Zamare Minerals Ltd

"...there are still not enough raw materials to meet growing demand. This supply squeeze could slow the adoption of clean energy technologies. In order to meet the demands of a net-zero emissions world, BNEF estimates $2.1 trillion is needed in new mining investments by 2050.." In both of the scenarios presented (economic transition and net zero) #Copper is in a supply defecit from 2024. The only way to meet future demand is to develop more mines (and as we have seen from numerous other sources) more #greenfield #exploration development is needed to discover the next generation of mines.

The average #mine lead time has been trending upward, reaching 17.9 years for mines coming online in 2020–23 compared with 12.7 years for mines that started up 15 years ago. If we're going to build new #copper mines and meet rising demand, we need to be putting money in the ground now for #exploration and #discovery. Luckily, #Zambia is below the average time start-up time at 14.7 years vs 16.3.

Remarkable Copper discoveries have been rising in Africa over the last decade. This opens opportunities yet challenges remain. ___ 🔹 Ivanhoe Mines | IVN 📊 S&P Global Market Intelligence #copper #EnergyTransition #decarbonisation

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#Zambia Mining Minister Paul Kabuswe unveiled a strategy aimed at boosting country’s #copper production from 800kt to 3Mt pa by 2031 ▪️Zambia currently ranks as the second largest producer of copper in Africa. The mining sector plays a major role in the economy, accounting for 11% of the nation's GDP and 80% of its exports as of 2022 ▪️The Ministry intends to ramp up production by increasing the output of the existing mines, progressing projects in the exploration stage, developing greenfield projects, as well as engaging artisanal and small-scale miners and reclaiming copper from tailings. ▫️Expansion of the existing assets, such as #Mopani and #KCM, is expected to nearly double output to 1.4Mt ▫️The country bets on sites currently in the #exploration stage to account for more than 50% of the growth ▫️10 greenfield projects, including Mwembeshi Resources #Chongwe project (+90kt), are expected to increase production by 250kt ▫️ Reclaimed copper from #Tailings of decommissioned mines in Kitwe, Mufulira and Chililabombwe will add 100kt ▫️ #ASM: formalisation of small-scale mining operations through mining cooperatives is projected to add 10kt ▪️The government has also outlined the critical enablers required for achieving these strategic objectives, emphasizing the regulatory framework (licensing system, arbitration procedures) and capacity enhancement (comprehensive geological mapping across the country, digitization, and research and development) Source: adapted from MMMD’s “National three million tonnes copper production strategy” document UPD: opinion I think the goal is overly ambitious, especially given the timeline. To put it into perspective, the gap of 2.2Mt is roughly equivalent to the current production levels of either Peru or DRC. The majority of the expected growth is anticipated to come from exploration projects; however, 40-45% of Zambia remains geologically unmapped. Even if there is enough capital flow to finance these exploration projects (that’s a big IF), it takes a long time to bring a mine into production. Again, access to capital/financing is a huge concern. Zambia is fiscally constrained (following its default on foreign debt in 2020 and subsequent restructuring), and attracting private investments of such scale is challenging. The regulatory environment has been relatively volatile in recent years - e.g. royalty rates have changed multiple times. Another major hurdle is the structural electricity shortage; mining is already the largest consumer of electricity in Zambia, and meeting the increased demand from the mining sector with the existing infrastructure will be nearly impossible. The new strategy does address several of these concerns, and I believe this is a positive signal for the market.

Between 400 - 4000 kg of #copper is used in developing 1 wind turbine. In 2023 there were total installations of 117GW - a 50% year-on-year increase from 2022 (#GWEC 2024 report). Discovery of new copper #mines is essential to meeting demands of #electrification

There is speculation around a renewed #BHP offer for Anglo after executive's from BHP met with govt. officials in SA. If BHP managed to acquire Anglo it would cement their position as a dominant #copper #producer. #mining

Journey to a Red Planet… Why the red metal has dominated #mining discourse in 2024 #copper #energytransition Mining with Fasken via Geopolitical Futures

FQML is Zambia largest tax-payer, more than an integral part of the Zambian mining community. It shows how transformative mining can be for a country. Our Ntambu licence is adjacent to FQML's Trident project that includes the Sentinel and Enterprise mines and our work has identfieid geophysical targets within the tenure. #copper #zambia #mining

Improving efficiencies in the amount of #Copper used in #ElectricVehicles will not outweigh demand which is expected to grow by 177% within the decade. And that's just for EVs. "Despite copper reductions per car, growing EV production will increase copper demand in this sector by 177% between 2023-2030"