You are here

Category: Corporate News

TAGS & Sodiam Sell $15.4M in Rough Diamonds at 2025 Luanda Tender 1 Diamond Corporate News International 

TAGS & Sodiam Sell $15.4M in Rough Diamonds at 2025 Luanda Tender

Constance0 comment
Trans Atlantic Gem Sales (TAGS) and Angola’s state-owned diamond trader, Sodiam, successfully sold more than $15.4 million worth of large rough diamonds at their first tender of the year. The sale, held from March 5 to 13 in Luanda, featured 36 diamonds over 10 carats, including seven stones exceeding 60 carats. Approximately 95% of the goods found buyers. TAGS, which markets production from seven Angolan mines—Lulo, Tchegi, Somiluana, Kaixepa, Chitotolo, Catoca, and Luele—saw contributions from all of them in this auction. Among the highlights were two high-value diamonds from Lucapa… Read More Here
Glencore to Take 10% Stake in Cobalt Investment Firm Amid Market Slump 2 International Corporate News 

Glencore to Take 10% Stake in Cobalt Investment Firm Amid Market Slump

Constance0 comment
Glencore is set to acquire a 10% stake in Cobalt Holdings, a new investment company planning to list on the London Stock Exchange in May, the Financial Times reported. Cobalt Holdings will operate similarly to commodity investment firms like Yellow Cake, which deals in uranium, by purchasing and holding physical supplies of cobalt. As part of a long-term agreement, Glencore will sell $200 million worth of cobalt—produced as a by-product of its copper mining operations in the Democratic Republic of Congo (DRC)—to Cobalt Holdings. This move is expected to reduce… Read More Here
Panama Demands First Quantum Drop Legal Action for Mine Talks 3 International Copper Corporate News 

Panama Demands First Quantum Drop Legal Action for Mine Talks

Constance0 comment
Panama is urging First Quantum Minerals (TSX: FM) to immediately withdraw its legal proceedings against the government if the company is serious about negotiating a restart of its shuttered Cobre Panama mine. President Jose Raul Mulino announced that he has authorized the export of stockpiled copper concentrate from the open-pit mine, adding that First Quantum must compensate Panama since the material will be processed abroad. “The concentrate is being wasted, and Panama has invested heavily in it,” Mulino stated during a press conference in Panama City. “The mine’s future will… Read More Here
Anglo American to Cut More Jobs Amid Restructuring 4 International Corporate News 

Anglo American to Cut More Jobs Amid Restructuring

Constance0 comment
Anglo American is planning further job cuts at its corporate offices as it moves forward with asset sales and the planned spin-off of its platinum business. According to sources familiar with the matter, employees likely to be affected have been notified, though no official announcement has been made. The company confirmed that the job reductions align with its ongoing restructuring efforts, adding that consultations are still in the early stages and the exact number of affected employees has yet to be determined. Anglo began restructuring last year after fending off… Read More Here
AVZ Minerals Wins Legal Battle Over Manono Lithium Mine in DRC 5 Mining in DRC Battery Metals Corporate News Lithium 

AVZ Minerals Wins Legal Battle Over Manono Lithium Mine in DRC

Constance0 comment
Australia’s AVZ Minerals has secured a legal victory against the Democratic Republic of Congo (DRC) and China’s Zijin Mining in a dispute over rights to the Manono lithium mine. The company is now in talks with U.S. investors to secure funding for the project. The International Court of Arbitration of the International Chamber of Commerce (ICC) has ordered DRC’s state-owned mining company, Cominiere, to pay a €39.1 million penalty for failing to comply with previous rulings preventing it from terminating its joint venture with AVZ. AVZ initially held the permit… Read More Here
Barrick Gold Committed to Resolving Mali Dispute Amid Operational Suspension 6 International Corporate News Gold 

Barrick Gold Committed to Resolving Mali Dispute Amid Operational Suspension

Constance0 comment
Barrick Gold remains “fully engaged and committed to reaching a mutually beneficial resolution” with the Malian government to settle an ongoing dispute over its mining assets, according to a memo from Sebastiaan Bock, the company’s chief operating officer for Africa and the Middle East, seen by Reuters on Saturday. The dispute, which began in 2023, centers on Mali’s new mining code, which grants the state a larger stake in Barrick’s Loulo-Gounkoto gold mining complex. Tensions escalated when the government seized approximately three metric tons of gold from Barrick’s operations and… Read More Here
DRC’s Anti-Corruption Platform to Review Sicomines Amendment at High-Level Forum 7 Mining in DRC Corporate News 

DRC’s Anti-Corruption Platform to Review Sicomines Amendment at High-Level Forum

Constance0 comment
The anti-corruption platform “Congo is Not for Sale” (CNPAV) is set to host a high-level forum on March 14, 2025, at the Cercle de Kinshasa in Gombe. The event will evaluate the implementation of Amendment 5 to the Sicomines Convention, signed one year ago between the Democratic Republic of Congo (DRC) and its Chinese partners. In 2008, the DRC signed a “Minerals for Infrastructure” deal with a consortium of Chinese companies, establishing the Sicomines project. While initially presented as a mutually beneficial partnership, the agreement has faced widespread criticism, particularly… Read More Here
Barrick Gold Seeks Resolution in Mali Mining Dispute 8 Gold Corporate News International 

Barrick Gold Seeks Resolution in Mali Mining Dispute

Constance0 comment
Barrick Gold remains fully engaged in negotiations with the Malian government to resolve their ongoing dispute over the Loulo-Gounkoto gold mining complex, according to a company memo seen by Reuters on Saturday. The conflict stems from Mali’s new mining code, which grants the state a larger stake in mining operations. Since 2023, Barrick and the government have struggled to agree on its implementation. Tensions escalated on January 13, when Barrick temporarily halted mining operations after the government seized three metric tons of gold stock and blocked exports since November 2023.… Read More Here
CNPAV Demands Fair Renegotiation of Sicomines Agreement to Protect DRC’s Interests 9 Mining in DRC Corporate News Governance 

CNPAV Demands Fair Renegotiation of Sicomines Agreement to Protect DRC’s Interests

Constance0 comment
The Congo Is Not for Sale coalition (CNPAV) is urging the Presidency, the government, Parliament, and the executive committee of the EITI-DRC to take concrete steps to reassess the Sicomines convention and its fifth amendment. The coalition calls for a fairer balance of interests between the parties by addressing structural imbalances, financial losses, and ongoing uncertainty over infrastructure funding. CNPAV reaffirms its commitment to a just renegotiation of the Sicomines contract—one that prioritizes both the short- and long-term interests of the Congolese people and ensures a fairer economic future for… Read More Here
Chairman of Zijin Mining, Departs as a Director of Ivanhoe’s Board 10 Mining in DRC Corporate News Mining Personality 

Chairman of Zijin Mining, Departs as a Director of Ivanhoe’s Board

Constance0 comment
 Ivanhoe Mines Executive Co-Chair Robert Friedland announced that Mr. Jinghe Chen, Chairman of Zijin Mining Group Co. Ltd., has stepped down from Ivanhoe’s the board of directors and has been replaced with the appointment of Dr. Chun (James) Wang, Vice President of Overseas Operations for Zijin Mining. Mr. Chen has served on Ivanhoe Mines’ board of directors since 2019, following the strategic investment by Zijin Mining into Ivanhoe Mines and the forming of the Kamoa Copper joint venture in 2015. Dr. Wang replaces Mr. Chen on the board of directors,… Read More Here

You have successfully subscribed to the newsletter

There was an error while trying to send your request. Please try again.

Copperbelt Katanga Mining will use the information you provide on this form to be in touch with you and to provide updates and marketing.