Vancouver-based gold producer Inca One announced on Thursday that it has signed a one-year ore purchase agreement with Peruvian gold explorer PPX Mining
Zambian copper output increased to 342,734 tons from January to May
The Zambian Ministry of Mines said on Thursday that in the first five months of this year, Zambian copper output increased from 330,024 tons in the same period in 2019 to 342,734 tons, an increase of 3.85%. Affected by such factors as the increase in the output of electric vehicles, Zambia’s copper output will continue to increase in the second half of this year.
Zimbabwe gold mines lure investor despite economic ruin
Zimbabwe’s biggest gold mines are being snapped up by Mauritius-based Sotic International Ltd. as the price of bullion soars to the highest in more than eight years.
Landela Mining Ventures Ltd., which is controlled by Sotic, bought two of Zimbabwe’s gold mines this year. The newcomer is targeting six more mines, including four idled state-owned operations, said Sotic Chief Executive Officer David Brown. That expanding mining portfolio has strategic importance as gold is the biggest source of dollars in a nation facing foreign-currency shortages.
