| DRC & Zambian top mining news Our most read stories this week 
| The DRC through Kamoa Kakula Can Shake Up The Global Hierarchy Of Copper Producers… According to data from the Fich Solutions research agency on forecasts of copper mining production in the world this year and the rest of the decade, the DRC will grow by 6.9% in 2021, driven by the entry into production from the Kamoa-Kakula mine. The asset owned by Ivanhoe Mines already confirms the expectations placed on it and can potentially help the DRC to overtake its competitors in the… Read full article Ø Read Also; Kula Resources Aspires to Revolutionize Zambian Small-Scale Mining | Sponsored advertisement | More top mining stories | |  | | | | | | |
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| FQM rescinds plans to sell stake in its Zambian copper mines… | First Quantum Minerals (TSX: FM) has shelved plans to sell a stake in its Zambian copper mines, chief operating officer Tristan Pascall said on Wednesday. China’s Jiangxi Copper had been speculated as a potential suitor for minority interests in First Quantum’s Kansanshi and Sentinel mines. First Quantum on Tuesday flagged rising costs on the back of higher Zambian royalty rates driven by in… Read full article Ø Read Also: Egypt, Barrick Gold Sign Four Contracts for Gold Exploration |
| Glencore’s zinc, cobalt and copper production rose “modestly” in the first half of the year… Glencore’s zinc, cobalt and copper production rose “modestly” in the first half of the year, compared to the same period in 2020, as operations recovered from Covid-related suspensions. Copper production rose 2% to 598,000 tonnes, while zinc output increased by 6% or 31,700 tonnes to 581,800 tonnes. Glencore produced 13,000 tonnes of cobalt from its own sources in the first half of the year… Read full article | 
| The first 25 years of First Quantum Minerals… Twenty-five years ago this month, the company that would grow to become Zambia’s largest copper miner – First Quantum Minerals (FQM) – was born. It was during the privatisation era of the 1990s that the FQM CEO and Chairman Philip Pascall and local businessman Lamaswala Kwalela came up with the idea to set up a mine, after the duo’s initial plan to venture into agriculture and animal ranching… Read full article | |  |
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| Cobalt and zinc are on the price rise according to forecasts by the National Commission of Mercuriales… The majority of the DRC’s export mining products show a downward price trend on the international market. Only cobalt and zinc are on the rise during this week from July 26 to 31, 2021, according to forecasts by the National Commission of Mercuriales of the DRC’s Ministry of Foreign Trade. Cobalt is trading this week at $ 52,482.00 per tonne versus $ 50,458.00 per tonne last week, a positive… Read full article | 
| A Chinese company that exploited the precious materials in the Aruwimi River left without a trace… The vice-president of the civil society of the territory of Bafwasende in the province of Tshopo, Mr. Philémon Tango staying in Kisangani, told the local press last weekend, that a Chinese company that exploited the precious materials in the Aruwimi River left without a trace. During 2 years of gold mining, this company did not respect the specifications of the local community, as required by… Read full article |
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