Copper Mining in Africa
Copper mining has been taking place in Africa for thousands of years and still occurs today. Here's a look at three companies that are currently mining the red metal on the continent.
Copper mining has been taking place in Africa for thousands of years and still occurs today. Here's a look at three companies that are currently mining the red metal on the continent.
Manganese – The Southern African country is currently an also-ran in the global manganese market, but that could be about to change.
Cobalt – Glencore is making a bet on Zambian cobalt — will other miners move to tap the nation’s significant potential?
Nickel – Bloomberg reported that First Quantum Minerals Ltd. believes the 10% levy that the Zambia government has imposed on nickel exports will threaten its newest mine and wants it waived.
Nickel – Mining Weekly reported that Canadian mining firm, First Quantum Minerals, plans to invest $275 million in a nickel mine located in Zambia.
Uranium – Denison Mines Corp. (TSX:DML,NYSE:DNN) announced it has identified mineralization at its Mutanga uranium project in Zambia.
Copper – Reuters reported that Africa's top copper producing country, Zambia, plans to invest $120 million to update its existing key copper railway.
Copper – Though tax hikes and violent labor disputes have plagued Zambia's mining industry of late, investor interest, particularly from China, has not been deterred.
Cobalt – Reuters Africa reported that Zambia's cobalt output dropped from 4,371 tonnes in 2012 to 3,036 tonnes in the first half of 2012.
Copper – Blackthorn Resources Ltd. (ASX:BTR) announced that an updated mineral resource estimate for the Kitumba IOCG deposit at its Zambian Mumbwa project increased the deposit's amount of contained copper by 160 percent.
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