Corporate News - Copperbelt Katanga Mining

Asian Development Bank Commits $410m to Barrick’s Reko Diq Copper Mine in Pakistan 1

ADB Backs Reko Diq Copper Project with $410m Financing Package The Asian Development Bank (ADB) will provide a $410 million financing package to support the development of Reko Diq, one of the world’s largest untapped copper deposits, operated by Barrick Mining (NYSE: GOLD; TSX: ABX). According to Reuters, the package includes two loans totaling $300 million to Barrick and a $110 million financing guarantee for the government of Pakistan. The investment is part of a broader $6.6 billion development plan for the mine, which is jointly owned by Barrick (50%),… Read More Here

Andrada Mining Completes Second Jig Plant at Uis Mine to Boost Tin Output

August 22, 2025August 22, 2025 Constance

Andrada Mining Doubles Down on Tin Growth with New Jig Plant at Uis Mine, Namibia London-listed Andrada Mining has successfully completed construction of the second jig (processing) plant at its flagship Uis tin mine in Namibia, delivering the project on time and within budget. Commissioning of the new plant will begin in the final week of August, paving the way for a substantial increase in tin production through the added processing capacity. “The completion of the jig plant on time and within budget is a smart, low-cost upgrade that will… Read More Here

Mining in Zambia Copper Corporate News Economy New Mining Projects

President Hichilema Inaugurates $1.25 Billion Kansanshi Mine Expansion, Securing Zambia’s Copper Growth

August 21, 2025August 22, 2025 Constance

Zambia Secures $1.25 Billion Mining Boost as President Hichilema Commissions Kansanshi S3 Expansion President Hakainde Hichilema officially commissioned the $1.25 billion Kansanshi S3 Expansion by First Quantum Minerals (FQM), a landmark investment set to transform Zambia’s mining sector, extend the life of Africa’s largest copper mine, and power economic growth for decades to come this week. The S3 Expansion will prolong the operation of Kansanshi Mine into the 2040s while significantly boosting copper output. The project features the opening of a new mining pit known as the South East Dome,… Read More Here

Corporate News International Mining Personality

Exxaro Reshapes Leadership Structure to Drive Diversification and Sustainable Growth

August 21, 2025August 21, 2025 Constance

Exxaro Announces New Management Structure and Leadership Appointments to Accelerate Diversification in Coal, Energy and Metals JSE-listed Exxaro Resources has unveiled a revamped group management structure designed to position the company as “fit for the future” while reflecting its growing diversified portfolio across coal, energy, and transitional metals. The new structure is aimed at stabilising operations, enhancing agility, improving collaboration, and enabling faster decision-making as Exxaro accelerates its sustainable growth and impact strategy. Strengthened Executive Committee The group executive committee, reporting directly to CEO Ben Magara, now includes: Riaan Koppeschaar… Read More Here

Corporate News Copper International

Glencore Seeks $13.5B Investment Boost for Argentine Copper Projects Under New Incentive Regime

August 21, 2025August 21, 2025 Constance

Glencore Applies for Argentina’s RIGI Program to Advance $13.5 Billion El Pachón and Agua Rica Copper Projects Commodities giant Glencore has submitted applications to include two of its flagship copper projects in Argentina—El Pachón and Agua Rica—under President Javier Milei’s new Incentive Regime for Large Investments (RIGI). If approved, the projects could unlock $13.5 billion in development spending over the next decade. The Switzerland-based miner confirmed Monday that it has applied for both projects, which it owns outright. Planned capital investment includes $9.5 billion for El Pachón (Phase 1) and… Read More Here

Corporate News Energy Uranium

GoviEx Uranium and Tombador Iron Announce Reverse Takeover Deal

August 21, 2025August 21, 2025 Constance

GoviEx Uranium Secures ASX Listing Through Reverse Takeover of Tombador Iron, Launching New Entity “Atomic Eagle” GoviEx Uranium has entered into a reverse takeover agreement with ASX-listed Tombador Iron, a deal that will create a newly listed Australian company named Atomic Eagle. Under the agreement, GoviEx shareholders will become majority owners of the restructured entity, positioning the company for accelerated uranium project development in Africa. Tombador, which previously sold its iron-ore business, currently exists as a cash-backed ASX shell with about A$10.4 million in reserves. Through a court-approved process in… Read More Here

Mining in DRC Battery Metals Corporate News Lithium

AVZ Minerals Secures 10% Manono Stake After ICC Victory

August 18, 2025August 18, 2025 Constance

AVZ Minerals Triumphs in ICC Ruling, Strengthens Control of DRC’s Manono Lithium Project Australian mining company AVZ Minerals has won its arbitration case against Dathomir Mining Resources before the International Chamber of Commerce (ICC). The ruling, issued on July 14, 2025, definitively confirms AVZ’s acquisition of a 10% stake in Dathcom Mining SA, owner of the world-class Manono lithium project in the Democratic Republic of Congo. AVZ’s subsidiary AVZI initiated the case before the ICC to confirm the legality of a 2020 Share Purchase Agreement (SPA). The tribunal ruled that:… Read More Here

Mining in DRC Corporate News

KICO Signs Partnership with 19 Contractors Through ARSP to Boost Local Jobs

August 18, 2025August 18, 2025 Constance

Ivanhoe’s Kipushi Mine Signs Deal with 19 Firms to Create Jobs in DRC Nineteen subcontracting companies and Kipushi Corporation (KICO), a subsidiary of Ivanhoe Mines, have signed a partnership agreement aimed at generating both direct and indirect jobs in the Democratic Republic of Congo. The signing ceremony was presided over by Miguel Kashal Katemb, Director General of the Regulatory Authority for Subcontracting in the Private Sector (ARSP). The initiative fulfills a pledge made by President Félix Tshisekedi during the inauguration of the Kipushi zinc mine in November 2024. At that… Read More Here

Corporate News Battery Metals Lithium Mining in DRC

KoBold Metals to Acquire 17,000 Mining Concessions in DRC Lithium Push

August 18, 2025August 18, 2025 Constance

Backed by Gates and Bezos, KoBold Metals Targets DRC Lithium in $1B Exploration Deal KoBold Metals, a U.S.-based mining company backed by billionaires Bill Gates and Jeff Bezos, is preparing to acquire nearly 17,000 mining concessions in the Democratic Republic of Congo (DRC) as part of an ambitious large-scale exploration program. The company uses advanced artificial intelligence and data-driven technology to identify deposits of critical minerals used in electric vehicle (EV) batteries. On July 17, 2025, KoBold signed an agreement in principle with the Congolese government in a ceremony attended… Read More Here

International Corporate News Diamond

Lucapa Diamond Secures $10M Rescue Deal with Dubai’s Jemora Group

August 18, 2025August 18, 2025 Constance

Lucapa Diamond (ASX: LOM) Wins $10M Bailout from Dubai’s Jemora to Exit Administration Lucapa Diamond Company (ASX: LOM), operator of Angola’s Lulo alluvial mine and Australia’s Merlin project, has struck a rescue deal with Dubai-based Jemora Group that could bring the struggling miner out of administration. Administrators KordaMentha confirmed they have signed a deed of company arrangement with Jemora’s subsidiary, Gaston International, which has agreed to inject around A$15 million (US$10 million) into Lucapa. Under the proposal: Creditors would be paid in full. Shareholders could receive a partial payout of… Read More Here