Copper - Copperbelt Katanga Mining

Vedanta Considers Listing Zambian Copper Unit to Fund $1 Billion Investment

May 3, 2025May 3, 2025 Constance

Vedanta Resources, the mining and energy conglomerate led by Indian billionaire Anil Agarwal, is exploring a possible stock market listing of its Zambian copper division to raise capital for major investment in the asset. “Listing is an option,” said Ajay Goel, Chief Financial Officer of Vedanta Ltd., adding that while no specific timeline has been set, the idea is actively being considered. He did not disclose the potential size or location of the listing. The move follows Vedanta’s reinstatement as the operator of Konkola Copper Mines (KCM) in Zambia last… Read More Here

Copper Economy Mining in Zambia

Zambia’s Copper Sector Gains Momentum with 30% Output Increase in Q1 2025

May 2, 2025May 2, 2025 Constance

Zambia’s copper production surged by approximately 30% in the first quarter of 2025, reaching around 224,000 metric tonnes compared to 173,000 metric tonnes during the same period in 2024, according to Mines Minister Paul Kabuswe. In a statement issued on Wednesday, Kabuswe attributed the increase to improved production at two major operations—Konkola Copper Mines (KCM) and Mopani Copper Mines—both of which have seen renewed investment and operational recovery. This follows Zambia’s announcement earlier in January that total copper output for 2024 rose by 12%, hitting roughly 820,670 metric tonnes, up… Read More Here

Mining in DRC Cobalt Copper

Gates- & Bezos-Backed KoBold Expands in DRC to Challenge China’s Grip on Critical Minerals

April 28, 2025April 28, 2025 Constance

A U.S. mining company backed by billionaires Bill Gates and Jeff Bezos is expanding its operations in the Democratic Republic of Congo (DRC), aiming to secure rare minerals essential for the global energy transition and counter China’s dominance in the sector. KoBold Metals, the Berkeley-based company supported by Gates’s Breakthrough Energy Ventures—whose investors also include Jeff Bezos and former New York Mayor Michael Bloomberg—plans to leverage artificial intelligence to discover new mineral deposits in the DRC’s resource-rich basins. Newly appointed Director-General Benjamin Katabuka announced the company’s ambitions as it deepens… Read More Here

Mining in DRC Cobalt Copper Tin

Gold and Copper Prices Rose as Cobalt and Tin Weakened in DRC Export Market

April 27, 2025April 27, 2025 Constance

The Democratic Republic of Congo’s Ministry of Foreign Trade released updated export price lists for the week of April 21, 2025, showing a mixed performance across key mining commodities. Gold and copper recorded gains after a previous week of overall declines. Gold was priced at $103.32 per gram, up from $99.34, while copper increased to $9,108.55 per tonne from $8,869.35. The previous week, both commodities had fallen, with gold slipping from $99.84 to $99.34 per gram and copper declining from $9,710.30 to $8,869.35 per tonne—a decrease of around 1%. Meanwhile,… Read More Here

Mining in Zambia Copper Corporate News Economy

Vedanta Explores U.S. Listing for KCM to Raise $1 Billion

April 25, 2025April 25, 2025 Constance

Vedanta Resources is exploring a potential U.S. public listing for its Zambian subsidiary, Konkola Copper Mines (KCM), as part of efforts to raise approximately $1 billion to fund mine development. The company has appointed Barclays and Citigroup to advise on a potential initial public offering (IPO), which is still in the early stages. New York is being considered as one of the possible listing locations. While no timeline has been confirmed, the listing is seen as one of the most viable options after previous attempts to secure private investment did… Read More Here

International Copper

Panama’s President Asserts Control Over Copper Mine Ahead of Restart Talks

April 25, 2025April 25, 2025 Constance

PANAMA CITY – President Jose Raul Mulino has taken a firm nationalist stance on the future of Panama’s shuttered copper mine, declaring that the asset belongs to the country and any potential reopening will occur under Panamanian terms. Speaking at a weekly press briefing on Thursday, Mulino confirmed that his administration and First Quantum Minerals — the mine’s operator — have begun initial contact to lay the groundwork for formal negotiations. “That mine belongs to Panama, no one else,” Mulino stated. “If the decision is to restart operations, Panama will… Read More Here

International Copper Corporate News

FQM Reports Q1 Loss Amid Cobre Panamá Shutdown and Weaker Copper Sales

April 25, 2025April 25, 2025 Constance

TSX-listed First Quantum Minerals has posted a net loss of $23 million, or $0.03 per share, for the quarter ending March 31, despite achieving an adjusted profit of $2 million. The results reflect ongoing challenges from lower sales volumes, continued costs at the idled Cobre Panamá mine, increased financing and tax expenses, and foreign exchange impacts. The company recorded a gross profit of $331 million and EBITDA of $377 million in Q1. However, the monthly expenditure of approximately $13 million at the suspended Cobre Panamá mine continues to weigh on… Read More Here

International Copper Corporate News Gold

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

April 25, 2025April 25, 2025 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

Copper Angola Mining in DRC Transport and Logistics

Angola to Anchor New Africa-Latin America Copper Route

April 23, 2025April 23, 2025 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

Mining in Zambia Copper Diamond Drilling New Mining Projects

Tertiary Minerals Completes Initial Drilling at Mukai Copper Project in Zambia

April 20, 2025April 20, 2025 Constance

AIM-listed Tertiary Minerals has completed an initial scout drilling program at its Mukai copper project in Zambia, marking a significant step forward in early-stage exploration efforts. The program included three diamond drill holes totaling approximately 554 metres. The company reported that drilling intersected near-surface anomalous copper mineralisation, as well as thick intervals of anomalous nickel mineralisation. Two of the drill holes targeted a broad copper-in-soil anomaly, while the third focused on understanding the geology of the Tirosa Basin. Large parts of the copper and nickel soil anomalies, as well as… Read More Here