Corporate News - Copperbelt Katanga Mining

Jinchuan Probe Flags Suspected Financial Misconduct at Congo Mining Unit

May 27, 2026May 27, 2026 Constance0 comment

Jinchuan Investigates Alleged $145 Million Irregular Payments at DRC’s Copper-Cobalt Mine Jinchuan Group International Resources Co says an independent investigation has identified approximately $145 million in suspected irregular payments linked to its copper and cobalt operations in the Democratic Republic of Congo. The investigation focused on Ruashi Mine, where the company said former local employees may have exploited weak procurement and payment controls between 2019 and 2024 through questionable supplier transactions, cash payments, and disputed invoices. In a filing released late Friday, Jinchuan said investigators reviewed financial transactions during a… Read More Here

Mining in Zambia Copper Corporate News Economy Taxes

FQM Contributes $3.46 Billion to Zambia’s Economy in 2025

May 25, 2026May 25, 2026 Constance0 comment

First Quantum Minerals Reports $3.46 Billion Economic Contribution to Zambia Through Taxes, Jobs and Procurement in 2025 Canadian mining company First Quantum Minerals has reported a total economic contribution of approximately $3.46 billion to Zambia in 2025, according to its latest Tax Transparency and Economic Contributions Report. The report highlights the company’s significant role in the Zambian economy through taxation, employment, procurement, and community investment activities across its mining operations. During the year, First Quantum Minerals employed more than 12,000 people in Zambia and engaged over 11,500 contractors, while also… Read More Here

Copper Corporate News Mining in Zambia

KCM Restarts Chingola “B” Mine After 18-Year Shutdown in Major Zambia Copper Expansion Push

May 23, 2026May 23, 2026 Constance0 comment

Konkola Copper Mines Restarts Chingola B Mine After 18 Years as Zambia Targets 3 Million Ton Copper Output by 2031 Konkola Copper Mines (KCM) has resumed mining operations at its Chingola “B” Mine, marking the restart of activity after 18 years of closure. The move forms part of Zambia’s broader strategy to significantly scale up copper production as the country targets more than 3 million tonnes of annual output by 2031. The Chingola B Mine is located within the larger Nchanga mining complex and is expected to play a key… Read More Here

International Corporate News

Trafigura Withdraws Major Copper Volumes from LME as Global Arbitrage Drives US and China Demand

May 23, 2026May 23, 2026 Constance0 comment

Trafigura Pulls 51,000 Tons of Copper from LME Warehouses as US–China Price Gap Sparks Record Arbitrage Trade Global commodities trader Trafigura Group has initiated the withdrawal of hundreds of millions of dollars’ worth of copper from London Metal Exchange (LME) warehouses, capitalising on widening price disparities between markets in the United States, China, and Europe. According to market participants familiar with the transactions, Trafigura was the principal party behind orders to remove more than 51,000 tonnes of copper from LME storage facilities across the US and Asia on Friday. The… Read More Here

Mining in DRC Copper Corporate News

KCC Inaugurates One-Stop Shop and Customs Office to Modernise Mining Administration in the DRC

May 23, 2026May 23, 2026 Constance0 comment

Kamoto Copper Company Launches One-Stop Customs Facility to Streamline Mining Operations in the Democratic Republic of Congo On 19 May, Kamoto Copper Company (KCC), a joint venture between Glencore, Gécamines, and the Government of the Democratic Republic of Congo, officially inaugurated a new one-stop shop and customs office aimed at modernising and streamlining administrative processes in the country’s mining sector. The launch event brought together government officials, technical institutions, and industry stakeholders, underscoring growing efforts to improve transparency, efficiency, and governance within the Democratic Republic of Congo’s (DRC) mining industry.… Read More Here

Gemstones Corporate News News in Brief

Gemfields Emerald Auction Raises $26.8 Million Amid Cautious Global Market

May 22, 2026May 22, 2026 Constance0 comment

Gemfields Generates $26.8 Million from Zambia Emerald Auction Despite Global Economic Uncertainty Johannesburg- and London-listed gemstone miner Gemfields has reported revenue of $26.8 million from its latest auction of higher-quality rough emeralds sourced from the company’s 75%-owned Kagem Mine in Zambia. The auction, held between May 4 and May 21, saw strong participation, with 36 of the 37 lots offered successfully sold. Out of 185,135 carats made available, 183,385 carats were purchased. Gemfields achieved an average realised price of $146.08 per carat during the auction. According to Gemfields Product and… Read More Here

International Copper Corporate News Economy

FQM Highlights $3.5 Billion Economic Loss From Cobre Panamá Suspension

May 20, 2026May 20, 2026 Constance0 comment

Cobre Panamá Mine Closure Costs Panama Billions, First Quantum Says First Quantum Minerals (TSX: FM) says the suspension of its Cobre Panamá copper mine has cost Panama an estimated $3.5 billion in lost economic contribution over the past two years, highlighting the growing financial impact of the prolonged shutdown. In its 2025 Tax Transparency and Economic Contributions Report, the Canadian mining company said it contributed $4.1 billion across its operating jurisdictions last year, bringing its total direct economic contribution to governments over the past eight years to $9.6 billion. Zambia… Read More Here

International Copper Corporate News New Mining Projects

Ivanhoe Electric to Deploy Advanced Tunnel Boring Machine at Arizona Copper Project

May 15, 2026May 15, 2026 Constance0 comment

Ivanhoe Electric invests $64.7m in tunnel boring technology for Santa Cruz copper project development in Arizona US minerals exploration company Ivanhoe Electric plans to acquire a purpose-built Crossover XRE tunnel boring machine (TBM) and integrated materials handling system for development of the Santa Cruz copper project in Arizona, at a cost of approximately $64.7 million. The equipment will be supplied by US tunnelling technology company The Robbins Company, which recently repurchased the machine from Anglo American. The TBM was previously used at Anglo American’s Grosvenor coal mine in Queensland, Australia,… Read More Here

Mining in DRC Battery Metals Cobalt Corporate News

EGC, EVelution Energy and Trafigura Sign MoU to Secure Congolese Cobalt Supply Chain to the US

May 15, 2026May 15, 2026 Constance0 comment

Trafigura, EGC and EVelution Energy agree cobalt supply deal to boost US battery and defense material supply chain Entreprise Générale du Cobalt (EGC), EVelution Energy, and commodity trader Trafigura have signed a memorandum of understanding (MoU) to establish a long-term supply framework for Congolese cobalt hydroxide exports to the United States. Under the proposed arrangement, and subject to definitive agreements, the partnership is expected to support EVelution Energy in supplying up to around 40% of projected US cobalt demand, according to Trafigura. The cobalt hydroxide would be sourced by EGC… Read More Here

International Corporate News Mining Personality

Rio Tinto Appoints BP Executive Trudi Charles as Chief Legal, Governance and Corporate Affairs Officer

May 15, 2026May 15, 2026 Constance0 comment

Rio Tinto names Trudi Charles from BP as new chief legal officer to strengthen governance and corporate affairs leadership Diversified mining group Rio Tinto has appointed Trudi Charles as its new Chief Legal, Governance and Corporate Affairs Officer, succeeding Isabelle Deschamps. The appointment will take effect on August 1. Charles joins Rio Tinto from energy major BP, where she currently serves as Deputy General Counsel and Senior Vice President for Legal, Supply, Trading and Shipping. She has spent more than two decades at BP, holding a range of senior legal… Read More Here