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Anglo American Denies Favouring Buyer as De Beers Sale Talks Continue 1 International Corporate News Diamond 

Anglo American Denies Favouring Buyer as De Beers Sale Talks Continue

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Anglo American Says No Preferred Bidder as De Beers Sale Could Fetch $1 Billion Anglo American has denied favouring any particular buyer for its diamond business, De Beers, as the mining group continues to explore options for the struggling unit. Anglo American CEO Duncan Wanblad said on Thursday that the company was “not exclusive with any consortium”, rejecting reports that it was favouring a consortium led by former De Beers CEO Gareth Penny. The comments come as Anglo American considers potential offers for De Beers amid prolonged weakness in the… Read More Here
Vedanta Names Arun Misra CEO as First-Quarter Profit Surges 2 Corporate News International Mining Personality 

Vedanta Names Arun Misra CEO as First-Quarter Profit Surges

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Vedanta Appoints Arun Misra as CEO as Q1 Profit Jumps 72% on Strong Metal Prices Indian metals and mining conglomerate Vedanta has appointed Arun Misra as chief executive officer for a one-year term starting August 1, 2026, as the company reported a sharp increase in first-quarter profit driven by stronger metal prices. Misra, who currently heads Vedanta subsidiary Hindustan Zinc, will take over as CEO as the group benefits from favourable market conditions across its metals portfolio. Vedanta reported consolidated net profit of 54.73 billion Indian rupees ($572.4 million) for… Read More Here
Ivanhoe Mines Returns to Profit as Kamoa-Kakula Copper Operations Recover 3 Mining in DRC Copper Corporate News 

Ivanhoe Mines Returns to Profit as Kamoa-Kakula Copper Operations Recover

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Ivanhoe Mines Posts $46 Million Profit as Kamoa-Kakula Copper Production Recovers TSX-listed Ivanhoe Mines returned to profitability in the second quarter of 2026, reporting a net profit of $46 million as operations at its Kamoa-Kakula copper complex in the Democratic Republic of Congo (DRC) continued to recover from disruptions earlier in the year. The company reported adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) of $179 million for the quarter, up from $123 million in the same period last year. Kamoa-Kakula contributed $152 million of attributable EBITDA. The copper… Read More Here
African Diamond Producers Struggle to Recover as Market Pressures Persist 4 International Diamond Economy 

African Diamond Producers Struggle to Recover as Market Pressures Persist

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African Diamond Miners Face Continued Market Pressure in First Half of 2026 Africa’s diamond industry continued to face challenging market conditions in the first half of 2026, with major producers in Botswana, South Africa, Namibia and Lesotho struggling to achieve a sustained recovery in natural diamond demand. Financial results released during the period point to continued pressure across the industry, driven by weaker prices, economic uncertainty and growing competition from laboratory-grown diamonds. In South Africa, Petra Diamonds reported a 45% quarter-on-quarter decline in diamond revenue during the fourth quarter of… Read More Here
DRC Moves to Expand Local Value Addition in Strategic Germanium Sector 5 Mining in DRC Corporate News Rare Earth Minerals 

DRC Moves to Expand Local Value Addition in Strategic Germanium Sector

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DRC Advances Germanium Processing Strategy as STL-Umicore Partnership Gains Belgian State Backing The Democratic Republic of Congo (DRC) is advancing efforts to move up the mining value chain, with a strategic partnership between the Société du Terril de Lubumbashi (STL) and Belgian group Umicore expected to strengthen the country’s germanium industry. The Belgian Council of Ministers’ approval of a state guarantee for the partnership marks an important step in the development of the strategic mineral sector and provides additional support for planned investments. The partnership aligns with the DRC government’s… Read More Here
ARSP and APROCM Join Forces to Empower Local Entrepreneurs 6 Mining in DRC Governance Partnership 

ARSP and APROCM Join Forces to Empower Local Entrepreneurs

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DRC’s ARSP and APROCM Partner to Expand Opportunities for Local Entrepreneurs The Democratic Republic of Congo’s Authority for Regulation of Subcontracting in the Private Sector (ARSP) and the Agency for the Promotion of the Middle Classes (APROCM) are working to strengthen support for local entrepreneurs and expand their access to economic opportunities. ARSP Director General Ted Beleshayi met APROCM Director General Pascal Tchelo Mazombo on July 29 to discuss the foundations of an institutional partnership aimed at supporting Congolese businesses across various sectors of the economy. The proposed collaboration seeks… Read More Here
Lobito Port Handles 931,000 Tonnes of Cargo as Regional Trade Gains Momentum 7 International Transport and Logistics 

Lobito Port Handles 931,000 Tonnes of Cargo as Regional Trade Gains Momentum

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Lobito Port Moves 931,000 Tonnes of Cargo in First Half of 2026, Strengthening Angola’s Regional Trade Role The Port of Lobito handled 931,000 tonnes of cargo during the first half of 2026, highlighting its growing importance as a strategic logistics gateway for Angola and the wider region. During the period, the port received 177 vessels, with the volume of cargo handled reflecting continued activity across Angola’s maritime and logistics sectors. The performance comes as the Lobito Corridor gains increasing attention as a key trade route connecting mineral-producing areas in the… Read More Here
Zimbabwe’s Mining Strategy Drives Record Mineral Revenue 8 International Gold Lithium 

Zimbabwe’s Mining Strategy Drives Record Mineral Revenue

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Zimbabwe Mining Revenue Hits Record $25 Billion as Government Pushes Investment and Growth Zimbabwe’s mining sector is delivering record revenues as the government’s push to attract investment and expand mineral production begins to generate stronger returns. The country’s mining industry has become a key driver of economic growth, supported by increased investment in gold, lithium, platinum-group metals, chrome and other mineral resources. The government has been pursuing an aggressive strategy to expand the mining sector by encouraging new investment, supporting existing operations and promoting the development of mineral resources that… Read More Here
Zambia Tightens Copper Export Rules to Push Local Processing 9 Mining in Zambia Copper Economy 

Zambia Tightens Copper Export Rules to Push Local Processing

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Zambia Restricts Raw Copper Exports as It Pushes Chinese Firms to Build Local Processing Plants Zambia is moving to restrict exports of raw copper as the country steps up efforts to process and manufacture more of its mineral resources domestically, with Chinese industrial companies among those being encouraged to establish production facilities locally. The policy reflects Zambia’s growing push to move beyond mining and concentrate production towards higher-value manufacturing that can create jobs, strengthen industrial capacity and generate greater economic returns from the country’s copper resources. Zambian officials are negotiating… Read More Here
Dump truck with sky view Corporate News Copper 

FQM Reports $136m Profit as Copper Production and Kansanshi Performance Improve

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First Quantum Posts $136m Profit as Copper Output Rises and Kansanshi Beats Capacity TSX-listed First Quantum Minerals reported net earnings attributable to shareholders of $136 million, or $0.16 a share, for the second quarter, as stronger copper sales and higher realised prices supported its recovery from the financial pressure caused by the prolonged shutdown of its Cobre Panamá mine. The company recorded an adjusted loss of $106 million, or $0.13 a share, while gross profit rose to $297 million and EBITDA reached $400 million. Compared with the same period last… Read More Here

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