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Copper Prices Surge Amid Supply Tightness and Chinese Demand Hopes 1 International Copper 

Copper Prices Surge Amid Supply Tightness and Chinese Demand Hopes

Constance
Copper prices soared to their highest intraday levels since January 2023, driven by tightening supply conditions and optimism surrounding a potential recovery in Chinese demand. On Monday, prices surged as much as 1.7% to reach $9,484.50 per ton, marking a 15% increase over the past two months. Major disruptions at key mines have led smelters to pay historically high prices for mined ore, while Chinese plants, responsible for over half of global refined copper production, are considering joint output cuts in response to the supply constraints. Investor sentiment has also… Read More Here
Rio Tinto Appoints Bold Baatar as Chief Commercial Officer 2 International Mining Personality 

Rio Tinto Appoints Bold Baatar as Chief Commercial Officer

Constance
Rio Tinto (ASX, LON, NYSE: RIO) has elevated copper executive Bold Baatar to the position of chief commercial officer, signaling the company’s confidence in him as a potential successor for the top role. Baatar, who joined Rio Tinto in 2013 and became copper chief in 2021, played a pivotal role in overseeing the successful underground expansion of the Oyu Tolgoi copper mine in Mongolia. He will assume the commercial post in September, succeeding retiring Alf Barrios, who will depart the company by year’s end. This move comes as Rio Tinto… Read More Here
FQM Addresses Environmental Risks at Cobre Panamá Mine 3 International Copper 

FQM Addresses Environmental Risks at Cobre Panamá Mine

Constance
First Quantum Minerals’ subsidiary, Minera Panamá, has issued a warning regarding the potential hazards of long-term copper concentrate storage at the Cobre Panamá mine. The company reports an increase in chemical reactions leading to the generation of dangerous gases and rising temperatures in the stored material. These factors pose environmental risks and threaten the health and safety of workers engaged in care and maintenance activities at the site. Since the forced closure of Cobre Panamá last December, ordered by the Laurentino Cortizo administration, First Quantum has been unable to export… Read More Here
Electra Battery Partners with ERG for DRC's Cobalt Supply 4 Mining in Zambia Battery Metals Cobalt 

Electra Battery Partners with ERG for DRC’s Cobalt Supply

Constance
In the race for the Democratic Republic of Congo’s (DRC) rich mineral resources, valued at a staggering $24 trillion, Electra Battery Materials has taken a significant stride. Recently, the company announced a pivotal agreement with Eurasian Resources Group (ERG) for a steady supply of Congolese cobalt. Under this arrangement, ERG, based in the DRC, will deliver 3,000 tonnes of cobalt hydroxide annually from its Metalkol operation to Electra. This cobalt will be channeled to a refinery located near Toronto, starting in 2026. This strategic partnership aligns with the United States’… Read More Here
Presidents Kagame and Ramaphosa Pledge Support for Political Resolution in DRC 5 Mining in DRC Governance 

Presidents Kagame and Ramaphosa Pledge Support for Political Resolution in DRC

Constance
Rwanda’s President, Paul Kagame, and his South African counterpart, Cyril Ramaphosa, recently met to reaffirm their commitment to finding a political solution to the conflict in the Democratic Republic of Congo (DRC). President Ramaphosa’s visit to Rwanda, coinciding with the 30th commemorations of the Rwandan genocide, provided an opportunity for discussions on regional stability. Expressing renewed determination, President Ramaphosa emphasized the need to address the longstanding challenges in the DRC, which has been marred by violence for over three decades. South African troops, leading a Southern African Development Community (Sadc)… Read More Here
Zambia's Labour Minister Urges Safety Measures at Column Coal Mine for Workers' Health 6 Mining in Zambia Coal Mining safety Safety & Health 

Zambia’s Labour Minister Urges Safety Measures at Column Coal Mine for Workers’ Health

Constance
Brenda Tambatamba, the Minister of Labour and Social Security, has advised management at Column Coal Mine in Sinazongwe district to avoid conducting mining operations near residential areas to mitigate health risks among workers. During her inspection of workers’ housing at the Collum Coal Mine as part of her ongoing labour inspections in Southern province, Ms. Tambatamba emphasized the importance of ensuring a safe distance between mining activities and residential zones to safeguard workers’ health. Additionally, the Minister urged management at the coal mine to enhance the living conditions of the… Read More Here
Zambia's Govt Urges Public Support for Mopani Copper Mines Revitalization 7 Mining in Zambia Copper Economy 

Zambia’s Govt Urges Public Support for Mopani Copper Mines Revitalization

Constance
The Zambian government has urged citizens to disregard political rhetoric aimed at undermining its efforts to revitalize Mopani Copper Mines (MCM) through a partnership with International Resources Holding (IRH). Minister of Mines and Minerals Development, Paul Kabuswe, emphasized that the decision to allocate 51 percent shares to IRH is solely aimed at rejuvenating operations at the mine and should not be politicized. Kabuswe urged the public to ignore false rumors about the deal, stating that their intentions are solely to discredit the government. He clarified that despite the partnership, the… Read More Here
Infinity to Inject $1 Billion Investment into Egypt's Gold Mining Sector 27 International Gold 

Infinity to Inject $1 Billion Investment into Egypt’s Gold Mining Sector

Constance
Russian mining firm Infinity is set to inject up to $1 billion into Egypt’s gold mining industry, aiming to not only bolster its own business portfolio but also invigorate the country’s extractive sector. Infinity has announced its participation in a bidding round initiated by the Egyptian mining company Shalateen Mineral Resources. The objective is to explore and exploit gold and associated minerals in Egypt, with a focus on the resource-rich basins of Baramiya and Hamata. This substantial investment by Infinity is anticipated to create around 100,000 jobs. Additionally, it includes… Read More Here
Gecamines Congratulates Judith Suminwa Tuluka on Prime Minister Appointment 28 Mining in DRC Mining Personality 

Gecamines Congratulates Judith Suminwa Tuluka on Prime Minister Appointment

Constance
The General of Carrières and Mines (Gecamines) extends its warm congratulations to Mrs. Judith Suminwa Tuluka on her recent appointment as Prime Minister. Gecamines, through its Board of Directors, General Management, and entire staff, applauds the confidence placed in Mrs. Tuluka by President Félix Tshisekedi. Mrs. Tuluka’s historic appointment as the first female Prime Minister in the Democratic Republic of Congo is celebrated as a significant milestone in the nation’s political history. It signifies a break from the past and instills pride in the Congolese people, heralding a new era… Read More Here

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