CKM NEWSLETTER 11-12-2023

First Quantum Minerals and Zambia’s Mimosa Resources are poised to expedite the joint development of the Fishtie copper project in Zambia’s Central Province…

In a groundbreaking partnership, First Quantum Minerals and Zambia’s Mimosa Resources are poised to expedite the joint development of the Fishtie copper project in Zambia’s Central Province, near the border with the Democratic Republic of Congo. Having delved into exploration since 2012, the companies envision Fishtie commencing production in 2026 and targeting an annual copper output of 30,000 tonnes… Read full details

• MIBA Retirees Urge Payment of Overdue Salaries and Seek World Bank Support
• New ZCCM-IH Vice Board Chair Tours Mopani Copper Mines Plc Facilities
• Barrick Named Tanzania’s Employer of The Year
• President Hichilema Assures Support and Urges Hope Amid Trapped Miners’ Ordeal

• Successful Retrieval of Miner, Recovery of Another in Chingola’s Senseli Mine
• Sandvik Launches Unified Mining Automation with Automine® for Underground Drills

• FQM CEO Expresses Concerns Over Sustainability if Panama Operations Cease
• Zimbabwe Sets Deadline for Local Lithium Production Plans
• Progress on Tazara Corridor Deal Expected as Zambia Eyes Railway Expansion

• Anglo American Venture Traxiq to Disrupt Haulage Approach in Mining and Quarrying
• DRC: Lithium Prices Fall by Almost 90%, What is the Future of the Manono Lithium Project? 
• CFM Discusses Rail Links Between South-Zambia and Namibia
• MIBA Retirees Urge Payment of Overdue Salaries and Seek World Bank Support

The group budget for 2024 will quadruple to approximately $90 million…

Ivanhoe Mines Founder and Executive Co-Chair Robert Friedland and President Marna Cloete announced that the company is substantially increasing its group exploration activities and budget for 2024. The group budget for 2024 will quadruple to approximately $90 million, with exploration activities primarily focused on the 2,654-square-kilometre Western Foreland Exploration Project. The budget increase follows the… Read the full article

Chinese mining firms have significantly boosted cobalt production in the DRC in a bid to expand their market share…

Chinese mining firms have significantly boosted cobalt production in the Democratic Republic of the Congo (DRC) in a bid to expand their market share, intensifying the strain on a commodity facing a sharp price decline. Cobalt, a crucial component in electric vehicle (EV) batteries, is often combined with nickel to enhance the energy density of lithium-ion batteries. Yet, to address environmental… Read full details

A successful gemstone auction, raking in a total revenue of $69.5 million from the sale of 97 lots, comprising 239,591 carats of rough rubies…

Gemfields, renowned for its ruby and emerald mining, recently concluded a successful auction, boasting total revenues of $69.5 million from the sale of 97 lots, comprising 239,591 carats of rough rubies. The average price realized for the rubies stood at $290.02 per carat, marking a prosperous auction for the mining company. These rough rubies, extracted by Montepuez Ruby Mining (MRM), a joint venture… Read full details

• MIBA Retirees Urge Payment of Overdue Salaries and Seek World Bank Support
• New ZCCM-IH Vice Board Chair Tours Mopani Copper Mines Plc Facilities
• Barrick Named Tanzania’s Employer of The Year
  
• Successful Retrieval of Miner, Recovery of Another in Chingola’s Senseli Mine

Congo’s state mining group, Gecamines, is striving to secure rights to purchase copper and cobalt from mines it holds stakes in…

Congo’s state mining group, Gecamines, is striving to secure rights to purchase copper and cobalt from mines it holds stakes in. This move is part of its strategy to build up its own reserves and engage in the trading of these crucial metals. To achieve this goal, Gecamines seeks to revise certain terms within its joint venture agreements in the Democratic Republic of Congo (DRC), known as the world’s primary supplier of battery-grade cobalt… Read full details