New Mining Projects - Copperbelt Katanga Mining

Jubilee Metals CEO discusses acquisition of large copper tailings resource in Zambia 1

Jubilee Metals Group PLC’s (LON:JLP) Leon Coetzer speaks to Proactive London’s Andrew Scott after announcing they’ve secured the rights to around 150mln tonnes of copper tailings to be refined at its Sable refinery in Zambia. He says they’re aiming to increase the capacity of the refinery to over 25,000 tonnes of copper per year over time. Coetzer adds that the new project, which was acquired by entering a joint venture with the rights holder Star Tanganika Limited, has the potential to more than double its current earnings profile Read More Here

Mining in Zambia New Mining Projects

Jubilee Metals signs agreement to expand operations in Zambia

August 7, 2020August 10, 2020 arnbethnic

Jubilee Metals Group has announced that in line with its stated strategy to expand operations in Zambia, it has signed a Joint Venture Agreement with a private Zambian company securing the right to process 2 Mt copper Run-Of-Mine material containing in excess of 2% copper. Under the JV Agreement, there is a further potential to increase the supply of copper ore to approximately 4 million tonnes with an additional 2.5 Mt of copper-containing tailings available for processing. The Project will target the near-term production of copper concentrate through a dedicated… Read More Here

Cobalt Mining in DRC New Mining Projects

Cobalt General Enterprise operational with a weekly financial purchasing capacity of USD 7.5 million | DRC

July 29, 2020July 29, 2020 arnbethnic

The new General Enterprise of Cobalt (EGC), a state-owned company and subsidiary of Gécamines, is now operational in the province of Lualaba. Mines Minister Willy Kitobo Samsoni presented the company, which has a monopoly on the purchase of cobalt from artisanal diggers in Lualaba and Haut-Katanga provinces, at Moon Palace in Kolwezi on Monday (July 27th), reports the ACP. For this circumstance, the ceremony brought together, in addition to the Minister of Mines, his portfolio colleague, Clément Kuete, the governors of Upper Katanga, Jacques Kyabula Katwe, and Lualaba, Richard Muyej… Read More Here

New Mining Projects Mining in DRC

Ivanhoe in talks over Congo and South Africa projects

July 27, 2020July 27, 2020 arnbethnic

Ivanhoe Mines is in talks with companies interested in its Western Forelands project in Democratic Republic of Congo’s copper belt and its Platreef project in South Africa, the company said on Monday. The Canadian exploration firm said it had received several expressions of interest in the Platreef palladium, platinum, nickel, copper, rhodium and gold project from streaming companies. THE WESTERN FORELANDS EXPLORATION LICENCES RANGE OVER 2,500 SQUARE KILOMETRES NEXT TO THE COMPANY’S KAMOA-KAKULA PROJECT Ivanhoe is also continuing strategic discussions over its Kipushi copper project in Congo. Ivanhoe’s executive co-chairman… Read More Here

Battery Metals Lithium Mining in DRC Mining Supply Tenders New Mining Projects

AVZ Minerals issues tenders worth US$300m for Manono works | DRC

July 3, 2020September 16, 2020 arnbethnic

Australia-based exploration company AVZ Minerals has issued tenders worth around US$300 million for pre-mining infrastructure work at its planned Manono lithium and tin project in the Democratic Republic of Congo. The AVZ Minerals tenders cover infrastructure work including a process plant package, development of the Kabondo Dianda intermodal staging station and for diesel storage facilities and supply, as well as work site buildings and enterprise resource systems. “We will have final pricings on our various tenders back in July and August and then expect to be in a position to… Read More Here

Mining in Zambia New Mining Projects

Arc Minerals’ Season 2 of Exploration Resumes | Zambia

July 3, 2020July 4, 2020 arnbethnic

Arc Minerals has resumed its second season of exploration activities at its Zamsort and Zaco licence areas in north-western Zambia. Diamond drilling activities will resume over the Fwiji target, where the company already defined the target area through previous exploratory works. Follow-up work at a number of the other target areas, including Cheyeza East and Muswema, is also underway. The total diamond drilling programme for the year is budgeted for an initial 8 000 m, with hole depths to between 100 m and 250 m below surface. Diamond drilling is initially… Read More Here

New Mining Projects Copper Mining in Zambia

Trident’s royalty deal for a Zambian copper mine

July 1, 2020July 1, 2020 arnbethnic

AIM-listed diversified mining royalty and streaming company Trident Resources is acquiring a royalty from Moxico Resources over copper production from its operating Mimbula copper mine and associated stockpiles, located in Zambia’s prolific Copperbelt Province. Trident Resources, soon to be renamed Trident Royalties, entered into a gross revenue royalty (GRR) with Moxico Resources in exchange for a cash consideration of US$5 million and Trident is entitled to royalty payments on production commencing from 1 July 2020 and extending in perpetuity. Moxico will use the proceeds of the transaction to fund the continued… Read More Here

Mining in DRC Gold New Mining Projects

“Tshisekedi must prevent the sale of a significant part of SOKIMO’s assets to AJN” Press release by “Congo Not For Sale”

June 26, 2020June 26, 2020 arnbethnic

The “Congo is Not For Sale” campaign is requesting the President of DRC and his Council of Ministers to prevent the definitive transfer of a significant part of SOKIMO’s heritage to AJN Resources. The objective of the initial transaction was to revive SOKIMO, but it will instead have the effect of destroying it permanently. We therefore call on the President and the Prime Minister not to approve this transaction and to learn from past privatizations. It is more than necessary for the Congolese state to adopt a real policy of… Read More Here

Gold Mining in Zambia New Mining Projects

GOLD Mining Cooperatives in Rufunsa excited

June 26, 2020June 26, 2020 arnbethnic

GOLD Mining Cooperatives in Rufunsa are excited by President Edgar Lungu’s pronouncement that they will receive equipment and sales will be liberalised. The cooperatives have also requested to mine in the national parks where there is more gold. They have vowed that they will not allow foreigners to “steal” their God given resource. And President Edgar Lungu’s pronouncement that gold cooperatives be allowed to deal with any genuine buyers and not only ZCCM-IH have elated the artisanal miners. Rufunsa’s Chimwetu Gold Mining Cooperative Chairman, Emmanuel Tembo said the pronouncement was… Read More Here

Mining in DRC New Mining Projects

Digital DRC Mining Week: Power to the mines

June 23, 2020June 24, 2020 Copperbelt Katanga News

Last week’s Digital DRC Mining Week, three days of live webinars with the Who-is-Who of Mining in the Democratic Republic of the Congo (DRC), included two special sessions dealing with the electricity needs of the mining sector. The online event from June 17 to 19 was a great success and brought together experts from the Minister of Mines of the Democratic Republic of the Congo, Prof. Willy Kitobo Samsoni, to mining pioneers like Dr. Willem Jacob and Pangea from Barrick Gold and the director of Alphamin, Boris Kamstra, were enough.… Read More Here