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FQM Engages with Jiangxi Copper on Funding and Business Options 1 Copper Mining in Zambia 

FQM Engages with Jiangxi Copper on Funding and Business Options

Constance
Executives from Canadian mining company First Quantum Minerals recently held discussions with Chinese government officials regarding funding and business strategies involving top investor Jiangxi Copper Co, according to three sources familiar with the matter. The talks, which took place in Jiangxi province, covered various topics, including the potential for Jiangxi Copper to gain influence on First Quantum’s board decisions, the future of First Quantum’s Zambian assets, and the possibility of Jiangxi purchasing disputed copper concentrates inventory from Panama. While shares of First Quantum rose 5% on the Toronto Stock Exchange… Read More Here
Glencore makes additional investment in Stillwater Critical Minerals 2 International 

Glencore makes additional investment in Stillwater Critical Minerals

Constance
Glencore’s Canadian subsidiary has made an additional investment of C$2.1 million in Stillwater Critical Minerals (TSXV: PGE) and its flagship nickel project located in the Stillwater mining district of Montana. The Stillwater West project – which is also prospective for copper, cobalt, platinum group elements and gold – represents the largest nickel resource in an active US mining district, according to estimates by Stillwater Critical. In a January 2023 technical report, the company defined 1.6 billion lb. of nickel, copper and cobalt in inferred resources, and 3.8 million oz. of… Read More Here
NGOs Call on President Tshisekedi to Address Disappearance of Precious Diamond 3 Mining in DRC Diamond 

NGOs Call on President Tshisekedi to Address Disappearance of Precious Diamond

Constance
Two non-governmental organizations (NGOs) advocating for human rights defense are calling on President Félix Antoine Tshisekedi to intervene in a case involving the disappearance of a precious stone weighing over 40 carats from the facilities of the Ministry of Mines in the province of Lomami. The NGOs, “Environment, Natural Resources for Development” (ERND Institute) and “Proximity Leaders for Local and Inclusive Governance” (LPGLI-RDC), emphasized the importance of tracing the missing stone to prevent financial losses for the Congolese state. In a statement released on Tuesday, March 26, 2024, the NGOs… Read More Here
FQM executives get pay increases despite company’s woes 4 International Copper 

FQM executives get pay increases despite company’s woes

Constance
The senior executive team at Canadian copper miner First Quantum Minerals Ltd.FM-T +2.32%increasegot substantial compensation bumps and favourable performance reviews in a year the company was forced to shut down its biggest mine, and its stock lost more than half its value. Late last year, Vancouver-based First Quantum shuttered the Cobre Panama mine after Panama’s Supreme Court declared its mining contract was unconstitutional. The giant copper mine in Panama accounted for about half of First Quantum’s revenue. The company’s financial condition deteriorated so much in the aftermath that it was… Read More Here
Bell Equipment Reports Record Sales and Strategic Initiatives for Future Growth 5 International Mining Equipment 

Bell Equipment Reports Record Sales and Strategic Initiatives for Future Growth

Constance
Bell Equipment (Bell) has announced its final results for the year ending December 31, 2023, achieving record sales and production. Ashley Bell, CEO of Bell, attributed this success to unprecedented global demand for equipment, driven by positive commodity cycles and infrastructure spending, marking the second consecutive year of pleasing results. Despite facing significant challenges such as supply chain disruptions, port congestion in South Africa, and labor shortages in Europe, Bell expressed pride in the resilience and adaptability demonstrated by the Bell team throughout the year. However, higher logistics costs and… Read More Here
Koryx Copper Raises N$21 Million for Exploration Projects in Namibia and Zambia 6 Mining in Zambia Exploration New Mining Projects 

Koryx Copper Raises N$21 Million for Exploration Projects in Namibia and Zambia

Constance
Koryx Copper Inc. has successfully raised N$21 million (C$1.505.250) through a private placement to fund further exploration projects in Namibia and Zambia, as well as for general working capital. The company offered 23,157,692 units at C$0.065 per unit, with each unit comprising one common share and one common share purchase warrant. Each warrant allows the holder to purchase one common share at an exercise price of $0.10 within thirty-six (36) months from the closing date of the private placement. All securities issued are subject to a mandatory four-month and one-day… Read More Here
North of Superior Healthcare Group and Barrick Donate $1 Million to Families Closer to Home Campaign 7 International Corporate social responsibility Gold 

North of Superior Healthcare Group and Barrick Donate $1 Million to Families Closer to Home Campaign

Constance
The North of Superior Healthcare Group (NOSH) and Barrick Gold Corporation (Barrick) are pleased to announce a significant milestone in the Families Closer to Home Campaign. Barrick has generously donated $1 million towards the campaign, propelling the fundraising efforts over halfway to its $2 million goal. The Families Closer to Home Campaign, initiated by NOSH, aims to address the pressing need for enhanced long-term care facilities in the Marathon, ON area. With the strain on the province’s long-term care system, local residents have faced challenges including relocation away from home,… Read More Here
FQM COMMITS TO STRENGTHENING LOCAL PROCUREMENT AND CAPACITY BUILDING 8 Mining in Zambia Economy Press Release 

FQM COMMITS TO STRENGTHENING LOCAL PROCUREMENT AND CAPACITY BUILDING

Constance
First Quantum Minerals Ltd has reaffirmed its dedication to fostering local economic development through enhanced procurement strategies and supplier capacity building. This commitment was underscored during a visit to the company’s Trident project this week by senior representatives of the Zambia Association of Manufacturers (ZAM). This senior delegation included the ZAM President, Board Members, and the organisation’s CEO.In line with the government’s drive to support local businesses and communities, First Quantum is prioritising local procurement initiatives and actively engaging with local suppliers. “We believe that local procurement is essential for… Read More Here
Gécamines Mining in DRC Cobalt Copper 

US Seeks Closer Ties with DRC Miner Gecamines to Secure Critical Mineral Supply

Constance
The United States is actively engaged in regular dialogue with the Democratic Republic of Congo’s state miner, Gecamines, as part of efforts to strengthen ties with key suppliers of cobalt and copper in Africa, a senior State Department official informed Reuters. With China’s aggressive investment in Congo, Zambia, and other African nations, Washington has increasingly expressed concerns about the concentration of mineral supplies essential for electric vehicles and electronics in the hands of a single dominant player. Jose Fernandez, the US State Department’s under secretary for economic growth, energy, and… Read More Here
GHH to expand in Türkiye and beyond 9 International Mining Equipment Press Release 

GHH to expand in Türkiye and beyond

Constance
The German manufacturer of machines for mining and tunnelling industries GHH has agreed a partnership with the Japanese machine and truck distributor Marubeni Dağıtım ve Servis in Türkiye. This opens up growth opportunities for both companies far beyond the country’s borders. In addition to its geopolitical importance, Türkiye has numerous mineral resources, including copper, iron ore, coal and chrome, as well as the world’s largest boron deposits. These resources have helped to make the country an important player and hub in the global commodities market. As one of the major… Read More Here

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