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Gold Corporate News International 

Barrick Plans 30% Growth and Considers Rebrand to Reflect Broader Mining Focus

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Barrick Gold (NYSE: GOLD, TSX: ABX) announced on Friday that it is advancing a series of growth projects aimed at boosting gold-equivalent production by 30% by the end of the decade. Chairman John Thornton noted that despite a challenging global operating environment, Barrick met its 2024 gold and copper production targets, sustained its record of reserve replacement, and significantly expanded its resource base. “We improved our financial performance despite higher costs,” Thornton said in a statement. “Net earnings rose 69% — the highest in a decade — while operating cash… Read More Here
Mining in DRC 

South Kivu Governor Exposes True Routes of Illicit Mineral Exports

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During his address to the Foreign Affairs Committee of the French National Assembly on April 2, 2025, the Governor of South Kivu Province, Jean-Jacques Purusi Sadiki, shed light on the growing issue of illicit mineral exploitation in his region. He refuted widely held assumptions about the destination of these illegally mined resources. “Contrary to claims that 90% of South Kivu’s illicit mineral production goes to China, our data shows otherwise,” the governor stated. “About 67% is exported to the Middle East—specifically Dubai, the United Arab Emirates, and Saudi Arabia—while less… Read More Here
Mining in DRC 

DRC Launches Strategic Plan to Secure 3T Minerals Amid Regional Smuggling Concerns

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During the 38th Ordinary Meeting of the Council of Ministers held on Friday, April 4, 2025, in Kinshasa, Prime Minister Judith Suminwa emphasized the urgent need to secure the Democratic Republic of Congo’s strategic mineral resources, given the country’s ongoing security challenges. According to the government’s spokesperson, Minister of Communication and Media Patrick Muyaya, the meeting particularly focused on the minerals known as the “3Ts”—tungsten, tantalum, and tin. Prime Minister Suminwa chaired a strategic session with experts from the Prime Minister’s Office, the Ministry of Mines, the Mining Registry, the… Read More Here
International 

Glencore Reassesses Future of Australian Copper Smelter and Refinery Amid Market Pressures

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Anglo-Swiss commodities giant Glencore has engaged both Queensland’s and the Australian Federal Government in discussions concerning the future of its Mount Isa copper smelter and Townsville copper refinery. This follows Glencore’s October 2023 announcement that it would close its Mount Isa copper mines in the second half of 2025, citing studies showing that extending the life of the underground operations was no longer viable. “Following extensive assessments, we now estimate the workforce impact to be around 500 people—significantly lower than the initial projection of 1,200,” said Sam Strohmayr, Glencore’s Chief… Read More Here
Mining in DRC Copper Energy 

Kamoa Copper Signs Landmark Deal for Africa’s First Solar Baseload Plant

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Kamoa Copper S.A. has signed a landmark power purchase agreement (PPA) with CrossBoundary Energy to supply baseload renewable energy to the Kamoa-Kakula Copper Complex near Kolwezi, in the Democratic Republic of the Congo (DRC). This marks a significant milestone in the region’s shift toward sustainable mining operations. Kamoa Copper is a joint venture between Ivanhoe Mines, Zijin Mining Group, and the DRC government, which holds a 20% ownership stake. The Kamoa-Kakula complex is the largest copper mine in Africa, with an annual production capacity of approximately 600,000 tonnes. The on-site… Read More Here
International 

Key South African mineral exports to the US excluded from damaging tariffs

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The Minerals Council South Africa is concerned about the potential damage to global economic growth and the resultant lower demand for South Africa’s minerals as a result of sweeping tariffs imposed by the US government on imports from foreign countries. While the majority of South Africa’s minerals and metals sold to US consumers are excluded from the tariffs, there are some like iron ore and diamonds that will be subject to the 30% reciprocal tariff on imports from South Africa that President Donald Trump announced on Tuesday as part of… Read More Here
Mining in Zambia Copper Exploration New Mining Projects 

Ivanhoe Mines Commences Giant Copper Exploration Program in Zambia

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Executive Co-Chair Robert Friedland and President & Chief Executive Officer Marna Cloete have announced that the company has been granted by the Government of the Republic of Zambia a vast, 7,757-square-kilometre package of new exploration licences in the highly-prospective North-Western Province of Zambia. Ivanhoe’s thesis behind the strategically selected licence package is to explore for an extension of the Central African Copperbelt. As announced on September 10, 2024, a memorandum of understanding (MOU) was signed between Ivanhoe Mines and the Republic of Zambia’s Ministry of Mines and Minerals Development (Ministry of… Read More Here
Mining in Zambia Angola Mining in DRC Transport and Logistics 

U.S. Reaffirms Commitment to Lobito Corridor Investments

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The United States has reaffirmed its commitment to continuing investments along the Lobito Corridor, confirmed the U.S. Chargé d’Affaires in Angola and São Tomé and Príncipe during his visit to Huambo on Tuesday. James Story, after meeting with Governor Pereira Alfredo, stated that his three-day visit to the Lobito Corridor projects is part of an initiative that includes 16 ambassadors from various countries. This visit aims to demonstrate the U.S. government’s commitment to supporting the development of the Corridor, promoting prosperity for both the Angolan government and its people. “U.S.… Read More Here
Mining in Zambia Copper 

ZCCM-IH Faces Arbitration Proceedings Over Trafigura Payment Dispute

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LUSAKA – ZCCM Investments Holdings Plc (LUSE: ZCCM-IH) has informed its shareholders and the investing public of ongoing confidential arbitration proceedings initiated by Trafigura Pte Limited. The arbitration, filed under the London Court of International Arbitration (LCIA) Rules 2020 on February 24, 2024, follows Trafigura’s demand for payment made on November 21, 2023. The dispute relates to a guarantee signed on July 28, 2021, by ZCCM-IH’s then-CEO. The guarantee was provided as security for a ZMW 1.663 billion (approximately US$100 million) prepayment agreement between Trafigura and Konkola Copper Mines Plc… Read More Here
Mining in DRC 

U.S. and DRC Officials to Discuss Strategic Minerals and Countering Chinese Influence

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Aaron Poynton, President of the Africa-US Business Council (A-USA Business Council), has announced an upcoming visit by Congolese officials to Washington, D.C., for discussions on U.S.-DRC collaboration in strategic minerals. In a letter to Chris Smith, Chairman of the House Foreign Affairs Subcommittee on Africa, Poynton emphasized that the visit presents a unique opportunity to advance commitments that could redefine U.S. engagement in the region. Smith recently chaired a conference on “Metals, Minerals, and Mining: How the CCP Fuels Conflict and Exploitation in Africa.” Poynton is advocating for a meeting… Read More Here

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