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Barrick Gold Sells Assets and Pivots to Copper as Bullion Prices Soar 1 International Copper Corporate News Gold 

Barrick Gold Sells Assets and Pivots to Copper as Bullion Prices Soar

Constance
Barrick Gold, one of the world’s leading gold producers, is seizing the opportunity presented by record-high gold prices to streamline its portfolio and pivot more aggressively toward copper mining. On Tuesday, the company announced the sale of its 50% stake in the Donlin gold project in Alaska to billionaire investor John Paulson and Novagold Resources for $1 billion—well above Toronto-Dominion Bank’s estimated $600 million valuation. This move is part of a broader strategy to divest non-core assets while gold prices remain elevated. Barrick has also hinted at additional asset sales,… Read More Here
Antamina Suspends Operations After Fatal Accident at Yanacancha Camp 2 International Mining safety 

Antamina Suspends Operations After Fatal Accident at Yanacancha Camp

Constance
Antamina, Peru’s largest copper and zinc mining operation, has temporarily shut down all activities after a tragic accident at its Yanacancha camp in Huari, Ancash, led to the death of a senior manager and left another employee injured. In an official statement, the Antamina Mining Company said:“This is a difficult time for all of us at Compañía Minera Antamina. We regret to inform you that, due to an accident, Mr. Edwin Colque Calisaya, our Senior Operations Manager, has passed away. Another colleague from the same division, Mr. Yorhinio León Robles,… Read More Here
Angola to Anchor New Africa-Latin America Copper Route 3 Copper Angola Mining in DRC Transport and Logistics 

Angola to Anchor New Africa-Latin America Copper Route

Constance
The multinational company PLASFER, which specializes in raw material exports, is advancing administrative and technical processes to leverage the Lobito Corridor as a “New Copper Industry Export Route.” This strategic logistics route aims to connect the Democratic Republic of Congo (DRC), Angola, Latin America, and Europe. PLASFER has spent over three years developing an innovative project in the DRC, in collaboration with partners across Europe and the Americas. The company considers this new logistics initiative one of the most significant developments in African trade in the past 50 years, as… Read More Here
Zimbabwe’s ZiG Faces Slow Demise Amid Public Distrust and Policy Missteps 4 International Economy 

Zimbabwe’s ZiG Faces Slow Demise Amid Public Distrust and Policy Missteps

Constance
Zimbabwe’s latest currency, the ZiG, is heading toward failure—not through rapid devaluation, but through increasing irrelevance, according to Imara Asset Management, the country’s oldest independent brokerage. Unlike previous currency collapses driven by hyperinflation, the ZiG’s struggle stems from policy missteps and a severe liquidity crunch now entering its sixth month, Bloomberg reports. Introduced in 2024 as Zimbabwe’s sixth attempt in 15 years to stabilize its currency, the ZiG is backed by 2.5 tons of gold and $100 million in foreign currency reserves held by the central bank. Despite these efforts,… Read More Here
Nigeria and South Africa Forge Strategic Mining Partnership to Boost Sector Development 5 International Partnership 

Nigeria and South Africa Forge Strategic Mining Partnership to Boost Sector Development

Constance
Nigeria and South Africa have signed a Memorandum of Understanding (MoU) to strengthen cooperation in the mining sector, focusing on investment, knowledge sharing, and technology transfer between the two nations. The agreement was formalized in Abuja by Nigeria’s Minister of Solid Minerals Development, Dele Alake, and South Africa’s Minister of Mineral Resources and Energy, Gwede Mantashe. The MoU outlines collaboration in key areas such as geological mapping using drones, the sharing of mineral data, and joint exploration of agro and energy minerals in Nigeria. Minister Alake emphasized that the partnership… Read More Here
Zambia Eyes Inflation Target for First Time Since 2019 Amid Economic Recovery 6 Mining in Zambia Economy 

Zambia Eyes Inflation Target for First Time Since 2019 Amid Economic Recovery

Constance
For the first time in six years, Zambia is on track to bring its inflation rate within the central bank’s target range—a key milestone in the country’s economic recovery. Secretary to the Treasury, Felix Nkulukusa, announced on Thursday that annual consumer price inflation is projected to fall below 8% by the end of 2025, aligning with the Bank of Zambia’s target range of 6% to 8%. “We expect inflation to continue to decline,” Nkulukusa said during a speech in Lusaka. “We are confident that we can probably reach the 6–8%… Read More Here
ERG Deploys Autonomous Trucks, AI Technology at Kazakhstan Operations in Push Toward Mining Innovation 7 Corporate News Mining Equipment Technology & Innovation 

ERG Deploys Autonomous Trucks, AI Technology at Kazakhstan Operations in Push Toward Mining Innovation

Constance
Global metals and mining company Eurasian Resources Group (ERG) is implementing AI technologies at its operations in Kazakhstan, including autonomous dump trucks and an advanced Manufacturing Execution System, as part of its continuing digital transformation. The company is the first in Kazakhstan to deploy driverless vehicles for mining operations. By adopting autonomous technologies, ERG aims to reshape mining industry dynamics in Central Asia and contribute to mining’s next chapter through cutting-edge innovations. ERG’s autonomous dump trucks at its Vostochny open-pit coal mine have already transported over two million tonnes of… Read More Here
Eurasian Resources Group refutes negotiations to sell the Company 8 Corporate News Press Release 

Eurasian Resources Group refutes negotiations to sell the Company

Constance
Shukhrat Ibragimov, ERG’s CEO and Chairman of the Board of Directors: “ERG is definitely not for sale” In response to a number of media speculations in the course of the last few weeks, including publications about a Mr James Cameron’s proposal to buy Eurasian Resources Group (ERG), Mr Shukhrat Ibragimov, Chairman of the ERG Board of Directors and its Chief Executive Officer, stated there are no negotiations on the sale of ERG. He said the company’s management is fully committed to further consistent, sustainable development of the Group. There are… Read More Here
U.S. Investor Offers $5 Billion for Eurasian Resources Group Amid Kazakhstan’s Rare Earth Push 9 Corporate News 

U.S. Investor Offers $5 Billion for Eurasian Resources Group Amid Kazakhstan’s Rare Earth Push

Constance
American businessman James Cameron has made a $5 billion offer to acquire Eurasian Resources Group (ERG), according to a letter sent to the company’s board. The bid comes as ERG prepares to play a central role in Kazakhstan’s ambitious expansion of its rare earth metals sector. ERG, a Luxembourg-based mining conglomerate, produces copper, cobalt, aluminum, and iron ore, and is 40% owned by the Kazakh government. In 2023, the company announced the formation of a task force to evaluate rare earth and rare metal deposits in Kazakhstan. Interest in these… Read More Here
Fifteen years on, SRK’s growing footprint embedded in DRC mining evolution 10 Mining in DRC Sponsored Content 

Fifteen years on, SRK’s growing footprint embedded in DRC mining evolution

Constance
Having been active in the Democratic Republic of Congo (DRC) since the 1990s, SRK Consulting’s work in the country has diversified considerably – especially since it established its country office in Lubumbashi fifteen years ago in 2010. Celebrating this milestone ahead of the upcoming DRC Mining Week in June, SRK Consulting Congo chairman Dominique Sambwa notes that the formal collaboration between SRK Consulting Congo and their colleagues in South Africa (SA) and China continues to assist the growing number of mining clients who are China-based. “We value the contribution made… Read More Here

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