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Glencore banks on Anuri mine to extend life of Raglan nickel-copper project 1 International Battery Metals Copper Nickel 

Glencore banks on Anuri mine to extend life of Raglan nickel-copper project

Constance
Glencore (LSE: GLEN) has inaugurated the Anuri mine, which will lengthen the Raglan nickel-copper project’s life for at least 20 years. The company says this is undertaking highlights its ongoing commitment to the local communities in which it operates. The Raglan mine, located in northern Quebec, began operations in 1997. It was the first mining project to sign an impact and benefits agreement with the local Indigenous bands. The mine’s name Anuri, which means “wind” in Inuktitut, was chosen by a committee of Raglan employees. The mine is part of… Read More Here
Jiangxi Copper buys $212 million of First Quantum shares 2 Mining in Zambia Copper 

Jiangxi Copper buys $212 million of First Quantum shares

arnbethnic
First Quantum Minerals Ltd.’s second-largest shareholder bought an additional C$287.5 million ($212 million) in shares of the Canadian metals producer that’s been hurt by the forced closure of its flagship copper mine in Panama. China’s Jiangxi Copper Co. bought 25.9 million First Quantum shares for C$11.10 each through a stock sale by the Canadian company, according to a Friday regulatory filing. The Canadian company raised C$1.55 billion last month through a bought deal offering that was part of refinancing measures to shore up its balance sheet following the shutdown of… Read More Here
Zambia Embraces US-Backed Project to Transform Copper Mining Logistics 3 Mining in Zambia Copper Mining in DRC Transport and Logistics 

Zambia Embraces US-Backed Project to Transform Copper Mining Logistics

Constance
Zambian President Hakainde Hichilema has hailed a transformative initiative supported by the United States, aiming to link the nation’s copper mines to the Angolan port of Lobito, presenting what he calls a “once-in-a-lifetime” opportunity for Zambia. The ambitious project involves the construction of new railway infrastructure in Zambia, connecting mining operations owned by companies such as Barrick Gold Corp. and First Quantum Minerals Ltd. to the Atlantic Ocean port of Lobito in Angola. The United States is contributing to the refurbishment of the Angolan railway with a $250 million loan,… Read More Here
First Quantum Minerals completes pair of key financing deals 4 Mining in Zambia International 

First Quantum Minerals completes pair of key financing deals

arnbethnic
First Quantum Minerals Ltd. has completed two key financing deals to raise a total of more than US$2 billion that it plans to use to repay other debt and for general corporate purposes. The refinancing comes as the company pursues an international arbitration process over Panama’s decision to effectively shut down the company’s copper mine in the country. First Quantum chief executive Tristan Pascall says the successful completion of the refinancing has strengthened the company’s balance sheet and will enable it to deliver on an expansion at its Kansanshi mine… Read More Here
SOLWEZI COOPERATIVES RECEIVE K2.6M BOOST FROM FQM  5 Mining in Zambia Copper Corporate social responsibility 

SOLWEZI COOPERATIVES RECEIVE K2.6M BOOST FROM FQM 

Constance
First Quantum Minerals (FQM) has doubled the number of small business cooperatives it supports under its Tujipamo Community Project to empower entrepreneurs in the areas around its Kansanshi mine in Solwezi. Some K2.6 million has been disbursed to 12 cooperatives this year, building on the support for six cooperatives last year by the company’s Kansanshi Mining operation. The Tujipamo Community Project builds upon the success of last year’s pilot project, under which Kansanshi Mining supported six cooperatives with more than K5 million. The positive impact of this initial endeavour encouraged… Read More Here
Panama to defend interests in FQM case, official says 6 Copper International 

Panama to defend interests in FQM case, official says

Constance
Panama will defend its interests in a legal dispute with Canadian miner First Quantum, Panama’s deputy finance minister told Reuters on Monday. The miner had last week said it was seeking $20 billion through international arbitration after Panama ordered the closure of a major copper mine there. The government ordered the shutdown in December after protests calling for more environmental protections erupted across the country and a court ruling deemed the contract to run the mine unconstitutional. “As we have done before will defend the interests of the Republic of… Read More Here
Westate Resources Commits $120M to Nangoma Mining Ventures in Zambia 7 Mining in Zambia 

Westate Resources Commits $120M to Nangoma Mining Ventures in Zambia

Constance
Westate Resources Limited, an Australian-based company, has announced plans to invest approximately $120 million in mining ventures in Nangoma, Central Province. Managing Director Paul Berresford stated that this infusion of capital is intended to bolster expansion and exploration initiatives in the area. During discussions with Central Province Minister Princess Kasune, Mr. Berresford emphasized that the funds will be allocated in phases to support various facets of the company’s operations, with a primary emphasis on fostering sustainable growth and responsible resource management. Minister Kasune underscored the importance of adherence to established… Read More Here
DRC's CAMI Implements Accountability System Under New Leadership 8 Mining in DRC 

DRC’s CAMI Implements Accountability System Under New Leadership

Constance
In a landmark move for the Mining Cadastre (CAMI) in the Democratic Republic of Congo, the newly appointed steering committee has initiated an accountability system since assuming office on August 9, 2023. On Monday, February 26, 2024, CAMI’s Director General, Popol Mabolia, presented the significant accomplishments and future outlook of the new team to stakeholders in the mining sector during a press café held at CAMI’s headquarters in Gombe. Mabolia highlighted several achievements, including the resolution of technical issues with 3,050 mining titles, with approximately one-third facing legal challenges. CAMI… Read More Here
Zambia and World Bank Partner to Boost Copper Production 9 Mining in Zambia Copper Economy 

Zambia and World Bank Partner to Boost Copper Production

Constance
Zambia, in collaboration with the World Bank, has embarked on a strategic initiative to elevate the country’s annual copper production to three million metric tonnes, signaling a concerted effort to revitalize the economy and leverage its mineral wealth. Speaking at the Roadmap for Leveraging Zambia’s Energy Transition Mineral Endowment for Economic Transformation Workshop in Lusaka, Finance and National Planning Minister, Situmbeko Musokotwane, unveiled plans for this ambitious endeavor. He emphasized the importance of value addition, citing a robust market demand poised to drive Zambia’s copper industry forward. “Despite the passage… Read More Here
Transformative Copper Venture Set to Energize Mumbwa Region in Zambia 10 Copper Mining in Zambia New Mining Projects 

Transformative Copper Venture Set to Energize Mumbwa Region in Zambia

Constance
In a significant development poised to revitalize Central Province, a joint venture copper mine, the Kitumba Mine, is set to commence operations in Mumbwa with an initial infusion of US$500 million, promising to generate approximately 2,000 direct employment opportunities. Minister of Mines and Minerals Development, Paul Kabuswe, unveiled this promising venture during an interview on ZNBC’s Sunday Interview program, where he underscored the transformative impact expected in the mining sector. “Kitumba Mine, a collaborative effort between Zambian and British stakeholders, marks a turning point for the region,” Minister Kabuswe remarked.… Read More Here

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