Copper

As the demand for copper surges amid the energy transition, mining experts expect supply deficits to emerge in coming years, in part due to lacklustre investment in exploration and construction of new copper mines. Mining company executives’ preference for safe, short-term returns has led to a massive underinvestment in new …

Zambia’s economic growth goals for this year are in jeopardy as the country’s copper production and prices, which account for more than 70% of export revenue, plummet. Production dropped 7.4% to 364,089 tons in the first half of 2022, according to figures released on Tuesday by the Zambia Chamber of …

For its copper mine expansion at Kansanshi in Zambia, First Quantum Minerals (FQM) has given Metso Outotec an order for two enormous horizontal grinding mills. The delivery from Metso Outotec features two Planet Positive PremierTM grinding mills, the largest Premier grinding mills the company has ever delivered, with a combined …

Konkola Copper Mines (KCM) should not look for a new investor until the legal dispute with Vedanta Resources is resolved, the Indian mining company stated on Tuesday. In May 2019, the former administration in Zambia placed KCM under the control of a liquidator, starting the continuing legal battle with Vedanta …

Metso Outotec has been awarded a contract for the delivery of advanced electrowinning equipment to a copper cathode production plant in Africa. The order value amounting to approximately EUR 11 million is booked in Minerals’ Q2/2022 orders received. Metso Outotec’s scope of delivery includes the supply of basic engineering and …

Moxico Resources (IPO-MOXI.L), a British company, proposes to invest $100 million in Zambia’s Mimbula copper mine, according to UK Minister for Africa Vicky Ford. Ford stated in a statement released by the British High Commission in Zambia while on a visit to the country that the investment will result in …

Castillo Copper, a base metal explorer with stock exchange listings in London and Sydney, has uncovered multiple copper-potential drill-testing targets at its Mkushi project in Zambia, the continent’s second-largest copper producer. Castillo claimed in a statement to Mining Weekly on Tuesday that the next phase in developing Mkushi, one of …

Zambia Finance Minister, Situmbeko Musokotwane, says high global copper prices should help attract the investment needed to allow Zambia to boost its annual production to about 3 million tonnes over the coming decade from an estimated 800,000 tonnes in 2021. First, however, the government must find an investor to take …

Commodities like copper are becoming increasingly important as the electric vehicle industry grows. Karan Rathi, board director of mining company Chillerton Group, speaks about the copper industry in Zambia and how the Covid-19 pandemic has heightened investor support for projects and communities. Zambia, after the Democratic Republic of Congo, is …

Mining corporations are considering investing in nations that they previously deemed too hazardous, such as the Democratic Republic of the Congo and Zambia, owing to a shrinking pipeline of large copper mines elsewhere and record-high prices. Because of investor concerns about unpredictable regulatory regimes, difficult working conditions, and corruption, some …