🌟 Exciting News Alert! 🌟 We are thrilled to share with you all the monumental unveiling ceremony of the new strategic equity partner for Mopani Copper Mines Plc, a cornerstone of Zambia’s mining industry! 🇿🇲✨ In a historic moment, President Hakainde Hichilema officially introduced International Resources Holding (IRH) as the strategic equity partner for Mopani Copper Mines Plc. This partnership signifies a remarkable turnaround for not only the Copperbelt region but for Zambia's economy as a whole. 🔹 A New Era of Collaboration: President Hichilema emphasized the meticulously negotiated partnership with IRH, highlighting mutual respect and equitable benefits for all stakeholders involved. 🔹 Promising Prospects: With a $1.1 billion investment from IRH, we anticipate a significant increase in copper production, job opportunities, and business prospects. This revitalization promises to uplift livelihoods across the Copperbelt and beyond. 🔹 Commitment to Sustainability: The partnership with IRH underscores a commitment to financial stability, responsible management, and sustainable development in Zambia’s mining sector. 🔹 Empowering Local Businesses: Through initiatives like the Supplier Development Program, Mopani is dedicated to bolstering the capacity of Zambian suppliers, fostering economic growth, and supporting local communities. 🔹 Visionary Leadership: President Hichilema’s visionary leadership has been instrumental in Mopani’s resurgence, setting the stage for a brighter future for Zambia's mining industry. 🎥 Watch the Unveiling Ceremony: [Video Link Be 👇] As Zambia embarks on this new chapter in its mining industry, we are filled with hope for sustainable development, economic prosperity, and shared success for all stakeholders involved. Let's celebrate this significant milestone together and look forward to the promising opportunities that lie ahead! 💼🚀 #MopaniCopperMines #ZambiaMining #Partnership #EconomicDevelopment #Sustainability #IRH #HakaindeHichilema https://lnkd.in/dZ6eBtiP
Business News Zambia Newspaper’s Post
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Xanadu Mines Ltd Executive Chair and MD, Colin Moorhead delivered keynote presentation at the Australia China Business News (ACB News) 澳华财经在线 Investor Lunch yesterday, to a captivated audience of high net worth and institutional investors. Colin provided insights into how Xanadu is unlocking Kharmagtai, a major copper #gold project towards realising maximum value, and expectations for a significantly bigger and better PFS relative to scoping study. PFS coming in August 2024 will be head-lined by elevated grade / operating margin initially, as well as targeting several other #mining and processing upsides. Furthermore, Colin provided insights into burgeoning copper M&A activity. This includes the first acquisition in more recent times of a pre-construction copper-gold project, Hillside owned by Rex Minerals Ltd (ASX:RXM), which Colin declared was highly encouraging that buyers are looking for future copper mines, which Kharmagtai is tracking towards. Tim (Wending) Zhao, a resources focused Portfolio Manager from Lazard Asset Management provided insights into their expectations for the future #investment market landscape. Tim also provided a succinct commodity outlook, head-lined by his favourable view on #copper price driven by lack of new production coming online due to #ESG and water presenting as key project investment barriers. David Niu provided opening and closing remarks, as well as comprehensive market review and outlook. David highlighted key market risks and opportunities, as well as potential for more of the Top FY23 ASX performers (including XAM positioned at number 9) to regain top market positioning in FY25. View presentation: https://loom.ly/t2SPDpM #XanaduMines #ASX #TSX #mininginvestment
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ZM: Government’s Move to Restore Mopani Copper Mines Sparks Hope on Zambia’s Copperbelt The government’s decision to restore Mopani Copper Mines has ignited optimism among residents of the Copperbelt Province. The move, which involves the introduction of a new equity partner with a 49% stake for ZCCM-IH and 51% for IRH, marks a crucial step towards revitalizing the local economy and enhancing the lives of Zambians.
Government’s Move to Restore Mopani Copper Mines Sparks Hope on Zambia’s Copperbelt
https://efficacynews.africa
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Keerit Jutla, president and CEO of the AME - Association for Mineral Exploration in BC, has sounded the alarm about the growing uncertainty felt among AME members about the province's regulatory regime. We are always looking for ways to improve our industries, but it cannot come at the cost of the jobs created by entrepreneurs and businesses in the mineral exploration sector. BC cannot afford to go backwards when critical minerals are crucial to the future of the global economy! Do you agree? Consider sharing our graphic below 👇 #bcbusiness #minerals
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The Zimbabwe gold mining problem is not on production output but the high cost of production due to exorbitant material costs mainly driven by buying inputs through middleman. Suppliers of carbon, cyanide, lime and explosives are making more profits than these mines. I suggest a joint effort from the government and the mines to come up with... (watch out for my next article on Profitable Mining Sub-Sahara Africa)
Yesterday we visited the Eureka Gold Mine in Guruve. Eureka is forecasting to produce 1660kg of gold this year. Eureka's CIL plant is one of the most technologically advanced in Africa. Contrary to the belief that Zimbabwe has three mines namely ZIMPLATS, Mimosa and Unki, Zimbabwe has many more mines across the country. Dallaglio Investments
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Africa Focused Registered & Chartered Property Valuation Surveyor | Real Estate Consultant | Real Estate Agent | Christian Business Mentor | Entrepreneur | Chairman & CEO - Fairworld Properties Ltd.
The recent announcement by International Holdings Resources (IHR) to invest about US$1.1 billion into Mopani Copper Mines marks a significant milestone in the industry. Such an investment not only revitalizes the mine’s operations but also heralds a new era of economic growth and stability, which we believe will have ripple effects on various sectors including the real estate market. #Zambia #ChristianBusinessMentor #PositiveWorkPlace #ValuationSurveyorandBusinessConsultant
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President Hakainde Hichilema to Officially Handover Mopani Copper Mines Tomorrow Some notable highlights President HH will preside over the official opening of Mopani Copper Mines in Kitwe tomorrow, 21st March 2024; 1. The new investor, International Resources Holding (IRH), has so far injected $130 million into Mopani Copper Mines, demonstrating a strong commitment to the mine's growth. 2. The revitalised mine is projected to generate 2,000 direct jobs and an additional 1,000 indirect employment opportunities. 3 Mopani Copper Mines will retain over 80% of its current workforce, ensuring continuity and stability. 4. Significant progress has been made in settling outstanding payments, with approximately 80% of contractors and suppliers already paid. 6. The shareholding structure of the mine stands at 51% for IRH and 49% for the Zambian Government, highlighting a balanced partnership for mutual benefit. 7. Under President Hichilema's leadership, Government has successfully reduced Mopani's debt from $1.5 billion to $300 million, showcasing a commitment to financial stability and responsible management.
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The Loulo-Gounkoto complex in Mali is set to maintain its status as one of the world’s top 10 gold producers. ⭐ In the 26 years Barrick has been in the country, Loulo-Gounkoto has contributed almost $10 billion to the Malian economy in the form of taxes, royalties, salaries and payments to local suppliers. ⭐ Some 70% of the economic benefit currently generated by the complex goes to its Malian stakeholders. ⭐ Loulo-Gounkoto has contributed between 5% and 10% to the Malian GDP over the past 10 years. Barrick has also developed a previously non-existent mining skills base in the region and Loulo-Gounkoto’s entire management team are citizens of Mali. “Mali was the birthplace of Barrick’s philosophy of genuine partnerships with its host governments,” says Barrick President and CEO Mark Bristow. “Close relationships can over time be stressed by misconceptions but in the past we have always been able to find solutions through open and transparent dialogue. Mutually acceptable solutions can be achieved if there is a genuine commitment to seek outcomes that deliver real and long-term value for Mali and its people.” https://lnkd.in/gcxndkg2
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🌟 Unveiling the World’s Most Profitable Gold Mines: The Numbers That Dazzle Ever wondered where the real gold lies? The Nevada Gold Mines, producing a jaw-dropping 94 tons of gold annually, is the crown jewel, leading the charge globally. Muruntau in Uzbekistan and Grasberg in Indonesia aren’t far behind, each extracting immense wealth from the earth’s depths. These mines are not just resources; they are economic giants driving global markets. Explore how these gold mines are shaping the future of wealth and industry! ✨💰 #GoldMining #EconomicPowerhouses #GlobalWealth #MiningInsights #GoldIndustry #PreciousMetals
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In the ever-evolving world of commodities, a curious trend has emerged: the disconnection between gold prices and gold equity prices. Beyond a market quirk this represents a unique opportunity, especially for astute investors and companies like ours, with a significant land position in robust exploration zones like West Mali, that are still undervalued Our strategic positioning allows us to capitalize on these market inefficiencies, offering a unique proposition for those looking to diversify their portfolios with gold exploration investments. Join us as we get closer to unearthing the true potential of this timeless asset in Mali's rich lands. #GoldExploration #InvestmentOpportunity #WarabaGold #FokoloreProject #MiningIndustry #MarketTrends #WestMaliGold
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Transforming Nigeria’s artisanal and small-scale mining sector is key to advancing the #SDGs. Our new policy brief offers actionable insights to boost productivity, improve livelihoods, and secure revenue. This policy brief serves as a roadmap for stakeholders to engage in meaningful reforms that will transform the ASM sector into a robust contributor to Nigeria's economy, enhancing resource mobilization and fostering equitable growth. Learn more: https://bit.ly/47eZUvS
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