Copper - Copperbelt Katanga Mining

Copper exports from DRC to the US begin via Lobito Atlantic Railway

August 23, 2024August 23, 2024 Constance

The first US-bound copper shipment from the Democratic Republic of the Congo (DRC) via the Lobito Atlantic Railway (LAR) has been successfully loaded. The cargo of copper cathodes, destined for Baltimore, was transported by train to Angola’s port of Lobito on August 19, according to global commodities trader Trafigura Group, part of the consortium holding the railway concession. This shipment follows earlier deliveries to European and Far Eastern ports since the Lobito Atlantic Railway began operating the concession in January 2023. LAR, a joint venture backed by Trafigura, Portuguese construction… Read More Here

Mining in DRC Copper

Former Gécamines Workers Appeal to President Tshisekedi Amid Kamoto Copper Crisis

August 22, 2024August 22, 2024 Constance

Former Gécamines workers have sent an urgent plea to President Félix Tshisekedi regarding the dire situation faced by those who defected to work at Kamoto Copper Company (KCC), a subsidiary of the Glencore group. These workers, who have not yet received their final payments, have taken drastic action by barricading all entrances to the KCC facility in protest. The protest follows a previous sit-in that lasted over 12 weeks in front of KCC’s offices in Lusanga. During that time, several protesters reportedly died, others were hospitalized, and one individual suffered… Read More Here

Mining in Zambia Copper Economy

President Hichilema Officially Hands Over KCM to Vedanta Resources

August 22, 2024August 22, 2024 Constance

Konkola Copper Mines (KCM) has been officially handed back to Vedanta Resources, marking the beginning of a new chapter for both the Copperbelt region and the nation. At the re-launch ceremony in Chililabombwe, President Hakainde Hichilema emphasized the importance of resolving disputes through dialogue rather than legal battles, commending Vedanta Resources and the government for negotiating a successful outcome. He described the handover as a “new chapter for KCM” and expressed optimism about the future. President Hichilema highlighted that KCM’s revival under Vedanta will create jobs for Zambians and expand… Read More Here

Mining in Zambia Copper Economy Governance

President Hichilema Hails Three Years of Progress, Highlights Key Achievements

August 21, 2024August 21, 2024 Constance

President Hakainde Hichilema has hailed his three years in office as a success, emphasizing significant achievements across various sectors due to dedicated efforts. Among the accomplishments highlighted are the revitalization of key mining operations, including Mopani Copper Mines, Konkola Copper Mines (KCM), and Shaft 28 in Luanshya. The President made these remarks during an interaction with the public and journalists at Simon Mwansa Kapwepwe International Airport in Ndola. His visit to the Copperbelt Province is part of a two-day working tour. Earlier, President Hichilema met with UPND Bwana Mukubwa Party… Read More Here

Mining in Zambia Copper Economy

President Hichilema Urges Vedanta to Strengthen Community Relations as KCM Operations Resume

August 21, 2024August 21, 2024 Constance

President Hakainde Hichilema has called on Vedanta Resources Limited, the owner of Konkola Copper Mines (KCM), to improve its engagement with local communities as it resumes operations. He emphasized that the government has already discussed with the company to prevent the issues that led to the mine’s previous liquidation, stressing the need for a renewed commitment to responsible practices. The President also highlighted the importance of mining companies fulfilling their obligations to traditional leaders, including the sponsorship of cultural ceremonies. He made these remarks during a meeting with traditional leaders… Read More Here

Mining in DRC Copper

Kamoa-Kakula reports a record 35,941 tonnes of copper produced in July

August 20, 2024August 20, 2024 Constance

Phase 3 increases annual copper production capacity to over 600,000 tonnes, making Kamoa-Kakula the third-largest copper mining complex globally Kolwezi, Democratic Republic of the Congo–(Newsfile Corp. – August 19, 2024) – Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Executive Co-Chairman Robert Friedland and President Marna Cloete announced today that the Phase 3 concentrator at Kamoa-Kakula Copper Complex in the Democratic Republic of the Congo (DRC) has reached commercial production. In addition, Kamoa-Kakula’s Phase 1, 2 and 3 concentrators achieved a combined monthly production record of 35,941 tonnes of copper in July. Mr. Friedland… Read More Here

International Copper

Chinese Copper Exports Plunge as Domestic Demand Surges

August 20, 2024August 20, 2024 Constance

Chinese copper exports sharply declined in July, falling 40% from June to 140,940 tons, according to customs data released Sunday. This drop follows a historic surge in June, as domestic buyers capitalized on the metal’s price drop. Despite the decline, July’s export volume remains nearly double that of the previous year, with shipments over the first seven months of 2024 up 43% compared to 2023. The surge in international copper prices, which reached a record high in May, had led to an unusual increase in Chinese exports, filling London Metal… Read More Here

Mining in DRC Cobalt Copper

DRC Mines Minister Visits Tenke Fungurume to Inspect Development Projects

August 20, 2024August 20, 2024 Constance

On Saturday, August 17, Minister of Mines Kizito Pakapomba arrived in Fungurume and was warmly received at Tenke Fungurume Mining (TFM) Airport by CEO Wang Hanyuan, along with other senior management members and state representatives. The delegation, including Gécamines Deputy General Manager and other government officials, gathered at the foot of the plane to welcome the minister. The visit commenced with an overview of the 30K factory, TFM’s latest facility, which is expected to significantly boost copper and cobalt production once it reaches full capacity. The minister then visited the… Read More Here

Mining in Zambia About Company Copper Gold

Kansanshi Copper-Gold Mine – A Flagship of Innovation and Sustainability

August 19, 2024August 26, 2024 Constance

Overview The Kansanshi copper-gold mine, located near Solwezi in Zambia’s North Western Province, has been a cornerstone of operations since 2005. As one of Africa’s largest copper-producing mine, Kansanshi stands out for its world-class efficiency and cutting-edge technology. Managed by Kansanshi Mining PLC, 80% owned by First Quantum, the mine employs over 13,000 people, predominantly Zambians, contributing significantly to the local economy. Mining and Processing Kansanshi is renowned for its rich vein deposits, with copper and gold mineralization found in three distinct ore types: primary sulphide, mixed supergene, and oxide.… Read More Here

Copper International

Wave of Chinese copper fills warehouses abroad as demand weakens

August 18, 2024August 18, 2024 Constance

Copper and nickel made in China flooded overseas into warehouses tracked by the London Metal Exchange last month, as tepid domestic demand triggers a wave of exports that has weighed on global prices. China, the largest metals market, is typically a significant net copper importer, but weak local conditions have reversed global trade flows in recent months, weighing on prices. Chinese-origin copper made up 72% of the increase in exchange-monitored inventories in July, and accounted for 53% of the total at the end of the month, up from 45% in… Read More Here