Copper

In a dramatic shift of fortunes, Botswana’s copper exports have surged past the P10 billion mark for the first time in history, providing a significant economic buffer amidst a slump in the diamond sector. Buoyed by robust production from new mines and soaring global prices for the red metal, copper …

Gaborone, Botswana: Global mining giant BHP has made a significant move in Botswana’s burgeoning copper sector, inking a $25m (A$39.6m) earn-in agreement with Cobre Limited to explore the promising Kitlanya East and Kitlanya West copper-silver projects. This investment marks a major vote of confidence in the Kalahari Copper Belt’s potential …

Eyes on Kalahari Copper Belt: Altona Rare Earths clinches option deal for Sesana project London-listed Altona Rare Earths has secured a foothold in the coveted Kalahari Copper Belt (KCB) after inking a binding option agreement with Ignate African Mining. The deal grants Altona the exclusive right to acquire up to …

South African mining giant Exxaro Resources remains committed to its diversification strategy, actively seeking copper and manganese acquisitions, according to Chief Executive Nombasa Tsengwa. This comes after Exxaro was outbid by China’s MMG for the Khoemacau copper mine in Botswana for a hefty $1.9 billion. Tsengwa emphasized Exxaro’s measured approach, …

Reduced supply from major copper producers Panama and Peru may flip the global copper market into a deficit from surplus in 2024 or at least tighten oversupply if the disruptions are not resolved in coming months, analysts said on Tuesday. Panama’s top court on Tuesday ruled that Canadian miner First …

Glencore is now the world’s most valuable mining brand from its runner-up position in 2022, having swapped places with BHP, according to Brand Finance’s Mining, Metals & Minerals 50 2023 report which ranks the world’s top 50 most valuable and strongest brands in the mining industry. In terms of brand …

COBRE Minerals (ASX: CBE) is not simply content with finding a single good copper project in Botswana; it is on the hunt for a district in the sands of this nation which is so rich in a multitude of diverse minerals and diamonds. And if the company’s most recent exploration …

As the demand for copper surges amid the energy transition, mining experts expect supply deficits to emerge in coming years, in part due to lacklustre investment in exploration and construction of new copper mines. Mining company executives’ preference for safe, short-term returns has led to a massive underinvestment in new …

Metso Outotec has been awarded a contract for the delivery of advanced electrowinning equipment to a copper cathode production plant in Africa. The order value amounting to approximately EUR 11 million is booked in Minerals’ Q2/2022 orders received. Metso Outotec’s scope of delivery includes the supply of basic engineering and …

It is reported that Global Natural Resource Investments (GNRI) is considering selling its Khoemacau copper mine in Botswana, according to sources familiar with the situation. The private equity firm is working with an undisclosed adviser to find potential buyers for the mine, and it is also considering other options for …