Breaking News
BHP and Lundin Mining Partner to Expand Copper Portfolio with Joint Acquisition 1 Mergers & Acquisitions Copper International 

BHP and Lundin Mining Partner to Expand Copper Portfolio with Joint Acquisition

Constance
Diversified miner BHP, in collaboration with Lundin Mining, has announced a strategic move to enhance its copper portfolio by jointly acquiring an advanced-stage copper exploration project in South America. This partnership will see the creation of a joint venture (JV) to develop a burgeoning copper district in the Vicuna belt, spanning Argentina and Chile. Copper, a vital component in the energy transition, remains highly sought after by miners. BHP’s recent unsuccessful bid to acquire Anglo American underscored its strategic objective to increase its copper holdings. Under the new agreement, BHP… Read More Here
Anglo American Faces Interim Loss Amid Woodsmith Project Write-Down 2 International 

Anglo American Faces Interim Loss Amid Woodsmith Project Write-Down

Constance
Anglo American reported an interim loss of 55 US cents per share on Thursday, following a $1.6 billion write-down of its investment in the Woodsmith fertilizer minerals project. Basic underlying earnings fell to $1.06 per share, marking a 23% year-on-year decline due to a 10% drop in the basket price for metals mined by Anglo, particularly platinum group metals (PGMs) and iron ore. The write-down occurred as Anglo decided to delay the Woodsmith project amid a restructuring of the group, announced in May shortly after BHP’s £38 billion all-share takeover… Read More Here
Nchanga KCM Open Pit Mining in Zambia Copper 

Konkola Copper Mines Begins Paying Creditors

Constance
Beginning with the municipal and city councils in the Copperbelt, Konkola Copper Mines (KCM) has started to pay its creditors following the company’s successful avoidance of liquidation by Vedanta Resources. On July 26, a High Court Judge issued an ex parte order to halt the winding-up petition against KCM and reinstated the Board of Directors. To date, Chingola Municipal Council has received over K26 million, Chililabombwe has received K8 million, and Kitwe City Council has received K14 million. KCM’s Chief Financial Officer, Manish Saxena, expressed gratitude to the creditors for… Read More Here
Mobilisation of Diamond Core Drill Rigs to the Bisie North Projects 3 Mining in DRC Diamond Drilling 

Mobilisation of Diamond Core Drill Rigs to the Bisie North Projects

Constance
Rome Resources Plc (AIM: RMR) provides an update on drilling operations at the Company’s flagship project located in the North Kivu province in the Democratic Republic of Congo which comprises the Kalayi prospect, the Mont Agoma prospect and the Mont Agoma Northwest prospect (together the “Bisie North Projects”) The Company is pleased to announce that it has commenced the mobilisation of the first of three diamond core drill rigs to be used in the first week of August 2024 at sites identified and prepared by the Company at the Bisie… Read More Here
Prospect Resources Expands Copper Potential at the Mumbezhi Project in Zambia 4 Mining in Zambia Copper 

Prospect Resources Expands Copper Potential at the Mumbezhi Project in Zambia

Constance
Prospect Resources has firmly positioned itself as a leading player in the mining sector, particularly noted for its transformative work on the Arcadia Lithium Mine Project in Zimbabwe. The company’s journey from initial discovery to the successful sale of its 87% interest in Arcadia for approximately US$378 million in April 2022 underscores its expertise and strategic vision. The Arcadia project saw significant progress through various stages, including resource definition, early-stage technical and economic evaluations, a definitive feasibility study, offtake agreements, pilot plant operation, and strategic project financing. This comprehensive approach… Read More Here
Tertiary Minerals Identifies Large Copper Anomaly at Mupala Project 5 Mining in Zambia Copper 

Tertiary Minerals Identifies Large Copper Anomaly at Mupala Project

Constance
Aim-listed Tertiary Minerals has identified a significant copper-in-soil anomaly at its Mupala project in Zambia. The company announced on July 29 that field analytical results from a recent soil sampling program confirmed the prospectivity of the license, supplementing historical data and its proximity to other copper prospects. Tertiary Chairperson Patrick Cheetham noted that while more work is needed to determine the significance of this soil anomaly, it marks a promising start to exploration at Mupala. The Mupala project is located on the west side of the Kabompo Dome in Zambia’s… Read More Here
Galileo Resources Begins Copper Exploration with Drill Program in Zambia 6 Copper Exploration Mining in Zambia 

Galileo Resources Begins Copper Exploration with Drill Program in Zambia

Constance
London-listed Galileo Resources has engaged a Zambian contractor to commence a drill program of approximately 700 meters as part of the initial phase of exploration on licence 28001-HQ-LEL in Zambia, with rig mobilization scheduled for later this week. The licence is situated within the Western Foreland domain, an area potentially hosting Kamoa-Kakula-style copper deposits. The company states that the licence is strategically located along the strike of the Kamoa-Kakula mining complex in the Democratic Republic of Congo (DRC) and adjacent to a substantial exploration licence area acquired by Ivanhoe Mines… Read More Here
Experts Advocate for Local Processing of Kivu Coltan to Boost Economic Gains 7 Mining in DRC Coltan Economy 

Experts Advocate for Local Processing of Kivu Coltan to Boost Economic Gains

Constance
During the presentation of the project “Kivu Coltan: Physico-Chemical Processing Capacity and Application Studies” last weekend at the Higher Pedagogical Institute of Bukavu (ISP/BUKAVU) in South Kivu, Professor Fabrice Muvundja urged experts to advocate for local industrialization to enhance value-added exports. In his speech, Professor Muvundja highlighted the lack of scientific research on Kivu coltan, despite its significant contribution to the regional economy for nearly twenty-four years. “Kivu coltan has been a cornerstone of the regional economy since the 2000s. We have recognized its value for the national economy, yet… Read More Here
LME approves Saudi port as warehouse delivery point 8 International Copper 

LME approves Saudi port as warehouse delivery point

Constance
The London Metal Exchange (LME) has approved Red Sea port city Jeddah in Saudi Arabia as a warehouse delivery point for copper and zinc, it said on Monday. The exchange said the listing will become active three months after the first warehouse company has been approved in the new location. Warehouses registered with the LME, the world’s largest and oldest metals trading venue, are usually located in areas of net metals consumption or top transit hubs such as Rotterdam. Saudi Arabia is planning an ambitious industrial development and logistics program,… Read More Here
DRC Minister of Mines and World Bank Discuss Strategic Cooperation 9 Mining in DRC Economy 

DRC Minister of Mines and World Bank Discuss Strategic Cooperation

Constance
The Minister of Mines, Kizito Pakabomba, met with the Director of Operations of the World Bank for the Democratic Republic of Congo (DRC) to discuss strategic cooperation aimed at strengthening the mining sector and diversifying the national economy. “I emphasized the crucial importance for DR Congo to diversify its partners to attract a variety of investors. This approach aims not only to create jobs but also to support sustainable development in our country,” wrote Pakabomba on his X account. The two officials also explored the reactivation of key projects such… 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.