Copper - Copperbelt Katanga Mining

President Hichilema Hails Three Years of Progress, Highlights Key Achievements

August 21, 2024August 21, 2024 Constance

President Hakainde Hichilema has hailed his three years in office as a success, emphasizing significant achievements across various sectors due to dedicated efforts. Among the accomplishments highlighted are the revitalization of key mining operations, including Mopani Copper Mines, Konkola Copper Mines (KCM), and Shaft 28 in Luanshya. The President made these remarks during an interaction with the public and journalists at Simon Mwansa Kapwepwe International Airport in Ndola. His visit to the Copperbelt Province is part of a two-day working tour. Earlier, President Hichilema met with UPND Bwana Mukubwa Party… Read More Here

Mining in Zambia Copper Economy

President Hichilema Urges Vedanta to Strengthen Community Relations as KCM Operations Resume

August 21, 2024August 21, 2024 Constance

President Hakainde Hichilema has called on Vedanta Resources Limited, the owner of Konkola Copper Mines (KCM), to improve its engagement with local communities as it resumes operations. He emphasized that the government has already discussed with the company to prevent the issues that led to the mine’s previous liquidation, stressing the need for a renewed commitment to responsible practices. The President also highlighted the importance of mining companies fulfilling their obligations to traditional leaders, including the sponsorship of cultural ceremonies. He made these remarks during a meeting with traditional leaders… Read More Here

Mining in DRC Copper

Kamoa-Kakula reports a record 35,941 tonnes of copper produced in July

August 20, 2024August 20, 2024 Constance

Phase 3 increases annual copper production capacity to over 600,000 tonnes, making Kamoa-Kakula the third-largest copper mining complex globally Kolwezi, Democratic Republic of the Congo–(Newsfile Corp. – August 19, 2024) – Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Executive Co-Chairman Robert Friedland and President Marna Cloete announced today that the Phase 3 concentrator at Kamoa-Kakula Copper Complex in the Democratic Republic of the Congo (DRC) has reached commercial production. In addition, Kamoa-Kakula’s Phase 1, 2 and 3 concentrators achieved a combined monthly production record of 35,941 tonnes of copper in July. Mr. Friedland… Read More Here

International Copper

Chinese Copper Exports Plunge as Domestic Demand Surges

August 20, 2024August 20, 2024 Constance

Chinese copper exports sharply declined in July, falling 40% from June to 140,940 tons, according to customs data released Sunday. This drop follows a historic surge in June, as domestic buyers capitalized on the metal’s price drop. Despite the decline, July’s export volume remains nearly double that of the previous year, with shipments over the first seven months of 2024 up 43% compared to 2023. The surge in international copper prices, which reached a record high in May, had led to an unusual increase in Chinese exports, filling London Metal… Read More Here

Mining in DRC Cobalt Copper

DRC Mines Minister Visits Tenke Fungurume to Inspect Development Projects

August 20, 2024August 20, 2024 Constance

On Saturday, August 17, Minister of Mines Kizito Pakapomba arrived in Fungurume and was warmly received at Tenke Fungurume Mining (TFM) Airport by CEO Wang Hanyuan, along with other senior management members and state representatives. The delegation, including Gécamines Deputy General Manager and other government officials, gathered at the foot of the plane to welcome the minister. The visit commenced with an overview of the 30K factory, TFM’s latest facility, which is expected to significantly boost copper and cobalt production once it reaches full capacity. The minister then visited the… Read More Here

Mining in Zambia About Company Copper Gold

Kansanshi Copper-Gold Mine – A Flagship of Innovation and Sustainability

August 19, 2024August 26, 2024 Constance

Overview The Kansanshi copper-gold mine, located near Solwezi in Zambia’s North Western Province, has been a cornerstone of operations since 2005. As one of Africa’s largest copper-producing mine, Kansanshi stands out for its world-class efficiency and cutting-edge technology. Managed by Kansanshi Mining PLC, 80% owned by First Quantum, the mine employs over 13,000 people, predominantly Zambians, contributing significantly to the local economy. Mining and Processing Kansanshi is renowned for its rich vein deposits, with copper and gold mineralization found in three distinct ore types: primary sulphide, mixed supergene, and oxide.… Read More Here

Copper International

Wave of Chinese copper fills warehouses abroad as demand weakens

August 18, 2024August 18, 2024 Constance

Copper and nickel made in China flooded overseas into warehouses tracked by the London Metal Exchange last month, as tepid domestic demand triggers a wave of exports that has weighed on global prices. China, the largest metals market, is typically a significant net copper importer, but weak local conditions have reversed global trade flows in recent months, weighing on prices. Chinese-origin copper made up 72% of the increase in exchange-monitored inventories in July, and accounted for 53% of the total at the end of the month, up from 45% in… Read More Here

Mining in Zambia Copper New Mining Projects

President Hichilema Launches $600 Million Sinomine Kitumba Mining Project in Mumbwa

August 18, 2024August 18, 2024 Constance

President Hakainde Hichilema has officially launched the $600 million Sinomine Kitumba mining project in Mumbwa District, Central Province, marking a significant step in revitalizing Zambia’s mining industry and boosting economic growth. During the groundbreaking ceremony, President Hichilema highlighted the project’s crucial role in copper cathode production, supported by the development of a 50-megawatt solar power plant that will be integrated into Zambia’s national grid. The project is expected to create over 2,500 direct and indirect jobs, providing substantial employment opportunities across various sectors. “This investment will have a transformative impact… Read More Here

Transport and Logistics Copper

Train Derailment on Angola’s Lobito Corridor Disrupts Copper and Sulfur Transport

August 16, 2024August 16, 2024 Constance

A train derailment on Angola’s Lobito Corridor has disrupted the transportation of key commodities, including copper concentrates, the railway operator reported on Today. The Lobito Corridor is a crucial trade route connecting the mineral-rich Democratic Republic of Congo (DRC) with Angola’s Lobito port on the Atlantic Ocean. This corridor holds strategic importance for the United States and the European Union, both of which are seeking greater access to the minerals essential for the global shift to cleaner energy technologies. The derailment occurred on Thursday between the Cavimbe and Cangumbe stations… Read More Here

Mining in DRC Cobalt Copper

DRC’s Renegotiated Mining Contract with Chinese Enterprise Sparks Debate Over Missed Potential

August 16, 2024August 16, 2024 Constance

The recently signed contract on March 14 between the Democratic Republic of Congo (DRC) and the Chinese Enterprise Group (GEC) continues to fuel discussions. Bodom Matungulu, president of the think tank RDC Stratégie, which specializes in public policy, argues that the renegotiated contract, known as “Amendment No. 5,” could potentially generate over $117 billion for the DRC, thanks to the significant reserves of copper and cobalt within the country’s subsoil. However, he contends that the contract represents only a small fraction of the DRC’s vast mining potential. “The deposits covered… Read More Here