New Mining Projects - Copperbelt Katanga Mining

Patriot Resources Acquires High-Grade Sugarloaf Copper Deposit in Zambia

May 25, 2025May 25, 2025 Constance

ASX-listed Patriot Resources has announced the acquisition of the high-grade Sugarloaf copper deposit, located in the Mumbwa district of Zambia. The deposit, based on historical drilling data, has an exploration target of between 1.6 million and 2.5 million tonnes at grades ranging from 2.0% to 2.5% total copper, representing an estimated 32,000 to 62,500 tonnes of contained copper. Sugarloaf lies just 4.4 km southeast of Sinomine’s Kitumba copper deposit and its under-construction smelter, which Patriot plans to use for ore processing. “Upon completion of this acquisition, Patriot will hold a… Read More Here

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Rio Tinto Secures Majority Stake in Chile’s Altoandinos Lithium Project

May 25, 2025May 25, 2025 Constance

SANTIAGO – Chile’s state-owned National Mining Company (ENAMI) has selected global mining giant Rio Tinto to take a 51% stake in the Altoandinos lithium project, marking the company’s second major lithium venture in Chile. Rio Tinto will initially invest $425 million to fund pre-feasibility studies, including the deployment of its pilot plant at the Rincon project in Argentina and the use of its proprietary direct lithium extraction (DLE) technology. The partnership was announced on Thursday, following a competitive bidding process in which Rio outpaced contenders such as France’s Eramet, China’s… Read More Here

Mining in Zambia Copper Corporate News Gold New Mining Projects

Kansanshi Mine Expansion Nears Completion with Copper Output Set to Rise

May 25, 2025May 25, 2025 Constance

The expansion of the Kansanshi copper and gold mine near Solwezi in Zambia’s North-Western Province is now 80% complete, according to the mine’s Assistant General Manager, Axel Kotten. The upgrade, known as the S3 Expansion Project, aims to significantly increase the mine’s output, reinforcing Zambia’s role as a global copper powerhouse. Minister of Mines and Mineral Development, Hon. Paul Kabuswe, recently visited the site to assess progress and reaffirm the government’s commitment to supporting the mining sector’s growth. Once complete, the expansion is expected to greatly enhance copper production and… Read More Here

Mining in DRC Copper Corporate News New Mining Projects

Ivanhoe Mines Reports Temporary Interruption of Underground Mining at Kakula Mine

May 21, 2025May 21, 2025 Constance

Ivanhoe Mines reported yesterday that mining operations are temporarily suspended at the Kakula underground mine at the Kamoa-Kakula Copper Complex, in the Democratic Republic of the Congo. Over the past week, seismic activity was experienced in the eastern section of the Kakula mine, leading to Kamoa Copper’s management team suspending underground operations on Sunday, May 18, 2025. All employees were safely brought above ground in line with protocols, and mobile equipment was removed from the mine workings. No injuries were reported. Senior management and geotechnical specialists have been mobilized to… Read More Here

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Ivanhoe Doubles Copper Resource at Makoko District in DRC’s Western Forelands

May 15, 2025May 15, 2025 Constance

Ivanhoe Mines has announced an updated and independently verified Mineral Resource estimate for the Makoko District within its Western Forelands Exploration Project in the Democratic Republic of the Congo (DRC). The Western Forelands Exploration Project spans 2,393 square kilometres adjacent to the Kamoa-Kakula Copper Complex—an area roughly six times larger than the Kamoa-Kakula footprint. Ivanhoe holds ownership stakes ranging from 54% to 100% in this project. Since the initial Mineral Resource estimate for Makoko and Kiala in November 2023, over 86,000 metres of diamond drilling have been completed, bringing the… Read More Here

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DRC Launches First-Ever Manganese Mining Project in Kongo-Central Province

May 11, 2025May 11, 2025 Constance

For the first time in the history of the Democratic Republic of Congo’s mining sector, manganese will soon be commercially exploited in Kongo-Central province—an area traditionally known for its oil reserves. The announcement was made during the 43rd Council of Ministers meeting on Friday, May 9, 2025, through a briefing by Minister of Mines, Kizito Pakapomba. The project will be carried out in Luozi territory by Asia Mineral Limited, a Japanese company ranked among the world’s top manganese exporters. The firm is recognized for its expertise in the extraction, processing,… Read More Here

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Barrick’s $10-Billion Reko Diq Project Gathers Momentum Ahead of 2028 Production Target

May 9, 2025May 9, 2025 Constance

Barrick Mining CEO Mark Bristow says momentum is building at the company’s Reko Diq copper-gold project in Pakistan, with construction progressing steadily, exploration yielding promising results, and production slated to begin by the end of 2028. “This is a world-class copper-gold project that will generate immense value—not just for Barrick, but also for our partners in Pakistan, especially in Balochistan,” Bristow said on Wednesday. “It’s one of the largest undeveloped porphyry copper-gold systems globally, and its potential is not yet reflected in our share price.” The project will be developed… Read More Here

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Ivanhoe Reaches Flatreef’s Rich Multimetal Orebody After 30-Year Quest

May 9, 2025May 9, 2025 Constance

Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Executive Co-Chairman Robert Friedland and President and Chief Executive Officer Marna Cloete announced that mining crews have driven underground development into the high-grade platinum, palladium, rhodium, nickel, gold, and copper orebody for the first time, as the mine rapidly advances to commercial production later this year. The significant milestone comes over 30 years since Ivanplats, the company’s subsidiary, acquired the first exploration licence and 15 years since the discovery of the 26-metre thick, flat-lying Flatreef orebody was announced. Today’s milestone also comes nine years… Read More Here

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Metso Wins Order for Energy-Efficient Equipment at Nyanzaga Gold Project in Tanzania

May 9, 2025May 9, 2025 Constance

Perseus Mining Limited’s 80% owned subsidiary Sotta Mining Corporation Ltd. has awarded Metso an order for a SuperiorTM MKIII 4265 primary gyratory and two Metso Plus PremierTM grinding mills with a total installed power of 21MW. The equipment will be installed at Sotta Mining’s Nyanzaga gold project in northwest Tanzania. The order value exceeds EUR 20 million and it has been booked in the Minerals segment’s 2025 first-quarter orders received. Matt Cavedon, General Manager, Project Development at Perseus, noted: “Perseus is looking forward to the successful deployment of Metso’s state-of-the-art… Read More Here

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KoBold Seeks Lithium Stake in DRC’s Manono Amid Legal Dispute and Geopolitical Shifts

May 9, 2025May 9, 2025 Constance

KoBold Metals, a U.S.-based mining company backed by prominent investors including Bill Gates and Jeff Bezos, is intensifying efforts to secure rights to the Manono lithium deposit in the Democratic Republic of Congo (DRC)—a site widely regarded as a potential world-class lithium mine. A January 2024 estimate suggests Manono holds 669 million tonnes of resources with an average grade of 1.61% lithium. On May 6, 2025, KoBold and Australia’s AVZ Minerals issued a joint statement titled Developing Manono for Peace and Prosperity, signed by their CEOs, Kurt House and Nigel… Read More Here