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Category: Corporate News

Shuka Minerals Moves Closer to Full Acquisition of Zambia’s Kabwe Zinc Mine 1 Mining in Zambia Corporate News Mergers & Acquisitions Zinc 

Shuka Minerals Moves Closer to Full Acquisition of Zambia’s Kabwe Zinc Mine

Constance
Shuka Minerals to Receive Remaining Funds for Kabwe Zinc Mine and LEM Acquisition in December Aim- and AltX-listed Shuka Minerals has confirmed that it expects to receive the remaining funds needed to finalize its acquisition of Leopard Exploration and Mining (LEM) and the Kabwe zinc mine in central Zambia this month—slightly later than originally planned. In a December 1 update, the company said it had already completed the initial payment tranche, securing a 22.2% stake in LEM and the Kabwe project. However, subsequent payments from Gathoni Muchai Investments (GMI) are… Read More Here
Barrick Considers IPO of North American Gold Assets Amid Rising Costs and Investor Pressure 2 International Corporate News Gold 

Barrick Considers IPO of North American Gold Assets Amid Rising Costs and Investor Pressure

Constance
Barrick Mining Weighs IPO of North American Gold Assets as Operational Challenges Mount Barrick Mining (TSX: ABX; NYSE: GOLD) is considering an initial public offering (IPO) of its North American gold assets as the company confronts rising costs and a series of operational setbacks. In a statement, the board said it has unanimously authorized management to explore the creation and listing of a new subsidiary that would house key North American operations. Barrick would retain control of the proposed company, while listing only a small minority interest. The unit would… Read More Here
Zijin Mining Founder Chen Jinghe Steps Down After Decades of Transformative Growth 3 International Corporate News Mining Personality 

Zijin Mining Founder Chen Jinghe Steps Down After Decades of Transformative Growth

Constance
After Reaching $100B Valuation, Zijin Mining Founder Chen Jinghe Hands Over Leadership Zijin Mining Group Co. founder Chen Jinghe will step down as chairman after guiding the company for decades and elevating it into one of the world’s leading metals producers. According to a Saturday exchange filing, the 68-year-old executive chose not to seek re-nomination to the board, citing age and family considerations. He will transition into the role of honorary chairman and senior consultant. The Fujian-based company has not yet named his successor. Under Chen’s leadership, Zijin grew from… Read More Here
Kamoa-Kakula Sets Ambitious 2026–2027 Copper Production Targets as Dewatering Progress Accelerates 4 Copper Corporate News 

Kamoa-Kakula Sets Ambitious 2026–2027 Copper Production Targets as Dewatering Progress Accelerates

Constance
Ivanhoe Mines Projects Up to 540,000 Tonnes of Copper Output by 2027 as Kamoa-Kakula Dewatering Advances Ivanhoe Mines (TSX: IVN; OTCQX: IVPAF) Executive Co-Chairman Robert Friedland and President and Chief Executive Officer Marna Cloete have announced copper production guidance for 2026 and 2027 at the Kamoa-Kakula Copper Complex, alongside an update on the Kakula Mine’s dewatering and rehabilitation progress. Dewatering at Kakula continues to advance steadily, now approximately 70% complete on the western side of the mine and 60% complete on the eastern side. To date, 13.4 kilometres of underground… Read More Here
Petra Diamonds Confirms New Leadership Team and Board Restructuring After 2025 AGM 5 Corporate News Diamond International Mining Personality 

Petra Diamonds Confirms New Leadership Team and Board Restructuring After 2025 AGM

Constance
Petra Diamonds Appoints Permanent Joint CEOs and Strengthens Board Following Annual Meeting London-listed Petra Diamonds has announced a refreshed leadership structure and several board changes following its Annual General Meeting held on November 27. The company confirmed the appointment of Vivek Gadodia and Juan Kemp as permanent joint CEOs, solidifying the roles they have held in an interim capacity since February. Under the new structure, Gadodia will continue to lead Petra’s corporate functions, while Kemp will oversee operational activities across the business. Shareholders also approved the appointment of Kushal Kumar… Read More Here
Panama Set to Release Early Audit Findings on Cobre Panama Mine as Govt Weighs Next Steps 6 International Copper Corporate News 

Panama Set to Release Early Audit Findings on Cobre Panama Mine as Govt Weighs Next Steps

Constance
Cobre Panama Audit Nears First Report: Final Review Due February to Decide Fate of First Quantum’s Mine Panama may release the preliminary findings of its comprehensive audit of First Quantum Minerals’ Cobre Panama copper mine as early as next week, with the final report scheduled for completion by the end of February. The results are expected to guide the government’s decision on the future of the long-stalled operation. The independent assessment, conducted by SGS Panama Control Services, covers environmental compliance, legal and labour obligations, tax issues, operational procedures and potential… Read More Here
Molefe Copper Mine in Zambia Set for Expansion Through Jubilee-Galileo Partnership 7 Mining in Zambia Copper Corporate News New Mining Projects 

Molefe Copper Mine in Zambia Set for Expansion Through Jubilee-Galileo Partnership

Constance
Jubilee Metals and Galileo Resources Form Strategic Alliance to Accelerate Molefe Copper Mine Development in Zambia Johannesburg- and London-listed Jubilee Metals Group has signed a cooperation and project development agreement with Galileo Resources to fast-track exploration and development at the Molefe copper mine in Zambia. Under the deal, Galileo can earn up to a 23.75% interest in the project by investing $700,000 in resource development work. The agreement leverages Jubilee’s operational and processing expertise in Zambia alongside Galileo’s exploration and geological capabilities, allowing each company to focus on core workstreams,… Read More Here
FQM Reaffirms Commitment to Zambian Suppliers as Local Content SI 68 Takes Effect 8 Mining in Zambia Copper Corporate News 

FQM Reaffirms Commitment to Zambian Suppliers as Local Content SI 68 Takes Effect

Constance
FQM Deepens Support for Zambian Suppliers as Local Content SI 68 Ushers in New Opportunities First Quantum Minerals (FQM) has reiterated its commitment to expanding opportunities for Zambian businesses through Local Content Statutory Instrument No. 68 (SI 68) — a policy aimed at increasing local participation in the mining supply chain. Speaking during the Mine Suppliers & Contractors Day in Kitwe, FQM executives emphasized that the company has long been investing in local procurement and supplier development, even before SI 68 came into force. Through structured capacity-building programs and expanded… Read More Here
Prospect Resources Shifts Focus from Namibia Lithium to Zambian Copper 9 Corporate News Copper Lithium Mining in Zambia 

Prospect Resources Shifts Focus from Namibia Lithium to Zambian Copper

Constance
Prospect Resources Quietly Holds Omaruru Lithium Project in Namibia While Advancing Zambian Copper Strategy Prospect Resources spent the past year reshaping its portfolio, selling the Step Aside lithium project in Zimbabwe and turning its corporate focus toward copper assets in Zambia. Yet one asset quietly remained on the company’s books: the Omaruru Lithium Project in Namibia. Interestingly, Prospect made no mention of Omaruru in its November 25 corporate presentation, despite the project’s history and potential suggesting a more nuanced story. Before Prospect’s involvement, the Omaruru project had undergone systematic exploration… Read More Here
Kamoa Copper Lights Up Africa’s Largest Eco-Friendly Copper Smelter in DRC 10 Mining in DRC Copper Corporate News 

Kamoa Copper Lights Up Africa’s Largest Eco-Friendly Copper Smelter in DRC

Constance
Kamoa Copper Inaugurates Furnace at Africa’s Largest Sustainable Copper Smelter On November 21, 2025, Kamoa Copper officially inaugurated the furnace at Africa’s largest and most environmentally friendly copper smelter, marking a historic milestone for the company and the Democratic Republic of Congo’s mining industry. The event represents a major advance in copper processing capacity on the continent. The ceremony, held in Lualaba province, blended modern engineering with ancestral tradition. In a nearby village close to Sammukoko, Cité Maseka, and Cité Mpesa Moya, a traditional furnace known as Lwanzo lua mikuba… Read More Here

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