Corporate News - Copperbelt Katanga Mining

Angola Enters Race for De Beers Stake with Pan-African Ownership Proposal

September 25, 2025September 25, 2025 Constance

Angola’s Endiama Bids for Minority Stake in De Beers, Proposing Shared African Ownership Model Angola’s state-owned diamond company, Endiama, has formally submitted a bid for a minority stake in De Beers, intensifying competition for control over the world’s largest diamond producer as parent company Anglo American prepares to sell. The Ministry of Mineral Resources confirmed that Endiama lodged a “fully financed offer.” Minister Diamantino Pedro Azevedo said the proposal aims to establish a pan-African ownership model that prevents dominance by any single country while safeguarding De Beers’ independence and competitiveness.… Read More Here

Mining in DRC Cobalt Copper Corporate News

DRC’s Chemaf Faces Closure as Global Battle for Cobalt Heats Up

September 25, 2025September 25, 2025 Constance

Chemaf Faces November Shutdown as US-China Rivalry Over Congo’s Copper and Cobalt Intensifies A copper and cobalt producer in the Democratic Republic of Congo (DRC) has warned it may halt operations in November if it cannot secure new investment, underscoring the mounting tension between the United States and China over access to critical minerals. Chemaf Resources Ltd., backed by commodities trader Trafigura Group, has been searching for a buyer for more than two years after financial difficulties stalled its flagship projects. The company, which employs about 3,000 people, said it… Read More Here

Mining in DRC Cobalt Copper Corporate News

Glencore in Talks to Sell Stake in DRC’s Kamoto Copper and Cobalt Mine

September 21, 2025September 21, 2025 Constance

Glencore in Talks to Sell Stake in DRC’s Kamoto Copper and Cobalt Mine Amid US Interest Glencore Plc has entered talks to sell a stake in its largest African copper operation, the Kamoto Copper Company (KCC) in the Democratic Republic of Congo (DRC), marking the clearest signal yet that the Swiss commodities giant may relinquish control of one of its flagship assets. KCC oversees a major copper and cobalt project long touted as central to Glencore’s growth. However, the mine has been hampered by operational setbacks, weak cobalt prices, and… Read More Here

Corporate News International

Zijin Gold Plans $3.2B Hong Kong IPO, City’s Largest Listing of 2025

September 20, 2025September 20, 2025 Constance

Zijin Gold Targets $3.2B in Hong Kong IPO to Fund Global Mine Expansion Zijin Gold International, a wholly owned subsidiary of China’s Zijin Mining, is seeking to raise HK$24.98 billion (US$3.2 billion) through an initial public offering (IPO) in Hong Kong, according to its prospectus released Friday. The deal is set to be the city’s largest listing of the year. The company will sell 349 million shares at an offer price of HK$71.59 each, giving Zijin Gold a valuation of about US$24.1 billion. Trading is scheduled to begin on the… Read More Here

Mining in DRC Corporate News Press Release

Ivanhoe Mines to Issue Kamoa-Kakula 2026 and 2027 Production Guidance Once Stage Two Dewatering Is Further Advanced

September 19, 2025September 19, 2025 Constance

Kolwezi, Democratic Republic of the Congo – Ivanhoe Mines’ (TSX: IVN) (OTCQX: IVPAF) Executive Co-Chair Robert Friedland and President and Chief Executive Officer Marna Cloete announce that following the last update made on August 25, 2025, the Stage Two dewatering of the Kakula Mine has commenced on schedule, and that Kamoa-Kakula’s 2026 and 2027 copper production guidance will now be issued once Stage Two dewatering activities are more advanced. Three out of the four Stage Two high-capacity, submersible pumps were recently installed and commissioned on schedule. Kamoa-Kakula’s engineering team expect… Read More Here

Mining in DRC Corporate News Press Release

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

September 18, 2025September 18, 2025 Constance

Doha, Qatar–(Newsfile Corp. – September 17, 2025) – Ivanhoe Mines’ (TSX: IVN) (OTCQX: IVPAF) Executive Co-Chair Robert Friedland and President and Chief Executive Officer Marna Cloete announce today a US$500 million investment from Qatar Investment Authority (QIA), the sovereign wealth fund of the State of Qatar. In accordance with the investment, Ivanhoe Mines will issue 57,516,666 common shares to QIA by way of a private placement at a price of C$12.00 per share, yielding gross proceeds to Ivanhoe of approximately US$500 million. Upon completion of the investment, QIA will own… Read More Here

International Corporate News Gold

Barrick’s Fourmile Project Poised to Become Century’s Largest Gold Discovery

September 17, 2025September 17, 2025 Constance

Barrick Mining’s Nevada Fourmile Project Could Rank Among World’s Top 10 Gold Producers Barrick Mining has positioned its Nevada Fourmile project as one of the most important gold discoveries in decades, with new studies indicating it could become a global top-tier producer and reshape the industry’s cost curve. On Tuesday, the Toronto-based miner released an updated preliminary economic assessment (PEA), highlighting Fourmile’s rare combination of grade, scale, and longevity. The report confirmed the project’s potential to qualify as a Tier 1 mine — reserved for large, low-cost, long-life operations. “Fourmile… Read More Here

International Corporate News

Vedanta to Balance Coal and Renewables in Energy Transition Strategy

September 16, 2025September 16, 2025 Constance

Vedanta to Cut Coal Dependence to 50–60% While Expanding Renewables in Mining Operations Vedanta Resources will continue to rely on coal as the backbone of its energy supply while steadily increasing the share of renewables across its mining operations, CEO Deshnee Naidoo said on Tuesday at the FT Live Energy Transition Summit India. Currently, coal accounts for nearly 70% of Vedanta’s energy mix. “Coal will be, for us in Vedanta, the baseload contributor,” Naidoo said. However, the company plans to reduce coal dependence to 50–60% over the next three to… Read More Here

International Corporate News Tin

Andrada Mining Delivers Record Tin Production in Namibia

September 16, 2025September 16, 2025 Constance

Andrada Mining Achieves Record Tin Output at Uis Mine, Boosted by New Jig Plant Aim- and OTCQB-listed Andrada Mining has announced record quarterly tin production at its Uis mine in Namibia during the second quarter of its 2026 financial year. Output rose 17% year-on-year to 453 t, supported by improved recoveries and operational efficiency. Further gains are expected following the commissioning of the company’s new jig plant. During the quarter, which ended August 31, contained tin increased 14% compared with the same period last year, reaching 273 t. The tin… Read More Here

Mining in Zambia Corporate News Energy

FQM BACKS ZAMBIA’S ENERGY AGENDA TO POWER 3 MILLION TONNES OF COPPER PRODUCTION

September 16, 2025September 16, 2025 Constance

First Quantum Minerals (FQM) is investing in Zambia’s energy infrastructure to help the nation achieve its ambitious target of 3 million tonnes of annual copper production. The company emphasised that expanding generation capacity and modernising transmission systems are essential not only for mining growth but also for powering Zambia’s broader economic development and supplying critical minerals for the global energy transition. Speaking at the 2025 Energy Forum for Africa, FQM’s Infrastructure Lead for Zambia, Jed Goldstein, highlighted the company’s dual approach: securing reliable energy for its operations while driving strategic… Read More Here