Corporate News - Copperbelt Katanga Mining

Letšeng Diamond Mine Reports 36% Revenue Drop in 2025

February 8, 2026February 8, 2026 Constance0 comment

Letšeng Mine in Lesotho Sees Sharp Revenue Decline Amid Global Diamond Market Challenges The Letšeng diamond mine in Lesotho, known for producing some of the world’s highest-value diamonds per carat, experienced a significant revenue decline in 2025. Gem Diamonds, the mine’s owner, reported on February 4, 2026, that Letšeng generated $97.7 million, down 36% from $152.8 million in 2024. The drop is attributed to a 14% fall in production and a 20% decrease in the average price per carat, which fell from $1,390 in 2024 to $1,105 in 2025. Exceptional… Read More Here

International Corporate News

Glencore Suspends Major Horne Smelter Investments Amid Regulatory Uncertainty

February 8, 2026February 8, 2026 Constance0 comment

Glencore Halts $1-Billion Horne Smelter Upgrade Over Quebec Regulatory Dispute Glencore Canada has suspended major investments at its Horne smelter in Rouyn-Noranda after failing to reach an agreement with the Quebec government by its self-imposed January 31 deadline regarding long-term operating conditions. The company announced it is “forced to immediately suspend all investments related to emissions reduction and facility upgrades” and to implement a demobilisation plan at the smelter. Investments at its CCR refinery in Montréal Est will also be scaled back over the medium term. Negotiations with provincial authorities,… Read More Here

Mining in DRC Cobalt Copper Corporate News Mergers & Acquisitions

U.S. Expands Strategic Footprint in Africa’s Critical Minerals Through Glencore Deal

February 4, 2026February 4, 2026 Constance

U.S.-Backed Orion Consortium Acquires 40% Stake in Glencore’s DRC Copper and Cobalt Assets The United States is strengthening its presence in Africa’s critical minerals sector after Glencore PLC agreed to sell a 40% stake in its Democratic Republic of Congo (DRC) copper and cobalt operations to the U.S.-backed Orion Critical Minerals Consortium (Orion CMC). The transaction, announced on Tuesday, values the assets at approximately $9 billion, including debt, and covers Glencore’s Mutanda Mining (MUMI) and Kamoto Copper Company (KCC) operations. These projects rank among the largest Western-owned producers of cobalt… Read More Here

Corporate News Battery Metals

Ivanhoe Mines Joins White House Launch of $12 Billion U.S. Critical Minerals Stockpile

February 4, 2026February 4, 2026 Constance

Ivanhoe Mines Participates in White House Launch of Project Vault and Advances U.S. Critical Minerals Supply Discussions Ivanhoe Mines Ltd. (TSX: IVN) (OTCQX: IVPAF) announced that its Founder and Executive Co-Chairman, Robert Friedland, joined President of the United States Donald J. Trump at the White House for the official launch of Project Vault, a $12 billion domestic critical minerals stockpile initiative aimed at strengthening U.S. supply chain security. Ivanhoe Mines is currently in advanced discussions with Gécamines, the Democratic Republic of the Congo’s (DRC) state-owned mining company, and global metals… Read More Here

Corporate News International Mining Personality

Ivanhoe Atlantic CEO Bronwyn Barnes Resigns Amid Rail, Regulatory, and Geopolitical Pressures

February 4, 2026February 4, 2026 Constance

Ivanhoe Atlantic CEO Steps Down as Iron Ore Projects Face Rail Access and Guinea Regulatory Challenges Bronwyn Barnes, President and Chief Executive Officer of Ivanhoe Atlantic, has resigned after four years leading the Liberian- and Guinean-focused iron ore developer. The company is majority-owned by U.S.-Canadian billionaire Robert Friedland. Her departure comes at a time when Ivanhoe Atlantic is navigating a complex mix of infrastructure constraints, regulatory hurdles, and heightened geopolitical scrutiny. Ivanhoe Atlantic’s export strategy is heavily dependent on access to Liberia’s Yekepa–Buchanan rail corridor, which connects the Mount Nimba… Read More Here

Mining in DRC Corporate News New Mining Projects

Rome Resources Reports Positive Metallurgical Results at Bisie North Project

February 2, 2026February 2, 2026 Constance

Rome Resources Confirms Strong Copper and Tin Recoveries from Bisie North Metallurgical Tests in DRC AIM-listed Rome Resources has reported encouraging copper and tin recovery results from metallurgical testing of ore samples taken from its Bisie North project in the Democratic Republic of Congo (DRC). The update follows a drilling results announcement released on 16 January and marks a key step in assessing the project’s commercial potential. Commenting on the results, Chief Executive Officer Paul Barrett said the preliminary findings significantly strengthen the case for commercialising both tin and copper… Read More Here

Corporate News Gemstones

Gemfields Records $128.5 Million in Auction Revenue as Ruby and Emerald Operations Advance

January 30, 2026January 30, 2026 Constance

Gemfields Generates $128.5 Million in Auction Sales, Advances Montepuez Ruby Expansion and Kagem Emerald Production Gemstone miner Gemfields generated total auction revenues of $128.5 million for the year ended December 31, reflecting continued operational progress across its ruby and emerald assets. During the period, the company reported a net debt position of $39.2 million, before auction receivables of $20.5 million, as it completed the funding of the second processing plant at its 75%-owned Montepuez Ruby Mining (MRM) operation in Mozambique. Gemfields confirmed that the second processing plant (PP2) at MRM… Read More Here

Mining in Zambia Copper Corporate News New Mining Projects

EU Delegation Praises FQM’s Trident Project for Sustainable Mining and Regional Development

January 30, 2026January 30, 2026 Constance

EU Commends First Quantum Minerals’ Trident Mine and Kalumbila Town as Models of Sustainable Investment in Zambia The European Union Delegation to Zambia has commended First Quantum Minerals Trident (FQMT) for its world-class mining operations and long-term commitment to sustainable investment, following a high-level visit to the Trident Mine and Kalumbila Town in North-Western Province. The delegation was led by Paola Gosparini, Programme Manager for Trade and Private Sector, and Massimo Bonannini, Team Leader for Infrastructure. During the visit, the EU officials engaged with senior management before touring the Sentinel… Read More Here

Copper Corporate News Zinc

Glencore Reports Strong Commodity Output in 2025 with Copper and Zinc Surges

January 29, 2026January 29, 2026 Constance

Glencore Boosts Copper and Zinc Production in 2025 Despite Cobalt and Ferrochrome Challenges Glencore, listed in London and Johannesburg, reported full-year 2025 production volumes within guidance, highlighting the benefits of streamlined operating structures. Copper production in the second half exceeded 500,000 tonnes, nearly 50% higher than the first half, reflecting grade-related uplifts at key operations including KCC, Antamina, and Antapaccay. Total own-sourced copper production reached 851,600 tonnes, 11% below 2024 due to lower head grades, recoveries, and mine sequencing, particularly at Collahuasi, Antamina, and Antapaccay. Production from the Mount Isa… Read More Here

Copper Corporate News International

FQM Considers Sale of Çayeli Mine to Bolster Balance Sheet

January 29, 2026January 29, 2026 Constance

First Quantum Minerals Explores Sale of Turkey’s Çayeli Copper-Zinc Mine Amid Balance Sheet Pressures First Quantum Minerals Ltd. is considering the sale of its copper and zinc mine in Turkey as part of efforts to strengthen its balance sheet, according to people familiar with the matter. The Canadian mining company initiated a sales process earlier this month for the Çayeli mine, one of Turkey’s largest underground mining operations. The sources, who requested anonymity due to the confidential nature of the discussions, said the asset is valued at approximately $400 million.… Read More Here