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  • Congo State miner says to increase copper output 40% this year 2016-08-15
    Democratic Republic of Congo's state miner Gecamines expects to increase copper production by over 40% this year as new machinery comes online, the company said on Friday. Gecamines plans to produce 24 000 tonnes of copper this year and 50 000 tonnes next year, interim director-general Jacques Kamenga told Reuters. This is up from about 17 000 tonnes in 2015, according to central bank figures.
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    Corporate activity by gold producer in SE Asia
  • DRC's Gecamines plans Chinese joint venture at main asset 2016-06-16
    Gecamines, the Democratic Republic of Congo’s (DRC's) State-owned miner, is in talks to give China Nonferrous Metal Mining Group a majority stake in its most prospective copper asset. CNMC will finance, build and operate a copper-processing facility at the Deziwa concession in return for a 51% stake in the project, Jean Dominique Takis, head of strategy, said in an interview Tuesday in the capital, Kinshasa.
  • Glencore to invest $1.1bn in three new shafts in Zambia 2016-03-30
    Glencore plans to invest over $1.1-billion in Zambia to sink three shafts with new technology that will extend mine life by over 25 years, its local unit said on Wednesday. "We firmly believe that we shall be able to overcome the challenges that we face today as a company and become profitable and operationally-efficient," Mopani Copper Mines (MCM) said in a statement.
  • Congo State miner signs MoU with Chinese firm to raise copper output 2016-01-25
    A Chinese mining company has signed an agreement with the Democratic Republic of Congo state mining company Gecamines to build two factories, hoping to boost dwindling copper production by around seven times, Gecamines said Monday. Gecamines and the China Nonferrous Metal Mining Company (CNMC) signed a non-binding memorandum of understanding on Jan. 13, Gecamines' interim director-general Jacques Kamenga told Reuters.

Luanshya Information

  • General 2015-05-10
    Luanshya was founded in the early part of the 20th century after a prospector/explorer, William Collier, shot and killed a Roan Antelope on the banks of the Luanshya River, discovering a copper deposit in the process. The antelope fell to the ground, its head resting on a rock where an exposed seam of copper ore was visible. The mining company eventually formed to exploit Collier's find was named "Roan Antelope Copper Mines Ltd". The nearby Baluba mine has been reopened by CNMC.

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Nearby Location News

  • Gemfields achieves record price per emerald carat at auction 2016-04-04
    Aim-listed Gemfields has achieved a record price per higher-quality carat at its latest emerald auction, held in Lusaka, from March 30 to April 3. Revenue of $33.1-million was generated through the sale of 469 000 ct of predominantly higher-quality rough emeralds extracted by 75%-owned Kagem Mining, in Zambia.
  • Gemfields delivers maiden mineral resource, ore reserve estimates for Kagem 2015-09-23
    Coloured gemstones miner Gemfields has produced the first measured mineral resource and proven ore reserve statement for its 75%-owned Kagem emerald mine, in Zambia. The company on Wednesday said a Competent Persons Report (CPR), produced by consulting firm SRK Consulting, had shown a Joint Ore Reserves Committee-compliant measured, indicated and inferred mineral resource of 1.8-billion carats of emerald and beryl at an in-situ grade of 281 ct/t at Kagem.
  • China's CNMC says followed the law in closing Zambian copper mine 2015-09-14
    China's CNMC Luanshya Copper Mines followed Zambian law when it closed the Baluba mine and sent more than 1 600 workers on forced leave due to plunging prices and energy shortages, the company said on Monday. Zambia had threatened to revoke Luanshya's mining licence if the company did not reinstate workers.
  • Gemfields lifts FY output 2015-08-12
    Aim-listed Gemfields’ 75%-owned Kagem emerald mine, in Zambia, delivered 8.1-million carats of emerald and beryl in the quarter ended June 30, lifting output for the full 2015 financial year to 30.1-million carats of emerald and beryl. This was comparable with the 6.2-million carats of emeral and beryl produced in the fourth quarter of the previous year, which boosted 2014 full-year output to 20.2-million carats of emerald and beryl.
  • Gemfields sees almost threefold increase in quarterly emerald output 2015-04-14
    Gemstone producer Gemfields has almost tripled the production of emerald and beryl from its flagship Kagem mine, in Zambia, lifting production from 3.6-million carats in the quarter ended March 31, 2014, to a robust 9.9-million carats in the three months ended March 31, 2015. The company, which holds a 75% stake in the mine, outlined in a market update on Tuesday that the quarter saw a healthy increase in the overall quantity and quality of emerald and beryl produced from Kagem, validating its belief that the “fluid nature” of emerald mineralisation ideally required the grade to be evaluated on at least a 12-month rolling average basis.

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