You are here

Category: Corporate News

Cobre Panama Mine to Remain Shut as Govt Backs Safety Plan Only 1 Copper Corporate News International Mining safety 

Cobre Panama Mine to Remain Shut as Govt Backs Safety Plan Only

Constance
PANAMA CITY – The Panamanian government has approved a maintenance and environmental management plan for First Quantum Minerals’ shuttered Cobre Panama copper mine, but emphasized that the mine will not be reopened at this time, Trade and Industry Minister Julio Molto announced on Friday. Molto clarified that the approved plan focuses solely on care and environmental safety measures required following the mine’s abrupt closure by government order in late 2023, under the previous administration. “The mine is not being reopened. We’re authorizing the implementation of a care and safe management… Read More Here
Rio Tinto CEO Jakob Stausholm Steps Down Amid Cost Control Tensions 2 International Corporate News Mining Personality 

Rio Tinto CEO Jakob Stausholm Steps Down Amid Cost Control Tensions

Constance
Rio Tinto and CEO Jakob Stausholm have agreed to part ways, following growing tensions over his reluctance to align with board priorities—particularly around cost control—despite recent expansions in lithium, copper, and iron ore, according to three sources familiar with the matter. The world’s second-largest listed mining company surprised investors last week by announcing Stausholm’s departure, stating he would remain in his role until a successor is appointed. No official reason was given, and sources confirmed the decision was not linked to any scandal. Stausholm had shown no signs of stepping… Read More Here
Glencore Taps Russian Copper to Ease Supply Crunch in China 3 International Copper Corporate News 

Glencore Taps Russian Copper to Ease Supply Crunch in China

Constance
Glencore Plc is purchasing Russian copper from the London Metal Exchange (LME) and preparing to ship it to China, underscoring tightening supply conditions in the world’s largest copper-consuming nation. Over the past three trading sessions, about 15,000 tons of copper have been requested for withdrawal from LME warehouses in Rotterdam, drawing available inventories to their lowest level in a year, according to exchange data. People familiar with the matter say Glencore is behind these withdrawals and intends to deliver the Russian-origin copper to China. This move is notable given the… Read More Here
Jubilee Metals Secures Long-Term Feedstock Deal to Boost Copper Production in Zambia 4 Mining in Zambia Copper Corporate News 

Jubilee Metals Secures Long-Term Feedstock Deal to Boost Copper Production in Zambia

Constance
Diversified metals producer Jubilee Metals has signed a long-term feedstock supply agreement for its Roan concentrator in Zambia, following successful processing trials of high-grade shallow transition copper ore. Production under the new supply deal has already commenced. “This eight-week trial period has confirmed Roan’s unique ability to process transitional copper reefs, which are widely available both at surface and near-surface levels,” said Jubilee Metals CEO Leon Coetzer. Under the agreement, the Roan concentrator will sustain a run-of-mine (ROM) throughput of 35,000 to 40,000 tons per month, producing 240 to 360… Read More Here
Minister Kabuswe Commends Progress on FQM’s Kansanshi S3 Expansion 5 Mining in Zambia Copper Corporate News New Mining Projects 

Minister Kabuswe Commends Progress on FQM’s Kansanshi S3 Expansion

Constance
Minister of Mines and Mineral Development, Hon. Paul Kabuswe, recently conducted a site inspection at First Quantum Minerals’ (FQM) Kansanshi Mining PLC to review progress on the company’s flagship S3 Expansion Project. He was received by FQM Country Manager Dr. Godwin Beene, Kansanshi Mining PLC Assistant General Manager Axel Kottgen, and FQM Corporate Affairs Manager Kyansenga Chitoshi. During the visit, the Minister was briefed on the project’s key milestones and current status. He commended the Kansanshi team for staying on schedule and noted that the visible progress was a clear… Read More Here
Barrick Awaits Court Ruling in Mali Amid Ongoing Dispute Over Mine Control 6 International Corporate News Gold 

Barrick Awaits Court Ruling in Mali Amid Ongoing Dispute Over Mine Control

Constance
Barrick Gold Corporation, listed on the NYSE and TSX, is awaiting a court ruling scheduled for June 2 by the Bamako Commercial Tribunal regarding the Mali government’s attempt to place the Loulo-Gounkoto mining complex under provisional administration. The move follows the government’s formal request submitted to the court on May 8. In response, Barrick’s Loulo and Gounkoto operations filed legal objections on May 22, contesting the government’s demand. A preliminary hearing on May 15 granted the company an opportunity to present its case. In an official statement, Barrick firmly rejected… Read More Here
Underground Mining Activities at Kakula Mine Suspended 7 Mining in DRC Corporate News Press Release 

Underground Mining Activities at Kakula Mine Suspended

Constance
Kolwezi, Democratic Republic of the Congo–(Newsfile Corp. – May 26, 2025) – Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Executive Co-Chairman Robert Friedland and President and Chief Executive Officer Marna Cloete today provide an operational update on the Kamoa-Kakula Copper Complex in the Democratic Republic of the Congo, following the temporary suspension of operations at the Kakula underground mine, as first announced by the company on May 20, 2025. Senior management and a world-class team of geotechnical experts continue to conduct a thorough investigation of the mine to understand the cause… Read More Here
Patriot Resources Acquires High-Grade Sugarloaf Copper Deposit in Zambia 8 Copper Corporate News Mining in Zambia New Mining Projects 

Patriot Resources Acquires High-Grade Sugarloaf Copper Deposit in Zambia

Constance
ASX-listed Patriot Resources has announced the acquisition of the high-grade Sugarloaf copper deposit, located in the Mumbwa district of Zambia. The deposit, based on historical drilling data, has an exploration target of between 1.6 million and 2.5 million tonnes at grades ranging from 2.0% to 2.5% total copper, representing an estimated 32,000 to 62,500 tonnes of contained copper. Sugarloaf lies just 4.4 km southeast of Sinomine’s Kitumba copper deposit and its under-construction smelter, which Patriot plans to use for ore processing. “Upon completion of this acquisition, Patriot will hold a… Read More Here
Sibanye-Stillwater Rescues Dozens as 181 Remain Trapped at Kloof Gold Mine 9 International Corporate News Mining safety 

Sibanye-Stillwater Rescues Dozens as 181 Remain Trapped at Kloof Gold Mine

Constance
Precious metals producer Sibanye-Stillwater (JSE: SSWJ, NYSE: SBSW) confirmed on Friday that nearly one-third of the 260 miners trapped underground at its Kloof gold mine, located approximately 60 kilometers west of Johannesburg, South Africa, have been safely brought to the surface. The company reported that the remaining 181 miners are safe, with access to food and water, and are currently gathered at an underground assembly point within Kloof, one of Sibanye’s deepest and most significant operations. Rescue efforts are ongoing, and the company is working to hoist the remaining workers… Read More Here
Kuvimba Mining Seeks $950 Million to Boost Gold and Lithium Production in Zimbabwe 10 Lithium Corporate News Gold International 

Kuvimba Mining Seeks $950 Million to Boost Gold and Lithium Production in Zimbabwe

Constance
Kuvimba Mining House, one of Zimbabwe’s leading mining companies, is looking to raise $950 million to expand its gold and lithium production, CEO Trevor Barnard announced at a mining conference in Victoria Falls. “First and foremost, we need funding,” Barnard said. “We require a significant amount of capital to make our businesses work.” He did not reveal the potential investors involved in the fundraising effort or the timeline for securing the financing. Kuvimba owns some of Zimbabwe’s oldest and most prominent gold mines, including Freda Rebecca and Shamva. The company… Read More Here

You have successfully subscribed to the newsletter

There was an error while trying to send your request. Please try again.

Copperbelt Katanga Mining will use the information you provide on this form to be in touch with you and to provide updates and marketing.