Mining Projects - Copperbelt Katanga Mining

Shanta Gold Reports Encouraging Exploration Results at West Kenya Project

April 20, 2024April 20, 2024 Constance0 comment

Shanta Gold, a mining company, has unveiled promising findings from its latest exploration activities at the West Kenya project in Kenya. The company’s successful drilling efforts have led to the conversion of resources from the inferred to indicated category, indicating significant commercial potential. During the exploration period spanning from Q4 2023 to Q1 2024, Shanta Gold drilled a total of 2,911 meters across 24 holes at the Ramula deposit. This focused drilling campaign is expected to culminate in a mineral resource estimate by Q2 2024, demonstrating the project’s progress towards… Read More Here

International Copper Mining Projects

Rio Tinto Vows to Keep All Copper from Resolution Mine in the United States

April 17, 2024April 17, 2024 Constance0 comment

Rio Tinto, a leading mining company, is determined to ensure that all copper extracted from its Resolution mine remains within the United States if the project receives regulatory approval, a senior executive revealed on Tuesday. Situated in Arizona, the proposed mine has the potential to yield over 40 billion pounds (18.1 million metric tons) of copper throughout its lifespan, catering to more than a quarter of the country’s demand. However, it faces staunch opposition from some Native American groups due to concerns about potential damage to culturally significant sites. Bold… Read More Here

Mining in Zambia Copper Mining Projects New Mining Projects

President Hichilema’s Initiative Receives Praise for Luanshya Copper Mine Revival

April 16, 2024April 16, 2024 Constance0 comment

Stakeholders and the business community in the mining sector of the Copperbelt region have commended President Hakainde Hichilema and his government for their efforts in revitalizing Luanshya Copper Mine Shaft 28. Businessman Phesto Musonda highlighted the significance of Shaft 28 as a major source of high-grade copper concentrate and cobalt. He expressed optimism that its full operationalization would lead to the reopening of Chambeshi Metals, positively impacting the economy of Luanshya and the broader Copperbelt through job creation and opportunities for small businesses. The Mine Workers Union of Zambia President,… Read More Here

Mining in Zambia Copper Mining Projects

President Hichilema Launches Revitalization of Luanshya Copper Mines

April 14, 2024April 14, 2024 Constance0 comment

In a landmark event, President Hakainde Hichilema inaugurated the dewatering of Shaft 28 at Luanshya Copper Mines last week, marking a significant step towards revitalizing Zambia’s mining industry. The ambitious project, backed by a $500 million investment from China Non-Ferrous Metals Corporation (CNMC), promises to create over 3,000 jobs and inject new life into the region’s economy. The ceremony, attended by dignitaries and officials, symbolized a strong partnership between Zambia and China, underscoring their commitment to fostering economic growth and development. President Hichilema expressed gratitude to President Xi Jinping and… Read More Here

Mining in Zambia Copper Mining Projects

KoBold Metals Gets Greenlight for Konkola West Copper Project

April 12, 2024April 12, 2024 Constance0 comment

Mineral exploration startup KoBold Metals Company will commence drilling activities at the Konkola West Copper Project in Zambia this month. The company will assess deep copper mineralization within the main ore shale, which also hosts large-scale deposits and mining projects including the Konkola and Mingomba Mines. “The first drill site has been selected, the drill contract has been let, drill site preparation has been completed and equipment mobilisation is in progress,” stated Patrick Cheetham, Executive Chairman of Tertiary Minerals, a subsidiary of KoBold in Zambia. The announcement follows Kobold securing… Read More Here

Mining in Zambia Copper Mining Projects Press Release

BEMETALS REPORTS FURTHER POSITIVE COPPER INTERVALS FROM 2023

April 9, 2024April 9, 2024 Constance

BeMetals Corp. (TSXV: BMET, OTCQB: BMTLF, Frankfurt: 1OI.F) (the “Company” or “BeMetals”) is has announced the remaining drilling results from its 2023 exploration program at the Pangeni Copper Project in Zambia (the “Project” or the “Property”). A new phase of core drilling has recently commenced to identify additional zones of higher-grade copper and expand the footprint of the mineralization within the priority D-Prospect area. Highlights: .D14-C1: Returned multiple zones of copper mineralization from a shallow, approximately 70 metres, vertical depth .D14-C1: Interval 1: 69.41 metres grading 0.25 % copper (“Cu”),… Read More Here

International Gold Mining Projects

Infinity to Inject $1 Billion Investment into Egypt’s Gold Mining Sector

April 8, 2024April 8, 2024 Constance

Russian mining firm Infinity is set to inject up to $1 billion into Egypt’s gold mining industry, aiming to not only bolster its own business portfolio but also invigorate the country’s extractive sector. Infinity has announced its participation in a bidding round initiated by the Egyptian mining company Shalateen Mineral Resources. The objective is to explore and exploit gold and associated minerals in Egypt, with a focus on the resource-rich basins of Baramiya and Hamata. This substantial investment by Infinity is anticipated to create around 100,000 jobs. Additionally, it includes… Read More Here

Mining Projects New Mining Projects

Congo-Brazzaville: Kore Potash and Power China in talks for the construction of a potash mine

April 7, 2024April 7, 2024 Constance

Kore Potash is eyeing the signing of an engineering, procurement, and construction (EPC) contract for its Kola potash project in the Republic of Congo, targeted for the 2nd quarter of 2024. The UK-based mining company revealed this information in its financial results released at the end of March. Discussions are currently in progress with the Power China group, which submitted a proposal in February 2024. Under an agreement reached in June 2022, Power China is tasked with developing a 2.2 million tonne processing plant to operate the mine over a… Read More Here

Mining in Zambia Copper Mining Projects

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

April 7, 2024April 7, 2024 Constance

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