Breaking News
Glencore Halts Copper Shipments from Chile’s Altonorte Smelter Amid Furnace Issues 1 International Corporate News 

Glencore Halts Copper Shipments from Chile’s Altonorte Smelter Amid Furnace Issues

Constance0 comment
Glencore Plc has suspended shipments from its Altonorte copper smelter in Chile due to a furnace malfunction, disrupting operations as traders and producers rush to supply more metal to the U.S. ahead of potential tariffs. The company has temporarily halted production and invoked force majeure clauses in its commercial contracts, sources familiar with the matter revealed. Force majeure provisions allow suppliers to suspend deliveries due to unforeseen circumstances beyond their control. This setback adds to a series of recent disruptions at smelters and refineries in Asia, further tightening global copper… Read More Here
First Quantum Opens Cobre Panama to Public in Bid for Restart Support 2 International Copper Corporate News 

First Quantum Opens Cobre Panama to Public in Bid for Restart Support

Constance0 comment
First Quantum Minerals (TSX: FM) officially opened Cobre Panama to visitors on Monday as part of its efforts to regain public support for restarting the $10 billion copper mine, which has remained shut for over a year. In a press release, Cobre Panama announced the launch of its Mine Visit program, granting the public access to one of Latin America’s most advanced copper mining operations. Guided by Panamanian engineers and miners, visitors can tour key facilities, including the Botija pit, the 300 MW power plant, the international port, and the… Read More Here
China to Invest $1.4 Billion in Upgrading Zambia-Tanzania Railway 23 Transport and Logistics Mining in Zambia 

China to Invest $1.4 Billion in Upgrading Zambia-Tanzania Railway

Constance0 comment
China Civil Engineering Construction Corporation (CCECC) has committed over $1.4 billion to modernize the Tanzania-Zambia Railway (TAZARA), a vital transport link for Zambia’s copper exports to Tanzania’s largest port. TAZARA plays a crucial role in exporting copper and cobalt from Central Africa while offering an alternative route to South Africa’s congested ports. However, years of neglect have left the railway in need of urgent repairs. Negotiations for a 30-year concession with CCECC are still in progress, according to Bruno Ching’andu, Managing Director of TAZARA Authority. “The decision to grant a… Read More Here
Zambia Faces Environmental Crisis After Copper Mine Waste Spill 24 Mining in Zambia Copper Mining safety 

Zambia Faces Environmental Crisis After Copper Mine Waste Spill

Constance0 comment
A massive waste spill from a Chinese-owned copper mine in Zambia has raised serious environmental and health concerns, with authorities fearing long-term damage to the Kafue River, the country’s most vital waterway. According to an investigation by the Engineering Institution of Zambia, approximately 50 million liters of waste—containing concentrated acid, dissolved solids, and heavy metals—spilled from the Chambishi copper mine into streams that feed into the Kafue River. The incident occurred on February 18 when a tailings dam at the mine, operated by Sino-Metals Leach Zambia, collapsed. The company is… Read More Here
Zijin Mining Reports 52% Profit Surge Amid Strong Copper and Gold Prices 25 Mining in DRC Copper Gold 

Zijin Mining Reports 52% Profit Surge Amid Strong Copper and Gold Prices

Constance0 comment
Zijin Mining Group, China’s largest metals producer, recorded a 52% increase in net profit in 2023, driven by higher production and rising copper and gold prices. The company reported a net income of 32.1 billion yuan ($4.4 billion), aligning with its forecast of 32 billion yuan, while revenue climbed 3.5% to 303.6 billion yuan. Over the past decade, Zijin has aggressively expanded its global presence, establishing major copper projects in China and the Democratic Republic of Congo. As securing critical mineral supply becomes a growing concern for global powers, Chairman… Read More Here
KoBold Metals Eyes Major Lithium Project in the DRC Amid Legal Dispute 26 Mining in DRC Battery Metals Lithium 

KoBold Metals Eyes Major Lithium Project in the DRC Amid Legal Dispute

Constance0 comment
KoBold Metals, a mining company backed by billionaires Bill Gates and Jeff Bezos, has informed the Democratic Republic of Congo’s government of its interest in developing one of the world’s largest hard rock lithium deposits. This marks the first significant offer from a major U.S. mining company to invest in the central African nation, coinciding with early discussions on a potential minerals and security partnership between the two countries. KoBold, which leverages artificial intelligence to explore materials vital for the energy transition, has proposed taking over a highly sought-after mining… Read More Here
Chemaf Scraps Norin Mining Deal Amid US-China Mineral Tensions 27 Mining in DRC Cobalt Copper 

Chemaf Scraps Norin Mining Deal Amid US-China Mineral Tensions

Constance0 comment
Copper and cobalt producer Chemaf Resources Ltd. has abandoned its planned sale to Norin Mining Ltd., marking a potential victory for US efforts to curb China’s influence over global mineral supply chains. The deal collapsed after Democratic Republic of Congo (DRC) authorities failed to approve the transaction, according to a source familiar with the matter. Chemaf, backed by commodity trader Trafigura Group, informed creditors that the sale to Norin—a subsidiary of China’s state-owned Norinco Group—would not proceed. Congo’s state-owned mining company, Gécamines, which holds the permit for Chemaf’s Mutoshi cobalt… Read More Here
CMOC Posts Record Earnings in 2024 on Strong Cobalt and Copper Output 28 Mining in DRC Battery Metals Cobalt Copper 

CMOC Posts Record Earnings in 2024 on Strong Cobalt and Copper Output

Constance0 comment
China’s CMOC Group Ltd., the world’s largest cobalt producer, reported record earnings in 2024, driven by increased production, higher sales, and rising copper prices. The company’s net income surged 64% to 13.5 billion yuan ($1.9 billion), surpassing analysts’ estimates of 12.3 billion yuan. Revenue rose 14% to 213 billion yuan, also exceeding forecasts. CMOC attributed its strong performance to capacity expansions and efficiency improvements. “Mining is a cyclical industry, and accurately understanding market cycles is key to successful expansion,” the company stated in its earnings report. “At the bottom of… Read More Here
Saudi Arabia Grants Mining Exploration Leases to Vedanta, Zijin, and Hancock 29 New Mining Projects Corporate News International 

Saudi Arabia Grants Mining Exploration Leases to Vedanta, Zijin, and Hancock

Constance0 comment
Saudi Arabia has awarded mining exploration leases to major global companies, including India’s Vedanta, China’s Zijin Mining Group, and a subsidiary of Australia’s Hancock Prospecting, as part of its strategy to expand and diversify its mining sector. The Ministry of Industry and Mineral Resources announced via X that the leases cover a total area of 4,788 km², including the Jabal Sayid region. This initiative aligns with Saudi Arabia’s Vision 2030, which aims to reduce oil dependency, develop a competitive domestic mining industry, and attract foreign investment. Zijin Mining, in partnership… 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.