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Category: Corporate News

FQM Highlights $3.5 Billion Economic Loss From Cobre Panamá Suspension 1 International Copper Corporate News Economy 

FQM Highlights $3.5 Billion Economic Loss From Cobre Panamá Suspension

Constance
Cobre Panamá Mine Closure Costs Panama Billions, First Quantum Says First Quantum Minerals (TSX: FM) says the suspension of its Cobre Panamá copper mine has cost Panama an estimated $3.5 billion in lost economic contribution over the past two years, highlighting the growing financial impact of the prolonged shutdown. In its 2025 Tax Transparency and Economic Contributions Report, the Canadian mining company said it contributed $4.1 billion across its operating jurisdictions last year, bringing its total direct economic contribution to governments over the past eight years to $9.6 billion. Zambia… Read More Here
Ivanhoe Electric to Deploy Advanced Tunnel Boring Machine at Arizona Copper Project 2 International Copper Corporate News New Mining Projects 

Ivanhoe Electric to Deploy Advanced Tunnel Boring Machine at Arizona Copper Project

Constance
Ivanhoe Electric invests $64.7m in tunnel boring technology for Santa Cruz copper project development in Arizona US minerals exploration company Ivanhoe Electric plans to acquire a purpose-built Crossover XRE tunnel boring machine (TBM) and integrated materials handling system for development of the Santa Cruz copper project in Arizona, at a cost of approximately $64.7 million. The equipment will be supplied by US tunnelling technology company The Robbins Company, which recently repurchased the machine from Anglo American. The TBM was previously used at Anglo American’s Grosvenor coal mine in Queensland, Australia,… Read More Here
EGC, EVelution Energy and Trafigura Sign MoU to Secure Congolese Cobalt Supply Chain to the US 3 Mining in DRC Battery Metals Cobalt Corporate News 

EGC, EVelution Energy and Trafigura Sign MoU to Secure Congolese Cobalt Supply Chain to the US

Constance
Trafigura, EGC and EVelution Energy agree cobalt supply deal to boost US battery and defense material supply chain Entreprise Générale du Cobalt (EGC), EVelution Energy, and commodity trader Trafigura have signed a memorandum of understanding (MoU) to establish a long-term supply framework for Congolese cobalt hydroxide exports to the United States. Under the proposed arrangement, and subject to definitive agreements, the partnership is expected to support EVelution Energy in supplying up to around 40% of projected US cobalt demand, according to Trafigura. The cobalt hydroxide would be sourced by EGC… Read More Here
Rio Tinto Appoints BP Executive Trudi Charles as Chief Legal, Governance and Corporate Affairs Officer 4 International Corporate News Mining Personality 

Rio Tinto Appoints BP Executive Trudi Charles as Chief Legal, Governance and Corporate Affairs Officer

Constance
Rio Tinto names Trudi Charles from BP as new chief legal officer to strengthen governance and corporate affairs leadership Diversified mining group Rio Tinto has appointed Trudi Charles as its new Chief Legal, Governance and Corporate Affairs Officer, succeeding Isabelle Deschamps. The appointment will take effect on August 1. Charles joins Rio Tinto from energy major BP, where she currently serves as Deputy General Counsel and Senior Vice President for Legal, Supply, Trading and Shipping. She has spent more than two decades at BP, holding a range of senior legal… Read More Here
Chile Appoints New Codelco Chairman as Govt Orders Audit Into Production and Financial Irregularities 5 International Corporate News Mining Personality 

Chile Appoints New Codelco Chairman as Govt Orders Audit Into Production and Financial Irregularities

Constance
Chile replaces Codelco chairman and launches audit amid copper production and financial concerns at world’s largest copper producer Chile’s government has appointed Bernardo Fontaine to replace Máximo Pacheco as chairman of Codelco, the world’s largest copper producer, marking a significant leadership change as the administration of newly inaugurated President José Antonio Kast intensifies scrutiny of the company’s debt levels, cost overruns, and production performance. Fontaine, an economist and corporate executive, will assume the role on May 26, coinciding with the end of Pacheco’s four-year term. The government also appointed Luz… Read More Here
Shuka Minerals Launches Phase 1 Drilling at Kabwe No.2 Orebody to Assess Zinc and Critical Mineral Potential 6 Mining in Zambia Corporate News Drilling New Mining Projects 

Shuka Minerals Launches Phase 1 Drilling at Kabwe No.2 Orebody to Assess Zinc and Critical Mineral Potential

Constance
Shuka Minerals Begins Drilling at Kabwe Zinc Mine in Zambia to Test Depth Extension and Critical Minerals Shuka Minerals has commenced its Phase 1 diamond drilling programme at the No. 2 orebody of its Kabwe zinc mine in Zambia, marking a key step in assessing the deposit’s depth potential and additional mineral value. The No. 2 orebody is currently open at depth, indicating that mineralisation continues beyond previously mined levels. The initial diamond drill hole will be inclined at 65 degrees and is designed to intersect the orebody beneath existing… Read More Here
Kagem Mining Boosts Zambia’s Gemstone Skills with Lapidary Equipment Donation in Ndola 7 Mining in Zambia Corporate News Corporate social responsibility Gemstones 

Kagem Mining Boosts Zambia’s Gemstone Skills with Lapidary Equipment Donation in Ndola

Constance
Kagem Mining Donates Cutting and Polishing Equipment to GPLTC Ndola to Strengthen Zambia’s Gemstone Value Addition Skills Kagem Mining, a subsidiary of Johannesburg- and London-listed Gemfields, has donated gemstone cutting and polishing equipment to the Gemstone Processing and Lapidary Training Centre (GPLTC) in Ndola, Zambia. The initiative is aimed at strengthening skills development and supporting value addition within Zambia’s growing gemstone industry. The donation includes six cutting and polishing machines, one sawing machine, two calibrating machines, as well as a range of accessories and consumables used in lapidary operations. Skills… Read More Here
Rome Resources Launches Airborne Survey to Expand Tin Exploration at Bisie North 8 Mining in DRC Corporate News Exploration New Mining Projects Tin 

Rome Resources Launches Airborne Survey to Expand Tin Exploration at Bisie North

Constance
Rome Resources Begins Airborne Geophysical Survey at High-Grade Bisie North Tin Project in DRC Rome Resources has commenced an extensive airborne geophysical survey across the greater Bisie tin district in the Democratic Republic of Congo, where its high-grade Bisie North tin project is located. The survey is part of a wider regional geophysical data acquisition programme being carried out across neighbouring exploration areas within the district, which hosts some of the world’s most significant tin mineralisation. More than 600 kilometres of helicopter-borne geophysical data will be collected for Rome Resources… Read More Here
WearCheck strengthens onsite sampling capabilities 9 Sponsored Content Corporate News International 

WearCheck strengthens onsite sampling capabilities

Constance
The precise accuracy of taking an oil sample from a machine component is one of the most critically important steps in the scientific analysis of oil as part of a condition monitoring programme. According to condition monitoring specialist company, WearCheck, taking samples is often a very specialised task, and not all maintenance teams have the correct training. Samples that are not taken correctly potentially contain external contamination and other material – even in miniscule amounts – that could compromise the accuracy of the test results. ‘It is for this reason… Read More Here
Contractor Exit and Layoffs Deepen Uncertainty at Mali’s Loulo-Gounkoto Gold Complex 10 International Corporate News Gold 

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

Constance
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

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