New Mining Projects - Copperbelt Katanga Mining

Perseus Commits $523 Million to Tanzania’s Largest Gold Project in Over a Decade

May 4, 2025May 4, 2025 Constance

Australian gold producer Perseus Mining has approved a final investment of $523 million to develop the Nyanzaga Gold Project in Tanzania, marking the country’s most significant gold mine development in more than 17 years. The project will be fully financed from Perseus’ existing cash and gold reserves, which currently total $801 million. The investment will support the construction of a processing plant, related infrastructure, and the overall development of the mine. First gold production is expected in the first quarter of 2027. So far, Perseus has invested $27.5 million to… Read More Here

Mining in DRC Mining Personality New Mining Projects

KoBold Metals Expands Presence in DRC with New Leadership Appointment

May 3, 2025May 3, 2025 Constance

US-based KoBold Metals, a mineral exploration company backed by high-profile investors including Bill Gates and Jeff Bezos, has announced further expansion into the Democratic Republic of the Congo (DRC) with the appointment of Benjamin Katabuka as Director-General for its DRC operations. KoBold is best known for its data-driven exploration approach, using artificial intelligence to pinpoint untapped mineral resources. The company has already drawn attention with a bid for the Manono project—one of Africa’s largest known lithium deposits, which also contains significant tin reserves. Katabuka stated that KoBold plans to apply… Read More Here

Copper Corporate News Drilling New Mining Projects

Xtract Doubles Strike Length at Zambia’s Silverking Project with Promising High-Grade Results

May 3, 2025May 3, 2025 Constance

Xtract Resources, an Aim-listed company, has announced that recent assay results from its ongoing drilling campaign at the Silverking copper project in Zambia have doubled the strike length of high-grade mineralisation to over 160 metres. The company, which is working to earn up to a 70% stake in the project from Oval Mining, released results from a second batch of diamond drill holes. These results confirmed consistent high-grade copper and silver mineralisation across significant widths. In addition, Xtract noted that its metallurgical testwork now includes efforts to upgrade and pre-concentrate… Read More Here

Gold International New Mining Projects

Burkina Faso Grants Nordgold Mining License to Boost Gold Production

April 28, 2025April 28, 2025 Constance

Burkina Faso’s military-led government has awarded an industrial mining license to Russian miner Nordgold for the development of the Niou gold project, as part of efforts to capitalize on record-high gold prices and strengthen the nation’s economy amid ongoing security challenges. The move reflects deepening economic ties between Burkina Faso and Russia, as the junta that seized power in 2022 continues to shift away from traditional Western allies toward Moscow. The Niou gold deposit, located in Kourweogo province within the Plateau-Central region, spans 52.8 square kilometers (20.4 square miles). It… Read More Here

Mining in DRC Corporate News Drilling New Mining Projects

Rome Resources to Resume Drilling at Bisie North as Security Improves in Eastern DRC

April 27, 2025April 27, 2025 Constance

On April 24, 2025, Rome Resources announced plans to resume drilling at its Bisie North tin project in eastern Democratic Republic of Congo (DRC), after suspending operations on March 14 due to security concerns. The company aimed to restart drilling within 10 days, targeting high-grade tin deposits at greater depths. This phase was budgeted at $1.6 million, funded from Rome’s $2.7 million in cash reserves. The decision followed the withdrawal of the M23 rebel group from the region and Alphamin Resources’ April 9 announcement of a gradual restart of production… Read More Here

International Battery Metals New Mining Projects

Trump Administration Fast-Tracks 10 Strategic Mining Projects to Boost U.S. Critical Mineral Supply

April 25, 2025April 25, 2025 Constance

The Trump administration has fast-tracked ten mining projects across the United States in a major push to increase domestic production of critical minerals and reduce dependence on foreign supply chains. The selected projects—covering copper, lithium, gold, potash, coal, bromine, and phosphate—involve major industry players such as Rio Tinto, Hecla Mining, Albemarle, Warrior Met Coal, and Perpetua Resources. These initiatives form the first wave under President Trump’s executive order aimed at strengthening American mineral independence. Projects approved for expedited federal permitting include: Rio Tinto’s Resolution Copper project in Arizona Perpetua Resources’… Read More Here

Mining in Zambia Copper Diamond Drilling New Mining Projects

Tertiary Minerals Completes Initial Drilling at Mukai Copper Project in Zambia

April 20, 2025April 20, 2025 Constance

AIM-listed Tertiary Minerals has completed an initial scout drilling program at its Mukai copper project in Zambia, marking a significant step forward in early-stage exploration efforts. The program included three diamond drill holes totaling approximately 554 metres. The company reported that drilling intersected near-surface anomalous copper mineralisation, as well as thick intervals of anomalous nickel mineralisation. Two of the drill holes targeted a broad copper-in-soil anomaly, while the third focused on understanding the geology of the Tirosa Basin. Large parts of the copper and nickel soil anomalies, as well as… Read More Here

Copper Mining in Zambia New Mining Projects

LONG-AWAITED KASHIME COPPER MINE IN MKUSHI GETS GREEN LIGHT FOR DEVELOPMENT

April 17, 2025April 17, 2025 Constance

MKUSHI, ZAMBIA – After more than 15 years of anticipation, the Kashime Copper Mine project, located in the Upper Lusemfwa area of Mkushi District, has officially received authorisation to commence mining operations. The milestone marks a significant step forward for Zambia’s mining sector. The project is primarily being developed by Zambian-owned Mimosa Resources, while FQM has committed to finance and conduct further exploration within the licence area. In September 2024, Mimosa Resources announced that it had attracted an initial US$3 million investment from Australian Stock Exchange-listed Zeta Resources to fund… Read More Here

Mining in Zambia Copper New Mining Projects

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

April 17, 2025April 17, 2025 Constance

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