Corporate News - Copperbelt Katanga Mining

Glencore Initiates Retrenchment Process at South African Ferrochrome and Vanadium Operations 1

Glencore, Merafe Begin Retrenchment at Rustenburg Smelters as Power Costs Hit South Africa’s Ferrochrome Sector Glencore confirmed on Monday that a retrenchment process has begun at its joint-venture Rustenburg ferrochrome smelter and vanadium operations in South Africa, citing sustained economic pressures on the business. South Africa holds around 80% of the world’s known chrome ore reserves, according to Glencore, giving the country a dominant role in global ferrochrome production. However, persistent power shortages, rising electricity tariffs, and broader economic challenges have weighed heavily on the industry. In May, Glencore and… Read More Here

Zijin Mining Plans $3 Billion Hong Kong IPO for Gold Unit Amid Record Prices

September 4, 2025September 4, 2025 Constance

China’s Zijin Mining Eyes $3B Hong Kong IPO for Gold Unit as Prices Near Record Highs China’s Zijin Mining Group is preparing to list its international gold-mining subsidiary, Zijin Gold International, in Hong Kong in an initial public offering (IPO) that could raise more than $3 billion, according to sources familiar with the matter. If completed, the deal would rank as the second-largest IPO globally in 2025. The final size and timing of the IPO are still under discussion, though the listing could launch as early as this month. Investor… Read More Here

International Copper Corporate News Mergers & Acquisitions

Austral Resources Secures Glencore Funding and Offtake Deal to Finalize Rocklands Copper Acquisition

September 4, 2025September 4, 2025 Constance

Austral Resources and Glencore Ink $15m Deal to Advance Rocklands Copper Project in Queensland ASX-listed Austral Resources Australia has signed binding agreements with Glencore, securing funding, offtake, and tolling arrangements that pave the way for its acquisition of the Rocklands copper project in Queensland. The deal package includes a $15 million loan facility, a copper concentrate offtake agreement, and a tolling agreement to maximize the use of Rocklands’ processing plant. Together, these agreements enable Austral to meet the final conditions required for its purchase of Copper Resources Australia (CRA), the… Read More Here

Mining in DRC Corporate News Lithium New Mining Projects

CAMI officially presents seven digital research certificates to the American company Kobold Metals

September 3, 2025September 3, 2025 Constance

CAMI Officially Issues Seven Digital Research Certificates to Kobold Metals in DRC The Mining Registry of the Democratic Republic of Congo (DRC) has officially granted seven digitalized research certificates to U.S.-based Kobold Metals, marking a new milestone in the strategic partnership between the two nations. The certificates were presented on Tuesday, September 2, 2025, in Kinshasa during a ceremony attended by Minister of Mines Louis Watum Kabamba. The initiative reflects the shared ambition of the DRC and the United States to strengthen economic ties through responsible and innovative development of… Read More Here

International Copper Corporate News

Teck Resources Delays Expansion Plans to Resolve Output Challenges at Quebrada Blanca Mine in Chile

September 3, 2025September 3, 2025 Constance

Teck Resources Cuts Copper Guidance as Quebrada Blanca Mine Faces Tailings Storage Issues Teck Resources Ltd, Canada’s largest diversified miner, has put major expansion projects on hold while it addresses production challenges at its flagship Quebrada Blanca (QB) copper mine in northern Chile. The massive overhaul of the high-altitude mine has faced cost overruns of $4 billion and years of delays. In July, CEO Jonathan Price was forced to cut production guidance, citing ongoing problems with the mine’s tailings facility. Teck launched a comprehensive operational review in August, which is… Read More Here

Mining in Zambia Copper Corporate News New Mining Projects

Prospect Resources Confirms Copper Mineralisation at Mumbezhi Project in Zambia

September 3, 2025September 3, 2025 Constance

Prospect Resources Identifies Major Copper Target at West Mwombezhi, Zambia, as Diamond Drilling Commences Prospect Resources Limited (ASX:PSC) has announced that its recent aircore drilling program at the West Mwombezhi prospect in north-west Zambia has returned highly anomalous copper mineralisation at shallow depths, covering over 1 km of strike. The results highlight a new, high-potential target within the company’s Mumbezhi Copper Project, where Prospect holds an 85% interest. The newly identified target aligns with a well-defined 1.5 km north-northeast trending copper anomaly, originally detected through regional termite mound geochemical sampling.… Read More Here

International Corporate News Energy

IRH Strengthens UAE–Egypt Energy and Mining Collaboration with Landmark Agreements

September 2, 2025September 2, 2025 Constance

International Resources Holding Signs Strategic MoUs with EGPC and Egypt’s Mineral Authority to Boost Energy and Mining Investment International Resources Holding RSC Ltd. (IRH), a leading mine-to-market platform and subsidiary of 2PointZero, has signed two landmark Memoranda of Understanding (MoUs) with the Egyptian General Petroleum Corporation (EGPC) and the Egyptian Mineral Resources and Mining Industries Authority. The agreements reinforce the UAE–Egypt corridor as a key driver of regional energy security and sustainable economic growth. The MoUs were signed in Abu Dhabi by Ali Rashed AlRashdi, CEO of IRH, alongside Eng.… Read More Here

International Corporate News Mergers & Acquisitions

Harmony Gold Expands Internationally with $1.08 Billion Acquisition of MAC Copper

September 2, 2025September 2, 2025 Constance

Harmony Gold Acquires Australia’s MAC Copper Mine for $1.08 Billion to Boost Global Copper Portfolio South Africa’s Harmony Gold has taken a major step in its international expansion strategy with the proposed $1.08 billion (R19 billion) acquisition of Australia’s MAC Copper. The transaction, first announced in May 2025, moved closer to completion after MAC Copper shareholders overwhelmingly approved the deal. Headquartered in Randfontein, Harmony Gold is South Africa’s largest gold producer by volume, operating a mix of underground and open-pit mines in the Free State and Gauteng provinces, alongside surface… Read More Here

Gold Copper Corporate News Mining in Zambia

Kansanshi’s Golden Thread: How Zambia’s Largest Copper Mine Became a Pillar of National Gold Reserves

September 1, 2025September 1, 2025 Constance

In the heart of Zambia’s North-Western Province, Kansanshi Mine towers as a copper giant — but it is gold that increasingly shines in the national conversation. For nearly two decades, Kansanshi Mine has produced gold as a copper by-product, pouring it into bars that have become a cornerstone of Zambia’s national reserves through the Bank of Zambia (BOZ). While Kansanshi’s processing plants are optimized for copper output, the gold extracted now stands at the center of national economic strategy, contributing to Zambia’s reserves, bolstering the kwacha, and attracting high-value global… Read More Here

International Corporate News Mining Equipment

Sandvik Unveils AutoMine Surface Drilling Training Simulator to Advance Operator Skills

August 31, 2025August 31, 2025 Constance

Sandvik Launches AutoMine Surface Drilling Simulator to Boost Mining Efficiency and Safety Sandvik Mining has introduced its AutoMine Surface Drilling Training Simulator, a cutting-edge tool designed to improve operator skills, accelerate learning, and increase the efficiency of automated drilling operations. The simulator is compatible with all i-series surface drill rigs and provides a realistic, safe, and cost-effective training environment for modern mining operations. It enables trainees to operate up to three rigs of the same type simultaneously, with a focus on: Path planning Autonomous production cycle management Real-time monitoring of… Read More Here