New Mining Projects - Copperbelt Katanga Mining

Montage Gold Secures $825 Million for Construction of Côte d'Ivoire's Largest Gold Mine 1

Montage Gold has successfully raised $825 million in Côte d’Ivoire to finance the construction of the country’s largest gold mine, which is expected to achieve an annual production capacity of 301,000 ounces during its first eight years of operation. This project is set to significantly bolster gold production in Ivory Coast in the long term. In a press release dated October 24, 2024, Montage announced that the funding was secured through a combination of loans and advance sales of future gold production. This financing involved collaboration with one of its… Read More Here

Mining in Zambia Battery Metals Lithium New Mining Projects

First Africa Metals Confirms High-Grade Lithium at Misika Project in Zambia

October 7, 2024October 7, 2024 Constance

UK-based mining exploration company First Africa Metals has reported that rock chip sampling has confirmed exceptionally high-grade lithium-bearing pegmatites at its Misika project in Zambia’s Southern Province. Independent laboratory analysis of the rock chip samples, along with X-ray diffraction (XRD) data, reveals that outcropping pegmatites from existing shallow artisanal open pits contain spodumene, montebrasite, pollucite, and lepidolite. The highest-grade lithium-bearing samples (>7% lithium oxide) consist primarily of montebrasite, a lithium ore noted for its low impurity levels. The Misika pegmatite zone is currently identified as approximately 1 km wide with… Read More Here

Mining in Uganda New Mining Projects

Uganda Establishes State-Owned Mining Company to Enhance Mineral Value

October 7, 2024October 7, 2024 Constance

Uganda has established a state-owned mining company to oversee the government’s equity interests in mining operations, announced Ruth Nankabirwa, the Minister for Energy and Mineral Development. Historically, all mining activities in the East African nation have been conducted by private firms operating under exploration and mining licenses. However, a new mining law approved in 2022 allows the government to compulsorily acquire a 15% free carry stake in all mining operations in Uganda. This initiative is part of broader efforts to increase the country’s share of the value derived from its… Read More Here

Mining in DRC Copper New Mining Projects

Zijin Mining Eyes Major Expansion of Kamoa-Kakula Copper Mine in the DRC

September 29, 2024September 30, 2024 Constance

China’s Zijin Mining Group Co. is considering a significant expansion of the Kamoa-Kakula copper mine in the Democratic Republic of Congo (DRC), which could make it one of the largest copper sources globally. The company’s chairman, Chen Jinghe, revealed plans to boost production to 1 million tonnes annually—well above the current target of 600,000 tonnes—potentially challenging BHP Group’s aging Escondida mine in Chile, the world’s largest copper mine. “We are conducting research and making plans to achieve 1 million tonnes of production,” said Chen in an interview at Zijin’s headquarters… Read More Here

Mining in Zambia Cobalt Copper New Mining Projects

Zambia’s New $30 Million Copper and Cobalt Mine Set to Open in Mufulira District

September 28, 2024September 28, 2024 Constance

A $30 million copper and cobalt mine is set to open in Mufulira District, located in Zambia’s Copperbelt Province. Chilibwe Mine, which will be positioned off the Ndola-Mufulira road, is expected to operate for a lifespan of 10 years. The mine covers an area of 20 hectares and aims to produce 2,000 metric tonnes of copper and cobalt each month. This initiative aligns with President Hakainde Hichilema’s goal to ramp up copper production to 3 million tonnes per annum by 2032. In a recent scoping meeting in Mufulira, the mine’s… Read More Here

Mining in Zambia Copper Corporate News New Mining Projects

Mopani Copper Mines Aims to Become Global Leader with New Vision and Strategy

September 23, 2024September 29, 2024 Constance

Mopani Copper Mines PLC has unveiled a bold new corporate vision, targeting to become a global leader in the copper production and mining value chain. The updated vision, “To become a world champion mine through BEST values,” replaces the previous goal of being a “world-class mining operation.” This shift reflects the company’s evolving strategic ambitions under the leadership of its new majority shareholders, International Resources Holding (IRH), who have set a target to increase copper production from the current 65,000 tonnes to 225,000 tonnes annually within the next four years.… Read More Here

Mining in DRC Exploration New Mining Projects

EGC Reports Strong Exploration Results in DRC’s Tombolo and Kanunka Blocks

September 22, 2024September 23, 2024 Constance

Enterprise Générale du Cobalt (EGC) has announced promising exploration results from its leases in the Tombolo and Kanunka blocks in Lualaba province, Democratic Republic of Congo (DRC). In collaboration with Cobalt for Development (C4D) and funded by BASF, BMW, Samsung SDI, STIHL, and Volkswagen Group, EGC has initiated a comprehensive exploration program. This includes geological mapping, surface and subsurface soil and rock sampling, and drilling target identification Initial analyses show significant mining potential for copper and cobalt in the Tombolo and Kanunka blocks, which cover a total area of 2.51… Read More Here

Mining in Zambia Cobalt Copper New Mining Projects

$30 Million Copper and Cobalt Mine Set to Boost Production in Zambia’s Copperbelt

September 22, 2024September 22, 2024 Constance

A new $30 million copper and cobalt mine, Chilibwe Mine, is set to begin operations in Mufulira District, Copperbelt Province. The mine, located off the Ndola-Mufulira road, spans 20 hectares and is expected to produce 2,000 metric tonnes of copper and cobalt per month over its projected 10-year lifespan. This venture aligns with President Hakainde Hichilema’s vision to increase Zambia’s copper output to 3 million tonnes annually by 2032. At a recent scoping meeting in Mufulira, Chilibwe Mine’s management engaged key stakeholders to discuss the project’s potential environmental and social… Read More Here

Mining in Zambia Copper Exploration New Mining Projects

Midnight Sun Mining Expands Copper Exploration Near Kansanshi Mine

September 21, 2024September 22, 2024 Constance

Canadian exploration company Midnight Sun Mining has launched a new exploration phase at the Kazhiba target on its Solwezi property in Zambia. This initiative is part of the company’s ongoing cooperative exploration agreement with First Quantum Minerals, aimed at identifying near-surface oxide copper resources to supply the nearby Kansanshi mine, located less than 10 km away. The exploration program involves 3,000 meters of reverse circulation drilling, partial ionic leach sampling, and an induced polarization survey, all designed to evaluate the high-grade oxide copper blanket at Kazhiba. Midnight Sun President and… Read More Here

Mining in Zambia Copper New Mining Projects

Mimosa Resources Secures $3 Million for Zambia’s Kashime Copper Mine Development

September 19, 2024September 19, 2024 Constance

Zambian mining company Mimosa Resources has secured a $3 million investment from Australian Stock Exchange-listed Zeta Resources for the development of its Kashime copper mine near Mkushi in Central Province. The funding will support final feasibility studies and preparatory work at the site. Mimosa Resources’ Executive Chairman, Jordan Soko, expressed confidence in the project, highlighting that Zeta’s investment reflects strong belief in Mimosa’s potential and the local expertise driving the Kashime mine. He noted the mine’s critical role in helping Zambia achieve its goal of producing 3 million tonnes of… Read More Here