Copper - Copperbelt Katanga Mining

FQM Empowers Local Entrepreneurs with Business Clinic in Kalumbila 1

First Quantum Minerals (FQM) has once again opened its doors to local entrepreneurs by hosting its annual business clinic in Kalumbila, aimed at empowering small and medium-sized enterprises (SMEs). Held in collaboration with the Zambia Development Agency (ZDA), the event attracted government officials, financial institutions, and industry leaders under the theme “Driving Local Economic Growth Through Sustainable Partnerships.” The clinic, organized by FQM’s Trident Foundation, focuses on integrating local businesses into the mining supply chain, offering practical knowledge, networking opportunities, and support to foster SME growth within the North-Western Province.… Read More Here

Mining in Zambia Copper New Mining Projects

Feasibility Study on Lumwana Super Pit Expansion Expected by Year-End

September 12, 2024September 16, 2024 Constance

The feasibility study for the expansion of Barrick’s Lumwana mine in Zambia is expected to be completed by the end of the year, paving the way for construction to start in 2025 the company said. Speaking during a webinar focused on updating the market on the Lumwana Super Pit Expansion Project, Barrick president and chief executive Mark Bristow said the expansion unlocks the potential to transform the Lumwana mine into a long-life, high yielding, Top 25 copper producer1 and a Tier One2 copper mine, capable of contending with the volatility… Read More Here

Mining in DRC Contracts & tenders Copper Mining Supply Tenders

Glencore, Trafigura, and Mercuria Secure Copper Deals from DRC’s Gecamines

September 11, 2024September 16, 2024 Constance

Glencore Plc, Mercuria Energy Group, and Trafigura Group have successfully secured copper purchases from the Democratic Republic of Congo’s (DRC) state-owned mining company, Gecamines. This marks the first time Gecamines has marketed copper from its joint-venture projects. The three major commodity trading firms won bids to purchase copper from the Tenke Fungurume mine, a vast operation owned by China’s CMOC Group Ltd. and Gecamines. According to sources familiar with the deal, the Tenke Fungurume mine is one of the DRC’s largest copper and cobalt producers, with exports of 361,000 tons… Read More Here

Mining in Zambia Copper

KCM’s Nampundwe Mine Relaunch Key to Sustaining Zambia’s Copper Operations

September 11, 2024September 11, 2024 Constance

Konkola Copper Mines (KCM) Chief Operating Officer Malcolm Mewett underscored the importance of Nampundwe Mine in ensuring the company’s profitability, emphasizing that without pyrite production from this mine, KCM’s operations are not sustainable. Speaking at the relaunch of Nampundwe Mine last week, Mewett stressed the need for modernization and increased output to secure the mine’s future. “Nampundwe is crucial for producing pyrite, which is essential for running the Nchanga Smelter. Without pyrite, our smelter cannot function, and without the smelter, KCM cannot remain profitable. Over the next 12 months, we… Read More Here

Mining in DRC Copper Green Energy Hydro power plant

CMOC Secures Clean Energy to Power DRC Copper Mining Operations

September 11, 2024September 16, 2024 Constance

China-founded CMOC (formerly China Molybdenum) has partnered with Lualaba Power to boost clean energy supply for its copper mining operations in the Democratic Republic of Congo (DRC). This renewable energy initiative aims to support the company’s energy-intensive mining and smelting activities while improving regional power stability. The agreement, signed on May 25, involves the construction of the 200-megawatt Nzilo II hydroelectric project on the Lualaba River, downstream from the existing Nzilo I dam. This project will leverage the river’s natural flow and integrate solar power storage, with water being pumped… Read More Here

Mining in DRC Cobalt Copper

ERG Secures $150M Financing to Boost DRC Copper and Cobalt Operations

September 9, 2024September 9, 2024 Constance

Eurasian Resources Group (ERG) has secured a $150 million pre-export financing agreement with Bank of China Limited, London Branch, in collaboration with Glencore International. This financing will support ERG’s mining operations in the Democratic Republic of Congo (DRC), particularly at Metalkol, a unit focused on reprocessing copper and cobalt residues. The agreement hinges on a copper cathode supply contract from Metalkol, using future export revenues as collateral. This arrangement provides ERG with the liquidity needed to sustain its investments in the Kolwezi region. “We are delighted to support the continued… Read More Here

Mining in Zambia Copper

Arc Minerals and Anglo American Forge Ahead with Promising Copper JV in Zambia

September 9, 2024September 9, 2024 Constance

Arc Minerals, a base metals exploration and development company, has confirmed that its copper joint venture (JV) with Anglo American in Zambia is on track. Despite Anglo’s recent rejection of an all-share takeover bid from BHP, the company remains focused on copper, a key element in its new strategic direction. “It’s all about copper, and that’s the number one priority for Anglo and other major companies exposed to base metals,” said Nick von Schirnding, Arc Minerals’ director and executive chairman, in a recent interview. He described the JV project in… Read More Here

Mining in Zambia Copper Transport and Logistics

Trade Expert Applauds Agreement to Revitalize TAZARA Railway

September 9, 2024September 9, 2024 Constance

Trade expert Gilbert Nkamba has commended the recent tripartite agreement between Zambia, Tanzania, and China to upgrade and revitalize the TAZARA railway line. The railway, which connects Zambia’s Copperbelt mines to the Tanzanian port of Dar Es Salaam, was originally constructed in the 1970s but has since fallen into disrepair. Last week, President Hakainde Hichilema signed an agreement with his Chinese and Tanzanian counterparts to restore the line, with China committing $1 billion in investments to enhance the export of Zambia’s critical metals. “Revitalizing TAZARA will attract foreign direct investment… Read More Here

Mining in Zambia Copper Economy

Mining Local Content Bill Set to Boost Economic Opportunities for Zambians

September 8, 2024September 8, 2024 Constance

Vice President Mutale Nalumango has emphasized that the implementation of the Mining Local Content Bill will bring significant economic benefits to all Zambians. Speaking at the Mining Local Content Conference and Expo in Kitwe, organized by the Zambia Association of Manufacturers (ZAM), Mrs. Nalumango stated that the bill will ensure that the wealth generated from Zambia’s natural resources leads to job creation and sustainable economic growth. Mines Minister Paul Kabuswe added that the bill is 90 percent complete and that legislation will soon be finalized. He noted that once implemented,… Read More Here

Mining in Zambia Copper

Ming’omba Mine Launches Scholarships to Foster AI Talent in Zambia

September 8, 2024September 8, 2024 Constance

The newly inaugurated Ming’omba Mine in Chililabombwe, owned by KoBold Metals, is offering ten scholarships in data science and exploration geography for Zambian students. In collaboration with Stanford University, Copperbelt University, and the University of Zambia (UNZA), KoBold Metals has developed this new program as part of its initiative to integrate artificial intelligence into mineral exploration. KoBold Metals aims to combine advanced exploration technologies with Zambian expertise to discover world-class mineral deposits. The Ming’omba site has already revealed substantial copper reserves, touted as the largest copper find in Zambia in… Read More Here