Copper

Lumwana copper mine’s Super Pit expansion project has been accelerated with first production now scheduled for 2028, the copper mine’s developers, Barrick recently told President Hakainde Hichilema. Mark Bristow, the President and Chief Executive Officer advised said the project will transform Lumwana into one of the world’s major copper mines, …

First Quantum Minerals, the Canadian mining giant, faces a critical crossroads as reports surface of potential negotiations to sell a portion of its stake in its Zambian copper mines to Jiangxi Copper Corporation, a state-owned Chinese enterprise. This move, if confirmed, could reshape the landscape of Zambia’s vital copper industry …

Copperbelt Energy Corporation Plc (CEC) has announced the registration of its green bond with the Securities and Exchange Commission on the sidelines of the COP 28 Climate summit. The registration of the green bond is a first for the country’s capital markets and is expected to attract more green finance …

Reduced supply from major copper producers Panama and Peru may flip the global copper market into a deficit from surplus in 2024 or at least tighten oversupply if the disruptions are not resolved in coming months, analysts said on Tuesday. Panama’s top court on Tuesday ruled that Canadian miner First …

VEDANTA Resources was on the cusp of bringing four years of dispute with the Zambian government over Konkola Copper Mines to a close, this is according to media reports. The reports quote the Indian firm as saying it was at an “advanced stage” of executing agreements with Zambia that could …

In Zambia, Africa’s second-biggest producer of copper, which is in high demand for the transition to a low-carbon economy, Mfikeyi Makayi will be the most senior woman yet in the mining sector. Silicon Valley start-up KoBold Metals, which uses artificial intelligence to identify battery metal deposits, has appointed a woman …

Zambia needs to have a workforce with the right skills so that productivity in copper production is enhanced. Skilled miners are critical to meeting the annual copper production of three million tonnes in the next 10 years. Training mine operators is one way of growing the sector as it increases …

WSP Africa Earth & Environment has emphasised the need for Southern African Development Community (SADC) countries to work together towards resolving common challenges, particularly in terms of logistics, where countries must rely on one another to efficiently export mineral products. To fully reap the benefits of the demand for battery-related …

First Quantum Minerals has reported a year-on-year increase to 242,000 tonnes of copper production at its Sentinel mine, 9,000 tonnes higher than in 2021, and record quarterly production of 73,000 tonnes in the fourth quarter of 2022, 13,000 tonnes higher than Q4 2021 and 9,000 tonnes higher than Q3 2022. …

MAJOR mining companies are getting increasingly involved in the Central African Copper Belt, expanding existing operations and exploring new discoveries as the positive fundamentals for copper in terms of soaring demand and limited new supply remain in place. Those groups include Barrick Gold, Anglo American, Ivanhoe Mines and First Quantum, …