You are here

Category: Copper

Incident at Glencore's Copper Smelter Sparks Concerns from Australian Workers' Union 1 International Copper Mine Safety 

Incident at Glencore’s Copper Smelter Sparks Concerns from Australian Workers’ Union

Constance
The Australian Workers’ Union (AWU) has raised serious concerns following an incident at Glencore’s copper smelter in Mount Isa, which left two workers critically injured. AWU Queensland secretary Stacey Schinnerl expressed deep concern over the incident, stating, “Tough questions need to be asked about how an incident like this has occurred.” According to reports, the contract workers were at the Mount Isa Mines copper smelter when a steam vent opened adjacent to their work area. The incident occurred on Thursday and resulted in severe injuries to the workers. ABC News… Read More Here
Anglo American Rejects BHP's Unsolicited Proposal 2 International Copper 

Anglo American Rejects BHP’s Unsolicited Proposal

Constance
Anglo American plc has officially rejected the unsolicited, non-binding, and highly conditional combination proposal from BHP Group Limited, following careful consideration by its Board. The Proposal involved an all-share offer for Anglo American by BHP, contingent upon Anglo American completing two separate demergers of its entire shareholdings in Anglo American Platinum Limited and Kumba Iron Ore Limited to Anglo American shareholders. These transactions were inter-conditional. After thorough evaluation with its advisers, the Board concluded that the Proposal significantly undervalues Anglo American and its future prospects. Additionally, the proposed structure was… Read More Here
Copper’s new cycle: from women to the world 3 Uncategorized Copper Environment Social Governance (ESG) Mining in Zambia 

Copper’s new cycle: from women to the world

arnbethnic
A Kansanshi-supported value addition initiative has blossomed into a jewellery studio that’s building women’s careersIt’s 7am and 13 young women are seated around a table in the centre of Nsanshi Art’s spacious workshop, sunlight streaming through the wide windows. Clamps and jeweller’s saws and torches lie on workstations around them, waiting for the work day to start, when they will turn scraps of discarded copper into custom-made jewellery and other value-added products. These women are the latest students in Nsanshi Art’s two-year training programme, during which they will learn a set… Read More Here
FQM cuts debt by over $1bn in first quarter 4 International Copper 

FQM cuts debt by over $1bn in first quarter

Constance
Canadian miner First Quantum Minerals said on Tuesday that it has cut its debt by $1.14 billion in the first quarter. The company in February had announced a series of capital restructuring measures that would strengthen its balance sheet and cut debt, a move that will help the Canadian miner deliver on its “operational objectives.” The company’s total debt as of March 31 stands at $5.99 billion, down from its previous debt of $7.38 billion. The copper miner reported a net loss attributable to shareholders of the company at $159… Read More Here
FQM says probability of taking out copper from Panama mine only after election 5 International Copper News in Brief 

FQM says probability of taking out copper from Panama mine only after election

Constance
Canadian miner First Quantum Minerals said on Wednesday the likelihood of taking out the 121,000 tonnes of copper from its disputed Cobre Panama mine can only happen after the Panama national election. First Quantum’s Cobre Panama is under preservation and safe maintenance after the current Panama government ordered the closure of the copper mine last year. Panama goes to polls in May this year. SOURCE:mining.com Read More Here
ZCCM-IH Clarifies Misleading Claims Regarding Royalty Transactions with Kansanshi Mine 6 Mining in Zambia Copper Press Release 

ZCCM-IH Clarifies Misleading Claims Regarding Royalty Transactions with Kansanshi Mine

Constance
ZCCM Investments Holdings Plc (ZCCM-IH) has issued a statement to address recent misinformation circulating on social media platforms concerning its royalty transactions with Kansanshi Mine. The company unequivocally refutes the claims made in the video/audio content, asserting that they are misleading, inaccurate, and lacking factual basis. First and foremost, ZCCM-IH emphasizes that it is not a shareholder in First Quantum Minerals (FQM) Group. Instead, the company holds an interest in Kansanshi Mine, where FQM is the majority shareholder. It is crucial to understand that the figures presented in the misleading… Read More Here
Shortages key to copper's upward price trajectory to new peaks 7 International Copper 

Shortages key to copper’s upward price trajectory to new peaks

Constance
 Upward momentum that has propelled copper prices to within a whisker of the psychological $10,000 a metric ton mark is expected to be sustained by the appearance of shortages over the coming months. Copper prices have recently been bolstered by expectations of tight supplies and optimism about demand prospects from energy transition applications such as electric vehicles and new technology such as artificial intelligence and automation. A pick-up in manufacturing activity, particularly in top consumer China where surveys of purchasing managers have started to show expansion has also contributed to… Read More Here
Japanese Govt Pledges K38 Billion Investment in Zambia's Mining Sector 8 Mining in Zambia Copper Economy 

Japanese Govt Pledges K38 Billion Investment in Zambia’s Mining Sector

Constance
The Japanese Government has committed to invest K38 billion to support Japanese ventures in Zambia’s mining industry, aiming to bolster bilateral cooperation in this crucial sector. During a bilateral meeting held in Tokyo, Japan’s Minister of Economy, Trade and Industry, Saito Ken, expressed the Japanese Business Corporation’s keen interest in investing in Zambia’s mining industry. Vice Minister Taku Ishii further highlighted collaboration efforts between the Japan Organization for Metals and Energy Security (JOGMEC) and the Zambian Government on exploration projects. In response, Zambia’s Minister of Mines and Minerals Development, Paul… Read More Here
Zambia Aims for Three Million Tonnes of Copper Production by 2031 9 Mining in Zambia Copper 

Zambia Aims for Three Million Tonnes of Copper Production by 2031

Constance
The Zambian government is gearing up to launch an initiative aimed at boosting copper production to three million tonnes annually by 2031. This ambitious goal was unveiled during the African Minerals Development Center Assessment workshop in Lusaka, focusing on sustainable mineral resource management and alignment with the African Mining Vision (AMV). Tobias Musonda, Director of Planning and Information for Mines and Minerals Development, announced that the strategy to achieve this target is nearing completion. The initiative will involve collaboration between existing mining companies and artisanal small-scale miners. Dr. Marit Kitaw,… Read More Here
Zijin’s Congo mine shipments returned due to radiation levels 10 Mining in DRC Cobalt Copper 

Zijin’s Congo mine shipments returned due to radiation levels

Constance
Mineral shipments from a Congolese copper and cobalt operation majority-owned by China’s Zijin Mining Group Co. Ltd were returned due to overly high radiation levels, the Congolese mines minister said in a letter seen by Reuters on Monday. The letter, dated April 12, informed the COMMUS project in which Zijin owns a 72% stake that the ministry had suspended its licence while it investigated the issue. “I am informed of the return of your shipments that exported … mineral products to South Africa on the grounds that their radioactivity content… Read More Here

You have successfully subscribed to the newsletter

There was an error while trying to send your request. Please try again.

Copperbelt Katanga Mining will use the information you provide on this form to be in touch with you and to provide updates and marketing.