Tag: Copper
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🇨🇩 Southern African bloc extends troop deployment in Congo by a year
Southern Africa’s regional bloc on Wednesday extended by a year its troop deployment in Democratic Republic of Congo, where it is helping the government fight rebel groups. The Southern African Development Community (SADC) deployed the mission in Congo, a major producer of metals like cobalt and copper, in December 2023 with a one-year mandate. “Summit…
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Zambia aims for copper boom: 40% production increase by 2027
Zambia, Africa’s second-largest copper producer, is expected to increase its copper production by 40% to one million tonnes by 2027, up from 700,000 tons in 2023. This ambitious target is outlined in Zambia’s Medium-Term Budget Plan for 2025-2027 and will be achieved through a multi-pronged strategy. This includes addressing issues at major mines, initiating production…
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Zambia asks mining companies to increase energy saving efforts
Officials have asked mining companies in Africa’s second-biggest copper producer to double their power-saving efforts to 40% of normal demand. Zesco Ltd., the state power utility, requested operators to increase curtailments or source their own emergency power from this month. Copper is crucial to Zambia and the industry generates about 70% of export earnings, so…
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Vedanta set to regain control of Zambia copper mine
Vedanta Resources Ltd. is close to taking back control of the Konkola copper mine in Zambia and plans to quickly ramp up output as demand is expected to surge in the coming years. Billionaire Anil Agarwal’s firm is ready to pay $250 million to settle debts owed by the mine to get access to the…
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Ero Copper’s Tucumã project set for production in early Q3
Ero Copper’s (TSX: ERO, NYSE: ERO) Tucumã project in Pará, Brazil, is on track for production next month after the company obtained its operational licence, the last remaining permitting milestone for commercial production. Physical completion of the mine is at approximately 99%, with commissioning well advanced and over 90% of the operational staff hired and…
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DR Congo overtakes Peru on copper output, still behind on exports
🇨🇩🇵🇪 The Democratic Republic of the Congo overtook Peru as the world’s second largest copper producer in 2023, though it still lags the South American country in exports, official data from both nations show. Congo produced about 2.84 million tons of copper last year, the country’s central bank reported. Peru’s output was 2.76 million tons,…
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