The Democratic Republic of Congo (DRC) is actively seeking new investors to diversify its mining sector, currently dominated by China, according to Mines Minister Kizito Pakabomba. The DRC, home to world-class deposits of key metals like copper and cobalt, is looking to attract a wider range of investors by streamliningContinue Reading
The government plans to transfer more than 40 of its reserved permits to a state-owned enterprise. Zambia is poised to significantly increase its copper production, with ambitions to more than quadruple output by the early 2030s, according to Bloomberg News. This ambitious plan requires substantial investment from companies to transitionContinue Reading
Copper prices are expected to average around US$10,265 per tonne in the final quarter of 2024, according to estimates from Fastmarkets. Analysts at Reuters note that a positive economic outlook in both the United States and China will likely contribute to upward pressure on copper prices. Goldman Sachs has alsoContinue Reading
Mining services provider Makor Resources, in partnership with Jubilee Metals Zambia, has joined the Zambian government’s efforts to assist subsistence farmers affected by a recent drought that has severely impacted agriculture and food security in the country. Ndola District Commissioner Joseph Phiri, alongside Makor Resources CEO Brooke Bibeault and JubileeContinue Reading
Saudi Arabia’s Manara Minerals is nearing the completion of a deal to acquire a minority stake in First Quantum Minerals’ Zambian copper and nickel operations, according to sources familiar with the negotiations. Manara, a joint venture between Saudi mining giant Ma’aden and the $925-billion Public Investment Fund, is in advancedContinue Reading
TSX-V-listed GoviEx Uranium has successfully completed a comprehensive metallurgical test program at Mintek in South Africa, aimed at validating the heap leach process for its Muntanga project in Zambia. The test results confirmed uranium recovery rates of 90% or higher from the main Muntanga and Dibbwi East deposits, which accountContinue Reading
Tertiary Minerals, listed on AIM, has successfully completed its first drilling program at the Mushima North copper project in Zambia. The initiative aimed to assess the A1 and C1 copper, zinc, and arsenic soil anomalies, which were identified during last year’s soil sampling efforts. The program involved 25 reverse circulationContinue Reading
The Zambian government plans to retain a majority stake in select promising mining licenses identified through an ongoing mapping exercise, while inviting private investors to develop these assets through joint ventures with the state. Mines Minister Paul Kabuswe announced the creation of a special purpose vehicle (SPV) to facilitate theseContinue Reading
Musamu Resources has urged the establishment of a manganese processing plant in Zambia, emphasizing the importance of increasing local participation in the country’s mining sector. The company believes that a domestic processing facility would add value to the raw materials, creating more jobs and stimulating economic growth. In addition, MusamuContinue Reading
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
