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Category: Copper

Cobre Ltd Initiates Comprehensive Scoping Study for Ngami Copper Project 1 International Copper 

Cobre Ltd Initiates Comprehensive Scoping Study for Ngami Copper Project

Constance
Cobre Ltd (ASX:CBE) has engaged the services of METS Engineering Group, a metallurgical and processing advisory firm, to conduct a thorough process design scoping study for the Ngami Copper Project in Botswana. METS will assess the potential application of In-Situ Copper Recovery (ISCR) and other extraction methods to beneficiate the copper-silver mineralization at Ngami. The project holds a conceptual exploration target ranging from 103 to 166 million tonnes with copper grades between 0.38% and 0.46%. The study aims to provide insights into the most economically viable extraction method. Key findings… Read More Here
Zambia's Minister of Mines Declares Glencore's Exit from Mopani Copper Mines 2 Mining in Zambia Copper Economy 

Zambia’s Minister of Mines Declares Glencore’s Exit from Mopani Copper Mines

Constance
The Minister of Mines and Mineral Development, Paul Kabuswe, has announced a significant development in the operations of Mopani Copper Mines (MCM). According to Mr. Kabuswe, Glencore, the Swiss mining and commodity trading giant, has completely disengaged from Mopani following the resolution of a substantial debt issue by International Resources Holdings (IRH). Initially, Glencore was owed a substantial sum amounting to US$1.7 billion. However, through negotiations with the government, this debt was successfully reduced to US$400 million. This negotiation paved the way for Glencore to sever its ties with Mopani,… Read More Here
FQM Engages with Jiangxi Copper on Funding and Business Options 3 Copper Mining in Zambia 

FQM Engages with Jiangxi Copper on Funding and Business Options

Constance
Executives from Canadian mining company First Quantum Minerals recently held discussions with Chinese government officials regarding funding and business strategies involving top investor Jiangxi Copper Co, according to three sources familiar with the matter. The talks, which took place in Jiangxi province, covered various topics, including the potential for Jiangxi Copper to gain influence on First Quantum’s board decisions, the future of First Quantum’s Zambian assets, and the possibility of Jiangxi purchasing disputed copper concentrates inventory from Panama. While shares of First Quantum rose 5% on the Toronto Stock Exchange… Read More Here
FQM executives get pay increases despite company’s woes 4 International Copper 

FQM executives get pay increases despite company’s woes

Constance
The senior executive team at Canadian copper miner First Quantum Minerals Ltd.FM-T +2.32%increasegot substantial compensation bumps and favourable performance reviews in a year the company was forced to shut down its biggest mine, and its stock lost more than half its value. Late last year, Vancouver-based First Quantum shuttered the Cobre Panama mine after Panama’s Supreme Court declared its mining contract was unconstitutional. The giant copper mine in Panama accounted for about half of First Quantum’s revenue. The company’s financial condition deteriorated so much in the aftermath that it was… Read More Here
Gécamines Mining in DRC Cobalt Copper 

US Seeks Closer Ties with DRC Miner Gecamines to Secure Critical Mineral Supply

Constance
The United States is actively engaged in regular dialogue with the Democratic Republic of Congo’s state miner, Gecamines, as part of efforts to strengthen ties with key suppliers of cobalt and copper in Africa, a senior State Department official informed Reuters. With China’s aggressive investment in Congo, Zambia, and other African nations, Washington has increasingly expressed concerns about the concentration of mineral supplies essential for electric vehicles and electronics in the hands of a single dominant player. Jose Fernandez, the US State Department’s under secretary for economic growth, energy, and… Read More Here
Kansanshi Rising: Inside S3 with Anthony Mukutuma 5 Mining in Zambia Copper 

Kansanshi Rising: Inside S3 with Anthony Mukutuma

Constance
In May 2022, First Quantum Minerals (FQM) reinforced its commitment to Zambia by investing $1.25 billion in an expansion project at Kansanshi, known as the ‘S3 project’. The project will extend the life of the mine by 20 years, protect thousands of jobs, and ensure that the company’s widespread and varied support for the community can continue. S3 involves expanding Kansanshi’s mining pit, building a new processing plant, and enlarging the mine’s on-site smelter – all in the name of producing more copper. Following a conversation with the mine’s General… Read More Here
Abu Dhabi's IRH and Jubilee Metals Group Forge Joint Venture for Copper Project in Zambia 6 Mining in Zambia Copper 

Abu Dhabi’s IRH and Jubilee Metals Group Forge Joint Venture for Copper Project in Zambia

Constance
Abu Dhabi’s International Resources Holding (IRH) has affirmed its commitment to form a joint venture (JV) with Jubilee Metals Group, a diversified metals processor, to undertake a copper waste rock project in Zambia. Additionally, IRH aims to advance the upgrade of Jubilee’s Roan copper facility and expand its chrome operations. The waste rock project is designed to process over 260 million tonnes of copper-containing surface material. Initially, four modular processing plants will be installed with a combined capacity of 2.4 million tonnes per year. This setup is projected to yield… Read More Here
Mopani Copper Mines Initiates Supplier Registration Drive for Business Revival 7 Mining in Zambia Copper Mining Supply Tenders 

Mopani Copper Mines Initiates Supplier Registration Drive for Business Revival

Constance1 Comment
Mopani Copper Mines (MCM) has commenced the registration of suppliers and contractors of goods and services on its database, marking the revitalization of the mine’s business operations. Following the recent handover of the mine to Abu Dhabi-based International Resources Limited (IRL) by President Hakainde Hichilema, who acquired a 51 percent stake, Mopani is taking steps to invigorate its business segment. The Copperbelt region’s economy heavily relies on mining, with over 90 percent of companies providing goods and services to the industry. However, due to decreased copper production at Mopani over… Read More Here
Mopani Mining in Zambia Copper 

Mopani Copper Mines Resumes Negotiations with Mine Union Leaders

Constance
Mopani Copper Mines has called upon Mine Union leaders to restart negotiations, which were halted in December of the previous year. This move comes after investment from the United Arab Emirates-based equity partner, International Resources Holdings, into Mopani. According to Mineworkers Union of Zambia President Mr. Joseph Chewe, workers at Mopani Copper Mines have been facing challenges in improving their conditions of service over the past 3 to 5 years. Yossu Nyirongo, the General Secretary of the United Mineworkers Union of Zambia, stated that the unions anticipate negotiating improved conditions… Read More Here
Fortescue eyes developing its copper assets, not looking at Cobre Panama 8 International Copper 

Fortescue eyes developing its copper assets, not looking at Cobre Panama

Constance
Australia’s Fortescue, the world’s fourth-largest iron ore miner, is looking at developing its copper resources but has not made a decision yet, its founder and executive chairman told Reuters on Saturday. “The company has choices in front of it … we have a lot of copper options on the table. And when we feel the time is right, we’ll pull the trigger,” Andrew Forrest said during a visit to Beijing. However, he said the company was not looking at First Quantum’s idled Cobre Panama copper mine. Cobre Panama, one of… Read More Here

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