Chinese mining giant CMOC expands DRC Kisanfu mine with $1.08B investment, strengthening global copper and cobalt leadership…
Chinese mining giant CMOC Ltd. is accelerating its growth in the Democratic Republic of Congo (DRC) with a $1.08 billion investment to expand its Kisanfu mine in Lualaba province. The second phase of operations, scheduled for completion in 2027, is expected to increase annual copper production by 100,000 tons, reinforcing CMOC’s position as a global copper leader. CMOC’s financial results in 2025… Read full details
Tertiary Minerals Raises 100,000 to Advance Mushima North Silver-Copper-Zinc Exploration in Zambia…
AIM-listed Tertiary Minerals has raised 100,000 before expenses through a share placing arranged by its joint broker, Peterhouse Capital. The placement involved 153.8 million new ordinary shares, issued exclusively to Stuart Packwood, a significant existing shareholder. Proceeds will be used to fund upcoming exploration work at the company’s Target A1 silver-copper-zinc prospect, part of the Mushima North Project…Read full details
Cobalt Exports from DRC Still on Hold as New Quota System Faces Delays, Disrupting Global EV Supply Chains…
The DRC, which supplies over 70% of the world’s cobalt, imposed a temporary export freeze earlier this year to limit supply and drive up prices. The move disrupted shipments to key markets, particularly China, the world’s largest cobalt consumer and a major player in electric vehicle (EV) battery production. Under the new framework, companies must obtain monthly export quotas from the… Read full details
Revival of Luanshya’s Shaft 28 Marks a New Era for Zambia’s Copperbelt…
Tremendous progress is underway at CNMC Shaft 28 in Luanshya, marking a historic revival for a mine that lay dormant for more than two decades. The project has become a symbol of Zambia’s mining resurgence under President Hakainde Hichilema’s administration. The site is on track to complete dewatering by December 2025, with copper production scheduled to resume in August 2026—a major milestone for… Read full details
Shuka Minerals Faces Further Delay in Funding for Kabwe Mine and Leopard Exploration Acquisition…
Aim- and AltX-listed Shuka Minerals has announced another delay in the release of funds required to finalize its planned acquisition of Leopard Exploration and Mining (LEM) and the Kabwe zinc mine in central Zambia. In a statement issued on October 16, the company said that Gathoni Muchai Investments (GMI) had informed it of a further delay in remitting the funds tied to the increased loan agreement… Read full details
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