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Category: Corporate News

Zijin Mining’s Delayed Allied Gold Acquisition Signals a New Era in China’s Mining Strategy 1 Gold Corporate News International 

Zijin Mining’s Delayed Allied Gold Acquisition Signals a New Era in China’s Mining Strategy

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Zijin Mining’s Allied Gold Deal Delay Highlights China’s Cautious Shift in Global Gold Strategy and Africa Investment Risks The postponement of Zijin Mining’s planned acquisition of Canadian-based Allied Gold is more than a routine procedural delay. The three-month extension reflects deeper strategic calculations linked to China’s evolving mining policy, intensifying global competition for gold assets, and rising regulatory and political considerations in Africa. Amid record-high global gold prices and increasing efforts by major economies to secure critical mineral supplies, Beijing’s cautious stance highlights a shift toward greater scrutiny of overseas… Read More Here
Vedanta Targets New York IPO to Fund Expansion of Zambia’s Konkola Copper Mines 2 Mining in Zambia Copper Corporate News Economy 

Vedanta Targets New York IPO to Fund Expansion of Zambia’s Konkola Copper Mines

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Vedanta Plans New York Listing to Finance Multi-Billion-Dollar Expansion of Zambia Copper Operations Vedanta Resources, led by billionaire Anil Agarwal, is seeking to raise fresh capital for its Zambian copper operations through a planned listing in New York, as the mining group accelerates efforts to expand production at one of Africa’s most strategically important copper assets. The proposed initial public offering comes less than two years after Vedanta regained control of Konkola Copper Mines (KCM) following a prolonged dispute with the Zambian government. The company has since committed to investing… Read More Here
Ivanhoe Mines’ Kipushi Mine Achieves Record Monthly Zinc Production in May 3 Mining in DRC Corporate News Zinc 

Ivanhoe Mines’ Kipushi Mine Achieves Record Monthly Zinc Production in May

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Ivanhoe Mines Reports Record Zinc Output at Kipushi Mine as Production Tracks Midpoint of 2026 Guidance TSX-listed Ivanhoe Mines has reported a record month of zinc production at its Kipushi Mine in the Democratic Republic of Congo, highlighting the operation’s strong performance as it ramps up production. The mine produced 25,677 tonnes of zinc in concentrate during May, surpassing the previous monthly record of 22,968 tonnes set in January by 12%. The achievement reflects continued operational improvements and strong plant performance at one of the world’s highest-grade zinc mines. During… Read More Here
KCM’s US$5 Million Road Upgrade Project Nears Completion in Chililabombwe and Chingola 4 Mining in Zambia Corporate News Infrastructural Development 

KCM’s US$5 Million Road Upgrade Project Nears Completion in Chililabombwe and Chingola

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Konkola Copper Mines Nears Completion of US$5 Million Road Rehabilitation Project in Zambia’s Copperbelt Konkola Copper Mines (KCM) has made significant progress on its US$5 million road rehabilitation programme in Chililabombwe and Chingola, with construction works in Chililabombwe approaching completion and road upgrades gathering pace in Chingola. The infrastructure initiative involves the rehabilitation and construction of approximately eight kilometres of roads across the two Copperbelt towns, including 4.1 kilometres in Chililabombwe and 3.9 kilometres in Chingola. The project forms part of KCM’s broader commitment to community development and infrastructure improvement… Read More Here
DRC Mines Minister Reviews Virtus Minerals’ Progress on Former Chemaf Assets 5 Mining in DRC Corporate News 

DRC Mines Minister Reviews Virtus Minerals’ Progress on Former Chemaf Assets

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DRC Mines Minister Calls for Monthly Reporting as Virtus Minerals Advances Étoile and Mutoshi Projects The Democratic Republic of Congo’s Minister of Mines, Louis Watum Kabamba has reaffirmed the government’s commitment to closely monitoring the development of strategic mining projects following a high-level meeting with Virtus Minerals to review progress on the former Chemaf mining assets. Speaking after a working session held on June 2, 2026, the minister said the meeting was convened to assess developments since Virtus Minerals received authorization to take over the mining assets of the Chemaf… Read More Here
Sandvik and Rio Tinto Partner to Advance Autonomous Surface Drilling Technology in Pilbara 6 International Corporate News Equipment & Technology 

Sandvik and Rio Tinto Partner to Advance Autonomous Surface Drilling Technology in Pilbara

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Sandvik and Rio Tinto Join Forces to Accelerate Autonomous Open-Pit Drilling Sandvik and Rio Tinto have signed a joint development agreement aimed at integrating Sandvik’s i-series surface drill rigs with Rio Tinto’s proprietary Autonomous Drilling System (ADS), marking a significant step forward in the evolution of autonomous mining technology. The collaboration combines Sandvik’s AutoMine® automation platform with Rio Tinto’s extensive expertise in remote autonomous operations to create an advanced solution for open-pit drilling. The partnership is expected to enhance safety, productivity, and operational efficiency across large-scale mining operations. Initially, the… Read More Here
Vedanta Cooperates with Indian Authorities Amid Foreign Exchange Probe 7 International Corporate News 

Vedanta Cooperates with Indian Authorities Amid Foreign Exchange Probe

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India’s Enforcement Directorate Conducts Searches Linked to Vedanta Group in Foreign Exchange Investigation Indian authorities have conducted searches at premises linked to the Vedanta Group as part of an ongoing investigation into potential violations of the country’s foreign exchange regulations. According to reports, the Enforcement Directorate (ED), India’s financial crime-fighting agency, carried out the searches on Tuesday under the provisions of the Foreign Exchange Management Act (FEMA), which governs cross-border financial transactions and foreign exchange compliance in the country. While officials confirmed the searches, details regarding the nature of the… Read More Here
KCM Launches Strategic Nchanga Smelter Upgrade to Accelerate Copper Production Growth 8 Mining in Zambia Copper Corporate News Economy 

KCM Launches Strategic Nchanga Smelter Upgrade to Accelerate Copper Production Growth

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KCM Begins 60-Day Nchanga Smelter Shutdown as Part of Ambitious Expansion and Modernization Plan Vedanta Resources-owned Konkola Copper Mines (KCM) has commenced a planned 60-day shutdown of its Nchanga Smelter in Zambia to undertake critical maintenance, and refurbishment works aimed at improving operational performance and supporting future production growth. The company announced that the shutdown, which began this month, forms part of a broader modernization strategy designed to enhance efficiency, reliability, and long-term sustainability across its operations. KCM produced 80,215 tonnes of copper in 2025, according to data from Zambia’s… Read More Here
Barrick Weighs London Listing for African Business as Potential Endeavour Mining Deal Emerges 9 International Corporate News Gold 

Barrick Weighs London Listing for African Business as Potential Endeavour Mining Deal Emerges

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Barrick Considers London Listing for African Operations Amid Potential Endeavour Mining Tie-Up Barrick Mining is exploring a potential London listing for its African business, with an all-share transaction involving Endeavour Mining among the options under consideration, according to sources familiar with the matter. The discussions remain at an early stage and no final decision has been made. Sources cautioned that there is no certainty a transaction will proceed, and no announcement is expected in the near term.  If completed, a combined African-focused entity could command a market capitalisation of around… Read More Here
KoBold Metals Outlines Ambition to Position DRC as Global Lithium Powerhouse 10 Mining in DRC Battery Metals Corporate News Lithium 

KoBold Metals Outlines Ambition to Position DRC as Global Lithium Powerhouse

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KoBold Metals Targets DRC Lithium Leadership with Data-Driven Mining Strategy at Manono KoBold Metals DRC, the Congolese subsidiary of US-based exploration company KoBold Metals, says it aims to help position the Democratic Republic of Congo (DRC) as a global lithium powerhouse through advanced technology, data intelligence, and modern exploration methods. Speaking at the 11th edition of Expo Béton 2026 in Kalemie, Tanganyika Province, Managing Director Benjamin Katabuka said the company is working to transform mineral exploration by using data-driven techniques rather than conventional geological approaches. “Our American mining technology company… Read More Here

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