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Category: Copper

Zambia Aims for Three Million Tonnes of Copper Production by 2031 1 Mining in Zambia Copper 

Zambia Aims for Three Million Tonnes of Copper Production by 2031

Constance
The Zambian government is gearing up to launch an initiative aimed at boosting copper production to three million tonnes annually by 2031. This ambitious goal was unveiled during the African Minerals Development Center Assessment workshop in Lusaka, focusing on sustainable mineral resource management and alignment with the African Mining Vision (AMV). Tobias Musonda, Director of Planning and Information for Mines and Minerals Development, announced that the strategy to achieve this target is nearing completion. The initiative will involve collaboration between existing mining companies and artisanal small-scale miners. Dr. Marit Kitaw,… Read More Here
Zijin’s Congo mine shipments returned due to radiation levels 2 Mining in DRC Cobalt Copper 

Zijin’s Congo mine shipments returned due to radiation levels

Constance
Mineral shipments from a Congolese copper and cobalt operation majority-owned by China’s Zijin Mining Group Co. Ltd were returned due to overly high radiation levels, the Congolese mines minister said in a letter seen by Reuters on Monday. The letter, dated April 12, informed the COMMUS project in which Zijin owns a 72% stake that the ministry had suspended its licence while it investigated the issue. “I am informed of the return of your shipments that exported … mineral products to South Africa on the grounds that their radioactivity content… Read More Here
Copper Nears $10,000 Amid Global Economic Recovery Optimism 3 International Copper 

Copper Nears $10,000 Amid Global Economic Recovery Optimism

Constance
Copper prices are approaching the $10,000 per ton mark following a strong April rally driven by expectations of a rebounding global economy and increased demand for industrial materials. In recent weeks, metals have experienced broad gains, with copper reaching a two-year high at the start of the week. Improvements in manufacturing activities, particularly in key economies like the US and China, have contributed to the positive sentiment surrounding metals. Additionally, persistent inflation concerns are renewing interest in commodities as investors seek assets that may act as hedges against rising prices.… Read More Here
Trafigura Forecasts Copper Demand Surge with Technology Advancements 4 International Copper 

Trafigura Forecasts Copper Demand Surge with Technology Advancements

Constance
Flourishing activity in the electric vehicle, power infrastructure, AI and automation sectors will lead to at least 10 million metric tons of additional copper consumption over the next decade, commodity trader Trafigura told Reuters. Technological developments such as artificial intelligence and automation, and the energy transition, which includes electric vehicles and renewable energy, have already driven up demand prospects for copper cable used to conduct electricity. Estimates of new demand from these applications vary, but Graeme Train, head of metals analysis at Swiss-based Trafigura, said one third of the 10… Read More Here
𝗞𝗛𝗢𝗘𝗠𝗔𝗖𝗔𝗨 𝗡𝗘𝗪 𝗢𝗪𝗡𝗘𝗥𝗦 𝗖𝗢𝗠𝗠𝗜𝗧 𝗧𝗢 𝗦𝗘𝗧𝗧𝗜𝗡𝗚 𝗨𝗣 𝗕𝗘𝗡𝗘𝗙𝗜𝗖𝗜𝗔𝗧𝗜𝗢𝗡 𝗔𝗖𝗧𝗜𝗩𝗜𝗧𝗜𝗘𝗦 𝗜𝗡 𝗕𝗢𝗧𝗦𝗪𝗔𝗡𝗔 5 International Copper 

𝗞𝗛𝗢𝗘𝗠𝗔𝗖𝗔𝗨 𝗡𝗘𝗪 𝗢𝗪𝗡𝗘𝗥𝗦 𝗖𝗢𝗠𝗠𝗜𝗧 𝗧𝗢 𝗦𝗘𝗧𝗧𝗜𝗡𝗚 𝗨𝗣 𝗕𝗘𝗡𝗘𝗙𝗜𝗖𝗜𝗔𝗧𝗜𝗢𝗡 𝗔𝗖𝗧𝗜𝗩𝗜𝗧𝗜𝗘𝗦 𝗜𝗡 𝗕𝗢𝗧𝗦𝗪𝗔𝗡𝗔

Constance
Minister of Minerals & Energy Hon Lefoko Maxwell Moagi has revealed that MMG Limited , the new owners of Khoemacau Copper Mining will set up beneficiation activities in Botswana to add value to the product and create thousands of Jobs locally. Minister Moagi was speaking during the change of Khoemacau ownership ceremony in Toteng. MMG Limited ,listed on the Hong Kong Stock Exchange acquired Khoemacau’s parent company Cuprous Capital at over P23 billion in a one of the largest transactions inthe history of Botswana. MMG major shareholder is China Minmetals… Read More Here
Trigon Metals CEO confirms copper mineralisation 15km east of Kombat mining licence 6 International Copper 

Trigon Metals CEO confirms copper mineralisation 15km east of Kombat mining licence

Constance
Trigon Metals CEO Jed Richardson says they can now confirm that copper mineralisation continues 15km east of the main Kombat mining licence 73B in Namibia.Richardson said this after a drilling campaign intercepted 7.0m at 3.52% copper and 43.09 g/t silver at Schlangental, a key prospect within the more expansive Kombat property.According to Richardson, it is over 25 million tonnes of combined tonnes over 2% copper, almost all contained in just 2.1 km.Richardson said the expanse of the Copper King Extension, specifically Schlangental, has long been an area of interest for… Read More Here
Mopani Copper Mining in Zambia News in Brief 

Mopani Copper Mines Transaction Falls Outside Article 210 of Zambia’s Constitution

Constance
Attorney General Mulilo Kabesha clarified that the Mopani Copper Mines transaction falls outside the scope of Article 210 of the Zambian Constitution and thus doesn’t necessitate approval from the National Assembly. In a statement issued recently, Mr. Kabesha emphasized that Article 210 pertains to transactions involving the sale, transfer, or disposal of significant state assets, including parastatals and government-held equity. He highlighted that Mopani does not fall under either category as it is not a parastatal nor does the government hold equity in it. Mopani operates as a distinct legal… Read More Here
Zijin's DRC Copper Mine Suspended Over Radiation Worries 7 Mining in DRC Cobalt Copper 

Zijin’s DRC Copper Mine Suspended Over Radiation Worries

Constance
Recent developments have led to the suspension of operations at the La Compagnie Minière de Musonoie (COMMUS) project, a key copper and cobalt mine operated by Zijin Mining Group Ltd. in the Democratic Republic of Congo (DRC). Reports indicate concerns over elevated radiation levels in the cobalt extracted from the mine. Sources familiar with the situation revealed that COMMUS has been non-operational since earlier last week. Government officials are actively involved in overseeing the suspension of production and conducting tests on cobalt shipments. Some shipments, which were previously exported, have… Read More Here
Suitors Eye Stake in FQMs' Zambian Copper Mines 8 Mining in Zambia Copper 

Suitors Eye Stake in FQMs’ Zambian Copper Mines

Constance
Rio Tinto Group and Saudi Arabia’s Manara Minerals Investment Co., alongside Mitsui & Co. and Sumitomo Corp., are reportedly considering bids for a stake in First Quantum Minerals Ltd.’s Zambian copper mines, according to sources familiar with the matter. First Quantum, open to selling up to 30% of its Zambian assets, including the Sentinel and Kansanshi mines, has attracted interest from potential buyers such as Zijin Mining Group Co. and Jiangxi Copper Co. Shares of First Quantum surged in response to the news. With Zambia contributing significantly to First Quantum’s… Read More Here
Panama election unlikely to shift outlook for FQM's copper mine 9 International Copper 

Panama election unlikely to shift outlook for FQM’s copper mine

Constance
Prospects are poor for First Quantum Minerals to recover its canceled concession for a lucrative copper mine after presidential elections in May, a Reuters review of the campaigns’ proposals and interviews with protest leaders show. Protests against First Quantum’s concession demanding greater environmental guarantees and transparency in negotiations made authorities not only annul its contract to operate one of the world’s largest and newest copper mines but ban all new metal mining permits last year. Metal traders and investors are closely watching the election outcome to see if a new… Read More Here

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