Breaking News
Midnight Sun Shares Drop After Zambia Rejects Kazhiba License Renewal 1 Mining in Zambia Exploration 

Midnight Sun Shares Drop After Zambia Rejects Kazhiba License Renewal

Constance
Midnight Sun Mining Corp. (TSXV: MMA) saw its shares drop sharply late Thursday following the Zambian government’s rejection of its application to renew the exploration license for the Kazhiba target, part of its flagship Solwezi project. Kazhiba is one of three key targets within Midnight Sun’s 506 km² property in Zambia, which has already yielded significant copper discoveries. The area is underlain by a previously undiscovered basement dome similar to those found at First Quantum’s Kansanshi mine, a major copper producer in the region. These basement domes are believed to… Read More Here
Japanese Entrepreneurs Partner with Kinshasa to Address Energy and Infrastructure Challenges 2 Mining in DRC Energy 

Japanese Entrepreneurs Partner with Kinshasa to Address Energy and Infrastructure Challenges

Constance
A group of Japanese entrepreneurs has partnered with Kinshasa City Hall, under the leadership of Governor Daniel Bumba Lubaki, to address critical issues in the energy and infrastructure sectors of the Congolese capital. “We met with Governor Daniel Bumba to explore how we can support him in improving the energy and infrastructure sectors. Despite the challenges the city faces, we believe we can provide effective solutions,” the entrepreneurs stated. Kinshasa, a city of nearly 20 million people, is a key hub with pressing needs in energy and infrastructure. The city… Read More Here
7 subcontracting companies sign for 100 million USD with TFM 3 Mining in DRC 

7 subcontracting companies sign for 100 million USD with TFM

Constance
On Thursday, August 29, 2024, in Fungurume, Lualaba province, Miguel Kashal Katemb, the Director General of the Regulatory Authority for Subcontracting in the Private Sector (ARSP), oversaw the signing of contracts between seven local companies and the mining giant Tenke Fungurume Mining. The contracts, totaling $100 million, will allow these subcontractors to supply goods and services to Tenke Fungurume Mining. The companies involved include Invest Congo Mining Sarl, Mundo Construction Sarl, Almer Engineering Sarl, Victor Mining Services Sarl, KM-Oil, Panaco Sarl, and Groupe Kongo Oil. During the ceremony, Miguel Kashal… Read More Here
Governor of Haut-Uele Reinforces Transparency in DRC' Mining Sector 4 Mining in DRC 

Governor of Haut-Uele Reinforces Transparency in DRC’ Mining Sector

Constance
On Wednesday, the Governor of Haut-Uele province, Jean Bakomito, reaffirmed his commitment to enforcing order and transparency in the region’s mining sector. During a meeting with mining operators, alongside key state services such as the Mines Division and SAEMAPE, Bakomito emphasized the importance of adhering to legal standards and eliminating irresponsible practices at mining sites. The meeting, held in the multipurpose room of the Governor’s official residence in Isiro, focused on assessing the current state of the mining sector and outlining strategies for the sustainable development of the province. The… Read More Here
Senegal Halts Mining Along Faleme River to Protect Environment and Communities 5 International 

Senegal Halts Mining Along Faleme River to Protect Environment and Communities

Constance
Senegal has suspended all mining activities for nearly three years along its side of the southeastern Faleme River in a move to protect the environment and support local communities impacted by a surge in artisanal gold mining. The decree, aimed at curbing pollution from mining-related dredging and chemical discharges, affects a 500-meter stretch of Senegalese territory along the river’s left bank and will remain in place until June 30, 2027. The Faleme River, which originates in the uplands of Guinea, flows along much of Senegal’s border with Mali before joining… Read More Here
FQM Seeks Compensation from Panama Over Stranded Copper Stockpile 6 International Copper 

FQM Seeks Compensation from Panama Over Stranded Copper Stockpile

Constance
First Quantum Minerals is pursuing compensation from Panama for a stockpile of semi-processed copper ore stranded at its flagship Cobre Panama mine. The material, valued between $225 million and $340 million at current copper prices, has been idle for months while the Panamanian government assesses whether it was mined before or after the mine was ordered to close last year. The Canadian mining company has warned that the stockpile’s value could degrade over time and that leaving it idle poses environmental risks. First Quantum insists that Panama must either allow… Read More Here
Zambia's Ministry of Mines and Ivanhoe Forge Strategic MoU 7 Mining in Zambia Mining in DRC Partnership 

Zambia’s Ministry of Mines and Ivanhoe Forge Strategic MoU

Constance
The Zambian government has taken a major step to enhance its mining sector by signing a Memorandum of Understanding (MoU) with Ivanhoe Mines. The agreement, facilitated by the Ministry of Mines and Minerals Development, is designed to drive growth and development within the country’s vital mining industry. During the signing ceremony, Mines Minister Paul Kabuswe expressed optimism about the collaboration, emphasizing the potential benefits for Zambia’s mining sector. He praised Ivanhoe’s strong investment record across Africa, highlighting the company’s expertise as a valuable asset for Zambia’s mineral resource development. Hapenga… Read More Here
Zambia to Launch National Critical Minerals Strategy 8 Mining in Zambia Copper 

Zambia to Launch National Critical Minerals Strategy

Constance
The Zambian government will launch its National Critical Minerals Strategy on Thursday, August 29, aimed at preventing the export of raw minerals and promoting value addition. Mines and Mineral Development Minister Paul Kabuswe announced that the strategy will set regulations for mineral processing, ensuring value is added before export. The government also plans to increase mineral production to 3 million metric tons annually by 2031. Kabuswe’s remarks were delivered by Ministry of Mines Permanent Secretary Hapenga Kabeta at the 2024 Zambia Alternative Mining Indaba in Lusaka. Publish What You Pay… Read More Here
CMOC Group Anticipates Easing Cobalt Supply Pressure in H2 2024 9 International Coltan 

CMOC Group Anticipates Easing Cobalt Supply Pressure in H2 2024

Constance
China’s CMOC Group, the world’s largest cobalt producer, expects cobalt supply pressures to ease in the second half of 2024. Cobalt, essential in batteries and alloys, has seen prices plummet to near an eight-year low due to a surge in production outpacing demand, according to Fastmarkets data. CMOC forecasts that global supply growth will gradually stabilize. “Global cobalt resources are concentrated, and after the current supply surge, no significant new resources are expected for a long time,” CMOC stated while announcing a record first-half profit. “This should support medium- and… Read More Here
Mali's 2024 Gold Production on Track to Meet or Exceed 57.3 Metric Ton Target 10 International Gold 

Mali’s 2024 Gold Production on Track to Meet or Exceed 57.3 Metric Ton Target

Constance
Mali, one of Africa’s leading gold producers, is set to meet or surpass its 2024 industrial gold production forecast of 57.3 metric tons, according to the country’s Ministry of Mines. Gold output from major mining companies, including Barrick Gold, B2Gold, Resolute Mining, Allied Gold, and Endeavour Mining, reached 30.5 tons in the first half of the year, exceeding the initial forecast of 28.4 tons by 7.2%, as per ministry data provided to Reuters. While the 2024 forecast is 14% lower than the 66.5 tons produced in 2023, the country remains… 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.