Copper - Copperbelt Katanga Mining

CITIC Metal to Potentially Sell Part of Its Stake in Ivanhoe Mines 1

Toronto, Ontario – (Newsfile Corp. – May 27, 2024) – CITIC Metal Co., Ltd. has announced, via a regulatory announcement on the Shanghai Stock Exchange dated May 26, 2024, that it received board approval on May 24, 2024, for its subsidiary, CITIC Metal Africa Investments Limited (“CITIC”), to sell a portion of its holdings in Ivanhoe Mines Ltd. (“the Corporation”). The sale could occur through public trades, block trades, or a combination of both. Further approval from CITIC Metal Co., Ltd.’s shareholders will be sought at a general meeting scheduled… Read More Here

Chile to launch public consultation on tailings regulation

May 27, 2024May 27, 2024 Constance

Mining Minister Aurora Williams announced that, in July 2024, Chile will launch a public consultation to modify Supreme Decree No. 248, which regulates tailings deposit design, construction, operation and closure. During a presentation at the Sustainable Atacama Seminar, Williams said that while the executive power is in charge of implementing any changes to the decree, citizen participation is a prerequisite to doing so. “Therefore, all of those who live this reality can participate, they can tell us which aspects are properly addressed, which aspects we are missing and which we… Read More Here

International Copper

Troubled Peru copper mine starts expansion work in supply boost

May 27, 2024May 27, 2024 Constance

China’s MMG Ltd. is hopeful it can start digging copper from a new pit at its giant Las Bambas project in Peru by the end of this year, bringing some much-needed extra supply to a tightening global market. Las Bambas has for years operated well below its annual capacity of 400,000 tons due to a torrent of community protests that have disrupted mining and set back an expansion. That level could be reached in 2025, according to Troy Hey, an executive general manager at MMG. “I would say that going… Read More Here

Mining in Zambia Copper

KCM Meets Creditors to Discuss Debt Settlement Plan

May 25, 2024May 25, 2024 Constance

Konkola Copper Mines (KCM), through the Provisional Liquidator, held a meeting with its creditors in Lusaka yesterday to consider a scheme of arrangement for settling the debt owed to them. This followed an ex parte order granted to KCM by the Lusaka High Court to convene a meeting of creditors to discuss the scheme of arrangement. During the event, Provisional Liquidator Celine Meena Nair explained that the meeting was for class 1 scheme creditors, with a class 2 creditors meeting scheduled for May 30, 2024. Ms. Nair stated that the… Read More Here

Copper Economy Mining in Zambia

Zambia Ranks as Africa’s Third Best Mining Investment Destination

May 24, 2024May 24, 2024 Constance

Zambia has been ranked the third best mining investment destination in Africa, according to the latest Fraser Institute Annual Survey of Global Mining Investors. This marks a significant improvement, as the country has moved up from 12th to third position. The 2023 report surveyed investors’ opinions on 86 mining jurisdictions worldwide. The Zambia Chamber of Mines expressed satisfaction with the country’s progress in becoming more competitive for mining investment. Chamber President Godwin Beene highlighted the importance of the next step: reforming the overall mining regulatory framework to align with global… Read More Here

Mining in DRC Cobalt Copper Lithium

Zijin Mining to Boost Copper Production with Focus on DRC Expansion

May 24, 2024May 24, 2024 Constance

Zijin Mining Group, China’s leading copper producer, has announced plans to significantly increase its production targets in response to anticipated continued rises in copper prices driven by persistent supply shortages. This strategic move will accelerate the development of its mines in the Democratic Republic of Congo (DRC), according to sources. Zijin Mining aims to increase its copper production to 1.22 million tonnes by 2025, which is a 4% rise from its previous forecast. By 2028, the company targets an ambitious production range of 1.5 to 1.6 million tonnes, marking a… Read More Here

Copper Exploration Mining in Zambia New Mining Projects Press Release

BeMetals Discovers Extensive Copper Mineralization in Zambian Copperbelt

May 23, 2024May 24, 2024 Constance

BeMetals Corp. (TSXV: BMET, OTCQB: BMTLF, Frankfurt: 1OI.F) (the “Company” or “BeMetals”) has announced that three of four new core holes have intersected significant copper sulphide mineralization at the Pangeni Copper Project in Zambia (the “Project” or the “Property”). Today’s new analytical results support and enlarge the Company’s discovery of extensive zones of copper mineralization covering more than 1.7 kilometres of strike length under sand cover. Importantly, the copper mineralization bears many of the hallmarks in terms of style, width, grade, and geology to deposits that are mined in the Domes… Read More Here

International Copper

FQM seeks to speed up Peru projects after Panama debacle

May 23, 2024May 23, 2024 Constance

Canadian miner First Quantum Minerals, which lost the right to operate its copper mine in Panama last year following protests by environmental groups and a court ruling deeming its contract void, is seeking to speed its copper projects in Peru, a company executive said on Wednesday. One of the three largest global copper producers, First Quantum in Peru controls the La Granja project, worth at least $2.5 billion, and the $1.86 billion Haquira project. “These are projects that need to be accelerated,” said the mining company’s project development director, Steven… Read More Here

International Copper

Six new large mines need to come online annually by 2050 to meet global copper demand – study

May 22, 2024May 22, 2024 Constance

A study by researchers at the University of Michigan and Cornell University has found that copper cannot be mined quickly enough to keep up with current US policy guidelines to transition the country’s electricity and vehicle infrastructure to renewable energy. The paper, published by the International Energy Forum, examined 120 years of global data from copper mining companies and calculated how much copper the US electricity infrastructure and car fleet would need to upgrade to renewable energy. It found that renewable energy’s copper needs would outstrip what copper mines can… Read More Here

Mining in DRC Cobalt Copper Zinc

Energy Deficits and Production Challenges Impact DRC’s Mining Sector

May 20, 2024May 20, 2024 Constance

From 2022 to 2023, mining production in the Democratic Republic of Congo (DRC), particularly in the Haut-Katanga province, experienced both growth and stagnation due to numerous challenges, especially the energy deficit linked to the deteriorating network of the national electricity company (SNEL). During the general and elective assembly of the Federation of Congolese Enterprises (FEC), Patrick Muland Kabey, re-elected as provincial President, acknowledged that the mining sector has seen delayed growth over the past two years. According to FEC statistics, mining products such as cobalt and copper, which are critical… Read More Here