Zinc - Copperbelt Katanga Mining

Shuka Minerals Nears Completion of Kabwe Zinc Mine Acquisition in Zambia

March 14, 2025March 14, 2025 Constance0 comment

AIM-listed Shuka Minerals has secured nearly all regulatory approvals for its acquisition of Leopard Exploration and Mining, which includes Zambia’s Kabwe zinc mine. Only one approval remains outstanding from Zambia’s Competition and Consumer Protection Commission, which Shuka expects to receive in the second quarter. In December, the company signed a conditional share purchase agreement to acquire 100% of Leopard’s share capital through a cash-and-share transaction. The acquisition was initially set to close by March 13, pending regulatory approvals and the successful completion of a debt or equity capital raise. However,… Read More Here

Mining in DRC Copper Press Release Zinc

Ivanhoe Mines Reports Strong Copper and Zinc Production in the First Two Months of 2025

March 9, 2025March 9, 2025 Constance0 comment

Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Executive Co-Chairman Robert Friedland and President & Chief Executive Officer Marna Cloete announced an update on year-to-date production at the Kamoa-Kakula Copper Complex in the Democratic Republic of the Congo (DRC) and the ultra-high-grade Kipushi zinc mine, also in the DRC. Kamoa-Kakula delivered near-record copper production in January of 45,477 tonnes and 40,849 tonnes during the shorter month of February. Daily copper production averaged over each month totaled 1,467 tonnes per day (tpd) in January and 1,459 tpd in February. These achievements are just… Read More Here

Mining in Zambia Corporate News Mergers & Acquisitions New Mining Projects Zinc

Shuka Minerals Advances Kabwe Zinc Mine Acquisition and Redevelopment

February 17, 2025February 17, 2025 Constance

AIM-listed Shuka Minerals is making significant progress toward acquiring and redeveloping the Kabwe zinc mine in Zambia, with a newly appointed board overseeing the process. In a corporate and operational update on February 14, CEO Richard Lloyd reaffirmed the company’s commitment to unlocking Kabwe’s full potential. He noted strong support from potential funders, with various financing options under consideration. However, he emphasized the need for well-structured budgeting and timelines to ensure the project’s success. Shuka’s planned acquisition of Zambian mining and exploration company Leopard Exploration and Mining (LEM) follows a… Read More Here

International Corporate News Zinc

Trafigura’s Zinc Withdrawal Sparks Price Surge on LME

November 28, 2024November 28, 2024 Constance

Trafigura Group, a major player in the global zinc market, has triggered a rally in zinc prices by ordering the withdrawal of thousands of tons of the metal from London Metal Exchange (LME) warehouses, according to sources familiar with the situation. Orders for zinc withdrawals surged by 97,225 tons over two days—the largest spike in more than a decade—leaving less stock available for other buyers. This shortage has supported a 5.5% increase in zinc prices this week, with the metal trading 1.8% higher at $3,129.50 per ton on Wednesday. Trafigura,… Read More Here

Mining in DRC New Mining Projects Zinc

Jean-Lucien Busa Highlights Strategic Impact of Kipushi Mine Revival in DRC

November 21, 2024November 21, 2024 Constance

During the inauguration of the Kipushi Company (KICO) zinc production plant in Kipushi, Haut-Katanga, Minister of Portfolio Jean-Lucien Busa underscored the project’s strategic importance to the Democratic Republic of Congo’s (DRC) economy. This partnership between state-owned Gécamines and Ivanhoe Mines positions the DRC as Africa’s top zinc producer and strengthens the government’s economic influence. “This initiative makes the DRC the leading zinc producer in Africa and boosts the State portfolio, enhancing its assets, capacities, and influence within the Congolese economy,” Minister Busa remarked. He praised President Félix Tshisekedi’s vision, reflected… Read More Here

Mining in DRC New Mining Projects Zinc

DRC President Relaunches Kipushi Corporation to Boost Zinc Production and Jobs

November 21, 2024November 24, 2024 Constance

Democratic Republic of Congo (DRC) President Félix Tshisekedi announced the official relaunch of Kipushi Corporation (Kico SA) on Sunday during a meeting in Lubumbashi. Located in Kipushi, a mining town in Haut-Katanga, the company’s revival is expected to boost job creation and elevate the town’s global profile through zinc production, which is in high demand across industries. “Kipushi will experience a revival,” Tshisekedi stated. “Hundreds, even thousands, of direct and indirect jobs will be created. This activity will put Kipushi on the world map, as zinc remains a highly sought-after… Read More Here

Mining in DRC New Mining Projects Zinc

Kipushi Mine Resumes Operations as a Global Leader in Zinc Production

November 20, 2024November 20, 2024 Constance

After a 30-year hiatus, the Kipushi mine in Haut-Katanga, located 30 kilometers from Lubumbashi, has officially resumed operations. Known as the world’s highest-grade zinc mine, it now boasts a state-of-the-art concentrator capable of processing 800,000 tonnes of ore annually. This facility, completed in May 2024, achieved its first zinc concentrate production in June 2024. The mine, which ceased operations in 1993, is targeting 2024 production levels of 50,000 to 70,000 tonnes of zinc in concentrate. Its modern concentrator employs advanced grinding and flotation technologies, achieving a recovery rate of 96%… Read More Here

Mining in Zambia Copper Mining tax Zinc

ZRA Recovers Over K1.4 Million from Stephane Mining Imports and Exports Limited for Tax Evasion

September 8, 2024September 8, 2024 Constance

The Zambia Revenue Authority (ZRA) has successfully recovered K1,493,307.52 from Stephane Mining Imports and Exports Limited following the company’s conviction by the Economic and Financial Crimes Court in Kitwe for tax evasion. Between January 1 and March 30, 2024, Stephane Mining Imports and Exports Limited falsified export documents, misrepresenting Zinc Ore as Zinc concentrate to evade taxes. The ZRA intercepted six trucks transporting the misdeclared ore, uncovering the tax evasion scheme. After entering into a plea negotiation, the company has fully paid the evaded taxes and reimbursed K100,000 in prosecution… Read More Here

Mining in DRC Cobalt Copper Zinc

Energy Deficits and Production Challenges Impact DRC’s Mining Sector

May 20, 2024May 20, 2024 Constance

From 2022 to 2023, mining production in the Democratic Republic of Congo (DRC), particularly in the Haut-Katanga province, experienced both growth and stagnation due to numerous challenges, especially the energy deficit linked to the deteriorating network of the national electricity company (SNEL). During the general and elective assembly of the Federation of Congolese Enterprises (FEC), Patrick Muland Kabey, re-elected as provincial President, acknowledged that the mining sector has seen delayed growth over the past two years. According to FEC statistics, mining products such as cobalt and copper, which are critical… Read More Here

International Cobalt Nickel Zinc

Glencore Eyes Investment in Nigeria’s Mining Sector Amid Government Push for Growth

April 28, 2024April 28, 2024 Constance

Commodities giant Glencore (LON: GLEN) announced on Friday its interest in investing in Nigeria’s mining sector, contingent upon the government ensuring a stable business environment. CEO Gary Nagle, who held discussions with Nigeria’s Minister for Solid Minerals, Dele Alake, expressed particular interest in nickel, cobalt, zinc, and other metals. The timing of this visit aligns with Nigeria’s efforts to attract foreign investors to its underdeveloped mining sector. Alake emphasized the federal government’s commitment to attracting major international companies to drive the growth of the mining sector, drawing parallels with its… Read More Here