Mining Projects - Copperbelt Katanga Mining

Jubilee Metals Increases Stake in Zambia’s Project G and Secures Renewable Energy Supply

October 7, 2024October 7, 2024 Constance

Diversified metals producer Jubilee Metals has completed its due diligence on Project G, an open-pit copper mining operation in Zambia, and has decided to increase its ownership from 51% to 65%. This acquisition, initially announced in August, marks Jubilee’s second open-pit copper venture in Zambia, following the implementation of Project Munkoyo. In a related move, Jubilee has expanded its power allocation under the recently announced private power purchase agreement (LHPC agreement), securing an additional 2 MW of electricity. This will ensure that all Zambian operations, including the Roan concentrator, operate… Read More Here

Mining in Zambia Copper Mining Projects Mining Supply Tenders

Metso Secures €70M Contract from Barrick Gold for Lumwana Copper Project Equipment

October 3, 2024October 8, 2024 Constance

Metso has secured a significant contract from Barrick Gold for the supply of essential process equipment at the Lumwana copper project in Zambia. Valued at approximately €70 million ($78.12 million), this order will be recorded in the minerals segment’s third-quarter 2024 intake. Under the terms of the contract, Metso will provide a comprehensive suite of equipment, including systems for grinding, flotation, thickening, feeding, and filtration. Markku Teräsvasara, Metso’s Deputy CEO and President of the Minerals Business Area, expressed gratitude for the opportunity, stating, “We are honored to have been selected… Read More Here

Mining in Zambia Copper Mining Projects

Barrick Launches $2 Billion Super Pit Expansion at Lumwana Mine in Zambia

October 3, 2024October 3, 2024 Constance

The development of a Super Pit at Barrick’s Lumwana copper mine was officially launched on 3rd October 2024, by the Zambian President, His Excellency Hakainde Hichilema, accompanied by members of his cabinet. The feasibility study for the Super Pit Expansion is expected by the end of the year, paving the way for construction to start in 2025. Once completed, the $2 billion project1,4 unlocks the potential to transform Lumwana into a long-life, high-yielding, top 25 copper producer1 and a Tier One2 copper mine. The expansion involves first doubling throughput of the existing process… Read More Here

Mining in DRC Battery Metals Lithium Mining Projects

AVZ Minerals Asserts Legal Rights Amid Manono Lithium Permit Dispute

September 29, 2024September 29, 2024 Constance

AVZ Minerals Limited (AVZ) has raised concerns over the purported transformation of Research Permit PR15775 into an Exploitation Permit by Manono Lithium SAS, a joint venture between Jinxiang Lithium Limited (a subsidiary of Zijin Mining Group) and Congolaise D’Exploitation Miniere SA (Cominière). AVZ asserts that PR15775 overlaps the northern portion of PR13359, a permit the company claims legal rights to through its majority stake in Dathcom Mining SA. AVZ refers to provisional orders from the International Centre for Settlement Disputes (ICSID) arbitration proceedings (ICSID Case No. ARB/23/20). These orders, disclosed… Read More Here

Mining in DRC Lithium Mining Projects

Manono Lithium Secures Exploitation Permit for DRC Project

September 22, 2024September 22, 2024 Constance

On September 20, Manono Lithium SAS announced the successful conversion of its Exploration Permit into an Exploitation Permit for the Manono lithium mine, granted by the Ministry of Mines on September 13. A company representative highlighted the significance of this milestone for the Democratic Republic of Congo (DRC) and its local communities: “This is a crucial step that will bring jobs, investment, and numerous benefits to the region. The project will also contribute to global climate change efforts by increasing lithium supply to international markets. We are committed to its… Read More Here

International Mining Projects Uranium

Lotus Resources Confirms Viability of Letlhakane Uranium Project in Botswana

September 19, 2024September 19, 2024 Constance

ASX-listed Lotus Resources has completed a scoping study for the Letlhakane uranium project in Botswana, confirming its commercial viability with the potential to produce 3 million pounds of uranium per year and extend the project’s operational lifespan. The base case for the open-pit mine projects a total production of 42.3 million pounds of uranium oxide over 15 years at a cash cost of $42/lb. Lotus CEO Greg Bittar stated that optimization efforts could reduce costs to $36/lb. Bittar also highlighted the “blue sky” potential at Letlhakane, noting that at a… Read More Here

International Copper Mining Projects

Andrada Mining Reports Promising Drilling Results at Brandberg West

September 15, 2024September 15, 2024 Constance

Andrada Mining CEO Anthony Viljoen has announced highly encouraging initial drilling results from the Brandberg West project, revealing significant high-grade intersections of tin, tungsten, and copper. The Brandberg West project is located within exploration license EPL 5445 in Namibia’s Erongo region, approximately 100 km from Andrada’s flagship Uis Tin Mine. Historically, the Brandberg West open pit mine was operated by Gold Fields Limited until the 1980s, when exploration ceased due to a global collapse in tin prices. The mine previously produced tin and tungsten concentrates with secondary copper, though the… Read More Here

International Lithium Mining Projects

Ghana’s Lithium Project Faces Delays Amid Falling Global Prices

September 15, 2024September 15, 2024 Constance

Ghana is concerned that a slump in global lithium prices could jeopardize its first lithium mining project in Ewoyaa, according to the head of the country’s mining sector regulator. In October 2023, Ghana, a West African nation known for its gold and cocoa production, granted a 15-year lease to Australian mining company Atlantic Lithium to establish its first lithium mine by the fourth quarter of 2024. However, recent developments have raised concerns about the project’s future. The company received environmental approval for the project last Thursday, but delays in parliamentary… Read More Here

Mining in Zambia Exploration Mining Projects Uranium

GoviEx to acquire 51% interest in Zambia exploration license

September 9, 2024September 9, 2024 Constance

TSX- and OTCQX-listed GoviEx Uranium has obtained an option to acquire a 51% interest in the Lundazi exploration licence from Stalwart Investments. This move is a key part of GoviEx’s strategy to expand its footprint in Zambia’s uranium sector. The Lundazi licence spans 817.9 km², an area notable for the Karoo Supergroup formations, which are known to host significant sandstone-based uranium deposits. This geological setting makes the Lundazi region a promising site for uranium exploration. The geology in Lundazi closely mirrors that of GoviEx’s ongoing Muntanga project, also located in… Read More Here

Mining in Zambia Copper Mining Projects

Arc Minerals and Anglo American Forge Ahead with Promising Copper JV in Zambia

September 9, 2024September 9, 2024 Constance

Arc Minerals, a base metals exploration and development company, has confirmed that its copper joint venture (JV) with Anglo American in Zambia is on track. Despite Anglo’s recent rejection of an all-share takeover bid from BHP, the company remains focused on copper, a key element in its new strategic direction. “It’s all about copper, and that’s the number one priority for Anglo and other major companies exposed to base metals,” said Nick von Schirnding, Arc Minerals’ director and executive chairman, in a recent interview. He described the JV project in… Read More Here