Ivanhoe Mines’ Kamoa-Kakula hits record copper production in August
Copper complex in the DRC achieved a monthly production of 40,347 tonnes of copper in concentrate in August.
Africa
Sovereign Metals touts ‘outstanding’ battery-grade graphite from Malawi project
Sovereign Metals (ASX: SVM; LSE: SVML) has reached a major milestone by confirming the battery-quality of graphite concentrate to be processed from its Kasiya project in Malawi. The Australian company…
Uranium market under pressure, but long-term outlook remains positive
The uranium market has faced some short-term pressure, with spot prices dropping below US$80 per lb. after hitting a peak of US$107 in February. Despite this drop, prices are still…
Kodal Minerals to be first lithium producer in West Africa listed in London
Kodal Minerals (LSE: KOD) is set to become West Africa’s first London-listed lithium producer when its Bougouni project in southern Mali begins production, planned for this year’s fourth quarter. The…
Gold miner Robex reports loss as it pivots from Mali to Guinea
West Africa-focused gold miner Robex Resources (TSXV: RBX) reported a 10% increase in gold production and a 35% rise in revenue for the second quarter of 2024. However, the company…
Ganfeng Lithium cuts spending as consumers ease off the pedal for EVs
China’s Ganfeng Lithium, one of the world’s largest producers of the battery metal, says it will delay spending on projects that don’t generate “significant near-term returns” after reporting a first-half loss…
Midnight Sun shares plunge as Zambia blocks copper target’s exploration
Midnight Sun Mining (TSXV: MMA) shares plunged on Thursday after it reported the Zambian government rejected a request to renew the company’s exploration licence for the Kazhiba target at its…
Video: Canada’s miners need to step up productivity, former Vale exec Naidoo says
Deshnee Naidoo, who until March led Vale’s energy transition metals business, says Canadian miners need to get more competitive and productive to unlock the country’s rich mineral reserves. “Canadian productivity…
Global copper surplus swells — report
The world’s surplus of refined copper quadrupled in the first half of 2024 compared to a year ago following a growth in production and recovery in mine output, preliminary data…
People in Mining: Stephen Stewart’s tactical moves lift Ore Group on several fronts
A decade ago, Stephen Stewart launched Ore Group with a clear strategy: capitalize on distressed assets from the global financial crisis and develop them into high-potential projects. His approach has…
Congo copper exports to US begin via Angola railway to Atlantic
A cargo of copper cathodes is headed to Baltimore after arriving by train at the port of Lobito in Angola on Monday.
Perseus sells Montage Gold stake for $61M
Perseus Mining (ASX, TSX: PRU) has divested its equity stake in Canada’s Montage Gold (TSXV: MAU) for $61.4 million to help finance an investment in a Guinea gold project. The…