Constance - Copperbelt Katanga Mining

Written by Constance

DRC and Rwanda Launch Joint Monitoring Committee to Oversee Peace Agreement Implementation

August 3, 2025August 3, 2025 Constance

DRC and Rwanda Hold First Joint Monitoring Committee Meeting to Advance 2025 Peace Agreement The Democratic Republic of Congo (DRC) and the Republic of Rwanda convened the inaugural session of the Joint Monitoring Committee on Thursday, July 31, 2025, in Kinshasa, marking a critical step in implementing the Peace Agreement signed on June 27, 2025, in Washington, D.C. Also in attendance were representatives from the United States, Qatar, Togo—acting as the official facilitator appointed by the African Union—and the African Union Commission, all of whom played key roles in brokering… Read More Here

Mining in DRC

Ventora Group Challenges “Congo Is Not for Sale” Report on Mutanda Mine Over Factual Inaccuracies

August 3, 2025August 3, 2025 Constance

Ventora Group Refutes CNPAV Report on Mutanda Mine, Citing Inaccuracies and Omitted Evidence The Ventora Group has publicly rejected the findings of a recent report released by the “Congo Is Not for Sale” (CNPAV) coalition, which scrutinizes the sale of the Mutanda mining project in the Democratic Republic of Congo (DRC). In a press release dated August 1, 2025, Ventora criticized the report’s credibility, citing “serious factual inaccuracies” and “methodological flaws.” “We categorically reject its conclusions and are concerned about its lack of rigor and transparency,” the group stated. Ventora… Read More Here

Mining in DRC

DRC Entered Africa’s Top 10 Mining Jurisdictions for the First Time in 2024

August 3, 2025August 5, 2025 Constance

DRC Ranked Among Africa’s Top 10 Most Attractive Mining Destinations in 2024 Fraser Institute Report The Democratic Republic of Congo (DRC) has entered the list of Africa’s top 10 most attractive mining jurisdictions, according to the 2024 Fraser Institute rankings. While the DRC is positioned at the bottom of the regional top 10, its inclusion marks a notable shift in investor perception within the continent’s mining sector. However, Morocco emerged as the most attractive mining destination in Africa, ranking 18th globally out of 82 jurisdictions assessed. The North African nation—Africa’s… Read More Here

Corporate News Diamond International

Botswana Aims for Majority Stake in De Beers as Anglo American Prepares Exit

August 3, 2025August 3, 2025 Constance

Botswana Seeks Majority Control of De Beers Amid Anglo American’s Exit Strategy The Government of Botswana has signaled its intention to acquire a controlling stake in diamond giant De Beers, according to Mining.com, citing a report from the Financial Times. This move adds a new layer of complexity to Anglo American’s ongoing efforts to divest its ownership of the iconic diamond producer. Currently, Botswana holds a 15% stake in De Beers and owns 50% of Debswana, a joint venture with the company that handles a significant portion of De Beers’… Read More Here

International Copper

Trump Imposes 50% Tariff on Copper Imports to Boost Domestic Industry

August 3, 2025August 3, 2025 Constance

Trump Enacts 50% Tariff on Copper Imports Starting August 1 to Strengthen U.S. Industry and National Security U.S. President Donald Trump has signed a proclamation imposing a 50% tariff on a wide range of copper imports, including semi-finished products such as pipes, wires, rods, sheets, and tubes. The new tariff, effective August 1, is intended to strengthen the domestic copper industry and address national security concerns. According to a White House fact sheet, the tariff applies specifically to semi-finished and copper-intensive derivative products, such as pipe fittings, electrical connectors, cables,… Read More Here

Gold International

Three Gold Miners Accept Mali’s New Mining Code Amid Sector Shake-Up

July 31, 2025July 31, 2025 Constance

Endeavour Mining and Two Others Agree to Mali’s New Mining Code as Regulatory Standoff Eases Three gold producers, including London-listed Endeavour Mining (EDV.L), have agreed to operate under Mali’s controversial new mining code, ending a prolonged standoff that has disrupted the country’s gold sector. Malian Finance Minister Alousseni Sanou and the Minister of Mines announced in a televised address that Somika SA (80% owned by Endeavour and 20% by the Malian government), Faboula Gold, and Bagama Mining have signed a memorandum of understanding to adopt the revised mining framework. The… Read More Here

Gemstones Corporate News

Gemfields Reports $60M in Auction Revenue, Nears Completion of Second Ruby Plant

July 31, 2025July 31, 2025 Constance

Gemfields Achieves $60M in H1 Auction Revenue, Set to Launch New Ruby Plant in Mozambique Gemfields, the AIM-listed gemstone producer, has announced total auction revenues of $60 million for the six months ended June 30, 2025. As of June 30, the company reported a net debt position of $59.6 million, prior to factoring in $16.1 million in auction receivables. This figure includes proceeds from a fully underwritten $30 million rights issue completed on June 13, which involved the issuance of 556.2 million new shares. Significant operational progress is also underway.… Read More Here

International Copper Corporate News

Vedanta Misses Quarterly Profit Estimates Despite Revenue Growth in Aluminium and Copper

July 31, 2025July 31, 2025 Constance

Vedanta Misses Profit Forecasts as Lower Aluminium and Copper Prices, Higher Taxes Weigh on Earnings Indian conglomerate Vedanta Ltd. fell short of quarterly profit expectations for the three months ending June 30, as declining aluminium and copper prices along with higher tax expenses outweighed gains from strong domestic demand. Despite reporting a 6.2% year-on-year increase in total revenue to ₹374.34 billion ($4.3 billion), Vedanta’s consolidated net profit dropped to ₹31.85 billion, down from ₹36.06 billion during the same quarter last year. Analysts polled by LSEG had expected a profit of… Read More Here

Copper Corporate News

Glencore Boosts Copper-Equivalent Output by 5%, Targets $1 Billion in Cost Cuts by 2026

July 31, 2025July 31, 2025 Constance

Glencore Reports 5% Rise in Copper Equivalent Output, Unveils $1 Billion in Cost-Saving Opportunities Diversified mining giant Glencore reported a 5% year-on-year increase in copper equivalent production for the six months ending June 30, 2025, driven by the integration of Elk Valley Resources’ steelmaking coal volumes. According to the Johannesburg Stock Exchange-listed company, steelmaking coal production totaled 15.7 million tonnes, with 12.7 million tonnes contributed by Elk Valley Resources in Canada. Australian steelmaking coal output fell 12% to 3 million tonnes, primarily due to a temporary suspension at Oaky Creek… Read More Here

Mining in DRC Corporate News

Ivanhoe Mines Delivers Strong Q2 Results Amid Operational Resilience Across Key Projects

July 31, 2025July 31, 2025 Constance

Ivanhoe Mines Posts $35M Q2 Profit, Highlights Progress at Kamoa-Kakula, Platreef, and Kipushi Operations Ivanhoe Mines has reported a second-quarter profit of $35 million, alongside adjusted EBITDA of $123 million. This includes $128 million in attributable EBITDA from the Kamoa-Kakula copper complex in the Democratic Republic of Congo (DRC). Kamoa-Kakula produced 112,009 tonnes of copper during the quarter. The Phase 1 and 2 concentrators operated at 85% of their design capacity, while the newly commissioned Phase 3 concentrator exceeded expectations, running at 30% above its design capacity. Operations at the… Read More Here