CKM NEWSLETTER 08-01-2024

The first shipment of copper concentrate from the Kamoa-Kakula Copper Complex has arrived by rail at the Atlantic Ocean port of Lobito, in Angola…

Ivanhoe Mines announced on January 2nd that the first shipment of copper concentrate from the Kamoa-Kakula Copper Complex has arrived by rail at the Atlantic Ocean port of Lobito, in Angola. The first shipment is a part of the trial tonnage under the memorandum of understanding (MOU) signed between Lobito Atlantic International SARL (LAI or the Consortium) and Kamoa Copper S.A. on… Read full details

• Barrick and Antofagasta to Spend $95m Exploring for Copper in Chile
• IMF Approves $620.65m Budget Support for Six East African Nations
• ZDA Reports Record Investment Inflow for 2023,
• With US$ 6 Billion in the Mining Sector

• Africa Leads World’s Fastest-Growing Economies
• Epiroc Field Trials Battery-Electric Smartroc D65 BE Withcapital Limited

• TFM Paid Approximately USD 987 Million to the Public Treasury
• R union Gold Settles Alliance Dispute with Barrick Gold

• Burkina Faso: West African Resources Unlocks $100m for Kiaka Project
• BRICS Officially Welcomes 5 New Members
• Workers at FQM’s Shuttered Panama Mine Warn of Threat to ‘Invade’ Site
• Zambia’s Economy to Grow by 4 Percent
• TFM Paid Approximately USD 987 Million to the Public Treasury

The Canadian miner is reportedly exploring the sale of a stake in its Zambian copper mines…

Canadian mining company First Quantum Minerals (TSX: FM) is reportedly exploring the sale of a stake in its Zambian copper mines to alleviate financial strain following the enforced closure of its major copper mine in Panama. Rumors suggest that First Quantum Minerals is in discussions with the Chinese state-owned Jiangxi Copper Corp regarding the potential sale of its Zambian copper asset… Read the full article

The DRC council of state has dismissed the measures imposed on October 23, 2023, against four individuals, regarding an alleged embezzlement of over 25 million US dollars from G camines…

An interim order issued on December 14, 2023, by the Council of State has dismissed the first president of the Court of Auditors, scrapping the illicit measures imposed on October 23, 2023, against four individuals, including Albert Yuma Mulimbi, Deogratias Mutombo Mwana Nyembo, Jacques Kamenga, and Fredy Muganza, regarding an alleged embezzlement of over 25 million US dollars from G camines… Read full details

Vedanta Resources Limited clarified that it has not assumed managerial control at Konkola Copper Mines (KCM) until the scheme of arrangement concludes…

Vedanta Resources Limited clarified that it has not assumed managerial control at Konkola Copper Mines (KCM) until the scheme of arrangement concludes. Masuzyo Ndhlovu, Director of Corporate Communications at Vedanta Resources Zambia, explained that the scheme of arrangement denotes a legally approved agreement between a company and its creditors. Mr Ndhlovu elaborated that the scheme encompasses… Read full details

• Barrick and Antofagasta to Spend $95m Exploring for Copper in Chile
• IMF Approves $620.65m Budget Support for Six East African Nations
• ZDA Reports Record Investment Inflow for 2023, With US$ 6 Billion in the Mining Sector
• TFM Paid Approximately USD 987 Million to the Public Treasury
• R union Gold Settles Alliance Dispute with Barrick Gold

Barrick Chief Executive Officer Mark Bristow approached some of First Quantum’s largest investors late last year…

Barrick Gold Corp. has spoken with some of First Quantum Minerals Ltd.’s major investors to gauge their support for a potential takeover, after the sudden closure of its flagship mine left the Canadian copper producer reeling and wiped out more than half its market value. Barrick Chief Executive Officer Mark Bristow approached some of First Quantum’s largest investors late last year, according to… Read full details