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Barrick CEO Reaffirms Long-Term Copper Optimism Despite U.S. Tariff Shock 1 Mining in Zambia Copper Corporate News Economy 

Barrick CEO Reaffirms Long-Term Copper Optimism Despite U.S. Tariff Shock

Constance
Barrick CEO Says Copper Demand Will Outpace Supply Despite U.S. Tariff Volatility Copper miners remain confident in the metal’s long-term prospects, despite the short-term price turbulence caused by the United States’ newly announced 50% tariff on imported copper, according to Barrick Gold CEO Mark Bristow. Speaking in Lusaka, Zambia—where Barrick is significantly expanding its copper operations—Bristow emphasized that the underlying fundamentals for copper remain strong, even as geopolitical decisions create short-term uncertainty. On Wednesday, U.S. President Donald Trump announced a new 50% tariff on copper imports, effective August 1, citing… Read More Here
FQM’s Stake in Prospect Resources set to Extend Sentinel Mine and Drive Zambia’s Copper Growth 2 Mining in Zambia Copper Corporate News 

FQM’s Stake in Prospect Resources set to Extend Sentinel Mine and Drive Zambia’s Copper Growth

Constance
FQM Targets Sentinel Mine Life Extension Through Strategic Investment in Mumbezhi Copper Project First Quantum Minerals’ (FQM) recent strategic investment in Prospect Resources could significantly extend the life of its flagship Sentinel copper mine in Zambia, according to FQM Country Director Anthony Mukutuma. In April, the Canada-based mining giant acquired a 15% stake in Prospect Resources, becoming the largest shareholder in the Australia-listed exploration company. This move marks a key step in strengthening FQM’s copper resource base in Zambia. READ ALSO:FQM Invests in Prospect Resources to Advance Mumbezhi Copper Project… Read More Here
Barrick’s $2B Lumwana Expansion to Double Copper Output and Drive Sustainable Growth in Zambia 3 Mining in Zambia Copper Corporate News 

Barrick’s $2B Lumwana Expansion to Double Copper Output and Drive Sustainable Growth in Zambia

Constance
Barrick’s $2 Billion Lumwana Mine Expansion Set to Double Copper Output and Boost Zambia’s Economy Construction of the $2-billion expansion at Barrick Gold Corporation’s Lumwana copper mine in Zambia is well underway, marking a pivotal step in its transformation into a world-class Tier 1 copper operation. The project is being spearheaded by the NYSE- and TSX-listed mining giant and is set to significantly increase output and economic impact. During a recent visit to Lusaka, Barrick president and CEO Mark Bristow highlighted how the expansion builds on a remarkable turnaround that… Read More Here
Barrick and Komatsu Seal $440M Deal to Power Reko Diq with Electric Mining Equipment 4 International Equipment & Technology 

Barrick and Komatsu Seal $440M Deal to Power Reko Diq with Electric Mining Equipment

Constance
Barrick Partners with Komatsu in $440M Deal to Electrify Reko Diq Copper-Gold Mine in Pakistan Barrick Mining Corporation has finalized a landmark $440 million agreement with Japanese construction giant Komatsu to supply electric and hybrid mining equipment for the Reko Diq copper-gold project in Pakistan. This deal represents a major step in decarbonizing one of the world’s most anticipated greenfield mining operations. The agreement includes a full suite of advanced mining machinery—ultra-class electric haul trucks, electric rope shovels, hydraulic mining excavators, and electric wheel loaders—designed to cut carbon emissions and… Read More Here
Dangote Refinery Expands into Namibia with 1.6M-Barrel Fuel Storage to Supply Southern Africa 5 International Oil & Gas Petroleum 

Dangote Refinery Expands into Namibia with 1.6M-Barrel Fuel Storage to Supply Southern Africa

Constance
Dangote Refinery to Build Major Fuel Storage Facility in Namibia to Boost Southern Africa Distribution Dangote Petroleum Refinery is set to build a large-scale fuel storage facility in Namibia with the capacity to hold over 1.6 million barrels of gasoline and diesel, according to two sources cited by Reuters. The project marks a significant step in the company’s strategy to expand its fuel distribution network across Southern Africa and reshape regional energy trade. The planned facility will serve as a key hub for distributing refined products to Namibia, Botswana, Zambia,… Read More Here
Mali Military Airlifts $107M in Gold from Barrick’s Loulo-Gounkoto Mine to Fund Operations 6 International Corporate News Gold 

Mali Military Airlifts $107M in Gold from Barrick’s Loulo-Gounkoto Mine to Fund Operations

Constance
Mali Military Airlifts Gold from Barrick’s Loulo-Gounkoto Mine Amid Operational Restructuring A Malian military helicopter transported gold from Barrick Gold’s (NYSE: GOLD) Loulo-Gounkoto mining complex on Thursday, according to a report by Reuters. The airlift follows a court-appointed administrator’s decision to sell the site’s bullion to help finance ongoing operations. According to the report, the helicopter landed at the mine’s tree-lined airstrip and was met by the site’s security team. The personnel were then escorted to the plant’s gold room, where the bullion was loaded. The aircraft departed five hours… Read More Here
Gemfields Nears Completion of Montepuez Ruby Mine Expansion Amid Challenges 7 Corporate News Gemstones Precious Stones 

Gemfields Nears Completion of Montepuez Ruby Mine Expansion Amid Challenges

Constance
Gemfields to Triple Ruby Output as $70M Montepuez Expansion Nears Completion Gemfields, the UK-based leader in coloured gemstone mining, is nearing the final stages of a major expansion at its Montepuez ruby mine in Mozambique. The $70 million project is expected to significantly increase production capacity, despite recent delays and operational challenges. The company announced that construction of its second processing plant at Montepuez is now 95% complete. Once commissioned, the facility will boost the mine’s ore processing capacity from 200 to 600 tonnes per hour—effectively tripling its throughput. Completion… Read More Here
Ivanhoe Mines Reports 112,009 Tonnes of Copper Produced by Kamoa-Kakula in Q2 2025 8 Corporate News Copper Mining in DRC 

Ivanhoe Mines Reports 112,009 Tonnes of Copper Produced by Kamoa-Kakula in Q2 2025

Constance
Vancouver, Canada – July 8, 2025 — Ivanhoe Mines (TSX: IVN, OTCQX: IVPAF) has announced robust second-quarter 2025 production results and provided updates on key project developments at its flagship operations: Kamoa-Kakula, Kipushi, and Platreef. During Q2 2025, the Kamoa-Kakula Phase 1, 2, and 3 concentrators processed a combined 3.62 million tonnes of ore, producing 112,009 tonnes of copper. This marks an 11% increase compared to the same period in 2024. Copper production for the first half of 2025 now totals 245,127 tonnes. Phase 1 and 2 concentrators are currently… Read More Here
ZEMA Approves $627 Million in Development Projects to Drive Sustainable Growth 9 Mining in Zambia Environment Social Governance (ESG) Mining Policy 

ZEMA Approves $627 Million in Development Projects to Drive Sustainable Growth

Constance
The Zambia Environmental Management Agency (ZEMA) has approved 115 development projects with a combined investment value of $627 million, following the 33rd Environmental Assessment Committee (EAC) meeting held in June 2025. The approved projects span key sectors crucial to Zambia’s economic advancement, including mining (51 projects), mineral processing (22), infrastructure development (18), manufacturing and processing (17), and agriculture, forestry, and tourism (7). The approvals highlight the country’s continued focus on inclusive and environmentally responsible development. Among the major projects greenlit is the construction of a ZAMMSA Regional Medical Warehouse in… Read More Here
First Quantum Minerals Empowers Zambian SMEs at 2025 Trade Fair 10 Mining in Zambia Corporate News Events & Expos 

First Quantum Minerals Empowers Zambian SMEs at 2025 Trade Fair

Constance
First Quantum Minerals (FQM) has reaffirmed its commitment to Zambia’s economic transformation by sponsoring 27 local Small and Medium-sized Enterprises (SMEs) to participate in the 2025 Zambia International Trade Fair in Ndola. This initiative supports the Government’s efforts to boost local content and strengthen business resilience, in line with the fair’s theme: “Enhancing Business Resilience through Innovation and Trade.” FQM’s sponsorship is part of its broader Supplier Development Programme, which aims to empower Zambian businesses within the mining value chain. The programme offers mentorship, access to finance, skills development, and… Read More Here

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