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Category: Corporate News

Barrick Mining Launches Major Management Overhaul Amid Acquisition Rumors 1 Gold Corporate News International 

Barrick Mining Launches Major Management Overhaul Amid Acquisition Rumors

Constance
Barrick Mining Restructures Leadership as Elliott Takes Stake and Acquisition Talk Rises Barrick Mining Corp. is undertaking a sweeping management overhaul as the Canadian gold producer faces mounting speculation about a potential acquisition or corporate breakup. According to an internal letter to employees from newly appointed chief executive officer Mark Hill—reviewed by Bloomberg—the company is implementing significant leadership changes and revising its regional operating model. Two senior managers and a top executive are departing as part of the restructuring. The move comes shortly after activist investor Elliott Investment Management LP… Read More Here
Jubilee Metals Clears Key Regulatory Hurdle as It Refocuses Growth Strategy on Zambia 2 Mining in Zambia Copper Corporate News 

Jubilee Metals Clears Key Regulatory Hurdle as It Refocuses Growth Strategy on Zambia

Constance
Jubilee Metals Advances Zambia Copper Strategy After Merger Approval for SA Asset Sale The South African Competition Tribunal has issued a merger clearance certificate approving the sale of Jubilee Metals Group’s South African chrome and platinum group metal (PGM) operations to One Chrome, marking a major milestone as the company accelerates its strategic shift toward Zambia. Jubilee announced in June that it would sell its South African operations for up to $90-million, a move designed to free up capital and management capacity for the expansion of its copper projects in… Read More Here
Barrick Mining Weighs Major Breakup as Board Considers Splitting Global Operations 3 International Corporate News Gold 

Barrick Mining Weighs Major Breakup as Board Considers Splitting Global Operations

Constance
Barrick Gold Considers Breaking Up Company: Possible Split of North American and African–Asian Assets The board of Barrick Mining, one of the world’s largest gold producers, is exploring a plan to split the company into two separate entities—one focused on North America and the other on Africa and Asia—according to four sources familiar with internal discussions. The potential restructuring could also involve the sale of Barrick’s African portfolio and the Reko Diq copper-gold project in Pakistan, once financing arrangements for the latter are secured, the sources told Reuters. In Mali,… Read More Here
KCM Unveils First SCADA System to Enhance Power Efficiency and Cut Energy Costs 4 Mining in Zambia Corporate News Energy 

KCM Unveils First SCADA System to Enhance Power Efficiency and Cut Energy Costs

Constance
Konkola Copper Mines Launches New SCADA Energy Management System to Boost Efficiency and Save Nearly $1 Million Monthly Konkola Copper Mines (KCM) has commissioned its first Maximum Demand Supervisory Control and Data Acquisition (SCADA) system, a major technological upgrade aimed at improving energy management across its operations. Installed in partnership with BBEnergy at a cost of US$265,000, the system will monitor and control power demand across multiple substations, helping the company optimise energy use and significantly reduce operational expenses. During the launch at the Central Energy Control Room in Nchanga,… Read More Here
FQM Invests K3.5 Million to Modernise North-Western Provincial Library in Solwezi 5 Mining in Zambia Corporate News Corporate social responsibility 

FQM Invests K3.5 Million to Modernise North-Western Provincial Library in Solwezi

Constance
Kansanshi Mine Boosts Zambia’s Literacy Drive Through Major Digital Library Renovation in Solwezi First Quantum Minerals (FQM), through its Kansanshi Mine, has invested over K3.5 million to fully modernise the North-Western Provincial Library in Solwezi, transforming it into a safe, digital, and inclusive learning hub designed to strengthen literacy and education across the region. The newly upgraded facility—now formally handed over to the government—forms part of FQM’s extensive infrastructure development programme, which includes the construction of classroom blocks, clinics, the renovation of Solwezi Technical Secondary School, Kimakolwe and Muyoya Primary… Read More Here
Ivanhoe Electric Secures $200 Million Bridge Loan to Advance Santa Cruz Copper Mine 6 International Copper Corporate News 

Ivanhoe Electric Secures $200 Million Bridge Loan to Advance Santa Cruz Copper Mine

Constance
Ivanhoe Electric Secures Major Financing Boost as Santa Cruz Copper Project Advances Toward 2026 Construction Ivanhoe Electric (NYSE-A, TSX: IE) has secured a $200 million bridge loan from a syndicate of major international banks, strengthening its financing plan for the development of what could become the next major U.S. copper mine. In a statement on Thursday, the company announced that National Bank Capital Markets, Société Générale, and BMO Capital Markets are backing the loan, which Ivanhoe describes as “an important component” of the funding strategy for its Santa Cruz copper… Read More Here
Mercuria Eyes DRC Coltan Market Amid Critical Minerals Expansion 7 Mining in DRC Coltan Corporate News 

Mercuria Eyes DRC Coltan Market Amid Critical Minerals Expansion

Constance
Swiss Trader Mercuria Expands into DRC Coltan Sector, Targeting Critical Minerals for Electronics Already a major player in the Democratic Republic of Congo’s (DRC) copper market, Swiss trading giant Mercuria is now expanding into critical minerals. Following a $100 million agreement with Eurasian Resources Group (ERG) in late October to finance and market part of Congo’s copper production, Mercuria is reportedly exploring opportunities in the coltan sector—a key mineral used in electronic components. Bloomberg reports that Mercuria is in talks with investment firm TechMet to modernize the Rubaya coltan deposit… Read More Here
Kibali Gold Mine Posts Strong Q3 2025 Production in DRC 8 Mining in DRC Corporate News Gold 

Kibali Gold Mine Posts Strong Q3 2025 Production in DRC

Constance
Kibali Gold Mine Boosts Third-Quarter Output by 21% in DRC, Strengthening Barrick’s Global Gold Portfolio The Kibali gold mine, the Democratic Republic of Congo’s (DRC) flagship gold asset, delivered a strong performance in the third quarter of 2025. According to the quarterly report released by operator Barrick Mining on Monday, November 10, 2025, Kibali produced 191,000 ounces of gold between July and September, marking a 21% increase compared to 159,000 ounces in the same period in 2024. The production growth was largely driven by a ramp-up in open-pit mining operations… Read More Here
EITI International Team Visits Kansanshi Mine as Part of Zambia’s Transparency Validation 9 Mining in Zambia Copper Corporate News 

EITI International Team Visits Kansanshi Mine as Part of Zambia’s Transparency Validation

Constance
Zambia’s Kansanshi Mining Hosts EITI Delegation in Ongoing Transparency and Governance Review A delegation from the Extractive Industries Transparency Initiative (EITI) International Secretariat visited Kansanshi Mining PLC in Solwezi as part of Zambia’s ongoing EITI Validation process. The exercise evaluates how effectively Zambian mining companies and government institutions adhere to global standards of transparency and governance in the extractive sector. The visiting team included Ahmed Zouari, Validation Lead; Edwin Wuadom Warden, EITI Country Manager; Sebastian Sahla, EITI Policy Manager; and Nyasha Vera, EITI Communications Officer. They were joined by Zambia… Read More Here
Shanta Gold Uncovers $5.28 Billion Underground Gold Deposits in Western Kenya 10 International Corporate News Gold 

Shanta Gold Uncovers $5.28 Billion Underground Gold Deposits in Western Kenya

Constance
$5.28 Billion Gold Reserves Discovered in Western Kenya’s Lirhanda Corridor, Boosting Mining Investment A British mining company, Shanta Gold Kenya Limited, announced on Wednesday the discovery of extensive underground gold deposits in Kakamega County, western Kenya, estimated to be worth more than $5.28 billion (Sh683 billion). Officials have described the find as a historic milestone for Kenya’s mineral sector. The discovery was made in the Lirhanda Corridor, a 1,200-kilometer mineral belt spanning Kakamega and Vihiga counties, following years of intensive exploration and drilling. “The project aims to secure the necessary… Read More Here

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