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Category: Corporate News

Glencore Targets Major Copper Production Expansion as Operational Reset Gains Momentum 1 Copper Corporate News International 

Glencore Targets Major Copper Production Expansion as Operational Reset Gains Momentum

Constance
Glencore Plans 1.6 Million Tonnes of Copper Output by 2035 Amid Global Supply Tightness Glencore has outlined an ambitious plan to lift its annual copper production to approximately 1.6 million tonnes by 2035, signaling a strategic shift aimed at reversing several years of declining output. Chief executive Gary Nagle told investors in London that the company expects its base copper business to surpass 1 million tonnes per year by the end of 2028, placing Glencore among the world’s top five copper producers. The production push comes as global miners accelerate… Read More Here
Barrick Advances Garamba Conservation Efforts with Second Reintroduction of White Rhinos 2 Mining in DRC Corporate News 

Barrick Advances Garamba Conservation Efforts with Second Reintroduction of White Rhinos

Constance
Barrick Reintroduces 24 White Rhinos to Garamba National Park in Major Conservation Milestone On Tuesday, December 9, 2025, Barrick Gold carried out the second phase of its landmark white rhinoceros reintroduction programme in Garamba National Park, located in the Haut-Uélé province of the Democratic Republic of Congo. The event was attended by government officials, conservation leaders and international partners. From early morning, guests witnessed the arrival of the rhinos from South Africa, transported by aircraft and secured in specially designed wooden crates built to ensure maximum comfort and safety throughout… Read More Here
Mercuria Moves to Withdraw $500 Million in Copper Amid Looming Global Shortages 3 International Copper Corporate News 

Mercuria Moves to Withdraw $500 Million in Copper Amid Looming Global Shortages

Constance
Mercuria Orders $500M Copper Withdrawal from LME as US Tariff Threat Fuels Global Supply Crunch Mercuria Energy Group Ltd. has ordered roughly $500 million worth of copper for withdrawal from warehouses supervised by the London Metal Exchange (LME), positioning itself ahead of a possible global supply squeeze driven by looming US tariffs. According to people familiar with the matter, Mercuria was the primary party behind requests to withdraw about 50,000 tons of copper from LME depots on Wednesday. The cancellations mark the largest removal of LME copper inventories in more… Read More Here
FQM Hands Major Mining Operations to Local Contractor Mineral Link in Zambia 4 Mining in Zambia Corporate News Mining Equipment 

FQM Hands Major Mining Operations to Local Contractor Mineral Link in Zambia

Constance
FQM Boosts Zambia Mining Local Content by Awarding Major Load-and-Haul Contract to Mineral Link First Quantum Minerals (FQM), through its subsidiary FQM Trident Limited, has reaffirmed its commitment to Zambia’s socio-economic development by expanding opportunities for local businesses and transferring key operational responsibilities to the Zambian-owned contractor Mineral Link Limited. This partnership signals a significant evolution in Zambia’s mining sector, shifting from traditional service provision to full contract mining. Mineral Link, a second-generation family business based in Chingola, will now manage enterprise load-and-haul operations previously handled internally by FQM. According… Read More Here
Mercuria and Gécamines Launch Copper and Cobalt Trading Venture in the DRC 5 Mining in DRC Cobalt Copper Corporate News 

Mercuria and Gécamines Launch Copper and Cobalt Trading Venture in the DRC

Constance
New Mercuria–Gécamines Joint Venture Aims to Boost Copper and Cobalt Exports from the DRC Mercuria Energy Trading has launched a metals-trading joint venture with Gécamines, the Democratic Republic of Congo’s state-owned mining company, to market copper and cobalt acquired through Gécamines’ equity stakes in local mining projects. According to Kostas Bintas, head of metals at Mercuria Energy Group, the venture could eventually market more than 500,000 tons of copper cathodes per year, in addition to substantial volumes of cobalt. The agreement coincides with recent cooperation between the United States and… Read More Here
Kamoa-Kakula Smelter Launched After Traditional Ceremony Marks Start of Operations 6 Mining in DRC Copper Corporate News 

Kamoa-Kakula Smelter Launched After Traditional Ceremony Marks Start of Operations

Constance
Kamoa-Kakula Copper Smelter Begins Operations After Inaugural Heating Ceremony in DRC The Kamoa-Kakula copper smelter, promoted as the largest and most environmentally advanced on the African continent, officially began heating on November 21, 2025. Ivanhoe Mines, the operator of the copper complex in Lualaba province, confirmed that the first feed of concentrate was expected before the end of the year. The launch was marked by a traditional ceremony led by Chief Musokantanda Sabuni Kafweku, symbolizing the connection between ancestral customs and the industrial ambition of the project. A flame from… Read More Here
Barrick Completes Sale of Tongon Gold Mine as Portfolio Optimization Accelerates 7 International Corporate News Gold 

Barrick Completes Sale of Tongon Gold Mine as Portfolio Optimization Accelerates

Constance
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
Galileo Resources Launches Drilling Program at Molefe Copper Project in Zambia 8 Mining in Zambia Copper Corporate News New Mining Projects News in Brief 

Galileo Resources Launches Drilling Program at Molefe Copper Project in Zambia

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
Glencore Charts Bold Copper Expansion as It Cuts 2026 Output Forecast 9 International Copper Corporate News 

Glencore Charts Bold Copper Expansion as It Cuts 2026 Output Forecast

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
Lucara Awards Key Lateral Development Contract for Botswana’s Karowe Underground Project 10 International Corporate News Diamond 

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

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

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