Exploration - Copperbelt Katanga Mining

Ivanhoe Mines Commences Exploration for Sediment-hosted Copper in Central Kazakhstan 1

Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Executive Co-Chairman Robert Friedland and President Marna Cloete announced yesterday that an Exploration Joint Venture has been formed to explore the Chu-Sarysu Copper Basin in Kazakhstan, the world’s third-largest sediment-hosted copper district. The Joint Venture, with UK-based private company Pallas Resources, covers a highly prospective licence package of up to 16,000 km2, which spans an accumulated dataset of Soviet-era exploration data. For comparison, the licence package is approximately 7.5 times the size of Ivanhoe’s Western Forelands Exploration Project. Ivanhoe has committed to fund $18.7… Read More Here

Mining in Zambia Corporate News Exploration New Mining Projects

Zambia’s IRL Partners with Barrick Gold to Boost Mining Exploration and Development

February 9, 2025February 11, 2025 Constance0 comment

Industrial Resources Limited (IRL), a subsidiary of Zambia’s Industrial Development Corporation (IDC), has partnered with Barrick Gold Corporation, a global mining leader, to advance exploration and development in Zambia’s mining sector. This strategic collaboration aims to unlock Zambia’s rich mineral potential, support the country’s mining growth targets, and drive economic development. The initiative aligns with Zambia’s broader vision to expand its mining sector, targeting an annual copper production of three million metric tons over the next decade. By combining IRL’s strong local expertise with Barrick’s world-class mining capabilities, the partnership… Read More Here

Mining in Zambia Exploration New Mining Projects

FQM DRIVES ZAMBIAN MINING GROWTH WITH LANDMARK COPPERBELT GEOLOGICAL SURVEY

January 28, 2025January 28, 2025 Constance0 comment

LUSAKA, ZAMBIA – Recognising the vast untapped potential of the Copperbelt Province, First Quantum Minerals (FQM) has handed over a ground-breaking aerial geological survey of the Copperbelt to the Zambian government. The survey, entirely funded by FQM, addresses the lack of comprehensive documentation of the region’s mineral wealth, despite over a century of mining operations. Now complete, the survey has been officially handed-over to Zambia’s Minister of Mines and Mineral Development during a ceremony hosted by His Excellency President Hakainde Hichilema. The airborne geophysical data, which is available through the… Read More Here

International Exploration Technology & Innovation

Ivanhoe Electric and BHP Launch First Survey in Arizona Under Exploration Alliance

January 9, 2025January 9, 2025 Constance

Ivanhoe Electric (NYSE American: IE, TSX: IE) has launched its inaugural geophysical survey using the advanced Typhoon data acquisition system as part of a copper exploration alliance with global mining giant BHP (ASX, NYSE: BHP). The partnership, established in May 2024, aims to uncover hidden mineral deposits across the southwestern United States. The exploration focuses on six areas of interest in Arizona, New Mexico, and Utah, spanning approximately 3,655 km². BHP has committed $15 million in funding over a three-year period, while Ivanhoe Electric will serve as the operator, deploying… Read More Here

Exploration Copper Corporate News New Mining Projects

KoBold Metals Raises $537 Million to Accelerate AI-Driven Mineral Exploration

January 3, 2025January 3, 2025 Constance

KoBold Metals, a Berkeley-based mining and artificial intelligence (AI) start-up backed by Bill Gates and Jeff Bezos, has raised $537 million in its latest funding round. This Series C round values the company at $2.96 billion and was co-led by existing investor T. Rowe Price and Durable Capital Partners. Other participants included Gates’ Breakthrough Energy Ventures, Andreessen Horowitz, and new backers like StepStone. With total funding of $1 billion to date, KoBold is positioning itself as a leading competitor in the critical minerals sector, challenging China’s dominance. The company specializes… Read More Here

Mining in Zambia Copper Exploration New Mining Projects

Patriot Lithium Secures Major Stake in Zambia’s Kitumba Copper Exploration License

December 5, 2024December 5, 2024 Constance

Australian mining company Patriot Lithium has reached an agreement with Newlight Nominees Zambia to acquire a 90% stake in the Kitumba Copper Large Scale Exploration License. The 255 km² license is strategically situated near Sinomine’s newly inaugurated $600 million Kitumba Copper Mine, which boasts an annual production capacity of 50,000 tons. This proximity positions Patriot to capitalize on a region with established mining infrastructure and proven copper potential. Patriot Lithium paid an initial $25,000 signing fee and has a 12-month window to establish a Special Purpose Vehicle (SPV) to complete… Read More Here

Mining in Zambia Copper Exploration New Mining Projects

Statunga Investments Secures Key License for Zambia’s Luansobe Copper Project Expansion

November 5, 2024November 5, 2024 Constance

Zambian mining firm Statunga Investments Limited has obtained an additional small-scale mining license for the Luansobe Copper Project in Zambia. This new license, numbered 34545-HQ-SML, is valid for ten years and authorizes the exploration and extraction of copper, as well as other base and precious metals, over a 384-hectare area. “We now have a second mining license for Luansobe, covering the underground resource area,” stated Colin Bird, Chairman of Galileo Resources. The license supports Galileo Resources’ strategy to develop both open-pit and underground resources at Luansobe. The company is also… Read More Here

Mining in DRC Exploration Oil & Gas

DRC and Angola Sign Key Agreement on Revenue Sharing for Block 14/23 Oil Exploitation

October 19, 2024October 19, 2024 Constance

On Wednesday, October 2, 2024, in Luanda, Angola, the Democratic Republic of Congo (DRC) and Angola signed the Regulation of the Supervision Commission of the Common Account for the Zone of Common Interest (ZIC) and an Agreement on revenue sharing and tax compliance related to ZIC – Block 14/23. This signing took place during the Angola Oil & Gas (AOG) International Conference, in the presence of Angolan President João Lourenço. DRC’s Minister of Finance, Doudou Fwamba Likunde Li-Botayi, and his Angolan counterpart, Vera Esperança dos Santos Daves da Costa, formalized… Read More Here

Mining in DRC Exploration Gold

Kibali Gold Mine Discovers Major Deposits, Expands Exploration in DRC

October 10, 2024October 10, 2024 Constance

At its 54th quarterly press conference on October 8 in Kinshasa, Kibali Gold Mines announced significant new deposit discoveries near its plant, boosting the mine’s long-term growth prospects. Mark Bristow, Barrick’s Chairman and CEO, shared that these discoveries will help maintain Kibali’s status as Africa’s largest gold mine for years to come. Bristow revealed that the newly identified “ARK” target, just 4 km from the processing plant, holds the potential for a high-grade deposit of several million ounces. This discovery, along with deeper extensions of the KCD deposit, will help… Read More Here

Mining in DRC Exploration New Mining Projects

EGC Reports Strong Exploration Results in DRC’s Tombolo and Kanunka Blocks

September 22, 2024September 23, 2024 Constance

Enterprise Générale du Cobalt (EGC) has announced promising exploration results from its leases in the Tombolo and Kanunka blocks in Lualaba province, Democratic Republic of Congo (DRC). In collaboration with Cobalt for Development (C4D) and funded by BASF, BMW, Samsung SDI, STIHL, and Volkswagen Group, EGC has initiated a comprehensive exploration program. This includes geological mapping, surface and subsurface soil and rock sampling, and drilling target identification Initial analyses show significant mining potential for copper and cobalt in the Tombolo and Kanunka blocks, which cover a total area of 2.51… Read More Here