zambian operations, the government, and all stakeholders,” First Quantum CEO Tristan Pascall said during a conference call… Read More Here
Konkola Copper Mines Reports Second Fatality at Nchanga Mine 8 Mining in Zambia Copper Mining safety 

Konkola Copper Mines Reports Second Fatality at Nchanga Mine

CHINGOLA, 21 October 2024: Konkola Copper Mines Plc (KCM) deeply regrets to announce a second fatality at its Nchanga mine. Mr. Stephen Daka, a 38-year-old dump truck driver employed by GRN Mining Contractor, tragically lost his life at the Chingola Open Pit (COP, F&D) operations on Monday, 21 October 2024, around 13:00 hours. Mr. Daka’s body was discovered by the mine’s investigation team a few meters from the dump truck he had been operating. The circumstances leading to the accident are currently under investigation. KCM’s management has expressed its heartfelt… Read More Here
Copper Prices Projected to Rise as DRC and Zambia Prepare for Increased Production 9 Mining in DRC Copper Mining in Zambia 

Copper Prices Projected to Rise as DRC and Zambia Prepare for Increased Production

Copper prices are anticipated to average around US$10,265 per tonne in the final quarter of 2024, according to estimates from Fastmarkets. Analysts at Reuters, a commodity price intelligence firm, suggest that positive economic outlooks in the United States and China will contribute to upward pressure on copper prices. Goldman Sachs has also predicted a gradual increase in copper prices in the coming months. The American bank projects that the price of copper will reach US$10,100 per tonne by 2025. This price rise is expected to enhance the revenues of copper… Read More Here
DRC Govt Advocates for Involvement in Kamoa Copper Buyer Selection 10 Mining in DRC Copper 

DRC Govt Advocates for Involvement in Kamoa Copper Buyer Selection

During a recent Council of Ministers meeting in Kinshasa, the Minister of Mines emphasized the necessity for the Congolese government to participate in the selection of buyers for Kamoa Copper. This mining company, located 25 kilometers west of Kolwezi in the Mutshatsha territory of Lualaba province, is recognized by international mining consultant Wood Mackenzie as the largest undeveloped high-grade copper discovery in the world. The Democratic Republic of Congo (DRC) is Africa’s leading copper producer and ranks fifth globally, contributing 5% of total world production. The Kamoa mine is notable… Read More Here

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