Latest news with #Solwezi
Russia Today
23-06-2025
- Business
- Russia Today
Canadian company suspends operations after African mine death
Canadian firm First Quantum Minerals has temporarily suspended operations at one of its Trident mines in Zambia following the death of an employee in a dump truck accident. The incident occurred at a pit at the Sentinel copper mine, located 150km west of Solwezi in the northwestern province of the southern African country, the mining company said in a statement on Monday. The 'operations in the area of the accident have been temporarily suspended and will resume once it is determined that it can be done in a safe manner,' it stated. The company said it had notified local authorities about the 'tragic loss' and that an internal investigation is currently underway. First Quantum is a major player in Zambia's copper-rich northwestern province, where it operates two major mines – the Kansanshi mine and the Sentinel mine, as part of its larger Trident project. Its operations, have, however, been marred by several fatal accidents in recent years, including a 2023 dump truck collision at Sentinel and multiple contractor deaths at Kansanshi. Last September, the Toronto-based miner reported that a collision between a tracked dozer and a light vehicle had killed one of its employees. In November the previous year, two contractors at its Zambian operations died in separate incidents. The latest incident comes at a time when countries in Africa have revoked the licenses of major Western mining firms over a series of grievances, including alleged unpaid taxes. Last Thursday, Niger's military government announced plans to nationalize Somair uranium, a local venture operated by the French state-owned nuclear company Orano since 1971, amid an escalating dispute between the miners and the West African nation. Governments in neighboring Burkina Faso, Guinea, and Mali have also moved to review mining contracts in recent months, seeking to boost revenue from their extractive industries. Earlier last Monday, Mali temporarily stripped Canadian firm Barrick of control over the country's largest gold mining operations, citing alleged unpaid taxes and royalties. In 2023, First Quantum lost control of its flagship Panama copper mine after the country's Supreme Court nullified its contract and the maritime authority blocked export permits.
Associated Press
05-06-2025
- Business
- Associated Press
Midnight Sun Announces Kazhiba Target 2 Drilling Underway
Vancouver, British Columbia--(Newsfile Corp. - June 5, 2025) - Midnight Sun Mining Corp. (TSXV: MMA) (OTC Pink: MDNGF) ('Midnight Sun' or the 'Company') is pleased to report that diamond drilling is underway at the Kazhiba Target 2 sulphide copper target on the Company's Solwezi Project in Zambia. Midnight Sun's President & CEO, Al Fabbro, states 'Kazhiba Target 2 represents an exciting opportunity to reach a major new milestone for Midnight Sun. By utilizing a phased sequence of exploration methods, we have checked all the boxes to prepare for this initial drill program, and I am extremely excited for the results of the hard work being done by our technical team.' The planned six to eight diamond drill holes totalling approximately 1,000 metres are designed to test the ~four-kilometre by two-kilometre Kazhiba sulphide copper target, where the Company has identified an overlapping copper signature in Partial Ionic Leach testing, a strong VTEM geophysical anomaly, and high chargeability / low resistivity responses from induced polarization geophysics all coinciding with geology consistent to most deposits in the Zambian Copperbelt. A water supply borehole has been completed, and the company is now underway with the first diamond drill hole, which is KAZ-25-003, and has a target depth of 150 metres. Additionally, geochemical sample collection at Mitu has been completed. The samples are now being prepared for Partial Ionic Leach assaying at ALS Chemex. [ This image cannot be displayed. Please visit the source: ] Location of proposed drill holes To view an enhanced version of this graphic, please visit: Qualified Person: Darin Labrenz, a consulting geologist for the Company and Qualified Person under NI 43-101, has reviewed and approved the technical data and contents of this release. About Midnight Sun Midnight Sun is focused on exploring our flagship Solwezi Project, located in Zambia. Situated in the heart of the Zambia-Congo Copperbelt, the second largest copper producing region in the world, our property is vast and highly prospective. Our Solwezi Project is surrounded by producing copper mines, including Africa's largest copper mining complex right next door, First Quantum's Kansanshi Mine. Led by an experienced geological team with multiple discoveries and mines around the world to their credit, Midnight Sun's goal is to find and develop Zambia's next generational copper deposit. ON BEHALF OF THE BOARD OF MIDNIGHT SUN MINING CORP. Al Fabbro President & CEO For Further Information Contact: Adrian O'Brien Director of Marketing and Communications Tel: +1 604 809 6890 Em: [email protected] NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE. This news release contains 'forward-looking statements' within the meaning of the applicable Canadian securities legislation that are based on expectations, estimates, assumptions, geological theories, and projections as at the date of this news release. The information in this news release about any information herein that is not a historical fact may be 'forward looking statements.' Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (which may, but not always, include phrases such as 'anticipates', 'plans', 'scheduled', 'believed' or 'intends' or variations of such words and phrases or stating that certain actions, events or results 'may' or 'could', 'would', 'might' or 'will' be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements and are intended to identify forward-looking view the source version of this press release, please visit
Associated Press
28-05-2025
- Business
- Associated Press
Midnight Sun Makes Strategic Acquisition of Luswishi Dome Project
Midnight Sun enters into an Earn-In Agreement to acquire the Luswishi Dome Project, located approximately 40 kilometers southeast of the Solwezi Project, in the Domes Region of Zambia Vancouver, British Columbia--(Newsfile Corp. - May 28, 2025) - Midnight Sun Mining Corp. (TSXV: MMA) (OTC Pink: MDNGF) ('Midnight Sun' or the 'Company') is pleased to announce that the Company has entered into an Earn-In and Operating Agreement (the 'Earn-In Agreement') with Zambezi Mint Investment Limited regarding the 366 square kilometre Luswishi Dome Project, located approximately 40 kilometres southeast of the Company's Solwezi Project, in Zambia. Midnight Sun's President & CEO, Al Fabbro, states, 'The presence of domal structures has long been recognized as a hallmark of major copper discoveries in the region, and it is exactly what led us to our Solwezi Project over a decade ago. This same geological feature underpins the world-class deposits and operating mines surrounding us, including Barrick's Lumwana Mine, First Quantum's Kansanshi and Sentinel Mines, and Ivanhoe's Kamoa-Kakula -- all excellent examples of world-class domes deposits. So, when Midnight Sun had the rare opportunity to secure what may be the last remaining Dome in the district not already controlled by a major or us, we moved quickly. The project boasts not only a highly prospective geological setting, but also an exceptional historical data package from previous operators. This head start allows us to fast-track exploration, saving both time and capital as we drive the Luswishi Project toward drilling and discovery. This acquisition strengthens our position in a highly competitive district and aligns with our strategy of targeting high-impact assets with near-term discovery potential. Midnight Sun is firmly positioned as a leading explorer in Zambia.' *Location map for the Luswishi Project provided below. Terms of the Earn-In Agreement The Earn-In Agreement consists of three stages: Stage 1: To earn an initial 51% ownership of the licence, Midnight Sun must complete CAD $750,000 worth of exploration and development expenditures on the licence within 24 months of the agreement date. Stage 2: To earn an additional 19% (70% cumulative ownership) of the licence, Midnight Sun can sole fund an NI 43-101 compliant inferred mineral resource within 24 months of the completion of Stage 1. Stage 3: To earn an additional 10% (80% cumulative ownership) of the licence, Midnight Sun can sole fund a pre-feasibility study within 36 months of the completion of Stage 2. Midnight Sun has the right, but not the obligation, to complete any of the stages and there is no firm spend. [ This image cannot be displayed. Please visit the source: ] To view an enhanced version of this graphic, please visit: Qualified Person: Darin Labrenz, a Qualified Person under NI 43-101, has reviewed and approved the technical data and contents of this release. About Midnight Sun Midnight Sun is focused on exploring our flagship Solwezi Project, located in Zambia. Situated in the heart of the Zambia-Congo Copperbelt, the second largest copper producing region in the world, our property is vast and highly prospective. Our Solwezi Project is surrounded by world-class producing copper mines, including Africa's largest copper mining complex right next door, First Quantum's Kansanshi Mine. Led by an experienced geological team with multiple discoveries and mines around the world to their credit, Midnight Sun's goal is to find and develop Zambia's next generational copper deposit. ON BEHALF OF THE BOARD OF MIDNIGHT SUN MINING CORP. Al Fabbro President & CEO For Further Information Contact: Adrian O'Brien Director of Marketing and Communications Tel: +1 604 809 6890 Em: [email protected] NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE. This news release contains 'forward-looking statements' within the meaning of the applicable Canadian securities legislation that are based on expectations, estimates, assumptions and projections as at the date of this news release. There is no guarantee of the Company completing any stage of the Earn-In Agreement, and, as such, any information in this news release regarding the timing of earn-in stages; expenditure amounts or work-product; the respective ownership interests of the Company in the licence; and any other information herein that is not a historical fact may be 'forward looking statements'. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (which may, but not always, include phrases such as 'anticipates', 'plans', 'scheduled', 'believed' or 'intends' or variations of such words and phrases or stating that certain actions, events or results 'may' or 'could', 'would', 'might' or 'will' be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements and are intended to identify forward-looking view the source version of this press release, please visit
