Nickel - Copperbelt Katanga Mining

Glencore banks on Anuri mine to extend life of Raglan nickel-copper project

March 3, 2024March 3, 2024 Constance

Glencore (LSE: GLEN) has inaugurated the Anuri mine, which will lengthen the Raglan nickel-copper project’s life for at least 20 years. The company says this is undertaking highlights its ongoing commitment to the local communities in which it operates. The Raglan mine, located in northern Quebec, began operations in 1997. It was the first mining project to sign an impact and benefits agreement with the local Indigenous bands. The mine’s name Anuri, which means “wind” in Inuktitut, was chosen by a committee of Raglan employees. The mine is part of… Read More Here

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Ivanhoe Mines Reveals 2023 Financials and Project Updates at BMO Global Metals Conference

February 28, 2024February 28, 2024 Constance

Ivanhoe Mines’ (TSX: IVN) (OTCQX: IVPAF) President Marna Cloete and Chief Financial Officer David van Heerden were pleased to present, ahead of the 33rd BMO Global Metals, Mining & Critical Minerals Conference in Hollywood, Florida, the company’s financial results for the year ended December 31, 2023, and provided an operations and project development update. Ivanhoe Mines is a leading Canadian mining company developing and operating its four principal mining and exploration projects in Southern Africa: expanding operations at the world-class Kamoa-Kakula Copper Complex (Kamoa-Kakula) in the Democratic Republic of Congo… Read More Here

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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

International Nickel

Nickel price hits two-year low

November 27, 2023November 27, 2023 Constance

Following international commodity market trends observed at the London Metal Exchange, it appears that nickel recorded a fall of 0.9% to trade at 16,405 US dollars per tonne – its lowest level since April 2021 – before to rebound to 16,405 US dollars, a drop of 0.2%. Experts say this is driven by ongoing concerns about oversupply putting pressure on the market. To this end, the most traded nickel contract in December on the Shanghai futures exchange closed down 3.2% at 127,720 yuan, equivalent to 17,711.58 US dollars per tonne.… Read More Here

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DRC Prime Minister Calls for EU Aid Against Illicit Mineral Exploitation at Global Gateway 2023 Forum

October 27, 2023October 27, 2023 Constance

Prime Minister Jean-Michel Sama Lukonde has successfully concluded his visit to Brussels, Belgium, where he represented the President of the Democratic Republic of Congo, Félix Antoine Tshisekedi Tshilombo, at the Global Gateway Forum held on October 25 and 26, 2023. His mission was to engage European private investors and encourage their participation in the development of the Democratic Republic of Congo, focusing on digital, energy, and ecological transitions. During the forum, the Prime Minister played a pivotal role in addressing significant development issues and formalizing agreements. He shared a summary… Read More Here

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Japan and UK to Jointly Invest in African Critical Minerals for Supply Chain Stability

September 10, 2023September 10, 2023 Constance

Japan and the UK have unveiled plans for joint investments in critical minerals in Africa, aiming to enhance the stability of their supply chains originating from the continent. This collaboration includes efforts to develop mines in African nations and establish a framework for discussing economic security at the ministerial level. The two countries intend to acquire mining sites and develop refining facilities while partnering with mineral-rich African nations to diversify their sources of supply. Japan, heavily dependent on China for crucial minerals like cobalt and nickel, is actively seeking partnerships… Read More Here

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Sibanye-Stillwater cuts gold, nickel and PGMs production for 2023

August 30, 2023August 30, 2023 Constance

SIBANYE-Stillwater announced cuts to production guidance for gold, nickel and platinum group metals (PGMs) owing to operational mishaps, a strike, and lower metal prices. Publishing his firm’s interim results for the six months ended June 30, Sibanye-Stillwater CEO Neal Froneman said steps had been taken to “minimize” the events. “The operating environment has been … demanding, with regional factors in our operating jurisdictions posing significant challenges,” he said. New gold production guidance of 625,000 to 660,000 ounces was 16% to 17% lower than forecast at the beginning of the year following a shaft… Read More Here

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Trafigura metal executive Grenfell exits as unit pressure grows

August 25, 2023August 25, 2023 Constance

Trafigura Group’s head of metals business development is leaving, the latest sign of the pressure facing the commodity trader’s metals unit even as the company as a whole notches up record profits. Simon Grenfell is leaving Trafigura after just over three and a half years in the role, according to his LinkedIn profile. The company has appointed Matthew Hadfield as its new global head of business development for metals, said a person familiar with the matter, who asked not to be identified as the information is private. Trafigura’s metals business,… Read More Here

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FQM COMMISSIONS NICKEL CONCENTRATOR & DIVERSIFIES ZAMBIA’S MINERAL PORTFOLIO

August 6, 2023August 6, 2023 Copperbelt Katanga News

KALUMBILA, ZAMBIA – The commissioning of the nickel concentrator at First Quantum Minerals’ Enterprise nickel mine in Kalumbila, North-Western Province last week, has marked a new dawn for Zambia’s mining industry, as it diversifies its mining portfolio, according to Mines and Minerals Development Minister Hon. Paul Kabuswe. The nickel processing plant, completed in 2016 and approved for environmental operation, has been on care and maintenance since then, awaiting favourable market conditions. However, with the global push for a green energy transition, rising demand for nickel, a key metal in this shift,… Read More Here

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Bill Gates-backed KoBold Metals is the Silicon Valley’s newest unicorn

June 22, 2023June 22, 2023 Constance

Berkeley-based mining company KoBold Metals has hit the $1 billion unicorn valuation, the Wall Street Journal reported. Its most recent $200 million round included money from Breakthrough Energy Ventures, a Bill Gates-backed venture capital firm that invests in clean energy companies on behalf of people including Jeff Bezos and Jack Ma. Founded in 2018, KoBold uses machine learning to look for deposits of critical minerals like copper, nickel, lithium and cobalt. “Our proprietary A.I. tools build on a concept we call efficacy of information (EOI), enabl KoBold to determine which data to… Read More Here