New Mining Projects - Copperbelt Katanga Mining

Gold Mining in Zambia New Mining Projects

President Hichilema Commissions Kasenseli Mine

November 20, 2024November 20, 2024 Constance

The commissioning of Kasenseli Mine marks a historic achievement as Zambia’s first government-led gold project, implemented through the Zambia Gold Company in partnership with the Chibwika Chiefdom Development Trust in Mwinilunga. This initiative underscores the government’s dedication to fostering local community involvement and increasing Zambian participation in the mining sector. During the exploration phase, the project has already created approximately 215 jobs, with employment expected to expand to 800 positions in the second phase. An initial investment of K300 million is projected to yield annual production levels of 100 kilograms… Read More Here

Mining in Zambia New Mining Projects

President Hichilema Reopens Zambia’s Kalengwa Mine After 46 Years

November 20, 2024November 20, 2024 Constance

President Hakainde Hichilema has officially reopened the Kalengwa Mine in Mufumbwe, North-Western Province, marking the end of its 46-year closure. Speaking at the reopening ceremony, President Hichilema criticized previous administrations for failing to revive the mine and apologized to the people of Mufumbwe for decades of neglect. He expressed gratitude for their unwavering support of the UPND over 23 years, stating that the reopening of the Euro Africa Kalengwa Mine is a reward for their trust. The President reaffirmed his administration’s commitment to Zambia’s development and highlighted the strategic importance… Read More Here

Mining in Zambia Copper New Mining Projects

Mopani Copper Mines Begins Exploration Near Mufulira Mine

November 20, 2024November 25, 2024 Constance

Mopani Copper Mines has begun exploration activities around Mufulira Mine to extend its lifespan by an additional 30 years, beyond the current projection of 2034. Chief Executive Officer Charles Sakanya revealed the mining giant’s plans during a breakfast meeting with Finance and National Planning Minister Situmbeko Musokotwane in Kitwe. Mr. Sakanya emphasized that the ongoing explorations aim to identify the mineral potential of surrounding areas to secure the mine’s future. He also announced Mopani’s goal to ramp up copper production to a peak of 220,000 metric tonnes annually. Over the… Read More Here

Mining in Zambia Copper New Mining Projects

KoBold Metals to Begin Drilling on Zambia’s Dumbwa Copper Prospect in 2025

November 14, 2024November 15, 2024 Constance

Critical minerals startup KoBold Metals is set to commence drilling at Zambia’s Dumbwa copper prospect in early 2025, marking a strategic expansion in Africa’s critical minerals sector. CEO Mfikeyi Makayi shared the company’s plans with Energy Capital & Power at the recent Critical Minerals Africa Forum. Makayi highlighted that Dumbwa, located in northwestern Zambia, is one of KoBold’s prioritized exploration sites in the region. “We are leveraging machine learning and predictive analytics to reduce uncertainty and accelerate drilling at Dumbwa, moving beyond traditional geological methods,” Makayi stated. KoBold Metals is… Read More Here

Mining in Zambia Copper Exploration New Mining Projects

Statunga Investments Secures Key License for Zambia’s Luansobe Copper Project Expansion

November 5, 2024November 5, 2024 Constance

Zambian mining firm Statunga Investments Limited has obtained an additional small-scale mining license for the Luansobe Copper Project in Zambia. This new license, numbered 34545-HQ-SML, is valid for ten years and authorizes the exploration and extraction of copper, as well as other base and precious metals, over a 384-hectare area. “We now have a second mining license for Luansobe, covering the underground resource area,” stated Colin Bird, Chairman of Galileo Resources. The license supports Galileo Resources’ strategy to develop both open-pit and underground resources at Luansobe. The company is also… Read More Here

Copper Mining in Zambia New Mining Projects

Zambia National Service to Launch Copper Mine in North-Western Province by 2027

October 31, 2024October 31, 2024 Constance

Zambia National Service (ZNS) Commander, Lt. General Maliti Solochi, has announced plans to open a new copper mine in Zambia’s North-Western Province by 2027. This new project will complement ZNS’s existing mining operations in Kitwe, Copperbelt Province, as the service expands its role in national economic activities alongside its security mandate. Lt. General Solochi emphasized the military’s role in pioneering development projects, stating, “Just as the internet began with the military, certain innovations often start within the armed forces before being extended to the civilian population. The military should be… Read More Here

International Gold New Mining Projects

Caracal Gold Secures Mining License for Kanegele Project in Tanzania

October 30, 2024October 30, 2024 Constance

London-listed Caracal Gold has obtained a mining license for its Kanegele project in Tanzania. Caracal’s subsidiary, Tyacks Gold, successfully applied for two mining licenses in December 2023, and the Kanegele project, located within the Nyakafuru area, has now received its first permit. Located in the Lake Victoria Gold Fields, Kanegele lies 140 km southwest of Mwanza, Tanzania’s second-largest city, and benefits from established infrastructure. The Kanegele project encompasses four main deposits—Voyager, Mentelle, Cullen, and Leeuwin—with a Joint Ore Reserve Committee (JORC)-compliant resource estimate of 658,000 oz. Substantial historical mining and… Read More Here

Gold International New Mining Projects

Montage Gold Secures $825 Million for Construction of Côte d’Ivoire’s Largest Gold Mine

October 27, 2024October 27, 2024 Constance

Montage Gold has successfully raised $825 million in Côte d’Ivoire to finance the construction of the country’s largest gold mine, which is expected to achieve an annual production capacity of 301,000 ounces during its first eight years of operation. This project is set to significantly bolster gold production in Ivory Coast in the long term. In a press release dated October 24, 2024, Montage announced that the funding was secured through a combination of loans and advance sales of future gold production. This financing involved collaboration with one of its… Read More Here

Mining in Zambia Battery Metals Lithium New Mining Projects

First Africa Metals Confirms High-Grade Lithium at Misika Project in Zambia

October 7, 2024October 7, 2024 Constance

UK-based mining exploration company First Africa Metals has reported that rock chip sampling has confirmed exceptionally high-grade lithium-bearing pegmatites at its Misika project in Zambia’s Southern Province. Independent laboratory analysis of the rock chip samples, along with X-ray diffraction (XRD) data, reveals that outcropping pegmatites from existing shallow artisanal open pits contain spodumene, montebrasite, pollucite, and lepidolite. The highest-grade lithium-bearing samples (>7% lithium oxide) consist primarily of montebrasite, a lithium ore noted for its low impurity levels. The Misika pegmatite zone is currently identified as approximately 1 km wide with… Read More Here

Mining in Uganda New Mining Projects

Uganda Establishes State-Owned Mining Company to Enhance Mineral Value

October 7, 2024October 7, 2024 Constance

Uganda has established a state-owned mining company to oversee the government’s equity interests in mining operations, announced Ruth Nankabirwa, the Minister for Energy and Mineral Development. Historically, all mining activities in the East African nation have been conducted by private firms operating under exploration and mining licenses. However, a new mining law approved in 2022 allows the government to compulsorily acquire a 15% free carry stake in all mining operations in Uganda. This initiative is part of broader efforts to increase the country’s share of the value derived from its… Read More Here