New Mining Projects - Copperbelt Katanga Mining

The quarterly production record at Kamoa-Kakula was achieved despite continued intermittent grid instability

November 6, 2023November 6, 2023 arnbethnic

Since late Q4 2022, Kamoa Copper has been working alongside DRC’s state-owned power company, La Société Nationale d’Electricité (SNEL), to identify the causes of instability across the southern DRC’s grid infrastructure to assist with delivering long-lasting solutions. Kamoa Copper has identified a series of upgrades and has outlined a project plan to deliver the improvements. Mobilization of resources is underway, with vendor selection and equipment procurement having commenced. Concurrently, Kamoa Copper’s engineering team are working towards insulating Kamoa-Kakula from future instability by expanding on-site backup generation capacity, as well as… Read More Here

Mining in Zambia New Mining Projects

Sibanye-Stillwater, Navigating Challenges in Mopani Copper Bid Amid PGM Market Pressures

October 29, 2023October 29, 2023 arnbethnic

Sibanye-Stillwater has affirmed its ongoing negotiations with the Zambian government for the acquisition of Mopani Copper, despite competition from Abu Dhabi’s International Holding Company (IHC), as reported by the Financial Times. IHC, the largest listed company in the United Arab Emirates, has entered the bidding for Mopani and is pledging to preserve jobs, in contrast to Sibanye-Stillwater’s proposal, which includes job cuts. Earlier this month, Sibanye-Stillwater stated that it would not engage in a bidding war for new assets. Shareholders are unlikely to support additional costs for the company, especially… Read More Here

Mining in DRC New Mining Projects Underground Mining

Ivanhoe Mines Records 103,947 Tonnes of Copper Production in Q3-2023 at Kamoa Copper Complex

October 4, 2023October 4, 2023 Constance

Ivanhoe Mines reports record quarterly production of 103,947 tonnes from Kamoa-Kakula Copper Complex for Q3 2023 Kamoa-Kakula milled 2.24 million tonnes of ore during the quarter at an average grade of 5.55% copper Kamoa-Kakula has produced 301,336 tonnes copper year-to-date, well on track to achieve 2023 guidance Phase 3 concentrator, smelter and hydropower project on schedule for Q4 2024 start Kamoa 1 and Kansoko underground access tunnels successfully connected for Phase 3 mining Ivanhoe Mines to issue Q3 2023 financial results and host conference call for investors on November 6 Ivanhoe Mines launches… Read More Here

Copper Exploration Mining in Zambia New Mining Projects

Xtract to earn-in on two copper licenses in Zambia

August 25, 2023August 25, 2023 Constance

London-listed Xtract Resources has entered into a joint venture (JV) agreement with Cooperlemon Consultancy to explore for copper on two large-scale licences in the northwest of Zambia. The two exploration licences are located within the Western Foreland geological district that hosts the prolific Kamoa-Kakula deposit and the Central Fold, as well as the Thrust Belt, which all have acute competition for exploration licences. The two licences in question cover a combined 107 000 ha and are believed to contain high-grade Kamoa-style mineralisation at depth and lower grade bulk tonnage closer to surface. Chairperson Colin Bird states that there may also be Kolwezi-style… Read More Here

Mining in Zambia Copper New Mining Projects

Illuminating the Zambian-Congo copperbelt with pursuit of high-value deposits

August 20, 2023November 10, 2023 arnbethnic

Midnight Sun Mining says drilling at Mitu Trend at Solwezi project confirms high-grade intercepts Midnight Sun focuses on the exploration and discovery of world class copper deposits in the prolific Zambian-Congo Copperbelt. Midnight Sun’s Solwezi mineral exploration licenses in Zambia are located directly adjacent to the largest copper mine in Africa – First Quantum Minerals’ Kansanshi copper/gold mine. Midnight Sun Mining Corp (TSX-V:MMA, OTCQB:MDNGF) said the remaining drill results from holes MTDD047 and MTDD048 and the results from the 2022 drilling campaign on the Mitu Trend at the Solwezi project… Read More Here

Mining in Zambia Corporate News New Mining Projects

Jubilee Metals Group Appoints New CFO and Head of Energy Metals for Strategic Expansion

August 20, 2023August 20, 2023 arnbethnic

Jubilee Metals Group PLC announced on Monday that they’ve chosen Neal Reynolds as the new finance leader, starting on October 1. They’ve also selected Ricus Grimbreek to head up their efforts in energy-related metals. The company, which is based in London and deals with metal processing, mentioned that Pedja Kovacevic, who is currently the temporary finance leader, will continue to handle the company’s strategic planning even after Reynolds joins. Grimbreek will be in charge of Jubilee Metals’ push into energy metals, with a special focus on their plan for Zambian… Read More Here

Copper New Mining Projects

Multi Billion Pula Motheo Copper Mine officially open

August 16, 2023August 16, 2023 Constance

Sandfire Resources Limited this week officially opened the Motheo Copper Mine in Botswana, headlined by His Excellency Dr. Mokgweetsi Eric Keabetswe Masisi, the President of the Republic of Botswana. The official opening ceremony was held on site at Motheo, approximately 70km north-east of Ghanzi. Sandfire’s Board approved the development of the Motheo Copper Mine in December 20201 and first copper concentrate was produced less than three years later, in May 2023. Ramp-up in throughput towards the initial 3.2Mtpa processing rate is on the cards with nameplate capacity already achieved across… Read More Here

New Mining Projects Mining in DRC

Ivanhoe Mines announces MOU to commence exports of concentrate from Kamoa-Kakula Copper Complex via Lobito Atlantic Rail Corridor

August 16, 2023August 16, 2023 Copperbelt Katanga News

■ Ivanhoe Mines announces MOU to commence exports of concentrate from Kamoa-Kakula Copper Complex via Lobito Atlantic Rail Corridor ■ Up to 10,000 tonnes of copper concentrate to be exported via Angolan Lobito Ocean Port in Q4 2023 ■ MOU is first commercial agreement under new concession for exporting metals from the DRC using the Lobito Atlantic Rail Corridor ■ Distance from Kamoa-Kakula to Lobito Port is just over half that compared with Durban, South Africa ■ Rail corridor passes through Ivanhoe’s Western Foreland licences and within five kilometres of Kamoa-Kakula… Read More Here

International Copper New Mining Projects

Sandfire cuts the ribbon at Botswana copper mine

August 11, 2023August 11, 2023 Constance

Copper miner Sandfire Resources has officially opened its Motheo copper mine, in Botswana. A final investment decision on the $259-million Motheo mine was taken in December 2020 and first concentrate from the mine was produced in May this year. The base-case Motheo operation requires a capital investment of $259-million, and based on a 3.2-million-tonne-a-year operation, would deliver 30 000 t/y of contained copper and 1.2-million ounces of contained silver over an initial mine life of 12.5 years. The project is expected to ramp up its initial throughput rate to 3.2-million tonnes rate, to produce 30 000 t/y of contained copper and… Read More Here

Mining in Zambia New Mining Projects Nickel

FQM COMMISSIONS NICKEL CONCENTRATOR & DIVERSIFIES ZAMBIA’S MINERAL PORTFOLIO

August 6, 2023August 6, 2023 Copperbelt Katanga News

KALUMBILA, ZAMBIA – The commissioning of the nickel concentrator at First Quantum Minerals’ Enterprise nickel mine in Kalumbila, North-Western Province last week, has marked a new dawn for Zambia’s mining industry, as it diversifies its mining portfolio, according to Mines and Minerals Development Minister Hon. Paul Kabuswe. The nickel processing plant, completed in 2016 and approved for environmental operation, has been on care and maintenance since then, awaiting favourable market conditions. However, with the global push for a green energy transition, rising demand for nickel, a key metal in this shift,… Read More Here