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Category: Press Release

HARNESSING ZAMBIA’S MINES FOR CLIMATE CHANGE INVESTMENT: A GREEN INITIATIVE TAKES ROOT 1 Mining in Zambia Copper Environment Social Governance (ESG) Press Release 

HARNESSING ZAMBIA’S MINES FOR CLIMATE CHANGE INVESTMENT: A GREEN INITIATIVE TAKES ROOT

Constance
Zambia, renowned for its abundant mineral resources, is now emerging as a potential leader in climate change investment. However, in recent years, Zambia’s landscape has not been spared the effects of climate change, from erratic weather patterns to dwindling natural habitats. Amidst these challenges, a beacon of hope emerges: the role of mines as potential investors in climate change programmes. In a ground-breaking move, several mining companies operating within Zambia have begun to recognise their role in combating climate change and have taken proactive steps to invest in sustainable initiatives.… Read More Here
Ivanhoe Mines Completes Construction of Kamoa-Kakula’s Phase 3 Concentrator Ahead of Schedule and on Budget 2 Mining in DRC Copper Press Release 

Ivanhoe Mines Completes Construction of Kamoa-Kakula’s Phase 3 Concentrator Ahead of Schedule and on Budget

Constance
First ore to Phase 3 concentrator achieved on May 26; first Phase 3 concentrate expected in early June Phase 3 concentrator increases Kamoa-Kakula copper production capacity to more than 600,000 tonnes per annum, making Kamoa-Kakula the fourth-largest copper mining complex globally Further Kamoa-Kakula growth initiatives in progress, including Project 95, de-bottlenecking of Phase 3 and potential acceleration of Phase 4 expansion Zero lost-time injuries recorded during the construction of the Phase 3 concentrator Phase 1 and 2 concentrators produced more than 63,000 tonnes of copper since start of April; a… Read More Here
BeMetals Discovers Extensive Copper Mineralization in Zambian Copperbelt 3 Copper Exploration Mining in Zambia New Mining Projects Press Release 

BeMetals Discovers Extensive Copper Mineralization in Zambian Copperbelt

Constance
BeMetals Corp. (TSXV: BMET, OTCQB: BMTLF, Frankfurt: 1OI.F) (the “Company” or “BeMetals”) has announced that three of four new core holes have intersected significant copper sulphide mineralization at the Pangeni Copper Project in Zambia (the “Project” or the “Property”).  Today’s new analytical results support and enlarge the Company’s discovery of extensive zones of copper mineralization covering more than 1.7 kilometres of strike length under sand cover. Importantly, the copper mineralization bears many of the hallmarks in terms of style, width, grade, and geology to deposits that are mined in the Domes… Read More Here
Gemfields aids authorities in securing prison sentences for bribery totalling 5 years 9 months 4 Mining in Zambia Emeralds Press Release 

Gemfields aids authorities in securing prison sentences for bribery totalling 5 years 9 months

Constance
The former chief of staff to Andry Rajoelina, the President of Madagascar, was jailed for three and a half years by a London court on Friday 10 May 2024 for soliciting a bribe from Gemfields, the 75% owner of Kagem Mining Ltd. The former chief of staff, Romy Andrianarisoa (47) and her French accomplice, Philippe Tabuteau (54) sought nearly USD 300,000 by wire transfer plus 5% of any Gemfields mining operation in Madagascar in return for assisting Gemfields in establishing a gemstone joint venture in the country. Tabuteau, who had… Read More Here
Sandvik Coromant enhances sustainability insights with Productivity Analyzer 5 International Equipment & Technology Mining Equipment Press Release 

Sandvik Coromant enhances sustainability insights with Productivity Analyzer

Constance
Tooling solutions provider Sandvik Coromant introduces advanced sustainability features in its Productivity Analyzer tool, enabling precise measurement of energy consumption and carbon footprint for customers in the manufacturing industry. The updated analyzer offers detailed sustainability metrics, including energy usage per manufactured component, yearly energy consumption and CO2 emissions. New parameters such as efficiency and energy cost empower manufacturers to optimize operations for reduced environmental impact. Trials with a leading automotive manufacturer demonstrated a significant 15% increase in productivity, credited to the analyzer’s comprehensive analysis capabilities. By analyzing machine and tool costs… Read More Here
FQM WORKS WITH ZESCO TO EASE ENERGY PRESSURE 6 Mining in Zambia Copper Electricity Press Release 

FQM WORKS WITH ZESCO TO EASE ENERGY PRESSURE

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
Kagem Mining welcomes national drive to upskill workforce 7 Mining in Zambia Emeralds Press Release 

Kagem Mining welcomes national drive to upskill workforce

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
FQM SUPPORTS PRESIDENT’S CALL FOR SKILLS DEVELOPMENT TO COMBAT UNEMPLOYMENT 8 Mining in Zambia Copper Press Release 

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

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
Ivanhoe Mines Releases 2024 Q1 Financials and Project Updates 9 Press Release Mining in DRC 

Ivanhoe Mines Releases 2024 Q1 Financials and Project Updates

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
Ivanhoe Mines announces redemption of $575 million 2.50% convertible senior notes due 2026 10 Press Release International 

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

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

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