First Quantum to sell $500m in copper to China’s Jiangxi
FIRST Quantum Minerals' second-largest shareholder will pay $500m for copper shipments in an arrangement that strengthens the mining company’s balance sheet while its flagship...
Copper 360 says anomaly near former mine could be major discovery
COPPER 360 said drilling near Tweefontein, a now closed copper mine in the Northern Cape, delivered encouraging results with grades ranging between 2.12% and...
Gecamines seeking to shake up Congo’s joint venture agreements
THE Democratic Republic of Congo (DRC) is seeking to get more copper production from joint ventures it's involved in as well as secure offtake...
Copper 360 issues R100m in shares to fund Nama Copper deal
SHARES in Copper 360 rebounded 18% in Johannesburg on Monday after the mineral development company announced it had raised an additional R100m through the...
South32 gives nod to $2.16bn US polymetallic project Hermosa
SOUTH32 approved a $2.16bn zinc-lead-silver project in the US, as it released first-half results that saw it take a battering from a slump in...
Glencore bows to inevitable by shuttering nickel mine
THE steep decline in the nickel price has claimed another scalp after Glencore said on Monday it would shutter its 49%-owned Koniambo mine.
The announcement...
Vedanta’s Griffith targets $1.3bn rebuild of Konkola Copper
VEDANTA Base Metal's top priority in Zambia will be to restore the loss-making Konkola Copper Mines (KCM) to profitability and build up production from...
Congo firm to buy cobalt from artisanal miners within three months
THE Democratic Republic of Congo’s Entreprise Generale du Cobalt (EGC), a company established to buy up metal from the country's artisanal miners, could start...
Ivanhoe signs 250kt/y copper rail deal for Lobito Atlantic corridor
IVANHOE Mines, which is developing the Kamoa-Kakula copper complex in the Democratic Republic of Congo (DRC), has agreed to rail up to 250,000 tons...
Barrick brings $2bn Lumwana expansion forward to 2028
BARRICK Gold said first production from its Lumwana super pit expansion in Zambia had been accelerated with first production now scheduled for 2028.
The change...