New Mining Projects - Copperbelt Katanga Mining

Loncor Confirms High-Grade Gold Deposits at Adumbi Gold Mine in DRC

February 28, 2025February 28, 2025 Constance0 comment

Canadian exploration company Loncor has revealed the results of its deep drilling program at the Adumbi Gold Mine in the Democratic Republic of Congo, confirming high-grade gold deposits at various depths. The company reported intersections of deposits with grades of 26.94 grams per ton (g/t) at 0.45 meters, 5.82 g/t at 16.07 meters, and 4.77 g/t at 22.64 meters. John Barker, CEO of Loncor, explained that hole LADD027, located in the northwest of the Adumbi deposit, intersected the mineralization at a vertical depth of 478 meters below the surface, which… Read More Here

Mining in Zambia Copper New Mining Projects

Ecora Seals $50M Copper Stream Deal for Zambia’s Mimbula Mine

February 28, 2025February 28, 2025 Constance0 comment

Critical minerals-focused royalty company Ecora has finalized a $50-million copper stream agreement with Moxico Resources for its Mimbula Mine in Zambia. The deal covers Mimbula’s existing reserve-based life-of-mine (LoM) of 11 years and will support its ongoing expansion. Mimbula’s Phase 1 began producing copper in late 2022 and achieved 14,000 tonnes in 2024. Production is expected to ramp up to a steady 56,000 tonnes per year of copper cathode by mid-2026, following the completion of a Phase 2 brownfield expansion. London-listed Ecora stated that proceeds from the transaction will strengthen… Read More Here

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Midnight Sun Announces Significant New Targets at Kazhiba

February 27, 2025February 27, 2025 Constance0 comment

Midnight Sun Mining Corp. (TSXV: MMA / OTC: MDNGF) (“Midnight Sun” or the “Company”) has announced the successful results from its 2024 geochemical and geophysical exploration programs, which have uncovered significant new sulphide and oxide copper targets at the Kazhiba property. Exploration drilling is scheduled to begin in early Q2, with the aim of testing these newly identified targets. The Partial Ionic Leach geochemistry results have revealed a strong copper anomaly stretching over four kilometres, which aligns with high chargeability and low resistivity zones identified in the induced polarization (IP)… Read More Here

Mining in DRC New Mining Projects

Ivanhoe Mines Announces Makoko Discovery Extended to over 13 Kilometres of Strike Length

February 26, 2025February 26, 2025 Constance0 comment

Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Executive Co-Chairman Robert Friedland and President Marna Cloete announced at the 34th annual Global Metals, Mining & Critical Minerals Conference in Hollywood, Florida, an update on the expansive 2024 drill campaign, as well as the 2025 exploration budget on the company’s 60%- to 100%-owned Western Forelands Exploration Project in the Democratic Republic of the Congo (DRC). Western Forelands’ 2024 drilling program was Ivanhoe’s largest to date, with over 80,000 metres of diamond drilling completed. Drilling was predominantly focused on a potential western extension along strike… Read More Here

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DRC Leads Africa in Mineral Exploration with $130.7 Million Attracted in 2024

February 25, 2025February 25, 2025 admin0 comment

Mining companies invested $130.7 million in exploration in the Democratic Republic of Congo (DRC) in 2024, according to a report by S&P Global Market Intelligence published on February 21, 2025. This amount represents 10% of the $1.3 billion invested in Africa that year, making the DRC the continent’s leader. These investments are unevenly distributed, with copper dominating, absorbing $71.5 million. Thanks to this performance, the DRC ranked 9th globally, slightly ahead of its African competitor, Zambia, the continent’s second-largest copper producer, which attracted $65.5 million in 2024. In the cobalt… Read More Here

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Ivanhoe Mines and Kamoa Copper Announces Key Appointments

February 24, 2025February 24, 2025 admin0 comment

Ivanhoe Mines Executive Co-Chair Robert Friedland announced today at the BMO Global Metals, Mining & Critical Minerals Conference key appointments to strengthen the Executive Leadership Teams of Ivanhoe Mines and the Kamoa-Kakula Copper Complex in the Democratic Republic of the Congo (DRC). Marna Cloete, currently President of Ivanhoe Mines, has been appointed as President & Chief Executive Officer, reflecting nearly two decades of experience in building the Company to become a major, diversified metals producer. At the Kamoa Copper Joint Venture, Annebel Oosthuizen has been appointed as Managing Director, replacing… Read More Here

Mining in Zambia Copper New Mining Projects

Tertiary Minerals Advances Deep Drilling at Konkola West Copper Project

February 23, 2025February 23, 2025 Constance0 comment

Aim-listed Tertiary Minerals has reported significant progress in drilling at its Konkola West copper project in Zambia, with hole KWDD001 now exceeding 2,600 meters in depth. The drill is currently advancing through the Kitwe Formation, which forms the upper part of the Lower Roan Subgroup, a key copper-bearing geological unit in the Zambian Copperbelt. The drill hole is currently in the Shale with Grit unit of the Kitwe Formation, which typically lies 25 m to 225 m above the Ore Shale, the primary copper-hosting layer in the Konkola area. The… Read More Here

Mining in Zambia New Mining Projects Uranium

GoviEx Advances Muntanga Uranium Project Financing in Zambia

February 22, 2025February 22, 2025 Constance0 comment

TSX-listed GoviEx Uranium has appointed Endeavour Financial as its financial adviser, marking the first step in securing project financing for its Muntanga uranium project in Zambia. Muntanga is a near-term uranium project with well-established export routes to both Western and Eastern markets. It has a net present value (NPV) of $243 million, an internal rate of return (IRR) of 20.8%, and a rapid payback period of 3.8 years. The project is highly leveraged to uranium prices, with its NPV increasing by $45 million for every $5/lb rise in triuranium octoxide… Read More Here

Mining in Zambia Copper New Mining Projects

Barrick Files Technical Reports for Lumwana Expansion and Reko Diq Projects

February 21, 2025February 21, 2025 Constance0 comment

Barrick Gold Corp has filed technical reports for its Reko Diq and Lumwana Expansion projects in Pakistan and Zambia, respectively, outlining significant development and production growth plans. Barrick, which owns a 50% stake in Reko Diq and operates it through the Reko Diq Mining Company (RDMC), has completed a feasibility study detailing a phased development approach: The project includes two open-pit mines—Western Porphyries (main pit) and Tanjeel (satellite pit)—along with a processing plant and associated infrastructure. It will produce copper concentrate containing gold, which will be processed by third-party smelters.… Read More Here

Mining in Zambia Copper New Mining Projects

Jubilee Metals Ramps Up High-Grade Copper Processing at Roan Facility

February 19, 2025February 19, 2025 Constance0 comment

Jubilee Metals Group (LON: JLP) has begun processing high-grade copper feed material at its Roan concentrator in Zambia, marking a key milestone in its operational strategy. The facility had previously relied on low-grade waste material for copper production. This development follows Jubilee’s recent agreement to secure an initial 200,000 tonnes of material with a copper content of approximately 1.6%—more than double the 0.7% grade of previously processed material at Roan. Payment for this high-grade material will be made through Jubilee’s Zambian operations, along with the issuance of $2.7 million worth… Read More Here