Midnight Sun Mining Corp V.MMA

Alternate Symbol(s): MDNGF

Midnight Sun Mining Corp. is a Canada-based company, which is focused on exploring its flagship Solwezi Project, located in Zambia. Its property is situated in the heart of the Zambia-Congo Copperbelt. It holds a 60% interest in two mineral prospecting licenses, 21509-HQ-LEL and 12124-HQ-LPL, the Solwezi Licenses, which are held by a subsidiary of Kam Chuen, Zambian Highlight Mining Investment Limited. Its properties comprise 506 square kilometers of prospective geology contiguous to the mine license held by First Quantum Minerals, which includes the Kansanshi Mining Complex. Its target areas include Dumbwa, Mitu, Kazhiba (22 Zone) and Crunch Zone. Dumbwa is a Tier-One exploration target, featuring a remarkable copper soil anomaly. Mitu is a target area located in the southwestern portion of its Solwezi Project. Crunch Zone is situated between the Kazhiba Dome in the northwest and the Solwezi Dome in the southeast. Kazhiba is located 20 kilometers northwest 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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