Corporate News - Copperbelt Katanga Mining

Gemfields Generates $11M from Montepuez Ruby Auction Amid Rising Illegal Mining Disruptions 1

Gemfields Reports $11 Million in Revenue from Montepuez Mini Ruby Auction Amid Illegal Mining Challenges Gemfields generated $11 million in revenue from a mini-auction of rough rubies from Montepuez Ruby Mining (MRM), held via online bidding following viewings in Bangkok, Thailand, from September 29 to October 3. Of the 33 lots offered, 26 were sold, representing 62% of the total 297,449 carats available. The auction achieved an average realised price of $59.43 per carat. “This mini-auction primarily featured medium and commercial grades of secondary material from a recently developed mining… Read More Here

Fortescue Orders Record-Breaking Fleet of Green Mining Trucks from China

September 30, 2025September 30, 2025 Constance

Fortescue Signs Landmark Deal with XCMG for 200 Battery-Electric Haul Trucks to Advance Net-Zero Mining Fortescue, the global iron-ore giant, has placed China’s largest-ever export order for green mining equipment, signing a supply agreement with XCMG Machinery for 150 to 200 battery-electric haul trucks. The 240-tonne vehicles will make up nearly half of Fortescue’s future heavy-haul fleet and will be deployed at its Pilbara iron-ore operations in Western Australia. The move marks a major step toward the company’s ambitious goal of eliminating fossil fuels from all land-based operations by 2030.… Read More Here

Corporate News News in Brief Press Release

Ivanhoe Mines Closes US$500 Million Strategic Private Placement with Qatar Investment Authority

September 30, 2025September 30, 2025 Constance

Toronto, Ontario–(Newsfile Corp. – September 29, 2025) – Ivanhoe Mines Ltd. (TSX: IVN) (OTCQX: IVPAF) announces that the company has closed the private placement offering with Qatar Investment Authority (QIA), as previously announced on September 17, 2025. In accordance with the offering, Ivanhoe Mines has issued 57,516,666 common shares to QIA at a price of C$12.00 per share. Pursuant to the investor rights agreement between the company and Zijin Mining Group Co. Ltd., Zijin has exercised its right to acquire 8,004,800 common shares of Ivanhoe Mines at the same issue… Read More Here

International Corporate News

Kavango Resources Lists on VFEX, Boosting Zimbabwe’s Mining and Investment Prospects

September 30, 2025September 30, 2025 Constance

Kavango Resources Joins Victoria Falls Stock Exchange, Driving Investor Confidence in Zimbabwe’s Mining Sector Metals exploration and gold production company Kavango Resources has officially listed on the Victoria Falls Stock Exchange (VFEX) in Zimbabwe, becoming the 17th company to join the exchange, which is celebrating its fifth year of operation. Speaking at the listing ceremony on September 26, VFEX chairperson and nonexecutive director Caroline Sandura highlighted that Kavango’s entry marked a new chapter in building a modern, competitive financial marketplace in Zimbabwe. She noted that the market had already shown… Read More Here

International Corporate News Gold

Japan Gold and Barrick Mining End Strategic Alliance After Five Years of Exploration

September 29, 2025September 29, 2025 Constance

Japan Gold Ends Partnership with Barrick Mining After C$23 Million Investment and Plans New Exploration Strategy The strategic alliance between Japan Gold (TSXV: JG) and Barrick Mining (TSX: ABX, NYSE: GOLD) will officially end on October 31, 2025, after more than five years of collaboration and C$23 million (US$17 million) in exploration spending. Announced by Vancouver-based Japan Gold, the decision to terminate the partnership was mutual. Established in February 2020, the alliance aimed to explore, develop, and mine mineral properties in Japan with the potential to host Tier 1 or… Read More Here

International Corporate News Gold Mining Personality

Barrick Announces Leadership Transition

September 29, 2025September 29, 2025 Constance

Mark Hill Appointed Group COO and Interim President & CEO Search Underway to Identify Successor President & CEO TORONTO – Barrick Mining Corporation (NYSE:B)(TSX:ABX) (“Barrick” or the “Company”) today announced that the Company’s Board of Directors (the “Board”) has appointed Mark Hill as Group COO and Interim President and Chief Executive Officer, effective immediately, following the departure of Mark Bristow. Mark Hill, who is currently responsible for Barrick’s Latam and Asia Pacific regions, is a seasoned mining executive with 30 years of experience. He joined Barrick in 2006 and has… Read More Here

Mining in Zambia Copper Corporate News

Mopani Copper Mine Accelerates Production with Ambitious Year-End Target

September 29, 2025September 29, 2025 Constance

Mopani Copper Mine to Produce Over 70,000 Metric Tonnes of Copper in 2025 as Zambia’s Mining Sector Gains Momentum Mopani Copper Mine has announced an ambitious production target of more than 70,000 metric tonnes of copper by the end of 2025, signaling a robust recovery and expansion in Zambia’s copper industry. This goal comes as global demand for copper surges, driven by the energy transition, electrification, and growing demand for renewable energy technologies. Chief Executive Officer Charles Sakanya confirmed that production at Mopani is steadily increasing, supported by strategic measures… Read More Here

International Corporate News

Zijin Mining Becomes World’s Third-Largest Mining Company with $103 Billion Valuation

September 28, 2025September 28, 2025 Constance

Zijin Mining Surpasses $100 Billion Market Cap to Become Third-Largest Global Miner in 2025 China’s Zijin Mining Group (HKG: 2899) has achieved a historic milestone, becoming the world’s third-largest mining company by market value after surpassing $100 billion for the first time at Thursday’s close. This achievement places Zijin alongside global industry leaders BHP (ASX: BHP) and Rio Tinto (ASX: RIO), which closed Thursday with market capitalizations of A$212 billion ($140 billion) and A$169 billion ($111 billion) respectively. On Thursday, Zijin’s Shanghai-listed shares hit a record high, lifting its market… Read More Here

Corporate News Gemstones

Gemfields Reports Short-Term Cash Flow Challenges Amid Operational Disruptions

September 26, 2025September 26, 2025 Constance

Gemfields Interim Trading Update: Lower Revenues, Operational Challenges, and Strategic Moves to Boost Liquidity Gemfields has issued a trading update ahead of its interim results scheduled for September 26, following its operational update for the six months ended June 30 released in July. CEO Sean Gilbertson attributed the performance to several temporary challenges that resulted in short-term cash flow pressures. “Gemstone production proved challenging during the period at both of our mines,” Gilbertson stated. “Montepuez Ruby Mining (MRM) saw a decline in premium ruby output, while Kagem Mining suspended mining… Read More Here

Mining in Zambia Corporate News Uranium

GoviEx Uranium Files Key Environmental Report for Muntanga Project in Zambia

September 26, 2025September 26, 2025 Constance

GoviEx Uranium Advances Muntanga Project with Environmental Report Filing in Zambia TSX-V-listed GoviEx Uranium has formally submitted the Environmental and Social Impact Assessment (ESIA) report for its Muntanga uranium project in Zambia to the Zambia Environmental Management Agency (ZEMA). This follows an earlier draft ESIA submission earlier this year, which ZEMA reviewed without raising objections and subsequently requested GoviEx to proceed with the final filing. A Crucial Step in Project Development Prepared in compliance with Zambian regulations and international best practices, the ESIA is a fundamental requirement for securing an… Read More Here