New Mining Projects - Copperbelt Katanga Mining

Ivanhoe Mines announces capital expenditure guidance to first production for Kamoa-Kakula 1

Ivanhoe Mines’ President Marna Cloete and Chief Financial Officer David van Heerden announced yesterday,31.01.2023 capital expenditure (capex) guidance at Ivanhoe’s three material properties for 2023 and 2024, as well as an update on financing activities. All capital expenditure figures are presented on a 100%-project basis. Capital Expenditure Guidance 2023 & 2024 (100% basis) ($’million) Kamoa-Kakula Phase 3 expansion 2,530 Phase 2 and other expansion capital 120 Sustaining capital 260 2,910 Platreef Phase 1 initial capital 390 Phase 2 capital 100 490 Kipushi Initial capital 380 All… Read More Here

Mining in DRC Corporate News New Mining Projects Press Release

Ivanhoe Mines announces outstanding economic results for world-leading Kamoa-Kakula Copper Complex

January 30, 2023January 30, 2023 arnbethnic

Ivanhoe Mines announces outstanding economic results of updated, independent Integrated Development Plan (2023 IDP) for world-leading Kamoa-Kakula Copper Complex ■ Ivanhoe’s 26-year odyssey of discovery realizes a globally significant copper complex essential for the energy transition ■ 2023 IDP consists of a pre-feasibility study (PFS) for the Phase 3 and 4 expansions of Kamoa-Kakula, and a preliminary economic assessment (PEA) life-of-mine extension case ■ Phase 3 expansion, to be completed in 2024, increases Kamoa-Kakula’s annual copper production to a ten-year average of 620,000 tonnes of copper, at cash costs (C1)… Read More Here

Mining in DRC Copper New Mining Projects

Kamoa-Kakula Mining Complex produced 333,500 tonnes of copper in 2022

January 10, 2023January 10, 2023 Johannsen

RIYADH, SAUDI ARABIA – Ivanhoe Mines’ (TSX: IVN; OTCQX: IVPAF) Executive Co-Chair Robert Friedland and President Marna Cloete announced today, ahead of the 2023 Future Minerals Forum at the King Abdulaziz International Conference Centre in Riyadh, Saudi Arabia, that the Kamoa-Kakula Mining Complex in the Democratic Republic of Congo (DRC) produced 333,497 tonnes of copper in concentrate in 2022, achieving the upper-end of the original 2022 production guidance range of 290,000 to 340,000 tonnes. Kamoa-Kakula’s 2022 production achievement represents a year-over-year increase of 215%. The 2023 annual production guidance for Kamoa-Kakula is estimated… Read More Here

Mining in DRC New Mining Projects

Ivanhoe Mines promises to respond to The Sentry’s “misleading” report

December 17, 2022December 17, 2022 arnbethnic

Ivanhoe Mines is writing “an official response” to what it calls “a misleading and sensationalist article” written by Geoffrey York of The Globe and Mail, dated December 15, 2022, which refers to “an equally flawed and misleading” report published by a United States-based organization, The Sentry, dated December 2022, reports the short press release of the Canadian firm “The article and report contain numerous inaccuracies, misrepresentations of Democratic Republic of the Congo law and Ivanhoe Mines business relationships, and demonstrate a fundamental misunderstanding of the legislative framework of the Democratic… Read More Here

Battery Metals Mining in Zambia New Mining Projects

Watch KoBold President Josh Goldman Announce the Company’s $150 million Mingomba Deposit Investment

December 15, 2022December 16, 2022 arnbethnic

KoBold President Josh Goldman, EMR Capital EMR Executive Chairman Owen Hegarty, U.S. Commerce Secretary Gina Raimondo, Zambian Minister for Mines and Minerals Development Paul C. Kabuswe, and His Excellency Hakainde Hichilema, President of the Republic of Zambia joined together to announce KoBold’s $150 million Mingomba Deposit investment during the Biden Administration’s 2022 African Leader’s Summit. Read More Here

Copper Mining in Zambia New Mining Projects

KOBOLD METALS, ZCCM-IH, EMR CAPITAL: INVESTING IN CLEAN MINERAL EXPLORATION

December 15, 2022December 16, 2022 arnbethnic

The Central African Copperbelt is host to the largest copper and cobalt resource in the world. These metals, when mined and processed sustainably, have the potential to foster job creation and economic development for Zambia. U.S.-based start-up KoBold Metals, together with its partners EMR Capital, a specialist mining private equity firm, and Zambia’s public-private mining company ZCCM-IH, are pleased to announce a $150 million investment from KoBold Metals to own, explore, and develop the Mingomba deposit and to support the Lubambe Copper Mine in Chililabombwe, Zambia. This $150 million investment is the first major… Read More Here

Mining in DRC Battery Metals New Mining Projects Press Release

TANTALEX LITHIUM ANNOUNCES IMPRESSIVE MAIDEN MINERAL RESOURCE ESTIMATE FOR THE MANONO LITHIUM TAILINGS PROJECT

December 15, 2022December 15, 2022 Constance

Toronto, Ontario, December 15th, 2022 – Tantalex Lithium Resources Corp. (CSE: TTX – FSE: DW8 – OTCQB: TTLXF) (“Tantalex” or the “Corporation”), is pleased to announce a Maiden Mineral Resource Estimate for its majority owned Manono Lithium Tailings project in the Democratic Republic of Congo. Key Highlights MANONO TAILINGS MINERAL RESOURCE STATEMENT The Mineral Resource was estimated using the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) Best Practice Guidelines and is reported in accordance with the 2014 CIM Definition Standards, which have been incorporated by reference into National Instrument… Read More Here

Cobalt Battery Metals Mining in Zambia New Mining Projects

KoBold Metals to build copper-cobalt mine in Zambia backed by Bill Gates & Jeff Bezos

December 14, 2022December 15, 2022 arnbethnic

KoBold Metals, a start-up backed by a coalition of billionaires including Bill Gates and Jeff Bezos, has committed $150 million to developing the Mingomba copper-cobalt mine in Zambia, said to be the world’s highest-grade undeveloped large deposit of the orange metal. The start-up, which has Gates’ Breakthrough Energy Ventures and the world’s top miner BHP (ASX:BHP) as shareholders, will use its artificial intelligence tools to process drilling data and optimize exploration for copper and cobalt at Mingomba. KoBold is buying into what will be a joint venture with the existing owners of the project – Australian… Read More Here

New Mining Projects Battery Metals Lithium Mining in DRC

TANTALEX COMMENCES DRILLING ON HIGHLY PROSPECTIVE PEGMATITE CORRIDOR IN MANONO, DRC

December 14, 2022December 14, 2022 arnbethnic

Tantalex is pleased to announce that its 70% owned DRC subsidiary United Cominiere SAS has started exploration drilling on the Pegmatite Corridor which is immediately downstrike from the world’s largest undeveloped hard rock lithium resource. Blue Sky Lithium Discovery Potential The TiTan project The Company would also like to update it’s shareholders on the progress of the TiTan plant construction which remains on schedule for a start of operations in March 2023. The access road upgrade between Manono and the Titan plant location has been completed and the teams are… Read More Here

New Mining Projects Mining in DRC Press Release

ERG and Gécamines restart operations at Boss Mining in the DRC

December 7, 2022December 7, 2022 arnbethnic

The phased restart of Boss Mining will commence with the processing of the historically mined Kiwana fines at its Luita concession, paving the way for further development Eurasian Resources Group (ERG) and its joint-venture partner, La Générale des Carrières et des Mines (Gécamines), celebrated the kick-off of the restart of operations at Boss Mining with a ceremony held at its concession on 23 November 2022. Boss Mining, located in the Lualaba and Haut-Katanga provinces of the Democratic Republic of the Congo (DRC), has a long history of copper and cobalt… Read More Here