Arc today reports that by mutual consent its JV with Anglo American in Zambia has been terminated. This JV was to see significant expenditure in a large exploration project on prospective licences in the Domes region of Zambia. The Domes region is the location of several of the most recent copper discoveries and the site of some major mines: e.g. Sentinel, Kansanshi and Lumwana which between them produced over 500kt of copper at cash costs of ~$2/lb in 2024. No reasons were given in the RNS, but ....
