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Codelco Chairman Welcomes U.S. Decision to Exclude Copper Cathodes from Tariffs

July 31, 2025July 31, 2025 Constance

Codelco Applauds U.S. Tariff Exemption on Copper Cathodes: Positive News for Chilean Exports The chairman of Codelco, the world’s largest copper producer, expressed optimism on Wednesday regarding the United States’ decision to exclude copper cathodes from newly proposed tariffs. “A preliminary reading suggests that tariffs will not be applied to copper cathodes, allowing us as a country to continue supplying that market,” said Máximo Pacheco, chairman of Chile’s state-owned mining company, in an interview with Reuters. “It’s good news for Chile and for Codelco.” Chile is not only the world’s… Read More Here

International Copper New Mining Projects

Hercules Metals Secures Major Expansion of Leviathan Copper Belt with Barrick Gold Deal in Idaho

July 30, 2025July 30, 2025 Constance

Hercules Metals Expands Control Over Idaho’s Leviathan Copper Belt Through Strategic Deal with Barrick Gold Canadian exploration company Hercules Metals has entered a strategic agreement with Barrick Gold to consolidate control over a 73-kilometer copper belt surrounding its flagship Leviathan discovery in Idaho. Announced Monday, the deal grants Hercules the option to acquire the “Olympus” claims — over 29,950 hectares of unpatented mining ground — from Barrick’s U.S. subsidiary. The acquisition would be made through staged payments totaling C$8 million over three years. Hercules may fulfill these payments in cash… Read More Here

International Copper New Mining Projects

Fluor Finalizes Role in Barrick’s Multibillion-Dollar Reko Diq Copper Project in Pakistan

July 30, 2025July 30, 2025 Constance

Fluor Secures Final Approval for Major Reko Diq Copper Project in Pakistan with Barrick Mining U.S.-based engineering firm Fluor has received the final notice to proceed from Barrick Gold Corporation for the development of the Reko Diq copper-gold project in Pakistan, a multibillion-dollar venture expected to significantly boost the country’s mining sector. Fluor was appointed as the lead engineering, procurement, and construction management (EPCM) partner by Barrick in April. The company confirmed that it booked its portion of the contract in the second quarter of 2025. While the total contract… Read More Here

International Gold New Mining Projects

Kavango Resources Identifies Key Structural Controls on Gold Mineralisation at Hillside Project in Zimbabwe

July 29, 2025July 29, 2025 Constance

Kavango Confirms Shear Zone Gold Targets at Hillside Project in Zimbabwe’s Filabusi Greenstone Belt London-listed Kavango Resources has released its first technical update on the structural geology of its Hillside gold project, located in Zimbabwe’s Filabusi Greenstone Belt. The analysis, conducted in collaboration with Murgana Structural Consulting of Sofia, Bulgaria, provides valuable insight into the geological setting of three priority prospects: Nightshift, Bill’s Luck, and Steenbok. At all three sites, gold-bearing quartz veins have been confirmed within well-developed shear zones. These findings represent significant structural controls on mineralisation. Preliminary interpretations… Read More Here

International Copper

Chile Pushes for U.S. Copper Tariff Discussions in Broader Trade Talks

July 29, 2025July 29, 2025 Constance

Chile Urges U.S. to Address Copper Tariffs in Ongoing Trade Negotiations Chile is urging the United States to include proposed copper tariffs in broader trade negotiations taking place in Washington this week, according to Finance Minister Mario Marcel. Speaking on Monday during an interview with local radio station Duna, Marcel emphasized the importance of addressing the issue as part of comprehensive trade discussions. The move comes in response to a recent announcement by the Trump administration, which plans to impose a 50% tariff on copper imports starting August 1. Chile,… Read More Here

Mining in DRC Economy Governance

President Tshisekedi Calls for Review of Tax Clearance Measures to Support Economic Growth

July 29, 2025July 29, 2025 Constance

DRC President Tshisekedi Orders Reassessment of Tax Clearance Rules Amid Economic Concerns Amid growing concerns from business leaders over tax clearance requirements affecting commercial and administrative operations, President Félix Tshisekedi has called for a comprehensive review of these measures. His directive came during the 52nd ordinary session of the Council of Ministers. The 2025 Finance Act and its implementing decree of April 9 introduced mandatory tax clearance certificates for a wide range of activities. These include inter-company payments, opening bank accounts for non-residents, and acquiring administrative documents for expatriates. However,… Read More Here

Mining in DRC Economy Governance

Investor Confidence Grows as Standard Bank Endorses DRC’s Development Agenda

July 29, 2025July 29, 2025 Constance

Standard Bank Pledges Investment in DRC Infrastructure Projects Despite Ongoing Security Crisis Investor confidence in the Democratic Republic of Congo (DRC) continues to rise, fueled by President Félix Tshisekedi’s clear development vision. This momentum was further demonstrated on Thursday, July 24, 2025, when Prime Minister Judith Suminwa welcomed a high-level delegation from the Standard Bank Group, led by Lungisa Fuzile, Chief Executive for the Africa Region. The visit aimed to showcase the banking giant’s interest in partnering on key national development projects, despite challenges in the region. “We are here,… Read More Here

International Economy

Namibia Charts Bold Economic Comeback Under First Female President

July 28, 2025July 28, 2025 Constance

Namibia Targets 7% Growth to Regain Upper-Middle-Income Status with Green Hydrogen and Regional Energy Alliance Under the leadership of its first female president, Netumbo Nandi-Ndaitwah, Namibia is laying out an ambitious roadmap to restore its upper-middle-income status after a recent downgrade by the World Bank. The downgrade, prompted by fiscal challenges and a dip in gross national income (GNI) per capita below the $4,496 threshold, reclassified Namibia as a lower-middle-income country. In response, President Nandi-Ndaitwah’s administration has set a bold economic growth target of 7%, anchored by green hydrogen development,… Read More Here

International Economy

South Africa Secures R7 Billion BRICS Bank Loan to Upgrade Aging Road Infrastructure

July 28, 2025July 28, 2025 Constance

South Africa to Revamp Road Infrastructure with R7 Billion BRICS Bank Loan from NDB South Africa is set to receive a R7 billion (approximately $398 million) loan from the New Development Bank (NDB), commonly known as the BRICS Bank, to overhaul its aging road infrastructure. This strategic investment aims to modernize key transportation routes, improve connectivity, ease traffic congestion, and enhance road safety along critical economic corridors. The NDB, established by the BRICS bloc—Brazil, Russia, India, China, and South Africa—is gaining momentum as a major alternative financier for infrastructure projects… Read More Here

International Corporate News

Fortescue Resets Hydrogen Strategy Amid Record-Breaking Iron Ore Performance

July 28, 2025July 28, 2025 Constance

Fortescue Scales Back Hydrogen Projects, Posts Record 198.4M Tonnes Iron Ore Shipments in FY2025 Fortescue has significantly scaled back its global green hydrogen ambitions, shelving its Arizona hydrogen initiative and the PEM50 electrolyser project as part of a strategic reset. Meanwhile, its core iron ore operations have posted record-breaking results for the 2025 financial year. The Australian miner, led by founder Andrew Forrest who had long championed hydrogen as a future growth avenue, is now taking a more measured approach. The company said its energy project pipeline is being “refined… Read More Here