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Zijin Mining Emerges as Lead Bidder for Barrick’s Tongon Gold Mine in Côte d’Ivoire

July 28, 2025July 28, 2025 Constance

Zijin Mining Poised to Acquire Barrick’s Tongon Gold Mine in Côte d’Ivoire for Up to $500 Million Zijin Mining, one of China’s largest gold and copper producers, is the leading contender to acquire Barrick Gold’s Tongon mine in northern Côte d’Ivoire for up to $500 million, according to two sources familiar with the matter. Barrick, the world’s third-largest gold producer, is actively reshaping its asset portfolio by prioritizing high-margin, long-life operations, with increasing emphasis on copper and strategic assets across Africa and the Middle East. The move comes amid mounting… Read More Here

International

Ghana Overhauls Mining Laws to Boost Local Benefits and Tighten Regulations

July 28, 2025July 28, 2025 Constance

Ghana’s Sweeping Mining Law Reforms Aim to Shorten Licences and Mandate Revenue Sharing with Communities Ghana is set to implement its most significant mining law reforms in nearly two decades, aiming to shorten licence durations and require mining companies to share revenues directly with local communities. The announcement came from Minister of Lands and Natural Resources Emmanuel Armah Kofi Buah during a6 presentation in Accra. These reforms align with a broader regional trend in West Africa, where governments are updating mining codes to capture more value amid rising global commodity… Read More Here

International Copper

Glencore to Close Mt Isa Copper Mines After 60 Years as Smelter Faces Uncertain Future

July 28, 2025July 28, 2025 Constance

Glencore Nears Closure of Mt Isa Copper Mines, Smelter Future Uncertain Glencore is set to close its final two copper mines in Mount Isa, Queensland, this week, marking the end of an era for the company’s upstream copper operations in Australia. The decision comes ahead of a separate determination on the future of the region’s copper smelter, which may also be shut down. A spokesperson for Glencore confirmed that the mines—operational for more than 60 years—are being closed due to declining ore grades, rendering them economically unviable. The company first… Read More Here

Gold International

Caledonia Mining Boosts 2025 Profit Outlook on Strong Zimbabwe Gold Production

July 27, 2025July 27, 2025 Constance

Caledonia Mining Expects 2025 Profitability to Exceed Market Estimates Driven by Increased Gold Production Zimbabwe-focused gold miner Caledonia Mining Corporation has announced that it expects its profitability for the 2025 financial year to be significantly ahead of market expectations. “We are very pleased with the excellent production results announced on July 16. Combined with a robust and sustained gold price, we are experiencing strong profitability,” said CEO Mark Learmonth. “This success reflects the hard work and dedication of the team at Blanket Mine and across the group, which we have… Read More Here

International Energy Uranium

Paladin Energy Forecasts Strong FY2026 Growth for Namibia’s Langer Heinrich Uranium Mine

July 27, 2025July 27, 2025 Constance

Paladin Energy Forecasts 4.4M lbs Uranium Output in FY2026 as Langer Heinrich Mine Ramps Up Australia- and Canada-listed Paladin Energy has released its financial year 2026 (FY2026) guidance for the Langer Heinrich Mine (LHM) in Namibia, forecasting a significant increase in uranium production as operations shift from processing stockpiled ore to primary mined feed. The company anticipates producing between 4.0 million and 4.4 million pounds of uranium oxide (U₃O₈) and expects to sell 3.8 million to 4.2 million pounds over the fiscal year. The cost of production is projected at… Read More Here

International Copper Corporate News

Teck Resources Lowers Output Forecast at Chile Copper Mine Amid Operational Setbacks

July 27, 2025July 27, 2025 Constance

Teck Resources Cuts Copper Production Forecast at Quebrada Blanca Mine Due to Tailings and Equipment Issues Teck Resources Ltd. has reduced its 2024 production guidance for its flagship Quebrada Blanca copper mine in Chile, citing ongoing operational challenges that continue to hinder its ramp-up efforts. The large-scale open-pit mine, known as QB2, is located in the high Andes and is experiencing issues related to tailings storage. In its latest earnings statement and conference call on Thursday, Teck disclosed that these issues are not only requiring additional spending but are also… Read More Here

Mining in DRC Battery Metals Cobalt Economy

DRC Aims to Boost Local Cobalt Refining by Targeting Fairer Prices and Long-Term Market Stability

July 27, 2025July 27, 2025 Constance

Congo Eyes Cobalt Price Rebound to Drive Local Refining, Reduce China’s Dominance The Democratic Republic of Congo (DRC) is pushing for a sustainable cobalt price to encourage domestic processing, as the government charts its course following a suspension of cobalt exports. The move, part of a broader strategy to stabilize global markets and attract local investment, comes amid shifting dynamics in the critical battery metal industry. Congo, responsible for nearly 75% of the world’s cobalt supply, first halted exports on February 22 for four months. In June, the government extended… Read More Here

Mining in DRC Governance

President Tshisekedi Appoints New Leadership at Congo Ressources SA to Boost Mining Sector

July 27, 2025July 27, 2025 Constance

DRC President Tshisekedi Names New Congo Ressources SA Leaders to Revitalize Dormant Mining Assets President Félix-Antoine Tshisekedi Tshilombo has appointed new leaders to key public institutions, including the state-owned mining company Congo Ressources SA. The announcements were made by presidential spokesperson Tina Salama during a broadcast on Congolese National Radio and Television (RTNC). New Leadership at Congo Ressources SATwo executives have been named to head Congo Ressources SA, a public enterprise established in 2022 under the supervision of the Ministry of Portfolio: Kankolongo Mulaja Léon: Chairman of the Board of… Read More Here

Mining in DRC

DRC to Host Strategic Minerals Summit in Washington Amid Growing U.S. Interest

July 27, 2025July 27, 2025 Constance

U.S.-DRC Critical Minerals Summit to Foster American Investment in Copper, Cobalt, and Coltan The Democratic Republic of the Congo (DRC) will take center stage at a high-level international summit on critical minerals this Monday, August 21, 2025, in Washington, D.C., United States. Sponsored by the Congolese firm Sokam Holding Sarl, the summit will focus on the responsible exploitation of copper, coltan, and cobalt—minerals in which the DRC holds nearly 80% of the world’s known reserves. These resources are crucial to the global transition to clean energy technologies. The event, officially… Read More Here

Mining in DRC Battery Metals Corporate News New Mining Projects

KoBold Metals Files for Exploration Permits with CAMI in the DRC

July 27, 2025July 27, 2025 Constance

KoBold Metals Seeks Over $1 Billion Lithium Investment in DRC Amid Legal Dispute Over Manono Mine Benjamin Katabuka, CEO of KoBold Metals in the Democratic Republic of Congo, officially submitted exploration permit applications to the DRC’s Mining Registry last Wednesday. Following the submission, Katabuka held a high-level meeting with Popol Mabolia Yenga, CEO of the Mining Cadastre. This development comes on the heels of a strategic agreement signed on July 17, 2025, between the Congolese government and KoBold Metals, an American start-up leveraging artificial intelligence to locate and extract critical… Read More Here