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Copper Mining in Zambia New Mining Projects

Jubilee’s Project Roan starts producing copper

April 30, 2021May 2, 2021 admin

Dual-listed Jubilee Metals’ Project Roan has started production of intermediate copper concentrate for refining at the company’s Sable Refinery, in Zambia. The construction of Phases 2 and 3 remain on target. The copper and cobalt tailings are located in three central locations, Project Roan, Project Elephant 1 and Project Elephant 2. Jubilee plans to build a processing facility at each of the three locations. The extent of the processing facilities is determined by the refining capacity at its Sable Refinery, which is currently limited to 14 000 t/y, though Jubilee has a set target to expand its access to refining capacity, to achieve a targeted 25 000 t/y of copper. The first of… Read More Here

Mining in DRC Electricity Energy New Mining Projects

Ivanhoe Signs Agreement to boost hydropower at Kamoa-Kakula

April 26, 2021May 2, 2021 admin

Turbine 5 to produce 162 MW of renewable hydropower, providing the Kamoa-Kakula Copper Complex and associated smelter with sustainable electricity for future expansions Democratic Republic of Congo’s President Félix Tshisekedi expresses support for the Turbine 5 upgrade at Inga II Voith Hydro of Germany to be appointed as lead contractor for the Turbine 5 project Upgrading of the Mwadingusha hydropower plant is nearing completion to generate 78 MW of hydropower for the first two phases of copper production at Kamoa-Kakula Combined 240 MW output from the Mwadingusha and Inga II… Read More Here

New Mining Projects Copper Mining Companies Mining in DRC

KAMOA COPPER SA UNVEILS ITS NEW CORPORATE IDENTITY (NEW BRAND & NEW LEADERSHIP)

April 24, 2021April 24, 2021 arnbethnic

Kamoa Copper SA announces its new corporate identity and new leadership ahead of its scheduled copper production commencement in July 2021 with the underground mine development well ahead of schedule. KOLWEZI, DEMOCRATIC REPUBLIC OF CONGO, APRIL 24, 2021- Kamoa Copper SA is a joint venture between Ivanhoe Mines, Zijin Mining Group and the Government of the Democratic Republic of Congo (DRC) with the objective of producing high grade copper in the Kolwezi region, which is located in Lualaba province, DRC. With copper production starting, as planned, in July 2021, Kamoa… Read More Here

New Mining Projects

US$20 million debt facility secured for Lindi Jumbo- TZ

April 22, 2021April 22, 2021 admin

Walkabout Resources has secured a US$20 million debt funding facility with Tanzanian Bank CRDB towards construction of the Lindi Jumbo Graphite Mine. “The provision of this significant debt package for Lindi unlocks the final milestone in project development and construction efforts at the mine site can commence as soon as formal documents have been executed,” said Managing Director of Walkabout, Allan Mulligan. Mulligan said the company has persisted with negotiating the funding facility for more than a year. “The relationship benefits Tanzania in growing its services sector and benefits our… Read More Here

Mining in Zambia New Mining Projects

Rio Tinto kicks off exploration at Midnight Sun’s Solwezi project in Zambia

April 20, 2021April 20, 2021 admin

Midnight Sun Mining (TSX-V: MMA) announced Monday that Rio Tinto Mining and Exploration has commenced its initial 2021 exploration campaign on Midnight Sun’s Solwezi Licences in Zambia. According to the statement, Rio Tinto is in Stage 1 of the previously announced earn-in and joint venture agreement. The initial 2021 work program budget is USD $3,200,000 and is expected to be completed in late June. Results of this exploration work will dictate the additional budgets for 2021. President and CEO Al Fabbro commented, “After a lengthy rainy season and dealing with the… Read More Here

Copper Mining in DRC New Mining Projects

Kamoa-Kakula shatters previous production records, in March 2021

April 6, 2021April 6, 2021 arnbethnic

Kamoa-Kakula shatters previous production records, mining 400,000 tonnes of ore grading 5.36% copper in March, including 100,000 tonnes grading 8.70% copper from the centre of the Kakula Mine Pre-production ore stockpiles hold 2.56 million tonnes grading 4.60% copper, containing more than 117,000 tonnes of copper Overall progress of Kamoa-Kakula’s first phase, 3.8-Mtpa mining and milling operation 92% complete; commissioning of concentrator plant underway with first copper production on track for July 2021 Kamoa-Kakula’s main 220-kV substation energized with clean, renewable hydropower Phase 2 expansion to 7.6 Mtpa progressing well toward a Q3 2022 start-up;… Read More Here

Copper Mining in DRC New Mining Projects

Kamoa-Kakula Mines and Stockpiles a Record Number of Tonnes of Copper Ore in March

April 1, 2021April 1, 2021 admin

Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Co-Chairs Robert Friedland and Yufeng “Miles” Sun are pleased to announce that the Kamoa-Kakula Copper Project in the Democratic Republic of Congo (DRC) has mined and stockpiled a record number of tonnes of copper ore during the month of March. The project also set a new monthly development record, with an advancement of more than 3,000 metres. Final tonnage calculations and assays are pending for the ore mined during March. The monthly progress update for March, detailing tonnes and grade, as well as the… Read More Here

Mining in DRC Cobalt New Mining Projects

DRC launches state-owned cobalt miner

March 31, 2021March 31, 2021 admin

The Democratic Republic of Congo (DRC) has officially begun operations at Entreprise Générale du Cobalt (EGC), a state-owned company with monopoly rights to the purchase and sale of the country’s hand-mined cobalt. EGC, created a year ago to help control artisanal supplies and boost government revenue through price controls, will sell cobalt hydroxide under a five-year contract with trading house Trafigura. The non-exclusive supply deal will also see Trafigura finance the creation of strictly controlled artisanal mining zones, buying centres and logistics to trace supply. DRC holds around 70% of the world’s reserves of cobalt, crucial… Read More Here

Mining in DRC Battery Metals Lithium New Mining Projects Tin

AVZ signs binding SC6 offtake agreement with lithium converter

March 30, 2021March 30, 2021 admin

AVZ Minerals has secured a strategic, long-term offtake partner agreement with Yibin Tianyi Lithium Industry. The Company and Yibin Tianyi have signed a binding offtake agreement for the supply of spodumene concentrate (SC6) from the Manono Lithium and Tin Project. Yibin Tianyi is a leading global battery materials producer that is continuing to expand its lithium hydroxide production capacity as a key participant in the supply chain of Contemporary Amperex Technology (CATL), the world’s largest lithium-ion battery maker. AVZ’s MD, Nigel Ferguson, said: “We are very pleased to conclude our… Read More Here

Mining in DRC Copper New Mining Projects

Ivanhoe announces deployment options for US$575 million recent financing for Kamoa Kakula Expansions

March 29, 2021March 29, 2021 arnbethnic

Ivanhoe Mines (TSX: IVN; OTCQX: IVPAF) Co-Chairs Robert Friedland and Yufeng “Miles” Sun are pleased to announce a number of opportunities to accelerate planned expansions at the company’s world-scale portfolio of mining and exploration assets, that may be funded in part with the proceeds from the recently completed US$575 million, 2.50% convertible senior notes offering. The high-priority opportunities include accelerating the Phase 3 expansion at the Kamoa-Kakula copper mine (beyond Phases 1 and 2) in the Democratic Republic of Congo (DRC). Fast-tracking additional hydropower upgrades in the DRC also is a… Read More Here