Copper - Copperbelt Katanga Mining

Peru’s August copper output jumps 11% after five-month decline

October 19, 2024October 19, 2024 Constance

Peru’s copper production rose by 10.7% in August compared to a year earlier, reaching the highest level of any month this year, the Andean nation’s energy and mines ministry said on Wednesday, though accumulated output remained below 2023 levels. The monthly increase follows five months of consecutively lower year-on-year output. August’s production landed at 246,568 metric tons, bringing the accumulated output from January through August to 1.76 million metric tons, 0.7% less than in the same period in 2023, the ministry said. Peru, the world’s third largest copper producer, produced… Read More Here

Mining in Zambia Copper Mergers & Acquisitions Nickel

Saudi’s Manara Minerals Eyes Stake in First Quantum’s Zambian Mines

October 18, 2024October 18, 2024 Constance

Saudi Arabia’s Manara Minerals is close to finalizing a deal to acquire a minority stake in First Quantum Minerals’ Zambian copper and nickel assets, sources familiar with the matter told Reuters. Manara, a joint venture between Saudi mining company Ma’aden and the $925-billion Public Investment Fund, is in advanced discussions to purchase a 15% to 20% equity share in the Zambian operations. The stake is estimated to be worth between $1.5 billion and $2 billion. First Quantum’s sale of the stake is expected to be completed by year-end, though there… Read More Here

Mining in Zambia Copper Drilling

Tertiary Minerals Completes Inaugural Drilling at Mushima North Copper Project in Zambia

October 17, 2024October 17, 2024 Constance

Aim-listed Tertiary Minerals has successfully concluded its first drilling program at the Mushima North copper project in Zambia. The objective was to test the A1 and C1 copper, zinc, and arsenic soil anomalies identified through last year’s soil sampling. The program involved drilling 25 reverse circulation holes, reaching a maximum depth of 112 meters, with three drill traverses at the A1 anomaly and one at the C1 anomaly. Tertiary is now conducting portable X-ray fluorescence analysis on the samples, with selected samples being sent to an independent laboratory for further… Read More Here

Mining in DRC Cobalt Copper Corporate News

Metalkol Enters Copper Mark for Sustainable Production in the DRC

October 17, 2024October 17, 2024 Constance

Eurasian Resources Group’s (ERG) Metalkol operation in the Democratic Republic of Congo (DRC) has officially entered the Copper Mark assurance process, following a letter of commitment signed on September 12. The Copper Mark, an assurance framework launched in 2020, is aimed at promoting responsible mineral sourcing and production across the copper, nickel, molybdenum, and zinc value chains. The assurance process is voluntary, transparent, and independent, involving third-party assessments by approved assessors. These evaluations will verify whether Metalkol meets the stringent requirements for responsible production practices. By participating in this process,… Read More Here

Mining in Zambia Cobalt Copper Events & Expos Press Release

Anglo American Highlights the Vital Role of Zambian Capital Markets for Mining Sector Growth

October 13, 2024October 13, 2024 Constance

A strong and vibrant local capital market is essential to attract foreign institutional investors to Zambia’s mining sector, said Norman Mbazima, senior Anglo American executive for the last 20 years and Chairman of Anglo American Platinum. Speaking at the Zambian Mining and Investment Insaka last week, Mr Mbazima underscored the critical importance of creating a conducive investment climate to unlock the country’s mining potential. Participating in a panel discussion titled “Mining Beyond Copper: What’s in it for Zambia?”, Mr Mbazima joined a group of esteemed experts to explore the past,… Read More Here

Mining in DRC Cobalt Copper Events & Expos

Glencore’s 6th Annual DRC Mining Conference Highlights ESG and Sustainability Efforts

October 13, 2024October 13, 2024 Constance

On October 8, 2024, Glencore held its 6th annual conference in Kinshasa, Democratic Republic of Congo (DRC), bringing together key stakeholders to address crucial issues in the country’s mining sector. The event, an essential platform for industrial miners like Glencore, emphasized the promotion of Environmental, Social, and Governance (ESG) standards, traceability, and sustainability. Glencore has been a significant player in the DRC since 2007, contributing substantially to the nation’s economy through its copper and cobalt production. Its major assets include Kamoto Copper Company (KCC), co-owned with Gécamines (25% stake), and… Read More Here

Mining in Zambia Copper Partnership

Zambia to Retain Majority Stake in Key Mining Projects

October 11, 2024October 11, 2024 Constance

Zambia’s government plans to maintain a majority stake in certain promising mining licenses identified through an ongoing mapping exercise, while inviting private investors to develop these assets through joint ventures with the state. Mines Minister Paul Kabuswe announced that the government has established a special purpose vehicle (SPV) to facilitate investment as part of Zambia’s strategy to boost copper production. As Africa’s second-largest copper producer, Zambia aims to surpass 1 million tonnes of copper output by the end of 2025. The SPV will hold licenses for key areas and seek… Read More Here

Mining in Zambia Copper Economy

Zambia Aims for Over 1 Million Tonnes of Copper Production by 2025

October 10, 2024October 10, 2024 Constance

Zambia’s Mines and Minerals Development Minister, Paul Kabuswe, has announced that the country aims to increase copper production to over 1 million tonnes by the end of 2025. He expressed optimism that the long-term goal of reaching 3 million tonnes by 2031 is achievable. Minister Kabuswe made these remarks during a high-level panel discussion focused on policies to meet the ambitious copper production target at the ongoing Mining and Investment Insaka in Lusaka. Finance Minister Situmbeko Musokotwane emphasized the importance of teamwork in achieving this target. He noted the necessity… Read More Here

International Copper Drilling

Trigon Metals Hits High-Grade Copper-Silver at Namibia’s Kombat Mine

October 10, 2024October 10, 2024 Constance

Trigon Metals (TSXV: TM) has reported significant new high-grade copper and silver mineralization from its ongoing drilling at the Kombat copper-silver mine in north-central Namibia. The drilling program, targeting resource upgrades near past producing areas, has yielded promising results, boosting the company’s stock. Notable drill results include: These drill holes are part of a 3,500-metre resource upgrade program, conducted at a depth of 105 metres on level 3 of Shaft 1. The drilling targeted areas to the northeast and southwest of previous intercepts, confirming the presence of high-grade mineralization adjacent… Read More Here