Corporate News - Copperbelt Katanga Mining

Godard Motemona Appointed Director General of Congo’s Mining Fund for Future Generations (FOMIN) 1

DRC Appoints Godard Motemona as New Director General of FOMIN to Oversee Mining Wealth for Future Generations Godard Motemona has been appointed Director General of the Mining Fund for Future Generations (FOMIN), replacing Faustin Biringanine, according to a presidential order read on national television on Wednesday, June 3, 2026. He assumes leadership of the strategic public institution responsible for safeguarding a portion of mining revenues to ensure long-term benefits for future generations in the Democratic Republic of Congo. Prior to this appointment, Motemona served as Vice Minister of Mines in… Read More Here

International Corporate News Mining Personality

Codelco Appoints Jorge Gómez as New CEO Amid Production Scandal and Leadership Shake-Up in Chile

June 5, 2026June 6, 2026 Constance0 comment

Chile’s Codelco Names Jorge Gómez CEO as State Copper Giant Seeks Stability After Production Reporting Scandal Chile’s state-owned copper producer Codelco has appointed Jorge Gómez as its new chief executive officer as the company continues to navigate the fallout from a scandal involving inflated production figures. In an official statement, Codelco confirmed that Gómez will assume the role on July 13, succeeding current CEO Rubén Alvarado. The appointment follows earlier reporting by Reuters, which cited sources familiar with the decision. Gómez joins Codelco after serving since 2012 as head of… Read More Here

Mining in Zambia Copper Corporate News

Jubilee Metals Resumes Roan Operations, Advances Copper Recovery and Processing Upgrades in Zambia

June 5, 2026June 5, 2026 Constance0 comment

Jubilee Metals Restarts Roan Operations After Maintenance Shutdown as Zambia Copper Output Targets 30,000t Monthly Throughput Jubilee Metals has successfully completed the annual maintenance shutdown at its Roan concentrator operations in Ndola, Zambia, with the plant now restarted at full capacity and targeting a run-of-mine throughput of 30,000 tonnes per month. According to Jubilee CEO Leon Coetzer, June performance will provide a clearer indication of sustainable operating capacity and recovery efficiencies, particularly with the integration of fine copper concentrate now being processed at the company’s Sable refinery in Kabwe. He… Read More Here

Mining in DRC Copper Corporate News

Tenke Fungurume Mine Moves to Restore Operations After Brief Strike Disruption in DRC

June 5, 2026June 5, 2026 Constance0 comment

DRC’s Tenke Fungurume Mine Ends Strike, CMOC Warns of Dismissals and Offers Bonuses to Non-Striking Workers The Democratic Republic of Congo’s largest copper mine, Tenke Fungurume Mining (TFM), has warned it will dismiss employees who refuse to end strike action that briefly disrupted production this week, while offering financial incentives to workers who did not participate. The strike began on June 1 at the vast operation, which is operated by China’s CMOC Group Ltd. TFM is one of the world’s largest copper-producing sites, with output reaching approximately 519,000 tons in… Read More Here

Mining in Zambia Copper Corporate News

Mopani Copper Mines Reaffirms Domestic Processing Strategy as Zambia Grants Copper Export Quotas

June 5, 2026June 5, 2026 Constance0 comment

Zambia Waives Copper Export Duty as Mopani and Miners Retain Concentrate for Domestic Processing The Zambian subsidiary of Abu Dhabi–based International Resources Holding (IRH) does not intend to export copper concentrate despite receiving one of the largest allocations under a government export waiver. Mopani Copper Mines stated that its position remains unchanged since July, when the first exemptions were introduced. At that time, the company confirmed it had “no plan to export any part” of its allocated quota, instead prioritizing its own processing operations in line with a long-term strategy… Read More Here

Gold Corporate News International

Zijin Mining’s Delayed Allied Gold Acquisition Signals a New Era in China’s Mining Strategy

June 5, 2026June 5, 2026 Constance0 comment

Zijin Mining’s Allied Gold Deal Delay Highlights China’s Cautious Shift in Global Gold Strategy and Africa Investment Risks The postponement of Zijin Mining’s planned acquisition of Canadian-based Allied Gold is more than a routine procedural delay. The three-month extension reflects deeper strategic calculations linked to China’s evolving mining policy, intensifying global competition for gold assets, and rising regulatory and political considerations in Africa. Amid record-high global gold prices and increasing efforts by major economies to secure critical mineral supplies, Beijing’s cautious stance highlights a shift toward greater scrutiny of overseas… Read More Here

Mining in Zambia Copper Corporate News Economy

Vedanta Targets New York IPO to Fund Expansion of Zambia’s Konkola Copper Mines

June 4, 2026June 4, 2026 Constance0 comment

Vedanta Plans New York Listing to Finance Multi-Billion-Dollar Expansion of Zambia Copper Operations Vedanta Resources, led by billionaire Anil Agarwal, is seeking to raise fresh capital for its Zambian copper operations through a planned listing in New York, as the mining group accelerates efforts to expand production at one of Africa’s most strategically important copper assets. The proposed initial public offering comes less than two years after Vedanta regained control of Konkola Copper Mines (KCM) following a prolonged dispute with the Zambian government. The company has since committed to investing… Read More Here

Mining in DRC Corporate News Zinc

Ivanhoe Mines’ Kipushi Mine Achieves Record Monthly Zinc Production in May

June 4, 2026June 4, 2026 Constance0 comment

Ivanhoe Mines Reports Record Zinc Output at Kipushi Mine as Production Tracks Midpoint of 2026 Guidance TSX-listed Ivanhoe Mines has reported a record month of zinc production at its Kipushi Mine in the Democratic Republic of Congo, highlighting the operation’s strong performance as it ramps up production. The mine produced 25,677 tonnes of zinc in concentrate during May, surpassing the previous monthly record of 22,968 tonnes set in January by 12%. The achievement reflects continued operational improvements and strong plant performance at one of the world’s highest-grade zinc mines. During… Read More Here

Mining in Zambia Corporate News Infrastructural Development

KCM’s US$5 Million Road Upgrade Project Nears Completion in Chililabombwe and Chingola

June 4, 2026June 4, 2026 Constance0 comment

Konkola Copper Mines Nears Completion of US$5 Million Road Rehabilitation Project in Zambia’s Copperbelt Konkola Copper Mines (KCM) has made significant progress on its US$5 million road rehabilitation programme in Chililabombwe and Chingola, with construction works in Chililabombwe approaching completion and road upgrades gathering pace in Chingola. The infrastructure initiative involves the rehabilitation and construction of approximately eight kilometres of roads across the two Copperbelt towns, including 4.1 kilometres in Chililabombwe and 3.9 kilometres in Chingola. The project forms part of KCM’s broader commitment to community development and infrastructure improvement… Read More Here

Mining in DRC Corporate News

DRC Mines Minister Reviews Virtus Minerals’ Progress on Former Chemaf Assets

June 4, 2026June 4, 2026 Constance0 comment

DRC Mines Minister Calls for Monthly Reporting as Virtus Minerals Advances Étoile and Mutoshi Projects The Democratic Republic of Congo’s Minister of Mines, Louis Watum Kabamba has reaffirmed the government’s commitment to closely monitoring the development of strategic mining projects following a high-level meeting with Virtus Minerals to review progress on the former Chemaf mining assets. Speaking after a working session held on June 2, 2026, the minister said the meeting was convened to assess developments since Virtus Minerals received authorization to take over the mining assets of the Chemaf… Read More Here