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Category: Corporate News

Glencore Reports $5.4 Billion Half-Year EBITDA Amid Lower Coal Prices and Copper Output 1 Corporate News International 

Glencore Reports $5.4 Billion Half-Year EBITDA Amid Lower Coal Prices and Copper Output

Constance
Glencore Half-Year Report 2025 — CEO Review and Financial Highlights Glencore’s Chief Executive Officer, Gary Nagle, announced that the company has made significant progress in optimising operations and positioning for long-term, value-accretive growth during the first half of 2025. A comprehensive review of Glencore’s industrial portfolio identified opportunities to streamline the operating structure, optimise departmental management and reporting, and enhance technical expertise. As part of this review, Glencore expects approximately $1 billion in recurring cost savings (against a 2024 baseline) to be fully delivered by the end of 2026, with… Read More Here
Kansanshi Mine to Ensure Steady Gold Supply to Both Royal Gold and Bank of Zambia 2 Mining in Zambia Corporate News Economy Gold 

Kansanshi Mine to Ensure Steady Gold Supply to Both Royal Gold and Bank of Zambia

Constance
Kansanshi Mine Renews Gold Supply Agreement with Bank of Zambia While Honoring $1 Billion Deal with Royal Gold Kansanshi Mining Plc, a subsidiary of First Quantum Minerals (FQM), has reaffirmed its commitment to strengthening Zambia’s gold reserves by renewing its Memorandum of Understanding (MoU) with the Bank of Zambia (BOZ) for the continued sale of gold dore. This milestone was marked by a formal signing ceremony held today, signaling the continuation of a strategic partnership that dates back to 2020. The renewal comes at a time when Kansanshi is also… Read More Here
FQM Announces $1 Billion Gold Streaming Agreement with Royal Gold 3 Mining in Zambia Corporate News Gold 

FQM Announces $1 Billion Gold Streaming Agreement with Royal Gold

Constance
First Quantum Minerals Enters $1B Gold Streaming Agreement with Royal Gold to Boost Liquidity and Maintain Copper Exposure at Kansanshi Mine First Quantum Minerals Ltd. has announced that it has entered into a gold streaming agreement (the “Agreement”) with RGLD Gold AG, a wholly owned subsidiary of Royal Gold, Inc. (“Royal Gold”), through a wholly owned Canadian subsidiary. Under the terms of the Agreement, First Quantum will receive a $1.0 billion upfront cash payment in exchange for future gold deliveries linked to copper production at the Kansanshi Mine in Zambia… Read More Here
Jubilee Metals Makes Major Strides in Zambian Copper Expansion 4 Mining in Zambia Copper Corporate News Economy 

Jubilee Metals Makes Major Strides in Zambian Copper Expansion

Constance
Jubilee Metals Reports Strong Copper Growth in Zambia, Eyes 10,000t Boost in 2026 Amid Strategic Asset Expansion Diversified metals producer Jubilee Metals has announced substantial progress across its copper operations in Zambia, marking a critical milestone in its long-term copper expansion strategy. According to CEO Leon Coetzer, all essential assets are now in place to maintain momentum and drive sustainable growth. Jubilee’s Zambian strategy draws on the company’s extensive processing experience from its South African chrome and platinum group metals (PGM) operations, which are currently in the final stages of… Read More Here
Barrick Gold Enhances Transparency with Tailings Disclosure Aligned to Global Standards 5 Uncategorized Corporate News Gold International 

Barrick Gold Enhances Transparency with Tailings Disclosure Aligned to Global Standards

Constance
Barrick Gold Reports Full Tailings Storage Disclosure in Line with Global Industry Standard on Tailings Management Barrick Gold Corporation, listed on the NYSE and TSX, has released detailed disclosures of its tailings storage facilities (TSFs) in line with the Global Industry Standard on Tailings Management (GISTM), reaffirming its commitment to safety, transparency, and environmental responsibility. The disclosures provide site-level data for all relevant TSFs that Barrick owns, operates, or has in the design phase. This initiative underscores the company’s active role in developing the GISTM and its alignment with best… Read More Here
Kansanshi Mining Earns Second Place in Zambia’s 2025 National First Aid Competition 6 Mining in Zambia Corporate News Safety & Health 

Kansanshi Mining Earns Second Place in Zambia’s 2025 National First Aid Competition

Constance
Kansanshi Mining Places Second in Zambia’s 2025 Inter-Company First Aid Competition, Showcasing Safety Excellence Kansanshi Mining PLC secured a commendable second place at the 2025 Zambia Chamber of Mines Inter-Company First Aid Competition, underscoring its steadfast commitment to workplace health and safety. The prestigious event was hosted by Mopani Copper Mines at Nkana Stadium in Kitwe under the theme “First Aid in a Digital World.” A total of 21 companies participated, showcasing advanced life-saving skills and innovative safety practices. Despite the challenge of fielding an entirely new team—per regulations requiring… Read More Here
Botswana Aims for Majority Stake in De Beers as Anglo American Prepares Exit 7 Corporate News Diamond International 

Botswana Aims for Majority Stake in De Beers as Anglo American Prepares Exit

Constance
Botswana Seeks Majority Control of De Beers Amid Anglo American’s Exit Strategy The Government of Botswana has signaled its intention to acquire a controlling stake in diamond giant De Beers, according to Mining.com, citing a report from the Financial Times. This move adds a new layer of complexity to Anglo American’s ongoing efforts to divest its ownership of the iconic diamond producer. Currently, Botswana holds a 15% stake in De Beers and owns 50% of Debswana, a joint venture with the company that handles a significant portion of De Beers’… Read More Here
Gemfields Reports $60M in Auction Revenue, Nears Completion of Second Ruby Plant 8 Gemstones Corporate News 

Gemfields Reports $60M in Auction Revenue, Nears Completion of Second Ruby Plant

Constance
Gemfields Achieves $60M in H1 Auction Revenue, Set to Launch New Ruby Plant in Mozambique Gemfields, the AIM-listed gemstone producer, has announced total auction revenues of $60 million for the six months ended June 30, 2025. As of June 30, the company reported a net debt position of $59.6 million, prior to factoring in $16.1 million in auction receivables. This figure includes proceeds from a fully underwritten $30 million rights issue completed on June 13, which involved the issuance of 556.2 million new shares. Significant operational progress is also underway.… Read More Here
Vedanta Misses Quarterly Profit Estimates Despite Revenue Growth in Aluminium and Copper 9 International Copper Corporate News 

Vedanta Misses Quarterly Profit Estimates Despite Revenue Growth in Aluminium and Copper

Constance
Vedanta Misses Profit Forecasts as Lower Aluminium and Copper Prices, Higher Taxes Weigh on Earnings Indian conglomerate Vedanta Ltd. fell short of quarterly profit expectations for the three months ending June 30, as declining aluminium and copper prices along with higher tax expenses outweighed gains from strong domestic demand. Despite reporting a 6.2% year-on-year increase in total revenue to ₹374.34 billion ($4.3 billion), Vedanta’s consolidated net profit dropped to ₹31.85 billion, down from ₹36.06 billion during the same quarter last year. Analysts polled by LSEG had expected a profit of… Read More Here
Glencore Boosts Copper-Equivalent Output by 5%, Targets $1 Billion in Cost Cuts by 2026 10 Copper Corporate News 

Glencore Boosts Copper-Equivalent Output by 5%, Targets $1 Billion in Cost Cuts by 2026

Constance
Glencore Reports 5% Rise in Copper Equivalent Output, Unveils $1 Billion in Cost-Saving Opportunities Diversified mining giant Glencore reported a 5% year-on-year increase in copper equivalent production for the six months ending June 30, 2025, driven by the integration of Elk Valley Resources’ steelmaking coal volumes. According to the Johannesburg Stock Exchange-listed company, steelmaking coal production totaled 15.7 million tonnes, with 12.7 million tonnes contributed by Elk Valley Resources in Canada. Australian steelmaking coal output fell 12% to 3 million tonnes, primarily due to a temporary suspension at Oaky Creek… Read More Here

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