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Category: New Mining Projects

Dr Sixtus Mulenga: Dreaming of the future 1 Mining Personality Mining in Zambia New Mining Projects 

Dr Sixtus Mulenga: Dreaming of the future

arnbethnic
This mining stalwart’s long journey to discover new minerals is an inspiration to every Zambian How many people would leave a prestigious job, their home, their family, and the lifestyle that they’d worked incredibly hard to build for a tent in rural Zambia, in pursuit of a dream? That’s what Dr Sixtus Mulenga did. His dream was to make a new mineral discovery in an unexplored part of Zambia. Fourteen years later, having parted with most of his hard-earned savings, he’s still living in a tent in rural Luapula. But,… Read More Here
Operations Start at Zimbabwe’s Zulu Lithium Mine 2 New Mining Projects International Lithium 

Operations Start at Zimbabwe’s Zulu Lithium Mine

Constance
Strategic metals and minerals mining firm, Premier African Minerals, has kickstarted operations at its Zulu Lithium Mine in Zimbabwe with the firm making its first blast at the mine. With the blast, the firm says it is set to introduce first ore at the mining facility by mid-April. George Roach, CEO of Premier African Minerals, said “We are waiting for one regent to arrive which is on its way. The objective is to produce SE6 as it is known. It’s a concentrate and a step up in processing of the ore… Read More Here
Ivanhoe exploration updates in DRC's Western Foreland licenses 3 Mining in DRC Corporate News Exploration New Mining Projects 

Ivanhoe exploration updates in DRC’s Western Foreland licenses

Constance
Ivanhoe’s DRC exploration group is targeting Kamoa-Kakula-style copper mineralization on its Western Foreland exploration licences. The 17 licences in the Western Foreland cover a combined area of approximately 2,407 square kilometres to the north, south and west of the Kamoa-Kakula Copper Complex. The exploration group is using models that successfully led to the discoveries of Kakula, Kakula West, and the Kamoa North Bonanza Zone on the Kamoa-Kakula mining licence. The group is composed of a mixture of the same exploration geologists responsible for these previous discoveries as well as others… Read More Here
Ivanhoe Mines activity updates on Kipushi Zinc Mine in the DRC 4 Mining in DRC New Mining Projects Zinc 

Ivanhoe Mines activity updates on Kipushi Zinc Mine in the DRC

Constance
The Kipushi zinc-copper-germanium-silver-lead mine in the DRC is adjacent to the town of Kipushi, approximately 30 kilometres southwest of Lubumbashi on the Central African Copper Belt. Kipushi is approximately 250 kilometres southeast of the Kamoa-Kakula Copper Complex and less than one kilometre from the Zambian border. Ivanhoe acquired its 68% interest in the Kipushi Project in November 2011, through Kipushi Holding which is 100%-owned by Ivanhoe Mines. The balance of 32% in the Kipushi Project is held by the state-owned mining company, Gécamines. In Q1 2022, Kipushi Holding and Gécamines… Read More Here
Ivanhoe Mines' Updates on their Platreef Project in South Africa 5 New Mining Projects International 

Ivanhoe Mines’ Updates on their Platreef Project in South Africa

Constance
The Platreef Project is owned by Ivanplats (Pty) Ltd (Ivanplats), which is 64%-owned by Ivanhoe Mines. A 26% interest is held by Ivanplats’ historically disadvantaged, broad-based, black economic empowerment (B-BBEE) partners, which include 20 local host communities with approximately 150,000 people, project employees and local entrepreneurs. A Japanese consortium of ITOCHU Corporation, Japan Oil, Gas and Metals National Corporation, and Japan Gas Corporation, owns a 10% interest in Ivanplats, which it acquired in two tranches for a total investment of $290 million. The Platreef Project hosts an underground deposit of… Read More Here
MIBA DRC Courts New Mining Projects Mining in Zambia 

Argonaut Resources embroiled in legal dispute over Lumwana West exploration license in Zambia

Copperbelt Katanga News
Argonaut Resources, an Australian mineral exploration company, has been embroiled in a legal dispute over the Lumwana West exploration license in Northwestern Zambia. The license was cancelled and re-granted to a newly registered company, prompting Argonaut’s subsidiary, Mwombezhi Resources, to appeal the decision. In the first instance, it was announced that the Zambian High Court ordered the Minister of Mines to decide on the appeal within 30 days. The court had previously suspended both the cancellation and grant of the license two months earlier. Argonaut’s legal action seeks to reinstate… Read More Here
Ivanhoe Mines issues 2022 annual financial results, plus overview of construction and exploration activities 6 New Mining Projects Mining in DRC 

Ivanhoe Mines issues 2022 annual financial results, plus overview of construction and exploration activities

arnbethnic
Kamoa-Kakula Copper Complex sold 323,733 tonnes of payable copper in 2022 and recognized record annual revenue of $2.15 billion and record EBITDA of $1.39 billion ■ Ivanhoe Mines recognized a record profit of $434 million in 2022, driven by record income from the Kamoa-Kakula joint venture of $405 million ■ Kamoa-Kakula’s 2022 cost of sales total $1.09 per lb. of payable copper; C1 cash costs of $1.39 per lb. within guidance ■ Kamoa-Kakula sold 92,208 tonnes of payable copper in Q4 2022 for record quarterly revenue of $673 million and record… Read More Here
Ivanhoe Mines updates on its Western Foreland exploration activities, adjacent to the Kamoa-Kakula Copper Complex 7 New Mining Projects 

Ivanhoe Mines updates on its Western Foreland exploration activities, adjacent to the Kamoa-Kakula Copper Complex

arnbethnic
■ Independent Mineral Resource estimate for Western Foreland’s Makoko and Kiala high-grade copper discoveries targeted in mid-2023, to be followed by Preliminary Economic Assessment ■ Western Foreland’s 2023 exploration program budgeted at approximately US$19 million, including up to 70,000 metres of drilling ■ Ivanhoe to release 2022 fourth quarter and annual financial results on Monday, March 13 HOLLYWOOD, FLORIDA — Ivanhoe Mines (TSX: IVN; OTCQX: IVPAF) Executive Co-Chair Robert Friedland and President Marna Cloete, announced today ahead of the 32nd BMO Global Metals & Mining Conference an update on exploration activities at the… Read More Here
Canyon Coal Establishes New Mine in Mpumalanga, South Africa 8 Coal International New Mining Projects 

Canyon Coal Establishes New Mine in Mpumalanga, South Africa

Constance
Canyon Coal, a subsidiary of private investment company Menar, is constructing a new coal mine in Hendrina, Mpumalanga. Production is expected to start in the second half of 2023. The first phase of the Gugulethu project, on track to be completed in 8-10 months, is expected to produce 1.2 million t/y of 5 500 kc NAR coal. “We are in the development phase and have already done the tenders for the civils and the processing plant. Our mining equipment has started to arrive,” states Gugulethu Colliery GM Jarmi Steyn. Formerly… Read More Here
Kivu Holding Mining to Construct Refinery in Goma, DRC. 9 New Mining Projects Mining in DRC 

Kivu Holding Mining to Construct Refinery in Goma, DRC.

Constance
The Minister of Mines, Antoinette Nsamba Kalambayi, received in audience, on Tuesday, January 31, 2023, a delegation from the mining company called Kivu Holding Mining SARL (KHM). On the menu of their exchanges, the project to build a refinery in Goma. For the delegation of Kivu Holding Mining, the lack of refinery in the eastern part of the Republic would be the basis of the repeated wars that the country is currently experiencing. “We presented to the Minister of Mines the project to build a refinery in the city of… Read More Here

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