New Mining Projects - Copperbelt Katanga Mining

Barrick Files Technical Reports for Lumwana Expansion and Reko Diq Projects 1

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 Constance

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

Mining in Zambia Corporate News Mergers & Acquisitions New Mining Projects Zinc

Shuka Minerals Advances Kabwe Zinc Mine Acquisition and Redevelopment

February 17, 2025February 17, 2025 Constance

AIM-listed Shuka Minerals is making significant progress toward acquiring and redeveloping the Kabwe zinc mine in Zambia, with a newly appointed board overseeing the process. In a corporate and operational update on February 14, CEO Richard Lloyd reaffirmed the company’s commitment to unlocking Kabwe’s full potential. He noted strong support from potential funders, with various financing options under consideration. However, he emphasized the need for well-structured budgeting and timelines to ensure the project’s success. Shuka’s planned acquisition of Zambian mining and exploration company Leopard Exploration and Mining (LEM) follows a… Read More Here

Press Release Corporate News Exploration International New Mining Projects

Ivanhoe Mines Commences Exploration for Sediment-hosted Copper in Central Kazakhstan

February 16, 2025February 16, 2025 Constance

Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Executive Co-Chairman Robert Friedland and President Marna Cloete announced yesterday that an Exploration Joint Venture has been formed to explore the Chu-Sarysu Copper Basin in Kazakhstan, the world’s third-largest sediment-hosted copper district. The Joint Venture, with UK-based private company Pallas Resources, covers a highly prospective licence package of up to 16,000 km2, which spans an accumulated dataset of Soviet-era exploration data. For comparison, the licence package is approximately 7.5 times the size of Ivanhoe’s Western Forelands Exploration Project. Ivanhoe has committed to fund $18.7… Read More Here

Mining in Zambia Copper Corporate News New Mining Projects

FQM’s Kansanshi S3 Expansion to Strengthen Growth and Financial Resilience

February 16, 2025February 16, 2025 Constance

First Quantum Minerals’ Kansanshi S3 Expansion project in Zambia marks a pivotal moment for the Canadian mining company, enhancing its financial resilience and driving future growth, CEO Tristan Pascall has stated. Reporting on the company’s fourth-quarter results, Pascall confirmed that the expansion remains on track for completion by mid-2025, with significant progress in construction and commissioning. By the end of 2024, construction of the process plant had reached 62% completion, with early commissioning already underway. System configuration for the plant’s control system was 80% complete, focusing on cleaner and reagent… Read More Here

International Copper Corporate News New Mining Projects

Ivanhoe Electric Plans $60 Million Public Offering for Arizona Copper Project

February 14, 2025February 14, 2025 Constance

Ivanhoe Electric (NYSE American: IE) (TSX: IE) is set to raise $60 million through a public offering of units priced at $5.85 each. The funds will be allocated toward advancing the company’s Santa Cruz copper project in Casa Grande, Arizona. The offering will issue approximately 10.25 million units, each consisting of one common share and one warrant with an exercise price of $7.00 per share. On Wednesday, the stock traded at $6.09 in New York, reflecting a 3% intraday gain and a market capitalization of $733.6 million. Initially targeting $50… Read More Here

New Mining Projects Copper Gold News in Brief

African Pioneer Secures £420,000 to Advance Namibia Copper-Gold Project

February 10, 2025February 10, 2025 Constance

London-listed African Pioneer has raised £420,000 from existing and new shareholders to advance its Ongombo copper-gold project in Namibia and support activities in Zambia and Botswana. The funds will be used to analyze gold distribution and its association with copper and magnetite quartzite, assess orebody-wide gold distribution, and plan drillholes in underexplored areas. Additionally, external mining and resource consultants will refine resource estimates for open-pit mineralization and provide recommendations for infill drilling to enhance the overall resource base. The capital will also support discussions with a preferred mining contractor for… Read More Here

Corporate News Gold New Mining Projects

Barrick Gold’s Reserves Surge as Reko Diq and Lumwana Expansion Drive Growth

February 10, 2025February 10, 2025 Constance

Barrick Gold (TSX: ABX, NYSE: GOLD) reported a 23% increase in global gold reserves in 2024, following a reassessment of Pakistan’s massive Reko Diq copper-gold project. The company’s attributable proven and probable gold reserves rose by 17.4 million ounces before depletion, reaching 89 million ounces at a grade of 0.99 grams per tonne, up from 77 million ounces at 1.65 grams per tonne in the previous year. Despite rising gold prices, Barrick’s stock has underperformed due to operational and regulatory challenges in countries like Mali, Papua New Guinea, and the… Read More Here

Mining in Zambia Copper Corporate News New Mining Projects

Jubilee Metals Boosts Copper Production in Zambia with High-Grade Feed at Roan

February 10, 2025February 10, 2025 Constance

London- and Johannesburg-listed Jubilee Metals has restarted its Roan operations in Zambia following stable power restoration. The company is also accelerating copper production by prioritizing the processing of newly secured high-grade copper feed. In response to power outages that disrupted operations in December and January, Jubilee implemented a new power agreement on January 20. With production stability restored, the company has shifted its focus to maximizing output and operational efficiency. Jubilee is prioritizing high-grade copper feed while reviewing options to trade surplus lower-grade stock that does not align with short-… Read More Here

International Gold New Mining Projects

Barrick Gold’s Reserves Surge 23%, Boosted by Reko Diq Project

February 9, 2025February 9, 2025 Constance

Barrick Gold Corporation’s proven and probable gold reserves increased by 23% to 17.4 million ounces by the end of 2024, driven by the addition of its Reko Diq copper-gold project, the company announced on Thursday. Following the completion of its feasibility study at Reko Diq, Barrick added 13 million ounces of gold to its probable reserves on an attributable basis. The company holds a 50% stake in the project, while the governments of Pakistan and Balochistan own the remaining share. Barrick considers Reko Diq one of the world’s largest undeveloped… Read More Here