Base Metals

AfriTin raises £13m for Uis first phase expansion following placement of...

AFRITIN, the UK-listed miner and development firm, raised £13m in an accelerated book-build with the proceeds earmarked for first phase expansion of its Uis tin...

First Quantum’s Zambia assets play part in firm’s 2018 record production

FIRST Quantum Minerals, the Toronto-listed firm, reported record copper production and sales for 2018 which came in 6% and 3% higher respectively year-on-year. Full year...

Glencore lowers key metals targets for 2019 amid review of DRC’s...

GLENCORE lowered its expectations for full-year production of copper to 40,000 tonnes owing to safety- and smelter-related outages at Mopani in Zambia whilst it...

Tension rises at Glencore’s KCC mine as artisanal miners refuse to...

THE atmosphere at Glencore's Kamoto Copper Mines (KCC) in the Democratic Republic of Congo (DRC) was tense after artisanal miners defied a government army...

Miners claim Zambia owes more than double the $215m acknowledged by...

ZAMBIA acknowledged it owed mining companies $215m in tax refunds, but miners insist the outstanding amount is more than double, said Reuters. Finance Minister Bwalya...

Khoemacau Copper Project eyes potential IPO in 2022 following project ramp-up

THE backers of the Khoemacau Copper Project plan to list their investment in about 2022 at which time it will be producing around 60,000...

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...

DRC issues six month waiver on copper concentrate export ban

THE Democratic Republic of Congo (DRC) has issued a six-month waiver to an export ban on copper concentrate, said Reuters, citing a letter it...

Vedanta warns off KCM asset pickers as Zambia’s provisional liquidator proceeds...

VEDANTA Resources has warned potential buyers of assets held in its 85%-owned Konkola Copper Mines (KCM) that any corporate activity would be "deemed inappropriate",...

Copper production required to double by 2050, says outgoing Glencore boss

COPPER consumption would double by 2050 which could leave the world with a major supply deficit, said Reuters citing the views of Ivan Glasenberg,...