Copper - Copperbelt Katanga Mining

Barrick Advances Lumwana Super Pit Expansion as Copper Output Rises

May 12, 2026May 12, 2026 Constance0 comment

Barrick’s Lumwana Copper Expansion in Zambia Remains on Track for 2028 Production Target Construction of the Lumwana Super Pit copper expansion project in Zambia remained on schedule and within budget during the first quarter of 2026, mining giant Barrick Gold announced on Monday, 11 May. The company confirmed that the first lift of the mill building wall was successfully completed during the quarter. Mill shells have already been delivered to the site, while the first shipments of structural steel are expected before the end of June. Barrick expects 2026 capital… Read More Here

Copper Economy Mining in DRC

DRC Eyes One of World’s Largest Copper Mines Under Chinese-Backed Proposal

May 10, 2026May 10, 2026 Constance0 comment

DR Congo Could Host One of the World’s Biggest Copper Mines as China Expands Critical Minerals Footprint The Democratic Republic of the Congo could soon host one of the world’s largest copper mines under a proposal by a subsidiary of China Railway Group, as global competition for critical minerals intensifies between China and the United States. A unit of the Chinese state-owned company, known as CREC, met with Congolese Mines Minister Louis Watum on Thursday to discuss a major mining project expected to produce between 200,000 and 500,000 metric tonnes… Read More Here

Mining in DRC Cobalt Copper Corporate News Taxes

Ivanhoe Mines Posts Q1 Loss After Kamoa-Kakula Tax Hit Despite Strong Copper Expansion Push

May 8, 2026May 8, 2026 Constance0 comment

Ivanhoe Mines Reports Q1 2026 Loss Amid Kamoa-Kakula Tax Settlement and Expands Copper Growth Strategy Ivanhoe Mines, a Canadian mining company, reported a net loss of $2-million and a total comprehensive loss of $35 million for the quarter ended March 31, 2026. This marks a sharp reversal from the same period in 2025, when the company recorded a profit of $122-million and total comprehensive income of $128 million. The company attributed the decline mainly to its share of losses from the Kamoa Holding joint venture in the Democratic Republic of… Read More Here

Mining in Zambia Copper Corporate News

Jubilee Metals Reports Strong Copper Output Growth as Zambia Expansion Gains Momentum

May 6, 2026May 6, 2026 Constance0 comment

Jubilee Metals Boosts Copper Production by 29% Amid Roan Ramp-Up and Molefe Mine Expansion Zambia-focused copper producer and resource developer Jubilee Metals has reported a 28.7% year-on-year increase in total saleable copper production, reaching 2,177 tonnes for the nine months ended March 31. Output from the Roan concentrator surged to 1,999 tonnes of copper units, marking a 112.7% increase compared with the same period last year. At the Sable refinery, copper cathode production rose to 957 tonnes, up from 751 tonnes recorded in the corresponding period of 2025. Commissioning of… Read More Here

Mining in DRC Copper Corporate News Mergers & Acquisitions

Virtus Minerals Advances Chemaf Takeover in DRC with Key Regulatory Review

May 5, 2026May 5, 2026 Constance0 comment

Virtus Minerals Moves Forward with Chemaf Acquisition in DR Congo, Strengthening Oversight of Copper and Cobalt Assets The acquisition of Chemaf’s mining assets has entered a critical administrative phase in the Democratic Republic of Congo (DRC). On April 29, 2026, the Director General of the Mining Registry, Popol Mabolia Yenga, met with the Chairman of the Board of Virtus Minerals, the new owner of Chemaf. Chemaf (Congo Eastern Mining Frontier) primarily operates mining sites in the southern provinces of Lualaba and Haut-Katanga, at the heart of the country’s copper belt… Read More Here

International Coal Copper Corporate News

Glencore Reports Mixed Q1 Output as Copper Rises and Coal Production Declines

May 4, 2026May 4, 2026 Constance0 comment

Glencore Q1 Results: Copper Output Up 19% While Coal Production Falls 22% Amid Weather and Operational Disruptions Diversified mining and commodities group Glencore reported mixed production results for the first quarter, with strong growth in copper output offset by declines in steelmaking coal and cobalt production, alongside stable performance in other segments. Steelmaking coal output falls sharply Glencore’s steelmaking coal production fell 22% year-on-year to 6.5 million tonnes. The decline was driven by pit sequencing changes at Elk Valley Resources in Canada, adverse weather conditions in Queensland, Australia, and a… Read More Here

Mining in DRC Copper

DRC Mining Boom Masks Heavy Reliance on China and Copper

May 3, 2026May 3, 2026 Constance0 comment

DRC Mining Exports: Heavy Reliance on China and Copper Raises Economic Risk The structure of the Democratic Republic of Congo’s (DRC) mineral exports reveals a dual dependency on a dominant trading partner, China, and a single primary commodity, copper. This is the main finding of a report by consulting firm Target Sarl. China accounts for approximately 62% of the DRC’s mineral export volumes, confirming its position as the country’s leading export destination. This dominance is reinforced by significant Chinese investment in the mining sector, which supports production and infrastructure. However,… Read More Here

Corporate News Copper

Glencore Reports Strong Copper Output Growth as Marketing Division Eyes Top-End Earnings

April 30, 2026April 30, 2026 Constance0 comment

Glencore Q1 Copper Production Jumps 19% on African Output Gains, Marketing Unit Set to Beat Earnings Guidance Glencore reported a 19% increase in copper production for the first quarter, supported by improved ore grades at its African operations and higher output from its Antamina mine in Peru. The Swiss-based commodities trader and mining group produced 199,600 tonnes of copper during the quarter, up from 167,900 tonnes in the same period last year. While copper production strengthened, cobalt output declined sharply by 39%. The company attributed this drop to a strategic… Read More Here

Mining in DRC Cobalt Copper Economy Gold Tin

DRC Mineral Export Prices Rise Sharply as Key Metals Gain on Global Markets

April 30, 2026April 30, 2026 Constance0 comment

DRC Mineral Prices Show Upward Trend: Gold, Copper, Tin and Germanium Rise While Cobalt Holds Steady Market data for mineral products exported from the Democratic Republic of Congo (DRC) for the period April 27 to May 2, 2026 shows an overall upward trend on international markets, driven by gains in several strategic metals. Precious and industrial metals recorded notable increases. Gold rose from $153.87 to $155.28 per gram, while copper increased from $12,836.10 to $13,177.50 per ton. Aluminum ingots also posted gains, climbing from $1,690.63 to $1,718.98 per ton. Other… Read More Here

Mining in Zambia Copper Investment News New Mining Projects

KoBold Metals Launches Construction of Zambia’s Largest Copper Mine

April 30, 2026May 5, 2026 Constance0 comment

KoBold Metals Breaks Ground on $2.3 Billion Mingomba Copper Mine in Zambia, Boosting Output Ambitions KoBold Metals, a U.S.-based exploration company backed by investors including Bill Gates and Sam Altman, has officially begun construction of the Mingomba copper mine in Zambia, marking one of the largest mining investments in the country’s history. The project, valued at more than $2.3 billion, is expected to become Zambia’s largest copper mine. Once fully operational, Mingomba is projected to produce over 300,000 tonnes of copper per year, placing it among the top producers on… Read More Here