Mining Companies - Copperbelt Katanga Mining

Anglo’s stumbles have made it prey for mining’s biggest predator

April 26, 2024April 26, 2024 Constance0 comment

When former boss Mark Cutifani left Anglo American in mid-April 2022, things had rarely looked better for the century-old miner. Metals prices soared as the world emerged from lockdowns, the company had recently posted its best-ever annual profit and the popular industry veteran was handing over to a trusted lieutenant. Anglo stock hit a record the same day. Two years later, the company’s reputation is in tatters after a series of missteps sent its value plunging by half. And now industry heavyweight BHP Group is moving in. BHP’s proposal to… 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

Gold International Mining Companies

Caledonia Completes Bilboes Gold Project Acquisition In Zimbabwe

January 9, 2023January 9, 2023 Constance

Caledonia Mining Corporation has announced that, following the satisfaction of conditions precedent, it has completed the acquisition of Bilboes Gold. Bilboes is the parent company which owns, through its Zimbabwe subsidiary, Bilboes Holdings, the Bilboes gold project in Zimbabwe. As a reminder, the total consideration payable is, subject to adjustment, 5,123,044 shares representing approximately 28.5 per cent of Caledonia’s fully diluted share capital and a 1 per cent net smelter royalty on the project’s revenues. Based on the last trading day’s closing share price on NYSE American of US$12.82 per… Read More Here

International Mining Companies

Canada’s First Quantum Could Suspend Panama Jobs Due To Government Order To Halt Operations

January 9, 2023January 9, 2023 Constance

Canada-based miner First Quantum would suspend a “significant amount” of jobs at its operations in Panama if the Central American government forces it to halt operations during a contract dispute, the company said in a letter. “If we have to reduce operations to care and maintenance mode, the company will need to take steps to reduce expenditure across the business. We could be forced to suspend a significant amount of our valued workforce,” the letter sent to employees and seen by Reuters said. The company’s Cobre Panama mine generates about… Read More Here

News in Brief Mining Companies

First Quantum Minerals Ltd. Stock Rises, Outperforms Market

January 8, 2023January 9, 2023 Constance

Shares of First Quantum Minerals Ltd. inched 0.28% higher to C$28.49 Thursday,05.01.2023 in what proved to be an otherwise all-around poor trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE, +1.58% falling 0.42% to 19,506.84. First Quantum Minerals Ltd. closed C$16.89 below its 52-week high (C$45.38), which the company achieved on April 4th. Trading volume of 1.7 M shares remained below its 50-day average volume of 2.8 M. First Quantum Minerals Ltd. engages in the production, exploration and development of copper, nickel, gold, zinc and acid, and related activities. It operates… Read More Here

Mining Companies International

Ivanhoe Mines’ Robert Friedland & Marna Cloete to Present at the Future Minerals Forum in Saudi Arabia, January 11-12,2023.

January 4, 2023January 9, 2023 Constance

Ivanhoe Mines announced on 03.01.2023 that Executive Co-Chairman Robert Friedland and President Marna Cloete will both be presenting at the Future Minerals Forum at the King Abdulaziz International Conference Centre in Riyadh, Saudi Arabia, which will take place on January 11-12, 2023. The 2023 Future Minerals Forum offers an opportunity for attendees to participate in the discussions around financing a modern and responsible mining industry in new and emerging mining hubs such as Saudi Arabia. It also enables an opportunity to explore the latest thinking, advances in technology and equipment… Read More Here

Mining Companies

Strong CEC Share Price Performance Signals Investor Confidence Recovery

December 28, 2022December 28, 2022 Constance

THE strong rally in the price of Copperbelt Energy Corporation Plc (CEC) shares on the Lusaka Stock Exchange (LuSE) seen over much of this year is indicative of the return of investor confidence to the Zambian market. CEC’s share price made massive gains to reach a high of K4, becoming the most valuable stock by market capitalization on the LuSE and holding the position for about 10 weeks, from its lows of around 70 ngwee per share only a year ago. Commenting on the performance in a recent interview, company Chief… Read More Here

Mining Companies International

Asante Gold Targets Synergies & Extending Mine Life at Bibiani & Chirano In Ghana

December 27, 2022December 27, 2022 Constance

The Bibiani and Chirano gold mines, situated 15 km apart in Ghana, are expected to produce a combined 400,000 oz. of gold next year, according to Asante Gold (CSE: ASE). Asante acquired the open pit Bibiani mine from Resolute Mining in August 2021, started open pit mining operations in February 2022, and after completing the refurbishment and commissioning of the process plant in June, poured first gold in July. Commercial production followed in November. The company closed its acquisition of Chirano, an open pit and underground gold mining operation to… Read More Here

International Copper Mining Companies

First Quantum CEO Holds Talks With Panama Minister

December 27, 2022December 27, 2022 Constance

The Chief Executive Officer of Canadian miner First Quantum Minerals met Panama’s commerce and industry minister on Monday to discuss disagreements over the firm’s copper operations in the country, a person familiar with the matter said. First Quantum CEO Tristan Pascall flew to Panama over Christmas to attend the meeting in person with the minister, Federico Alfaro, according to the source, who said further talks are planned. The commerce and industry ministry did not immediately reply to a request for comment. A spokesperson for First Quantum declined to comment. The… Read More Here

International Mining Companies

Cat Rope Shovels Achieve Highest Availability In The World

December 26, 2022December 26, 2022 Constance

Southern Peru Copper Corporation (SPCC) has a reputation for setting — and achieving — ambitious goals. Its parent company, Grupo Mexico, boasts the highest copper reserves in the industry. Led by an experienced management team, the company delivers consistent strong operational and financial performance thanks to a focus on continuous improvement and contributing to Peru’s development. SPCC takes that commitment from the executive office to the mine site, focusing on achieving low-cost operations at its two mines, located southeast of Lima. Consider the company’s Cuajone mine, for example. Located at… Read More Here