Mining Projects - Copperbelt Katanga Mining

Xtract Resources Enters JV to Acquire Majority Stake in Zambia's Silverking Copper Mine 1

Xtract Resources has announced a joint venture (JV) agreement with Oval Mining, in collaboration with Cooperlemon Consultancy, aimed at acquiring up to a 70% stake in Zambia’s Silverking copper mine and its associated exploration license. The initial option period spans 18 months, during which Xtract is obligated to invest $500,000 in exploration activities to earn a 51% interest. Upon completion of the earn-in period or upon reaching the investment threshold, the JV will be formally established between Xtract and Cooperlemon. Xtract retains the option to increase its stake to 70%… Read More Here

International Mining Projects

Nigeria to Prioritize Local Mineral Processing in New Mining License Guidelines

April 4, 2024April 4, 2024 Constance

Nigeria is set to implement new guidelines that will only grant mining licenses to companies with plans for local mineral processing, announced a government spokesperson on Thursday. This marks a departure from Nigeria’s longstanding policy of exporting raw materials, as African nations seek to maximize value from their mineral resources. To encourage investment, Nigeria will offer incentives to investors, including tax waivers for importing mining equipment, simplified procedures for securing electricity generation licenses, full repatriation of profits, and enhanced security measures, according to Segun Tomori, spokesperson for Nigeria’s Minister of… Read More Here

International Copper Mining Projects

First Quantum Acquires Majority Stake in La Granja Copper Project in Peru

April 3, 2024April 3, 2024 Constance

First Quantum Minerals has acquired a 55% stake in the La Granja copper project in Peru for US$105 million in a joint venture with Rio Tinto. La Granja, located in Cajamarca, northern Peru, holds substantial copper reserves and has the potential to become a significant long-term mining operation. Following regulatory approvals from the Government of Peru, First Quantum’s investment will total up to US$546 million, exclusively financing operational and capital costs to advance the project through feasibility studies and development. As the majority shareholder, First Quantum will oversee project operations,… Read More Here

International Mining Projects Uranium

Paladin Energy Ltd Achieves Uranium Concentrate Production at Langer Heinrich Mine

April 3, 2024April 3, 2024 Constance

Paladin Energy Ltd announced the successful commencement of uranium concentrate production and drumming at the Langer Heinrich Mine on March 30, 2024. The focus now shifts to production ramp-up and building a finished product inventory in preparation for customer shipments. In line with this transition, Paladin’s Chief Operating Officer, Paul Hemburrow, will assume responsibility for all Langer Heinrich Mine activities. Key operational parameters for 2025 will be guided by Paladin in July 2024. CEO Ian Purdy expressed the significance of achieving the first production milestone at the Langer Heinrich Mine… Read More Here

International Copper Mining Projects

Metso and Almalyk MMC Ink Agreement for Copper Smelter Project in Uzbekistan

April 3, 2024April 3, 2024 Constance

Metso and JSC Almalyk Mining and Metallurgical company (Almalyk MMC) have signed a frame agreement on significant process technology deliveries for Almalyk MMC’s new copper smelter investment in Uzbekistan. The companies have collaborated on the development of minerals processing and metallurgical operations since 2011. Equipment package contracts under the framework agreement will be booked once they have been signed and become effective. We currently estimate that the majority of those contracts will be signed this year. The frame agreement is a continuation of Metso’s and Almalyk MMC’s contract signed at… Read More Here

Mining in DRC Copper Mining Projects

Ivanhoe Mines Reports Q1 2024 Production Results for the Kamoa-Kakula Copper Complex

April 3, 2024April 3, 2024 Constance

Kamoa-Kakula produced 86,203 tonnes of copper in concentrate in Q1 2024 2024 production guidance for Kamoa-Kakula maintained at 440,000 to 490,000 tonnes of copper in concentrate, with early commissioning of the Phase 3 concentrator now in May 2024 DRC grid infrastructure upgrades underway, as well as phased roll-out of on-site, backup generation capacity Daily milling record achieved of 31,375 tonnes of ore by Phase 1 and 2 concentrators on January 2, 2024 Quarterly mining record achieved of 2.50 million tonnes of ore from Kakula and Kamoa 1 underground mines Ivanhoe… Read More Here

International Copper Mining Projects

Cobre Ltd Initiates Comprehensive Scoping Study for Ngami Copper Project

April 3, 2024April 3, 2024 Constance

Cobre Ltd (ASX:CBE) has engaged the services of METS Engineering Group, a metallurgical and processing advisory firm, to conduct a thorough process design scoping study for the Ngami Copper Project in Botswana. METS will assess the potential application of In-Situ Copper Recovery (ISCR) and other extraction methods to beneficiate the copper-silver mineralization at Ngami. The project holds a conceptual exploration target ranging from 103 to 166 million tonnes with copper grades between 0.38% and 0.46%. The study aims to provide insights into the most economically viable extraction method. Key findings… Read More Here

International Mining Projects

Glencore makes additional investment in Stillwater Critical Minerals

March 30, 2024March 30, 2024 Constance

Glencore’s Canadian subsidiary has made an additional investment of C$2.1 million in Stillwater Critical Minerals (TSXV: PGE) and its flagship nickel project located in the Stillwater mining district of Montana. The Stillwater West project – which is also prospective for copper, cobalt, platinum group elements and gold – represents the largest nickel resource in an active US mining district, according to estimates by Stillwater Critical. In a January 2023 technical report, the company defined 1.6 billion lb. of nickel, copper and cobalt in inferred resources, and 3.8 million oz. of… Read More Here

Mining in Zambia Exploration Mining Projects New Mining Projects

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

March 30, 2024March 30, 2024 Constance

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 Copper Mining Projects

Kansanshi Rising: Inside S3 with Anthony Mukutuma

March 29, 2024March 29, 2024 Constance

In May 2022, First Quantum Minerals (FQM) reinforced its commitment to Zambia by investing $1.25 billion in an expansion project at Kansanshi, known as the ‘S3 project’. The project will extend the life of the mine by 20 years, protect thousands of jobs, and ensure that the company’s widespread and varied support for the community can continue. S3 involves expanding Kansanshi’s mining pit, building a new processing plant, and enlarging the mine’s on-site smelter – all in the name of producing more copper. Following a conversation with the mine’s General… Read More Here