copper

Zambia: Xtract enters option agreement for Eureka project

Posted on March 6, 2019March 6, 2019 by Mozambique Resources Post

Xtract Resources has concluded a memorandum of agreement with KPZ International to enter into an option agreement for the Eureka copper/gold project area, in Zambia.

Africa Mining: Congo 2018 copper output up 12.9%

Posted on February 7, 2019February 7, 2019 by Mozambique Resources Post

Copper production in Democratic Republic of Congo, Africa’s top producer, rose 12.9 percent in 2018 to 1.2 million tonnes, the Chamber of Commerce said in a presentation on Wednesday.

Africa Mining: Botswana’s Mowana copper mine suspends operations

Posted on December 12, 2018December 12, 2018 by Mozambique Resources Post

GABORONE – Mowana Mine, Botswana’s only operating copper mine, has suspended operations due to working capital constraints which has seen the company fail to pay salaries and suppliers, it said on Tuesday.

Africa Mining: Zambia’s September copper output up 10.4% y/y

Posted on November 23, 2018 by Mozambique Resources Post

Zambia’s annual copper output rose 10.4% in September to 631 359 tonnes, the central bank in Africa’s second-biggest producer of the industrial metal said on Wednesday.

Africa Mining: Zambia says open to dialogue with miners over tax increases

Posted on October 9, 2018October 15, 2018 by Mozambique Resources Post

Zambia’s Finance Ministry said on Sunday that it was open to dialogue with mining companies over the government’s plans to increase mining taxes as reported by Reuters news agency.

Africa Mining: “Zambia copper output up 10.6% in first half of 2018” – Central Bank

Posted on August 23, 2018 by Mozambique Resources Post

LUSAKA – Zambian copper output rose 10.6% to 402 222 t in the first half of the year, the central bank governor Denny Kalyalya said on Wednesday. Zambian copper mining industry has been increasing production of the metal thanks to stable power supply and relatively higher metal prices in recent months.

Africa Mining: Chinese firm launches $832m Zambia copper mine

Posted on August 23, 2018 by Mozambique Resources Post

LUSAKA, Aug 22 (Reuters) – NFC Africa, majority owned by China Non-ferrous Metals Company Limited (CNMC), on Wednesday launched output at a new $832 million Zambian copper mine, extending the firm’s lifespan by over 20 years.

Africa Mining: Congo copper faces increased LME scrutiny with audits

Posted on August 17, 2018 by Mozambique Resources Post

The London Metal Exchange (LME) will start requiring that copper producers which source metal from the Democratic Republic of Congo (DRC) carry out independent audits to prove their material is ethically sourced, according to people familiar with the matter.

Africa Mining: Congo copper production in Q1 rises 8%; cobalt output up 34%

Posted on June 1, 2018 by Mozambique Resources Post

Democratic Republic of Congo produced 296 717 t of copper in the first quarter of 2018, up 8.2% over the same period last year, the central bank said in a report on Thursday.

Africa Mining: Congo miners continue to press gov’t for code revision

Posted on May 15, 2018 by Mozambique Resources Post

Kinshasa, DRC, 14 May 2018 – The commission appointed to draft the regulations to effect the 2018 Mining code has officially completed its work and will now report back to the Minister of Mines who will work with the inter-ministerial commission ahead of presenting it to government for approval, industry representatives* said today.

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