New Mining Projects - Copperbelt Katanga Mining

Ivanhoe Mines first quarter 2022 review of mine construction and exploration activities 1

Kamoa-Kakula Copper Mining Complex in the Democratic Republic of Congo sold 51,919 tonnes of payable copper and recognized record revenue of $519.6 million in Q1 2022 The Kamoa-Kakula joint venture recorded record EBITDA of $399.4 million, and operating profit of $380.5 million for Q1 2022 Kamoa-Kakula’s cost of sales total $1.08 per pound of payable copper in Q1 2022, with C1 cash costs trending towards lower end of 2022 guidance at $1.21 per pound Kamoa-Kakula Phase 2 offtake agreements concluded Regional exploration drill campaign commences at the Western Foreland Copper… Read More Here

Copper Gold New Mining Projects

Ivanhoe Mines Completes Platreef’s Production Shaft 1 at the Tier-One Palladium,in South Africa

May 9, 2022May 9, 2022 admin

Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Executive Co-Chair Robert Friedland and President, Marna Cloete, announced today at the African Mining Indaba Conference, the completion of the Shaft 1 production changeover at the company’s tier-one Platreef palladium, rhodium, nickel, platinum, copper and gold project in South Africa. Shaft 1 will serve as Platreef’s initial production shaft and is approximately 450 metres away from the first high-grade area of the Flatreef orebody scheduled to be mined during Phase 1 production. On April 22, 2022, Ivanplats celebrated the first blast at Platreef’s 950-metre level,… Read More Here

DRC Minister of Mines signs the exploitation permit in favor of AVZ Minerals, What next?

May 9, 2022May 9, 2022 arnbethnic

The Minister of Mines of the Democratic Republic of Congo (DRC), Antoinette N’Samba Kalambayi, has signed an order granting an exploitation permit to the mining company AVZ Minerals for its Manono lithium project. The announcement was made by the Australian mining operator on Wednesday May 4, 2022. With the signing of this decree, he thinks, AVZ Minerals is thus entering a decisive turning point for its plans to materialize this flagship asset, the Manono lithium project. Once the document from the Minister of Mines has been obtained, AVZ Minerals is… Read More Here

Mining in DRC Copper New Mining Projects

Kamoa-Kakula on Track to Become the World’s Third-largest Copper Mining Complex by Q4 2024

May 3, 2022May 3, 2022 arnbethnic1 Comment

Phase 3 expansion to include additional Kamoa 5 million-tonne-per-annum concentrator, adjacent to two new underground mines Kamoa Copper commences earthworks on direct-to-blister smelter; on-site copper metal production expected in Q4 2024 Phase 2 production ramp-up to double annual copper production continues to progress smoothly Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Co-Chairs Robert Friedland and Yufeng “Miles” Sun are pleased to announce today, ahead of the Goldman Sachs Copper Day, further details of the Phase 3 expansion at the Kamoa-Kakula Copper Mining Complex in the Democratic Republic of Congo. Phase 3 is… Read More Here

Mining in Zambia New Mining Projects Uranium

GoviEx ramps up at Mutanga, targeting feasibility study

April 29, 2022May 1, 2022 admin1 Comment

Canada-based GoviEx Uranium has started its 2022 field programme at its 100%-owned and mine-permitted Mutanga uranium project, in Zambia, which is planned to be developed following the company’s flagship Madaouela uranium project, in Niger. The field programme will target key aspects that will assist to progress Mutanga towards completion of a feasibility study and potential subsequent funding and construction. The planned field programme includes 15 500 m of infill drilling, with the aim to upgrade Mutanga’s Dibwe East resource from the inferred to the indicated category, extending the work completed… Read More Here

Exploration Mining in Zambia New Mining Projects

DEEP-SOUTH RESOURCES EXPECT TO RESUME TRADING ON TUESDAY APRIL 19, 2022

April 18, 2022April 18, 2022 arnbethnic

Deep-South Resources Inc. (TSXV: DSM) announced further to a discussion with the TSX Venture Exchange concerning the documents related to the Zambian exploration licences acquisition announced on April 7, 2022, Deep-South expect to resume trading on Tuesday April 19, 2022. Deep-South has signed a definitive earn-in agreement with World Class Mineral Ventures Ltd (“WCMV”) of Zambia to acquire up to 80% of three copper exploration licences in the center of the Zambian Copper belt, one of the most prolific copper belts in the world. The agreement: Deep-South holds the option to acquire up to 80%… Read More Here

Mining in DRC New Mining Projects

Kamoa Copper Achieves Record Q1 2022 Production of 55,602 Tonnes of Copper

April 11, 2022April 11, 2022 arnbethnic

New daily production record of 1,202 tonnes copper produced on April 8 Phase 2 concentrator declared commercial production on April 7; Kamoa Copper to increase annualized copper production to more than 400,000 tonnes First copper production from Kamoa-Kakula’s Phase 3, including copper metal from on-site flash smelter, expected in Q4 2024 Ivanhoe Mines to issue Q1 2022 financial results and host conference call for investors on May 10 Kolwezi, Democratic Republic of Congo–(Newsfile Corp. – April 11, 2022) – Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Co-Chairs Robert Friedland and Yufeng… Read More Here

Mining in DRC New Mining Projects Tin

Alphamin to proceed with Mpama South mine development

March 30, 2022April 4, 2022 admin

Tin miner Alphamin Resources on March 29 said it had taken the decision to proceed with the development of the Mpama South mine and processing plant in the Democratic Republic of Congo. Alphamin is targeting first tin production at Mpama South by December 2023. The mine is estimated to produce contained tin of 7 232 t/y at an estimated all-in sustaining cost of $15 188 /t. The mine is expected to deliver earnings before interest, taxes, depreciation and amortisation of about $187-million a year at an assumed tin price of $40 000/t. Alphamin… Read More Here

Copper Mining in DRC New Mining Projects

Kamoa-Kakula’s Phase 2 concentrator plant begins hot commissioning ahead of schedule

March 22, 2022March 23, 2022 admin1 Comment

Kamoa-Kakula’s Phase 2 concentrator plant begins hot commissioning ahead of schedule Production of copper concentrate from Phase 2 plant now underway Early commissioning positions Kamoa-Kakula to achieve upper end of 2022 copper production guidance of between 290,000 and 340,000 tonnes De-bottlenecking program underway to boost copper production to more than 450,000 tonnes annually by Q2 2023 LAUSANNE, SWITZERLAND – Ivanhoe Mines (TSX: IVN; OTCQX: IVPAF) Co-Chair Robert Friedland is pleased to announce today at the Financial Times Global Commodities Summit, to an audience of international mining and market leaders, the start… Read More Here

Mining in DRC New Mining Projects

150 million USD needed for the relaunch of MIBA in the DRC

March 17, 2022March 20, 2022 admin

Formerly the flagship of the economy of the Democratic Republic of Congo, Minière de Bakwanga (MIBA) fell into a black hole several years ago. To allow this Congolese company to replay its former role, an investment of nearly 150 million US dollars is necessary. This need was expressed by the delegation of the Steering Committee and Reform of Public Enterprises (COPIREP), which stayed in Mbuji-Mayi, capital of Kasai Oriental since March 6 to inquire about the situation of this company. of the Congolese State Portfolio. Led by Alex Nkusu, Executive… Read More Here