Corporate News - Copperbelt Katanga Mining

FQM Projects $18M Monthly Cost to Maintain Closed Cobre Panama Mine

July 27, 2025July 27, 2025 Constance

First Quantum Sees Monthly Maintenance Costs Rise at Panama Copper Mine Canadian mining company First Quantum Minerals announced on Wednesday that it expects monthly costs related to the upkeep of its closed Cobre Panama copper mine to rise to approximately $17 million to $18 million. This increase follows Panama’s approval in May of the company’s Preservation and Safe Management (P&SM) plan, which permits First Quantum to export copper concentrate stored at the site and restart the thermoelectric power plant at the mine. Cobre Panama has been shut since 2023, after… Read More Here

Mining in Zambia Corporate News Energy Press Release

Mining Industry’s Contribution to Energy Sector Paves Way for Renewable Power Integration and Investment

July 25, 2025July 25, 2025 Constance

In order to stabilise the 330kV electricity network in Zambia’s North-Western Province, ZESCO, along with partners FQM and Barrick, is embarking on a major initiative to strengthen and modernise the region’s power infrastructure. The project, the result of a collaborative effort between ZESCO, FQM, Barrick and technical partners ADC and Zutari, is aimed at developing and implementing a robust solution for the long-term stability and reliability of the electricity network, which is crucial for supporting the expanding mining operations in the region. FQM will be implementing the first phase of… Read More Here

Mining in Zambia Corporate News New Mining Projects

FQM REPORTS Q2 RESULTS AND S3 PROJECT COMPLETION

July 24, 2025July 24, 2025 Constance

The development of First Quantum Minerals’ Kansanshi S3 expansion project in North-Western Province is nearing completion, with first copper production forecast for the second half of this year. The update comes as FQM announced its global financial and operating results for the second quarter of 2025, reporting gross profits of US$351 million for the second quarter, a 6 percent increase compared to the previous quarter, attributed to higher copper and gold prices. FQM’s total copper production worldwide for the second quarter was 91,069 tonnes, a 9 percent decrease from the… Read More Here

Mining in Zambia Corporate News

FQM Named Zambia’s Top Mining Investor at 2025 Invest Zambia Conference

July 22, 2025July 22, 2025 Constance

First Quantum Wins Zambia’s Best Mining Investor Award at 2025 Invest Zambia International Conference First Quantum Minerals (FQM) has been awarded the title of Zambia’s Best Investor in Mining – 2025 at the inaugural Invest Zambia International Conference (IZIC), held in Lusaka. The accolade acknowledges FQM’s decades-long commitment to Zambia’s mining industry and its contribution to the country’s economic transformation. Themed “Driving Generational Transformative Investments through Joint Ventures and Partnerships,” the conference brought together global investors, policymakers, and industry leaders to explore Zambia’s growing investment opportunities. Accepting the award, FQM… Read More Here

Corporate News Copper Mining in Zambia

KCM Launches Major Underground Rail Upgrade to Boost Copper Transport and Output

July 22, 2025July 22, 2025 Constance

KCM Begins $Multi-Million Underground Rail Upgrade to Double Copper Transport at Konkola Mine Konkola Copper Mines (KCM) Plc has launched a transformative underground rail rehabilitation project at its flagship Konkola mine in Chililabombwe, Zambia. The initiative aims to more than double the mine’s copper ore transport capacity—an essential step in accelerating production growth and unlocking the full potential of one of the richest copper deposits in the world. The ambitious project spans nearly 6 kilometers of underground rail and officially commenced on July 2, 2025. It was inaugurated by Vedanta… Read More Here

International Corporate News Gold

Mali Court Denies Barrick Mining’s Appeal to Release Detained Employees Amid Ongoing Dispute

July 22, 2025July 22, 2025 Constance

Mali Rejects Barrick Gold’s Appeal Over Employee Arrests as Mining Dispute Deepens A court in Mali on Tuesday rejected an appeal by Barrick Gold Corporation to release four local employees who were arrested in November 2024, according to Judge Samba Sarr. This ruling marks the latest development in a prolonged standoff between the Canadian mining giant and Mali’s military-led government over taxes and mine ownership. Barrick, which has consistently dismissed the allegations as baseless, filed an appeal to free the employees from detention. However, Judge Sarr ruled the appeal “unfounded,”… Read More Here

Mining in Zambia Copper Corporate News Sponsored Content

Into the Earth: Kansanshi’s Underground Story

July 22, 2025July 27, 2025 Constance

How a bold underground engineering project keeps Zambia’s largest copper mine from flooding. There’s no shortage of water in Zambia’s North-Western Province. The region receives an average of 1,500 millimetres of rainfall annually, often more than ten times the national average. Beyond the skies, water also bursts forth from the ground in remarkable abundance. The Kafue and Zambezi rivers originate here, along with the Lunga, Kabompo, and several other vital waterways. But in this water-rich landscape, abundance comes with its own challenges. While seasonal rainfall presents difficulties of its own,… Read More Here

Technology & Innovation Corporate News

Sandvik, Glencore expand partnership to include Newtrax collision-avoidance technology

July 22, 2025July 22, 2025 Constance

Sandvik Mining and Glencore International AG have expanded an existing partnership to include the Newtrax OEM-agnostic proximity detection and collision avoidance technology, supporting Glencore’s ambition to become a leader in safety. Under the expanded partnership, Sandvik can deliver its fully OEM-agnostic Newtrax Collision Avoidance Safety technology and the Newtrax Mining Data Platform (MDP) to complement operational safety and efficiency and continue to optimize performance across Glencore’s underground mixed fleet. Implementation of these solutions on Sandvik and third-party equipment is currently underway at Glencore’s Kamoto Copper Company operations in the Democratic… Read More Here

Mining in DRC Battery Metals Corporate News Lithium

AVZ Minerals Accuses DRC of Breaching Arbitration Order in KoBold-Manono Lithium Deal

July 21, 2025July 21, 2025 Constance

AVZ Minerals Alleges DRC Breach of Arbitration in KoBold Lithium Agreement for Manono Project Australia-based AVZ Minerals, which holds a majority stake in the contested Manono lithium project in the Democratic Republic of Congo (DRC), has accused the DRC government of violating an international arbitration order by signing a new development deal with US-backed KoBold Metals. On July 18, the DRC government announced an agreement with KoBold to jointly develop the southern section of the Manono lithium and tin deposit, one of the largest untapped sources of battery metals globally.… Read More Here

Energy Corporate News International Uranium

Deep Yellow Progresses Namibia’s Tumas Uranium Project Amid Market Rebound and FID Delay

July 21, 2025July 21, 2025 Constance

Deep Yellow Advances Tumas Project Development Despite Delayed Investment Decision ASX-listed Deep Yellow reports continued strong progress across all key aspects of development at its flagship Tumas uranium project in Namibia, including engineering, procurement, site preparation, operational planning, and financing. The company’s decision to defer the final investment decision (FID) earlier this year has been “vindicated” by the recent surge in uranium prices, according to Managing Director and CEO John Borshoff. In April, Deep Yellow postponed its FID, citing its belief that the uranium price at the time did not… Read More Here