New Mining Projects - Copperbelt Katanga Mining

AVZ Minerals signs first tin offtake agreement for Manono project

March 29, 2021March 29, 2021 admin

Emerging Democratic Republic of Congo producer AVZ Minerals (ASX: AVZ) has secured a three-year offtake agreement for the sale of 600 metric tonnes per annum of tin concentrate from the Manono lithium and tin project to industrial metals trader Kalon Resources. The agreement is the first tin sale from Manono and equates to approximately 43% of the total tin concentrate available for sale from the project. Under the terms of the offtake deal, AVZ will supply 600 metric tonnes of concentrate to Kalon, with a minimum 55% tin content and expected grades… Read More Here

Copper Mining in DRC New Mining Projects

Ivanhoe secures $575m funding

March 18, 2021March 18, 2021 admin

Ivanhoe Mines (TSX: IVN) announced on Wednesday the closing of its previously announced private placement offering of $575 million aggregate principal amount of 2.50% convertible senior notes due 2026. “We received tremendous inbound interest in our convertible notes financing from leading North American and European fundamental institutional investors, as was evidenced by the order book being significantly oversubscribed,” Ivanhoe executive Co-Chairman Robert Friedland said in a media statement. “We believe that the convertible notes, with a coupon rate of 2.50%, represent an extremely attractive form of financing to further advance our growth… Read More Here

Gold Mining in DRC New Mining Projects

A local gold refining project presented to DRC’s Minister of Mines Willy Kitobo

March 15, 2021March 15, 2021 arnbethnic

The Cambridge Bullion Congo Sarl team and an English delegation accompanied by the representative of BGR (The Federal Institute of Geosciences and Natural Resources (Bundesanstalt für Geowissenschaften und Rohstoffe: BGR) were received on Thursday, March 11, 2021 in Kinshasa, by Minister of Mines Willy Kitobo. These personalities had come to present to the national boss of Mines their project for the refining of gold on site in the DRC. The delegation presented in detail a project to install a small-scale gold refining plant with a production capacity of one ton… Read More Here

Copper Mining in DRC New Mining Projects

Ivanhoe completes 80% of phase one work at Kakula

March 10, 2021March 10, 2021 admin

Ivanhoe Mines (TSX: IVN) has completed 80% of phase one work at the Kakula copper mine in the Democratic Republic of Congo (DRC), with first production targeted for July. The company is commissioning the concentrator plant at the Kamoa-Kakula operation, and has stockpiles already totalling over 2.16 million tonnes – containing an estimated 95,000 tonnes of copper. The second phase expansion step remains set to begin during the September quarter of 2022. That phase will double the mill throughput to 7.6Mt/y. Phases 1 and 2 combined are forecast to produce up… Read More Here

Covid-19 Mining in Zambia New Mining Projects

Gemfields to restart mines after covid-triggered layoffs

March 2, 2021March 2, 2021 admin

Precious gemstones miner Gemfields (LON: GEM) (JSE: GML) said on Monday is ready to resume production at its two flagship mines in Africa, nearly a year after it had to halt operations in response to covid-19. The company confirmed that both its Kagem emerald mine in Zambia and its Montepuez ruby mine in Mozambique would restart production “in a phased manner” in March, with operations ramping up to full scale by the end of April. Gemfields, which returned to the London Stock Exchange’s market for juniors a year ago, suspended all but critical operations at Kagem and… Read More Here

Emeralds Mining in Zambia New Mining Projects

Kagem to Reopen Principal Operations

February 26, 2021February 26, 2021 admin

Having faced a significant detrimental impact stemming from the pandemic over the past year, Kagem Mining will reopen principal operations at its Lufwanyama emerald mine in a phased manner, beginning in the second week of March 2021. The reopening process will commence with the wash plant production area followed by the mining operations and is expected to complete by the second week of April 2021. This follows a suspension of all but critical operations since 30 March 2020, during which time Kagem employees (excluding those on critical operations) were placed… Read More Here

Mining in Zambia Copper New Mining Projects

A New Chinese Mine to Add 40,000 tonnes to Zambia’s Copper Production

February 21, 2021February 21, 2021 arnbethnic

A LARGE-SCALE mine which will create 3,000 jobs on the Copperbelt is scheduled to open in Kalulushi with production capacity of about 40,000 tonnes of copper and 5,000 tonnes of cobalt per annum. Last year, Zambia produced 646,111 tonnes of copper in the first nine months, up from 590,321 tonnes over the same period in 2019. Owners of the new mine called Zhonghui Mining Industry Limited (ZMIL) are planning to inject US$600 million (K12.6 billion) in the project over a period of five years. ZMIL has acquired a large-scale mining… Read More Here

Copper Mining in Zambia New Mining Projects

Sinomine finally starts producing key minerals for Chinese industry

February 19, 2021February 22, 2021 admin2 Comments

Chinese public sector company Sinomine, which has until now provided geological, engineering and logistics services to other mining firms, has just begun producing copper in Zambia on its own account for the needs of Chinese industry. ABOUT SINOMINEZambia Sinomine Resource Geological Engineering Co., Ltd was established in 2013 by separating from Zambia Nonferrous Metals Exploration & Construction Company Limited. Its main business include geological exploration, engineering investigation, engineering survey, ground and foundation engineering, rock and mineral analysis, mining investment, overseas exploration logistics services, etc. It is a wholly-owned subsidiary of… Read More Here

Mining in DRC Copper New Mining Projects

Kamoa-Kakula Copper mines 300,000 tonnes of ore in January grading 5.45% copper

February 1, 2021February 2, 2021 admin

Kamoa-Kakula Copper mines 300,000 tonnes of ore in January grading 5.45% copper, including 82,000 tonnes grading 8.80% copper from the high-grade centre of the Kakula MinePre-production ore stockpiles now hold 1.82 million tonnes grading 4.23% copper, containing more than 76,000 tonnes of copperFresh underground mining record achieved with 2,869 metres completed in January; more than 32.7 kilometres now complete – 11.6 kilometres ahead of planOverall progress of Kamoa-Kakula’s first phase, 3.8-Mtpa mining and milling operation now approximately 71% complete; first copper concentrate production remains on track for July 2021 KOLWEZI, DEMOCRATIC REPUBLIC OF… Read More Here

Cement Mining in DRC New Mining Projects

The new lime plant built by the TFM company | DRC

January 11, 2021January 11, 2021 arnbethnic

The Minister of Mines, Prof. Willy KITOBO SAMSONI took advantage of his mission in Haut-Katanga and Lualaba to visit, on January 08, 2021, the new lime factory built by the TFM company. As a man in the field and a well-informed scientist since he was a University professor in the field, he followed all the explanations and left satisfied with this important investment mounted in record time. The Minister of Mines encouraged them to continue supporting the development of the Congolese mining sector since by setting up this industrial production unit with… Read More Here