Corporate News - Copperbelt Katanga Mining

Virtus Minerals to Restart Chemaf’s Cobalt and Copper Mines in the DRC After Regulatory Approval 1

US Firm Virtus Minerals Secures Regulatory Approval to Restart Chemaf Mines, Boosting DRC’s Cobalt and Copper Production US-based Virtus Minerals announced it is moving to restart the Chemaf cobalt and copper mines in the Democratic Republic of Congo (DRC) after securing full regulatory approval. This marks the first acquisition of operating mines under the US–Congo minerals partnership, following a series of offtake agreements. Virtus stated that its immediate focus will be on inventory verification, technical and operational assessments, and restart planning across Chemaf’s asset portfolio, with timelines dependent on the… Read More Here

Corporate News Copper Mining in DRC

Ivanhoe Mines Updates Kamoa-Kakula Copper Production Guidance Amid Technical Optimisation

April 5, 2026April 5, 2026 Constance

Kamoa-Kakula Copper Complex Revises 2026–2027 Output, Targets 500,000+ Tonnes from 2028 SX-listed Ivanhoe Mines has released an updated independent technical report for the Kamoa-Kakula Copper Complex in the Democratic Republic of Congo. The report incorporates changes to the mine design and extraction sequence and applies conservative geotechnical parameters to ensure long-term safety and operational stability. As a result, Ivanhoe has revised its production guidance for the complex to 290,000–330,000 tonnes of copper anodes in 2026 and 380,000–420,000 tonnes in 2027. The company expects annualised production to exceed 500,000 tonnes from… Read More Here

Gold Corporate News International

West African Resources Forecasts Record Gold Production in 2026 Driven by Kiaka and Sanbrado Mines

April 5, 2026April 5, 2026 Constance

West African Resources to Produce 430,000–490,000 Ounces of Gold in 2026 with Burkina Faso Operations Leading Growth West African Resources is set for a landmark year in 2026, projecting annual gold production of 430,000 to 490,000 ounces, fueled by its operations in Burkina Faso. The increase reflects the first full year of output from the Kiaka mine, the country’s largest, alongside continued strong performance from its founding Sanbrado mine. The company is targeting an all-in sustaining cost (AISC) of under $1,900 per ounce, signaling robust margins despite global gold price… Read More Here

Mining in Zambia Copper Corporate News New Mining Projects

Prospect Resources Confirms Expanding Copper System at West Mwombezhi in Zambia

April 4, 2026April 5, 2026 Constance

Prospect Resources Reports Strong Copper Drill Results at Mumbezhi Project as Maiden Resource Estimate Targets 2026 Australian mining company Prospect Resources Limited has received final assay results from Phase 2 diamond drilling at the West Mwombezhi prospect within the Mumbezhi Copper Project in Zambia, confirming the presence of a continuous near-surface copper sulphide system extending for more than one kilometer along strike. The latest drilling campaign has delivered several new mineralized intersections, including: These results strengthen the geological case for a growing copper system at West Mwombezhi and support the… Read More Here

International Corporate News

Vedanta to Split into Five Listed Companies as Part of Major Restructuring

March 31, 2026March 31, 2026 Constance

India’s Vedanta Set to Demerge into Five Public Companies to Reduce Debt and Unlock Value India-based Vedanta Limited will break up into five separately listed companies early next month, as part of a multi-year restructuring program designed to reduce debt and unlock shareholder value. The demerger plan, approved by a tribunal in December, will see Vedanta operate as the holding company for its base metals business, while four other entities Vedanta Aluminium, Talwandi Sabo Power, Vedanta Steel and Iron, and Malco Energy will be separately listed. Anil Agarwal told the… Read More Here

Mining in DRC Cobalt Copper Corporate News

Glencore Bets on DRC Operations to Drive Copper and Cobalt Growth Strategy

March 31, 2026April 6, 2026 Constance

Glencore Expands Focus on DRC Copper and Cobalt Assets as It Targets 1 Million Tonnes of Copper Output by 2028 Glencore is intensifying its investment focus on the Democratic Republic of the Congo (DRC) as part of a long-term strategy to become one of the world’s leading copper producers without relying on large-scale mergers. The company recently ended merger discussions with Rio Tinto that could have created the world’s largest mining group. Instead, Glencore has opted to strengthen its balance sheet and sharpen its portfolio around high-demand transition metals, particularly… Read More Here

International Corporate News

Glencore’s South African Ferrochrome Operations at Risk Amid Electricity Tariff Dispute

March 29, 2026March 29, 2026 Constance

Glencore Faces Uncertainty in South Africa as Ferrochrome Plants Struggle With High Power Costs Glencore’s ferrochrome operations in South Africa face growing uncertainty as the company signals it may withdraw from negotiations with the government over a proposed discounted electricity package. Without lower power costs, the multinational warns, its loss-making smelters cannot remain viable, putting thousands of jobs at risk. On February 27, Eskom, South Africa’s state-owned electricity utility, offered steeply discounted rates to the country’s two largest ferrochrome producers, including Glencore, in an effort to keep the plants operational.… Read More Here

International Corporate News Gold

Barrick Slows Reko Diq Development as Security Risks Extend Project Review

March 29, 2026March 29, 2026 Constance

Barrick Delays $5.6 Billion Reko Diq Copper-Gold Project in Pakistan Amid Rising Regional Security Concerns Barrick Mining Corporation (TSX: ABX, NYSE: B) has announced plans to slow development of the Reko Diq copper-gold project in Pakistan’s Balochistan province and extend its project review period, citing heightened regional security risks linked to tensions in the Middle East. The decision, first reported by the Financial Times, introduces additional uncertainty around the timeline for one of the world’s largest undeveloped copper-gold deposits. Barrick’s shares traded slightly lower following the announcement, moving within a… Read More Here

Corporate News Exploration Lithium Mining in DRC

DRC Revokes AVZ Minerals’ 79-Block Lithium Exploration Permit Amid Ongoing Regulatory Disputes

March 28, 2026March 28, 2026 Constance

DRC Cancels AVZ Minerals’ Lithium Permit in Manono Extension Project, Highlighting Rising Regulatory Risks for Foreign Miners The Democratic Republic of Congo has revoked a 79-block lithium exploration permit held by the Congolese subsidiary of Australian mining firm AVZ Minerals. The Mining Registry (CAMI) issued the forfeiture order on March 19, 2026, citing non-payment of annual surface fees for permit PR 4029, located in the Manono territory of Tanganyika province. Under Congolese mining law, AVZ has 30 days to appeal the decision. PR 4029 is part of AVZ’s Manono Extension… Read More Here

International Corporate News Iron Ore New Mining Projects

Ivanhoe Atlantic Clears Environmental Approval for Kon Kweni Iron Ore Project Amid Leadership Transition

March 28, 2026March 28, 2026 Constance

US-Backed Ivanhoe Atlantic Advances Liberia Iron Ore Project, Secures ESIA Approval and Targets Western Markets Ivanhoe Atlantic Inc., supported by billionaire Robert Friedland, has cleared a major regulatory milestone in Liberia, bringing one of West Africa’s largest untapped iron ore projects closer to production. The company announced that the Government of Liberia has formally accepted its Environmental and Social Impact Assessment (ESIA) for Phase One transport and logistics infrastructure supporting the Kon Kweni ultra-high-grade iron ore project. Prepared by Liberian consultant Earthtime Group and reviewed by Liberia’s Environmental Protection Agency,… Read More Here