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Category: Copper

Tertiary Minerals Identifies Large Copper Anomaly at Mupala Project 1 Mining in Zambia Copper 

Tertiary Minerals Identifies Large Copper Anomaly at Mupala Project

Constance
Aim-listed Tertiary Minerals has identified a significant copper-in-soil anomaly at its Mupala project in Zambia. The company announced on July 29 that field analytical results from a recent soil sampling program confirmed the prospectivity of the license, supplementing historical data and its proximity to other copper prospects. Tertiary Chairperson Patrick Cheetham noted that while more work is needed to determine the significance of this soil anomaly, it marks a promising start to exploration at Mupala. The Mupala project is located on the west side of the Kabompo Dome in Zambia’s… Read More Here
Galileo Resources Begins Copper Exploration with Drill Program in Zambia 2 Copper Exploration Mining in Zambia 

Galileo Resources Begins Copper Exploration with Drill Program in Zambia

Constance
London-listed Galileo Resources has engaged a Zambian contractor to commence a drill program of approximately 700 meters as part of the initial phase of exploration on licence 28001-HQ-LEL in Zambia, with rig mobilization scheduled for later this week. The licence is situated within the Western Foreland domain, an area potentially hosting Kamoa-Kakula-style copper deposits. The company states that the licence is strategically located along the strike of the Kamoa-Kakula mining complex in the Democratic Republic of Congo (DRC) and adjacent to a substantial exploration licence area acquired by Ivanhoe Mines… Read More Here
LME approves Saudi port as warehouse delivery point 3 International Copper 

LME approves Saudi port as warehouse delivery point

Constance
The London Metal Exchange (LME) has approved Red Sea port city Jeddah in Saudi Arabia as a warehouse delivery point for copper and zinc, it said on Monday. The exchange said the listing will become active three months after the first warehouse company has been approved in the new location. Warehouses registered with the LME, the world’s largest and oldest metals trading venue, are usually located in areas of net metals consumption or top transit hubs such as Rotterdam. Saudi Arabia is planning an ambitious industrial development and logistics program,… Read More Here
FQM PARTNERS WITH UNZA AND CBU TO LAUNCH APPLIED FIELDWORK COURSE 4 Mining in Zambia Copper Press Release 

FQM PARTNERS WITH UNZA AND CBU TO LAUNCH APPLIED FIELDWORK COURSE

Constance
 First Quantum Minerals has partnered with the University of Zambia (UNZA) and Copperbelt University (CBU) to create a comprehensive residential applied fieldwork course aimed at providing students with practical insights into the mineral exploration industry.   The course, spanning seven days, is conducted in an exploration field camp setting, featuring modules that replicate the entire exploration lifecycle from target generation to drill testing and related activities.  Some 15 fourth and fifth year UNZA students took part in the inaugural course earlier this month through the UNZA Society of Economic Geologist’s… Read More Here
ZCCM-IH DELIVERS A K146 MILLION DIVIDEND TO IDC 5 Mining in Zambia Copper 

ZCCM-IH DELIVERS A K146 MILLION DIVIDEND TO IDC

Constance
ZCCM Investments Holdings Plc (ZCCM-IH) has handed over a K146 million dividend cheque to its majority shareholder, the Industrial Development Corporation (IDC), for the 2023 financial year. ZCCM-IH CEO, Dr Ndoba J.Vibetti handed over the dividend cheque to IDC CEO Mr Cornwell Muleya, earlier today. Some key highlights from Dr. Vibetti’s remarks during the handover ceremony: • Dividend Consistency: This marks the 9th consecutive year that ZCCM-IH has paid a dividend to the IDC. Last year, a record dividend of K436 million was paid for the financial year 2021 and 2022.… Read More Here
CMR Secures High-Grade Silver/Copper Project in Morocco and Raises £750,000 for Exploration 6 International Copper Exploration 

CMR Secures High-Grade Silver/Copper Project in Morocco and Raises £750,000 for Exploration

Constance
Critical Mineral Resources (CMR) has signed an exclusive option to acquire the Igli project, a high-grade silver/copper site in Morocco’s Anti-Atlas region, with reported grades up to 912 g/t silver and 2.97% copper. To support this acquisition and fund exploration, CMR has raised £750,000 through a convertible loan note (CLN) issue. A significant portion of this investment comes from the Swiss and UAE-based Prism Group, known for its long-term investment strategy. CMR’s nonexecutive chairperson, Dominic Traynor, will transition to executive chairperson to oversee the company’s strategic developments. The Igli project… Read More Here
Non Ferrous Company to Create 2,400 Jobs with $600 Million Expansion in Kalulushi 7 Mining in Zambia Copper 

Non Ferrous Company to Create 2,400 Jobs with $600 Million Expansion in Kalulushi

Constance
Non Ferrous Company Africa (NFCA) Mining Limited is poised to create approximately 2,400 jobs through the expansion of its South East Ore Body project in the Kalulushi District of Copperbelt Province. The company has committed a substantial investment of $600 million for this significant development. During a media tour in Chambeshi, NFCA Chairperson Zhanyan Li outlined the ambitious plans, stating, “This expansion will boost our copper production to 110,000 tonnes per year.” He further highlighted the economic benefits, noting that the project is expected to generate $36.15 million in taxes… Read More Here
Panamanian President Delays Addressing FQM Copper Mine Issues Until 2025 8 International Copper 

Panamanian President Delays Addressing FQM Copper Mine Issues Until 2025

Constance
Panamanian President Jose Raul Mulino announced on Thursday that the government will not address issues surrounding the shuttered First Quantum copper mine until early 2025. The Cobre Panama mine, one of the world’s largest copper sources, was closed in November after Panama’s Supreme Court declared its contract unconstitutional. First Quantum had been granted a 20-year mining right with an option to extend for another 20 years, in exchange for $375 million in annual revenue to Panama. Critics argued the contract was too favorable to the company, and environmental protests against… Read More Here
Zambia's Copper Production Set to Surge by 2027 9 Copper Economy Mining in Zambia Uncategorized 

Zambia’s Copper Production Set to Surge by 2027

Constance
Zambia’s annual copper production is projected to grow by more than 40% to reach 1 million tons by 2027, according to the country’s Finance Ministry. As Africa’s second-largest copper producer, Zambia aims to capitalize on the anticipated supply shortfall driven by the energy transition, which is increasing demand for copper in electric vehicles and wind farms. In 2023, Zambia’s copper output fell to a 14-year low of 698,566 tons due to frequent tax changes and conflicts with the previous government. However, the Ministry of Finance and National Planning’s medium-term budget… Read More Here
FQM launches standstill deal with Chinese shareholder 10 International Copper 

FQM launches standstill deal with Chinese shareholder

Constance
First Quantum Minerals Ltd. reached an agreement with Jiangxi Copper Co Ltd., its second-largest shareholder, that limits the Chinese firm’s ownership of the Canadian copper producer. First Quantum said Tuesday that the shareholder rights agreement prevents Jiangxi from buying more stock in t company or selling a shares block of 5% or larger without First Quantum’s consent. The three-year agreement also gives Jiangxi the right to nominate one person for consideration by First Quantum’s governance committee to the board of directors. The agreement follows efforts by Canada’s government to crack… Read More Here

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