Midnight Sun Mining Corp. MDNGF

Primary Symbol: V.MMA

Midnight Sun Mining Corp. is a Canada-based exploration company. The Company is focused on exploring its flagship Solwezi Project, located in Zambia. Its property is situated in the heart of the Zambian Copper Belt. It holds a 60% interest in two mineral exploration licenses, 21509-HQ-LEL and 12124-HQ-LPL, (the Solwezi Licenses), which are held by subsidiary of Kam Chuen, Zambian Highlight Mining Investment Limited (ZHMI). The Solwezi mineral exploration licenses in Zambia covers approximately 506 km2 and is located adjacent to the copper mine in Africa, First Quantum's Kansanshi copper/gold mine. Its target areas include Dumbwa, Mitu, Kazhiba (22 Zone) and Crunch Zone. The 22 Zone is situated approximately 20 kilometers (km) northwest of the Solwezi Dome and is less than 10 km from the western mine gate of the Kansanshi Mine complex. Mitu is located in the southwestern portion of the Solwezi Project and features ore shale type mineralization on the flank of the Solwezi Dome.

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Midnight Sun Mining Corp. > #2 Copper producer, Peru...Las Bambas running @30%

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Post by Magnum2on Nov 18, 2022 12:17am

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Post# 35109349

#2 Copper producer, Peru...Las Bambas running @30%

Mining operations at MMG's Las Bambas mine in Peru down to 30% due to blockade

Reuters Thursday November 17, 2022 08:52

LIMA, Nov 17 (Reuters) - Mining activities at MMG Ltd’s Las Bambas copper mine are operating at just 30% of capacity, a source close to the company said on Thursday, due to blockades from nearby communities.

The blockades started in late October, the source said, and have slowly reduced mining activities due to lack to of supplies. The company had previously announced the reduction of operations but had not detailed its extent.

Chinese-owned Las Bambas ranks among the world’s biggest copper mines but has been repeatedly disrupted by social conflicts with nearby indigenous communities since it opened in 2016.

Peru is the world’s No. 2 copper producer.

(Reporting by Marco Aquino; Editing by Alison Williams)

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