Breaking News
Prospect Resources Unveils Maiden Resource Estimate for Zambia’s Mumbezhi Copper Project 21 Mining in Zambia Copper New Mining Projects 

Prospect Resources Unveils Maiden Resource Estimate for Zambia’s Mumbezhi Copper Project

Constance
ASX-listed Prospect Resources has announced a maiden mineral resource estimate (MRE) of 107 million tonnes at 0.5% copper, containing a total of 515,000 tonnes of copper at its Mumbezhi copper project in Zambia. The resources are distributed across the Nyungu Central and Kabikupa deposits. The MRE includes: Gold and cobalt resources at Mumbezhi have not yet been classified under the Joint Ore Reserves Committee (JORC) guidelines due to historical inconsistencies in cobalt assays and limited gold assay data. Additionally, comprehensive metallurgical testwork to assess potential recoveries of these byproducts has… Read More Here
Panama Demands First Quantum Drop Legal Action for Mine Talks 22 International Copper Corporate News 

Panama Demands First Quantum Drop Legal Action for Mine Talks

Constance
Panama is urging First Quantum Minerals (TSX: FM) to immediately withdraw its legal proceedings against the government if the company is serious about negotiating a restart of its shuttered Cobre Panama mine. President Jose Raul Mulino announced that he has authorized the export of stockpiled copper concentrate from the open-pit mine, adding that First Quantum must compensate Panama since the material will be processed abroad. “The concentrate is being wasted, and Panama has invested heavily in it,” Mulino stated during a press conference in Panama City. “The mine’s future will… Read More Here
Alphamin Halts Mining at Bisie Tin Mine Amid DRC Conflict 23 Mining in DRC Regional conflict Tin 

Alphamin Halts Mining at Bisie Tin Mine Amid DRC Conflict

Constance
TSX-V and JSE-listed Alphamin Resources has temporarily suspended mining operations at its Bisie tin mine in the Democratic Republic of Congo (DRC) due to escalating conflict in the region. The company reported that insurgent militant groups advanced westward toward the mine site on March 9, posing a significant security risk. Prioritizing the safety of its employees and contractors, Alphamin stated that operations will remain suspended until the situation stabilizes. Only essential personnel remain on-site to oversee care, maintenance, and security. Alphamin also confirmed that peace talks between the governments of… Read More Here
Panama Clears First Quantum to Export Stockpiled Copper 24 International Copper 

Panama Clears First Quantum to Export Stockpiled Copper

Constance
First Quantum Minerals has received approval to begin exporting stockpiled copper from its halted Cobre Panama mine, signaling a possible shift toward negotiations for a restart. Panama’s President, José Raúl Mulino, announced on Thursday that he had authorized the shipment of copper concentrate accumulated at the mine, which has been shut down since late 2023. “I authorized the removal of the material that is just sitting there. It’s being wasted, and Panama has invested a significant amount of money in it,” Mulino stated. He added that First Quantum must reimburse… Read More Here
Anglo American to Cut More Jobs Amid Restructuring 25 International Corporate News 

Anglo American to Cut More Jobs Amid Restructuring

Constance
Anglo American is planning further job cuts at its corporate offices as it moves forward with asset sales and the planned spin-off of its platinum business. According to sources familiar with the matter, employees likely to be affected have been notified, though no official announcement has been made. The company confirmed that the job reductions align with its ongoing restructuring efforts, adding that consultations are still in the early stages and the exact number of affected employees has yet to be determined. Anglo began restructuring last year after fending off… Read More Here
Tanzania Seeks to Import 100MW of Ethiopian Power via Kenya 26 Electricity International 

Tanzania Seeks to Import 100MW of Ethiopian Power via Kenya

Constance
Kenya’s Energy and Petroleum Regulatory Authority (EPRA) has confirmed receiving an application from Tanzania to import 100 megawatts of electricity from Ethiopia using Kenya’s transmission network. EPRA Director General Daniel Kiptoo stated that the request involves a collaboration between Ethiopia Electric Power, Kenya Electricity Transmission Company (KETRACO), and Tanzania Electric Supply Company Limited (TANESCO). He added that the application is under review, with a final decision expected by the end of March after evaluating its technical and economic feasibility. “We are currently assessing both the technical and economic aspects. The… Read More Here
AVZ Minerals Wins Legal Battle Over Manono Lithium Mine in DRC 27 Mining in DRC Battery Metals Corporate News Lithium 

AVZ Minerals Wins Legal Battle Over Manono Lithium Mine in DRC

Constance
Australia’s AVZ Minerals has secured a legal victory against the Democratic Republic of Congo (DRC) and China’s Zijin Mining in a dispute over rights to the Manono lithium mine. The company is now in talks with U.S. investors to secure funding for the project. The International Court of Arbitration of the International Chamber of Commerce (ICC) has ordered DRC’s state-owned mining company, Cominiere, to pay a €39.1 million penalty for failing to comply with previous rulings preventing it from terminating its joint venture with AVZ. AVZ initially held the permit… Read More Here
Shuka Minerals Nears Completion of Kabwe Zinc Mine Acquisition in Zambia 28 Mining in Zambia Mergers & Acquisitions New Mining Projects Zinc 

Shuka Minerals Nears Completion of Kabwe Zinc Mine Acquisition in Zambia

Constance
AIM-listed Shuka Minerals has secured nearly all regulatory approvals for its acquisition of Leopard Exploration and Mining, which includes Zambia’s Kabwe zinc mine. Only one approval remains outstanding from Zambia’s Competition and Consumer Protection Commission, which Shuka expects to receive in the second quarter. In December, the company signed a conditional share purchase agreement to acquire 100% of Leopard’s share capital through a cash-and-share transaction. The acquisition was initially set to close by March 13, pending regulatory approvals and the successful completion of a debt or equity capital raise. However,… Read More Here
Barrick Gold Committed to Resolving Mali Dispute Amid Operational Suspension 29 International Corporate News Gold 

Barrick Gold Committed to Resolving Mali Dispute Amid Operational Suspension

Constance
Barrick Gold remains “fully engaged and committed to reaching a mutually beneficial resolution” with the Malian government to settle an ongoing dispute over its mining assets, according to a memo from Sebastiaan Bock, the company’s chief operating officer for Africa and the Middle East, seen by Reuters on Saturday. The dispute, which began in 2023, centers on Mali’s new mining code, which grants the state a larger stake in Barrick’s Loulo-Gounkoto gold mining complex. Tensions escalated when the government seized approximately three metric tons of gold from Barrick’s operations and… Read More Here
China’s Refined Copper Imports Surge as Congo Supply Booms 30 Copper Mining in DRC 

China’s Refined Copper Imports Surge as Congo Supply Booms

Constance
China is set to increase its imports of off-exchange refined copper this year, driven by soaring production in the Democratic Republic of Congo (DRC) and concerns over potential supply disruptions from U.S. scrap restrictions, according to analysts and traders. The surge highlights China’s growing dependence on Congolese refined copper, which now accounts for a significant share of its imports. The DRC, bolstered by years of Chinese investment in mining, has become the world’s second-largest copper producer. Much of its exports to China consist of equivalent grade (EQ) copper—metal that meets… Read More Here

You have successfully subscribed to the newsletter

There was an error while trying to send your request. Please try again.

Copperbelt Katanga Mining will use the information you provide on this form to be in touch with you and to provide updates and marketing.