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Category: Copper

BHP and Lundin Mining Partner to Expand Copper Portfolio with Joint Acquisition 1 Mergers & Acquisitions Copper International 

BHP and Lundin Mining Partner to Expand Copper Portfolio with Joint Acquisition

Constance
Diversified miner BHP, in collaboration with Lundin Mining, has announced a strategic move to enhance its copper portfolio by jointly acquiring an advanced-stage copper exploration project in South America. This partnership will see the creation of a joint venture (JV) to develop a burgeoning copper district in the Vicuna belt, spanning Argentina and Chile. Copper, a vital component in the energy transition, remains highly sought after by miners. BHP’s recent unsuccessful bid to acquire Anglo American underscored its strategic objective to increase its copper holdings. Under the new agreement, BHP… Read More Here
Nchanga KCM Open Pit Mining in Zambia Copper 

Konkola Copper Mines Begins Paying Creditors

Constance
Beginning with the municipal and city councils in the Copperbelt, Konkola Copper Mines (KCM) has started to pay its creditors following the company’s successful avoidance of liquidation by Vedanta Resources. On July 26, a High Court Judge issued an ex parte order to halt the winding-up petition against KCM and reinstated the Board of Directors. To date, Chingola Municipal Council has received over K26 million, Chililabombwe has received K8 million, and Kitwe City Council has received K14 million. KCM’s Chief Financial Officer, Manish Saxena, expressed gratitude to the creditors for… Read More Here
Prospect Resources Expands Copper Potential at the Mumbezhi Project in Zambia 2 Mining in Zambia Copper 

Prospect Resources Expands Copper Potential at the Mumbezhi Project in Zambia

Constance
Prospect Resources has firmly positioned itself as a leading player in the mining sector, particularly noted for its transformative work on the Arcadia Lithium Mine Project in Zimbabwe. The company’s journey from initial discovery to the successful sale of its 87% interest in Arcadia for approximately US$378 million in April 2022 underscores its expertise and strategic vision. The Arcadia project saw significant progress through various stages, including resource definition, early-stage technical and economic evaluations, a definitive feasibility study, offtake agreements, pilot plant operation, and strategic project financing. This comprehensive approach… Read More Here
Tertiary Minerals Identifies Large Copper Anomaly at Mupala Project 3 Mining in Zambia Copper 

Tertiary Minerals Identifies Large Copper Anomaly at Mupala Project

Constance
Aim-listed Tertiary Minerals has identified a significant copper-in-soil anomaly at its Mupala project in Zambia. The company announced on July 29 that field analytical results from a recent soil sampling program confirmed the prospectivity of the license, supplementing historical data and its proximity to other copper prospects. Tertiary Chairperson Patrick Cheetham noted that while more work is needed to determine the significance of this soil anomaly, it marks a promising start to exploration at Mupala. The Mupala project is located on the west side of the Kabompo Dome in Zambia’s… Read More Here
Galileo Resources Begins Copper Exploration with Drill Program in Zambia 4 Copper Exploration Mining in Zambia 

Galileo Resources Begins Copper Exploration with Drill Program in Zambia

Constance
London-listed Galileo Resources has engaged a Zambian contractor to commence a drill program of approximately 700 meters as part of the initial phase of exploration on licence 28001-HQ-LEL in Zambia, with rig mobilization scheduled for later this week. The licence is situated within the Western Foreland domain, an area potentially hosting Kamoa-Kakula-style copper deposits. The company states that the licence is strategically located along the strike of the Kamoa-Kakula mining complex in the Democratic Republic of Congo (DRC) and adjacent to a substantial exploration licence area acquired by Ivanhoe Mines… Read More Here
LME approves Saudi port as warehouse delivery point 5 International Copper 

LME approves Saudi port as warehouse delivery point

Constance
The London Metal Exchange (LME) has approved Red Sea port city Jeddah in Saudi Arabia as a warehouse delivery point for copper and zinc, it said on Monday. The exchange said the listing will become active three months after the first warehouse company has been approved in the new location. Warehouses registered with the LME, the world’s largest and oldest metals trading venue, are usually located in areas of net metals consumption or top transit hubs such as Rotterdam. Saudi Arabia is planning an ambitious industrial development and logistics program,… Read More Here
FQM PARTNERS WITH UNZA AND CBU TO LAUNCH APPLIED FIELDWORK COURSE 6 Mining in Zambia Copper Press Release 

FQM PARTNERS WITH UNZA AND CBU TO LAUNCH APPLIED FIELDWORK COURSE

Constance
 First Quantum Minerals has partnered with the University of Zambia (UNZA) and Copperbelt University (CBU) to create a comprehensive residential applied fieldwork course aimed at providing students with practical insights into the mineral exploration industry.   The course, spanning seven days, is conducted in an exploration field camp setting, featuring modules that replicate the entire exploration lifecycle from target generation to drill testing and related activities.  Some 15 fourth and fifth year UNZA students took part in the inaugural course earlier this month through the UNZA Society of Economic Geologist’s… Read More Here
ZCCM-IH DELIVERS A K146 MILLION DIVIDEND TO IDC 7 Mining in Zambia Copper 

ZCCM-IH DELIVERS A K146 MILLION DIVIDEND TO IDC

Constance
ZCCM Investments Holdings Plc (ZCCM-IH) has handed over a K146 million dividend cheque to its majority shareholder, the Industrial Development Corporation (IDC), for the 2023 financial year. ZCCM-IH CEO, Dr Ndoba J.Vibetti handed over the dividend cheque to IDC CEO Mr Cornwell Muleya, earlier today. Some key highlights from Dr. Vibetti’s remarks during the handover ceremony: • Dividend Consistency: This marks the 9th consecutive year that ZCCM-IH has paid a dividend to the IDC. Last year, a record dividend of K436 million was paid for the financial year 2021 and 2022.… Read More Here
CMR Secures High-Grade Silver/Copper Project in Morocco and Raises £750,000 for Exploration 8 International Copper Exploration 

CMR Secures High-Grade Silver/Copper Project in Morocco and Raises £750,000 for Exploration

Constance
Critical Mineral Resources (CMR) has signed an exclusive option to acquire the Igli project, a high-grade silver/copper site in Morocco’s Anti-Atlas region, with reported grades up to 912 g/t silver and 2.97% copper. To support this acquisition and fund exploration, CMR has raised £750,000 through a convertible loan note (CLN) issue. A significant portion of this investment comes from the Swiss and UAE-based Prism Group, known for its long-term investment strategy. CMR’s nonexecutive chairperson, Dominic Traynor, will transition to executive chairperson to oversee the company’s strategic developments. The Igli project… Read More Here
Non Ferrous Company to Create 2,400 Jobs with $600 Million Expansion in Kalulushi 9 Mining in Zambia Copper 

Non Ferrous Company to Create 2,400 Jobs with $600 Million Expansion in Kalulushi

Constance
Non Ferrous Company Africa (NFCA) Mining Limited is poised to create approximately 2,400 jobs through the expansion of its South East Ore Body project in the Kalulushi District of Copperbelt Province. The company has committed a substantial investment of $600 million for this significant development. During a media tour in Chambeshi, NFCA Chairperson Zhanyan Li outlined the ambitious plans, stating, “This expansion will boost our copper production to 110,000 tonnes per year.” He further highlighted the economic benefits, noting that the project is expected to generate $36.15 million in taxes… Read More Here

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