Zijin Mining Group, China’s largest metals producer, reported a 52% increase in net profit for 2023, fueled by higher production and surging copper and gold prices. Strong Financial Performance The company posted a net income of 32.1 billion yuan ($4.4 billion), in line with its earlier forecast of 32 billionContinue Reading
A catastrophic waste spill from a Chinese-owned copper mine in Zambia has triggered an environmental and public health emergency, with authorities warning of severe long-term damage to the Kafue River, the country’s most critical water source. 50 Million Liters of Toxic Waste Contaminate Key Waterway An investigation by the EngineeringContinue Reading
Ecora Resources (LSE, TSX: ECOR), a leading critical minerals royalty company, has signed a $50 million streaming deal with Moxico Resources for its flagship Mimbula copper mine in Zambia. This strategic agreement solidifies Ecora’s foothold in the copper sector while ensuring long-term revenue streams. A Game-Changing Deal The all-cash transactionContinue Reading
The Democratic Republic of Congo (DRC) is ramping up efforts to tackle the illegal export of its minerals, particularly those allegedly smuggled by the Rwandan-backed M23 rebels. At a cabinet meeting on Friday, Mines Minister Kizito Pakabomba unveiled new measures aimed at cutting off the rebels’ access to revenue fromContinue Reading
Japan has pledged $1.2 million in grant aid to strengthen Zambia’s mining sector, supporting the country’s efforts to expand its mineral production. The funds will be used to acquire advanced laboratory equipment for Zambia’s Geological Survey Department, enhancing its ability to identify viable mining sites and improve operational efficiency. FinanceContinue Reading
ASX-listed Prospect Resources has unveiled its maiden mineral resource estimate (MRE) for the Mumbezhi Copper Project in Zambia, reporting 107 million tonnes at 0.5% copper, containing a total of 515,000 tonnes of copper. Resource Breakdown The MRE covers two key deposits: Nyungu Central and Kabikupa. Key highlights include: While goldContinue Reading
AIM-listed Rome Resources has reported promising assay results from drill hole MADD018 at its Mont Agoma prospect in the Democratic Republic of Congo, confirming substantial copper and tin mineralization. Key Findings Exploration and Future Plans Mont Agoma has historically delivered significant polymetallic mineralization, with copper and zinc dominating near theContinue Reading
China is ramping up its imports of off-exchange refined copper, fueled by a production boom in the Democratic Republic of Congo (DRC) and growing concerns over potential disruptions from U.S. scrap restrictions, according to analysts and traders. This surge underscores China’s increasing reliance on Congolese copper, which now dominates aContinue Reading
Battery-operated outdoor power equipment is a game-changer Do you need to update your outdoor power equipment but you’re not sure if battery or petrol-operated is the better option? With the recent advancements in technology, choosing between the two makes for an interesting debate. Brad Barthorpe, Sales Manager – Distributors AfricaContinue Reading
Maintenance costs, which are traditionally grudge expenses for businesses or industrial operations, can be kept to a minimum by ensuring that maintenance crews are properly trained in key aspects of the condition monitoring process. So says Steven Lumley, technical manager at specialist condition monitoring company, WearCheck. ‘The rate at whichContinue Reading
