Corporate News - Copperbelt Katanga Mining

Barrick Gold Highlights Africa as Core Growth Driver with Record Output from Kibali and Lumwana 1

Barrick Hails Africa as Key Cash Generator, Showcasing Growth Across Gold and Copper Operations Africa remains a cornerstone of Barrick Gold’s portfolio, with the continent delivering some of the strongest cash flows for the company in the second quarter of 2025. CEO Mark Bristow praised the region’s performance, noting higher production, improved unit costs, and progress on multiple strategic growth projects. Barrick’s flagship Kibali gold mine in the Democratic Republic of Congo (DRC) delivered another strong quarter. Operated by Barrick and jointly owned with AngloGold Ashanti (45% each) and Société… Read More Here

Uncategorized Corporate News Mining in DRC Tin

Alphamin Resources Boosts Earnings as Tin Sales Surge

August 14, 2025August 14, 2025 Constance

Alphamin Resources Q2 Earnings Jump 21% to $75M as Tin Sales Climb, $65M Dividend Announced JSE-listed Alphamin Resources has reported a 21% quarter-on-quarter increase in EBITDA to $75 million for the second quarter ended June 30, 2025, driven primarily by higher tin sales. Operations at the company’s Bisie tin mine in the Democratic Republic of Congo were temporarily halted earlier this year due to security concerns over insurgent activity near surrounding communities. The shutdown disrupted both production and sales before operations resumed in mid-April. Bisie produced 4,106 tonnes of contained… Read More Here

Gold Corporate News International

Barrick Faces $1.04B Charge After Mali Seizes Loulo-Gounkoto Mine

August 14, 2025August 14, 2025 Constance

Barrick Gold Posts $1.04B Loss on Mali Mine Seizure Despite Strong Gold Price Rally Barrick Mining Corp. shares fell in pre-market trading Monday after the Canadian miner reported a $1.04 billion net charge linked to the seizure of its Loulo-Gounkoto gold complex by Mali’s military-led government. The charge reflects the “deconsolidation” of the mine following a change of control, according to Barrick’s second-quarter earnings report. The loss was partly offset by a $745 million gain from selling its 50% stake in the Donlin Gold project in Alaska. Tensions in Mali… Read More Here

Corporate News Gold International

Barrick CEO Downplays U.S. Tariff Impact, Denies Reko Diq Mediation

August 14, 2025August 14, 2025 Constance

Barrick Gold CEO Says U.S. Tariffs Would Have Minimal Impact, Denies Mediating Saudi-Pakistan Reko Diq Talks Barrick Gold CEO Mark Bristow said on Monday that the World Gold Council is awaiting clarity from the United States on potential tariffs for gold bars. He emphasized, however, that any such tariffs would have minimal impact on mining companies, as they operate as “price takers” in the market. Speaking to Reuters, Bristow also clarified that Barrick is not acting as an intermediary between Saudi Arabia and Pakistan in relation to the Reko Diq… Read More Here

Exploration Corporate News Sponsored Content

Sound exploration – the bedrock of every mining project

August 11, 2025August 11, 2025 Constance

Whether the purpose is to assess the value of an acquisition target or to decide on advancing a project to its next stage, a due diligence study on the exploration work conducted is a vital risk mitigation measure. “The orebody and its geological setting form the foundation of a mineral project’s value, so the project champions and other stakeholders need to have the utmost confidence in the reliability of the exploration results,” says Marcin Wertz, partner and principal mining engineer at SRK Consulting (South Africa). “It might be possible to… Read More Here

Mining in DRC Copper Corporate News

KCC Denies Reports of Selling Three Artisanal Mining Sites in Lualaba Province

August 10, 2025August 10, 2025 Constance

Kamoto Copper Company Refutes Claims of Selling Lualaba Artisanal Mining Sites In a press release issued on Thursday, August 7, 2025, Kamoto Copper Company (KCC) firmly denied allegations that it intends to sell its three artisanal mining sites in Lualaba Province. “KCC has made no such commitment,” the company stated, underscoring its importance as an employer, community partner, and taxpayer in the province. “We intend to continue playing our role to the fullest by operating all of our mining permits,” the statement added. KCC clarified that during the renewal of… Read More Here

Mining in DRC Corporate News

DRC Lawmakers Inspect MMG Kinsevere Mine to Review Community and Environmental Compliance

August 10, 2025August 10, 2025 Constance

DRC Parliament Oversight Mission Evaluates MMG Kinsevere Mining Operations and Community Projects A delegation of national deputies from the Standing Committee on Environment, Tourism, Natural Resources, and Sustainable Development of the National Assembly conducted an inspection visit on Thursday last week to the Kinsevere mining site in Lualaba Province, operated by MMG. The visit was part of a broader oversight mission to monitor mining sites across Lualaba and Haut-Katanga. Led by Honorable Bokele Djema Adrien, the eleven-member parliamentary team assessed the company’s compliance with its legal obligations under the Mining… Read More Here

Mining in Zambia Copper Corporate News

FQM Kansanshi Develops New Grievance Management Procedure to Boost Transparency and Community Trust

August 10, 2025August 10, 2025 Constance

First Quantum’s Kansanshi Mine Launches Public Process to Create Inclusive Grievance Mechanism in Zambia First Quantum Minerals’ (FQM) Kansanshi Mining PLC has launched a public consultative process to develop a new Grievance Management Procedure, aimed at improving transparency, accountability, and community engagement. The initiative seeks to establish a comprehensive framework for receiving, assessing, and resolving concerns from both internal and external stakeholders in a transparent, fair, and timely manner, with active community participation. North-Western Province Deputy Permanent Secretary, Luckson Mulumbi, praised Kansanshi Mining PLC for taking a proactive step toward… Read More Here

Mining in Zambia Copper Corporate News Economy

KCM Applauds Presidential Support for KDMP, Targets 300,000 Tonnes of Copper by 2031

August 10, 2025August 10, 2025 Constance

Konkola Copper Mines Sets Sights on 300,000-Tonne Annual Output by 2031 with KDMP Boost Konkola Copper Mines (KCM) has welcomed the directive from His Excellency, Republican President Hakainde Hichilema, to maintain and accelerate progress on the Konkola Deep Mining Project (KDMP), with the ambitious goal of achieving an annual copper production capacity of 300,000 tonnes by 2031. President Hichilema made these remarks during his visit to the KCM exhibition stand at the 2025 Agricultural and Commercial Show in Lusaka, held from July 30 to August 4, 2025. He commended KCM’s… Read More Here

Mining in Zambia Corporate News Governance

Bank of Zambia Delegation Visits FQM Trident Commends Responsible Mining Practices

August 9, 2025August 9, 2025 Constance

Bank of Zambia Praises FQM Trident for Driving Jobs, Sustainable Mining, and Economic Growth A high-level delegation from the Bank of Zambia, led by Governor Dr. Denny Kalyalya and Deputy Governor Dr. Francis Chipimo, has visited First Quantum Minerals’ (FQM) Trident operation in Kalumbila, underscoring the critical role responsible mining plays in Zambia’s economic development. Hosted by Trident General Manager Scott Whitehead and Assistant General Manager Frederic Wouters, the visit brought together senior directors and staff from the central bank. The delegation toured Trident’s advanced mining facilities, which directly employ… Read More Here