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Vedanta Cooperates with Indian Authorities Amid Foreign Exchange Probe 20 International Corporate News 

Vedanta Cooperates with Indian Authorities Amid Foreign Exchange Probe

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India’s Enforcement Directorate Conducts Searches Linked to Vedanta Group in Foreign Exchange Investigation Indian authorities have conducted searches at premises linked to the Vedanta Group as part of an ongoing investigation into potential violations of the country’s foreign exchange regulations. According to reports, the Enforcement Directorate (ED), India’s financial crime-fighting agency, carried out the searches on Tuesday under the provisions of the Foreign Exchange Management Act (FEMA), which governs cross-border financial transactions and foreign exchange compliance in the country. While officials confirmed the searches, details regarding the nature of the… Read More Here
KCM Launches Strategic Nchanga Smelter Upgrade to Accelerate Copper Production Growth 21 Mining in Zambia Copper Corporate News Economy 

KCM Launches Strategic Nchanga Smelter Upgrade to Accelerate Copper Production Growth

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KCM Begins 60-Day Nchanga Smelter Shutdown as Part of Ambitious Expansion and Modernization Plan Vedanta Resources-owned Konkola Copper Mines (KCM) has commenced a planned 60-day shutdown of its Nchanga Smelter in Zambia to undertake critical maintenance, and refurbishment works aimed at improving operational performance and supporting future production growth. The company announced that the shutdown, which began this month, forms part of a broader modernization strategy designed to enhance efficiency, reliability, and long-term sustainability across its operations. KCM produced 80,215 tonnes of copper in 2025, according to data from Zambia’s… Read More Here
Barrick Weighs London Listing for African Business as Potential Endeavour Mining Deal Emerges 22 International Corporate News Gold 

Barrick Weighs London Listing for African Business as Potential Endeavour Mining Deal Emerges

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Barrick Considers London Listing for African Operations Amid Potential Endeavour Mining Tie-Up Barrick Mining is exploring a potential London listing for its African business, with an all-share transaction involving Endeavour Mining among the options under consideration, according to sources familiar with the matter. The discussions remain at an early stage and no final decision has been made. Sources cautioned that there is no certainty a transaction will proceed, and no announcement is expected in the near term.  If completed, a combined African-focused entity could command a market capitalisation of around… Read More Here
ZCCM-IH Backs 600MW Power Project to Strengthen Zambia's Energy Security and Drive Growth 23 Mining in Zambia Energy Investment News 

ZCCM-IH Backs 600MW Power Project to Strengthen Zambia’s Energy Security and Drive Growth

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ZCCM-IH Invests US$54.2 Million in 600MW Power Plant to Boost Zambia’s Energy Security and Support Mining Growth LUSAKA, Zambia – June 1, 2026 – ZCCM Investments Holdings Plc (ZCCM-IH) has announced a major investment in Zambia’s energy sector through the development of a 600MW thermal power plant in Sinazongwe District, Southern Province, aimed at addressing the country’s power deficit, enhancing energy security, and supporting economic growth. The project will be developed through a special purpose vehicle, Ever Great Energy Company Limited (Ever Great), a joint venture between ZCCM-IH and Wonderful… Read More Here
Zimbabwe Attracts Nearly $1 Billion in Lithium Processing Investments After Export Ban 44 International Battery Metals Lithium 

Zimbabwe Attracts Nearly $1 Billion in Lithium Processing Investments After Export Ban

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Zimbabwe’s Lithium Beneficiation Push Drives $1 Billion in New Processing Investments Zimbabwe’s decision to ban the export of raw lithium concentrates has triggered a wave of investment in domestic processing infrastructure, with commitments reaching nearly $1 billion, largely driven by Chinese mining companies operating in the country. The policy shift, aimed at increasing local beneficiation and value addition, has accelerated the development of lithium sulphate processing plants as global demand for battery minerals continues to rise. A key example is Sichuan Yahua Industrial Group Co., which has begun construction of… Read More Here
DRC Mining Week Reassures Participants as Ebola Situation Monitored Ahead of 2026 Lubumbashi Event 45 Mining in DRC Events & Expos 

DRC Mining Week Reassures Participants as Ebola Situation Monitored Ahead of 2026 Lubumbashi Event

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DRC Mining Week 2026 Confirms Lubumbashi Event Amid Ebola Concerns, Says No Restrictions in Place Organizers of DRC Mining Week 2026 have confirmed that preparations for the upcoming event remain on track despite recent public concern and media reports regarding Ebola cases in certain regions of the Democratic Republic of Congo. The event is scheduled to take place from June 17 to 19, 2026, at the Grand Karavia Hotel in Lubumbashi. In a statement, the organizers emphasized that the safety, well-being, and trust of participants, partners, staff, and host communities… Read More Here
Chile Copper Output Drops 13.8% in April as Lower Ore Grades Hit Major Mines 46 International Copper 

Chile Copper Output Drops 13.8% in April as Lower Ore Grades Hit Major Mines

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Chile’s Copper Production Falls Sharply in April Amid Weaker Ore Grades and Output Decline Copper production in Chile, the world’s largest producer of the metal, declined by 13.8% year-on-year in April, according to data released on Friday by the National Statistics Institute (INE). Output fell to 399,954 metric tons, compared with 464,056 tons recorded in the same month last year. The agency attributed the decline to a high base of comparison and lower ore grades at major mining operations across the country. Chile’s broader industrial activity also weakened during the… Read More Here
Trafigura Wins $92 Million Arbitration Award Against Zambia’s ZCCM-IH 47 Mining in Zambia Copper News in Brief 

Trafigura Wins $92 Million Arbitration Award Against Zambia’s ZCCM-IH

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Zambia’s ZCCM-IH Ordered to Pay $92 Million to Trafigura in Copper Dispute Arbitration A London arbitration tribunal has ordered Zambia’s state-linked investment firm, ZCCM Investments Holdings Plc (ZCCM-IH), to pay approximately $92 million to global commodity trader Trafigura following a long-running dispute involving a prepayment agreement with Konkola Copper Mines. According to a statement released on the Lusaka Securities Exchange, the award includes $69.3 million in principal, $19.7 million in interest, as well as additional arbitration costs and legal fees in favor of Trafigura. ZCCM-IH said it is currently reviewing… Read More Here
DRC Expands List of Strategic Minerals to Include Lithium, Uranium and Tungsten 48 Mining in DRC Battery Metals Lithium Uranium 

DRC Expands List of Strategic Minerals to Include Lithium, Uranium and Tungsten

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DRC Updates Strategic Minerals Policy to Reflect Global Critical Raw Material Demand The Democratic Republic of Congo (DRC) has approved an expansion of its list of strategic mineral substances, following the validation of a draft decree by the Council of Ministers on Friday, May 29, 2026, in Kinshasa. The proposal was presented by Minister of Mines Louis Watum Kabamba. The new decree supplements Decree No. 18/042 of November 24, 2018, which originally designated cobalt, germanium, and coltan (columbite-tantalite) as strategic minerals. The revision reflects evolving international market conditions, rising demand… Read More Here

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