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Vedanta Seeks $1 Billion to Boost Copper Output at Zambia’s KCM 1 Mining in Zambia Copper Corporate News Economy 

Vedanta Seeks $1 Billion to Boost Copper Output at Zambia’s KCM

Constance
Vedanta Resources Ltd.’s Zambian copper mining unit has appointed Rand Merchant Bank (RMB) to help raise up to $1 billion in debt financing to support the expansion of its operations at Konkola Copper Mines (KCM). The move comes ten months after Vedanta — owned by Indian billionaire Anil Agarwal — regained control of an 80% stake in KCM following a lengthy dispute with the Zambian government. As part of the settlement, Vedanta committed to invest $1 billion in revitalizing the mining complex. Since then, the company has injected $330 million,… Read More Here
Barrick Gold Changes Name to Barrick Mining Corporation and Updates NYSE Ticker to B 2 Gold Corporate News International 

Barrick Gold Changes Name to Barrick Mining Corporation and Updates NYSE Ticker to B

Constance
NYSE- and TSX-listed Barrick Gold Corporation has officially changed its name to Barrick Mining Corporation (or Société minière Barrick in French) following shareholder approval at its annual and special meeting held on May 6. The company’s common shares will begin trading under the new name on both exchanges effective May 9. On the New York Stock Exchange (NYSE), the ticker symbol will change from GOLD to B starting that day. On the Toronto Stock Exchange (TSX), shares will continue to trade under the ABX symbol. In addition to the name… Read More Here
Barrick’s $10-Billion Reko Diq Project Gathers Momentum Ahead of 2028 Production Target 3 International Corporate News Gold New Mining Projects 

Barrick’s $10-Billion Reko Diq Project Gathers Momentum Ahead of 2028 Production Target

Constance
Barrick Mining CEO Mark Bristow says momentum is building at the company’s Reko Diq copper-gold project in Pakistan, with construction progressing steadily, exploration yielding promising results, and production slated to begin by the end of 2028. “This is a world-class copper-gold project that will generate immense value—not just for Barrick, but also for our partners in Pakistan, especially in Balochistan,” Bristow said on Wednesday. “It’s one of the largest undeveloped porphyry copper-gold systems globally, and its potential is not yet reflected in our share price.” The project will be developed… Read More Here
Kagem Resumes Targeted Mining to Boost Premium Emerald Recovery 4 Mining in Zambia Emeralds 

Kagem Resumes Targeted Mining to Boost Premium Emerald Recovery

Constance
Kagem Mining Limited, Zambia’s leading emerald producer, is set to resume focused open-pit mining operations to boost the recovery of premium-quality emeralds, Gemfields Group Limited announced yesterday. Located in Lufwanyama District, the Kagem mine is 75% owned by UK-based Gemfields and 25% by the Zambian government through the Industrial Development Corporation (IDC). Mining activities had been suspended since January 1, 2025, as part of a strategic cost-saving initiative. During the pause, operations shifted to processing existing ore stockpiles using an upgraded plant. Although emerald production continued steadily in terms of… Read More Here
Barrick Faces Prolonged Mali Dispute as Gold Seizure and Employee Arrests Weigh on Operations 5 International Corporate News Gold 

Barrick Faces Prolonged Mali Dispute as Gold Seizure and Employee Arrests Weigh on Operations

Constance
Barrick Mining is spending $15 million a month to maintain its Mali operations amid an ongoing dispute with the country’s government over taxes and a controversial gold seizure, CEO Mark Bristow said on Wednesday. In an interview, Bristow revealed that the Malian government has reneged on three separate agreements to resolve a tax disagreement and criticized the detention of four Barrick employees as a violation of human rights. “You have four executives from a Western company incarcerated—this can only be described as human rights abuse,” Bristow said. “These individuals have… Read More Here
Ivanhoe Reaches Flatreef’s Rich Multimetal Orebody After 30-Year Quest 6 Mining in DRC Copper Gold New Mining Projects Nickel 

Ivanhoe Reaches Flatreef’s Rich Multimetal Orebody After 30-Year Quest

Constance
Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Executive Co-Chairman Robert Friedland and President and Chief Executive Officer Marna Cloete announced that mining crews have driven underground development into the high-grade platinum, palladium, rhodium, nickel, gold, and copper orebody for the first time, as the mine rapidly advances to commercial production later this year. The significant milestone comes over 30 years since Ivanplats, the company’s subsidiary, acquired the first exploration licence and 15 years since the discovery of the 26-metre thick, flat-lying Flatreef orebody was announced. Today’s milestone also comes nine years… Read More Here
Metso Wins Order for Energy-Efficient Equipment at Nyanzaga Gold Project in Tanzania 7 Corporate News International New Mining Projects Press Release 

Metso Wins Order for Energy-Efficient Equipment at Nyanzaga Gold Project in Tanzania

Constance
Perseus Mining Limited’s 80% owned subsidiary Sotta Mining Corporation Ltd. has awarded Metso an order for a SuperiorTM MKIII 4265 primary gyratory and two Metso Plus PremierTM grinding mills with a total installed power of 21MW. The equipment will be installed at Sotta Mining’s Nyanzaga gold project in northwest Tanzania. The order value exceeds EUR 20 million and it has been booked in the Minerals segment’s 2025 first-quarter orders received. Matt Cavedon, General Manager, Project Development at Perseus, noted: “Perseus is looking forward to the successful deployment of Metso’s state-of-the-art… Read More Here
Soventix Joins Solar-Storage Project to Power DRC’s Kamoa-Kakula Copper Mine 8 Mining in DRC Corporate News Energy 

Soventix Joins Solar-Storage Project to Power DRC’s Kamoa-Kakula Copper Mine

Constance
German solar energy company Soventix GmbH will play a key role in the development of a large-scale solar and battery storage project to power the Kamoa-Kakula copper complex in the Democratic Republic of Congo (DRC). The company announced its participation on April 30, 2025. Soventix will be responsible for planning, project management, and supplying key components. The project is being led by CrossBoundary Energy, a developer specializing in renewable energy solutions for commercial and industrial clients, which will operate the facility. Earlier in April, Kamoa Copper—the owner of the Kamoa-Kakula… Read More Here
Zambia Approves Cross-Border Power Line to DRC Amid Growing Mining Demand 9 Mining in Zambia Electricity Mining in DRC 

Zambia Approves Cross-Border Power Line to DRC Amid Growing Mining Demand

Constance
Zambia’s Energy Regulation Board has approved the Kalumbila-Kolwezi Interconnection Project (KKIP), paving the way for a new 330 kV high-voltage transmission line linking Zambia and the Democratic Republic of Congo (DRC). The approval, granted on May 6, 2025, marks a major milestone in the development of the 190-kilometre project. Led by Enterprise Power DRC (Enpower), a private electricity trading firm, the KKIP has been in development for several years. While Zambia’s greenlight is a key step forward, the project is still awaiting approval from the DRC’s electricity regulator. Comprehensive feasibility… Read More Here
Tantalite Prices Surge Amid DRC Supply Disruptions and Ongoing Conflict 10 Mining in DRC 

Tantalite Prices Surge Amid DRC Supply Disruptions and Ongoing Conflict

Constance
Tantalite prices have surged by 25% since January 2025, reaching their highest levels since April 2023. According to sources, the ore is now trading between $100 and $105 per pound on the European spot market. The upward trend began in February, when data provider Argus raised its price estimates to $80–$88 per pound, up 8% from the previous range of $75 to $81. This rally is primarily driven by declining supply from the Democratic Republic of Congo (DRC), the world’s leading producer of tantalum. In 2023, the DRC accounted for… Read More Here

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