Corporate News - Copperbelt Katanga Mining

Zambian Court Adds State Miner to Lawsuit Over Mopani Copper Sale

June 27, 2025June 27, 2025 Constance

A Zambian court has added the state-owned mining company, ZCCM Investments Holdings Plc, to a lawsuit filed by an opposition lawmaker challenging the recent sale of Mopani Copper Mines. According to a regulatory statement issued Thursday, ZCCM was joined to the case on June 20, 2025. The case centers on a transaction finalized in 2024, which transferred control of Mopani to a new investor. Miles Sampa, a former Deputy Minister of Commerce and current opposition Member of Parliament, argues that the sale constitutes the disposal of a major state asset.… Read More Here

International Copper Corporate News New Mining Projects

Ivanhoe Electric Advances Streamlined Copper Project Toward 2028 Production

June 27, 2025June 27, 2025 Constance

Working in close collaboration with expert industry consultants, our team has developed a highly optimized underground mine plan and a simplified heap-leach processing design. The result is a project with low upfront capital requirements, reduced operating costs per unit, and high copper recovery rates. Located on private land, the project benefits from a more efficient permitting process. Ivanhoe Electric aims to begin copper production by 2028. Financing efforts are already underway, bolstered by a letter of interest from the U.S. Export-Import Bank, which could provide up to $825 million in… Read More Here

International Corporate News Gold

Mali Appoints Temporary Administrator to Restart Operations at Barrick’s Loulo-Gounkoto Mine Amid Dispute

June 27, 2025June 27, 2025 Constance

The Malian government has announced that a temporary administrator will resume production at Barrick Gold Corporation’s Loulo-Gounkoto mining complex, following a sharp escalation in tensions between the Canadian mining giant and the West African nation’s military-led government. The mine, one of Barrick’s most valuable assets, was placed under provisional administration earlier this month. On June 16, a court in Bamako ruled that the state could assume control of the mine’s management for six months. Barrick subsequently suspended operations after Malian authorities blocked gold exports and detained senior company staff. “The… Read More Here

Mining in DRC Corporate News

Glencore Reaffirms Commitment to Human Rights and Tackles Child Labor in the DRC

June 26, 2025June 30, 2025 Constance

In a press release issued earlier this week, Anglo-Swiss commodities giant Glencore reaffirmed its commitment to the United Nations Guiding Principles on Business and Human Rights. The company also reiterated its support for the Universal Declaration of Human Rights and the International Labour Organization’s (ILO) Declaration on Fundamental Principles and Rights at Work. This commitment is reflected in Glencore’s community initiatives in Kolwezi, located in Lualaba Province, Democratic Republic of Congo (DRC), where the company is working to improve access to quality education for local children. “Glencore takes a zero-tolerance… Read More Here

Lithium Battery Metals Corporate News Mining in DRC

AVZ Minerals Resumes Arbitration Against DRC Over Manono Lithium Permit

June 26, 2025June 26, 2025 Constance

AVZ Minerals Limited (AVZ or the Company) has confirmed the resumption of arbitration proceedings before the International Centre for Settlement of Investment Disputes (ICSID). The proceedings were initiated by the Company’s subsidiaries—AVZ International Pty Ltd (AVZI), Green Lithium Holdings Pte Ltd (GLH), and Dathcom Mining SA (Dathcom)—against the Democratic Republic of Congo (DRC). The dispute centers on the DRC’s failure to grant a mining exploitation permit (Permis d’Exploitation or PE) to Dathcom for the area covered under Permit PR 13359 (ICSID Case No. ARB/23/20). As previously announced on 26 May… Read More Here

Mining in Zambia Corporate News Mining safety News in Brief

FQM Suspends Operations After Fatal Accident at Zambia’s Sentinel Mine

June 24, 2025June 30, 2025 Constance

First Quantum Minerals announced on Monday that it has temporarily suspended operations in the area of a fatal accident at its Trident project in Zambia, following the death of an employee. The Canadian mining company stated that the incident involved a dump truck at the Sentinel copper mine, one of its key assets in the region. Operations in the affected area will remain halted until it is deemed safe to resume, according to a company statement. Local authorities have been notified, and First Quantum has initiated an internal investigation into… Read More Here

Diamond Corporate News Mining in DRC

SACIM Faces Crisis Amid Marketing Restrictions and Financial Strain

June 24, 2025June 24, 2025 Constance

The 48th Ordinary Meeting of the Council of Ministers, held on Friday, June 20, 2025, in Kinshasa, reviewed a report from the Minister of Mines evaluating the operational, managerial, and social conditions of the Anhui Congo Mining Investment Company (SACIM). The report also outlined supervisory measures aimed at reviving the struggling diamond mining firm. SACIM, located in Miabi in the Kasai Oriental province, is facing a severe crisis threatening its viability, despite maintaining a monthly diamond production of approximately 250,000 carats. The company’s difficulties are largely attributed to outdated regulatory… Read More Here

International Corporate News

Glencore Seeks Govt Support to Avert Mount Isa Smelter Closure

June 24, 2025June 24, 2025 Constance

Glencore (LON: GLEN) has deemed its Mount Isa copper smelter economically unviable and is awaiting responses from both the Australian federal and Queensland state governments regarding requests for financial assistance to continue operations. The Swiss mining and commodities giant cited “unprecedented smelting market conditions,” along with high energy, gas, and labour costs, and a shortage of copper concentrates as key factors undermining the facility’s sustainability. The company initially announced the planned closure of its Mount Isa copper mines and related operations in October 2023. At that time, Glencore stated that… Read More Here

Mining Personality Corporate News

Ivanhoe Mines Announces Results of Voting for The Election of Directors

June 22, 2025June 22, 2025 Constance

Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) announced the results of voting by shareholders for the election of the Board of Directors during the company’s Annual General Meeting held last week. Ivanhoe Mines Founder & Executive Co-Chairman Robert Friedland and President & Chief Executive Officer Marna Cloete are also pleased to announce the appointment of Ms. Iman Naguib as an Independent Director to the company’s Board of Directors, effective immediately. This appointment further strengthens Ivanhoe’s commitment to building an experienced, diverse, and world-class Board as the company continues its growth as a… Read More Here

Mining in Zambia Corporate News Energy

CEC Urges New Financing Models and Partnerships to Power Africa’s Energy Future

June 20, 2025June 20, 2025 Constance

Copperbelt Energy Corporation PLC (CEC) has called for strategic partnerships and innovative financing mechanisms to accelerate energy infrastructure development across Africa, cautioning that traditional risk models are no longer adequate to meet the continent’s growing power needs. Speaking at the 2025 Africa Energy Forum (AEF) in Cape Town, South Africa, CEC Chief Financial Officer Mutale Mukuka stressed the importance of cross-sector collaboration. He emphasized that sustainable progress in Africa’s energy sector hinges on deeper cooperation among governments, utilities, financiers, Engineering, Procurement and Construction (EPC) contractors, and local communities. “Governments alone… Read More Here