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Category: Corporate News

Mopani Copper Mines Aims to Become Global Leader with New Vision and Strategy 1 Mining in Zambia Copper Corporate News New Mining Projects 

Mopani Copper Mines Aims to Become Global Leader with New Vision and Strategy

Constance
Mopani Copper Mines PLC has unveiled a bold new corporate vision, targeting to become a global leader in the copper production and mining value chain. The updated vision, “To become a world champion mine through BEST values,” replaces the previous goal of being a “world-class mining operation.” This shift reflects the company’s evolving strategic ambitions under the leadership of its new majority shareholders, International Resources Holding (IRH), who have set a target to increase copper production from the current 65,000 tonnes to 225,000 tonnes annually within the next four years.… Read More Here
DRC Minister of Mines, H.E. Mr Kizito Pakabomba, visits Metalkol SA 2 Mining in DRC Cobalt Corporate News 

DRC Minister of Mines, H.E. Mr Kizito Pakabomba, visits Metalkol SA

Constance
On Saturday, 17 August 2024, Eurasian Resources Group in Africa (ERG Africa) had the honour of welcoming His Excellency (H.E), Mr Kizito Pakabomba, the National Minister of Mines of the Democratic Republic of Congo (DRC), to its Metalkol SA operation in the province of Lualaba for an official visit that marks the strengthening of a shared and promising vision for the sustainable development of the mining sector at national and international levels. As part of his tour of the Greater Katanga region, the Minister of Mines, H.E. Mr Kizito Pakabomba,… Read More Here
Vedanta to Sell 3.3% Stake in Hindustan Zinc for Over $950 Million 3 International Corporate News 

Vedanta to Sell 3.3% Stake in Hindustan Zinc for Over $950 Million

Constance
Indian mining giant Vedanta has announced plans to sell a 3.3% stake in its subsidiary Hindustan Zinc, exceeding the 2.6% stake it initially intended to divest. The sale involves 140 million Hindustan Zinc shares, valued at approximately ₹80.05 billion ($954 million) based on the company’s closing stock price of ₹571.75 on Wednesday. The share sale is scheduled for August 16 and 19, with a floor price set at ₹486 per share, according to a BSE circular. Following the announcement, Hindustan Zinc’s stock dropped 1.4%. Vedanta’s decision to increase the stake… Read More Here
Building energy reliability for the mining industry 4 Corporate News Energy 

Building energy reliability for the mining industry

arnbethnic
The mining sector faces considerable headwinds across the faltering global and local economies, geopolitical complexity, and power instability. Energy supply shortages are affecting mining organisations – the sector has had to navigate soaring costs, increasingly demanding sustainability regulations, and unreliable power supply while dealing with mercurial markets and fluctuating economies. They need an integrated energy approach that leverages natural and available resources in a solid and well-structured ecosystem which is cost-effective, reliable, and sustainable. Protecting this asset from the vagaries of an unreliable energy supply is crucial. And yes, the… Read More Here
FQM, ZDA HOST BUSINESS CLINIC TO BOOST MSME GROWTH IN KALUMBILA  5 Mining in Zambia Copper Corporate News Corporate social responsibility 

FQM, ZDA HOST BUSINESS CLINIC TO BOOST MSME GROWTH IN KALUMBILA 

Constance
In a collaborative effort to promote sustainable business growth in Kalumbila, First Quantum Minerals’ Trident Limited and the Zambia Development Agency (ZDA) recently organised a business clinic under the theme, “Sustainable Business Partnerships for MSME Growth.” The initiative aims to empower local entrepreneurs, foster economic diversification, and create opportunities for Micro, Small and Medium Enterprises (MSMEs). The Kalumbila Business Clinic underscored the government’s commitment to MSME business development and strong partnerships with the private sector, bringing together industry experts, including the Patents & Companies Registration Agency (PACRA), Zambia Revenue Authority… Read More Here
Kagem & Gemfields Foundation Donate Solar-Powered Lab and Classroom to Kapila Primary School 6 Mining in Zambia Corporate News Corporate social responsibility Gemstones 

Kagem & Gemfields Foundation Donate Solar-Powered Lab and Classroom to Kapila Primary School

Constance
Kagem Mining and Gemfields Foundation, the charitable arm of Kagem’s majority owner and operator – Gemfields, has handed over a newly constructed block with three classrooms and a fully equipped solar powered computer lab to Lufwanyama’s Kapila Primary School to enhance the quality of education in the area. The project, completed at a cost of approximately ZMW 6.9 million (USD 316,000), puts Kapila Primary School among the handful of educational institutions in the area offering computer lessons to its pupils. The ceremony was attended by local community members, pupils, school… Read More Here
Vedanta Restores Ownership of Konkola Copper Mines in Zambia 7 Mining in Zambia Copper Corporate News 

Vedanta Restores Ownership of Konkola Copper Mines in Zambia

Constance
In a significant development, Vedanta Resources and the Zambian government have put an end to a long-standing ownership dispute by reaching an agreement that restores Vedanta’s ownership of Konkola Copper Mines (KCM). This agreement brings closure to a protracted battle that had a negative impact on investments in the region. Zambia’s Mines Minister, Paul Kabuswe, presided over the signing of the agreement between the state-owned firm ZCCM-IH and Chris Griffith, Vedanta’s Head of Base Metals, in Lusaka. The formal handover of the copper assets, which the state had seized in… Read More Here
Barrick Sustains Progress with Key Projects and Achieves Improved Production and Efficiency in Latest Quarter 8 Gold Corporate News 

Barrick Sustains Progress with Key Projects and Achieves Improved Production and Efficiency in Latest Quarter

Constance
Barrick’s Q3 results showed improved production at lower costs and confirmed its long term growth forecast. President and chief executive Mark Bristow said the Q3 performance was an improvement on the previous quarter’s and Q4 is expected to be better. Despite the projected second half improvement, gold production is forecast to be marginally below the low end of our annual guidance range. Copper is comfortably on track to meet its guidance for production and costs. Gold production in Q3 was higher than Q2 driven by improved performances at Cortez, Turquoise… Read More Here
Gécamines Mining in DRC Corporate News 

Resource Matters Calls for Accountability in Gécamines Tax Advances Scandal

Constance
Resource Matters, a civil society organization, has issued a press release on November 1, 2023, calling on the Court of Auditors and the courts to broaden their investigation into the disappearance of hundreds of millions of USD in tax advances from Gécamines, a state-owned mining company. The organization commends the Court of Auditors for revisiting the case of missing Gécamines funds, particularly the 25.5 million USD presumed to have been embezzled by Mr. Albert Yuma, the former Chairman of Gécamines, and Deogratias Mutombo, the former Governor of the Central Bank… Read More Here
Copperbelt Katanga Mining Wins "Most Innovative Digital Mining News Platform 2023" at Innovator Awards 2023 9 Mining in Zambia Corporate News Environment Social Governance (ESG) Mining in DRC 

Copperbelt Katanga Mining Wins “Most Innovative Digital Mining News Platform 2023” at Innovator Awards 2023

Constance
Copperbelt Katanga Mining, your unwavering source for the latest developments in the mining sector, is delighted to announce that we have been bestowed with the prestigious title of “Most Innovative Digital Mining News Platform 2023” at the prestigious Innovator Awards 2023. This recognition underscores our unrelenting dedication to delivering cutting-edge content in the mining industry, reinforcing our mission to provide invaluable insights and keep our audience informed about the dynamic world of mining. The Innovator Awards, organized by Innovation in Business based in the UK, have long served as a… Read More Here

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