Mining Projects - Copperbelt Katanga Mining

Abu Dhabi's IRH and Jubilee Metals Group Forge Joint Venture for Copper Project in Zambia 1

Abu Dhabi’s International Resources Holding (IRH) has affirmed its commitment to form a joint venture (JV) with Jubilee Metals Group, a diversified metals processor, to undertake a copper waste rock project in Zambia. Additionally, IRH aims to advance the upgrade of Jubilee’s Roan copper facility and expand its chrome operations. The waste rock project is designed to process over 260 million tonnes of copper-containing surface material. Initially, four modular processing plants will be installed with a combined capacity of 2.4 million tonnes per year. This setup is projected to yield… Read More Here

Copper Battery Metals Mining Projects Nickel

Ivanhoe Electric Completes Earn-In for 60% Stake in Samapleu-Grata Nickel-Copper Project in Ivory Coast

March 25, 2024March 25, 2024 Constance

Ivanhoe Electric Announces Completion of Earn-In to Acquire a 60% Interest in the Samapleu-Grata Nickel-Copper Project in the Ivory Coast Joint Venture Partner Sama Resources Announced a New Preliminary Economic Assessment for the Project Delivering a Pre-tax NPV8 of US$463M and a Pre-tax IRR of 28.2%, with an Estimated Initial Capital Cost of US$338M The Project has the Potential for a 16-Year Mine Life Producing a Conventional 26% Copper Concentrate and a 13% Nickel Concentrate, with Associated Platinum, Palladium and Cobalt By-Products PHOENIX, ARIZONA – Ivanhoe Electric Inc. (“Ivanhoe Electric”) (NYSE… Read More Here

International Gold Mining Projects

West African Resources Advances Mining Projects in Burkina Faso

March 23, 2024March 23, 2024 Constance

The Burkina Faso Council of Ministers has endorsed the draft decree for the issuance of a mining permit to ASX-listed West African Resources for the Toega gold deposit. As per the Mining Code of Burkina Faso, the license will be granted to a local company, 90%-owned by West African Resources and 10%-owned by the State, spanning an initial eight-year period. This approval marks a significant milestone for the commencement of mining operations at the Toega open-pit gold deposit, following the acquisition of Toega’s environmental permit in 2023. With gold resources… Read More Here

Mining in DRC Copper Gold Mining Projects Press Release

Barrick Hunts New Gold and Copper Prospects in DRC From Kibali Base

March 21, 2024March 21, 2024 Constance

Based on the success of Kibali, which Barrick has built into Africa’s largest gold mine, the company is ready to invest in new gold and copper opportunities in partnership with the government of the DRC, says president and chief executive Mark Bristow. Speaking to media at a site visit to the mine, Bristow said Kibali was on track for another value-creating year on the back of a strong production performance. It was also well set to replace the ounces that were being depleted by mining with more of the same… Read More Here

International Lithium Mining Projects

Rio Tinto to spend $350m on Argentine lithium plant

March 20, 2024March 20, 2024 Constance

Global mining company Rio Tinto has earmarked $350m for its Rincon lithium project in Argentina, Reuters reported. The move underscores the company’s commitment to commencing production by the end of the year. This development comes after Rio Tinto CEO Jakob Stausholm recently visited the site, highlighting the strategic importance of the investment. Stausholm was quoted by the news agency as saying: “The hard work of our Rincon team is laying the groundwork for our first lithium production by year’s end.” In 2022, Rio Tinto acquired the Rincon project from Rincon… Read More Here

Mining in DRC Lithium Mining Projects

Zijin’s Dispute with AVZ Over Manono Project Stake Heads to DRC Court

March 18, 2024March 18, 2024 Constance1 Comment

A legal dispute between a subsidiary of Zijin Mining, a Chinese mining giant, and Australia’s AVZ Minerals over a stake in the Manono lithium-and-tin project in the Democratic Republic of Congo (DRC) will now be adjudicated by a DRC court, following a decision by the International Chamber of Commerce (ICC) Court of Arbitration. Zijin Mining announced today that the ICC has ruled it lacks jurisdiction to hear the case between Jincheng Mining and AVZ, based in Fujian province. The dispute arose after AVZ failed to recognize Zijin Mining’s acquisition of… Read More Here

Mining in Zambia Copper Economy Mining Projects

FIRST QUANTUM CEO INSPECTS PROGRESS OF S3 EXPANSION AT KANSANSHI

March 17, 2024March 17, 2024 Constance

First Quantum Minerals Chief Executive, Tristan Pascall, has been on the ground at Kansanshi to personally inspect the progress the company is making with its S3 expansion project. Of a total investment commitment of US$1.25 billion, the majority of this is being spent this year to ensure the entire project is completed by mid-2025. The S3 expansion entails an expansion of the mine pit and the mining fleet that services it, as well as the construction of a new processing plant, and a major expansion of the Kansanshi smelter. The… Read More Here

International Gold Mining Projects

Theta Gold Secures Approvals for Mining Operations at MR 83 in South Africa

March 16, 2024March 16, 2024 Constance

Theta Gold, a mining company, announces that it has obtained all necessary approvals to initiate mining activities at Mining Right (MR) 83, encompassing the Beta, CDM, and Frankfort mines, located in South Africa’s Mpumalanga province. “We are delighted to confirm that MR 83 has secured all requisite permits, marking a significant milestone for potential project financing as previously disclosed,” stated Theta’s chairperson, Bill Guy. “With this accomplishment, our focus shifts to finalizing funding arrangements and collaborating with our chosen engineering, procurement, and construction contractor to construct the gold processing plant.”… Read More Here

Mining in DRC Battery Metals Cobalt Copper Mining Projects

DRC Grants $3.5M to Buenassa for Copper-Cobalt Plant

March 15, 2024March 15, 2024 Constance

Buenassa SARL has been granted $3.5 million by the Democratic Republic of Congo’s Industry Promotion Fund to facilitate the establishment of a copper and cobalt refinery in Lualaba province. The company announced this development in a recent press release. The funding, allocated by the Industry Minister Julien Paluku, is intended to kickstart the project aimed at bridging the gap between mining and the production of battery precursors. The initial focus will be on conducting studies, with production slated to commence in 2027. Buenassa SARL has set ambitious targets of producing… Read More Here

International Copper Gold Mining Projects

Thunder Gold Completes Sale of 25% Stake in Namibia’s Kalahari Copper Belt Project to Noronex

March 15, 2024March 15, 2024 Constance

Thunder Gold Corp, formerly known as White Metal Resources, has completed its exit from Namibia by selling its remaining 25% interest in the Kalahari Copper Belt to its joint venture partner Noronex. The belt includes the Witvlei and Dordabis projects, collectively known as the DorWit projects, boasting a current JORC (2012) compliant resource of 10 million tons at 1.3% Cu, with significant exploration potential. Noronex’s acquisition of Larchmont Investments in November 2020 led to a majority stake in Aloe 237 Investments, the owner of the Kalahari Copper Belt licenses. Now,… Read More Here