Press Release - Copperbelt Katanga Mining

FQM WORKS WITH ZESCO TO EASE ENERGY PRESSURE

May 12, 2024May 12, 2024 Constance

First Quantum Minerals (FQM) is working with ZESCO to help source imported power and enable the state utility company to reduce the burden on the national grid. As Zambia’s largest copper producer, FQM operates the Kansanshi and Trident mines in North-Western Province, making a critical economic contribution to national export earnings, government revenue and employment. The company currently buys an average of 224,000 megawatt hours of electricity every month from ZESCO, which recently invoked the force majeure clause in its power supply agreements with some mines, signalling a need for… Read More Here

Mining in Zambia Emeralds Press Release

Kagem Mining welcomes national drive to upskill workforce

May 8, 2024May 8, 2024 Constance

LUFWANYAMA, ZAMBIA – On May 1, Kagem Mining Limited (Kagem) took part in the joint Labour Day celebrations, held at the Lufwanyama Boarding School Hall, which brought together representatives from government, mining companies, trade unions, as well as others operating in Lufwanyama, demonstrating its solidarity with the broader labour community across the district. At the occasion, Kagem welcomed the government’s call to bolster productivity in the workplace through continuous improvement and upskilling of staff to create an increasingly capable workforce. The Lufwanyama’s District Commissioner, Mr. Justin Mwalikwa, said, “In an… Read More Here

Mining in Zambia Copper Press Release

FQM SUPPORTS PRESIDENT’S CALL FOR SKILLS DEVELOPMENT TO COMBAT UNEMPLOYMENT

May 8, 2024May 8, 2024 Constance

First Quantum Minerals (FQM) has pledged its support for President Hakainde Hichilema’s call to advance skills development in mining communities to combat unemployment. Speaking during Labour Day celebrations attended by the President this week, FQM Trident Human Resource Manager Brighton Mwiinga said the mining firm wanted to ensure that its employees were at the centre of helping rebuild the recovery of the economy, through improved productivity in the mining sector. Mr Mwiinga explained that while possessing the right knowledge and key competencies for a job was crucial, a well-coordinated workforce… Read More Here

Press Release Mining in DRC

Ivanhoe Mines Releases 2024 Q1 Financials and Project Updates

May 3, 2024May 3, 2024 Constance

Kamoa-Kakula sold 85,155 tonnes of payable copper during the quarter and recognized revenue of $618 million, as well as EBITDA of $365 million Ivanhoe Mines recorded Q1 2024 loss of $69 million, primarily as a result of non-cash loss on convertible bonds due to 26% quarterly share price increase; normalized profit of $70 million and adjusted EBITDA of $126 million Kamoa-Kakula produced 86,203 tonnes of copper in Q1 2024; annual production guidance for Kamoa-Kakula maintained at between 440,000 to 490,000 tonnes of copper Kamoa-Kakula’s quarterly cost of sales total $1.50/lb.… Read More Here

Press Release International

Ivanhoe Mines announces redemption of $575 million 2.50% convertible senior notes due 2026

May 3, 2024May 3, 2024 Constance

Ivanhoe will reduce debt to below $150 million following redemption of the convertible notes VANCOUVER, CANADA – Ivanhoe Mines (TSX: IVN; OTCQX: IVPAF) (“Ivanhoe Mines” or the “Company”) has announced that it will redeem all of its outstanding 2.50% Convertible Senior Notes due 2026 (the “Notes”) on July 11, 2024 (the “Redemption Date”) at a price equal to 100% of the principal amount of the Notes redeemed plus accrued and unpaid interest on such Notes to, but not including, the Redemption Date (the “Redemption Price”). As at April 29, 2024,… Read More Here

Mining in Zambia Copper Press Release

ZCCM-IH Clarifies Misleading Claims Regarding Royalty Transactions with Kansanshi Mine

April 24, 2024April 24, 2024 Constance

ZCCM Investments Holdings Plc (ZCCM-IH) has issued a statement to address recent misinformation circulating on social media platforms concerning its royalty transactions with Kansanshi Mine. The company unequivocally refutes the claims made in the video/audio content, asserting that they are misleading, inaccurate, and lacking factual basis. First and foremost, ZCCM-IH emphasizes that it is not a shareholder in First Quantum Minerals (FQM) Group. Instead, the company holds an interest in Kansanshi Mine, where FQM is the majority shareholder. It is crucial to understand that the figures presented in the misleading… Read More Here

International Press Release

Ivanhoe Electric and Saudi Arabian Mining Company Ma’aden Complete First Full Quarter of Exploration Activities in Saudi Arabia

April 24, 2024April 24, 2024 Constance

Ivanhoe Electric and Saudi Arabian Mining Company Ma’aden Complete First Full Quarter of Exploration Activities in Saudi Arabia Initial 76 km2 Typhoon™ Survey on the Umm Ash Shalahib Exploration License Surrounding Ma’aden’s Al Amar Gold-Copper-Zinc Mine is Complete Computational Geosciences Rapidly Processed the Initial Typhoon™ Results and Identified Two High Priority Anomalies for Drill Testing Construction and Delivery of the First of Three New Generation Typhoon™ Units Ordered by the Joint Venture is Complete Next Stage Mapping and Sampling Commencing on Additional Joint Venture Lands in the Al Amar and Wadi… Read More Here

International Press Release Zinc

MMG releases 2024 First Quarter Production Report

April 24, 2024April 24, 2024 Constance

MMG Limited (MMG, the Company) yesterday 23rd April released its First Quarter Production Report for the three months ended 31 March 2024, producing 67,129 tonnes of copper and 59,247 tonnes of zinc. This follows the completion of the acquisition of the Khoemacau mine for an effective Enterprise Value of US$ 1,875 million, last month. This important acquisition aligns to MMG’s vision of creating a leading international mining company for a low carbon future and will create meaningful long-term value for MMG shareholders. MMG Interim CEO Liangang Li, noted: “Total copper… Read More Here

Mining in DRC Press Release

Ivanhoe Mines publishes 7th Annual Sustainability Report

April 18, 2024April 18, 2024 Constance

The 2023 Sustainability Report underscores Ivanhoe’s commitment to “Mining with a greater purpose” and its pursuit to be a global leader in responsible mining JOHANNESBURG, SOUTH AFRICA – Ivanhoe Mines (TSX: IVN; OTCQX: IVPAF) Yesterday published its seventh annual Sustainability Report, summarizing the company’s sustainability achievements, activities, and results during 2023. Ivanhoe Mines’ sustainability strategy is shaped by our ethos of “Mining with a greater purpose”. Ivanhoe aims to provide both the critical metals needed for the energy transition, as well as be an innovator in its approach to mining. The 2023 Sustainability… Read More Here

Mining in Zambia Copper Press Release

BEMETALS REPORTS FURTHER POSITIVE COPPER INTERVALS FROM 2023

April 9, 2024April 9, 2024 Constance

BeMetals Corp. (TSXV: BMET, OTCQB: BMTLF, Frankfurt: 1OI.F) (the “Company” or “BeMetals”) is has announced the remaining drilling results from its 2023 exploration program at the Pangeni Copper Project in Zambia (the “Project” or the “Property”). A new phase of core drilling has recently commenced to identify additional zones of higher-grade copper and expand the footprint of the mineralization within the priority D-Prospect area. Highlights: .D14-C1: Returned multiple zones of copper mineralization from a shallow, approximately 70 metres, vertical depth .D14-C1: Interval 1: 69.41 metres grading 0.25 % copper (“Cu”),… Read More Here