Base Metals

Tembo Capital agrees to extend term of $3.6m loan to Orion...

UK-based private equity firm, Tembo Capital, has agreed to extend a $3.6m loan facility  to Orion Minerals by about four months to end-October. Orion Minerals...

Copper market heading for V-shape recovery post-COVID-19 lockdowns

COPPER is forecast to emerge from the economic fallout caused by the COVID-19 pandemic in relatively good form, according to Bloomberg News which cited...

Zambia expropriation leaves energy firm on brink, and citizens wondering about...

THE Zambian government is panicking. Despite a recent rally, the pandemic has accelerated the dramatic fall in copper prices, leading to a collapse in...

Zambian Govt. attempt to strong-arm CEC to dent investment image, says...

AN attempt by Zambia to strong-arm the privately-owned Copperbelt Energy Corporation (CEC) into cutting tariffs may hurt the country's investment prospects, said Reuters citing...

China’s largest cobalt producer agrees to halt buying from individuals in...

HUAYOU Cobalt, China's biggest cobalt producer, will stop buying from individuals in the Democratic Republic of Congo (DRC) owing to pressure from customers and...

Orion Minerals discussed selling shares in Prieksa Copper Zinc Project to...

SOUTH Africa's state-owned Industrial Development Corporation (IDC) and the Public Investment Corporation (PIC) were among the potential equity investors with whom Orion Minerals had...

Strike ends at Tenke Fungurume after workers agree “isolation bonus” following...

A STRIKE at China Molybdenum’s Tenke Fungurume Mining (TFM) was bought to an end after only a day on Sunday, said Reuters citing Willy Kitobo Samsoni,...

Deep-South scopes $341m Haib copper project in Namibia, says it will...

CANADIAN base metals development firm, Deep-South, said it could build an 86,000 ton a year copper cathode and sulphate mine in Namibia for $341m,...

Vedanta’s KCM fights off move to cut power after supplier claims...

KONKOLA Copper Mines (KCM) won an interim order from the High Court in Zambia preventing power supplier, Copperbelt Energy Corporation (CEC) from cutting supply...

Orion secures $1m loan from Tembo Capital ahead of Prieska Copper-Zinc...

ORION Minerals has secured a $1m loan from Tembo Capital, a UK-based private equity firm that owns 25% in the base metals exploration firm. The loan...