Corporate News - Copperbelt Katanga Mining

Jubilee Metals Reports Strong Copper Output Growth as Zambia Expansion Gains Momentum 1

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 Constance

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 Corporate News

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

May 4, 2026May 4, 2026 Constance

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

International Coal Copper Corporate News

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

May 4, 2026May 4, 2026 Constance

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

International Corporate News Equipment & Technology

Cat® Unveils Battery Electric Power Unit at IFAT 2026, Turning Electrification Into a Drop-In Solution

May 4, 2026May 5, 2026 Constance

Electrifying Industrial Equipment: Cat® BEPU Makes Its Debut at IFAT 2026 On May 1, 2026, Caterpillar announced the first public showcasing of its prototype Cat® Battery Electric Power Unit (BEPU), marking a significant step forward in the electrification of industrial machinery. The debut will take place at IFAT 2026 in Munich from May 4–7, where the BEPU will be integrated into a Doppstadt SWS 6 Spiral Shaft Separator. A Practical Approach to Electrification The Cat BEPU is engineered as a real-world solution to simplify and accelerate the transition from diesel… Read More Here

Mining in Zambia Corporate News Energy

CEC Commissions Itimpi II Solar Plant, Boosting Zambia’s Renewable Energy Capacity

May 3, 2026May 3, 2026 Constance

Zambia Expands Solar Power: CEC Launches 136MW Itimpi II Plant to Strengthen Energy Security The Copperbelt Energy Corporation (CEC) Group has commissioned the 136MW Itimpi II Solar Photovoltaic (PV) Power Plant in Kitwe, marking a major expansion of its renewable energy portfolio and reinforcing Zambia’s transition toward a more diversified energy mix. With the addition of Itimpi II, CEC’s total installed solar capacity rises from 94MW to 230MW. This makes it the largest operational solar facility in Zambia and among the top three in sub-Saharan Africa. The project was delivered… Read More Here

Corporate News Copper

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

April 30, 2026April 30, 2026 Constance

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 Corporate News Tin

Alphamin Resources Posts Record $158M EBITDA on Surging Tin Prices and Stable DRC Operations

April 30, 2026April 30, 2026 Constance

Alphamin Resources Reports Record Q1 2026 Earnings as Tin Prices Jump 30% and Production Holds Steady in DRC Tin producer Alphamin Resources, which operates assets in the Democratic Republic of Congo (DRC), has reported record earnings before interest, taxes, depreciation, and amortisation (EBITDA) of $158 million for the three months ended March 31, the first quarter of its 2026 financial year. This represents a 46% increase quarter-on-quarter, driven primarily by a sharp rise in tin prices. The average tin price climbed 30% over the period, increasing from $37,995 per tonne… Read More Here

Mining in Zambia Corporate News Drilling New Mining Projects Zinc

Shuka Minerals Begins First Kabwe Drilling in Decades to Boost Zinc Resource

April 30, 2026April 30, 2026 Constance

Shuka Minerals Begins Phase 1 Drilling at Kabwe Zinc Mine with Ox Drilling to Target 50% Resource Expansion Dual-listed Shuka Minerals (AIM and JSE) has appointed Ox Drilling as the contractor for its Phase 1 drilling programme at the Kabwe zinc mine in Zambia. The project is operated through Shuka’s local subsidiary, Leopard Exploration and Mining. The drilling campaign is scheduled to begin in mid-May and will be supported by geological consultancy GeoQuest. Phase 1 Drilling Programme The initial phase comprises a 2,000-metre diamond drilling programme using PQ and HQ… Read More Here

International Corporate News

Vedanta Profits Surge on Strong Metal Prices Ahead of Business Demerger

April 30, 2026April 30, 2026 Constance

Vedanta Q1 Profit Jumps 92% as Metal Prices Rally, Margins Expand Before Major Demerger Vedanta Limited reported a sharp 92.3% increase in quarterly profit, driven by stronger base metal prices that significantly boosted margins across its core businesses. The Mumbai-based conglomerate posted a consolidated net profit of 66.98 billion rupees (approximately $706.3 million) for the quarter ended March, up from 34.83 billion rupees in the same period last year. Operating profit margins also improved markedly, rising to 32% from 21% a year earlier. The performance was underpinned by a rally… Read More Here