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The DRC & ZMB’s Top Mining News Platform
Mining Stories to Kick Start Your Week
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Critical Metals, has evolved from an explorer to a full-fledged copper producer in the Democratic Republic of Congo…
Critical Metals, a copper project developer, marked its evolution from an explorer to a full-fledged copper producer in the Democratic Republic of Congo (DRC) with the initiation of mining and processing operations at the Molulu project. The company anticipates positive operating cash flow in the fourth quarter. By the end of the financial year, Critical Metals employed 51 people in the DRC, 49 of… Read full details
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Zambian government signs an agreement that restores Vedanta’s ownership of Konkola Copper Mines (KCM)…
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In a significant development, Vedanta Resources and the Zambian government have put an end to a long-standing ownership dispute by reaching an agreement that restores Vedanta’s ownership of Konkola Copper Mines (KCM). This agreement brings closure to a protracted battle that had a negative impact on investments in the region. Zambia’s Mines Minister, Paul Kabuswe, presided over the signing of the… Read the full article
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Jiangxi Copper, First Quantum’s (TSX: FM) largest shareholder, has increased its stake in the Canadian miner…
Jiangxi Copper, First Quantum’s (TSX: FM) largest shareholder, has increased its stake in the Canadian miner, which is still reeling from the heavy losses caused by uncertainty regarding the future of its flagship copper mine in Panama. The Chinese miner grew its interest in First Quantum to 18.5% from 18.3%, after buying a total of 1.35 million shares this week. Panamanian legislators were very… Read full details
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KoBold Metals, is advancing toward potential investments in the Democratic Republic of Congo (DRC)…
KoBold Metals, a mining startup with the support of Bill Gates, is advancing toward potential investments in the Democratic Republic of Congo (DRC) while developing a copper project in Zambia. CEO Kurt House revealed that the company has submitted a bid for an undisclosed asset in the DRC, although the transaction did not materialize. House emphasized that the DRC offers a highly favorable environment… Read full details
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Ivanhoe Mines Addresses Media Reports on Trucking Strike in The DRC
Investigation into Alleged $10 Million Embezzlement at G camines Commences
Updated Dates Announced for AMC 2023 – a Shift for a Stronger Impact
South Africa President Deploys Army to Tackle Illegal Mining
Resumption of Copper Transport in The DRC Sparks Concerns Over Border Bottlenecks
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TFM achieved notable milestones, producing 69,755 tonnes of copper cathodes and 5,686 tonnes of cobalt hydroxide…
In the third quarter of 2023, Tenke Fungurume Mining (TFM) achieved notable milestones, producing approximately 69,755 tonnes of copper cathodes and 5,686 tonnes of cobalt metal in the form of cobalt hydroxide. The company’s tax and related payments to the National Treasury and other public administrative services of the Democratic Republic of Congo amounted to approximately USD 361.57 million… Read full details
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