Breaking News
Illegal mining soars near First Quantum’s idled Panama mine 1 International Copper 

Illegal mining soars near First Quantum’s idled Panama mine

Constance
Illegal mining near First Quantum Minerals Ltd.’s Cobre Panama copper mine has soared since the facility suspended operations last year, an industry group warns. More than 250 instances of illegal mining have been identified in the rainforest surrounding Cobre Panama this year, according to Zorel Morales, head of the nation’s mining chamber. That’s a 317% increase from 60 instances in 2023. The illegal miners, Morales said, are mostly searching for gold. Morales and his trade organization, which includes First Quantum, are pushing for a quick resolution on Cobre Panama’s future.… Read More Here
Peru's Copper Production Drops 11.7% in June Amid Ongoing Industry Challenges 2 International Copper 

Peru’s Copper Production Drops 11.7% in June Amid Ongoing Industry Challenges

Constance
Copper production in Peru fell by 11.7% year-on-year in June, reaching 213,578 metric tons, according to the country’s energy and mines ministry. For the first half of 2021, total production amounted to 1.29 million tons, reflecting a 2.1% decline compared to the same period last year. Peru, which has slipped to the third-largest copper producer globally after being overtaken by the Democratic Republic of Congo, is projected to produce 3.00 million tons of copper this year, up from 2.76 million tons in 2020, according to the ministry. The Peruvian government… Read More Here
Jiangxi Copper’s subsidiary halts production after fatal accident 3 International Copper Mining safety 

Jiangxi Copper’s subsidiary halts production after fatal accident

Constance
Jiangxi Copper’s subsidiary has suspended its plant in Shandong province after a fatal copper furnace accident, according to a company statement on Monday. Shandong Humon Smelting, controlled by top copper producer Jiangxi Copper, said three workers were killed and fourteen were injured. There was an unexpected spill from the plant’s side-blown copper furnace, the company said, without giving the date of incident. Production has been halted amid an ongoing investigation, the gold-copper producer said. Humon produced 203,023 metric tons of copper last year, according to its annual report. Jiangxi Copper… Read More Here
Barrick Gold Expresses Interest in Cobre Panama as Future Partner Amid Ongoing Disputes 4 International Copper Gold 

Barrick Gold Expresses Interest in Cobre Panama as Future Partner Amid Ongoing Disputes

Constance
Barrick Gold (NYSE: GOLD) is prepared to step in as a partner in the Cobre Panama copper mine once the Panamanian government resolves the ongoing dispute over the asset, CEO Mark Bristow stated on Monday. The mine, currently owned by First Quantum Minerals, has been embroiled in controversy since November, leading to its closure following widespread protests. The new administration under President Jose Raul Mulino, in power since July, has announced that a decision regarding the mine’s future—which contributes 1% of global copper output and 5% of Panama’s GDP—will be… Read More Here
President Hichilema Launches 300MW Maamba Power Plant Expansion 5 Mining in Zambia Electricity Energy 

President Hichilema Launches 300MW Maamba Power Plant Expansion

Constance
Maamba Energy Ltd and Zambia’s energy sector celebrated a significant milestone as President Hakainde Hichilema officially commissioned the Phase Two expansion of a 300MW thermal power plant at a groundbreaking ceremony in Maamba. This project is crucial for meeting Zambia’s energy demands and enhancing regional energy trade. Maamba Energy Ltd, a joint venture between ZCCM-IH (35%) and Nava Bharat (65%), is dedicated to providing reliable and sustainable energy solutions for the country. President Hichilema urged all stakeholders to ensure the timely completion of the project, underscoring its importance for Zambia’s… Read More Here
Transforming Mineral Processing in Sub-Saharan Africa: The Synergistic Power of DGC AFRICA and LogiProc 6 Sponsored Content Mineral Processing 

Transforming Mineral Processing in Sub-Saharan Africa: The Synergistic Power of DGC AFRICA and LogiProc

Copperbelt Katanga News
In the heart of sub-Saharan Africa, particularly in the Democratic Republic of the Congo (DRC) and its neighbouring countries, a powerful synergy is redefining the mining and mineral processing industries. The strategic alliance between DGC AFRICA and LogiProc brings unparalleled expertise in Mineral Process Engineering, Design, and Construction. Together, they ensure that mining operations are not only viable and efficient but also tailored for sustainability and profitability. Advancing Mineral Processing Engineering in Africa LogiProc stands at the forefront of innovation in mineral processing engineering across Africa, renowned for its adept… Read More Here
Caledonia Mining on Track to Meet 2024 Gold Production Goals 7 International Gold 

Caledonia Mining on Track to Meet 2024 Gold Production Goals

Constance
Caledonia Mining, listed on the AIM, has announced it is on course to meet its full-year production target of 74,000 to 78,000 ounces at its Blanket gold mine in Zimbabwe. In the quarter ending June 30, the mine produced 20,773 ounces of gold, a significant increase from the 17,436 ounces produced in the same period in 2023. The on-mine cost for the quarter was reduced to $906 per ounce, down from $915 per ounce in the previous year. Caledonia reported gross revenues of $50.1 million for the quarter, up from… Read More Here
B2Gold Lowers 2024 Production Forecast Amid Fekola Mine Delays 8 International Gold 

B2Gold Lowers 2024 Production Forecast Amid Fekola Mine Delays

Constance
B2Gold, a Canada-based precious metals miner, has revised its 2024 production guidance downwards due to lower-than-expected output from its Fekola mine in Mali. The company now forecasts total production between 800,000 and 870,000 ounces for the year, including 20,000 ounces from the recently sold Calibre Mining. This is a reduction from the previous range of 860,000 to 940,000 ounces, which had included 40,000 to 50,000 ounces from Calibre before its sale in June. The drop in Fekola’s output—expected to be around 50,000 ounces less for the full year—stems from delays… Read More Here
Mopani Copper Mines Expands Operations with New Shafts to Boost Production 28 Copper Mining in Zambia 

Mopani Copper Mines Expands Operations with New Shafts to Boost Production

Constance
Mopani Copper Mines is sinking three new shafts at its Kitwe and Mufulira sites, aiming to increase annual copper production to 225,000 tonnes upon completion. Speaking at the 96th Agricultural and Commercial Show, Mopani’s Public Relations Officer, Lillian Musenge, highlighted that one of the key challenges for the mine is its aging infrastructure. “Creating a Competitive Future” is this year’s theme for the Agricultural and Commercial Show. To achieve this, we must develop strategies and innovations to address current and anticipated challenges while seizing opportunities. For Mopani, old infrastructure is… Read More Here

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