New Mining Projects - Copperbelt Katanga Mining

FQM Invests in Prospect Resources to Advance Mumbezhi Copper Project in Zambia 1

Copper producer First Quantum Minerals (FQM) has announced a strategic investment of A$15.2 million in Australia-based battery and electrification metals developer Prospect Resources, acquiring a 15% pro-forma stake and the right to appoint a representative to Prospect’s board. Prospect’s primary focus is the advancement of the Mumbezhi copper project in north-western Zambia, located about 25 km southeast of FQM’s Trident project, which comprises the Sentinel and Enterprise mines in Kalumbila. The investment will help accelerate exploration at Mumbezhi, in line with Zambia’s ambition to reach three million tonnes of copper… Read More Here

Mining in DRC Exploration New Mining Projects

DRC Establishes Geological Research Zones to Boost Transparency and Revive Exploration

April 12, 2025April 12, 2025 Constance

The Democratic Republic of Congo (DRC) has adopted a long-awaited decree to establish and regulate Geological Research Zones (ZRG), marking a major step in reforming its mining sector. The decision was made during the 38th ordinary session of the Council of Ministers on Friday, April 4, 2025, where Minister of Mines Kizito Pakabomba presented the draft decree. The reform addresses years of regulatory ambiguity that hindered geological prospecting efforts across the country. “The Mining Code provides no clear framework for creating these zones,” the minister noted, emphasizing the negative impact… Read More Here

Mining in Zambia Copper New Mining Projects

Arc Minerals Acquires Chingola Copper Project in Zambia

April 12, 2025April 12, 2025 Constance

London-listed Arc Minerals has signed a binding agreement for its Zambian subsidiary, Foreland Minerals, to acquire the Chingola Copper Project in Zambia’s Copperbelt from Brxton Construction. “This acquisition marks another important step in Arc’s strategy to strengthen our footprint in the Zambian Copperbelt. We’ve pursued this highly competitive asset for the past 18 months,” said Arc Chairperson Nick von Schirnding. Located in the north-eastern Copperbelt, the 311 km² licence area sits near major operations such as Vedanta Resources’ Nchanga Mine and Moxico Resources’ Mimbula Mine. The region is noted for… Read More Here

International New Mining Projects Uranium

Pioneer Lithium Fast-Tracks Uranium Strategy with Advanced Warmbad Project in Namibia

April 12, 2025April 12, 2025 Constance

ASX-listed Pioneer Lithium has acquired and reviewed a substantial body of historical exploration data for the Warmbad uranium project in Namibia’s southern uranium corridor, significantly advancing its strategy in the nuclear energy space. The data, sourced from the Namibian Ministry of Mines and Energy, confirms widespread, thick zones of uranium mineralisation consistent with alaskite-hosted systems such as those found at the globally significant Rossing mine. Between 2007 and 2009, former operator Xemplar Energy drilled 161 reverse circulation holes and 11 diamond drill holes, totaling 31,685 metres. These campaigns outlined three… Read More Here

Mining in Zambia Copper Exploration New Mining Projects

Ivanhoe Mines Commences Giant Copper Exploration Program in Zambia

April 5, 2025April 5, 2025 Constance

Executive Co-Chair Robert Friedland and President & Chief Executive Officer Marna Cloete have announced that the company has been granted by the Government of the Republic of Zambia a vast, 7,757-square-kilometre package of new exploration licences in the highly-prospective North-Western Province of Zambia. Ivanhoe’s thesis behind the strategically selected licence package is to explore for an extension of the Central African Copperbelt. As announced on September 10, 2024, a memorandum of understanding (MOU) was signed between Ivanhoe Mines and the Republic of Zambia’s Ministry of Mines and Minerals Development (Ministry of… Read More Here

New Mining Projects Corporate News International

Saudi Arabia Grants Mining Exploration Leases to Vedanta, Zijin, and Hancock

March 22, 2025March 22, 2025 Constance

Saudi Arabia has awarded mining exploration leases to major global companies, including India’s Vedanta, China’s Zijin Mining Group, and a subsidiary of Australia’s Hancock Prospecting, as part of its strategy to expand and diversify its mining sector. The Ministry of Industry and Mineral Resources announced via X that the leases cover a total area of 4,788 km², including the Jabal Sayid region. This initiative aligns with Saudi Arabia’s Vision 2030, which aims to reduce oil dependency, develop a competitive domestic mining industry, and attract foreign investment. Zijin Mining, in partnership… Read More Here

Mining in Zambia Copper New Mining Projects

Prospect Resources Unveils Maiden Resource Estimate for Zambia’s Mumbezhi Copper Project

March 16, 2025March 16, 2025 Constance

ASX-listed Prospect Resources has announced a maiden mineral resource estimate (MRE) of 107 million tonnes at 0.5% copper, containing a total of 515,000 tonnes of copper at its Mumbezhi copper project in Zambia. The resources are distributed across the Nyungu Central and Kabikupa deposits. The MRE includes: Gold and cobalt resources at Mumbezhi have not yet been classified under the Joint Ore Reserves Committee (JORC) guidelines due to historical inconsistencies in cobalt assays and limited gold assay data. Additionally, comprehensive metallurgical testwork to assess potential recoveries of these byproducts has… Read More Here

Mining in Zambia Mergers & Acquisitions New Mining Projects Zinc

Shuka Minerals Nears Completion of Kabwe Zinc Mine Acquisition in Zambia

March 14, 2025March 14, 2025 Constance

AIM-listed Shuka Minerals has secured nearly all regulatory approvals for its acquisition of Leopard Exploration and Mining, which includes Zambia’s Kabwe zinc mine. Only one approval remains outstanding from Zambia’s Competition and Consumer Protection Commission, which Shuka expects to receive in the second quarter. In December, the company signed a conditional share purchase agreement to acquire 100% of Leopard’s share capital through a cash-and-share transaction. The acquisition was initially set to close by March 13, pending regulatory approvals and the successful completion of a debt or equity capital raise. However,… Read More Here

International Copper Exploration New Mining Projects

BHP to Invest A$40 Million in Botswana Copper Exploration with Cobre

March 13, 2025March 13, 2025 Constance

Mining giant BHP has committed up to A$40 million to explore potential Tier 1 copper-silver deposits in Botswana through a partnership with Australia-listed Cobre. Announced on Monday, the agreement provides funding to advance Cobre’s Kitlanya East and Kitlanya West copper projects, located along the northern and southern basin margins of the Kalahari Copper Belt. Under the earn-in agreement, BHP will invest up to $25 million (approximately A$40 million) in exploration expenditure to acquire a 75% stake in the Kitlanya projects. An initial $5 million will be invested within the first… Read More Here

International Exploration New Mining Projects

Botswana Diamonds Expands Exploration with 11 New Prospecting Licences

March 13, 2025March 13, 2025 Constance

AIM-listed Botswana Diamonds has applied for 11 prospecting licences in Botswana, targeting copper, silver, cobalt, gold, nickel, zinc, and platinum group metals. This move follows the company’s AI-driven exploration programme, which initially focused on diamonds but uncovered hidden polymetallic deposits across the country. The nationwide AI exploration initiative began with a focus on diamonds. However, during data analysis, it became evident that the technology could also identify undiscovered polymetallic targets. “Our analysis has revealed a series of promising targets in copper, cobalt, zinc, and gold,” said chairperson John Teeling. “We… Read More Here