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Category: Copper

President Hichilema Commits to Unlocking New Luanshya Mines 1 Mining in Zambia Copper Governance 

President Hichilema Commits to Unlocking New Luanshya Mines

Constance
President Hakainde Hichilema expressed gratitude to the residents of Luanshya and the Copperbelt for their patience as his government works to unlock Shaft 28, now renamed New Luanshya Mines. Speaking at a public rally in Luanshya’s Roan Constituency at Mpatamatu Stadium, President Hichilema reassured the community of his administration’s commitment to improving their livelihoods. President Hichilema underscored his government’s determination to ease the lives of the people of Luanshya and the broader Copperbelt region. He emphasized the importance of unity in fostering development, highlighting the need for collective efforts to… Read More Here
Zambia and China Celebrate Revival of Luanshya Copper Mines 2 Mining in Zambia Copper New Mining Projects 

Zambia and China Celebrate Revival of Luanshya Copper Mines

Constance
Zambia and the People’s Republic of China commemorated the commencement of the dewatering process at the long-dormant Luanshya Copper Mines, affectionately known as Shaft 28, in a groundbreaking ceremony filled with jubilation and hope. This event, hailed as a significant milestone, signifies a new chapter in the enduring relationship between the two nations. President Hakainde Hichilema, speaking at the ceremony, expressed profound gratitude to His Excellency President Xi Jinping, the people of China, and the China Non-Ferrous Metals Corporation (CNMC) for their pivotal investment in revitalizing the once-thriving mine. He… Read More Here
President Hichilema Launches Revitalization of Luanshya Copper Mines 3 Mining in Zambia Copper 

President Hichilema Launches Revitalization of Luanshya Copper Mines

Constance
In a landmark event, President Hakainde Hichilema inaugurated the dewatering of Shaft 28 at Luanshya Copper Mines last week, marking a significant step towards revitalizing Zambia’s mining industry. The ambitious project, backed by a $500 million investment from China Non-Ferrous Metals Corporation (CNMC), promises to create over 3,000 jobs and inject new life into the region’s economy. The ceremony, attended by dignitaries and officials, symbolized a strong partnership between Zambia and China, underscoring their commitment to fostering economic growth and development. President Hichilema expressed gratitude to President Xi Jinping and… Read More Here
Chile’s copper output up 9.8% in February, Codelco production dips 4 International Copper 

Chile’s copper output up 9.8% in February, Codelco production dips

Constance
Copper production in Chile rose 9.8% on an annual basis to 417,000 metric tons in February even as state-run Codelco’s output dipped, the country’s copper commission Cochilco said last week. Despite the overall rise, production at Chile’s embattled copper giant Codelco, the world’s largest copper producer, dipped 1.6% to 103,700 tons. February’s rise in production was helped by a 34.1% year-on-year rise from BHP’s flagship Escondida mine, the world’s largest copper mine, which saw production reach 97,500 tons in February Collahuasi, another major copper mine in Chile jointly run by… Read More Here
KoBold Metals Gets Greenlight for Konkola West Copper Project 5 Mining in Zambia Copper 

KoBold Metals Gets Greenlight for Konkola West Copper Project

Constance
Mineral exploration startup KoBold Metals Company will commence drilling activities at the Konkola West Copper Project in Zambia this month. The company will assess deep copper mineralization within the main ore shale, which also hosts large-scale deposits and mining projects including the Konkola and Mingomba Mines. “The first drill site has been selected, the drill contract has been let, drill site preparation has been completed and equipment mobilisation is in progress,” stated Patrick Cheetham, Executive Chairman of Tertiary Minerals, a subsidiary of KoBold in Zambia. The announcement follows Kobold securing… Read More Here
ARSP and CMOC Forge Agreement to Boost Congolese Participation in Tenke Fungurume Mining Value Chain 6 Mining in DRC Copper 

ARSP and CMOC Forge Agreement to Boost Congolese Participation in Tenke Fungurume Mining Value Chain

Constance
The Congolese Regulatory Authority for Subcontracting in the Private Sector (ARSP) has announced a groundbreaking agreement with China’s CMOC Group, the majority shareholder of Tenke Fungurume Mining (TFM), to enhance Congolese involvement in the project’s value chain. Under the agreement, CMOC, holding an 80% stake in TFM, commits to ensuring that subcontractors involved in the project are at least 51% Congolese-owned, as mandated by regulations. In its facilitative role, ARSP is assisting CMOC by providing a curated list of recommended Congolese businesses, such as Elephant Trade, Panaco, GHS, and Bofa,… Read More Here
BEMETALS REPORTS FURTHER POSITIVE COPPER INTERVALS FROM 2023 7 Mining in Zambia Copper Press Release 

BEMETALS REPORTS FURTHER POSITIVE COPPER INTERVALS FROM 2023

Constance
BeMetals Corp. (TSXV: BMET, OTCQB: BMTLF, Frankfurt: 1OI.F) (the “Company” or “BeMetals”) is has announced the remaining drilling results from its 2023 exploration program at the Pangeni Copper Project in Zambia (the “Project” or the “Property”).   A new phase of core drilling has recently commenced to identify additional zones of higher-grade copper and expand the footprint of the mineralization within the priority D-Prospect area. Highlights: .D14-C1: Returned multiple zones of copper mineralization from a shallow, approximately 70 metres, vertical depth .D14-C1: Interval 1: 69.41 metres grading 0.25 % copper (“Cu”),… Read More Here
Luanshya Copper Mines Prepares for Revival with De-watering Trials 8 Mining in Zambia Copper 

Luanshya Copper Mines Prepares for Revival with De-watering Trials

Constance1 Comment
Following recent developments at Konkola Copper Mines and Mopani, attention has turned to Luanshya as the next target for revitalization. Trial runs to de-water the flooded Shaft 28 at CNMC Luanshya Copper Mines (CLM) Plc have commenced, signaling the beginning of efforts to restore mining operations in the area. De-watering the flooded shaft, which occurred in 2001 under the Binani Group of Companies, is a crucial step in preparing for the official commissioning of mining activities. This process involves continuous pumping from de-watering wells around the mine and installing pumps… Read More Here
Copper Prices Surge Amid Supply Tightness and Chinese Demand Hopes 9 International Copper 

Copper Prices Surge Amid Supply Tightness and Chinese Demand Hopes

Constance
Copper prices soared to their highest intraday levels since January 2023, driven by tightening supply conditions and optimism surrounding a potential recovery in Chinese demand. On Monday, prices surged as much as 1.7% to reach $9,484.50 per ton, marking a 15% increase over the past two months. Major disruptions at key mines have led smelters to pay historically high prices for mined ore, while Chinese plants, responsible for over half of global refined copper production, are considering joint output cuts in response to the supply constraints. Investor sentiment has also… Read More Here
FQM Addresses Environmental Risks at Cobre Panamá Mine 10 International Copper 

FQM Addresses Environmental Risks at Cobre Panamá Mine

Constance
First Quantum Minerals’ subsidiary, Minera Panamá, has issued a warning regarding the potential hazards of long-term copper concentrate storage at the Cobre Panamá mine. The company reports an increase in chemical reactions leading to the generation of dangerous gases and rising temperatures in the stored material. These factors pose environmental risks and threaten the health and safety of workers engaged in care and maintenance activities at the site. Since the forced closure of Cobre Panamá last December, ordered by the Laurentino Cortizo administration, First Quantum has been unable to export… Read More Here

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