Constance - Copperbelt Katanga Mining

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DRC Oil Prices Record Modest Weekly Gain but Remain on Downward Trend

August 28, 2025August 28, 2025 Constance

DRC Oil Prices Rise 1.8% to $67.7 per Barrel Despite Yearly Decline The price of a barrel of oil, one of the Democratic Republic of Congo’s (DRC) key export commodities, rose to US$67.7 on August 22, 2025, up from US$66.9 the previous week, marking a 1.8% increase, according to the Central Bank of Congo’s latest economic report. As of August 21, oil prices were still 9.1% lower than at the end of 2024 and down 19.2% year-on-year, underscoring the sector’s ongoing challenges. Energy analysts say the weekly gain reflects a… Read More Here

Mining in DRC

DRC’s Niobium Exports Record Modest Price Uptick

August 28, 2025August 28, 2025 Constance

DRC Niobium Prices Edge Up on Global Markets Amid Stable Demand Niobium concentrate, one of the Democratic Republic of Congo’s (DRC) key export products, recorded a slight price increase on international markets during the week of August 25–30, 2025. The metal is now trading at US$5,633.04 per ton, up from US$5,629.12 the previous week, marking a modest 0.07% rise, according to price data released by the Ministry of Foreign Trade on August 26. Industry experts note that while the increase is marginal, it underscores the relative stability of global demand… Read More Here

International Corporate News

Glencore-Sibanye Deal for Chrome Recovery Plants Cleared by Competition Commission

August 28, 2025August 28, 2025 Constance

Competition Commission Approves Glencore-Sibanye Acquisition of South African Chrome Recovery Plants The Competition Commission has recommended that the Competition Tribunal approve the acquisition of certain chrome recovery plants (CRPs) by Glencore Operations South Africa (GOSA) on behalf of the Glencore-Merafe pooling and sharing venture (PSV) and Sibanye-Stillwater, without any conditions. Sibanye-Stillwater owns and operates multiple CRPs at its South African platinum group metals mining operations, while GOSA also controls a number of CRPs. The parties announced in February that the PSV would operate both Sibanye-Stillwater’s and GOSA’s CRPs to leverage… Read More Here

Mining in Zambia Battery Metals Cobalt Copper Mining in DRC

Africa Poised to Become Global Hub for Critical Minerals and Industrial Growth

August 28, 2025August 28, 2025 Constance

Africa Poised to Lead Global Critical Minerals Market with Strategic Industrial Transformation African nations have the opportunity to leverage their critical mineral resources to move beyond traditional extraction models and capture far greater value across the entire mining-to-manufacturing value chain. A new report from Boston Consulting Group (BCG) Africa, titled “Africa’s Critical Minerals Moment: A Strategic Blueprint for Sovereign, Sustainable, and Scalable Growth”, highlights the continent’s potential as a central player in the global critical minerals market, as demand is expected to more than double by 2040. Africa hosts some… Read More Here

Corporate News International

Rio Tinto Puts Richards Bay Minerals and Global Assets Under Strategic Review

August 28, 2025August 28, 2025 Constance

Rio Tinto Launches Strategic Review of South African, Canadian, and U.S. Mining Operations Mining giant Rio Tinto has placed its Richards Bay Minerals (RBM) operations in KwaZulu-Natal, along with its Canadian iron and titanium operations and U.S. borates mine, under strategic review as part of a broader operational restructuring led by new CEO Simon Trott. On Wednesday, the company unveiled a new operating structure consolidating its activities into three business units and assigning the Borates and Iron & Titanium divisions to COO Alf Barrios for review. RBM, a leading producer… Read More Here

International Corporate News Iron Ore

Fortescue Posts 41% Profit Drop Amid Weak Iron-Ore Prices but Eyes Green Energy Growth

August 28, 2025August 28, 2025 Constance

Fortescue FY25 Profit Falls 41% as Iron-Ore Prices Drop; Green Iron Projects Gain Momentum Fortescue Metals, the Australian iron-ore and green energy company, reported a 41% decline in full-year profit as weaker iron-ore prices weighed on revenue, though record shipments and disciplined cost management helped soften the impact. The company posted a net profit after tax of $3.4 billion for the year ending June 30, down from $5.7 billion a year earlier. Revenue fell 15% to $15.5 billion, driven by an 18% drop in the average realized price for hematite… Read More Here

Mining in DRC Battery Metals Corporate News Lithium New Mining Projects

KoBold Metals Expands Lithium Exploration in DRC with Seven New Permits

August 28, 2025August 28, 2025 Constance

KoBold Metals Secures Seven Lithium and Critical Mineral Permits in DRC Amid U.S. Investment Push KoBold Metals, the mineral exploration company backed by U.S. billionaires Jeff Bezos and Bill Gates, has secured seven new permits to explore lithium and other critical minerals in the Democratic Republic of Congo (DRC). The licenses were awarded weeks after the Berkeley, California-based company signed an exploration agreement with the Congolese government, part of a broader strategy to attract American investment into the country’s mining sector. The DRC is the world’s largest producer of cobalt,… Read More Here

Mining in DRC Copper Corporate News Press Release Zinc

Kipushi Debottlenecking Program Completed Ahead of Schedule and Under Budget

August 28, 2025August 31, 2025 Constance

Kipushi concentrator throughput rate increased by 20%, setting new production records Record 1,052 tonnes of zinc produced in 24 hours, equivalent to an annualized rate of over 340,000 tonnes Off-take agreement signed with Mercuria for up to one-third of high-grade zinc production Executive Co-Chair Robert Friedland and President and Chief Executive Officer Marna Cloete announced yesterday that the debottlenecking program at the ultra-high-grade Kipushi Zinc Mine, in the Democratic Republic of Congo, was recently completed both ahead of schedule and under budget. Zinc production from the Kipushi concentrator has significantly… Read More Here

International Copper Corporate News

Zijin Mining Warns of Geopolitical Risks Despite Record Earnings Surge

August 28, 2025August 28, 2025 Constance

Zijin Mining Reports Record Profits but Flags Geopolitical and Resource Nationalism Risks China’s Zijin Mining Group Co., the world’s third-largest metals producer by market value, has warned that geopolitical tensions and rising resource nationalism could challenge its overseas expansion, even as it posts record financial results. The copper and gold giant said that “global uncertainties have become unprecedented”, citing growing competition among major powers for critical minerals. This “high-intensity confrontation,” it warned, could weigh on future revenues, profitability, and new international projects. Zijin has rapidly risen to become one of… Read More Here

International Corporate News Mining Personality

Rio Tinto Reshapes Portfolio Under New CEO Simon Trott

August 28, 2025August 28, 2025 Constance

Rio Tinto CEO Simon Trott Unveils Major Overhaul, Consolidates Divisions and Reviews Non-Core Assets Rio Tinto’s new chief executive, Simon Trott, has announced a sweeping restructuring of the mining giant, consolidating its business into three core divisions—iron ore, copper, and aluminium–lithium—while placing several non-core assets under strategic review. Trott, who officially assumed leadership this week after previously heading Rio Tinto’s iron ore business, said the changes are aimed at simplifying the company’s structure and sharpening its portfolio focus. Iron Ore Division: Matthew Holcz has been appointed chief executive of iron… Read More Here