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Category: Copper

Metso and Almalyk MMC Ink Agreement for Copper Smelter Project in Uzbekistan 1 International Copper 

Metso and Almalyk MMC Ink Agreement for Copper Smelter Project in Uzbekistan

Constance
Metso and JSC Almalyk Mining and Metallurgical company (Almalyk MMC) have signed a frame agreement on significant process technology deliveries for Almalyk MMC’s new copper smelter investment in Uzbekistan. The companies have collaborated on the development of minerals processing and metallurgical operations since 2011. Equipment package contracts under the framework agreement will be booked once they have been signed and become effective. We currently estimate that the majority of those contracts will be signed this year. The frame agreement is a continuation of Metso’s and Almalyk MMC’s contract signed at… Read More Here
FQM CELEBRATES GRADUATE DEVELOPMENT PROGRAMME COMPLETION 2 Mining in Zambia Copper 

FQM CELEBRATES GRADUATE DEVELOPMENT PROGRAMME COMPLETION

Constance
First Quantum Minerals’ subsidiary, FQM Trident, has celebrated the completion of its first Graduate Development Programme (GDP), recognising the achievements of eight young professionals who have successfully completed the two-year programme. The GDP was launched in 2022 with the aim of nurturing fresh talent and building a robust pipeline for the future of Trident. After a rigorous selection process, 12 exceptional individuals were chosen to embark on the programme. Speaking at the graduation ceremony, FQM Trident Limited, General Manager Gordon White, emphasised the importance of embracing a mindset of continuous… Read More Here
Ivanhoe Mines Reports Q1 2024 Production Results for the Kamoa-Kakula Copper Complex 3 Mining in DRC Copper 

Ivanhoe Mines Reports Q1 2024 Production Results for the Kamoa-Kakula Copper Complex

Constance
Kamoa-Kakula produced 86,203 tonnes of copper in concentrate in Q1 2024 2024 production guidance for Kamoa-Kakula maintained at 440,000 to 490,000 tonnes of copper in concentrate, with early commissioning of the Phase 3 concentrator now in May 2024 DRC grid infrastructure upgrades underway, as well as phased roll-out of on-site, backup generation capacity Daily milling record achieved of 31,375 tonnes of ore by Phase 1 and 2 concentrators on January 2, 2024 Quarterly mining record achieved of 2.50 million tonnes of ore from Kakula and Kamoa 1 underground mines Ivanhoe… Read More Here
Chile’s mining production up 7.7% in February 4 International Copper Lithium 

Chile’s mining production up 7.7% in February

Constance
Chile’s mining production is starting to turn the corner after months of a sustained output slump, with the country’s total output up 7.7% in February from the same month last year. The country’s top commodities, copper and lithium, were behind the overall production increase, according to data published by the National Institute of Statistics (INE). Metal extraction grew by 5.5% on the back of rising copper output, which grew 9.95% to 420,242 tonnes. The country accounts for almost a quarter of the world’s copper supply, equivalent to about 5.2 million… Read More Here
Cobre Ltd Initiates Comprehensive Scoping Study for Ngami Copper Project 5 International Copper 

Cobre Ltd Initiates Comprehensive Scoping Study for Ngami Copper Project

Constance
Cobre Ltd (ASX:CBE) has engaged the services of METS Engineering Group, a metallurgical and processing advisory firm, to conduct a thorough process design scoping study for the Ngami Copper Project in Botswana. METS will assess the potential application of In-Situ Copper Recovery (ISCR) and other extraction methods to beneficiate the copper-silver mineralization at Ngami. The project holds a conceptual exploration target ranging from 103 to 166 million tonnes with copper grades between 0.38% and 0.46%. The study aims to provide insights into the most economically viable extraction method. Key findings… Read More Here
Zambia's Minister of Mines Declares Glencore's Exit from Mopani Copper Mines 6 Mining in Zambia Copper Economy 

Zambia’s Minister of Mines Declares Glencore’s Exit from Mopani Copper Mines

Constance
The Minister of Mines and Mineral Development, Paul Kabuswe, has announced a significant development in the operations of Mopani Copper Mines (MCM). According to Mr. Kabuswe, Glencore, the Swiss mining and commodity trading giant, has completely disengaged from Mopani following the resolution of a substantial debt issue by International Resources Holdings (IRH). Initially, Glencore was owed a substantial sum amounting to US$1.7 billion. However, through negotiations with the government, this debt was successfully reduced to US$400 million. This negotiation paved the way for Glencore to sever its ties with Mopani,… Read More Here
FQM Engages with Jiangxi Copper on Funding and Business Options 7 Copper Mining in Zambia 

FQM Engages with Jiangxi Copper on Funding and Business Options

Constance
Executives from Canadian mining company First Quantum Minerals recently held discussions with Chinese government officials regarding funding and business strategies involving top investor Jiangxi Copper Co, according to three sources familiar with the matter. The talks, which took place in Jiangxi province, covered various topics, including the potential for Jiangxi Copper to gain influence on First Quantum’s board decisions, the future of First Quantum’s Zambian assets, and the possibility of Jiangxi purchasing disputed copper concentrates inventory from Panama. While shares of First Quantum rose 5% on the Toronto Stock Exchange… Read More Here
FQM executives get pay increases despite company’s woes 8 International Copper 

FQM executives get pay increases despite company’s woes

Constance
The senior executive team at Canadian copper miner First Quantum Minerals Ltd.FM-T +2.32%increasegot substantial compensation bumps and favourable performance reviews in a year the company was forced to shut down its biggest mine, and its stock lost more than half its value. Late last year, Vancouver-based First Quantum shuttered the Cobre Panama mine after Panama’s Supreme Court declared its mining contract was unconstitutional. The giant copper mine in Panama accounted for about half of First Quantum’s revenue. The company’s financial condition deteriorated so much in the aftermath that it was… Read More Here
Gécamines Mining in DRC Cobalt Copper 

US Seeks Closer Ties with DRC Miner Gecamines to Secure Critical Mineral Supply

Constance
The United States is actively engaged in regular dialogue with the Democratic Republic of Congo’s state miner, Gecamines, as part of efforts to strengthen ties with key suppliers of cobalt and copper in Africa, a senior State Department official informed Reuters. With China’s aggressive investment in Congo, Zambia, and other African nations, Washington has increasingly expressed concerns about the concentration of mineral supplies essential for electric vehicles and electronics in the hands of a single dominant player. Jose Fernandez, the US State Department’s under secretary for economic growth, energy, and… Read More Here
Kansanshi Rising: Inside S3 with Anthony Mukutuma 9 Mining in Zambia Copper 

Kansanshi Rising: Inside S3 with Anthony Mukutuma

Constance
In May 2022, First Quantum Minerals (FQM) reinforced its commitment to Zambia by investing $1.25 billion in an expansion project at Kansanshi, known as the ‘S3 project’. The project will extend the life of the mine by 20 years, protect thousands of jobs, and ensure that the company’s widespread and varied support for the community can continue. S3 involves expanding Kansanshi’s mining pit, building a new processing plant, and enlarging the mine’s on-site smelter – all in the name of producing more copper. Following a conversation with the mine’s General… Read More Here

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