Corporate News - Copperbelt Katanga Mining

Kansanshi Awards US$35.25 Million Transport Contracts to Zambian Firms, Boosting Local Content and Jobs

February 15, 2026February 15, 2026 Constance

Kansanshi Mining PLC has awarded employee transportation service contracts worth a combined US$35.25 million to four Zambian-owned companies, Quattro, Inzu, Temas, and Intertrek, in a move that underlines the mine’s commitment to strengthening local participation in Zambia’s mining value chain and creating sustainable economic opportunities in North-Western Province. The contracts, which will run for three years from 1 February 2026 to 31 January 2029, replace the previous one-year arrangements and provide contractors with greater operational certainty, long-term planning confidence, and improved access to investment opportunities. According to Kansanshi Mining PLC,… Read More Here

International Corporate News Mergers & Acquisitions

Sandvik to Acquire ThoroughTec Simulation to Expand Mining Training Solutions

February 15, 2026February 15, 2026 Constance

Sandvik Acquires South Africa’s ThoroughTec to Strengthen Digital Mining and Operator Training Capabilities Sandvik has announced the acquisition of South Africa-based ThoroughTec Simulation, a specialist in advanced mining equipment simulators and training management systems. The company will be integrated into Sandvik’s Parts and Services division within its Mining business area. The transaction, expected to close in the second quarter of 2026 subject to customary regulatory approvals, will enhance Sandvik’s digital mining ecosystem and aftermarket service offering. The purchase price was not disclosed. Strengthening Operator Training and Safety ThoroughTec develops OEM-agnostic… Read More Here

International Corporate News Mergers & Acquisitions

Rio Tinto and Glencore Abandon Plans for $232 Billion Mining Mega-Merger

February 15, 2026February 15, 2026 Constance

Rio Tinto and Glencore Call Off $232 Billion Merger Talks Amid Governance and Valuation Disputes Rio Tinto and Glencore have terminated discussions over a proposed mega-merger that would have created the world’s largest mining company, with a combined market value of approximately $232 billion. The collapse comes just ahead of a deadline for Rio Tinto to submit a firm offer. After nearly a year of intermittent negotiations, talks broke down within 24 hours, with Rio announcing it was no longer pursuing a merger or other business combination with Glencore, citing… Read More Here

Mining in DRC Corporate News Events & Expos

Gécamines Overhaul Positions the DRC at the Heart of Global Strategic Minerals

February 10, 2026February 10, 2026 Constance

DRC Unveils Gécamines Strategy to Strengthen Governance and Capture More Value from Strategic Minerals The Democratic Republic of Congo (DRC) is seeking to establish exemplary governance of its strategic minerals, ensuring their exploitation aligns with sustainable development goals and national economic sovereignty. Central to this ambition is the transformation of Gécamines, the state-owned mining company, from a passive asset holder into an active and influential market player. Speaking at the Investing in African Mining Indaba in South Africa, Gécamines Director General Placide Nkala outlined six strategic pillars guiding the company’s… Read More Here

Mining in DRC Corporate News Exploration New Mining Projects

Kobold Exploration Files New Permit Applications as DRC Mining Cadastre Reopens

February 8, 2026February 8, 2026 Constance

Kobold Exploration Submits New Mining Permit Requests Following CAMI Reopening in DRC One day after the reopening of its application counter on February 3, 2026, the Mining Cadastre (CAMI) received five new applications for exploration permits from Kobold Exploration DRC SA. The filings mark a new step in the implementation of the agreement signed on July 18, 2025, between the company and the government of the Democratic Republic of Congo (DRC). CAMI confirmed that the applications are part of the ongoing partnership framework. On this occasion, Kobold Exploration DRC SA’s… Read More Here

International Corporate News Diamond

Letšeng Diamond Mine Reports 36% Revenue Drop in 2025

February 8, 2026February 8, 2026 Constance

Letšeng Mine in Lesotho Sees Sharp Revenue Decline Amid Global Diamond Market Challenges The Letšeng diamond mine in Lesotho, known for producing some of the world’s highest-value diamonds per carat, experienced a significant revenue decline in 2025. Gem Diamonds, the mine’s owner, reported on February 4, 2026, that Letšeng generated $97.7 million, down 36% from $152.8 million in 2024. The drop is attributed to a 14% fall in production and a 20% decrease in the average price per carat, which fell from $1,390 in 2024 to $1,105 in 2025. Exceptional… Read More Here

International Corporate News

Glencore Suspends Major Horne Smelter Investments Amid Regulatory Uncertainty

February 8, 2026February 8, 2026 Constance

Glencore Halts $1-Billion Horne Smelter Upgrade Over Quebec Regulatory Dispute Glencore Canada has suspended major investments at its Horne smelter in Rouyn-Noranda after failing to reach an agreement with the Quebec government by its self-imposed January 31 deadline regarding long-term operating conditions. The company announced it is “forced to immediately suspend all investments related to emissions reduction and facility upgrades” and to implement a demobilisation plan at the smelter. Investments at its CCR refinery in Montréal Est will also be scaled back over the medium term. Negotiations with provincial authorities,… Read More Here

Mining in DRC Cobalt Copper Corporate News Mergers & Acquisitions

U.S. Expands Strategic Footprint in Africa’s Critical Minerals Through Glencore Deal

February 4, 2026February 4, 2026 Constance

U.S.-Backed Orion Consortium Acquires 40% Stake in Glencore’s DRC Copper and Cobalt Assets The United States is strengthening its presence in Africa’s critical minerals sector after Glencore PLC agreed to sell a 40% stake in its Democratic Republic of Congo (DRC) copper and cobalt operations to the U.S.-backed Orion Critical Minerals Consortium (Orion CMC). The transaction, announced on Tuesday, values the assets at approximately $9 billion, including debt, and covers Glencore’s Mutanda Mining (MUMI) and Kamoto Copper Company (KCC) operations. These projects rank among the largest Western-owned producers of cobalt… Read More Here

Corporate News Battery Metals

Ivanhoe Mines Joins White House Launch of $12 Billion U.S. Critical Minerals Stockpile

February 4, 2026February 4, 2026 Constance

Ivanhoe Mines Participates in White House Launch of Project Vault and Advances U.S. Critical Minerals Supply Discussions Ivanhoe Mines Ltd. (TSX: IVN) (OTCQX: IVPAF) announced that its Founder and Executive Co-Chairman, Robert Friedland, joined President of the United States Donald J. Trump at the White House for the official launch of Project Vault, a $12 billion domestic critical minerals stockpile initiative aimed at strengthening U.S. supply chain security. Ivanhoe Mines is currently in advanced discussions with Gécamines, the Democratic Republic of the Congo’s (DRC) state-owned mining company, and global metals… Read More Here

Corporate News International Mining Personality

Ivanhoe Atlantic CEO Bronwyn Barnes Resigns Amid Rail, Regulatory, and Geopolitical Pressures

February 4, 2026February 4, 2026 Constance

Ivanhoe Atlantic CEO Steps Down as Iron Ore Projects Face Rail Access and Guinea Regulatory Challenges Bronwyn Barnes, President and Chief Executive Officer of Ivanhoe Atlantic, has resigned after four years leading the Liberian- and Guinean-focused iron ore developer. The company is majority-owned by U.S.-Canadian billionaire Robert Friedland. Her departure comes at a time when Ivanhoe Atlantic is navigating a complex mix of infrastructure constraints, regulatory hurdles, and heightened geopolitical scrutiny. Ivanhoe Atlantic’s export strategy is heavily dependent on access to Liberia’s Yekepa–Buchanan rail corridor, which connects the Mount Nimba… Read More Here