Constance - Copperbelt Katanga Mining

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Allied Gold Sells 50% Stake to UAE’s Ambrosia in $500M Deal to Boost Operations

February 28, 2025February 28, 2025 Constance

Canadian mining company Allied Gold has sold a 50% stake to UAE-based investment fund Ambrosia Investment Holding in a $500 million deal. The transaction includes $250 million in upfront cash, providing Allied with the necessary capital to accelerate operations at the Sadiola Mine in Mali and the Kurmuk Mine in Ethiopia. The partnership will create a joint venture focused on expanding Sadiola’s operations, including the deployment of solar PV and battery energy storage systems in collaboration with UAE-based ATGC by July 2026. The first-phase expansion is set to increase gold… Read More Here

Mining in DRC Gold New Mining Projects

Loncor Confirms High-Grade Gold Deposits at Adumbi Gold Mine in DRC

February 28, 2025February 28, 2025 Constance

Canadian exploration company Loncor has revealed the results of its deep drilling program at the Adumbi Gold Mine in the Democratic Republic of Congo, confirming high-grade gold deposits at various depths. The company reported intersections of deposits with grades of 26.94 grams per ton (g/t) at 0.45 meters, 5.82 g/t at 16.07 meters, and 4.77 g/t at 22.64 meters. John Barker, CEO of Loncor, explained that hole LADD027, located in the northwest of the Adumbi deposit, intersected the mineralization at a vertical depth of 478 meters below the surface, which… Read More Here

International Corporate News Gold

B2Golds Otjikoto Mine Record Production and Strategic Growth Plans for 2025

February 28, 2025February 28, 2025 Constance

B2Gold’s Otjikoto Mine in Namibia, in which the company holds a 90% interest, had a strong performance in 2024, producing 198,142 ounces of gold, nearly at the midpoint of its guidance range of 185,000 to 205,000 ounces. For the year ending December 31, 2024, the mill feed grade was 1.87 g/t, with mill throughput at 3.34 million tonnes, and a gold recovery rate averaging 98.6%. In the fourth quarter of 2024, the Otjikoto Mine produced 52,452 ounces of gold. The mill feed grade for the fourth quarter was 2.10 g/t,… Read More Here

Mining in DRC Battery Metals Cobalt

DRC Suspends Cobalt Exports to Control Market Price: Risks and Opportunities

February 28, 2025February 28, 2025 Constance

On February 22, 2025, the Authority for the Regulation and Control of Strategic Mineral Substances Markets (ARECOMS) announced a four-month suspension of cobalt exports from the Democratic Republic of Congo (DRC). This decision aims to address the global oversupply of cobalt, a key metal used in electric vehicle batteries and other technologies, and to give the Congolese government and its mining partners the ability to regulate cobalt prices. However, while the measure could help stabilize prices, it also presents several risks and challenges, according to various experts. The Reason Behind… Read More Here

Mining in DRC Economy Governance

DRC Anti-Corruption Network Proposes Reductions in Govt Spending

February 28, 2025February 28, 2025 Constance

The Pan-African Anti-Corruption Network (Unis), a member of the Congo is not for Sale (CNPV) organization, has released a report proposing measures to reduce the cost of governmental institutions in the Democratic Republic of Congo (DRC). The report, published on Monday, February 24, focuses on cutting unnecessary expenses, particularly those associated with political institutions. Unis recommends the abolition of the Senate, a parliamentary institution comprising 109 senators, the honorary president, and staff, which incurs significant costs to the Congolese state despite its limited and often redundant role in the legislative… Read More Here

Mining in DRC Economy Governance

DRC Prime Minister Seeks WTO Support for Economic Transformation

February 28, 2025February 28, 2025 Constance

Prime Minister Judith Suminwa Tuluka is actively engaging in diplomatic efforts in Geneva, Switzerland, as part of her push to address the crisis in eastern DRC and advocate for stronger sanctions against Rwanda for ongoing atrocities. On the sidelines of the 58th session of the UN Human Rights Council, Prime Minister Suminwa met with World Trade Organization (WTO) Director-General Ngozi Okonjo-Iweala to discuss strategies for transforming the Congolese economy and accelerating the country’s development agenda. “The DRC is at a turning point for its development,” Suminwa stated. “We need greater… Read More Here

International Corporate News

Rio Tinto Workers Push for Collective Bargaining After 20-Year Gap

February 28, 2025February 28, 2025 Constance

Australia’s Mining and Energy Union (MEU) announced on Thursday that it will launch a petition at Rio Tinto’s Paraburdoo mine in the Pilbara region, seeking to initiate collective bargaining for the first time in over 20 years. The petition aims to allow workers to negotiate a collective agreement that would: The move is also a step toward leveraging Australia’s “same job, same pay” legislation, which requires a collective agreement to be in place for workers to benefit from its provisions. Australian unions have been testing the “same job, same pay”… Read More Here

Mining in Zambia Battery Metals Mining in DRC

India Expands Critical Minerals Hunt in Zambia, DRC, and Australia

February 28, 2025February 28, 2025 Constance

India is actively exploring critical mineral mining in Zambia, the Democratic Republic of Congo (DRC), and Australia to secure key raw materials like lithium, Mines Secretary VL Kantha Rao announced on Thursday. State-owned companies, including Coal India, NMDC, and ONGC Videsh, are involved in mineral exploration in Australia as part of India’s strategy to reduce dependence on imports, particularly for lithium—an essential component in energy transition technologies. India is still developing its lithium processing capabilities, a field currently dominated by China. Meanwhile, the Zambian government has allocated 9,000 km² for… Read More Here

Mining in Zambia Copper New Mining Projects

Ecora Seals $50M Copper Stream Deal for Zambia’s Mimbula Mine

February 28, 2025March 3, 2025 Constance

Critical minerals-focused royalty company Ecora has finalized a $50-million copper stream agreement with Moxico Resources for its Mimbula Mine in Zambia. The deal covers Mimbula’s existing reserve-based life-of-mine (LoM) of 11 years and will support its ongoing expansion. Mimbula’s Phase 1 began producing copper in late 2022 and achieved 14,000 tonnes in 2024. Production is expected to ramp up to a steady 56,000 tonnes per year of copper cathode by mid-2026, following the completion of a Phase 2 brownfield expansion. London-listed Ecora stated that proceeds from the transaction will strengthen… Read More Here

Mining in DRC

French Prosecutors Dismiss DRC’s Conflict Minerals Case Against Apple

February 28, 2025February 28, 2025 Constance

French prosecutors have closed a case filed by the Democratic Republic of Congo (DRC) against Apple subsidiaries, which accused the tech giant of using conflict minerals in its supply chain, according to a document seen by Reuters on Thursday. The DRC filed criminal complaints against Apple subsidiaries in France and Belgium in December, alleging that the company sourced tin, tantalum, and tungsten (3T minerals) from conflict zones in Congo and Rwanda. At the time, Apple strongly denied the accusations, stating that its suppliers were explicitly prohibited from using minerals sourced… Read More Here