New Mining Projects - Copperbelt Katanga Mining

Argonaut announces plans for a Zambian venture

July 2, 2021July 4, 2021 admin

Junior Argonaut Resources announced that it has placed 693.3-million shares, at a price of 0.75c a share, under its existing placement capacity to fund a drilling work in Zambia. The firm has completed a A$5.2-million private placement to professional and sophisticated investors to fund the Zambian venture. “The funds raised will allow Argonaut to resume drilling at the Nyungu copper/cobalt deposit in north-western Zambia. The Nyungu deposit is over 1 700 m in strike length and urgently requires infill drilling for resource estimation purposes as well as exploration drilling for… Read More Here

Mining in DRC Lithium New Mining Projects Tin

Investors back Manono Lithium and Tin Project in $40M placement

July 2, 2021July 2, 2021 admin

Highlights• AVZ receives firm commitments to raise $40 million (before costs) from sophisticated, professional and institutional investors• Share placement heavily oversubscribed by $10 million which has been accepted by the AVZ Board• AVZ Board has opted not to proceed with a Share Purchase Plan (“SPP”) at this time due to heavily oversubscribed placement.• Placement was well supported by high-quality institutions from Australia and North America, and includes a European-based physical energy commodities merchant• Issue price of $0.13 per share represents a discount of 18.8% to the last closing price.• Proceeds… Read More Here

Mining in DRC Gold New Mining Projects

Central African Gold acquires DRC gold project, financing

June 30, 2021July 4, 2021 admin

Central African Gold (TSXV:CAGR) announced today that it acquired multiple precious and base metals projects located in the Democratic Republic of Congo. Central African signed a deal with La Societe Miniere de Bakwanga SA (MIBA) to enter a joint venture to develop and exploit the Musefu Gold Project located in Kasai Central Province in southern DRC. Kevin Torudag, Senior Advisor to the Corporation, stated: “The Musefu Gold Project is a significant land package controlled by a state owned mining company. It has been of interest and had earlier work completed… Read More Here

Mining in DRC Copper New Mining Projects

How Ivanhoe’s giant new Congo mine stacks up against copper mining’s top tier

June 25, 2021June 27, 2021 admin

When Ivanhoe Mines’ Kamoa-Kakula project in the Democratic Republic of Congo went into production a month ago it was the biggest new mine to do so since Escondida in Chile in November 1990. Escondida hit its stride eight years later, producing 867,000 tonnes on its way to a peak of more than 1.4m tonnes a decade later. With more than 50 years left, the BHP-Rio Tinto owned operation may remain unsurpassed over its life in terms of sheer size. A new report by BMO Capital Markets analyst Andrew Mikitchook outlines a similarly… Read More Here

Mining in DRC New Mining Projects

Glencore confirms the commissioning of operations at the Mutanda Mining mine by the end of 2021 (press release)

June 22, 2021June 22, 2021 arnbethnic

Glencore is pleased to confirm the commissioning of operations at the Mutanda Mining (MUMI) mine by the end of 2021, in order to allow the return to production for the year 2022. MUMI as well as KCC play a role important in global energy and mobility transitions, thanks to the high-quality copper and cobalt produced by both operations. A critical component of the production process is the green energy used to power the two mines thanks to Glencore’s investment of around $ 400 million in the Inga dam project. Glencore… Read More Here

Mining in DRC Cobalt Copper New Mining Projects

Glencore to reopen one of world’s biggest cobalt mines

June 22, 2021June 22, 2021 admin

Glencore Plc could reopen its Mutanda Mining copper and cobalt project in Democratic Republic of Congo by the end of 2021, about two years after idling the mine. Congo’s new mines minister, Antoinette N’Samba Kalambayi met with representatives from the Swiss company Monday to discuss the restart of the mine, which closed in November 2019, the ministry said in a statement sent to reporters. Mutanda “will start the commissioning of operations towards the end of this year in order to allow the return to production in 2022,” Glencore said in a separate emailed statement. A… Read More Here

Gold Mining in DRC New Mining Projects

Loncor Gold has the attention of major miners with its prospective gold projects in the DRC

June 17, 2021June 21, 2021 admin

Loncor Gold Inc (TSE:LN) (OTCQX:LONCF) is sitting on some very valuable land in the mineral-rich Ngayu Belt of the Democratic Republic of the Congo. The Ngayu Belt is 220 kilometres southwest of the Kibali gold mine, operated by Barrick Gold, which produced a record 814,000 ounces at an all-in-sustaining-cost of US$693 per ounce. Loncor’s flagship project, Imbo, sits on the eastern portion of the belt and contains numerous targets including three resource-bearing gold deposits. A mineral resource released in April 2020 outlined an inferred resource for the Adumbi, Manzako and Kitenge… Read More Here

Mining in DRC Energy International New Mining Projects

Congo picks Australia’s Fortescue to develop giant hydro project

June 16, 2021June 16, 2021 admin

Democratic Republic of Congo’s (DRC’s) government said on Tuesday Fortescue Metals Group would develop the Grand Inga hydroelectric power project, including a 4,800-megawatt dam that has already been committed to Chinese and Spanish developers. Australia’s Fortescue confirmed earlier on Tuesday that it was in talks with Congo to develop a series of dams that could become the world’s largest hydroelectric project, but it said no formal binding agreement had been concluded. Fortescue’s involvement is the latest twist in Congo’s decades-long quest to expand Inga, whose two existing dams – completed… Read More Here

Tin Mining in DRC New Mining Projects

Exploration could double Alphamin’s resources at Bisie

June 15, 2021June 16, 2021 arnbethnic

Geology is the one thing miners are not able to change. They cannot improve ore bodies or create valuable deposits. Geology does not follow mining companies. Miners must go out and look for the exceptional deposits wherever they are. If they are in the developing world, the risks, and the costs, to extract them are a lot higher compared to mining ore bodies in developed countries. Nevertheless, if a company discovers a tin deposit with an average grade of more than 4.5%, there are no second thoughts. Despite the risks… Read More Here

Mining in DRC New Mining Projects

Ivanhoe Mines issues fourth Sustainability Report showcasing achievements toward becoming a global ESG leader

June 9, 2021June 9, 2021 arnbethnic

VANCOUVER, CANADA – Ivanhoe Mines (TSX: IVN; OTCQX: IVPAF) announced on 8th June 2021 the publication of its fourth annual Sustainability Report. The report highlights Ivanhoe Mines’ sustainability programs and initiatives in 2020, including significant accomplishments achieved at its three mine development projects, and outlines goals and benchmarks for current and future corporate activities. Ivanhoe Mines recently passed the first milestone on its journey to produce the world’s “greenest copper”, with first concentrate production at the tier-one Kamoa-Kakula Project in the Democratic Republic of Congo (DRC) achieved on May 25th.… Read More Here