Battery metals explorer Patriot Lithium has entered a binding option agreement to acquire an 80% stake in Zambia’s Katwaro Copper Project from Array Metals and Natural Resources. This strategic acquisition is part of the company’s efforts to diversify its asset portfolio and broaden its geographic presence. The Katwaro Project, locatedContinue Reading
Zambia’s Minister of Mines and Minerals Development, Paul Kabuswe, announced the country’s goal to boost copper production to over 1 million tonnes by 2025, with an eye on reaching 3 million tonnes by 2031. Speaking at the Mining and Investment Insaka in Lusaka, he expressed optimism about achieving these targets.Continue Reading
Zambia has officially joined the Central Corridor Transit Transport Facilitation Agency (CCTTFA) in a strategic move aimed at enhancing regional trade and connectivity. This decision is expected to improve Zambia’s access to key seaports and strengthen its trade links with neighboring countries. By becoming a member of the CCTTFA, ZambiaContinue Reading
The Ministry of Commerce, Trade and Industry (MCTI) has signed a Memorandum of Understanding (MoU) with the National Quality Institutions (NQI) to implement the Lobito Corridor Trade Facilitation Project, backed by an $8.1 million grant from the African Development Bank. This initiative aims to improve both domestic and cross-border tradeContinue Reading
A long-standing dispute between a Glencore Plc subsidiary and the Democratic Republic of Congo (DRC) revolves around a deal made years ago by Israeli businessman Dan Gertler, who has been sanctioned by the US for alleged corruption. The conflict involves the Kamoto Copper Company (KCC), a significant copper and cobaltContinue Reading
On September 30, global mining leader BHP published a report indicating that the transition to sustainable energy will boost copper demand by an additional one million tonnes annually through 2035. The rising adoption of copper-intensive technologies, especially in renewable energy and electric vehicles (EVs), has already led to a doublingContinue Reading
n October 3, 2024, Zambian President Hakainde Hichilema, accompanied by his cabinet members, officially launched the development of a Super Pit at Barrick’s Lumwana copper mine. The feasibility study for this expansion is anticipated to be completed by the end of the year, setting the stage for construction to commenceContinue Reading
Barrick Gold Corporation (NYSE)(TSX) has reached an agreement with the government of Mali to pursue a global resolution to the ongoing claims and disputes involving Barrick’s Loulo and Gounkoto gold mining operations. The specifics of the agreement, primarily based on Barrick’s initial proposals, will be disclosed once the settlement termsContinue Reading
Barrick Gold (TSX: ABX)(NYSE: GOLD) announced on Tuesday the discovery of significant new gold deposits near its Kibali mine in the Democratic Republic of Congo (DRC). These deposits, found at Africa’s largest bullion operation, are expected to extend the mine’s lifespan and enhance production capabilities. During a media briefing, PresidentContinue Reading
Canada Rare Earth Corp. has finalized a supply agreement with SAKIMA SA, a state-owned mining company in the Democratic Republic of Congo (DRC), through its wholly owned subsidiary, Simba Essential Minerals. This agreement significantly bolsters Canada Rare Earth’s supply chain for rare earths and other essential minerals sourced from theContinue Reading
