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Category: Copper

Zambia's Mines Minister Warns Mining Licence Holders Against Illegal Mining 1 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 2 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 3 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 4 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
Tertiary Minerals' Zambian Subsidiary Signs Strategic Agreement with FQM on Mukai Copper Project 5 Mining in Zambia Copper New Mining Projects Partnership 

Tertiary Minerals’ Zambian Subsidiary Signs Strategic Agreement with FQM on Mukai Copper Project

Constance
Tertiary Minerals’ newly established Zambian subsidiary, Copernicus Minerals, has signed a binding letter of agreement (BLA) with First Quantum Minerals (FQM) for the Mukai copper project in Zambia. Copernicus Minerals is 90% owned by Tertiary Minerals (Zambia), which is 96% owned by Tertiary Minerals. Under the agreement, FQM is granted an initial 24-month exploration due diligence period, during which it is committed to funding a minimum of $1.5 million in exploration expenses, with $500,000 allocated for the first year (Phase 1). FQM can earn an initial 51% stake in the… Read More Here
Glencore Halts Cobalt Stockpiling as Surplus Market Predicted for 18-20 Months 6 Mining in DRC Cobalt Copper 

Glencore Halts Cobalt Stockpiling as Surplus Market Predicted for 18-20 Months

Constance
Glencore has ceased stockpiling electric vehicle (EV) battery material cobalt, according to CEO Gary Nagle, who stated on Wednesday that the market is likely to remain in surplus for another 18 to 20 months. In August 2023, the London-listed miner announced that it had stockpiled cobalt in the first half of the year, reducing supplies to the market to support prices. However, the company did not disclose the quantity of cobalt stockpiled, and Nagle declined to comment on current stock levels. Increased production in the Democratic Republic of Congo (DRC),… Read More Here
FQM to trim work hours at stalled Panama copper mine 7 Mining in Zambia Copper 

FQM to trim work hours at stalled Panama copper mine

Constance
First Quantum Minerals Ltd. is trimming working hours at its stalled copper mine in Panama in a bid to rein in the cost of preserving the site following last year’s shutdown order, the union said. The Canadian firm will reduce extraordinary hours available to workers and end Sunday activities, according to a union statement. Changes will take effect Aug. 15. First Quantum declined to comment. “The company is executing this action without support from the workers that are still there to keep the project afloat,” union leader Michael Camacho said… Read More Here
Proposed Mining Law Threatens Zambia's Copper Production Goals 8 Mining in Zambia Copper Economy 

Proposed Mining Law Threatens Zambia’s Copper Production Goals

Constance
Zambia’s proposed Minerals Regulation Law could deter investment and deliver a “fatal blow” to the country’s goal of increasing annual copper output to 3 million metric tons, according to two mining organizations. As Africa’s second-largest copper producer, Zambia is considering a Minerals Regulation Commission Bill that would allow the government to acquire a stake in exploration areas before granting licenses to investors for mineral exploration, including copper. The proposed legislation, which was reviewed by Reuters, seeks to empower the finance minister to maintain a shareholding in a mining license on… Read More Here

Tenke Fungurume Mining Reports Strong Production and Community Impact in H1 2024

Constance
Tenke Fungurume Mining (TFM) has announced its mining production results for the first half of 2024 in the Democratic Republic of Congo (DRC). According to a press release issued on Tuesday, TFM produced approximately 102,405 tonnes of copper cathodes and 7,061 tonnes of cobalt metal in the form of cobalt hydroxide. As of the first quarter of 2024, the company reported paying approximately USD 171.69 million in taxes and related payments to the DRC. Since the project commenced in 2006, TFM has contributed around USD 6.063 billion in total payments,… Read More Here
Tenke Fungurume Mining Celebrates Copper Mark Certification 9 Mining in DRC Copper Environment Social Governance (ESG) 

Tenke Fungurume Mining Celebrates Copper Mark Certification

Constance
The Copper Mark is a prestigious certification awarded to mining companies that undergo a rigorous audit of their environmental, social, and governance (ESG) practices. To date, only 52 mining operations worldwide have received this mark of distinction, with Tenke Fungurume Mining (TFM) being the first mine in Africa to achieve this certification. The celebration of this significant accomplishment took place on July 31, commemorating the international recognition obtained on June 12. The event was hosted at TFM’s facilities, with CEO Wang Hanyuan, PCA Wang Quan, and CEO John Woto attending… Read More Here

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