Constance - Copperbelt Katanga Mining

Written by Constance

Vedanta IPO Plans Boost Zambia’s Ambitious Copper Growth Strategy

June 20, 2026June 20, 2026 Constance

Vedanta’s Planned CopperTech IPO Could Accelerate Konkola Expansion, ZCCM Says Zambia’s ZCCM Investment Holdings says Vedanta Resources’ planned initial public offering (IPO) of its copper business could significantly accelerate the development of the $2.7 billion Konkola Deep Mining Project (KDMP), one of the country’s most ambitious copper expansion initiatives. Vedanta is preparing to list CopperTech Metals, a US-domiciled integrated copper and cobalt producer that will hold the group’s mining assets, including its 79% stake in Konkola Copper Mines (KCM). ZCCM Investment Holdings owns the remaining 21% of KCM. The planned… Read More Here

International Copper Corporate News

Environmental Audit Finds Cobre Panama Largely Compliant as Debate Over Mine Restart Intensifies

June 20, 2026June 20, 2026 Constance

Cobre Panama Environmental Audit Finds 88% Compliance, Clearing Key Hurdle for Potential Mine Restart A final environmental audit of First Quantum Minerals’ suspended Cobre Panama mine has found that the project complies with the majority of its environmental obligations, although shortcomings remain in biodiversity management, ecological restoration and environmental monitoring. The audit, commissioned by Panama’s Ministry of Environment and conducted by Société Générale de Surveillance (SGS), reviewed the mine’s legal, fiscal, environmental and operational performance. It assessed compliance with 370 commitments established under the project’s Category III Environmental Impact Assessment… Read More Here

Mining in DRC Copper

DRC Miners Seek Delay to 5% Employee Equity Rule as Unions Push for Immediate Enforcement

June 20, 2026June 20, 2026 Constance

DRC Mining Sector Divided Over 5% Congolese Employee Equity Requirement as Companies Request Delay and Unions Demand Enforcement Mining companies operating in the Democratic Republic of Congo are seeking a delay to a government directive requiring them to allocate a 5% equity stake to Congolese employees, while trade unions are calling for immediate enforcement ahead of a July 31 deadline, according to a document and three industry sources. No company has yet complied with the directive, a union leader said, despite growing government pressure to strengthen local participation in a… Read More Here

Copper Corporate News

Galileo Resources Sells Botswana Copper Subsidiary in Up to $83 Million Deal with Sandfire Unit

June 18, 2026June 18, 2026 Constance

Galileo Resources Agrees to Sell Virgo Subsidiary to Sandfire Unit in Deal Worth Up to $83 Million Based on Copper Discovery Success Copper and battery metals exploration company Galileo Resources has entered into an agreement to sell its wholly owned subsidiary, Virgo Business Solutions, to Metal Exploration Capital, a subsidiary of ASX-listed Sandfire Resources. Virgo Business Solutions holds copper prospecting licences in Botswana. The transaction includes an upfront payment of US$3 million, along with a potential contingent success payment ranging between US$20 million and US$80 million, depending on the quantity… Read More Here

Mining in Zambia Coal Copper Corporate News

KCM Plans US$317 Million Coal Power Plant to Strengthen Energy Security for Zambia’s Copper Operations

June 18, 2026June 18, 2026 Constance

Konkola Copper Mines to Build 300MW US$317 Million Coal Power Plant to Address Zambia’s Electricity Shortages Konkola Copper Mines (KCM), a subsidiary of Vedanta Resources, has announced plans to develop a US$317 million coal-fired power plant in Zambia as part of efforts to mitigate persistent electricity shortages affecting mining operations across the country. The proposed facility will have a planned generation capacity of 300 megawatts and is expected to be developed in two phases. According to the company, the project is designed to enhance energy reliability for KCM, one of… Read More Here

International Corporate News Energy

Essar Group and IRH Seal US$500 Million Energy Trading and Crude Supply Facility for UK Refinery Operations

June 18, 2026June 18, 2026 Constance

Essar Energy Transition Fuels and IRH Sign US$500 Million Deal to Strengthen Crude Supply Security and Trading Flexibility International Resources Holding (IRH) and the Essar Group have announced the successful execution of a US$500 million crude sourcing and refined products supply facility between Essar Energy Transition Fuels and IRH Global Trading. The agreement is designed to enhance feedstock security and improve trading flexibility for Essar Energy Transition Fuels, while also optimizing its working capital structure. It will allow the company to diversify crude sourcing and product marketing options in response… Read More Here

Mining in Zambia Investment News

ZCCM-IH Showcases Zambia’s Mining Investment Growth Ahead of Paris Capital Markets Day

June 18, 2026June 18, 2026 Constance

ZCCM-IH Highlights US$12 Billion Mining Investment Surge and Rising Market Value Ahead of Paris Investor Day Ahead of the ZCCM-IH Capital Markets & Investor Day scheduled for Friday, 19 June 2026, in Paris, France, a delegation led by Board Chairperson Phesto Musonda paid a courtesy visit to the Zambian Embassy in France. During the engagement, Mr Musonda commended the Government of the Republic of Zambia for implementing key reforms that have strengthened the mining sector, attracted approximately US$12 billion in investment, and unlocked significant opportunities in the energy industry. He… Read More Here

Mining in DRC Partnership

Tshisekedi Discusses Strategic Mining Mapping Partnership with Dynamic Aviation in Houston

June 18, 2026June 18, 2026 Constance

President Félix Tshisekedi Holds Talks with Dynamic Aviation on Advanced Mineral Mapping Program to Boost DRC Mining Sector During an official visit to Houston, President of the Democratic Republic of Congo, Félix-Antoine Tshisekedi Tshilombo, received a delegation from the American company Dynamic Aviation, led by its Managing Director, Michael Stoltzfus. The meeting focused on a proposed strategic partnership aimed at strengthening the development and optimization of the DRC’s vast mining potential through advanced geospatial technologies. A National Program for Critical Mineral Mapping At the center of the discussions was a… Read More Here

Mining in DRC Battery Metals Exploration Investment News

Raoul Wazenga Positions DRC for Energy Transition Boom with $199 Million Exploration Program

June 18, 2026June 18, 2026 Constance

DRC Invests Nearly $200 Million in Geological Exploration as Raoul Wazenga Targets New Critical Mineral Discoveries The Congolese government is stepping up efforts to secure the future of its mining industry through major investments in geological research and mineral exploration. Speaking at a press conference held on Monday in Lubumbashi, Raoul Wazenga Vitima, Director General of the National Geological Survey of Congo (SGNC), outlined the government’s ambitious exploration programs aimed at identifying new mineral deposits to support the global energy transition and create employment opportunities for local communities. According to… Read More Here

Mining in DRC Events & Expos

Louis Watum Opens DRC Mining Week 2026 with Call for Mineral Transformation and Value Addition

June 18, 2026June 18, 2026 Constance

DRC Mining Week 2026: Mines Minister Louis Watum Kabamba Unveils Vision to Make Congo a Global Critical Minerals Hub The Minister of Mines, Louis Watum Kabamba, officially opened the 21st edition of DRC Mining Week on Wednesday, June 17, 2026, in Lubumbashi under the theme: “Transforming the DRC: From Local Player to Global Hub for Critical Minerals.” The opening ceremony brought together several senior government officials, including the Minister of Water Resources and Electricity, Molendo Sakombi, the Governor of Haut-Katanga Province, as well as investors, mining operators, industry experts, and… Read More Here