First Quantum Minerals will build Africa Copper Smelter
First Quantum Minerals may consider building a copper smelter in Africa to help ease a capacity shortage that has raised costs at its mines. For full story, click here
Articles Tagged "Africa"
First Quantum Minerals have bulit Africa Copper Smelter
First Quantum Minerals may consider building a copper smelter in Africa to help ease a capacity shortage that has surged costs at its mines, the company’s president said on Wednesday, lifting its shares. For full story, click here
Zambia prepares to take over Glencore's copper mines
Africa’s biggest copper producer, Zambia announced that it is prepared to take over two mines operated by Glencore International AG if the company halts output at the sites next month. Mines Minister, Maxwell Mwale, said: If they want to place the mines on care and maintenance they should surrender the assets to the government. For [...]
Chilean Copper miner set eyes on expansion in Africa, Australia
Chilean copper miner Antofagasta is actively looking as far afield as Africa and Australia for its growth prospects as growth by exploration is the core pillar of the strategic plan of the miner. The collapse in copper prices, which have more than halved since their peak in July 2008, has opened up several opportunities for [...]
Zambia in talks with IMF for $200 million loan to boost reserves
Zambia, Africa’s biggest copper producer, is in talks with the International Monetary Fund for loans of about $200 million to help boost its foreign currency reserves after prices for the metal dipped. Zambia’s central bank Governor, Caleb Fundanga, stated: Our balance of payments position has deteriorated quite considerably. For full story, click here
Zambia's H1 Copper Output Up
The six month results up to June 2008 showed Zambia’s copper output up by 20 percent to 286,750 as compared to last year during the same time period. Concerns about heavy rains in November may have an impact on their intended targets for 2008. Central bank’s deputy governor Denny Kalyalya told Reuters Africa’s top copper [...]
Zambia's LCM to Start Copper Mine 2009
Zambia’s Luanshya Copper Mines (LCM) plans to produce 60,000 tons of copper cathode in a new copper mine in 2009. LCM is a joint venture of the International Mineral Resources (IRM) and Bein Stein Group Resources (BSGR). “We are on course with all our production targets at Luanshya (Baluba mine) and Chambishi,” he said in [...]
Mokambo Property Copper Results
ICS Copper Systems Ltd. announced that the completion of their diamond drill program revealed a drill of 40.9 metres of 1.10 percent copper and 16 metres of 1.56 percent copper. To confirm that the historic mineral estimate was accurate and to bring the estimate into a NI 43-101 compliant mineral resource, ICS re-sampled the same [...]
Zambia Grants Mining License for Copper
The Mkushi copper project has been given the green light in the next phase of the approval process. The Zambian-based mine expects to be producing copper concentrate by the middle of 2010 and peak at 59,000 tons. The mine is owned by African Eagle Resources and CGA Mining. It said mineral resources had been [...]
Zambia's Konkola to Raise Copper Output
Zambia’s Konkola Copper Mines are expected to increase their copper cathode production from 150,000 tonnes to 250,000 tonnes. A smelter has been commissioned, which is to be a $372 billion project. This is a promising move forward from the initial $1 billion the company had intended to invest in development. Sam Equamo, KCM’s communications advisor, said [...]
