New Mining Projects - Copperbelt Katanga Mining

The mining company AVZ Minerals announced on December 24, 2020, the conclusion of a supply agreement with GFL International, a subsidiary of the Chinese producer of materials for electric batteries, Ganfeng Lithium, reports Agence Ecofin. With an initial term of five years and likely to be extended, this partnership covers the annual sale of spodumene concentrate (SC6), up to 160,000 tonnes, from the future Manono tin and lithium mine. in the province of Tanganyika. “The fact that we signed our first take-off agreement with the largest Chinese producer of lithium… Read More Here

Cobalt Copper Mining in DRC New Mining Projects

China Moly buys 95% of DRC copper/cobalt mine from Freeport for $550m

December 14, 2020December 15, 2020 admin

China Molybdenum said on Sunday that it had acquired a 95% stake in the Kisanfu copper/cobalt mine in the Democratic Republic of Congo (DRC) from US-based Freeport-McMoRan Inc for $550-million. The Chinese company’s takeover of the undeveloped Kisanfu project – discussed as early as 2016 – boosts its reserves in the DRC, the world’s top producer of battery metal cobalt, where China Moly already operates the giant Tenke Fungurume mine. The acquisition, by China Moly unit Natural Resource Elite Investment, was approved by the Luoyang-based company’s investment committee on December… Read More Here

New Mining Projects Copper Infrastructural Development Mining in DRC

Kamoa-Kakula produced 250,000 tonnes of Copper at 4.85% cu in November, 29% higher than October production

December 3, 2020December 3, 2020 arnbethnic

Kamoa-Kakula Copper Project mines a record 250,000 tonnes of development ore grading 4.85% copper in November, accelerating both grade and tonnage of copper ore added to the project’s surface stockpilesPre-production ore stockpiles now hold 1.25 million tonnes grading 3.75% copper, containing more than 46,700 tonnes of copperUnderground development totalling 2,163 metres completed in November; more than 26.8 kilometres now complete – 9.0 kilometres ahead of planAccess to Kakula’s +8% copper ore in the centre of deposit established with the connection of northern and southern main access tunnels in early NovemberIn… Read More Here

Copper Exploration Mining in Zambia New Mining Projects

Rio completes initial work at Zambia copper project

December 1, 2020December 7, 2020 admin

Rio Tinto has completed the initial work program on Midnight Sun Mining’s (TSXV: MMA) Solwezi licences in Zambia, part of an earn-in and joint venture agreement the companies signed in April 2020. After incurring project expenditures in excess of $3 million during the initial work phase, Rio will now proceed to the next stage of the agreement. This would allow the company to earn a 51% interest in the Solwezi licences by spending a further $16 million on the project within four years, as well as by making cash payments to Midnight Sun. During… Read More Here

New Mining Projects Platinum

Nigerian billionaire plans to open a platinum mine in Zimbabwe

November 15, 2020November 15, 2020 arnbethnic

Bravura Holdings Ltd., owned by Nigerian billionaire Benedict Peters, has $1 billion available for the development of a platinum mine in Zimbabwe, its country manager said. The 3,000 hectare (7,413-acre) concession where it plans to dig the mine is in Selous, 80 kilometers (50 miles) south of Zimbabwe’s capital Harare and close to existing platinum mines. “From where we are now, we will go to resource definition, after that we will go to resource modeling, after mine development and then mine construction,” Lionel Mhlanga, Bravura’s manager in the southern African… Read More Here

Copper New Mining Projects

New Botswana copper mine to begin production in 2021

November 13, 2020November 13, 2020 admin

Botswana’s newest and only operational copper mine is expected to start production in 2021 with annual output building to 60,000 tonnes of concentrate, its executive director said. Situated in the Kalahari Copper belt, which stretches from north east Botswana to western Namibia, the Khoemacau mine will be the only operational one in the diamond-rich country after two other copper mines were placed under liquidation. The mining sector, which provides a fifth of Botswana’s GDP and 80% of foreign exchange earnings, is seen shrinking by almost a quarter this year but is forecast… Read More Here

Kamoa Kakula southern and northern bypass joins 2

Mining in DRC Copper New Mining Projects

Kakula Copper Mine’s northern and southern access tunnels successfully connected

November 11, 2020November 11, 2020 arnbethnic

Kakula’s high-grade core now open for immediate development, where the average grade is projected to exceed 8% copper KOLWEZI, DEMOCRATIC REPUBLIC OF CONGO – Ivanhoe Mines (TSX: IVN; OTCQX: IVPAF) Co-Chairs Robert Friedland and Yufeng “Miles” Sun today announced a major milestone in the development of the tier one Kamoa-Kakula Copper Project in the Democratic Republic of Congo (DRC), with the initial joining of the main northern and southern access tunnels at the Kakula Copper Mine ─ the first of multiple, high grade, underground copper mines to be developed on the project’s… Read More Here

New Mining Projects Copper Mining in Zambia

Arc Minerals signs exclusive agreement with Anglo American

November 11, 2020November 11, 2020 admin

Arc Minerals Chief Executive Officer and CEO Nick von Schirnding announced that copper explorer Arc Minerals, who carried out extensive exploration drilling in Zambia in its study of the near-term copper opportunities, has signed an exclusive agreement with Anglo American. Arc Minerals, listed on UK Aim, hold former Anglo-American copper deposits in northwestern Zambia that remain largely unexplored, and Von Schirnding is himself a former Anglo-American plc and managing director of De Beers. “Of course we cannot or do not want to have further discussions with any other group due… Read More Here

International New Mining Projects

Equinox to Build a $103m Brazil gold mine

November 10, 2020November 11, 2020 admin

Equinox Gold ready to start production at its Santa Luz gold mine, which is set to start contributing cash flow to the company in just over a year’s time. The $103-million mine, in Bahia state, Brazil, will produce over 903 000 oz of gold and generate $436-million in after-tax net cash flow over an initial 9.5-year mine life from 1.1-million ounces of openpit gold reserves. At $1 500/oz gold, the project has an after-tax net present value discounted at 5% of $305-million with an internal rate of return of 58%.… Read More Here

New Mining Projects Copper Mining in DRC

Kakula development now over 58% completed

November 10, 2020November 10, 2020 arnbethnic

Ivanhoe Mines (TSX: IVN) announced on Monday that overall development of the Kakula copper mine in the Democratic Republic of Congo (DRC) is more than 58% complete, with first concentrate from the initial 3.8-million-tonnes-per-annum (Mtpa) concentrator plant on track for July 2021. The project is a joint venture between Ivanhoe Mines (39.6%), Zijin Mining Group (39.6%), Crystal River Global Limited (0.8%) and the government of the Democratic Republic of Congo (20%) and is projected to be the world’s highest-grade major copper mine with an estimated average feed grade of more than 6% copper over the first five… Read More Here