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Zambia Faces Environmental Crisis After Copper Mine Waste Spill 1 Mining in Zambia Copper Mining safety 

Zambia Faces Environmental Crisis After Copper Mine Waste Spill

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A massive waste spill from a Chinese-owned copper mine in Zambia has raised serious environmental and health concerns, with authorities fearing long-term damage to the Kafue River, the country’s most vital waterway. According to an investigation by the Engineering Institution of Zambia, approximately 50 million liters of waste—containing concentrated acid, dissolved solids, and heavy metals—spilled from the Chambishi copper mine into streams that feed into the Kafue River. The incident occurred on February 18 when a tailings dam at the mine, operated by Sino-Metals Leach Zambia, collapsed. The company is… Read More Here
Zijin Mining Reports 52% Profit Surge Amid Strong Copper and Gold Prices 2 Mining in DRC Copper Gold 

Zijin Mining Reports 52% Profit Surge Amid Strong Copper and Gold Prices

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Zijin Mining Group, China’s largest metals producer, recorded a 52% increase in net profit in 2023, driven by higher production and rising copper and gold prices. The company reported a net income of 32.1 billion yuan ($4.4 billion), aligning with its forecast of 32 billion yuan, while revenue climbed 3.5% to 303.6 billion yuan. Over the past decade, Zijin has aggressively expanded its global presence, establishing major copper projects in China and the Democratic Republic of Congo. As securing critical mineral supply becomes a growing concern for global powers, Chairman… Read More Here
KoBold Metals Eyes Major Lithium Project in the DRC Amid Legal Dispute 3 Mining in DRC Battery Metals Lithium 

KoBold Metals Eyes Major Lithium Project in the DRC Amid Legal Dispute

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KoBold Metals, a mining company backed by billionaires Bill Gates and Jeff Bezos, has informed the Democratic Republic of Congo’s government of its interest in developing one of the world’s largest hard rock lithium deposits. This marks the first significant offer from a major U.S. mining company to invest in the central African nation, coinciding with early discussions on a potential minerals and security partnership between the two countries. KoBold, which leverages artificial intelligence to explore materials vital for the energy transition, has proposed taking over a highly sought-after mining… Read More Here
Chemaf Scraps Norin Mining Deal Amid US-China Mineral Tensions 4 Mining in DRC Cobalt Copper 

Chemaf Scraps Norin Mining Deal Amid US-China Mineral Tensions

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Copper and cobalt producer Chemaf Resources Ltd. has abandoned its planned sale to Norin Mining Ltd., marking a potential victory for US efforts to curb China’s influence over global mineral supply chains. The deal collapsed after Democratic Republic of Congo (DRC) authorities failed to approve the transaction, according to a source familiar with the matter. Chemaf, backed by commodity trader Trafigura Group, informed creditors that the sale to Norin—a subsidiary of China’s state-owned Norinco Group—would not proceed. Congo’s state-owned mining company, Gécamines, which holds the permit for Chemaf’s Mutoshi cobalt… Read More Here
CMOC Posts Record Earnings in 2024 on Strong Cobalt and Copper Output 5 Mining in DRC Battery Metals Cobalt Copper 

CMOC Posts Record Earnings in 2024 on Strong Cobalt and Copper Output

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China’s CMOC Group Ltd., the world’s largest cobalt producer, reported record earnings in 2024, driven by increased production, higher sales, and rising copper prices. The company’s net income surged 64% to 13.5 billion yuan ($1.9 billion), surpassing analysts’ estimates of 12.3 billion yuan. Revenue rose 14% to 213 billion yuan, also exceeding forecasts. CMOC attributed its strong performance to capacity expansions and efficiency improvements. “Mining is a cyclical industry, and accurately understanding market cycles is key to successful expansion,” the company stated in its earnings report. “At the bottom of… Read More Here
Saudi Arabia Grants Mining Exploration Leases to Vedanta, Zijin, and Hancock 6 New Mining Projects Corporate News International 

Saudi Arabia Grants Mining Exploration Leases to Vedanta, Zijin, and Hancock

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Saudi Arabia has awarded mining exploration leases to major global companies, including India’s Vedanta, China’s Zijin Mining Group, and a subsidiary of Australia’s Hancock Prospecting, as part of its strategy to expand and diversify its mining sector. The Ministry of Industry and Mineral Resources announced via X that the leases cover a total area of 4,788 km², including the Jabal Sayid region. This initiative aligns with Saudi Arabia’s Vision 2030, which aims to reduce oil dependency, develop a competitive domestic mining industry, and attract foreign investment. Zijin Mining, in partnership… Read More Here
Panama Awaits Formal Notice on First Quantum's Arbitration Suspension 7 International Copper Corporate News 

Panama Awaits Formal Notice on First Quantum’s Arbitration Suspension

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PANAMA CITY – Panamanian President Jose Raul Mulino stated on Thursday that his government has yet to receive official notification from Canada’s First Quantum Minerals regarding the suspension of arbitration over its Cobre Panama copper mine. An internal memo from Cobre Panama, the company’s local unit, revealed last Friday that First Quantum had instructed its lawyers to begin suspending arbitration proceedings. The cases were originally filed after the Panamanian government shut down the mine in 2023 following widespread protests over environmental concerns. Mulino clarified that his administration cannot engage in… Read More Here
DRC Partners with Indonesia to Regulate Global Cobalt Supply 8 Mining in DRC Battery Metals Cobalt 

DRC Partners with Indonesia to Regulate Global Cobalt Supply

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The Democratic Republic of Congo (DRC) has announced a partnership with Indonesia to strengthen its control over cobalt supply on the international market. The decision, made by the Economic Situation Committee, was officially presented by Prime Minister Judith Suminwa Tuluka during the 35th Council of Ministers meeting on March 14, 2025. Following a four-month suspension of cobalt exports, the DRC—holder of 75% of the world’s cobalt reserves—is determined to manage its supply effectively. The suspension was initially imposed due to an oversupply in global markets, which led to a decline… Read More Here
Francophone Ambassadors Urge Ceasefire and Dialogue Amid Deteriorating Security in DRC 9 Mining in DRC Regional conflict 

Francophone Ambassadors Urge Ceasefire and Dialogue Amid Deteriorating Security in DRC

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On Thursday, March 20, 2025, International Francophonie Day, members of the group of Francophone ambassadors in the Democratic Republic of Congo (DRC) expressed deep concern over the escalating security crisis in the country’s east. This deterioration is primarily attributed to the offensive launched by the March 23 Movement (M23), with support from the Rwandan Defense Force. In a statement released on this occasion, the ambassadors called for an immediate ceasefire and emphasized the need to address deeper issues, such as the illegal exploitation and export of natural resources, particularly to… Read More Here
Trump Announces Measures to Boost U.S. Mineral Production Amid Security Concerns 10 International 

Trump Announces Measures to Boost U.S. Mineral Production Amid Security Concerns

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On Thursday, March 20, 2025, U.S. President Donald Trump unveiled new measures aimed at increasing domestic mineral production, including critical minerals, uranium, copper, potash, and gold. The move is designed to address the ongoing security and economic threats the U.S. faces due to its reliance on foreign mineral supplies, particularly from countries deemed hostile. The new directive mandates that, within 10 days, the Secretary of the Interior, along with presidential assistants for economic policy and security, identify federal lands rich in mineral deposits and reserves. The order prioritizes mineral production… Read More Here

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