CKM NEWSLETTER 14-06-2021

Kamoa Copper has signed off-take agreements…

Kamoa Copper has signed off-take agreements with CITIC Metal (HK) Limited (CITIC Metal) and Gold Mountains (H.K.) International Mining Company Limited, a subsidiary of Zijin, for 50% each of the copper products from Kamoa-Kakula’s Phase 1 production. The off-take agreements are evergreen for the production volumes from Phase 1, including copper concentrate and blister copper resulting from process… Read full article

Read Also; DR Congo Diamond Mining Giant Struggles to Revive its Glory Days

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                More top mining stories

• Australian Mining Firm Hopes to Expands its Business in Kenya
• Codan Finally Sells Minetec to Caterpillar for $14 Million After Three Year Collaboration
• Copper Price Retreats on Chinese Price Curb Concerns
• Copper Price Rises on Supply Woes, Firm Demand Outlook

• DR Congo Diamond Mining Giant Struggles to Revive its Glory Days
• DRC: NGOs Demand Interministerial Decree on 0.3% Allocation for Community Development in Mining Areas
• Epiroc Targets ‘Connectivity Bottleneck’ with 3D-P Acquisition
• Gold Price: Investors Flock Back to ETFS on Inflation Concerns
• Hype Around 29metals Plus Strong Copper Price Good for Castillo
• Iron Ore Price Down as Chinese Imports Fall
• Ivanhoe Mines Issues Fourth Sustainability Report Showcasing Achievements Toward Becoming a Global ESG Leader
• Metso Outotec Wins DC Smelting Furnace Order
• Sandvik Expects Bigger Market for Battery-Driven Mining Gear in Two to Three Years

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Huaxin takes over control of Zambia’s largest cement name

China’s Huaxin Cement is set to increase its footprint in Africa following its recent acquisitions in East Africa (Tanzania) where it bought off debt – laden Athi River Cement – ARM unit, Maweni Limestone Limited through paying off its $116-million worth of obligations and injecting $30-million into the completion and upgrade of its production factory. The Chinese Cement giant has extended to… Read full article  

Ø     Read Also: Ivanhoe Mines Issues Fourth Sustainability Report Showcasing Achievements Toward Becoming a Global ESG Leader

DR Congo holds the key to greening the global economy…

An African nation emerging from decades of conflict and corruption holds the key to greening the global economy. That’s the view of mining magnate Robert Friedland, whose Kamoa-Kakula venture just started producing copper in the Democratic Republic of the Congo. After scouring 59 countries over more than three decades, the Canadian billionaire says Congo has the world’s best deposits of the… Read full article

Loncor Resources has changed its name to Loncor Gold…

TSX-listed Loncor Resources has changed its name to Loncor Gold in order to better brand the company’s business as a gold exploration company. Loncor is a Canadian gold exploration company focused on the Ngayu Greenstone Gold Belt in the northeast of the Democratic Republic of the Congo (DRC).  Loncor’s growing resource base in the Ngayu Belt currently comprises the Imbo and Makapela Projects… Read full article

• Ivanhoe Mines Issues Fourth Sustainability Report Showcasing Achievements Toward Becoming a Global ESG Leader
• Metso Outotec Wins DC Smelting Furnace Order
• Sandvik Expects Bigger Market for Battery-Driven Mining Gear in Two to Three Years
• South32 Renews Delta Drone’s Contract in South Africa

The report highlights the shortcomings of the Regulation and the general lack of transparency…

A coalition of European NGOs working on responsible mineral sourcing today publishes a report taking stock of the implementation of the European Conflict Minerals Regulation by the Member States of the European Union (EU) . The report highlights the shortcomings of the Regulation and the general lack of transparency which prevents effective monitoring of companies… Read full article

Copper demand is set to explode with the rise in renewables technology…

Demand is set to explode with the rise in renewables technology, but years of under-investment threaten to leave supply short. Kamoa-Kakula in the Democratic Republic of Congo is a rare commodity in the modern resources industry: a high-grade copper mine that one day could produce enough metal to satisfy more than 5 per cent of China’s annual demand. Surrounded by small villages, the mine… Read full article

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• Australian Mining Firm Hopes to Expands its Business in Kenya
• Codan Finally Sells Minetec to Caterpillar for $14 Million After Three Year Collaboration
• Copper Price Retreats on Chinese Price Curb Concerns
• Copper Price Rises on Supply Woes, Firm Demand Outlook