In the heart of Zambia’s copper belt, where red metal veins hold the promise of a greener future, Mitsui & Co. emerged as the leading contender in a $2 billion bid for stakes in First Quantum Minerals’ Sentinel and Kansanshi mines. As global demand for copper surges, fueled by electric vehicles and renewable energy ambitions, Mitsui’s strategic offer reportedly outpaced Saudi Arabia’s Manara Minerals. With Zambia accounting for half of First Quantum’s output and $450 million in operating profit last year, the stakes are monumental—not just for the corporate giants vying for control, but for a nation poised at the crossroads of economic opportunity and global resource competition.
Category: Surface Mining
First shipments of graphite concentrate from Madagascar mine to Germany, US
NextSource Materials, a company listed on the Toronto Stock Exchange, has announced its first commercial shipments of graphite concentrate from the Molo graphite mine in […]
The 410P Tier ADT: Built for Power, Redesigned for Performance
You asked, and they delivered! The 410P Tier Articulated Dump Truck (ADT) combines rugged reliability with exceptional upgrades in design and productivity, making it a stellar investment for any heavy-duty operation. Its redesigned wider dump body enhances material retention and lowers the loading height, boosting cycle times and efficiency in quarry and aggregate applications. Engineered for reliability with streamlined electrical and hydraulic systems, the 410P also features advanced drive modes—Normal, Eco, and Traction—to optimize performance and fuel efficiency. With a comfortable, operator-focused cab and enhanced safety features, the 410P Tier ADT stands out as a leader in its field. Experience the #AFGRIequipmentEDGE and see how this powerhouse can transform your productivity and efficiency!
Global Coal Organization Calls for Balanced Approach to Energy Policy
The recent announcement by the Group of Seven (G7) forum to phase out unabated coal by 2035 has sparked debate and scrutiny from various quarters, […]
Gold Mining in Africa
The gold mining industry in Africa is a vital sector that contributes to employment, economic growth, and the development of local communities. With abundant reserves and ongoing investment, African gold mining continues to play a significant role in the global gold market. We hope this resource has provided you with valuable insights into the world of gold mining in Africa.
Coal Mining in Africa
The coal mining industry in Africa is a vital sector that contributes significantly to employment, economic growth, and energy supply. With abundant reserves and key infrastructure such as the Richards Bay Coal Terminal, African coal mining holds immense potential for meeting energy demands and supporting the development of various industries. We hope this resource has provided you with valuable insights into the world of coal mining in Africa.