Exploration - Copperbelt Katanga Mining

Angola: Government and Rio Tinto sign investment contract today

January 17, 2024January 17, 2024 Constance

The second largest metals and mining company in the world, Rio Tinto, signs today 16th January, in Luanda, with the Angolan Government, a mining investment contract for prospecting and exploration of base metals in the province of Moxico. The information was provided by the Ministry of Mineral Resources, Oil and Gas, pointing out as the target of the contract the so-called “Moxico Concession”, which covers an area of 9,959 square kilometers. The list of base metals includes ores such as copper, lead, tin, aluminum, nickel and zinc. Rio Tinto, which officially entered Angola… Read More Here

International Exploration

Saudi Arabia earmarks $182 mln for minerals exploration in mining push

January 13, 2024January 13, 2024 Constance

Saudi Arabia has established a $182 million mineral exploration incentive programme, a senior government official said last week, part of efforts to build an economy that does not rely mostly on oil. The kingdom is pushing to expand its mining sector and tap vast reserves of phosphate, gold, copper and bauxite. “This programme will de-risk investments in our exploration, securing to enable new commodities, green field projects and junior miners,” Minister of Industry and Mineral Resources Bandar Alkhorayef said, speaking at the Future Minerals Forum. Deals worth 75 billion riyals… Read More Here

Mining in DRC Exploration

DRC and Saudi Arabia Forge Collaborative Mining Ties at FMF24 Forum

January 12, 2024January 12, 2024 Constance

In a significant development, the Democratic Republic of Congo (DRC) and Saudi Arabia ratified a memorandum of understanding (MOU) on January 9, 2024, during the “Future Minerals Forum (FMF24)” in Riyadh, aimed at fostering cooperation in geological exploration, mining, environmental protection, and technology exchange. The agreement, initiated by the Congolese Minister of Mines, Antoinette N’samba Kalambayi, and her Saudi counterpart, seeks to capitalize on the substantial mining potential of the DRC. The FMF24 forum, which concluded on Thursday, January 11, gathered mining industry leaders, investors, policymakers, and experts from Africa,… Read More Here

International Copper Exploration

Barrick and Antofagasta to spend $95m exploring for copper in Chile

January 5, 2024January 5, 2024 Constance

Canada’s Barrick Gold (TSX: ABX)(NYSE: GOLD) and Chilean miner Antofagasta (LON: ANTO) have partnered to explore together for copper and other metals in the Alto del Carmen area of the country’s northern Atacama region. Through the newly formed Minera El Encierro, the companies will invest about $95 million to enable 60 drilling platforms on a property comprising 35 concessions that cover an area of 9,400 hectares. Drilling will be carried out over five years and each campaign will have an estimated duration of 10 months, El Encierro said in its… Read More Here

Mining in DRC Exploration Press Release

Ivanhoe Mines Closes C$575 Million Private Placement

December 18, 2023December 18, 2023 Constance

Ivanhoe Mines Ltd. (TSX: IVN) (OTCQX: IVPAF) (“Ivanhoe Mines” or the “Company”) announces that it has closed its previously announced private placement offering of 47,917,050 Class A common shares (the “Common Shares”) at a price of C$12.00 per Common Share for aggregate gross proceeds of approximately C$575 million (approximately US$430 million) (“the Offering”), including the full exercise of the 15% agent’s option granted to BMO Capital Markets, as sole agent, in connection with the Offering. Robert Friedland, Founder and Executive Co-Chairman of Ivanhoe Mines commented: “We would like to extend… Read More Here

Mining in Zambia Exploration News in Brief

Zambia to Launch Nationwide Mineral Mapping Project

December 1, 2023December 4, 2023 Constance

Zambia’s Acting Mines and Minerals Development Minister, Chipoka Mulenga has unveiled a nationwide initiative to comprehensively survey and map the country’s abundant mineral reserves. This strategic effort is aimed at providing the Zambian government with an in-depth understanding of its diverse mineral deposits. Highlighting progress, Mr. Mulenga announced the completion of geological surveys at Mpika district’s Kanyelele Gold Mine, conducted to assess the extent and potential of mineral resources in the area. He noted that the finalization of a detailed report on these findings is underway. Addressing the National Assembly,… Read More Here

Mining in DRC Exploration

DRC Government Unveils $60M Strategic Plan for Mineral Exploration and Certification

November 17, 2023November 17, 2023 Constance

The Government of the Democratic Republic of Congo (DRC) has devised and approved a comprehensive national strategic plan aimed at exploring and certifying mineral reserves across the country. Valued at $60 million, this strategic initiative aims to provide the state with accurate and certified data concerning the nation’s mineral wealth. President Félix Tshisekedi hailed the launch of this project during his address to the Congolese parliamentarians gathered in Congress on Tuesday, November 14, 2023. He emphasized that concerted efforts were undertaken to eliminate uncertainties surrounding mineral reserves and enhance geological… Read More Here

Mining in Zambia Copper Exploration

Anglo American Finalizes Joint Venture, Progresses Exploration in Zambia

November 12, 2023November 12, 2023 Constance

Global mining company Anglo American has confirmed it is progressing early-stage copper exploration at a number of licences in Zambia’s North-Western Province, following completion of the formation of its joint venture with a subsidiary of Arc Minerals Ltd (“Arc”). Under the terms of the joint venture agreement, which recently completed following satisfaction of the outstanding conditions (including regulatory approvals), Anglo American has a right to retain 70% of the joint venture company subject to meeting certain exploration commitments and payments to Arc. Exploratory drilling at one of the key joint… Read More Here

Mining in Zambia Copper Events & Expos Exploration

Zambia’s Minister of Mines Highlights Commitment to Sustainable Exploration & Mining

November 6, 2023November 6, 2023 Constance

Zambia, like many countries, is navigating the transition towards a more sustainable and environmentally conscious future. In this context, the demand for critical minerals is anticipated to increase. To address this forthcoming shift, the Zambian government has undertaken a series of policy adaptations aimed at fostering a sustainable mining industry. This commitment was delivered in a speech by Gerald Mwila, representing Hon. Paul C. Kabuswe, Minister of Mines and Mineral Resources, during the 16th Annual Explorer’s Forum. The forum was held under the theme “Improving Exploration to Develop Sustainable Mining… Read More Here

Mining in Zambia Exploration

Arc Minerals Completes a JV Agreement with Anglo American and Starts Exploration in Zambia

October 29, 2023October 29, 2023 arnbethnic

Arc Minerals is pleased to announce that the substantive regulatory conditions precedent with regards to its Joint Venture Agreement with a subsidiary of Anglo American plc (“Anglo American”) as previously announced (the “JVA”) have been satisfied. Arc further announces that the parties have completed the subscription of shares in the joint venture company resulting in a 70% interest having been acquired by Anglo American and a 30% interest having been acquired by Unico Minerals Ltd, a 67% subsidiary of Arc Minerals Ltd. In addition, Arc is pleased to confirm that… Read More Here