Category: Corporate News

Zijin Cuts 2026 Copper Outlook as Kamoa-Kakula Flooding Disrupts Production in DRC Zijin Mining Group’s 2026 copper production target is under pressure following flooding at the Kamoa-Kakula copper complex in the Democratic Republic of Congo (DRC), adding to concerns over global copper supply. In its latest half-year report, Zijin said production from Kamoa-Kakula could be reduced by up to 57,000 tonnes this year as the operation continues to recover from seismic activity and flooding that disrupted underground mining. Zijin holds an attributable interest of just over 44% in the project.… Read More Here

Kamoa Copper Unveils US$16.9 Million Community Development Plan for DRC’s Mutshatsha Territory Kamoa Copper has committed US$16.855 million to five major community development projects in Mutshatsha Territory, Lualaba Province, under a new 2026–2030 social and community development agreement. The agreement was signed at the Kamoa Copper site in the presence of provincial mining authorities, the territorial administration, traditional leaders and representatives of local communities. The programme was developed through consultations between the company and communities and will guide development initiatives around the mining operation through 2030. The programme focuses on… Read More Here

South Korea Commits US$1 Billion to Glencore as US-Backed Group Targets DRC Copper Mines Competition for access to copper is intensifying as South Korea and the United States pursue different strategies to secure long-term supplies of the critical metal, with Glencore’s operations in the Democratic Republic of Congo (DRC) emerging as a key focus. South Korea is preparing to provide US$1 billion in financing to Glencore in exchange for reliable copper supplies for Korean industries. At the same time, a US-backed consortium is negotiating for a 40% interest in Glencore’s… Read More Here