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Category: Copper

Lwisha Artisanal Miners Face Harassment and Exploitation by State Services 1 Mining in DRC Artisanal mining Cobalt Copper Zinc 

Lwisha Artisanal Miners Face Harassment and Exploitation by State Services

Constance
At artisanal mining sites in Lwisha, located in the Haut-Katanga province, diggers endure not only the illegal presence of numerous state services but also harassment and arbitrary taxes. In areas like “Kasonga” or “Double Band,” where copper is extracted, artisanal diggers are subjected to abuses by state services. These services control the region, imposing various taxes and fees without clear justification, plunging diggers into perpetual poverty. Working under deplorable conditions, diggers in Lufira’s sector face multiple barriers controlled by different state departments, each demanding payments upon each visit. Refusal often… Read More Here
African Rainbow Minerals Invests in Surge Copper's Critical Metals District 2 International Copper 

African Rainbow Minerals Invests in Surge Copper’s Critical Metals District

Constance
African Rainbow Minerals (ARM), a diversified mining company listed on the Johannesburg Stock Exchange, has finalized a subscription agreement with Surge Copper, a Canadian company advancing a critical metals district in British Columbia. Through its subsidiary ARM Copper, ARM will invest C$3.8 million to subscribe for 39,608,708 common shares of Surge Copper. Upon completion of the placement, ARM will hold a 15% stake in Surge, subject to approval from the TSX Venture Exchange and the South African Reserve Bank. As a member of the International Council on Mining and Metals,… Read More Here
Zambia's Copper Production Set to Soar to 1 Million Tons by 2026 Amid Mine Expansions 3 Mining in Zambia Copper Economy 

Zambia’s Copper Production Set to Soar to 1 Million Tons by 2026 Amid Mine Expansions

Constance
Zambia anticipates a significant rise in copper output, potentially reaching close to 1 million tons by 2026, driven by investments in expanding production at various mines, including those owned by First Quantum Minerals, according to Finance Minister Situmbeko Musokotwane. Copper production, crucial for Zambia’s economic prosperity, has been experiencing a gradual decline in Africa’s second-largest producer of the metal. Despite this, the government aims to boost output to around 3 million tons within the next decade. In 2023, copper output decreased to 698,000 tons from 763,000 tons the previous year,… Read More Here
Japanese copper smelters’ H1 output seen rising 4.2% y/y 4 International Copper 

Japanese copper smelters’ H1 output seen rising 4.2% y/y

Constance
Japan’s refined copper production in the first half of the 2024/25 financial year is expected to rise 4.2% from a year earlier, Reuters calculations from plans outlined by smelters showed, amid stronger local demand from the chip industry. The financial first half falls between April and September. Sumitomo Metal Mining (SMM) expects a 21% surge in first-half output following a two-month maintenance shutdown at its Toyo Smelter & Refinery between September and November last year, a company spokesperson said. Japan’s biggest copper supplier Pan Pacific Copper (PPC) also expects a… Read More Here
Copper Prices Expected to Decline in DRC 5 Mining in DRC Copper Zinc 

Copper Prices Expected to Decline in DRC

Constance
The price of copper is anticipated to decrease during the first week of April 2024, disappointing hopes for producing countries like the Democratic Republic of Congo (DRC). Projections from experts at the National Mercurial Commission of the Ministry of Foreign Trade of the DRC suggest that copper will be priced at USD 8,763.30 per tonne from April 1 to 6, down from USD 8,866.65 per tonne the previous week, marking a significant drop of 103 USD per tonne. In 2023, mining companies in the DRC produced 2,842,022 million tonnes of… Read More Here
First Quantum Acquires Majority Stake in La Granja Copper Project in Peru 6 International Copper 

First Quantum Acquires Majority Stake in La Granja Copper Project in Peru

Constance
First Quantum Minerals has acquired a 55% stake in the La Granja copper project in Peru for US$105 million in a joint venture with Rio Tinto. La Granja, located in Cajamarca, northern Peru, holds substantial copper reserves and has the potential to become a significant long-term mining operation. Following regulatory approvals from the Government of Peru, First Quantum’s investment will total up to US$546 million, exclusively financing operational and capital costs to advance the project through feasibility studies and development. As the majority shareholder, First Quantum will oversee project operations,… Read More Here
Metso and Almalyk MMC Ink Agreement for Copper Smelter Project in Uzbekistan 7 International Copper 

Metso and Almalyk MMC Ink Agreement for Copper Smelter Project in Uzbekistan

Constance
Metso and JSC Almalyk Mining and Metallurgical company (Almalyk MMC) have signed a frame agreement on significant process technology deliveries for Almalyk MMC’s new copper smelter investment in Uzbekistan. The companies have collaborated on the development of minerals processing and metallurgical operations since 2011. Equipment package contracts under the framework agreement will be booked once they have been signed and become effective. We currently estimate that the majority of those contracts will be signed this year. The frame agreement is a continuation of Metso’s and Almalyk MMC’s contract signed at… Read More Here
FQM CELEBRATES GRADUATE DEVELOPMENT PROGRAMME COMPLETION 8 Mining in Zambia Copper 

FQM CELEBRATES GRADUATE DEVELOPMENT PROGRAMME COMPLETION

Constance
First Quantum Minerals’ subsidiary, FQM Trident, has celebrated the completion of its first Graduate Development Programme (GDP), recognising the achievements of eight young professionals who have successfully completed the two-year programme. The GDP was launched in 2022 with the aim of nurturing fresh talent and building a robust pipeline for the future of Trident. After a rigorous selection process, 12 exceptional individuals were chosen to embark on the programme. Speaking at the graduation ceremony, FQM Trident Limited, General Manager Gordon White, emphasised the importance of embracing a mindset of continuous… Read More Here
Ivanhoe Mines Reports Q1 2024 Production Results for the Kamoa-Kakula Copper Complex 9 Mining in DRC Copper 

Ivanhoe Mines Reports Q1 2024 Production Results for the Kamoa-Kakula Copper Complex

Constance
Kamoa-Kakula produced 86,203 tonnes of copper in concentrate in Q1 2024 2024 production guidance for Kamoa-Kakula maintained at 440,000 to 490,000 tonnes of copper in concentrate, with early commissioning of the Phase 3 concentrator now in May 2024 DRC grid infrastructure upgrades underway, as well as phased roll-out of on-site, backup generation capacity Daily milling record achieved of 31,375 tonnes of ore by Phase 1 and 2 concentrators on January 2, 2024 Quarterly mining record achieved of 2.50 million tonnes of ore from Kakula and Kamoa 1 underground mines Ivanhoe… Read More Here
Chile’s mining production up 7.7% in February 10 International Copper Lithium 

Chile’s mining production up 7.7% in February

Constance
Chile’s mining production is starting to turn the corner after months of a sustained output slump, with the country’s total output up 7.7% in February from the same month last year. The country’s top commodities, copper and lithium, were behind the overall production increase, according to data published by the National Institute of Statistics (INE). Metal extraction grew by 5.5% on the back of rising copper output, which grew 9.95% to 420,242 tonnes. The country accounts for almost a quarter of the world’s copper supply, equivalent to about 5.2 million… Read More Here

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