Mining Projects - Copperbelt Katanga Mining

Ming’omba Mine Launches Scholarships to Foster AI Talent in Zambia

September 8, 2024September 8, 2024 Constance

The newly inaugurated Ming’omba Mine in Chililabombwe, owned by KoBold Metals, is offering ten scholarships in data science and exploration geography for Zambian students. In collaboration with Stanford University, Copperbelt University, and the University of Zambia (UNZA), KoBold Metals has developed this new program as part of its initiative to integrate artificial intelligence into mineral exploration. KoBold Metals aims to combine advanced exploration technologies with Zambian expertise to discover world-class mineral deposits. The Ming’omba site has already revealed substantial copper reserves, touted as the largest copper find in Zambia in… Read More Here

International Copper Mining Projects

FQM to invest $3.5 billion in Taca Taca copper project in Argentina

September 8, 2024September 8, 2024 Constance

First Quantum Minerals has met with Argentina’s government authorities about the start of construction of the $3.5 billion Taca Taca copper project, Rumbo Minero International reported. According to the news outlet, representatives of the Canadian miner met with Argentine officials and announced that they will begin construction of the project, located 230 km west of the city of Salta. The announcement was made during Argentina Mining 2024, an international mining sector event held in the province of Salta. Taca Taca is a copper-gold-molybdenum porphyry deposit with significant potential and is… Read More Here

Mining in Zambia Exploration Mining Projects

Midnight Sun Shares Drop After Zambia Rejects Kazhiba License Renewal

August 31, 2024August 31, 2024 Constance

Midnight Sun Mining Corp. (TSXV: MMA) saw its shares drop sharply late Thursday following the Zambian government’s rejection of its application to renew the exploration license for the Kazhiba target, part of its flagship Solwezi project. Kazhiba is one of three key targets within Midnight Sun’s 506 km² property in Zambia, which has already yielded significant copper discoveries. The area is underlain by a previously undiscovered basement dome similar to those found at First Quantum’s Kansanshi mine, a major copper producer in the region. These basement domes are believed to… Read More Here

International Gold Mining Projects

Mwamba Mining Partners with Barrick Gold to Explore Tanzania’s Nzega Greenstone Belt

August 26, 2024August 26, 2024 Constance

Mwamba Mining (“Mwamba”), dedicated to advancing inclusive and sustainable gold mining in Tanzania, has partnered with Barrick Gold Corporation (“Barrick”) through its Twiga partnership with the Tanzanian Government. This collaboration will focus on exploring Mwamba’s 1,325 km² land position in the Nzega district, an area noted for its significant greenstone belts, which are known to host world-class gold deposits. Under an earn-in agreement, Barrick may invest up to $16.5 million in prospecting and exploration to acquire up to 80% joint venture interest in the Property. Founded in 2018 by Tanzanian… Read More Here

Mining in DRC Diamond Mining Projects

DRC Reveals $70 Million Plan to Revitalize MIBA and Increase Diamond Production

August 26, 2024August 26, 2024 Constance

Last Friday in Kinshasa, Kizito Pakabomba, the National Minister of Mines, presented a $70 million plan to relaunch the Bakwanga Mining Company (MIBA) during the tenth Council of Ministers. The plan, which focuses on five key areas—certification of mining reserves, concession security, production-related investments, personnel costs, and monitoring-evaluation—aims to increase MIBA’s production capacity from 2026. The company, based in the Kasai region, is targeting an annual output of 2,438,484 carats, valued at $58.95 million in revenue from diamond extraction and marketing. To support this ambitious goal, the National Minister of… Read More Here

Mining in Zambia Copper Economy Mining Projects

President Hichilema Urges Vedanta to Strengthen Community Relations as KCM Operations Resume

August 21, 2024August 21, 2024 Constance

President Hakainde Hichilema has called on Vedanta Resources Limited, the owner of Konkola Copper Mines (KCM), to improve its engagement with local communities as it resumes operations. He emphasized that the government has already discussed with the company to prevent the issues that led to the mine’s previous liquidation, stressing the need for a renewed commitment to responsible practices. The President also highlighted the importance of mining companies fulfilling their obligations to traditional leaders, including the sponsorship of cultural ceremonies. He made these remarks during a meeting with traditional leaders… Read More Here

International Drilling Gold Mining Projects

Ivanhoe Electric Begins Drill Testing at Saudi Gold-Copper-Zinc Mine

August 20, 2024August 20, 2024 Constance

Ivanhoe Electric (NYSE American: IE) (TSX: IE) said on Monday its joint venture in Saudi Arabia has started drill testing the first of two chargeability anomalies identified near the Al Amar gold-copper-zinc mine, which is owned by Ma’aden, the state-owned mining company and Ivanhoe’s 50/50 partner. In November 2023, the JV kicked off its exploration campaign on 48,500 km2 of land on the Arabian Shield, initially targeting the areas surrounding Al Amar that are considered highly prospective for volcanic massive sulphide (VMS) and epithermal deposit types. The resulting geophysical survey,… Read More Here

Copper Mining in Zambia Mining Projects

Mopani Copper Mines Expands Operations with New Shafts to Boost Production

August 11, 2024August 11, 2024 Constance

Mopani Copper Mines is sinking three new shafts at its Kitwe and Mufulira sites, aiming to increase annual copper production to 225,000 tonnes upon completion. Speaking at the 96th Agricultural and Commercial Show, Mopani’s Public Relations Officer, Lillian Musenge, highlighted that one of the key challenges for the mine is its aging infrastructure. “Creating a Competitive Future” is this year’s theme for the Agricultural and Commercial Show. To achieve this, we must develop strategies and innovations to address current and anticipated challenges while seizing opportunities. For Mopani, old infrastructure is… Read More Here

Mining in Zambia Copper Mining Projects

Zambia to Fully Map Mineral Resources to Combat Illegal Mining

August 10, 2024August 11, 2024 Constance

Zambia’s Minister of Mines and Minerals Development, Hon. Paul C. Kabuswe, MP, has stressed the importance of continued support and collaboration in the mining sector. During a speech in Lusaka on August 9th, Minister Kabuswe highlighted the Government’s commitment, alongside key stakeholders, to fully map Zambia’s geological landscape. This initiative is crucial for combating illegal mining and uncovering untapped mineral resources. Currently, only 49 percent of the country is mapped, a situation the Minister noted has worsened illegal mining activities. Once the full mapping is completed, the Government will have… Read More Here

Mining in DRC Drilling Mining Projects

Rome Resources Begins Drilling at Kalayi Prospect in DRC

August 9, 2024August 9, 2024 Constance

Aim-listed Rome Resources has commenced drilling at its Kalayi prospect in North Kivu province, Democratic Republic of Congo (DRC). Kalayi, along with the Mont Agoma and Mont Agoma Northwest prospects, forms part of the Bisie North projects. Local contractor Mole Drilling Congo has completed site setup and staff orientation and has initiated drilling at Kalayi’s first diamond core drill hole. Two more diamond core drill rigs are scheduled to be deployed to additional sites, one at Kalayi and another at Mont Agoma, with drilling expected to begin within the next… Read More Here