New Mining Projects - Copperbelt Katanga Mining

Tender for Construction of a Gold Processing Plant at Kasenseli Gold Mine, Zambia 1

ZCCM Investments Holdings Plc. has received financing from own sources toward the CAPEX for the 2018/2019 Financial Year, and it intends to apply part of the proceeds of this financing to payments under the Contract for the Construction Works in Kasenseli, Mwinilunga District and Renovations to Zambia Gold Company Limited Offices at ZCCM-IH Office Park in Lusaka; Contract No.: ZCCM-IH/076/2020. ZCCM Investments Holdings Plc now invites sealed bids from eligible and qualified bidders for the Construction Works in Kasenseli, Mwinilunga District and Renovations to Zambia Copper Company Limited Offices at ZCCM-IH… Read More Here

Copper Mining in Zambia New Mining Projects

Lubambe Copper Mines injects $750m to produce 235 metric tonnes

August 30, 2020August 30, 2020 arnbethnic

Lubambe Copper Mines in Chililabombwe town on the Copperbelt has completed the US $750 million extension project. This will see the mine’s production increased to 235 metric tonnes of copper and cobalt ore per year thereby extending mine’s life span to 30 years. Lubambe Copper Mines Chief Executive Officer Nick Bowen said the expanded mine contains an estimated 8.5 million tonnes of copper making it world class. Mr Bowen said the grade at the extended mine is good compared to other mines. He said the average grade at the extended… Read More Here

Mineral Processing International New Mining Projects

India court rejects Vedanta’s plea to restart copper smelter

August 18, 2020September 9, 2020 arnbethnic

Vedanta will have to keep its plans to resume operations at its copper smelter in India on hold for longer after a local court rejected an appeal to restart the plant. The Madras High Court on Tuesday refused permission to restart the plant in southern India’s Tamil Nadu state. The court also said it hasn’t yet decided on a petition to the demolish plant. Vedanta can now appeal to the nation’s top court.ADVERTISEMENT Billionaire Anil Agarwal’s commodities producer stopped operations at the smelter for maintenance in March 2018 and later extended… Read More Here

Mining in Zambia New Mining Projects

Kalengwa Mineral Processing rejects Moxico’s request over title dispute in Zambia

August 15, 2020August 15, 2020 Arnie

KALENGWA Mineral Processing Limited has opposed an application by Moxico Resources Zambia Limited to have the case against the latter and Euro Africa Kalengwa Mines Limited set aside for irregularity and abuse of court process. In this matter, Kalengwa Mineral Processing Limited has dragged Moxico Resources Zambia Limited and Euro Africa Kalengwa Mines Limited to the Lusaka High Court, seeking an order that it is the title holder and vested with the surface rights to its properties known as Farm No. 31477, Farm No. 31478 and Farm No. 31479, situated… Read More Here

Copper Mining in DRC New Mining Projects

Ivanhoe publishes financial statements for the first half of 2020 while updating progress on its mining projects | DRC

August 15, 2020August 15, 2020 arnbethnic

Ivanhoe Mines announced, in a press release dated August 10, 2020, its financial results for the first six months of 2020. At the same time, the company reviewed the progress of its mine construction and exploration activities in the DRC . Overall, the Company recorded a total aggregate loss of $ 76.3 million for the six-month period ended June 30, 2020 compared to revenue of $ 11.5 million for the same period in 2019. Reading its financial statements, it appears that Ivanhoe’s board of directors has allocated a reduced… Read More Here

Kitumba Copper Project Expresion of interest 23

Copper Exploration Mining in Zambia New Mining Projects

Expression of Interest (EOI) to carry out Feasibility studies & Independent review of Kitumba Copper Project | Zambia

August 12, 2020August 12, 2020 arnbethnic

Request for Expression of Interest (EOI) for the Consultancy services to carry out Feasibility studies – Independent review of Kitumba Copper Project in Mumbwa, on behalf of ZCCM-IH. ZCCM Investments Holdings Plc. (ZCCM-IH) is an investment holding company with diversified interests in mining, energy, banking, property and other sectors of the Zambian economy. The company has a primary listing under ISIN number ZM0000000037on the Lusaka Stock Exchange, and secondary listings on London Stock Exchange and Euronext Stock Exchange in Paris. The Zambian Government (GRZ) directly holds 17.25% of the shares… Read More Here

Mining in DRC Copper New Mining Projects

Despite Ivanhoe’s income drop, modest gains reflect progress at Kakula

August 10, 2020August 11, 2020 Copperbelt Katanga News

Canada’s Ivanhoe mines reports a drop of over 90% in income during the second quarter of the year from the same period in 2019. This comes has it moves forward with its flagship copper project in the Democratic Republic of Congo, which will see first production earlier than planned. The Vancouver-based miner recorded a total comprehensive income of $0.3 million for the three months to June 30, compared to $8.1 million in the second quarter last year. The Finance income, however, amounted to $18.7 million, as compared to $16.9 million… Read More Here

New Mining Projects Lithium Mining in DRC

AVZ Minerals spends June quarter progressing Manono towards final investment decision

August 10, 2020August 10, 2020 arnbethnic

Cashed up-advanced hard rock lithium explorer AVZ Minerals (ASX: AVZ) has reported an “extremely busy” June quarter including the unveiling of a “highly positive” definitive feasibility study for the flagship Manono lithium and tin project in the Democratic Republic of Congo. This was followed by a $10.7 million placement to Yibin Tianyi in May – giving Yibin a 9% stake in AVZ. The company also received $5.3 million (before costs) in May after Cannaccord Genuity (Australia) exercised more than 180.24 million options. AVZ used the funds to repay a US$1… Read More Here

Mining in Zambia Exploration New Mining Projects Uranium

GoviEx Uranium completes C$5m private placement to fund exploration in Zambia, Niger and Mali

August 9, 2020August 10, 2020 arnbethnic

TSX-V-listed GoviEx Uranium has closed the last tranche of a nonbrokered private placement offering of over 35.7-million units for gross proceeds of about C$5-million. The net proceeds from the private placement will be used to fund continued exploration and development activities on three company projects, Madaouela, in north central Niger; Mutanga, in Zambia and Falea, in Mali, and for general working capital purposes. In connection with the last tranche of the private placement, the arm’s length finder, Red Cloud Securities, will receive a cash commission of C$15 540 to acquire… Read More Here

Copper Mining in DRC New Mining Projects

Kamoa-Kakula Copper Project kicking ahead of Schedule | DRC

August 9, 2020August 9, 2020 arnbethnic

As Ivanhoe Mines continues its work on the Kamoa-Kakula copper complex in the Democratic Republic of Congo (DRC), it confirmed the underground development is moving ahead of schedule and the mine could see first copper production earlier than planned. According to company co-chair Robert Friedland, development has been wrapped up on more than 18.7 kilometres underground – or about 5.5km ahead of schedule. Crews recorded 1,635 metres in July alone, or 257m more than targeted for the month. In addition, at the mine’s high-capacity 2,000-tonne-per-hour ore conveyor system at the… Read More Here