Breaking News
Chile's Copper Output Dips in March, Codelco Records Decline 21 International Copper 

Chile’s Copper Output Dips in March, Codelco Records Decline

Constance
Data released by Chile’s copper commission Cochilco on Friday revealed a slight decrease in copper production in March, with a mixed performance among major mines in the country. While output at Codelco, the world’s leading copper supplier, declined by 10.1% to 107,300 tonnes, other key mines demonstrated varied trends. BHP’s Escondida mine, boasting the largest known copper deposit globally, recorded a 9.7% increase, reaching 101,400 tonnes. Conversely, production surged by 16.1% at the Collahuasi mine, jointly operated by Glencore and Anglo American, totaling 49,800 tonnes. Despite these fluctuations, Chile’s overall… Read More Here
Vedanta Engages Stakeholders for KCM Transition Updates in Kitwe 22 Mining in Zambia Copper 

Vedanta Engages Stakeholders for KCM Transition Updates in Kitwe

Constance
Vedanta Resources, a global mining firm, recently convened a significant engagement session with key stakeholders in Kitwe, Zambia. Led by Malcolm Mewett, the KCM Designate Chief Operating Officer, and Dr. Moses Banda, the Country Director for Vedanta Resources, the meeting aimed to update leaders from Mine Workers Unions and the Zambia Mine Suppliers Association on the ongoing transition process concerning Konkola Copper Mines (KCM). The discussions centered on various aspects, including updates on the creditors’ scheme of arrangement, progress on capital raising efforts, and the crucial issue of bridge financing.… Read More Here
Barrick Prioritizes Copper Expansion Amid Renewable Energy Transition 23 Copper Gold Mining in Zambia 

Barrick Prioritizes Copper Expansion Amid Renewable Energy Transition

Constance
The global copper industry has long grappled with underinvestment, hindering its ability to meet the rising demand driven by the worldwide transition to renewable energy. However, Barrick, recognized the critical importance of copper in the greening of the global grid and made its expansion a strategic priority following the merger with Randgold five years ago. Barrick’s thorough review of its global assets identified two significant opportunities: the Lumwana mine in Zambia and the dormant Reko Diq project in Pakistan. The Lumwana mine, once struggling, underwent a remarkable transformation under Barrick’s… Read More Here
China Boosts Coal and Gas Imports as Summer Approaches 24 International Coal 

China Boosts Coal and Gas Imports as Summer Approaches

Constance
China is capitalizing on lower international prices for coal and natural gas to bolster its stockpiles of power fuels in preparation for another hot summer. Gas imports surged by 21% through the end of April compared to the previous year, while coal purchases saw a 13% increase. This spike in coal imports defied expectations of a moderation from last year’s record-setting pace, despite domestic production experiencing its first quarterly drop since the third quarter of 2020. Coal miners are facing challenges such as heightened safety scrutiny following fatal accidents and… Read More Here
Anglo rejects BHP's revised £34bn proposal 25 International 

Anglo rejects BHP’s revised £34bn proposal

Constance
Diversified major Anglo American has rejected a revised proposal put forward by BHP, which valued the UK-headquartered miner at about £34-billion. Under the revised proposal, unveiled by BHP on Monday, Anglo shareholders would receive 0.8132 BHP shares for each ordinary share they own, as well as ordinary shares in Anglo American Platinum (Amplats) and Kumba Iron Ore, which would be demerged. The terms of the revised proposal represent a total value, based on undisturbed share prices, of about £27.53 per Anglo American ordinary share, including £4.86 in Amplats shares and… Read More Here
Anglo investors tell company to move faster to survive BHP bid 26 International 

Anglo investors tell company to move faster to survive BHP bid

Constance
Anglo American Plc’s shareholders are pushing the company to speed up the release of its turnaround plan as the 107-year-old miner seeks to present an alternative to BHP Group Ltd.’s takeover bid. Anglo has been reviewing its business since mid-2023, looking at every mine in its portfolio to help reshape a company that’s fallen behind competitors in recent years. Yet that process was broadsided by a takeover approach last month from the world’s biggest miner. Now, Anglo shareholders have been urging the company to expedite that analysis and explain to… Read More Here
President Tshisekedi Engages with Nande Community Leaders on Eastern DRC Issues 27 Mining in DRC Governance 

President Tshisekedi Engages with Nande Community Leaders on Eastern DRC Issues

Constance
President Tshisekedi engaged in discussions on Saturday with a delegation comprising traditional chiefs, religious leaders, and economic stakeholders from the Nande community, hailing from the province of North Kivu. The meeting, held at the African Union City, focused on the security situation in the eastern region of the Democratic Republic of Congo (DRC), particularly addressing concerns such as the recent bombing of the Mugunga camp for displaced people in Goma and the socio-humanitarian challenges surrounding compensating the victims. Bishop Mohindo Isesomo, representing the Anglican Diocese of North Kivu, highlighted the… Read More Here
Alexandre Canas Discusses Lobito Railway's Strategic Importance at US-Africa Business Summit 28 Transport and Logistics Angola Mining in DRC 

Alexandre Canas Discusses Lobito Railway’s Strategic Importance at US-Africa Business Summit

Constance
Last week, Alexandre Canas, the country manager for Angola at Trafigura, participated in the Corporate Council on Africa’s US-Africa Business Summit held in Dallas. At the summit, Canas joined Angola’s Minister of Transport, Ricardo Viegas D’Abreu, on an AIPEX Angola-led panel to discuss the strategic significance of the Lobito railway. Trafigura is part of the consortium awarded a 30-year concession to operate the 1,300km Lobito railway, which traverses Angola to the border with the Democratic Republic of Congo. This railway is poised to become a vital link for trade and… Read More Here
Botswana vows to protect interests in potential BHP-Anglo deal 29 International 

Botswana vows to protect interests in potential BHP-Anglo deal

Constance
Botswana President Mokgweetsi Masisi vowed to protect the country’s interests, including its 15% stake in diamond giant De Beers, should BHP Group Ltd. acquire Anglo American Plc. Anglo, which rejected a BHP proposal valuing the mining company at about $39 billion, owns the other 85% of De Beers. Under the proposed deal, BHP — once a major diamond producer itself — said that De Beers would be put on a strategic review. Anglo, the only major miner with a big diamond business, has already been reviewing the future of units… Read More Here
Concerns Mount Over Mining Expansion in DRC's Okapi Wildlife Reserve 30 Mining in DRC Environment Social Governance (ESG) 

Concerns Mount Over Mining Expansion in DRC’s Okapi Wildlife Reserve

Constance
The burgeoning presence of artisanal and semi-industrial mining activities within the Okapi Wildlife Reserve (RFO) in Mambasa, located in the Bunia territory of Ituri province, has become a focal point for conservationists responsible for safeguarding this protected area of the Congolese state. Officials have pointed fingers at Chinese individuals as the primary instigators behind these practices. Albert Walaga, the manager of the reserve, expressed urgent concerns about the exploitation occurring within the reserve, attributing it to Chinese nationals. He emphasized the need for prompt action from all stakeholders to address… 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.