Corporate News - Copperbelt Katanga Mining

Zijin Mining Warns of Geopolitical Risks Despite Record Earnings Surge

August 28, 2025August 28, 2025 Constance

Zijin Mining Reports Record Profits but Flags Geopolitical and Resource Nationalism Risks China’s Zijin Mining Group Co., the world’s third-largest metals producer by market value, has warned that geopolitical tensions and rising resource nationalism could challenge its overseas expansion, even as it posts record financial results. The copper and gold giant said that “global uncertainties have become unprecedented”, citing growing competition among major powers for critical minerals. This “high-intensity confrontation,” it warned, could weigh on future revenues, profitability, and new international projects. Zijin has rapidly risen to become one of… Read More Here

International Corporate News Mining Personality

Rio Tinto Reshapes Portfolio Under New CEO Simon Trott

August 28, 2025August 28, 2025 Constance

Rio Tinto CEO Simon Trott Unveils Major Overhaul, Consolidates Divisions and Reviews Non-Core Assets Rio Tinto’s new chief executive, Simon Trott, has announced a sweeping restructuring of the mining giant, consolidating its business into three core divisions—iron ore, copper, and aluminium–lithium—while placing several non-core assets under strategic review. Trott, who officially assumed leadership this week after previously heading Rio Tinto’s iron ore business, said the changes are aimed at simplifying the company’s structure and sharpening its portfolio focus. Iron Ore Division: Matthew Holcz has been appointed chief executive of iron… Read More Here

International Corporate News Mining safety

Codelco Faces Stricter Safety Demands to Reopen El Teniente Mine Following Deadly Accident

August 28, 2025August 28, 2025 Constance

Chile’s Sernageomin Tightens Safety Rules for Codelco’s El Teniente Mine After Fatal Collapse Chile’s mining regulator, Sernageomin, has imposed stricter safety requirements on state-owned copper producer Codelco before it can fully reopen operations at its flagship El Teniente mine, following a deadly collapse that killed six workers on July 31. According to official directives, Codelco must now submit a detailed monitoring and follow-up plan to ensure the stability and safety of all underground operations at El Teniente that remain closed. The accident prompted Codelco to immediately suspend activity across the… Read More Here

Mining in DRC Copper Corporate News

Ivanhoe Mines Announces Stage Two Dewatering of Kakula Mine to Commence Imminently

August 26, 2025August 26, 2025 Constance

Ivanhoe Mines’ Executive Co-Chair Robert Friedland and CEO Marna Cloete provided an update on dewatering and rehabilitation activities at the Kamoa-Kakula Copper Complex following seismic activity at the Kakula Mine. The mine team implemented a three-stage plan to dewater affected areas. Stage One, stabilizing and maintaining water levels, has been completed, restoring access to all currently reachable sections. Stage Two, which involves installing high-capacity submersible pumps and permanent surface infrastructure on the eastern side of the mine, is underway. Two of the pumps are operational, with the remaining two expected… Read More Here

Mining in Zambia Copper Corporate News

FQM Shelves Plan to Sell Zambian Copper Stakes After $1B Gold-Streaming Deal

August 26, 2025August 26, 2025 Constance

First Quantum Minerals Retains Zambian Copper Assets Following $1 Billion Gold-Streaming Transaction First Quantum Minerals Ltd. has abandoned plans to sell minority stakes in its Zambian copper mines after a $1 billion gold-streaming deal alleviated balance sheet pressures. Earlier this year, the company had considered divesting minority interests in its Kansanshi and Sentinel operations in Zambia, following the forced closure of its flagship Cobre Panama mine in late 2023. Chief Executive Officer Tristan Pascall said the recent agreement to sell part of Kansanshi’s gold output to Royal Gold Inc. has… Read More Here

Mining in Zambia Corporate News Gemstones

Zambia’s Kagem Mine Yields 11,685-Carat Emerald, Gemfields Announces

August 26, 2025August 26, 2025 Constance

Gemfields Discovers Record-Breaking 11,685-Carat Imboo Emerald at Zambia’s Kagem Mine Gemfields has revealed its latest extraordinary find at Kagem Mining – an 11,685-carat emerald named Imboo, meaning “buffalo” in Bemba and Lamba. Weighing 2.337 kilograms, this exceptional gemstone is the largest of outstanding quality ever discovered at the world-renowned Kagem mine in Zambia’s Copperbelt Province. The emerald, recovered from the Chama pit on 3 August 2025, will be featured at Gemfields’ high-quality emerald auction, running until 11 September. All proceeds from the sale will be repatriated to Zambia. Kagem is… Read More Here

International Corporate News

Arcadia Minerals Advances Namibian Portfolio While Preparing Swanson Tantalum Mine

August 26, 2025August 26, 2025 Constance

Arcadia Minerals Strengthens Namibian Assets and Near-Shovel-Ready Swanson Tantalum Project Arcadia Minerals has maintained strong momentum across its Namibian portfolio during a lean quarter, renewing licences, advancing multi-commodity targeting at the Tantalite Valley Complex, and continuing offtake and financing discussions for the near-shovel-ready Swanson tantalum mine, according to its June-quarter report filed on 31 July 2025. In the far south, Arcadia confirmed renewal of key exploration licences at the Tantalite Valley Complex through mid-2027 and completed a 97-sample stream-sediment program across the broader intrusive system. The survey returned widespread anomalism… Read More Here

Corporate News Energy International

CrossBoundary Energy Secures $40 Million Investment to Boost Africa’s Renewable Power

August 25, 2025August 25, 2025 Constance

CrossBoundary Energy Receives $40 Million from Impact Fund Denmark to Accelerate Renewable Energy in Africa CrossBoundary Energy has secured a $40 million equity investment from Danish investor Impact Fund Denmark to accelerate renewable energy adoption across Africa. The distributed energy firm is advancing ambitious projects, including a 222 MWp solar facility and a 123 MVA/526 MWh battery system designed to power the Kamoa-Kakula Copper Mine in the Democratic Republic of Congo. “Our zero-CapEx model lowers the barrier to entry for African companies seeking stable, clean, and cost-effective power,” said Pieter… Read More Here

Mining in Zambia Copper Corporate News

Kansanshi Mine to Double Processing Capacity with New S3 Plant Expansion

August 24, 2025August 24, 2025 Constance

Zambia’s Kansanshi Mine to Boost Ore Processing to 53 Million Tons Annually with S3 Plant KANSANSHI Mine Plc is set to double its ore processing capacity from the current 27–28 million tons to approximately 53 million tons annually, following the completion of its S3 plant expansion. Operations Superintendent Patricia Mankubwa said the upgrade will enable the facility to process an additional 25 million tons of ore per year, describing the development as a milestone for the future of mining and Kansanshi’s long-term operations. The project includes four major expansions, notably… Read More Here

International Corporate News

Glencore Targets One Million Tons of Annual Copper Output from Argentina Projects

August 24, 2025August 24, 2025 Constance

Glencore Plans $13.5bn Investment to Position Argentina as Major Global Copper Supplier BUENOS AIRES – Mining and trading giant Glencore is planning to produce nearly one million tons of copper annually from its El Pachón and Agua Rica projects in Argentina within the next 10 to 15 years, the company’s Argentina CEO Martín Pérez de Solay said on Thursday. Argentina currently produces no copper, but several major mining companies are advancing projects that could transform the country into a key global supplier of the metal. Earlier this week, Glencore applied… Read More Here