Exploration - Copperbelt Katanga Mining

Koryx Copper Raises N$21 Million for Exploration Projects in Namibia and Zambia 1

Koryx Copper Inc. has successfully raised N$21 million (C$1.505.250) through a private placement to fund further exploration projects in Namibia and Zambia, as well as for general working capital. The company offered 23,157,692 units at C$0.065 per unit, with each unit comprising one common share and one common share purchase warrant. Each warrant allows the holder to purchase one common share at an exercise price of $0.10 within thirty-six (36) months from the closing date of the private placement. All securities issued are subject to a mandatory four-month and one-day… Read More Here

Mining in Zambia Exploration

Zambian Chief Urges Govt Action on Mineral Exploration

March 25, 2024March 25, 2024 Constance

Chief NDAKE of Nyimba District has urged the government to accelerate mineral exploration efforts across the country, emphasizing the importance of understanding the nation’s mineral resources. Highlighting the abundance of mineral deposits in areas like Eastern Province, Chief NDAKE emphasized the need for these resources to be tapped into for development. His remarks were made during the launch of a Mining Study by Caritas Chipata, aimed at enhancing transparency and accountability in mining activities within Lusangazi and Nyimba Districts. And John Zulu, the Programmes Officer of Caritas Chipata Governance Unit,… Read More Here

Technology & Innovation Copper Exploration Gold International Mining technology Press Release

Ivanhoe Electric to Implement Advanced Software at Tintic Copper-Gold-Silver Project

March 15, 2024March 15, 2024 Constance

Ivanhoe Electric Announces Application of Latest Computational Geosciences Inc. Software at Tintic Copper-Gold-Silver Project in Utah Recent Advancements in CGI’s Machine Learning-based Software Improve Quality and Speed of Typhoon™ Data Processing Updated Interpretation of Typhoon™ Survey Data at Tintic Resulted in Refined Drill Targets Ivanhoe Electric and CGI Are Utilizing the Latest Software in Recent U.S. Surveys and in the Company’s Saudi Arabian Exploration Joint Venture with Ma’aden PHOENIX, ARIZONA – Ivanhoe Electric Inc. (“Ivanhoe Electric”) (NYSE American: IE; TSX: IE) and its subsidiary, Computational Geosciences Inc. (“CGI”), are pleased to… Read More Here

Mining in Zambia Battery Metals Cobalt Copper Exploration Lithium

KoBold Metals Leads the Charge in Mineral Exploration for Energy Transition

March 13, 2024March 13, 2024 Constance

KoBold Metals, a pioneering mining startup with backing from industry giants like Bill Gates and Jeff Bezos, is optimistic about its prospects in uncovering crucial metals vital for the energy transition. The company’s enthusiasm surged following its recent breakthrough discovery of a substantial copper deposit in Zambia. According to Josh Goldman, KoBold Metals’ president, this find marks a significant milestone, especially amid the mining industry’s struggle to meet the growing demand for metals essential to the energy transition. Utilizing artificial intelligence to create a “treasure map,” KoBold Metals focuses on… Read More Here

Mining in Zambia Exploration New Mining Projects

Midnight Sun Partners with KoBold Metals to Explore Dumbwa Target in Zambia

February 21, 2024February 21, 2024 Constance

Midnight Sun Mining Corp. (TSX-V: MMA / OTCQB: MDNGF) has announced the signing of an earn-in agreement with KoBold Metals Company, marking a significant milestone in the exploration of the Dumbwa Target within the Solwezi Project in Zambia. KoBold Metals Company, renowned for its innovative approach to battery metal exploration, will undertake exploration activities on Dumbwa. Backed by investors such as Breakthrough Energy Ventures and Andreessen Horowitz, KoBold aims to leverage its advanced technology to accelerate the discovery of critical minerals. Under the agreement, KoBold can earn a 75% interest… Read More Here

Mining in Zambia Energy Exploration

Anglo American Advances Exploration in Zambia and Expands Renewable Energy Portfolio

February 12, 2024February 12, 2024 Constance

Anglo American, a leading mining company, is making significant strides in early-stage exploration in Zambia’s Northwestern Province to uncover potential copper and cobalt reserves. This move, announced by Anglo American CEO Duncan Wanblad in Cape Town, signifies the company’s commitment to fostering a more resilient mining industry in southern Africa. “Wanblad expressed optimism about Zambia’s mining sector, highlighting its potential for renewed activity, which bodes well for both Zambia and African mining as a whole,” stated the CEO. “Despite being in the early stages, we are determined to make a… Read More Here

Mining in Zambia Exploration

Zambia’s Mines Ministry Plans Extensive Geological Mapping for Mineral Assessment

February 4, 2024February 4, 2024 Constance

Permanent Secretary of Zambia’s Ministry of Mines and Minerals Development Hapenga Kabeta, recently disclosed plans to commence geological mapping across the country to determine its mineralization. In an interview, Dr. Kabeta outlined the division of the nation into four zones, marking the preparation for this extensive exercise. “We have to find out what minerals are there in the country, where they are, and in what quantities. This year we are starting the exercise of mapping the country, and we have divided it into four zones. I’m confident the exercise will… Read More Here

International Cobalt Copper Exploration

Rio Tinto Strengthens Mining Ties with Angola through Second Investment Contract

January 30, 2024January 30, 2024 Constance

On January 17, 2024, Rio Tinto, the prominent English-Australian mining company, formalized a significant mining investment contract with the Angolan Ministry of Mineral Resources, Oil, and Gas in Luanda. The lucrative $5.7 million USD deal encompasses a 35-year exploratory license for the Moxico Concession, spanning an extensive 9,987 square kilometers (3,856 square miles). Rio Tinto’s exploration efforts will focus on uncovering base metals, including copper, zinc, cobalt, and titanium, according to the company’s official statement. The contractual agreement initiates a dedicated five-year prospecting phase, with the potential for a two-year… Read More Here

International Contracts & tenders Exploration News in Brief

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