Copper - Copperbelt Katanga Mining

KoBold Metals Gets Greenlight for Konkola West Copper Project

April 12, 2024April 12, 2024 Constance

Mineral exploration startup KoBold Metals Company will commence drilling activities at the Konkola West Copper Project in Zambia this month. The company will assess deep copper mineralization within the main ore shale, which also hosts large-scale deposits and mining projects including the Konkola and Mingomba Mines. “The first drill site has been selected, the drill contract has been let, drill site preparation has been completed and equipment mobilisation is in progress,” stated Patrick Cheetham, Executive Chairman of Tertiary Minerals, a subsidiary of KoBold in Zambia. The announcement follows Kobold securing… Read More Here

Mining in DRC Copper

ARSP and CMOC Forge Agreement to Boost Congolese Participation in Tenke Fungurume Mining Value Chain

April 9, 2024April 9, 2024 Constance

The Congolese Regulatory Authority for Subcontracting in the Private Sector (ARSP) has announced a groundbreaking agreement with China’s CMOC Group, the majority shareholder of Tenke Fungurume Mining (TFM), to enhance Congolese involvement in the project’s value chain. Under the agreement, CMOC, holding an 80% stake in TFM, commits to ensuring that subcontractors involved in the project are at least 51% Congolese-owned, as mandated by regulations. In its facilitative role, ARSP is assisting CMOC by providing a curated list of recommended Congolese businesses, such as Elephant Trade, Panaco, GHS, and Bofa,… Read More Here

Mining in Zambia Copper Press Release

BEMETALS REPORTS FURTHER POSITIVE COPPER INTERVALS FROM 2023

April 9, 2024April 9, 2024 Constance

BeMetals Corp. (TSXV: BMET, OTCQB: BMTLF, Frankfurt: 1OI.F) (the “Company” or “BeMetals”) is has announced the remaining drilling results from its 2023 exploration program at the Pangeni Copper Project in Zambia (the “Project” or the “Property”). A new phase of core drilling has recently commenced to identify additional zones of higher-grade copper and expand the footprint of the mineralization within the priority D-Prospect area. Highlights: .D14-C1: Returned multiple zones of copper mineralization from a shallow, approximately 70 metres, vertical depth .D14-C1: Interval 1: 69.41 metres grading 0.25 % copper (“Cu”),… Read More Here

Mining in Zambia Copper

Luanshya Copper Mines Prepares for Revival with De-watering Trials

April 9, 2024April 9, 2024 Constance1 Comment

Following recent developments at Konkola Copper Mines and Mopani, attention has turned to Luanshya as the next target for revitalization. Trial runs to de-water the flooded Shaft 28 at CNMC Luanshya Copper Mines (CLM) Plc have commenced, signaling the beginning of efforts to restore mining operations in the area. De-watering the flooded shaft, which occurred in 2001 under the Binani Group of Companies, is a crucial step in preparing for the official commissioning of mining activities. This process involves continuous pumping from de-watering wells around the mine and installing pumps… Read More Here

International Copper

Copper Prices Surge Amid Supply Tightness and Chinese Demand Hopes

April 9, 2024April 9, 2024 Constance

Copper prices soared to their highest intraday levels since January 2023, driven by tightening supply conditions and optimism surrounding a potential recovery in Chinese demand. On Monday, prices surged as much as 1.7% to reach $9,484.50 per ton, marking a 15% increase over the past two months. Major disruptions at key mines have led smelters to pay historically high prices for mined ore, while Chinese plants, responsible for over half of global refined copper production, are considering joint output cuts in response to the supply constraints. Investor sentiment has also… Read More Here

International Copper

FQM Addresses Environmental Risks at Cobre Panamá Mine

April 9, 2024April 9, 2024 Constance

First Quantum Minerals’ subsidiary, Minera Panamá, has issued a warning regarding the potential hazards of long-term copper concentrate storage at the Cobre Panamá mine. The company reports an increase in chemical reactions leading to the generation of dangerous gases and rising temperatures in the stored material. These factors pose environmental risks and threaten the health and safety of workers engaged in care and maintenance activities at the site. Since the forced closure of Cobre Panamá last December, ordered by the Laurentino Cortizo administration, First Quantum has been unable to export… Read More Here

Mining in Zambia Copper Economy

Zambia’s Govt Urges Public Support for Mopani Copper Mines Revitalization

April 9, 2024April 9, 2024 Constance

The Zambian government has urged citizens to disregard political rhetoric aimed at undermining its efforts to revitalize Mopani Copper Mines (MCM) through a partnership with International Resources Holding (IRH). Minister of Mines and Minerals Development, Paul Kabuswe, emphasized that the decision to allocate 51 percent shares to IRH is solely aimed at rejuvenating operations at the mine and should not be politicized. Kabuswe urged the public to ignore false rumors about the deal, stating that their intentions are solely to discredit the government. He clarified that despite the partnership, the… Read More Here

Mining in DRC Cobalt Copper Mining Process You got to know this

The Mining Process in the Democratic Republic of Congo

April 7, 2024April 7, 2024 Constance

The Democratic Republic of Congo (DRC) is a country rich in natural resources, particularly minerals, making mining a significant contributor to its economy. With vast reserves of cobalt, copper, gold, diamonds, and other minerals, the DRC holds a prominent position in the global mining industry. Let’s delve into the mining process in this mineral-rich nation. 1.Exploration: The mining process in the DRC typically begins with exploration activities aimed at identifying potential mineral deposits. Exploration methods may include geological surveys, remote sensing, drilling, and sampling to determine the size, grade, and… Read More Here

Mining in Zambia Copper

Xtract Resources Enters JV to Acquire Majority Stake in Zambia’s Silverking Copper Mine

April 7, 2024April 7, 2024 Constance

Xtract Resources has announced a joint venture (JV) agreement with Oval Mining, in collaboration with Cooperlemon Consultancy, aimed at acquiring up to a 70% stake in Zambia’s Silverking copper mine and its associated exploration license. The initial option period spans 18 months, during which Xtract is obligated to invest $500,000 in exploration activities to earn a 51% interest. Upon completion of the earn-in period or upon reaching the investment threshold, the JV will be formally established between Xtract and Cooperlemon. Xtract retains the option to increase its stake to 70%… Read More Here

Mining in DRC Cobalt Copper

Progress Update on Red Rock Resources’ Arbitration in the DRC

April 7, 2024April 7, 2024 Constance

Red Rock Resources, listed on AIM, has issued a significant update regarding its ongoing arbitration proceedings in the Democratic Republic of Congo (DRC) concerning the company’s stake in the VUP copper/cobalt joint venture (JV). As of February 5, Red Rock announced that the finalization of the arbitration award regarding its claim for a portion of the sale proceeds from a JV asset was pending signature and release. Despite a temporary halt in proceedings due to Presidential elections and the subsequent formation of a new administration, Red Rock has indicated that… Read More Here