Corporate News - Copperbelt Katanga Mining

Rio Tinto Secures Majority Stake in Chile’s Altoandinos Lithium Project

May 25, 2025May 25, 2025 Constance

SANTIAGO – Chile’s state-owned National Mining Company (ENAMI) has selected global mining giant Rio Tinto to take a 51% stake in the Altoandinos lithium project, marking the company’s second major lithium venture in Chile. Rio Tinto will initially invest $425 million to fund pre-feasibility studies, including the deployment of its pilot plant at the Rincon project in Argentina and the use of its proprietary direct lithium extraction (DLE) technology. The partnership was announced on Thursday, following a competitive bidding process in which Rio outpaced contenders such as France’s Eramet, China’s… Read More Here

International Battery Metals Corporate News Lithium

Atlantic Lithium Uncovers High Grade Lithium Pegmatites in Ivory Coast

May 25, 2025May 25, 2025 Constance

Atlantic Lithium, an Australian mining company, announced on Thursday, May 22, 2025, the discovery of spodumene-rich pegmatites—lithium-bearing rocks—on its exploration permits in Côte d’Ivoire. The findings, based on rock samples collected from the Agboville and Rubino permits, revealed high lithium grades of up to 1.25%. These results stem from the first two phases of a sampling program initiated in 2024, following the granting of exploration licenses to the company’s local subsidiary, Khaleesi Resources SARL. At the Rubino permit, geological anomalies indicating lithium mineralization span an area of approximately 2.5 km… Read More Here

Mining in DRC Copper Corporate News

Dispute Emerges Between Ivanhoe and Zijin Over Kamoa-Kakula Copper Mine Impact

May 25, 2025May 25, 2025 Constance

On Friday, May 23, 2025, Zijin Mining announced it expects a “negative impact” on production forecasts at the Kamoa-Kakula copper mine in the Democratic Republic of Congo (DRC). The announcement follows a seismic event that led to a temporary suspension of underground operations. However, this assessment is disputed by Ivanhoe Mines, Zijin’s joint venture partner and the operator of the mine. Ivanhoe has reiterated its 2025 copper production target of 520,000 to 580,000 tonnes, stating that the temporary slowdown earlier in the week has not altered these expectations. Zijin’s statement… Read More Here

Mining in Zambia Copper Corporate News Gold New Mining Projects

Kansanshi Mine Expansion Nears Completion with Copper Output Set to Rise

May 25, 2025May 25, 2025 Constance

The expansion of the Kansanshi copper and gold mine near Solwezi in Zambia’s North-Western Province is now 80% complete, according to the mine’s Assistant General Manager, Axel Kotten. The upgrade, known as the S3 Expansion Project, aims to significantly increase the mine’s output, reinforcing Zambia’s role as a global copper powerhouse. Minister of Mines and Mineral Development, Hon. Paul Kabuswe, recently visited the site to assess progress and reaffirm the government’s commitment to supporting the mining sector’s growth. Once complete, the expansion is expected to greatly enhance copper production and… Read More Here

Mining in DRC Corporate News Diamond

Botswana Experts Support MIBA Revival After Positive Site Assessment in Kasai Oriental

May 23, 2025May 23, 2025 Constance

A team of experts from Botswana has completed a positive assessment of the Bakwanga Mining Company (MIBA) site in Kasai Oriental, paving the way for a structured support program aimed at reviving the struggling state-owned diamond company. “We welcomed the Botswanan delegation not as investors, but as technical partners tasked with evaluating our existing resources and helping us develop a recovery program for MIBA,” said Joëlle Kabena, Coordinator of the State Financial Project Management Unit for the Revival of MIBA (UGP-MIBA), following the evaluation meeting. Kabena noted that the team’s… Read More Here

Mining in DRC Corporate News Diamond

DRC Grants SACIM Three-Month Sales Moratorium Amid Financial Crisis in Kasai

May 23, 2025May 23, 2025 Constance

Anhui Congo Mining Investment Company (SACIM), a diamond producer based in Kasai Oriental, has been granted a three-month moratorium allowing it to freely sell its production. The temporary measure is intended to help the company recover from prolonged financial hardship, including unpaid wages and heavy tax obligations. The announcement was made on Tuesday, May 20, in Tshibwe (Miabi territory) by Aristote Mutombo, the presidential envoy for Greater Kasai. He conveyed President Félix Tshisekedi’s decision to repeal Ministerial Order No. 00049/CAB.MIN/MINES/01/2022, issued by former Mines Minister Antoinette Samba Kalambay. The regulation… Read More Here

Corporate News Copper Mining in DRC

ERG Wins 2024 TXF Deal of the Year for $150M African Copper Financing

May 22, 2025May 22, 2025 Constance

Global metals and mining group Eurasian Resources Group (ERG), headquartered in Luxembourg, has received the ‘TXF Metals and Mining Deal of the Year Award 2024’ for its US$ 150 million pre-export finance facility arranged with Bank of China Limited, London Branch, and Glencore International AG: TXF’s Perfect Ten Commodity Finance Deals of the Year. The facility is supported by a supply agreement for copper cathodes produced by ERG’s Metalkol facility in the Democratic Republic of the Congo (DRC). The award, announced at the TXF Global Natural Resources and Commodity Finance… Read More Here

Mining in DRC Copper Corporate News New Mining Projects

Ivanhoe Mines Reports Temporary Interruption of Underground Mining at Kakula Mine

May 21, 2025May 21, 2025 Constance

Ivanhoe Mines reported yesterday that mining operations are temporarily suspended at the Kakula underground mine at the Kamoa-Kakula Copper Complex, in the Democratic Republic of the Congo. Over the past week, seismic activity was experienced in the eastern section of the Kakula mine, leading to Kamoa Copper’s management team suspending underground operations on Sunday, May 18, 2025. All employees were safely brought above ground in line with protocols, and mobile equipment was removed from the mine workings. No injuries were reported. Senior management and geotechnical specialists have been mobilized to… Read More Here

Gold Corporate News International

Mali Seeks Court-Ordered Takeover of Barrick’s Gold Mines Amid Ongoing Dispute

May 15, 2025May 15, 2025 Constance

DAKAR/TORONTO – A court in Mali is set to hear a request from the country’s military government on Thursday to place Barrick’s Loulo-Gounkoto gold mine under provisional administration, a move that could significantly escalate the ongoing dispute between the Canadian miner and the West African state. The conflict, which began in 2023, centers on tax claims and disagreements over a new mining code that increases government royalties and ownership stakes. Operations at the Loulo-Gounkoto complex were suspended in January after the government seized around 3 metric tons of gold—valued at… Read More Here

Mining in DRC Copper Corporate News New Mining Projects

Ivanhoe Doubles Copper Resource at Makoko District in DRC’s Western Forelands

May 15, 2025May 15, 2025 Constance

Ivanhoe Mines has announced an updated and independently verified Mineral Resource estimate for the Makoko District within its Western Forelands Exploration Project in the Democratic Republic of the Congo (DRC). The Western Forelands Exploration Project spans 2,393 square kilometres adjacent to the Kamoa-Kakula Copper Complex—an area roughly six times larger than the Kamoa-Kakula footprint. Ivanhoe holds ownership stakes ranging from 54% to 100% in this project. Since the initial Mineral Resource estimate for Makoko and Kiala in November 2023, over 86,000 metres of diamond drilling have been completed, bringing the… Read More Here