Corporate News - Copperbelt Katanga Mining

Mali Seizes Over $100M in Gold from Barrick Amid Political Power Grab and Mounting Instability 1

Mali Confiscates $117M in Barrick Gold Days After Junta Leader Extends Indefinite Rule Mali’s military government has seized more than a ton of gold from Canadian mining giant Barrick, just days after junta leader Colonel Assimi Goïta signed a controversial law granting himself an indefinite presidential mandate. According to a statement from Toronto-based Barrick Gold, state helicopters arrived “unannounced” and removed approximately 35,000 ounces of bullion—worth about $117 million, based on Friday’s gold price of $3,324 per ounce. The company said the gold was potentially taken for sale by Mali’s… Read More Here

Copper Corporate News International

Rio Tinto Eyes U.S. Copper Expansion Amid Tariff Push and Energy Transition

July 15, 2025July 15, 2025 Constance

Rio Tinto Signals Major U.S. Copper Investment Plans Amid Trump Tariff Proposal Rio Tinto has signaled a strong interest in expanding its copper operations in the United States, following former President Donald Trump’s proposed 50% tariffs on imported copper. The move is intended to bolster domestic production of critical materials essential for manufacturing and clean energy infrastructure. “There is increasing recognition by the U.S. government of the need for domestic sources of copper and other critical materials to support manufacturing and to power the country’s energy future,” said Katie Jackson,… Read More Here

Corporate News International Partnership

BHP Accelerates Electrification with New Battery Technology Partnerships in China

July 15, 2025July 15, 2025 Constance

BHP Partners with CATL and BYD’s FinDreams to Accelerate Battery-Powered Mining and Cut Emissions Global mining giant BHP is ramping up its electrification strategy through preliminary agreements with two leading Chinese battery manufacturers. These initiatives aim to integrate advanced battery technologies across BHP’s worldwide operations. On Monday, the Melbourne-based company announced the signing of two memoranda of understanding (MoUs): one with Contemporary Amperex Technology Co. Limited (CATL), and the other with FinDreams Battery (FDB), a subsidiary of the BYD Group. Under its agreement with CATL, BHP will explore the development… Read More Here

Mining in DRC Copper Corporate News

Trafigura Secures Copper Anodes in $200M Prepayment Deal with Ivanhoe Mines

July 13, 2025July 13, 2025 Constance

Trafigura Pays $200M for Congo Copper in Ivanhoe Smelter Deal Amid Tightening Global Supplyy Trafigura Group has agreed to pay $200 million in a prepayment deal to secure copper anodes from Ivanhoe Mines’ new smelter in the Democratic Republic of Congo (DRC), which is expected to begin operations in September. The agreement, finalized in June, was announced by Ivanhoe in a statement on Tuesday. The deal highlights the growing trend of global commodity trading firms — including Mercuria and Vitol — offering upfront financing to lock in future supplies of… Read More Here

Transport and Logistics Corporate News International

Liberia Signs $1.8 Billion Deal with Ivanhoe Atlantic to Revamp Railway for Guinea Iron Ore Exports

July 13, 2025July 13, 2025 Constance

Liberia, Ivanhoe Atlantic Ink $1.8B Railway Deal to Export Guinea Iron Ore via Revamped Corridor The Government of Liberia has signed a $1.8 billion infrastructure agreement with U.S.-based Ivanhoe Atlantic Inc., enabling the mining company to rehabilitate and utilize Liberia’s railway network for transporting iron ore from neighboring Guinea to export markets. The U.S. Embassy in Liberia described the deal as “a crucial step” in advancing President Joseph Boakai’s agenda to implement a multi-user rail policy and attract foreign direct investment. “This agreement supports President Boakai’s vision of opening Liberia’s… Read More Here

Mining in Zambia Corporate News

Jubilee Metals Appoints Shard Capital as Joint Broker Amid Strategic Pivot to Zambia

July 13, 2025July 13, 2025 Constance

Jubilee Metals Names Shard Capital as Joint Broker, Advances $90M Asset Sale in South Africa Diversified metals producer Jubilee Metals Group has appointed Shard Capital Partners as its joint broker with immediate effect, replacing RBC Capital Markets. Shard Capital will now work alongside Zeus Capital to support Jubilee’s capital markets activities and investor relations. The appointment marks a renewed collaboration, as the two companies have maintained a longstanding relationship. The change in brokerage support comes as Jubilee sharpens its strategic focus on Zambia, shifting away from its South African chrome… Read More Here

Mining in Zambia Corporate News Energy

CEC to Add Over 800 MW of Solar Power to Zambia’s Grid by 2027 Amid Hydropower Shortfalls

July 13, 2025July 13, 2025 Constance

Zambia’s CEC Targets 800+ MW Solar Expansion by 2027 to Offset Hydropower Deficit Zambia’s Copperbelt Energy Corporation (CEC) plans to add more than 800 MW of solar energy to the national grid by the end of 2027, significantly expanding the country’s renewable energy portfolio. This initiative supports Zambia’s national goal to diversify its energy mix and address hydropower shortfalls caused by climate change. Historically, Zambia has relied heavily on hydropower, particularly from the Kariba Dam. Under normal conditions, the country’s share of generation from the dam is around 3 GW,… Read More Here

Mining in Zambia Copper Corporate News Economy

Barrick CEO Reaffirms Long-Term Copper Optimism Despite U.S. Tariff Shock

July 13, 2025July 13, 2025 Constance

Barrick CEO Says Copper Demand Will Outpace Supply Despite U.S. Tariff Volatility Copper miners remain confident in the metal’s long-term prospects, despite the short-term price turbulence caused by the United States’ newly announced 50% tariff on imported copper, according to Barrick Gold CEO Mark Bristow. Speaking in Lusaka, Zambia—where Barrick is significantly expanding its copper operations—Bristow emphasized that the underlying fundamentals for copper remain strong, even as geopolitical decisions create short-term uncertainty. On Wednesday, U.S. President Donald Trump announced a new 50% tariff on copper imports, effective August 1, citing… Read More Here

Mining in Zambia Copper Corporate News

FQM’s Stake in Prospect Resources set to Extend Sentinel Mine and Drive Zambia’s Copper Growth

July 13, 2025July 13, 2025 Constance

FQM Targets Sentinel Mine Life Extension Through Strategic Investment in Mumbezhi Copper Project First Quantum Minerals’ (FQM) recent strategic investment in Prospect Resources could significantly extend the life of its flagship Sentinel copper mine in Zambia, according to FQM Country Director Anthony Mukutuma. In April, the Canada-based mining giant acquired a 15% stake in Prospect Resources, becoming the largest shareholder in the Australia-listed exploration company. This move marks a key step in strengthening FQM’s copper resource base in Zambia. READ ALSO:FQM Invests in Prospect Resources to Advance Mumbezhi Copper Project… Read More Here

Mining in Zambia Copper Corporate News

Barrick’s $2B Lumwana Expansion to Double Copper Output and Drive Sustainable Growth in Zambia

July 13, 2025July 13, 2025 Constance

Barrick’s $2 Billion Lumwana Mine Expansion Set to Double Copper Output and Boost Zambia’s Economy Construction of the $2-billion expansion at Barrick Gold Corporation’s Lumwana copper mine in Zambia is well underway, marking a pivotal step in its transformation into a world-class Tier 1 copper operation. The project is being spearheaded by the NYSE- and TSX-listed mining giant and is set to significantly increase output and economic impact. During a recent visit to Lusaka, Barrick president and CEO Mark Bristow highlighted how the expansion builds on a remarkable turnaround that… Read More Here