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Codelco Shifts Copper Sales to U.S. Amid Trade Uncertainty

March 31, 2025March 31, 2025 Constance0 comment

Codelco, the world’s largest copper producer, is redirecting some of its spot sales to the United States, CEO Rubén Alvarado announced on Friday. This move follows U.S. President Donald Trump’s February directive to investigate potential tariffs on copper imports, an effort aimed at revitalizing domestic production. The announcement has fueled a surge in copper demand. Alvarado expressed confidence in copper’s long-term market fundamentals and dismissed concerns over potential sanctions or tariffs. “We are committed to meeting the needs of our U.S. clients and have adjusted part of our spot sales… Read More Here

Mining in Zambia

Zambia’s Chief Geologist Calls for Regulatory Reforms to Strengthen Mining Sector

March 30, 2025March 30, 2025 Constance0 comment

Desiderius Chapewa, Chief Geologist for Regional Mapping at the Geological Survey Department, has outlined critical challenges facing Zambia’s mining exploration sector, including the lack of regulation for geological professionals and the need for better data management. In an interview with Copperbelt Katanga Mining at the recent AZMEC Forum in Kitwe, Mr. Chapewa highlighted the need to pass the Geoscience Professionals Bill to formalize the profession and enhance the exploration process. He also pointed out the difficulty investors face due to the absence of a centralized mineral inventory, with many companies… Read More Here

Mining in DRC

Ivanhoe Mines Reports Strong Copper and Zinc Production in the First Two Months of 2025

March 30, 2025March 30, 2025 Constance0 comment

Kolwezi, Democratic Republic of Congo – Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Executive Co-Chairman Robert Friedland and President & Chief Executive Officer Marna Cloete announced today an update on year-to-date production at the Kamoa-Kakula Copper Complex in the Democratic Republic of the Congo (DRC) and the ultra-high-grade Kipushi zinc mine, also in the DRC. Kamoa-Kakula delivered near-record copper production in January of 45,477 tonnes and 40,849 tonnes during the shorter month of February. Daily copper production averaged over each month totaled 1,467 tonnes per day (tpd) in January and 1,459… Read More Here

Mining in DRC

Minister of Mines Inaugurates Modernized CAMI Building to Strengthen DRC’s Mining Sector

March 30, 2025March 30, 2025 Constance0 comment

The Minister of Mines, Kizito Pakabomba, led the inauguration of the newly built provincial directorate of the Haut-Katanga Cadastre Minier (CAMI RDC) on Saturday. This significant event highlights the government’s ongoing efforts to modernize the infrastructure of the mining sector in the Democratic Republic of Congo, reinforcing its commitment to transparent, accountable, and equitable management of the country’s mineral resources. The new building represents more than just a physical structure; it reflects the government’s determination to equip the mining sector with effective tools to combat speculation, fraud, and bureaucratic delays… Read More Here

Mining in Zambia Corporate News Press Release

KCM Reaffirms Commitment to Settling Debts Under Court-Approved Payment Plan

March 30, 2025March 30, 2025 Constance0 comment

Konkola Copper Mines (KCM) has assured that it is fully committed to meeting its obligations under the Scheme of Arrangement, a court-approved payment plan. The company confirms that it has not defaulted on any payments to creditors and is adhering to the terms established by the court. KCM has already made full payments to smaller creditors (Class I), those owed less than $1 million. For larger creditors (Class II), owed $1 million or more, KCM has paid 35% of the amounts due as a first tranche on a prorated basis,… Read More Here

Mining in DRC Events & Expos

DRC Positions Itself as Key Player in Global Energy Transition at Strategic Mining Summit

March 30, 2025March 30, 2025 Constance0 comment

Chaired by His Excellency Guylain Nyembo, Deputy Prime Minister, Minister of Planning, and Chairman of the Executive Board of the EITI-DRC, a strategic meeting convened the key stakeholders of the Congolese extractive sector. Among those in attendance were His Excellency Kizito Pakabomba, Minister of Mines and Vice-President of the Executive Committee of the EITI-DRC; Mrs. O’Neige N’Sele Mimpa, Deputy Minister of Finance; as well as Cabinet members of the Head of State, Secretaries General of Public Administration, representatives from the Court of Auditors, and technical and financial partners. In his… Read More Here

International

Mercuria Intensifies Copper Trading to Match Oil Division Success

March 30, 2025March 30, 2025 Constance0 comment

Mercuria, one of the world’s largest independent energy and commodity trading companies, is making a significant shift in its business strategy by expanding into copper trading. The Swiss commodities giant aims to elevate its metals division to the same scale and profitability as its well-established oil trading business, signaling a long-term strategic pivot. At the FT Commodities Global Summit, CEO Marco Dunand emphasized Mercuria’s “substantial investment in the metals sector,” focusing particularly on copper as a key growth driver. “There are significant opportunities to pre-finance, co-invest, and secure supply in… Read More Here

International Corporate News

Glencore Declares Force Majeure on Copper Shipments from Altonorte Smelter

March 30, 2025March 30, 2025 Constance0 comment

London-listed mining giant Glencore has declared force majeure on copper shipments from its Altonorte smelter in Chile, following a suspension of production at the facility, according to two industry sources. Force majeure is typically declared when unforeseen events prevent companies from meeting contractual obligations. The sources were unable to confirm how long operations at Altonorte, which has an annual capacity of 350,000 metric tons of copper in anode form, would remain halted. Glencore has yet to comment on the situation. Although Altonorte’s output represents only a small portion of global… Read More Here

Mining in DRC

DRC’s Mining Minister Condemns Fraudulent Exploitation of Natural Resources

March 30, 2025March 30, 2025 Constance0 comment

Democratic Republic of Congo (DRC) Minister of Mines Kizito Pakabomba has denounced illegal mining practices that undermine the national economy. Speaking in Kinshasa on Thursday, March 27, during a meeting with representatives of processing entities, he condemned the illicit exploitation of the country’s natural resources. “It is unacceptable that some entities continue to source from uncertified suppliers, promoting fraudulent exploitation that harms our economy and the environment,” Pakabomba stated. He also highlighted the challenges faced by artisanal miners, who are frequently exploited through unfair trade practices. Calling for stricter enforcement,… Read More Here

Mining in DRC Battery Metals Corporate News Lithium

Rio Tinto Eyes Roche Dure Lithium Mine Amid DRC Talks

March 30, 2025March 30, 2025 Constance0 comment

Rio Tinto has engaged in early discussions with the Democratic Republic of Congo (DRC) about developing the Roche Dure deposit into a lithium mine. Roche Dure is one of the world’s largest hard-rock lithium resources, making it a highly strategic asset in the global lithium market. Neither Rio Tinto nor the DRC’s Ministry of Mines has commented on the talks. Meanwhile, the DRC is also in discussions with the U.S. government over a potential minerals-for-security agreement aimed at countering a Rwanda-backed rebellion in its eastern provinces. California-based exploration company KoBold… Read More Here