Copper - Copperbelt Katanga Mining

Abu Dhabi's IRH and Jubilee Metals Group Forge Joint Venture for Copper Project in Zambia 1

Abu Dhabi’s International Resources Holding (IRH) has affirmed its commitment to form a joint venture (JV) with Jubilee Metals Group, a diversified metals processor, to undertake a copper waste rock project in Zambia. Additionally, IRH aims to advance the upgrade of Jubilee’s Roan copper facility and expand its chrome operations. The waste rock project is designed to process over 260 million tonnes of copper-containing surface material. Initially, four modular processing plants will be installed with a combined capacity of 2.4 million tonnes per year. This setup is projected to yield… Read More Here

Mining in Zambia Copper Mining Supply Tenders

Mopani Copper Mines Initiates Supplier Registration Drive for Business Revival

March 27, 2024March 27, 2024 Constance1 Comment

Mopani Copper Mines (MCM) has commenced the registration of suppliers and contractors of goods and services on its database, marking the revitalization of the mine’s business operations. Following the recent handover of the mine to Abu Dhabi-based International Resources Limited (IRL) by President Hakainde Hichilema, who acquired a 51 percent stake, Mopani is taking steps to invigorate its business segment. The Copperbelt region’s economy heavily relies on mining, with over 90 percent of companies providing goods and services to the industry. However, due to decreased copper production at Mopani over… Read More Here

Mining in Zambia Copper

Mopani Copper Mines Resumes Negotiations with Mine Union Leaders

March 27, 2024March 27, 2024 Constance

Mopani Copper Mines has called upon Mine Union leaders to restart negotiations, which were halted in December of the previous year. This move comes after investment from the United Arab Emirates-based equity partner, International Resources Holdings, into Mopani. According to Mineworkers Union of Zambia President Mr. Joseph Chewe, workers at Mopani Copper Mines have been facing challenges in improving their conditions of service over the past 3 to 5 years. Yossu Nyirongo, the General Secretary of the United Mineworkers Union of Zambia, stated that the unions anticipate negotiating improved conditions… Read More Here

International Copper

Fortescue eyes developing its copper assets, not looking at Cobre Panama

March 25, 2024March 25, 2024 Constance

Australia’s Fortescue, the world’s fourth-largest iron ore miner, is looking at developing its copper resources but has not made a decision yet, its founder and executive chairman told Reuters on Saturday. “The company has choices in front of it … we have a lot of copper options on the table. And when we feel the time is right, we’ll pull the trigger,” Andrew Forrest said during a visit to Beijing. However, he said the company was not looking at First Quantum’s idled Cobre Panama copper mine. Cobre Panama, one of… Read More Here

Copper Battery Metals Nickel

Ivanhoe Electric Completes Earn-In for 60% Stake in Samapleu-Grata Nickel-Copper Project in Ivory Coast

March 25, 2024March 25, 2024 Constance

Ivanhoe Electric Announces Completion of Earn-In to Acquire a 60% Interest in the Samapleu-Grata Nickel-Copper Project in the Ivory Coast Joint Venture Partner Sama Resources Announced a New Preliminary Economic Assessment for the Project Delivering a Pre-tax NPV8 of US$463M and a Pre-tax IRR of 28.2%, with an Estimated Initial Capital Cost of US$338M The Project has the Potential for a 16-Year Mine Life Producing a Conventional 26% Copper Concentrate and a 13% Nickel Concentrate, with Associated Platinum, Palladium and Cobalt By-Products PHOENIX, ARIZONA – Ivanhoe Electric Inc. (“Ivanhoe Electric”) (NYSE… Read More Here

Mining in DRC Copper

Copper Theft Intercepted in Haut-Katanga

March 25, 2024March 25, 2024 Constance

Security services in the Haut-Katanga province of the Democratic Republic of Congo have seized two trucks loaded with approximately 60 tonnes of stolen copper cathodes in Likasi, announced the provincial Governorate. Four individuals accompanying the stolen minerals were arrested and brought before the courts in Lubumbashi for a public trial to be held, stated Governor Jacques Kyabula. He emphasized the need for transparency in revealing the sponsors and perpetrators behind such crimes. The intercepted trucks, carrying copper cathodes, are believed to have originated from Kolwezi, a mining town in the… Read More Here

Mining in DRC Copper Mining in Zambia

DRC Surpasses Peru as Second-Largest Copper Producer

March 25, 2024March 25, 2024 Constance

The Democratic Republic of Congo (DRC) has achieved a significant milestone by surpassing Peru as the world’s second-largest copper producer. Previously, Peru held this position, trailing behind Chile, one of the leading copper producers globally. The DRC, renowned for its abundant mineral resources, particularly copper, has seen a notable rise in its copper production. Initial estimates from Statista projected Chile to produce 5.3 million metric tons of copper in 2023, with Peru following closely at 2.6 million metric tons and the DRC at 2.5 million metric tons. However, recent reports… Read More Here

International Copper Mergers & Acquisitions

MMG Limited Completes Acquisition of Khoemacau Copper Mine in Botswana

March 25, 2024March 25, 2024 Constance

MMG Limited, a Hong Kong-listed base metals miner, has finalized the acquisition of the Khoemacau Copper Mine, a cutting-edge copper asset located in northwestern Botswana. The completion of the acquisition was announced today, March 22, 2024, marking a significant milestone for MMG Limited. The acquisition adds a high-quality growth project to MMG’s portfolio, signifying a transformative move for the company. As part of the acquisition, MMG paid an Aggregate Consideration of approximately US$1,734,657,000 (over P23 billion) to the sellers, with possible adjustments post-Completion. Additionally, MMG advanced approximately US$348,580,000 (over P4.5… Read More Here

Mining in Zambia Copper

Zambian Associations Applaud President Hichilema for Mopani Copper Mines Revival

March 23, 2024March 23, 2024 Constance

The National Ex-Miners and Allied Workers Association of Zambia have lauded President Hakainde Hichilema and his government for their role in unlocking Mopani Copper Mines. Lucky Zulu, Acting President of the Association, described the development at Mopani as a source of relief, bringing fresh air and hope to former miners. He emphasized the Association’s intention to communicate with Mopani management and the government, urging them to prioritize the reinstatement of ex-miners in light of the $1.1 billion investment into the mines by International Resources Holdings. Zulu expressed these sentiments in… Read More Here

Mining in Zambia About Company Copper Mining Companies Nickel

FQM Trident: A Leading Mining Powerhouse in Zambia

March 23, 2024March 25, 2024 Constance

FQM Trident, a subsidiary of First Quantum Minerals Ltd. (FQM), is a significant player in Zambia’s mining sector. Formerly known as Kalumbila Minerals, FQM Trident operates the Trident Project, encompassing two key mines: Sentinel Copper Mine: This large-scale open-pit mine, operational since 2019, is a major producer of copper, a vital metal for modern industries.Enterprise Nickel Mine: Located near the Sentinel Mine, Enterprise achieved first ore production in February 2023. It’s poised to become a significant contributor of nickel, a metal crucial for electric vehicle batteries and stainless steel.Investment and… Read More Here