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Category: Corporate News

Contractor Exit and Layoffs Deepen Uncertainty at Mali’s Loulo-Gounkoto Gold Complex 1 International Corporate News Gold 

Contractor Exit and Layoffs Deepen Uncertainty at Mali’s Loulo-Gounkoto Gold Complex

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Over 600 Jobs Cut as Contractor Exits Barrick’s Loulo-Gounkoto Gold Mine in Mali Amid Ongoing Disruptions A key contractor at Mali’s Loulo-Gounkoto gold complex, the country’s largest gold mining operation, is winding down its activities and laying off more than 600 workers. The move adds to ongoing instability surrounding one of Africa’s most significant gold assets. Gounkoto Mining Services (GMS), a contractor linked to France-based Bouygues Construction through DTP Mining, is ending operations after its agreement is not expected to be renewed by Barrick Mining in 2026. The decision follows… Read More Here
B2Gold Reports $200M Profit Surge on Strong African Output as Gold Production Reaches 237,763 Ounces 2 Gold Corporate News International 

B2Gold Reports $200M Profit Surge on Strong African Output as Gold Production Reaches 237,763 Ounces

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B2Gold Posts $200M Profit as Mali and Namibia Drive Gold Production Growth Across Africa, Canada, and the Philippines Canadian gold producer B2Gold Corp. has reported a significant financial uplift, driven by strong production from its operations in Mali and Namibia, alongside contributions from Canada and the Philippines. The company posted a $200 million increase in net income, supported by solid operational performance and robust cash flow generation. During the period, B2Gold produced a total of 237,763 ounces of gold, reinforcing its position as a leading intermediate gold producer with a… Read More Here
Barrick Launches $3 Billion Share Buyback Ahead of North American Spinout 3 Corporate News Gold International 

Barrick Launches $3 Billion Share Buyback Ahead of North American Spinout

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Barrick Mining Announces $3 Billion Share Buyback as Gold Prices Drive Strong Earnings Growth Barrick Mining has announced a $3 billion share buyback program as the company moves to strengthen shareholder returns ahead of the planned spinout and public listing of its North American assets. The Toronto-based gold producer unveiled the repurchase plan after reporting strong first-quarter financial results, supported by record gold prices and solid free cash flow generation. The move expands the company’s shareholder return strategy following a $500 million buyback completed late last year. Barrick is preparing… Read More Here
Kamoa Copper Expands Green Energy with New 30 MW Solar Deal 4 Mining in DRC Corporate News Green Energy 

Kamoa Copper Expands Green Energy with New 30 MW Solar Deal

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Kamoa Copper Expands Renewable Energy Strategy with 30 MW Solar PPA and 581 MWh Battery Storage in DRC Kamoa Copper and Green World Energie have signed a second Power Purchase Agreement (PPA) for an additional 30 MW of renewable energy capacity, marking a major milestone in Phase II of their solar energy development project. The initiative is designed to strengthen the energy supply for the Kamoa-Kakula mining complex while accelerating the site’s decarbonization efforts. The new phase of the project will deploy an advanced hybrid energy solution that combines solar… Read More Here
Trafigura Partners Egyptalum on Major Aluminium Smelter Expansion in Egypt 5 Corporate News Aluminium International 

Trafigura Partners Egyptalum on Major Aluminium Smelter Expansion in Egypt

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Trafigura and Egyptalum Plan Up to US$900 Million Aluminium Smelter Project in Egypt Global commodities trader Trafigura has entered into exclusive negotiations with Egyptian Aluminium Company (Egyptalum) and Metallurgical Industries Holding Company (MIH) to develop a major new primary aluminium smelter in Egypt at an estimated cost of between US$750 million and US$900 million. Under the proposed agreement, the parties plan to establish a new company that will build, own, and operate a 300,000-tonne-per-year primary aluminium smelter and a 150,000-tonne-per-year anode plant at Egyptalum’s Nag Hammadi industrial complex. Once operational,… Read More Here
Ivanhoe Mines Posts Q1 Loss After Kamoa-Kakula Tax Hit Despite Strong Copper Expansion Push 6 Mining in DRC Cobalt Copper Corporate News Taxes 

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

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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
Jubilee Metals Reports Strong Copper Output Growth as Zambia Expansion Gains Momentum 7 Mining in Zambia Copper Corporate News 

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

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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
Virtus Minerals Advances Chemaf Takeover in DRC with Key Regulatory Review 8 Mining in DRC Copper Corporate News Mergers & Acquisitions 

Virtus Minerals Advances Chemaf Takeover in DRC with Key Regulatory Review

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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
Andrada Mining Defers £7.7m Loan Repayment to Fund Expansion at Namibia’s Uis Mine 9 International Corporate News 

Andrada Mining Defers £7.7m Loan Repayment to Fund Expansion at Namibia’s Uis Mine

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Andrada Mining Delays £7.7m Convertible Loan Repayment to 2027 to Accelerate Uis Mine Expansion in Namibia Andrada Mining Limited has postponed the repayment of £7.7 million in convertible loan notes by one year, extending the maturity date to July 2027 as it prioritises expansion at its Uis Mine in Namibia and aims to scale production across its critical minerals portfolio. Loan restructuring terms revised The company confirmed it has amended loan notes originally issued in July 2023. Key changes include: The £7.7 million facility was raised through the issuance of… Read More Here
Glencore Reports Mixed Q1 Output as Copper Rises and Coal Production Declines 10 International Coal Copper Corporate News 

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

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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

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