Serbia to become Europe s second-largest copper producer in 2021 seenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from seenews.com Daily Mail and Mail on Sunday newspapers.
China s Zijin and Citic Metal to buy copper from DRC mine Reuters 1 hr ago
June 9 (Reuters) - China s Zijin Mining Group said on Wednesday one of its subsidiaries and trader Citic Metal would each buy 50% of the copper production from the recently-launched first phase of its Kamoa-Kakula mine in the Democratic Republic of Congo (DRC).
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The deals will see wholly-owned Zijin unit Gold Mountains (H.K.) International Mining Co Ltd and Citic Metal, part of state-owned conglomerate Citic Group, split the initial offtake from what is expected to be the world s highest-grade major copper mine.
The agreements were done on competitive arms-length commercial terms and include treatment and refining charges based on the annual industry benchmark, Zijin said in a filing.
New figures show Australia is challenging China for the title of the world's biggest gold producer, but experts say it is too early to tell if Australia will take over top spot.
Ivanhoe inks deal to boost hydropower at Kamoa-Kakula mining.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mining.com Daily Mail and Mail on Sunday newspapers.
The major news stories from across Emerging Europe this week emerging-europe.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from emerging-europe.com Daily Mail and Mail on Sunday newspapers.