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Category: Copper

Ivanhoe Electric Completes Earn-In for 60% Stake in Samapleu-Grata Nickel-Copper Project in Ivory Coast 1 Copper Battery Metals Nickel 

Ivanhoe Electric Completes Earn-In for 60% Stake in Samapleu-Grata Nickel-Copper Project in Ivory Coast

Constance
Ivanhoe Electric Announces Completion of Earn-In to Acquire a 60% Interest in the Samapleu-Grata Nickel-Copper Project in the Ivory Coast Joint Venture Partner Sama Resources Announced a New Preliminary Economic Assessment for the Project Delivering a Pre-tax NPV8 of US$463M and a Pre-tax IRR of 28.2%, with an Estimated Initial Capital Cost of US$338M The Project has the Potential for a 16-Year Mine Life Producing a Conventional 26% Copper Concentrate and a 13% Nickel Concentrate, with Associated Platinum, Palladium and Cobalt By-Products PHOENIX, ARIZONA – Ivanhoe Electric Inc. (“Ivanhoe Electric”) (NYSE… Read More Here
Copper Theft Intercepted in Haut-Katanga 2 Mining in DRC Copper 

Copper Theft Intercepted in Haut-Katanga

Constance
Security services in the Haut-Katanga province of the Democratic Republic of Congo have seized two trucks loaded with approximately 60 tonnes of stolen copper cathodes in Likasi, announced the provincial Governorate. Four individuals accompanying the stolen minerals were arrested and brought before the courts in Lubumbashi for a public trial to be held, stated Governor Jacques Kyabula. He emphasized the need for transparency in revealing the sponsors and perpetrators behind such crimes. The intercepted trucks, carrying copper cathodes, are believed to have originated from Kolwezi, a mining town in the… Read More Here
DRC Surpasses Peru as Second-Largest Copper Producer 3 Mining in DRC Copper Mining in Zambia 

DRC Surpasses Peru as Second-Largest Copper Producer

Constance
The Democratic Republic of Congo (DRC) has achieved a significant milestone by surpassing Peru as the world’s second-largest copper producer. Previously, Peru held this position, trailing behind Chile, one of the leading copper producers globally. The DRC, renowned for its abundant mineral resources, particularly copper, has seen a notable rise in its copper production. Initial estimates from Statista projected Chile to produce 5.3 million metric tons of copper in 2023, with Peru following closely at 2.6 million metric tons and the DRC at 2.5 million metric tons. However, recent reports… Read More Here
MMG Limited Completes Acquisition of Khoemacau Copper Mine in Botswana 4 International Copper Mergers & Acquisitions 

MMG Limited Completes Acquisition of Khoemacau Copper Mine in Botswana

Constance
MMG Limited, a Hong Kong-listed base metals miner, has finalized the acquisition of the Khoemacau Copper Mine, a cutting-edge copper asset located in northwestern Botswana. The completion of the acquisition was announced today, March 22, 2024, marking a significant milestone for MMG Limited. The acquisition adds a high-quality growth project to MMG’s portfolio, signifying a transformative move for the company. As part of the acquisition, MMG paid an Aggregate Consideration of approximately US$1,734,657,000 (over P23 billion) to the sellers, with possible adjustments post-Completion. Additionally, MMG advanced approximately US$348,580,000 (over P4.5… Read More Here
Zambian Associations Applaud President Hichilema for Mopani Copper Mines Revival 5 Mining in Zambia Copper 

Zambian Associations Applaud President Hichilema for Mopani Copper Mines Revival

Constance
The National Ex-Miners and Allied Workers Association of Zambia have lauded President Hakainde Hichilema and his government for their role in unlocking Mopani Copper Mines. Lucky Zulu, Acting President of the Association, described the development at Mopani as a source of relief, bringing fresh air and hope to former miners. He emphasized the Association’s intention to communicate with Mopani management and the government, urging them to prioritize the reinstatement of ex-miners in light of the $1.1 billion investment into the mines by International Resources Holdings. Zulu expressed these sentiments in… Read More Here
FQM Trident: A Leading Mining Powerhouse in Zambia 6 Mining in Zambia About Company Copper Mining Companies Nickel 

FQM Trident: A Leading Mining Powerhouse in Zambia

Constance
FQM Trident, a subsidiary of First Quantum Minerals Ltd. (FQM), is a significant player in Zambia’s mining sector. Formerly known as Kalumbila Minerals, FQM Trident operates the Trident Project, encompassing two key mines: Sentinel Copper Mine: This large-scale open-pit mine, operational since 2019, is a major producer of copper, a vital metal for modern industries.Enterprise Nickel Mine: Located near the Sentinel Mine, Enterprise achieved first ore production in February 2023. It’s poised to become a significant contributor of nickel, a metal crucial for electric vehicle batteries and stainless steel.Investment and… Read More Here
Successful Project Financing Secured for Centinela Copper Mine Expansion in Chile 7 International Copper 

Successful Project Financing Secured for Centinela Copper Mine Expansion in Chile

Constance
Marubeni Corporation, in collaboration with UK-based Antofagasta plc, has successfully secured loan agreements totaling $2.5 billion for the expansion project of Minera Centinela, situated in Chile. The financing agreement, concluded on March 15, involves a consortium of international lenders, including prominent institutions such as the Japan Bank for International Cooperation, Export Development Canada, Export-Import Bank of Korea, KfW IPEX-Bank, Sumitomo Mitsui Banking Corporation, Crédit Agricole, Société Générale, and Natixis. This landmark agreement aims to expedite the construction process and facilitate the commencement of production under the Expansion Project by 2027.… Read More Here
MOPANI ATTENDS 7TH ZAMBIA-CANADA CORPORATE SOCIAL RESPONSIBILITY FORUM 8 Mining in Zambia Copper Corporate social responsibility 

MOPANI ATTENDS 7TH ZAMBIA-CANADA CORPORATE SOCIAL RESPONSIBILITY FORUM

Constance
Mopani Copper Mines PLC took part in the just ended 7th Zambia-Canada Corporate Social Responsibility Forum in Solwezi. The event, which aimed to foster the exchange of ideas regarding CSR, community engagement, and sustainable investment, took place from March 18th to 19th, 2024, at Solwezi’s Kansanshi Hotel in the North-Western Province. This year’s CSR Forum took place under the theme “Sharing Best Practices in Community Relations, Environmental Stewardship, and Responsible Business Conduct,” and brought together mining experts, traditional leaders, the Canadian High Commission, and other stakeholders. Under the theme of “Sharing Best Practices… Read More Here
Abu Dhabi Firm Eyes Acquisition of Zambia's Lubambe Copper Mine 9 Mining in Zambia Copper Economy 

Abu Dhabi Firm Eyes Acquisition of Zambia’s Lubambe Copper Mine

Constance1 Comment
An entity of the International Holding Company (IHC), Abu Dhabi’s esteemed corporation, has expressed interest in acquiring Zambia’s Lubambe copper mine, a deal that could potentially complicate the ongoing sale process initiated by China’s JCHX Mining, according to sources familiar with the matter. International Resources Holding (IRH), a subsidiary of IHC, has communicated its interest to EMR Capital, a private equity manager holding an 80% stake in the Lubambe copper project, currently up for sale. This development adds a layer of complexity to the sale process already initiated by JCHX,… Read More Here
FQM REDOUBLES TREE PLANTING EFFORTS FOR 2024 10 Mining in Zambia Copper Corporate social responsibility Environment Social Governance (ESG) 

FQM REDOUBLES TREE PLANTING EFFORTS FOR 2024

Constance
First Quantum Minerals (FQM) is almost doubling the mammoth tree planting exercise at its Kansanshi Mine in Solwezi. The company is this season planting 30,000 trees and rehabilitating over 35 hectares of mine disturbed land. Last year Kansanshi planted 18,000 trees as part of its commitment to sustainable mining practices and efforts towards environmental conservation. Arnold Malambo, Manager Environment at Kansanshi Mine in Solwezi said: “As a company, we endeavour to extract resources responsibly and attach great importance to the conservation of nature. For example, in the case where the… Read More Here

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