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Galileo Resources Launches Drilling Program at Molefe Copper Project in Zambia 1 Mining in Zambia Copper Corporate News New Mining Projects News in Brief 

Galileo Resources Launches Drilling Program at Molefe Copper Project in Zambia

Constance
Galileo Resources Begins Drilling at Zambia’s Molefe Copper Project with Jubilee Metals IM-listed Galileo Resources has commenced drilling at its Molefe copper project in Zambia following the signing of a conditional cooperation and project development agreement with Jubilee Metals on November 27. The drilling program began with two holes completed out of an anticipated ten-hole campaign, initiated under the terms of the collaboration agreement. The program has multiple objectives: maintaining the current production profile over the next three months, replacing depleted resources over a six-month mid-term horizon, and executing a… Read More Here
Atomic Eagle Targets 100 Million Pounds of Uranium at Muntanga Project in Zambia 2 Mining in Zambia New Mining Projects Uranium 

Atomic Eagle Targets 100 Million Pounds of Uranium at Muntanga Project in Zambia

Constance
Atomic Eagle Unveils Massive Exploration Target at Muntanga Uranium Project in Zambia ASX-listed Atomic Eagle has announced a new JORC-compliant exploration target of 40 million to 100.5 million pounds of triuranium octoxide (U₃O₈), at a grade range of 150 to 350 parts per million (ppm), for its Muntanga project in Zambia. This target is in addition to the company’s existing JORC-compliant mineral resource, which includes 40 million pounds in the measured and indicated categories and 7.4 million pounds inferred. Atomic Eagle says the new exploration target underscores the scale of… Read More Here
Glencore Charts Bold Copper Expansion as It Cuts 2026 Output Forecast 3 International Copper Corporate News 

Glencore Charts Bold Copper Expansion as It Cuts 2026 Output Forecast

Constance
Glencore Unveils Major Copper Expansion Plan but Lowers 2026 Output Target Glencore Plc has announced an ambitious plan to nearly double its copper production over the next decade, even as it scales back expectations for 2026. The strategy, revealed during the company’s first capital markets day in three years, aims to restore investor confidence following a steep decline in output. Copper prices are currently at record highs, yet Glencore is on track to produce about 40% less copper this year compared with 2018, with volumes expected to fall further next… Read More Here
CKM Newsletter 01-12-2025 4 Uncategorized 

CKM Newsletter 01-12-2025

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                  The DRC & ZMB’s Top Mining News Platform CKM’s Mining Updates to Recharge Your Week     Jubilee Metals and Galileo Resources Form Strategic Alliance to Accelerate Molefe Copper Mine Development in Zambia…   Johannesburg- and London-listed Jubilee Metals Group has signed a cooperation and project development agreement with Galileo Resources to fast-track exploration and development at the Molefe copper mine in Zambia. Under the deal, Galileo can earn up to a 23.75% interest in the project by investing $700,000 in… Read More Here
Lucara Awards Key Lateral Development Contract for Botswana’s Karowe Underground Project 24 International Corporate News Diamond 

Lucara Awards Key Lateral Development Contract for Botswana’s Karowe Underground Project

Constance
Lucara Diamond Corp Selects Group R for Major Lateral Development Works at Karowe Underground Mine in Botswana Canada-headquartered Lucara Diamond Corporation has awarded the lateral development contract for its Karowe Underground Project (UGP) in Botswana to Group R Mining and Exploration Botswana. The contract covers all underground lateral development linking the production and ventilation shafts to the orebody. This includes construction of the extraction level, underground crushing chamber, fine ore bins, pump stations with vertical dams, drilling horizons, workshops, and all necessary connecting infrastructure to advance development toward the kimberlite.… Read More Here
Shuka Minerals Moves Closer to Full Acquisition of Zambia’s Kabwe Zinc Mine 25 Mining in Zambia Corporate News Mergers & Acquisitions Zinc 

Shuka Minerals Moves Closer to Full Acquisition of Zambia’s Kabwe Zinc Mine

Constance
Shuka Minerals to Receive Remaining Funds for Kabwe Zinc Mine and LEM Acquisition in December Aim- and AltX-listed Shuka Minerals has confirmed that it expects to receive the remaining funds needed to finalize its acquisition of Leopard Exploration and Mining (LEM) and the Kabwe zinc mine in central Zambia this month—slightly later than originally planned. In a December 1 update, the company said it had already completed the initial payment tranche, securing a 22.2% stake in LEM and the Kabwe project. However, subsequent payments from Gathoni Muchai Investments (GMI) are… Read More Here
Barrick Considers IPO of North American Gold Assets Amid Rising Costs and Investor Pressure 26 International Corporate News Gold 

Barrick Considers IPO of North American Gold Assets Amid Rising Costs and Investor Pressure

Constance
Barrick Mining Weighs IPO of North American Gold Assets as Operational Challenges Mount Barrick Mining (TSX: ABX; NYSE: GOLD) is considering an initial public offering (IPO) of its North American gold assets as the company confronts rising costs and a series of operational setbacks. In a statement, the board said it has unanimously authorized management to explore the creation and listing of a new subsidiary that would house key North American operations. Barrick would retain control of the proposed company, while listing only a small minority interest. The unit would… Read More Here
Zijin Mining Founder Chen Jinghe Steps Down After Decades of Transformative Growth 27 International Corporate News Mining Personality 

Zijin Mining Founder Chen Jinghe Steps Down After Decades of Transformative Growth

Constance
After Reaching $100B Valuation, Zijin Mining Founder Chen Jinghe Hands Over Leadership Zijin Mining Group Co. founder Chen Jinghe will step down as chairman after guiding the company for decades and elevating it into one of the world’s leading metals producers. According to a Saturday exchange filing, the 68-year-old executive chose not to seek re-nomination to the board, citing age and family considerations. He will transition into the role of honorary chairman and senior consultant. The Fujian-based company has not yet named his successor. Under Chen’s leadership, Zijin grew from… Read More Here
Kamoa-Kakula Sets Ambitious 2026–2027 Copper Production Targets as Dewatering Progress Accelerates 28 Copper Corporate News 

Kamoa-Kakula Sets Ambitious 2026–2027 Copper Production Targets as Dewatering Progress Accelerates

Constance
Ivanhoe Mines Projects Up to 540,000 Tonnes of Copper Output by 2027 as Kamoa-Kakula Dewatering Advances Ivanhoe Mines (TSX: IVN; OTCQX: IVPAF) Executive Co-Chairman Robert Friedland and President and Chief Executive Officer Marna Cloete have announced copper production guidance for 2026 and 2027 at the Kamoa-Kakula Copper Complex, alongside an update on the Kakula Mine’s dewatering and rehabilitation progress. Dewatering at Kakula continues to advance steadily, now approximately 70% complete on the western side of the mine and 60% complete on the eastern side. To date, 13.4 kilometres of underground… Read More Here
Angola’s First Gold Refinery Nears Completion, Testing Phase Set for December 29 International Gold 

Angola’s First Gold Refinery Nears Completion, Testing Phase Set for December

Constance
Endiama Confirms December Testing for Angola’s First Gold Refinery Endiama has announced that Angola’s first gold refinery—currently under construction in the Viana Industrial Park—is expected to begin its testing phase in the second half of December. The projection was shared this Thursday during a site visit by the company’s Chairman of the Board of Directors (PCA). According to an official statement accessed by VerAngola, the visit confirmed that the project is in its final stage of construction. The main building structure is already complete, and teams are now installing the… Read More Here

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