Corporate News - Copperbelt Katanga Mining

Barrick Completes Sale of Tongon Gold Mine as Portfolio Optimization Accelerates 1

Barrick Mining Sells Tongon Gold Mine to Atlantic Group in Deal Worth Up to $305 Million Gold miner Barrick Mining has finalized the sale of its interests in the Tongon gold mine and associated exploration properties in Côte d’Ivoire to the Atlantic Group, in a transaction valued at up to $305 million. The company announced on Tuesday that the consideration includes $192 million in cash, which incorporates a $23 million shareholder loan repayment due within six months of closing. An additional $113 million in contingent payments may be made over… Read More Here

Mining in Zambia Copper Corporate News New Mining Projects News in Brief

Galileo Resources Launches Drilling Program at Molefe Copper Project in Zambia

December 4, 2025December 4, 2025 Constance

Galileo Resources Begins Drilling at Zambia’s Molefe Copper Project with Jubilee Metals IM-listed Galileo Resources has commenced drilling at its Molefe copper project in Zambia following the signing of a conditional cooperation and project development agreement with Jubilee Metals on November 27. The drilling program began with two holes completed out of an anticipated ten-hole campaign, initiated under the terms of the collaboration agreement. The program has multiple objectives: maintaining the current production profile over the next three months, replacing depleted resources over a six-month mid-term horizon, and executing a… Read More Here

International Copper Corporate News

Glencore Charts Bold Copper Expansion as It Cuts 2026 Output Forecast

December 3, 2025December 3, 2025 Constance

Glencore Unveils Major Copper Expansion Plan but Lowers 2026 Output Target Glencore Plc has announced an ambitious plan to nearly double its copper production over the next decade, even as it scales back expectations for 2026. The strategy, revealed during the company’s first capital markets day in three years, aims to restore investor confidence following a steep decline in output. Copper prices are currently at record highs, yet Glencore is on track to produce about 40% less copper this year compared with 2018, with volumes expected to fall further next… Read More Here

International Corporate News Diamond

Lucara Awards Key Lateral Development Contract for Botswana’s Karowe Underground Project

December 3, 2025December 3, 2025 Constance

Lucara Diamond Corp Selects Group R for Major Lateral Development Works at Karowe Underground Mine in Botswana Canada-headquartered Lucara Diamond Corporation has awarded the lateral development contract for its Karowe Underground Project (UGP) in Botswana to Group R Mining and Exploration Botswana. The contract covers all underground lateral development linking the production and ventilation shafts to the orebody. This includes construction of the extraction level, underground crushing chamber, fine ore bins, pump stations with vertical dams, drilling horizons, workshops, and all necessary connecting infrastructure to advance development toward the kimberlite.… Read More Here

Mining in Zambia Corporate News Mergers & Acquisitions Zinc

Shuka Minerals Moves Closer to Full Acquisition of Zambia’s Kabwe Zinc Mine

December 3, 2025December 3, 2025 Constance

Shuka Minerals to Receive Remaining Funds for Kabwe Zinc Mine and LEM Acquisition in December Aim- and AltX-listed Shuka Minerals has confirmed that it expects to receive the remaining funds needed to finalize its acquisition of Leopard Exploration and Mining (LEM) and the Kabwe zinc mine in central Zambia this month—slightly later than originally planned. In a December 1 update, the company said it had already completed the initial payment tranche, securing a 22.2% stake in LEM and the Kabwe project. However, subsequent payments from Gathoni Muchai Investments (GMI) are… Read More Here

International Corporate News Gold

Barrick Considers IPO of North American Gold Assets Amid Rising Costs and Investor Pressure

December 3, 2025December 3, 2025 Constance

Barrick Mining Weighs IPO of North American Gold Assets as Operational Challenges Mount Barrick Mining (TSX: ABX; NYSE: GOLD) is considering an initial public offering (IPO) of its North American gold assets as the company confronts rising costs and a series of operational setbacks. In a statement, the board said it has unanimously authorized management to explore the creation and listing of a new subsidiary that would house key North American operations. Barrick would retain control of the proposed company, while listing only a small minority interest. The unit would… Read More Here

International Corporate News Mining Personality

Zijin Mining Founder Chen Jinghe Steps Down After Decades of Transformative Growth

December 3, 2025December 3, 2025 Constance

After Reaching $100B Valuation, Zijin Mining Founder Chen Jinghe Hands Over Leadership Zijin Mining Group Co. founder Chen Jinghe will step down as chairman after guiding the company for decades and elevating it into one of the world’s leading metals producers. According to a Saturday exchange filing, the 68-year-old executive chose not to seek re-nomination to the board, citing age and family considerations. He will transition into the role of honorary chairman and senior consultant. The Fujian-based company has not yet named his successor. Under Chen’s leadership, Zijin grew from… Read More Here

Copper Corporate News

Kamoa-Kakula Sets Ambitious 2026–2027 Copper Production Targets as Dewatering Progress Accelerates

December 3, 2025December 3, 2025 Constance

Ivanhoe Mines Projects Up to 540,000 Tonnes of Copper Output by 2027 as Kamoa-Kakula Dewatering Advances Ivanhoe Mines (TSX: IVN; OTCQX: IVPAF) Executive Co-Chairman Robert Friedland and President and Chief Executive Officer Marna Cloete have announced copper production guidance for 2026 and 2027 at the Kamoa-Kakula Copper Complex, alongside an update on the Kakula Mine’s dewatering and rehabilitation progress. Dewatering at Kakula continues to advance steadily, now approximately 70% complete on the western side of the mine and 60% complete on the eastern side. To date, 13.4 kilometres of underground… Read More Here

Corporate News Diamond International Mining Personality

Petra Diamonds Confirms New Leadership Team and Board Restructuring After 2025 AGM

November 30, 2025December 1, 2025 Constance

Petra Diamonds Appoints Permanent Joint CEOs and Strengthens Board Following Annual Meeting London-listed Petra Diamonds has announced a refreshed leadership structure and several board changes following its Annual General Meeting held on November 27. The company confirmed the appointment of Vivek Gadodia and Juan Kemp as permanent joint CEOs, solidifying the roles they have held in an interim capacity since February. Under the new structure, Gadodia will continue to lead Petra’s corporate functions, while Kemp will oversee operational activities across the business. Shareholders also approved the appointment of Kushal Kumar… Read More Here

International Copper Corporate News

Panama Set to Release Early Audit Findings on Cobre Panama Mine as Govt Weighs Next Steps

November 30, 2025November 30, 2025 Constance

Cobre Panama Audit Nears First Report: Final Review Due February to Decide Fate of First Quantum’s Mine Panama may release the preliminary findings of its comprehensive audit of First Quantum Minerals’ Cobre Panama copper mine as early as next week, with the final report scheduled for completion by the end of February. The results are expected to guide the government’s decision on the future of the long-stalled operation. The independent assessment, conducted by SGS Panama Control Services, covers environmental compliance, legal and labour obligations, tax issues, operational procedures and potential… Read More Here