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Copper News

Zambia first quarter copper, cobalt output falls

23rd May 2003 Zambian copper production fell to 74 310 t in the first quarter of 2003 from 77 813 t in the same period a year ago, Citibank Zambia said. 

Swiss miner on course with Zambian metals bid

21st May 2003 Switzerland's J&W Investments Group remains on course with its bid for the majority holding in Zambian copper and cobalt producer Chambishi Metals, after conducting due diligence at the plant, J&W's chief financial officer said late on Monday. 

Zambia names Sterlite as KCM preferred bidder

19th May 2003 Zambia said on Friday that India's Sterlite Industries was the preferred bidder for an equity stake in its Konkola Copper Mines (KCM), following the acrimonious exit of Anglo American as a partner last year. 

Copperbelt’s mining-to-farming diversification plan

By: Laura Franz     9th May 2003 Konkola Copper Mines (KCM) has taken a major step in the diversification of the Zambian Copperbelt from mining to agricultural and other sectors by embarking on a project to build a strong base of entrepreneurs. 

Konkola seeks to extend Nchanga lifespan

9th May 2003 Zambia's Konkola Copper Mines (KCM) said on Thursday it had launched an exploration programme at its Nchanga open pit mine to try to extend its lifespan beyond the current three years. 

Swedish mining sees higher copper, zinc prices

7th May 2003 Swedish mining sees higher copper, zinc prices "Inventories are low and demand from industry is on the rise," Jan Johansson told Reuters in a brief telephone interview after his company released its first-quarter results. 

Glencore leads charge for premier Zambian mines

29th April 2003 Swiss trader Glencore International is leading four other bidders seeking to purchase a stake in Zambia's premier Konkola Copper Mines (KCM), industry sources said yesterday. 

Zambia shortlists four bidders for Konkola

25th April 2003 Zambian authorities have named four companies on the short-list for the purchase of a stake in Konkola Copper Mines, as Zambia seeks investment to ensure its largest mining company is modernised. 

BHPB’s oil slide offset by mineral rises

24th April 2003 The world's largest diversified miner, BHP Billiton, said yesterday third quarter oil and condensate production fell 22% over the same period a year ago, as output from mature fields declined. 

First Quantum revises 2003 output for Zambia mine

23rd April 2003 Canada's First Quantum Minerals said yesterday its Bwana Mkubwa copper mine in Zambia would reach full capacity in May, but the mine's 2003 output would be lower than expected. 

Kansanshi copper project

18th April 2003 Name of the project and location Kansanshi copper project, located in the North-western Province of Zambia, approximately 15 km north of the town of Solwezi and 16 km south of the Democratic Republic of Congo border. Project description The project involves the construction of the Kansanshi which... 

Swiss group begins African safari in Zambia

By: Martin Zhuwakinyu     18th April 2003 The planned acquisition of copper/cobalt assets in Zambia by J&W Holding AG could be a stepping stone into Africa by the Swiss group, which has extensive mining and natural-resources interests in the former Soviet Union. 

Study on new Zambian copper project by July

18th April 2003 A bankable feasibility study (BFS) for the Lumwana copper-cobalt project in north west Zambia is on schedule and on budget for completion in July 2003. 

WMC Resources on track for profit target

16th April 2003 Australian miner WMC Resources said yesterday it was on track to achieve its 2003 production and profit forecasts despite a first-quarter slip in copper and nickel output. 

Glencore seen as leading bid for Konkola

15th April 2003 Swiss trader Glencore International AG is leading four other bidders seeking to purchase a stake in Zambia's premier Konkola Copper Mines (KCM), industry sources said on Monday. 

Zambia expects copper output to rise in 2003

11th April 2003 The Bank of Zambia said this week total monthly copper production dropped to 22 286 t in February this year from 23 785 t a year earlier, but predicted annual output would rise in 2003. 

Konkola posts $159m loss for 2002

8th April 2003 Zambia's Konkola Copper Mines (KCM) yesterday posted a consolidated loss of $159-million for 2002, the year that saw the exit of its key shareholder, diversified mining giant Anglo American. 

China to offer tax rebates on copper concentrates

7th April 2003 China will offer rebates for taxes on copper concentrate imports to producers this year, to help ease the pain caused by a chronic shortage of raw materials, smelter officials said on Friday. 

Smelter repairs slow first quarter output at Konkola

7th April 2003 The closure in December of units of the Nkana smelter for repairs slowed copper and cobalt production at Zambia's premier Konkola Copper Mines (KCM) in January and February, the firm said last week. 

Zambian mine’s rock-winder refurbished

4th April 2003 The refurbishment and upgrade of a Koepe rock winder underground at Mopani Copper Mines in Zambia is currently being completed. 

Underground rolling-stock production increasing due to mining expansion

By: candice haase     4th April 2003 The increased activity in the mining sector in Southern Africa continues to stimulate growth in the production of underground mine rolling stock. 

Swiss firm confirms winning copper bid

31st March 2003 Switzerland's J and W Investments Group has confirmed its winning bid for the Roan Antelope Mining Corporation of Zambia (Ramcoz), J and W's president said on Friday. 

Three mining projects in play in Mauritania

28th March 2003 Mauritania, in North Africa, has three mining projects under development. 

Palabora seeks to add $90m financing

28th March 2003 Copper group Palabora Mining Company said yesterday it was looking for about $90-million in financing as a result of rand strength and production delays and said those factors would also hurt its earnings. 

Mopani mine to boost 2003 copper output

25th March 2003 Zambia's Mopani Copper Mines (MCM) will increase its output of finished copper to 140 000 t in 2003 from 110 000 t last year, Mines Minister Kaunda Lembalemba said yesterday. 

Zambia team to study copper-mine infrastructure

21st March 2003 Zambia has appointed a team of technocrats to review the cost of a proposed new railway line and other infrastructure in new mining areas, Finance Minister Emmanuel Kasonde said this week. 

Botswana smelter restarts after six-week repair

20th March 2003 Canada's LionOre Mining International said this week production at the BCL smelter in eastern Botswana had resumed after the smelter was shut down for six weeks to repair a leaky boiler tube. 

Zambian copper miner forecasts 2003 output at 250 000 t

18th March 2003 Zambia's Konkola Copper Mines (KCM) plans to raise copper production 12,6% to 250 000 t in 2003 and launch a second cost-saving plan, said the chief executive of the country's biggest copper producer. 

Zambia says Swiss firm to invest $91m in mine

13th March 2003 A Zambian Treasury official said yesterday Switzerland's J and W Investments Group was expected to spend $91-million to revive shuttered copper and cobalt group Roan Antelope Mining Corp of Zambia (Ramcoz). 

Funding secured for Zambia Copperbelt environmental project

By: Martin Czernowalow     12th March 2003 The World Bank and the Canadian International Development Agency (CIDA) have agreed to fund a $55,77-million environmental management programme in Zambia’s mining region. 

Swiss firm preferred bidder for Zambian mines

7th March 2003 The Zambian government on Wednesday picked Switzerland's J and W Investments Group as the preferred bidder for shuttered copper and cobalt group Roan Antelope Mining Corporation of Zambia (Ramcoz). 

Anglo gets permit for Chilean smelter expansion

7th March 2003 Chile's environmental authority said this week it had approved an expansion of the Chagres copper smelter, recently acquired by mining giant South African miner Anglo American. 

Chambishi back to full production

By: Martin Zhuwakinyu     4th March 2003 Mining group Anglovaal Mining’s (Avmin’s) troubled 90%-owned Chambishi copper-cobalt plant on the Zambian Copperbelt has returned to full production, and is expected to have stabilised by June. 

IDC puts weight behind DRC tailings project

28th February 2003 South Africa’s Industrial Development Corporation is to participate in America Mineral Fields’ (AMZ’s) Kolwezi cobalt/copper tailings project in the Democratic Republic of Congo. 

Zambian copper-project study shows good results

28th February 2003 Canada’s First Quantum Minerals has announced that it was satisfied with the results of a definitive feasibility study for phase-one development of its 80%-owned Kansanshi copper-gold project in Zambia. 

Kansanshi to be low-cost copper mine – Canadian miner

26th February 2003 The results of a feasibility study on First Quantum Minerals' Kansanshi copper-gold project reveal that the Canadian junior's 80%-owned deposit in Zambia could be one of the world's lowest cost producers, while the investment returns also look attractive. 

IDC to invest in Chibuluma South

By: Laura Franz     21st February 2003 Mid-tier mining firm Metorex has found an equity partner, the Industrial Development Corporation (IDC) which will invest $10-million for the development of Chibuluma South mine in Zambia. 

Zambian copper-project study shows good results

By: Martin Czernowalow     20th February 2003 Canada’s First Quantum Minerals this week announced that it was satisfied with the results of a definitive feasibility study for phase one development of its 80%-owned Kansanshi copper-gold project in Zambia. 

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