You are here

Written by 

Gemfields Takes $125.2 Million Impairment on Montepuez Ruby Mine 1 International Corporate News Gemstones 

Gemfields Takes $125.2 Million Impairment on Montepuez Ruby Mine

Constance
Gemfields Records US$125.2 Million Montepuez Impairment After Lower Ruby Grades Gemfields expected to report a net loss of US$73.5 million for the six months ended June 30, 2026, after recording a US$125.2 million non-cash impairment on its Montepuez Ruby Mining (MRM) operation in Mozambique. The impairment followed lower-than-expected recoveries of premium-grade rubies at Montepuez, prompting the company to adopt a more conservative outlook for future grade recoveries. Gemfields said recent recoveries had shown early signs of improvement, but further production data was needed before drawing firm conclusions. The company also… Read More Here
DRC’s Kasaï-Oriental Moves to Formalise Artisanal Copper Mining 2 Mining in DRC Artisanal mining Copper 

DRC’s Kasaï-Oriental Moves to Formalise Artisanal Copper Mining

Constance
Kasaï-Oriental Moves to Formalise Artisanal Copper Mining and Boost Local Processing in DRC The government of the Democratic Republic of Congo’s (DRC) Kasaï-Oriental Province is moving to formalise artisanal copper mining and create conditions for local processing of the mineral in Mbuji-Mayi. A delegation comprising representatives of the Ministry of Mines, the Service for Assistance and Supervision of Artisanal and Small-Scale Mining (SAEMAPE), the Centre for Evaluation, Expertise and Certification (CEEC), the Entreprise Générale du Cobalt (EGC), the Mining Cadastre and the General Inspectorate of Mines (IGEM) visited mining sites… Read More Here
André Mbata Leads DRC-China Parliamentary Delegation on Visit to TFM 3 Mining in DRC Copper Corporate News 

André Mbata Leads DRC-China Parliamentary Delegation on Visit to TFM

Constance
André Mbata Leads 23 DRC MPs on Visit to Tenke Fungurume to Assess Mining Investment and Operations A delegation of 23 members of the Democratic Republic of Congo’s (DRC) National Assembly, accompanied by representatives of the Chinese Embassy, visited Tenke Fungurume Mining (TFM) in Lualaba on September 23 as part of a working mission to Chinese-backed mining companies operating in the province. The delegation was led by Professor André Mbata, coordinator of the DRC-China Friendship Group. The visit was aimed at gaining a better understanding of the operations, investments and… Read More Here
Louis Watum Joins Suminwa at UN to Advance DRC’s Critical Minerals Agenda 4 Mining in DRC Critical Minerals 

Louis Watum Joins Suminwa at UN to Advance DRC’s Critical Minerals Agenda

Constance
Louis Watum and Judith Suminwa Present DRC’s Critical Minerals and Industrialisation Agenda at UN Democratic Republic of Congo (DRC) Mines Minister Louis Watum Kabamba accompanied Prime Minister Judith Suminwa Tuluka to the 81st session of the United Nations General Assembly in New York, where the government presented its vision for using the country’s critical minerals to drive economic and industrial development. Speaking at the UN, Suminwa highlighted the DRC’s position as the world’s leading cobalt producer and a major copper producer, placing the country at the centre of the global… Read More Here
Vedanta Plans $365 Million Rupee Bond Sale 5 International Copper Corporate News News in Brief 

Vedanta Plans $365 Million Rupee Bond Sale

Constance
Vedanta Plans US$365 Million Rupee Bond Sale at 8.75% Coupon Indian diversified mining company Vedanta is preparing to raise 35 billion rupees (about US$365 million) through its first rupee-denominated bond issue of the financial year, according to two merchant bankers. The company plans to issue three-year bonds at a coupon of about 8.75%, with the transaction expected to be completed within three to four days ahead of the Reserve Bank of India’s monetary-policy decision early next month. Vedanta has reportedly tied up with several foreign banks and mutual funds for… Read More Here
High Copper Prices Support Chilean Miners as Investment Costs Rise 6 Investment News Copper International 

High Copper Prices Support Chilean Miners as Investment Costs Rise

Constance
High Copper Prices Support Chile Miners as Rising Investment and Costs Limit Gains High copper prices are supporting profitability for mining companies in Chile, but rising investment requirements and operating costs are limiting the gains, according to Moody’s. Chile, the world’s largest copper producer, is undergoing a major investment cycle focused on maintaining production and replacing reserves as ageing deposits become more challenging to mine. Copper prices on the London Metal Exchange had risen 9% during the quarter, supporting miners’ earnings. However, Moody’s said significant capital expenditure was absorbing much… Read More Here
DRC Mines Minister Highlights Lobito Corridor Investment Potential 7 Investment News Mining in DRC Transport and Logistics 

DRC Mines Minister Highlights Lobito Corridor Investment Potential

Constance
DRC Mines Minister Louis Watum Pushes Lobito Corridor as Investment and Industrialisation Platform Democratic Republic of Congo (DRC) Mines Minister Louis Watum Kabamba has called for greater investment in the Lobito Corridor, highlighting its potential to support mineral development, regional trade and industrial growth. Watum made the remarks in New York during the “Financing Africa’s Future” forum, where government officials, investors and industry leaders discussed ways to mobilise capital for strategic infrastructure projects across Africa. The minister presented the DRC’s vision for the Lobito Corridor as more than a transport… Read More Here
US Investors Show Growing Interest in DRC Critical Minerals 8 Mining in DRC Cobalt Copper Critical Minerals Lithium 

US Investors Show Growing Interest in DRC Critical Minerals

Constance
US Investors Step Up Interest in DRC Critical Minerals as Chemaf and KoBold Advance Projects US companies are showing growing interest in the Democratic Republic of Congo’s critical-minerals sector, with investors pursuing opportunities in mining, exploration and mineral development. DRC Minister of Mines Louis Watum Kabamba said there was increasing interest from US companies seeking to invest in the country, acquire mining concessions and create jobs. Speaking in New York on the sidelines of the 81st United Nations General Assembly, Watum pointed to recent developments involving Chemaf and KoBold Metals… Read More Here
Glencore International Corporate News News in Brief 

Glencore Sets October 14 Date for Australian Market Debut

Constance
Glencore to Begin Trading on ASX on October 14 as Company Targets Australian Investors Glencore is set to begin trading on the Australian Securities Exchange (ASX) on October 14, following approval for its secondary listing. The mining and commodities group said it had satisfied all substantive requirements to join the ASX as a foreign exempt listing. Its CHESS Depositary Interests (CDIs) will trade under the ticker GLC, with each CDI representing one Glencore ordinary share. The listing will not involve a capital raising or the issuance of new shares. Glencore… Read More Here
USTDA Backs Power Study for Lobito Corridor in Zambia and DRC 9 Mining in DRC Mining in Zambia Transport and Logistics 

USTDA Backs Power Study for Lobito Corridor in Zambia and DRC

Constance
USTDA Funds US$3 Million Power Study for Zambia-DRC Lobito Corridor The US Trade and Development Agency (USTDA) has signed an agreement with Anzana Electric Group to fund a feasibility study aimed at improving electricity supply across Zambia’s North-Western Province and the Democratic Republic of Congo’s (DRC) Lualaba Province. The study will assess opportunities to expand hydropower generation, rehabilitate existing power assets and upgrade electricity distribution networks serving copper and cobalt mining operations along the Lobito Corridor. It will also examine options to expand electricity access to surrounding communities. The project… Read More Here

You have successfully subscribed to the newsletter

There was an error while trying to send your request. Please try again.

Copperbelt Katanga Mining will use the information you provide on this form to be in touch with you and to provide updates and marketing.