New Mining Projects - Copperbelt Katanga Mining

Congo-Brazzaville: Kore Potash and Power China in talks for the construction of a potash mine 1

Kore Potash is eyeing the signing of an engineering, procurement, and construction (EPC) contract for its Kola potash project in the Republic of Congo, targeted for the 2nd quarter of 2024. The UK-based mining company revealed this information in its financial results released at the end of March. Discussions are currently in progress with the Power China group, which submitted a proposal in February 2024. Under an agreement reached in June 2022, Power China is tasked with developing a 2.2 million tonne processing plant to operate the mine over a… Read More Here

Mining in Zambia Exploration New Mining Projects

Koryx Copper Raises N$21 Million for Exploration Projects in Namibia and Zambia

March 30, 2024March 30, 2024 Constance

Koryx Copper Inc. has successfully raised N$21 million (C$1.505.250) through a private placement to fund further exploration projects in Namibia and Zambia, as well as for general working capital. The company offered 23,157,692 units at C$0.065 per unit, with each unit comprising one common share and one common share purchase warrant. Each warrant allows the holder to purchase one common share at an exercise price of $0.10 within thirty-six (36) months from the closing date of the private placement. All securities issued are subject to a mandatory four-month and one-day… Read More Here

Mining in Zambia Copper New Mining Projects

KoBold Metals Expedites High-Grade Copper Mine in Zambia

March 8, 2024March 8, 2024 Constance

KoBold Metals, a California-based metals exploration company with backing from billionaires Bill Gates and Jeff Bezos, is considering partnerships as it aims to expedite the development of a new copper mine in Zambia, with an estimated cost of around $2 billion. The Silicon Valley start-up, renowned for its use of artificial intelligence in prospecting for copper, cobalt, nickel, and lithium, is also contemplating a potential public listing of its shares within the next three to four years, according to Josh Goldman, its co-founder and president, as reported by Reuters. Initially… Read More Here

Copper Mining in Zambia New Mining Projects

Transformative Copper Venture Set to Energize Mumbwa Region in Zambia

February 28, 2024February 28, 2024 Constance

In a significant development poised to revitalize Central Province, a joint venture copper mine, the Kitumba Mine, is set to commence operations in Mumbwa with an initial infusion of US$500 million, promising to generate approximately 2,000 direct employment opportunities. Minister of Mines and Minerals Development, Paul Kabuswe, unveiled this promising venture during an interview on ZNBC’s Sunday Interview program, where he underscored the transformative impact expected in the mining sector. “Kitumba Mine, a collaborative effort between Zambian and British stakeholders, marks a turning point for the region,” Minister Kabuswe remarked.… Read More Here

Mining in Zambia Exploration New Mining Projects

Midnight Sun Partners with KoBold Metals to Explore Dumbwa Target in Zambia

February 21, 2024February 21, 2024 Constance

Midnight Sun Mining Corp. (TSX-V: MMA / OTCQB: MDNGF) has announced the signing of an earn-in agreement with KoBold Metals Company, marking a significant milestone in the exploration of the Dumbwa Target within the Solwezi Project in Zambia. KoBold Metals Company, renowned for its innovative approach to battery metal exploration, will undertake exploration activities on Dumbwa. Backed by investors such as Breakthrough Energy Ventures and Andreessen Horowitz, KoBold aims to leverage its advanced technology to accelerate the discovery of critical minerals. Under the agreement, KoBold can earn a 75% interest… Read More Here

Mining in Zambia Battery Metals Cobalt Copper Lithium New Mining Projects Nickel

ZCCM-IH and Kobold Mingomba JV Unveils Zambia’s Biggest Copper Find in a Century

February 6, 2024February 6, 2024 Constance

Yesterday, Joint venture partners ZCCM-IH and KoBold Metals, a Silicon Valley company using artificial intelligence to discover critical minerals for the electric vehicle and renewable energy revolutions, discussed the details of their recent copper discovery at the Mingomba deposit.“ZCCM-IH’s goal is to ensure that Zambia’s finite mineral resources are optimized and benefit the people of Zambia,” said ZCCM-IH Board Chair Mr. Kakenenwa Muyangwa. “ZCCM-IH is proud to be an active investor partnering with Kobold Metals in the Mingomba Deposit, which is well-positioned to help create new jobs, bring significant new… Read More Here

New Mining Projects Mining in Zambia

Baker McKenzie worked with ZCCM-IH on Mopani’s US$1.1 billion partnership with IRH

January 1, 2024January 1, 2024 arnbethnic

Baker McKenzie, a prominent global law firm, provided legal counsel to ZCCM Investments Holdings Plc in connection with its execution of an investment agreement with International Resources Holding RSC Limited (IRH), a leading mining entity in Abu Dhabi. The agreement entails IRH’s commitment to invest $1.1 billion in Mopani Copper Mines Plc (Mopani), a key copper mining operation in Zambia. The completion of the transaction is contingent upon the satisfaction of specific conditions precedent, including the restructuring of the longstanding relationship between Glencore International AG and Mopani. Mopani plays a… Read More Here

Mining in DRC New Mining Projects

Ivanhoe Mines to Quadruple 2024 Exploration Budget

December 7, 2023December 10, 2023 arnbethnic

Ivanhoe Mines Founder and Executive Co-Chair Robert Friedland and President Marna Cloete announced that the company is substantially increasing its group exploration activities and budget for 2024. The group budget for 2024 will quadruple to approximately $90 million, with exploration activities primarily focused on the 2,654-square-kilometre Western Foreland Exploration Project. The budget increase follows the November 28, 2023 announcement of the geologically significant, high-grade Kitoko copper discovery, as well as the maiden Mineral Resource estimates for the Makoko and Kiala high-grade copper discoveries, as announced on November 13, 2023, in the Western Forelands. The… Read More Here

Mining in Zambia Copper Mergers & Acquisitions New Mining Projects

Abu Dhabi’s IRH Selected as Strategic Partner to Revitalize Mopani Mine

December 1, 2023December 4, 2023 Constance

International Resources Holding RSC Limited (IRH), an affiliate of Abu Dhabi’s conglomerate International Holding Company PJSC (IHC), the UAE’s most valuable listed company and the GCC region’s second most valuable, has been chosen as the preferred strategic equity partner (SEP). IRH has set a strategy to invest in crucial minerals and establish a new entity covering the entire metals and mining supply chain. The proposed investment in Mopani Copper Mines (MCM) stands as IRH’s most substantial single investment so far. It signifies a pivotal move in their strategy to emerge… Read More Here

New Mining Projects Mining in DRC

Ivanhoe Mines Announces the KITOKO Sedimentary Copper Discovery in Western Foreland in the DRC

November 29, 2023November 29, 2023 Copperbelt Katanga News

Kitoko discovery includes drill hole DD008 intersecting 5.19 metres true width, grading 11.64% copper, at a 1% copper cut-off Kitoko is Ivanhoe’s fifth high-grade sedimentary copper discovery in the DRC Mineralogical characteristics of Kitoko are most similar to those of the tier-one Kakula copper orebody Discovery zone traced over a 1.9-kilometre strike and open in all directions Expanded drilling program continues around Kitoko and other Western Foreland targets Ivanhoe Mines Founder and Executive Co-Chair Robert Friedland and President Marna Cloete are excited to announce today that the company has made… Read More Here