Corporate News - Copperbelt Katanga Mining

Rio Tinto Puts Richards Bay Minerals and Global Assets Under Strategic Review 1

Rio Tinto Launches Strategic Review of South African, Canadian, and U.S. Mining Operations Mining giant Rio Tinto has placed its Richards Bay Minerals (RBM) operations in KwaZulu-Natal, along with its Canadian iron and titanium operations and U.S. borates mine, under strategic review as part of a broader operational restructuring led by new CEO Simon Trott. On Wednesday, the company unveiled a new operating structure consolidating its activities into three business units and assigning the Borates and Iron & Titanium divisions to COO Alf Barrios for review. RBM, a leading producer… Read More Here

Fortescue Posts 41% Profit Drop Amid Weak Iron-Ore Prices but Eyes Green Energy Growth

August 28, 2025August 28, 2025 Constance

Fortescue FY25 Profit Falls 41% as Iron-Ore Prices Drop; Green Iron Projects Gain Momentum Fortescue Metals, the Australian iron-ore and green energy company, reported a 41% decline in full-year profit as weaker iron-ore prices weighed on revenue, though record shipments and disciplined cost management helped soften the impact. The company posted a net profit after tax of $3.4 billion for the year ending June 30, down from $5.7 billion a year earlier. Revenue fell 15% to $15.5 billion, driven by an 18% drop in the average realized price for hematite… Read More Here

Mining in DRC Battery Metals Corporate News Lithium New Mining Projects

KoBold Metals Expands Lithium Exploration in DRC with Seven New Permits

August 28, 2025August 28, 2025 Constance

KoBold Metals Secures Seven Lithium and Critical Mineral Permits in DRC Amid U.S. Investment Push KoBold Metals, the mineral exploration company backed by U.S. billionaires Jeff Bezos and Bill Gates, has secured seven new permits to explore lithium and other critical minerals in the Democratic Republic of Congo (DRC). The licenses were awarded weeks after the Berkeley, California-based company signed an exploration agreement with the Congolese government, part of a broader strategy to attract American investment into the country’s mining sector. The DRC is the world’s largest producer of cobalt,… Read More Here

Mining in DRC Copper Corporate News Press Release Zinc

Kipushi Debottlenecking Program Completed Ahead of Schedule and Under Budget

August 28, 2025August 31, 2025 Constance

Kipushi concentrator throughput rate increased by 20%, setting new production records Record 1,052 tonnes of zinc produced in 24 hours, equivalent to an annualized rate of over 340,000 tonnes Off-take agreement signed with Mercuria for up to one-third of high-grade zinc production Executive Co-Chair Robert Friedland and President and Chief Executive Officer Marna Cloete announced yesterday that the debottlenecking program at the ultra-high-grade Kipushi Zinc Mine, in the Democratic Republic of Congo, was recently completed both ahead of schedule and under budget. Zinc production from the Kipushi concentrator has significantly… Read More Here

International Copper Corporate News

Zijin Mining Warns of Geopolitical Risks Despite Record Earnings Surge

August 28, 2025August 28, 2025 Constance

Zijin Mining Reports Record Profits but Flags Geopolitical and Resource Nationalism Risks China’s Zijin Mining Group Co., the world’s third-largest metals producer by market value, has warned that geopolitical tensions and rising resource nationalism could challenge its overseas expansion, even as it posts record financial results. The copper and gold giant said that “global uncertainties have become unprecedented”, citing growing competition among major powers for critical minerals. This “high-intensity confrontation,” it warned, could weigh on future revenues, profitability, and new international projects. Zijin has rapidly risen to become one of… Read More Here

International Corporate News Mining Personality

Rio Tinto Reshapes Portfolio Under New CEO Simon Trott

August 28, 2025August 28, 2025 Constance

Rio Tinto CEO Simon Trott Unveils Major Overhaul, Consolidates Divisions and Reviews Non-Core Assets Rio Tinto’s new chief executive, Simon Trott, has announced a sweeping restructuring of the mining giant, consolidating its business into three core divisions—iron ore, copper, and aluminium–lithium—while placing several non-core assets under strategic review. Trott, who officially assumed leadership this week after previously heading Rio Tinto’s iron ore business, said the changes are aimed at simplifying the company’s structure and sharpening its portfolio focus. Iron Ore Division: Matthew Holcz has been appointed chief executive of iron… Read More Here

International Corporate News Mining safety

Codelco Faces Stricter Safety Demands to Reopen El Teniente Mine Following Deadly Accident

August 28, 2025August 28, 2025 Constance

Chile’s Sernageomin Tightens Safety Rules for Codelco’s El Teniente Mine After Fatal Collapse Chile’s mining regulator, Sernageomin, has imposed stricter safety requirements on state-owned copper producer Codelco before it can fully reopen operations at its flagship El Teniente mine, following a deadly collapse that killed six workers on July 31. According to official directives, Codelco must now submit a detailed monitoring and follow-up plan to ensure the stability and safety of all underground operations at El Teniente that remain closed. The accident prompted Codelco to immediately suspend activity across the… Read More Here

Mining in DRC Copper Corporate News

Ivanhoe Mines Announces Stage Two Dewatering of Kakula Mine to Commence Imminently

August 26, 2025August 26, 2025 Constance

Ivanhoe Mines’ Executive Co-Chair Robert Friedland and CEO Marna Cloete provided an update on dewatering and rehabilitation activities at the Kamoa-Kakula Copper Complex following seismic activity at the Kakula Mine. The mine team implemented a three-stage plan to dewater affected areas. Stage One, stabilizing and maintaining water levels, has been completed, restoring access to all currently reachable sections. Stage Two, which involves installing high-capacity submersible pumps and permanent surface infrastructure on the eastern side of the mine, is underway. Two of the pumps are operational, with the remaining two expected… Read More Here

Mining in Zambia Copper Corporate News

FQM Shelves Plan to Sell Zambian Copper Stakes After $1B Gold-Streaming Deal

August 26, 2025August 26, 2025 Constance

First Quantum Minerals Retains Zambian Copper Assets Following $1 Billion Gold-Streaming Transaction First Quantum Minerals Ltd. has abandoned plans to sell minority stakes in its Zambian copper mines after a $1 billion gold-streaming deal alleviated balance sheet pressures. Earlier this year, the company had considered divesting minority interests in its Kansanshi and Sentinel operations in Zambia, following the forced closure of its flagship Cobre Panama mine in late 2023. Chief Executive Officer Tristan Pascall said the recent agreement to sell part of Kansanshi’s gold output to Royal Gold Inc. has… Read More Here

Mining in Zambia Corporate News Gemstones

Zambia’s Kagem Mine Yields 11,685-Carat Emerald, Gemfields Announces

August 26, 2025August 26, 2025 Constance

Gemfields Discovers Record-Breaking 11,685-Carat Imboo Emerald at Zambia’s Kagem Mine Gemfields has revealed its latest extraordinary find at Kagem Mining – an 11,685-carat emerald named Imboo, meaning “buffalo” in Bemba and Lamba. Weighing 2.337 kilograms, this exceptional gemstone is the largest of outstanding quality ever discovered at the world-renowned Kagem mine in Zambia’s Copperbelt Province. The emerald, recovered from the Chama pit on 3 August 2025, will be featured at Gemfields’ high-quality emerald auction, running until 11 September. All proceeds from the sale will be repatriated to Zambia. Kagem is… Read More Here