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Category: Zinc

Ivanhoe's 100% Off-take of Kipushi’s zinc concentrate, with US$250 million facility supported by Glencore 1 Mining in DRC Zinc 

Ivanhoe’s 100% Off-take of Kipushi’s zinc concentrate, with US$250 million facility supported by Glencore

Constance
KIPUSHI, DEMOCRATIC REPUBLIC OF CONGO – Ivanhoe Mines Executive Co-Chair Robert Friedland and President Marna Cloete, together with Chairman Guy-Robert Lukama Nkunzi and General Manager Placide Nkala Basadilua of Gécamines, the Democratic Republic of Congo’s state-owned mining company, announced today the signing of an off-take and financing term sheet to return the historic Kipushi zinc-copper-lead-germanium mine to production. In addition, Ivanhoe is pleased to provide an update on construction activities for the restart of the ultra-high-grade zinc mine, which is on track for first concentrate in the third quarter of… Read More Here
Glencore to fund restart of world's highest grade zinc Mine at Kipushi 2 Mining in DRC Zinc 

Glencore to fund restart of world’s highest grade zinc Mine at Kipushi

Constance
Glencore and Ivanhoe Mines have entered into off-take and financing agreements to restart Kipushi, the highest grade zinc mine in the world, located in the Democratic Republic of Congo. Glencore will fund the operation with a $250 million loan, repayable by 2028, and will take all of the mine’s zinc concentrate for five years. Kipushi, which is 68% owned by Ivanhoe and the remainder held by state-owned Gécamines, will mine a global-leading 36% zinc over the first five years of production. The mine, which is near the Zambian border in… Read More Here
Ivanhoe Mines activity updates on Kipushi Zinc Mine in the DRC 3 Mining in DRC New Mining Projects Zinc 

Ivanhoe Mines activity updates on Kipushi Zinc Mine in the DRC

Constance
The Kipushi zinc-copper-germanium-silver-lead mine in the DRC is adjacent to the town of Kipushi, approximately 30 kilometres southwest of Lubumbashi on the Central African Copper Belt. Kipushi is approximately 250 kilometres southeast of the Kamoa-Kakula Copper Complex and less than one kilometre from the Zambian border. Ivanhoe acquired its 68% interest in the Kipushi Project in November 2011, through Kipushi Holding which is 100%-owned by Ivanhoe Mines. The balance of 32% in the Kipushi Project is held by the state-owned mining company, Gécamines. In Q1 2022, Kipushi Holding and Gécamines… Read More Here
In 2022, DRC's Zinc production reached 13,578.30 tonnes 4 Mining in DRC Zinc 

In 2022, DRC’s Zinc production reached 13,578.30 tonnes

Constance
Zinc production in the Democratic Republic of Congo (DRC) recorded, during the year 2022, a lower level than the year 2021. According to statistical data published by the Ministry of Mines, during the aforementioned period, mining industries operating in the Democratic Republic of Congo produced 13,578.30 tons of zinc. The same source indicates that during the year 2021, zinc production in the Democratic Republic of Congo was 16,079.39 tons. In 2022, the export volume of zinc was 13,578.30 tons against 16,079.39 tons the previous year. The zinc price is slightly… Read More Here
Zinc Production Falls as DRC Mining Companies Report 12,309 Tonnes in 2022. 5 Mining in DRC Zinc 

Zinc Production Falls as DRC Mining Companies Report 12,309 Tonnes in 2022.

Constance
Compared to the year 2021, zinc production in the Democratic Republic of Congo experienced a decline in 2022. For the whole of 2022, mining industries in the Democratic Republic of Congo (DRC) produced only 12,309 tonnes of zinc. This is indicated in the summary of statistical information from the Central Bank of Congo published in January 2023. The same document recalls that during the year 2021, the mining industries opening in the Democratic Republic of Congo (DRC) had recorded a production of around 16,079 tonnes of zinc. On the international market,… Read More Here
Glencore Copper Production Declines in 2022, Maintains 2023 Outlook 6 Copper Mining in DRC Zinc 

Glencore Copper Production Declines in 2022, Maintains 2023 Outlook

Constance
Yesterday,01.02.2023 Glencore reported a 12% decrease in copper output for 2022, due to challenges at its Katanga open-pit mine in the Democratic Republic of Congo. The London-listed miner and trader said it produced 1.06 million tonnes of copper last year, and kept its 2023 outlook unchanged at around 1.04 million tonnes. The disruptions at copper mines caused by extreme weather conditions, labor disputes, or declining ore grades have led companies to modify their 2023 production projections, posing a challenge as they search for minerals to support the growth of green… Read More Here
All mining products exported from the DRC are down this week on the international market 7 Copper Cobalt Mining in DRC Zinc 

All mining products exported from the DRC are down this week on the international market

admin
The general trend of mining products exported from the Democratic Republic of Congo (DRC) is bearish this week over the period from October 24 to 29, 2022. This is reported by the National Commission on Price Lists of the Ministry of Foreign Trade. According to this report, cobalt, which had for several weeks maintained its price above 51,000 USD per ton, should drop slightly this week to 51,260 USD per ton against 51,261.50 USD per ton last week. i.e. a slight drop of around -1.5 USD. On the same market,… Read More Here
copper on the rise but remains below USD 8,000 per tonne 8 Copper Cobalt Mining in DRC Zinc 

copper on the rise but remains below USD 8,000 per tonne

admin
This week from October 10 to 15, 2022, the mineral export products of the Democratic Republic of the Congo are showing an upward trend in the majority, according to projections by experts from the National Mercurial Commission of the Ministry of Foreign Trade. Copper is up this week at 7,604.30 USD per tonne against 7,506.80 USD per tonne last week, an increase of around 97.7 USD. Cobalt is also up this week at 51,261 USD per ton against 51,211 USD per ton last week, giving a positive price difference of… Read More Here
The price of cobalt is expected to trade lower this week at USD 51,265 per tonne 9 Cobalt Copper Mining in DRC Zinc 

The price of cobalt is expected to trade lower this week at USD 51,265 per tonne

admin
In addition to fears around possible supply tensions after the fire that occurred at the Nornickel site on September 14, 2022, cobalt should face a drop in prices this week on the international market. After having started the month of September 2022 well, cobalt is expected to fall this week to trade at 51,265 USD per ton against 51,267 USD per ton last week, a drop of 2 USD. According to the note from the experts of the Congolese Government’s National Commission on Market Prices, the general trend of the… Read More Here
With the exception of silver, prices for DRC mining export products are down this week from Sept 26 to 1 October 2022 10 Copper Cobalt Gold Mining in DRC Zinc 

With the exception of silver, prices for DRC mining export products are down this week from Sept 26 to 1 October 2022

admin
The general trend of the main mining export products of the Democratic Republic of the Congo is bearish on the international market in this week from September 26 to October 1, 2022, according to projections by the National Mercurial Commission of the Ministry of Foreign Trade. Only silver ore is showing an uptrend in the market this week. It is trading around USD 0.63 per gram against USD 0.61 per gram the previous week, a price increase of USD 0.02 recorded. Copper is down this week at 7,784.90 USD per tonne… Read More Here

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