The cabinet approved the creation of a special purpose vehicle that will invest and trade in Africa’s second-biggest copper producer.

Global inactivity reached 25.4% on May 8, with seasonal maintenance closures remaining a key feature, Earth-i said.

The partnership sold 5 tons of hand-mined gold, worth about $300 million, in its first year of operation.

The country, which produced 698,000 tonnes of copper in 2023, is targeting 3 million tonnes in annual output within the next decade.

MMG announced in March that it had completed a deal to buy Canada-based Cuprous Capital, the parent company of Khoemacau mine.

Ivanhoe Mines has achieved first concentrate production at the Kamoa-Kakula operation’s Phase 3 concentrator.

The upsized financing represents nearly double the initial offering amount.