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Zijin Mining to Boost Copper Production with Focus on DRC Expansion 1 Mining in DRC Cobalt Copper Lithium 

Zijin Mining to Boost Copper Production with Focus on DRC Expansion

Constance
Zijin Mining Group, China’s leading copper producer, has announced plans to significantly increase its production targets in response to anticipated continued rises in copper prices driven by persistent supply shortages. This strategic move will accelerate the development of its mines in the Democratic Republic of Congo (DRC), according to sources. Zijin Mining aims to increase its copper production to 1.22 million tonnes by 2025, which is a 4% rise from its previous forecast. By 2028, the company targets an ambitious production range of 1.5 to 1.6 million tonnes, marking a… Read More Here
DRC Forces Push to Reclaim Key Mining Town from M23 Rebels 2 Mining in DRC Coltan Regional conflict 

DRC Forces Push to Reclaim Key Mining Town from M23 Rebels

Constance
The armed forces of the Democratic Republic of Congo (FARDC) have launched multiple assaults this week, in collaboration with the youth militia group Wazalendo, to retake the mining town of Rubaya from the M23 rebels, who are reportedly supported by Rwanda. Local sources indicate that intense fighting is currently underway in Runigi, less than 10 km from Rubaya in Masisi territory, between loyalist forces and the rebels. Reports to MINES.CD confirm that Wazalendo resistance fighters have regained control of the village of Somikivu in Rutshuru territory and are advancing on… Read More Here
Kenyan President Calls on DRC to Address Internal Strife 3 Mining in DRC Governance Regional conflict 

Kenyan President Calls on DRC to Address Internal Strife

Constance
Kenyan President William Ruto has urged the Democratic Republic of Congo (DRC) to confront its internal challenges and cease falsely implicating Rwanda in the violence plaguing its eastern territories. In an interview with the French media outlet Jeune Afrique, President Ruto stressed the importance of the DRC, led by President Felix Tshisekedi, addressing the root causes of the conflict in the east, primarily driven by the M23 rebel fighters. During a meeting of heads of state, it was confirmed that the M23 fighters are of Congolese origin, not Rwandan, as… Read More Here
Newly Accredited Ambassadors Present Credentials to DRC President Felix Tshisekedi 4 Mining in DRC Governance 

Newly Accredited Ambassadors Present Credentials to DRC President Felix Tshisekedi

Constance
This Thursday at the African Union City, three newly accredited non-resident, extraordinary, and plenipotentiary ambassadors presented their credentials to the President of the Democratic Republic of Congo (DRC), Felix Tshisekedi. The first ambassador, Mr. Zsolt Mészáros from Hungary, is based in Nairobi, Kenya, where he has represented his country since December 2, 2020. Before his current position, he served as Commercial Attaché at the same embassy from 2015 to 2020. Earlier in his career, from 2009 to 2015, he was Operations Manager at International Testing and Training Services LTD in… Read More Here
Anglo shoots down BHP’s third attempt, agrees to one-week extension 5 International 

Anglo shoots down BHP’s third attempt, agrees to one-week extension

Constance
The world’s top diversified miner BHP has made a third unsolicited conditional takeover proposal for smaller rival Anglo American on Wednesday, only hours before its initial deadline for a firm intention to make an offer expired. The board of London-listed Anglo American rejected the latest proposal of £29.34 a share, but agreed to a one-week extension to the ‘put up, or shut up (PUSU)’ deadline under UK Takeover rules. BHP’s plan continues to involve an all-share offer, with a requirement for the company to complete two separate demergers of its… Read More Here
BHP shares fall after Anglo American rejects proposal 6 International 

BHP shares fall after Anglo American rejects proposal

Constance
Shares of Australia’s BHP Group fell over 3% on Thursday, a day after smaller rival Anglo American rejected its third takeover proposal and agreed to a one-week extension for the deadline to make a binding offer. Shares of BHP fell as much as 3.8% to A$44.47 by 00:26 GMT. BHP, the world’s biggest listed mining group, now has until May 29 to make a binding offer for Anglo American or it will be forced to walk away for at least six months, under the UK’s takeover rules. BHP’s latest 29.34… Read More Here
AngloGold Ashanti Signs $9 Million Exploration Deal with EcoGraf in Tanzania 7 International Exploration Gold 

AngloGold Ashanti Signs $9 Million Exploration Deal with EcoGraf in Tanzania

Constance
Gold mining giant AngloGold Ashanti has entered into a $9 million, five-year farm-in agreement with ASX-listed junior company EcoGraf for the exploration of gold at the Golden Eagle project in Tanzania. Situated on the eastern margin of the Archean Lake Victoria goldfields, the Golden Eagle project is located within the same structural corridor as the historical Golden Pride mine, which was operated by Resolute Mining and produced 3.4 million ounces of gold. EcoGraf Managing Director Andrew Spinks commented that the agreement with AngloGold, the world’s fourth-largest gold miner, highlights the… Read More Here
Madison begins drilling at Namibian uranium project 8 International Drilling Uranium 

Madison begins drilling at Namibian uranium project

Constance
Toronto-based Madison Metals has started its maiden 2024 drill programme at the Khan project at Madison West in Namibia’s Erongo uranium province. In April, the company announced that it had embarked on a mapping programme ahead of the drill programme, which consisted of infill geological mapping, along with ground scintillometer and spectrometer surveys over several Anomaly 5 drill targets. Madison’s original surveying was completed at 40 m line spacing with 10 m station spacing. The company added new drill targets at Anomaly 5 by surveying at 20 m line spacing.… Read More Here
BeMetals Discovers Extensive Copper Mineralization in Zambian Copperbelt 9 Copper Exploration Mining in Zambia New Mining Projects Press Release 

BeMetals Discovers Extensive Copper Mineralization in Zambian Copperbelt

Constance
BeMetals Corp. (TSXV: BMET, OTCQB: BMTLF, Frankfurt: 1OI.F) (the “Company” or “BeMetals”) has announced that three of four new core holes have intersected significant copper sulphide mineralization at the Pangeni Copper Project in Zambia (the “Project” or the “Property”).  Today’s new analytical results support and enlarge the Company’s discovery of extensive zones of copper mineralization covering more than 1.7 kilometres of strike length under sand cover. Importantly, the copper mineralization bears many of the hallmarks in terms of style, width, grade, and geology to deposits that are mined in the Domes… Read More Here
FQM seeks to speed up Peru projects after Panama debacle 10 International Copper 

FQM seeks to speed up Peru projects after Panama debacle

Constance
Canadian miner First Quantum Minerals, which lost the right to operate its copper mine in Panama last year following protests by environmental groups and a court ruling deeming its contract void, is seeking to speed its copper projects in Peru, a company executive said on Wednesday. One of the three largest global copper producers, First Quantum in Peru controls the La Granja project, worth at least $2.5 billion, and the $1.86 billion Haquira project. “These are projects that need to be accelerated,” said the mining company’s project development director, Steven… Read More Here

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