Mining Projects - Copperbelt Katanga Mining

Kibali Gold Mine Extends Production to 15+ Years with Growth and Investment

July 3, 2024July 3, 2024 Constance

KINSHASA, DEMOCRATIC REPUBLIC OF CONGO – Africa’s largest gold mine, Kibali, continues to deliver growth as its strong record of replenishing reserves and resources, and further investment in technology and capacity, position it to sustain its 750,000 ounces annual production past the current 10-year horizon to 15 years and beyond. Speaking to media and other stakeholders yesterday, Barrick president and chief executive Mark Bristow said Kibali was not only Africa’s largest gold mine but also its most automated and, thanks to its three hydropower stations, a leader in renewable energy. When its… Read More Here

Mining in Zambia Copper Economy Mining Projects

Vedanta Regains Control of Konkola Copper Mines in Zambia After Court Approval

June 30, 2024June 30, 2024 Constance

Vedanta Resources Ltd. can regain control of the Konkola Copper Mines (KCM) project in Zambia following a court-sanctioned plan to settle the mine’s debts. On Friday, a court in Lusaka approved a scheme of arrangement supported by KCM’s creditors, as announced by Zambia’s Mines Minister, Paul Kabuswe, on Facebook. Billionaire Anil Agarwal’s Vedanta has been striving to reclaim the significant copper asset since 2019. At that time, KCM was placed into provisional liquidation by the previous government, which accused the owner of misleading about expansion plans and underpaying taxes. To… Read More Here

International Energy Mining Projects Uranium

Bannerman Energy Raises A$85 Million to Advance Etango-8 Uranium Project

June 30, 2024June 30, 2024 Constance

Australia-listed uranium junior Bannerman Energy announced on Friday a placement to raise A$85 million for the continued development of its Etango-8 project in Namibia. The two-tranche placement consists of 25.8 million new fully paid ordinary shares issued to new and existing institutional and sophisticated investors at a price of A$3.30 each. Upon completion, Bannerman will have about A$100 million in cash reserves. “Proceeds from this placement will enable us to further progress our Etango-8 project, following positive outcomes from the recently announced front-end engineering design (FEED) and control budget estimates… Read More Here

Mining in Zambia Copper Mining Projects

Vedanta Resources Nears Reacquisition of KCM Amid Expected Surge in Demand

June 29, 2024June 29, 2024 Constance

Vedanta Resources Ltd. is on the verge of reclaiming control of the Konkola Copper Mine in Zambia and plans to rapidly increase output in anticipation of soaring demand in the coming years. Billionaire Anil Agarwal’s firm is prepared to pay $250 million to settle the mine’s debts, enabling access to the asset once more, according to Chris Griffith, head of Vedanta’s base metals unit, in a recent interview in London. Konkola Copper Mines was placed under provisional liquidation in 2019 after the previous government accused its owner of misrepresenting expansion… Read More Here

Mining in Zambia Copper Gold Mining Projects Press Release

BeMetals Announces $7M Private Placement Led by B2Gold

June 29, 2024June 29, 2024 Constance

Vancouver, British Columbia – BeMetals Corp. (TSXV: BMET, OTCQB: BMTLF, Frankfurt: 1OI.F) (the “Company” or “BeMetals”) has announced it intends to complete a non-brokered private placement offering of up to 70,000,000 units (the “Units”) at a price of $0.10 per Unit (the “Offering”) for aggregate gross proceeds of up to $7,000,000. Each Unit will consist of one common share in the capital of the Company (a “Share”) and one-half Share purchase warrant. Each whole Share purchase warrant (a “Warrant”) will entitle the holder thereof to purchase one additional Share at… Read More Here

Mining in Zambia Battery Metals Economy Mining Projects

ZAMZINC Achieves $10 Million Investment Milestone in Lusaka Manganese Plant

June 27, 2024June 27, 2024 Constance

ZAMZINC Industry Company Limited, registered with the Zambia Development Agency (ZDA) in 2021, has already realized over $10 million of its committed $50 million investment in a manganese processing plant in Lusaka. The plant, located in the Lusaka Multi-Facility Economic Zone (LS-MFEZ), currently produces 200 tonnes of manganese daily, with plans to increase production to 300 tonnes per day. During a visit by a ZDA team, ZAMZINC General Manager Mavis Chintu reported that production is progressing smoothly. The plant operates 24 hours a day in three shifts and employs 250… Read More Here

International Mining Projects Uranium

Gibb River Diamonds Acquires Uranium Projects in Namibia

June 25, 2024June 25, 2024 Constance

Australian company Gibb River Diamonds has acquired two uranium projects in Namibia, encompassing six exclusive prospecting licenses over an area of 1,828 km². Alongside its ongoing development of the Ellendale diamond project and Edjudina gold project in Australia, Gibb River Diamonds is expanding its portfolio with these strategic acquisitions in the Erongo and Kunene districts of Namibia. The Erongo district is a world-renowned uranium-producing region, hosting significant assets like Paladin’s Langer Heinrich, Deep Yellow’s Tumas deposit, and Elevate Uranium’s Koppies project. Gibb’s Erongo project currently includes two permit applications covering… Read More Here

Mining in Zambia Copper Drilling Gold Mining Projects

Galileo Resources to Launch Phase 3 Drilling at Zambia’s Shinganda Copper/Gold Project

June 25, 2024June 25, 2024 Constance

Aim-listed Galileo Resources has announced the commencement of a Phase 3 drilling program at its Shinganda copper/gold project in Zambia. This phase aims to validate the company’s belief that near-surface copper and gold mineralization occurs along the Shinganda fault splay over a strike length of more than 4 km, potentially leading to the development of a preliminary mineral resource. Phases 1 and 2 of the drilling program confirmed the presence of copper and gold mineralization associated with major regional and localized structures. Mineralization has been identified in vein and alteration… Read More Here

Mining in DRC Governance Mining Projects

CNPAV Urges New Govt to End Sino-Congolese Convention and Apply Mining Code to Sicomines Project

June 16, 2024June 16, 2024 Constance

Congo Is Not for Sale (CNPAV) is calling on Prime Minister Judith Suminwa’s new government to terminate the Sino-Congolese Convention and enforce the Mining Code on the Sicomines project. The CNPAV highlights ongoing uncertainties in infrastructure financing and criticizes the structural imbalances sustained after the renegotiation of the Chinese contract. The CNPAV welcomes the timely publication of Amendment 5, signed on March 14, 2024, between the Congolese government and the consortium of Chinese companies after over a year of negotiations. However, the organization is concerned about the amendment’s clauses, which… Read More Here

Mining in DRC Copper Mining Projects

Ivanhoe Mines Achieves Early Production of Kamoa-Kakula Phase 3 Concentrate

June 15, 2024June 15, 2024 Constance

Ivanhoe Mines’ Executive Co-Chair Robert Friedland announced on 11th June, ahead of his appearance at the 2024 Evercore Global Clean Energy & Transition Technologies Summit at the Mandarin Oriental Hotel in New York, that on June 10, 2024, first concentrate production by Kamoa-Kakula’s Phase 3 concentrator in the Democratic Republic of the Congo (DRC) was celebrated by the mine-site management and employees. First copper concentrate was achieved approximately two weeks after the first feed of ore into the concentrator, as announced on May 28, 2024. The Phase 3 concentrator expansion was… Read More Here