New Mining Projects - Copperbelt Katanga Mining

Copper Mining in DRC New Mining Projects

Kamoa-Kakula achieves commercial production milestone

August 4, 2021August 4, 2021 admin

Co-Chairs Robert Friedland and Yufeng “Miles” Sun are pleased to announce that Kamoa-Kakula’s Phase 1, 3.8 million-tonne-per-annum (Mtpa) concentrator plant was deemed to have reached commercial production on July 1, 2021, after achieving a milling rate in excess of 80% of design capacity and recoveries very close to 70% for a continuous, seven-day period. To date, approximately 500,000 tonnes of ore have been milled, including approximately 263,000 tonnes grading 5.7% copper in July. Copper production has steadily increased since hot commissioning began at the end of May. Copper production exceeded 500 tonnes per day toward… Read More Here

Copper Mining in DRC New Mining Projects

The DRC can shake up the global hierarchy of copper producers thanks to the Kamoa-Kakula mine

July 30, 2021July 30, 2021 admin

According to data from the Fich Solutions research agency on forecasts of copper mining production in the world this year and the rest of the decade, the DRC will grow by 6.9% in 2021, driven by the entry into production from the Kamoa-Kakula mine. The asset owned by Ivanhoe Mines already confirms the expectations placed on it and can potentially help the DRC to overtake its competitors in the hierarchy of global producers. Good news, as observers agree to predict an explosion in demand for red metal. Global copper production… Read More Here

Gold International New Mining Projects

Egypt, Barrick Gold sign four contracts for gold exploration

July 28, 2021July 28, 2021 admin

Barrick Gold (TSX: ABX) (NYSE: GOLD) has inked four gold exploration deals in Egypt’s Eastern Desert, the country’s ministry of petroleum and mineral resources said on Tuesday. The miner, which won an international tender Egypt launched last year, will explore in 19 new blocks in the Eastern Desert with an estimated total investment of $8.8 million. “We believe that it is essential to move into prospective emerging and underexplored mineral belts to maintain the discovery rate as part of a balanced development strategy,” Barrick SVP exploration, Joel Holliday, said in a separate statement. DESPITE… Read More Here

Mining in DRC Lithium New Mining Projects Tin

Manono Lithium and Tin Project Operational Update

July 22, 2021July 23, 2021 admin

Highlights:▪ Completed $40m capital raising, with funds in part used to increase AVZ’s interest in the Project to 75%▪ Issued updated Roche Dure Mineral Reserve statement which has increased 41.6% based on mine redesign▪ FEED, process plant design and site geotechnical investigation studies complete confirming CAPEX and OPEX for Optimised DFS update▪ Optimised DFS Financial Model is progressing well based on key technical input from Roche Dure pit optimisation and FEED studies▪ AVZ is actively engaged with DRC Government on decision for award of Mining License, Mpiana Mwanga HEPP agreement,… Read More Here

Mining in Zambia Exploration New Mining Projects

Arc Minerals starts diamond drill programme in Zambia

July 20, 2021July 25, 2021 admin

Junior explorer Arc Minerals has started a diamond drill programme on its majority-controlled licences in north-western Zambia. Diamond drilling activities are under way at the Fwiji target area following further technical work and analysis from last year’s exploration drilling campaign. The programme will initially centre on a linear feature of about 2 km to the south of last year’s drilling at Fwiji, where a coincident magnetic and soil anomaly has been identified. This year’s programme will also focus on the Cheyeza and Muswema target areas where the drill target locations are to be finessed upon the completion of… Read More Here

New Mining Projects Copper Mining in DRC

Kamoa-Kakula Begins Exporting Copper Concentrate Internationally

July 19, 2021July 19, 2021 arnbethnic

Kamoa-Kakula begins exporting copper concentrate internationally as production ramps up. Kamoa Copper draws down US$300 million advance payment facility available under the offtake agreements; all future Phase 1 operating costs and majority of Phase 2 capital expenditures expected to be funded from copper sales and facilities in place. Daily shipments of copper concentrate to local smelter to produce 99%-pure blister copper also continuing KOLWEZI, DEMOCRATIC REPUBLIC OF CONGO – Ivanhoe Mines (TSX: IVN; OTCQX:IVPAF) Co-Chairs Robert Friedland and Yufeng “Miles” Sun are pleased to announce that Kamoa Copper SA –… Read More Here

New Mining Projects Mining in Zambia Mining Personality

BEMETALS APPOINTS NEW CHIEF FINANCIAL OFFICER TO MANAGEMENT TEAM

July 7, 2021July 7, 2021 arnbethnic

VANCOUVER, CANADA – BeMetals Corp. is pleased to announce that Mr. Nicholas Furber has been appointed the Company’s new Chief Financial Officer (“CFO”). Mr. Furber will be assuming the CFO responsibilities from Ms. Kristen Reinertson who will be continuing her role as Corporate Secretary with the Company. John Wilton, President and CEO of BeMetals stated, “We are delighted to have Nick join our senior management team and we look forward to his contributions as our new CFO, especially during this exciting time for the Company. Nick’s prior experience as… Read More Here

Copper Mining in DRC New Mining Projects

Kamoa-Kakula’s Phase 1 concentrator plant fully operational

July 6, 2021July 6, 2021 admin

Kamoa-Kakula Phase 1 concentrator plant fully operational; hot commissioning activities well-advanced, final performance testing to start shortlyFirst truckloads of copper concentrate delivered to local smelter on June 1; daily concentrate deliveries ongoing, first blister copper ingots receivedPhase 2 concentrator expansion to 7.6Mtpa on track for Q3 2022; civil works and structural steel construction ahead of scheduleKamoa Copper fully authorized to export blister copper and concentrate to international markets, off-take agreements in placeMining crews deliver 338,000 tonnes of ore grading 4.59% copper in June, including 66,200 tonnes grading 7.71% copper from the… Read More Here

Mining in Zambia Cobalt Copper New Mining Projects

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