Corporate News - Copperbelt Katanga Mining

Copperbelt Energy Corporation Forecasts 42% EPS Growth for H1 2025

August 29, 2025August 29, 2025 Constance

Copperbelt Energy Corporation Plc (CEC) has released a trading statement indicating that its earnings per share (EPS) for the half-year ended 30 June 2025 are expected to be approximately 42% higher than those recorded in the same period in 2024. The growth is primarily driven by the partial write-back of previously impaired receivables from Konkola Copper Mines Plc (KCM), totaling US$10.4 million, combined with increased revenue across all business segments. In accordance with the Lusaka Securities Exchange (LuSE) Listing Requirements, CEC cautioned shareholders that the information in this trading statement… Read More Here

International Corporate News Tin

Andrada Mining Ramps Up Tin Output with New Jig Plant and Stronger FY2026 Outlook

August 29, 2025August 29, 2025 Constance

Andrada Mining Boosts Tin Production at Uis, Commissions New Jig Plant to Double Output Andrada Mining has reported higher tin shipments and steady operational progress in FY2025, positioning its Uis operation in Namibia for stronger growth as new capacity comes online. The company shipped 59 tin consignments, up from 53 in FY2024, supported by increased throughput and plant efficiency. Construction of a modular jig plant was completed on time and on budget, with commissioning beginning in August 2025. The facility is expected to create a pathway for a near-term doubling… Read More Here

International Corporate News Gold

Asante Gold Secures $500M Financing to Boost Bibiani and Chirano Mines in Ghana

August 29, 2025August 29, 2025 Constance

Asante Gold Raises $500 Million to Expand Ghana Operations and Target 500,000 oz Annual Output by 2028 Canada’s Asante Gold has finalized a $500-million financing package to accelerate the development and expansion of its Bibiani and Chirano gold mines in Ghana, the company announced on Monday. The package includes net proceeds from a $125-million second utilization under its $150-million senior debt facility. A first drawdown of $5 million was completed on August 14, while a $20-million revolving credit facility is now fully available. “Closing this financing is transformative for Asante,”… Read More Here

International Corporate News

Sibanye-Stillwater Reports Strong First-Half 2025 Results with Profitability Boost from S45X Credits

August 29, 2025August 29, 2025 Constance

Sibanye-Stillwater Delivers R15.1bn EBITDA and Turns Corner with S45X Credits Amid Strong PGM and Gold Prices Sibanye-Stillwater has posted significantly improved results for the six months ended June 30, 2025, with all operations—except South African gold—remaining on track to meet production and cost guidance for the full year. The group highlighted stronger profitability, effective restructuring, and the impact of US Inflation Reduction Act (IRA) credits as key drivers of performance. The company reduced its basic loss to R3.6 billion, a R3.7 billion improvement year-on-year, while delivering headline earnings of R5.4… Read More Here

International Corporate News Oil & Gas Petroleum

Dangote Refinery Reshapes West and Central Africa’s Fuel Market

August 28, 2025August 28, 2025 Constance

Dangote Refinery Ends Nigeria’s Fuel Import Dependence, Boosts Exports Across Africa and Beyond The Dangote Petroleum Refinery has emerged as a game-changer in West and Central Africa’s energy landscape, ending decades of dependence on imported petroleum products and positioning Nigeria as a net exporter of refined fuels. With a processing capacity of 650,000 barrels per day, the refinery is the largest in Africa and has rapidly transformed regional trade flows. Since operations began, it has produced substantial volumes of diesel, gasoil, jet fuel, and petrol, meeting Nigeria’s domestic demand while… Read More Here

International Corporate News

Glencore-Sibanye Deal for Chrome Recovery Plants Cleared by Competition Commission

August 28, 2025August 28, 2025 Constance

Competition Commission Approves Glencore-Sibanye Acquisition of South African Chrome Recovery Plants The Competition Commission has recommended that the Competition Tribunal approve the acquisition of certain chrome recovery plants (CRPs) by Glencore Operations South Africa (GOSA) on behalf of the Glencore-Merafe pooling and sharing venture (PSV) and Sibanye-Stillwater, without any conditions. Sibanye-Stillwater owns and operates multiple CRPs at its South African platinum group metals mining operations, while GOSA also controls a number of CRPs. The parties announced in February that the PSV would operate both Sibanye-Stillwater’s and GOSA’s CRPs to leverage… Read More Here

Corporate News International

Rio Tinto Puts Richards Bay Minerals and Global Assets Under Strategic Review

August 28, 2025August 28, 2025 Constance

Rio Tinto Launches Strategic Review of South African, Canadian, and U.S. Mining Operations Mining giant Rio Tinto has placed its Richards Bay Minerals (RBM) operations in KwaZulu-Natal, along with its Canadian iron and titanium operations and U.S. borates mine, under strategic review as part of a broader operational restructuring led by new CEO Simon Trott. On Wednesday, the company unveiled a new operating structure consolidating its activities into three business units and assigning the Borates and Iron & Titanium divisions to COO Alf Barrios for review. RBM, a leading producer… Read More Here

International Corporate News Iron Ore

Fortescue Posts 41% Profit Drop Amid Weak Iron-Ore Prices but Eyes Green Energy Growth

August 28, 2025August 28, 2025 Constance

Fortescue FY25 Profit Falls 41% as Iron-Ore Prices Drop; Green Iron Projects Gain Momentum Fortescue Metals, the Australian iron-ore and green energy company, reported a 41% decline in full-year profit as weaker iron-ore prices weighed on revenue, though record shipments and disciplined cost management helped soften the impact. The company posted a net profit after tax of $3.4 billion for the year ending June 30, down from $5.7 billion a year earlier. Revenue fell 15% to $15.5 billion, driven by an 18% drop in the average realized price for hematite… Read More Here

Mining in DRC Battery Metals Corporate News Lithium New Mining Projects

KoBold Metals Expands Lithium Exploration in DRC with Seven New Permits

August 28, 2025August 28, 2025 Constance

KoBold Metals Secures Seven Lithium and Critical Mineral Permits in DRC Amid U.S. Investment Push KoBold Metals, the mineral exploration company backed by U.S. billionaires Jeff Bezos and Bill Gates, has secured seven new permits to explore lithium and other critical minerals in the Democratic Republic of Congo (DRC). The licenses were awarded weeks after the Berkeley, California-based company signed an exploration agreement with the Congolese government, part of a broader strategy to attract American investment into the country’s mining sector. The DRC is the world’s largest producer of cobalt,… Read More Here

Mining in DRC Copper Corporate News Press Release Zinc

Kipushi Debottlenecking Program Completed Ahead of Schedule and Under Budget

August 28, 2025August 31, 2025 Constance

Kipushi concentrator throughput rate increased by 20%, setting new production records Record 1,052 tonnes of zinc produced in 24 hours, equivalent to an annualized rate of over 340,000 tonnes Off-take agreement signed with Mercuria for up to one-third of high-grade zinc production Executive Co-Chair Robert Friedland and President and Chief Executive Officer Marna Cloete announced yesterday that the debottlenecking program at the ultra-high-grade Kipushi Zinc Mine, in the Democratic Republic of Congo, was recently completed both ahead of schedule and under budget. Zinc production from the Kipushi concentrator has significantly… Read More Here