Copper - Copperbelt Katanga Mining

Xtract Resources Expands Copper Exploration Joint Venture in Zambia

May 31, 2024May 31, 2024 Constance

London-listed Xtract Resources has announced an addendum to its joint venture (JV) agreement with consulting firm Cooperlemon Consultancy, significantly expanding their copper exploration efforts in Zambia. This expansion incorporates three additional large-scale exploration licenses in northwest Zambia into the existing JV framework. Previously, the JV focused on large-scale exploration licenses 29123-HQ_LEL and 30459-HQ-LEL, both situated in northwest Zambia. These licenses, along with the newly added ones, lie within the Western Foreland geological district, home to the Kamoa-Kakula deposit, and the central fold and thrust belt. Combined, the five licenses cover… Read More Here

Mining in Zambia Copper Events & Expos Technology & Innovation

Zambia Finalizes AI Strategy to Boost National Development

May 30, 2024May 30, 2024 Constance

The Zambian government has completed drafting a comprehensive Artificial Intelligence (AI) strategy, poised to harness the latest technological advancements for national development. Technology and Science Minister, Hon. Felix Mutati, announced that the AI strategy is set to be launched within the next two months. Speaking at a side event during the Copperbelt Agricultural Mining Industrial Networking Enterprise (CAMINEX) in Kitwe, Mr. Mutati underscored AI’s potential to help Zambia achieve its goal of producing three million tonnes of copper annually. He emphasized that AI would significantly enhance exploration efforts and bring… Read More Here

Mining in DRC Copper Press Release

Ivanhoe Mines Completes Construction of Kamoa-Kakula’s Phase 3 Concentrator Ahead of Schedule and on Budget

May 28, 2024May 28, 2024 Constance

First ore to Phase 3 concentrator achieved on May 26; first Phase 3 concentrate expected in early June Phase 3 concentrator increases Kamoa-Kakula copper production capacity to more than 600,000 tonnes per annum, making Kamoa-Kakula the fourth-largest copper mining complex globally Further Kamoa-Kakula growth initiatives in progress, including Project 95, de-bottlenecking of Phase 3 and potential acceleration of Phase 4 expansion Zero lost-time injuries recorded during the construction of the Phase 3 concentrator Phase 1 and 2 concentrators produced more than 63,000 tonnes of copper since start of April; a… Read More Here

Copper

CITIC Metal to Potentially Sell Part of Its Stake in Ivanhoe Mines

May 28, 2024May 28, 2024 Constance

Toronto, Ontario – (Newsfile Corp. – May 27, 2024) – CITIC Metal Co., Ltd. has announced, via a regulatory announcement on the Shanghai Stock Exchange dated May 26, 2024, that it received board approval on May 24, 2024, for its subsidiary, CITIC Metal Africa Investments Limited (“CITIC”), to sell a portion of its holdings in Ivanhoe Mines Ltd. (“the Corporation”). The sale could occur through public trades, block trades, or a combination of both. Further approval from CITIC Metal Co., Ltd.’s shareholders will be sought at a general meeting scheduled… Read More Here

International Copper Gold

Chile to launch public consultation on tailings regulation

May 27, 2024May 27, 2024 Constance

Mining Minister Aurora Williams announced that, in July 2024, Chile will launch a public consultation to modify Supreme Decree No. 248, which regulates tailings deposit design, construction, operation and closure. During a presentation at the Sustainable Atacama Seminar, Williams said that while the executive power is in charge of implementing any changes to the decree, citizen participation is a prerequisite to doing so. “Therefore, all of those who live this reality can participate, they can tell us which aspects are properly addressed, which aspects we are missing and which we… Read More Here

International Copper

Troubled Peru copper mine starts expansion work in supply boost

May 27, 2024May 27, 2024 Constance

China’s MMG Ltd. is hopeful it can start digging copper from a new pit at its giant Las Bambas project in Peru by the end of this year, bringing some much-needed extra supply to a tightening global market. Las Bambas has for years operated well below its annual capacity of 400,000 tons due to a torrent of community protests that have disrupted mining and set back an expansion. That level could be reached in 2025, according to Troy Hey, an executive general manager at MMG. “I would say that going… Read More Here

Mining in Zambia Copper

KCM Meets Creditors to Discuss Debt Settlement Plan

May 25, 2024May 25, 2024 Constance

Konkola Copper Mines (KCM), through the Provisional Liquidator, held a meeting with its creditors in Lusaka yesterday to consider a scheme of arrangement for settling the debt owed to them. This followed an ex parte order granted to KCM by the Lusaka High Court to convene a meeting of creditors to discuss the scheme of arrangement. During the event, Provisional Liquidator Celine Meena Nair explained that the meeting was for class 1 scheme creditors, with a class 2 creditors meeting scheduled for May 30, 2024. Ms. Nair stated that the… Read More Here

Copper Economy Mining in Zambia

Zambia Ranks as Africa’s Third Best Mining Investment Destination

May 24, 2024May 24, 2024 Constance

Zambia has been ranked the third best mining investment destination in Africa, according to the latest Fraser Institute Annual Survey of Global Mining Investors. This marks a significant improvement, as the country has moved up from 12th to third position. The 2023 report surveyed investors’ opinions on 86 mining jurisdictions worldwide. The Zambia Chamber of Mines expressed satisfaction with the country’s progress in becoming more competitive for mining investment. Chamber President Godwin Beene highlighted the importance of the next step: reforming the overall mining regulatory framework to align with global… Read More Here

Mining in DRC Cobalt Copper Lithium

Zijin Mining to Boost Copper Production with Focus on DRC Expansion

May 24, 2024May 24, 2024 Constance

Zijin Mining Group, China’s leading copper producer, has announced plans to significantly increase its production targets in response to anticipated continued rises in copper prices driven by persistent supply shortages. This strategic move will accelerate the development of its mines in the Democratic Republic of Congo (DRC), according to sources. Zijin Mining aims to increase its copper production to 1.22 million tonnes by 2025, which is a 4% rise from its previous forecast. By 2028, the company targets an ambitious production range of 1.5 to 1.6 million tonnes, marking a… Read More Here

Copper Exploration Mining in Zambia New Mining Projects Press Release

BeMetals Discovers Extensive Copper Mineralization in Zambian Copperbelt

May 23, 2024May 24, 2024 Constance

BeMetals Corp. (TSXV: BMET, OTCQB: BMTLF, Frankfurt: 1OI.F) (the “Company” or “BeMetals”) has announced that three of four new core holes have intersected significant copper sulphide mineralization at the Pangeni Copper Project in Zambia (the “Project” or the “Property”). Today’s new analytical results support and enlarge the Company’s discovery of extensive zones of copper mineralization covering more than 1.7 kilometres of strike length under sand cover. Importantly, the copper mineralization bears many of the hallmarks in terms of style, width, grade, and geology to deposits that are mined in the Domes… Read More Here