Corporate News - Copperbelt Katanga Mining

FQM Trident Strengthens Zambia’s Mining Sector with Record Production and Sustainability Efforts 1

Solwezi, Zambia – FQM Trident, a subsidiary of First Quantum Minerals, continues to solidify its position as a key player in Zambia’s mining sector. During a recent media tour, Assistant General Manager Frederic Wouters provided an update on the company’s operations, highlighting record production figures, environmental initiatives, and community investment efforts. In 2024, FQM Trident’s Sentinel Copper Mine produced an impressive 231,000 tons of copper, with similar output expected this year. Meanwhile, the newly commissioned Enterprise Nickel Mine is ramping up production and is projected to deliver up to 25,000… Read More Here

Mining in Zambia Copper Corporate News Economy

FQM Injects $2.6 Billion into Zambia’s Economy in 2024

June 8, 2025June 8, 2025 Constance

First Quantum Minerals (FQM) contributed over $2.6 billion to Zambia’s economy in 2024 through its operations at the Trident and Kansanshi mines in North-Western Province, according to the company’s latest Global Tax Transparency and Economic Contributions Report. The report reveals that FQM paid $650 million in taxes, spent $1.75 billion on local procurement, disbursed $236 million in wages to local employees, and invested $13 million in community development initiatives. In terms of output, the two mines produced 402,000 tonnes of copper and 19,000 tonnes of nickel last year. FQM continues… Read More Here

Mining in DRC Corporate News

Abu Dhabi’s IRH to Acquire Majority Stake in Alphamin for Over C$500 Million

June 8, 2025June 8, 2025 Constance

Tremont Master Holdings (TMH), the majority shareholder of U.S.-based Alphamin Resources Corp., has entered into a definitive agreement to sell 718,990,967 common shares—representing approximately 56% of Alphamin’s outstanding shares—to Abu Dhabi-based International Resource Holdings (IRH). The transaction is valued at C$503.3 million (US$367 million), based on a price of C$0.70 per share, subject to certain closing adjustments. Alphamin announced the agreement in a press release issued on Thursday, June 5, 2025. The full terms of the transaction were initially outlined in a joint press release by TMH and IRH dated… Read More Here

Mining in DRC Corporate News Gold

Kibali Gold Dominates DRC Gold Production Despite Regional Instability

June 8, 2025June 8, 2025 Constance

According to statistics from the Technical Unit for Coordination and Mining Planning (CTCPM) under the Ministry of Mines, Kibali Gold, a leading industrial gold mining company based in the Haut-Uele province of the Democratic Republic of Congo (DRC), produced 5,865.62 kilograms of gold between January and March 2025. This output represents 99.5% of the country’s total industrial gold production during that period. Kibali Gold significantly outperformed its competitors. MCCR recorded just 18.65 kg (0.3%), followed by Kimia Mining Investment with 4.88 kg (0.083%) and Sokomo (Ding Cheng) with 4.62 kg… Read More Here

Diamond Corporate News Mining in DRC

SACIM Dominates DRC’s Industrial Diamond Output in Q1 2025 with 97% Share

June 8, 2025June 8, 2025 Constance

Anhui Congo Mining Investment Company (SACIM) has emerged as the dominant producer of industrial diamonds in the Democratic Republic of Congo during the first quarter of 2025, accounting for 97% of the country’s total output. According to statistics released by the Technical Unit for Coordination and Mining Programming (CTCPM), a department under the Ministry of Mines, SACIM produced 334,505.81 carats out of a national total of 344,049.44 carats between January and March 2025. The remaining 9,543.63 carats—just 3%—were produced by Minière de Bakwanga (MIBA), highlighting the growing disparity between the… Read More Here

Mining in Zambia Copper Corporate News New Mining Projects

Kansanshi S3 Launch Set for August as FQM Nears Completion of the $1.25 Billion Expansion

June 7, 2025June 10, 2025 Constance

First Quantum Minerals (FQM) has reached a significant milestone in the development of its US$1.25 billion Kansanshi S3 Expansion Project in Solwezi, North-Western Province. Now 92% complete, the massive upgrade is on track for commissioning by August this year—marking a major milestone for one of Zambia’s most significant copper operations. August 2025 will mark three years since FQM announced its bold commitment to expand the Kansanshi Mining operations—already among Zambia’s largest copper producers. At the same time, the company pledged an additional US$100 million toward bringing the Enterprise Nickel Project… Read More Here

Corporate News

ERG announces issuance of guaranteed bonds with an international credit rating in the amount of up to US$100 million

June 5, 2025June 5, 2025 Constance

Eurasian Resources Group informs about the issuance of guaranteed coupon bonds with a three-year maturity for a total amount of up to US$100 million. For the first time on the Kazakhstan securities market, the issuance of non-government bonds regulated by local law is carried out with the support of JSC “Development Bank of Kazakhstan” as a guarantor, which is irrevocable. Such a form of guarantee is a fundamentally new instrument in the Kazakhstan securities market.The bonds are placed on the Kazakhstan Stock Exchange (KASE) by JSC “Kazakhstan aluminium smelter”, which… Read More Here

Mining in Zambia Corporate News Mining Personality New Mining Projects Uranium

GoviEx Uranium Strengthens Team with New Metallurgist for Zambia’s Muntanga Project

June 3, 2025June 3, 2025 Constance

TSX-listed GoviEx Uranium has appointed Deogratias M Bukunkwe as project and commissioning metallurgist to advance development of its Muntanga uranium project in Zambia. Bukunkwe, a Zambian national, brings over 25 years of experience in process startup and operations, including senior startup roles at the Kayelekera and Langer Heinrich uranium mines. He also led operational readiness at DRA Minopex and recently served as commissioning manager for Freeport-McMoRan’s Grasberg gold and copper concentrator in Indonesia. His immediate focus will be to develop a detailed pre-commissioning framework to position Muntanga as “project-ready” for… Read More Here

International Corporate News Gold

Barrick Seeks World Bank Intervention as Mali Threatens to Seize Major Gold Mine

May 31, 2025May 31, 2025 Constance

Barrick Gold has turned to the World Bank’s arbitration tribunal in an attempt to block the Malian government from taking control of its Loulo-Gounkoto gold mine, amid a deepening legal dispute that threatens the company’s long-standing operations in the West African nation. The move follows the Malian government’s request to a local court to place the mine under provisional administration—a decision expected on June 2. If the court sides with the government, an appointed individual or organization could take over and potentially restart operations at the mine, which has been… Read More Here

Mining in DRC Copper Corporate News

Uncertainty Deepens at Kamoa-Kakula After Seismic Flooding Disrupts Key Copper Mine

May 31, 2025May 31, 2025 Constance

More than a week after seismic activity triggered severe flooding underground, the status of one of the world’s most significant copper mines—Kamoa-Kakula in the Democratic Republic of Congo (DRC)—remains unclear, casting uncertainty over global copper supply. The mine, operated by Canada’s Ivanhoe Mines and co-owned by China’s Zijin Mining and CITIC Metal, had been on track to become the world’s third-largest copper producer this year. However, recent flooding and infrastructure damage have jeopardized those plans. Conflicting reports from Ivanhoe and its Chinese partners have only added to the confusion. Ivanhoe… Read More Here