Terra Metals Advances Copper and Cobalt Operations in Zambia

Terra Metals Inc., a U.S.-based mining company, has announced progress in its copper and cobalt mining operations and renewable energy projects in Zambia. The company’s assets in the Kabompo Dome, located near major mining operations, position it strategically within the region’s mining sector.

The company plans to re-commission its copper and cobalt acid leach plant by the end of Q1 2025. This facility will enhance processing capacity for oxide ores. Additionally, a 1-million-ton-per-annum flotation plant, set for commissioning by the end of Q2 2025, will process sulphide and oxide ores, contributing to Zambia’s projected 12% national copper production increase.

Terra Metals is also investing in renewable energy through its subsidiary, Central African Renewable Energy (CARE). The company has received feasibility permits for the development of 400 MW of solar power, divided between a 200 MW plant in Zambia’s Northern Province near the Democratic Republic of Congo border and a second 200 MW plant in the Northwestern Province near its mining operations. These projects aim to integrate sustainable energy solutions into mining operations, reducing environmental impact and operational costs.

Leadership at Terra Metals highlighted the importance of U.S. support in facilitating mining expansion. The company aims to be one of the first U.S. firms to ship critical minerals like copper and cobalt back to the United States, utilizing infrastructure investments such as the U.S.-funded Lobito Railway.

By integrating large-scale mining with renewable energy, Terra Metals is positioning itself as a key player in Zambia’s resource sector while aligning with sustainable development initiatives.