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Category: Corporate News

Chilean Cobalt Secures $375 Million US EXIM Financing Interest for Chile Projects 1 International Cobalt Copper Corporate News 

Chilean Cobalt Secures $375 Million US EXIM Financing Interest for Chile Projects

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hilean Cobalt Secures $375 Million US EXIM Bank Financing Interest for Chile Copper-Cobalt Project Chilean Cobalt Corporation has received a new non-binding Letter of Interest (LOI) from the Export-Import Bank of the United States (US EXIM) for potential debt financing of up to $375 million to support development of its La Cobaltera and El Cofre cobalt-copper projects in northern Chile. The new financing indication is higher than the company’s previous $317 million LOI from US EXIM, which has since expired. Chilean Cobalt submitted a new application based on an updated… Read More Here
Arc Minerals Selects Drilling Contractor for Botswana’s Virgo Copper Project 2 International Copper Corporate News Drilling Exploration 

Arc Minerals Selects Drilling Contractor for Botswana’s Virgo Copper Project

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Arc Minerals Selects Drilling Contractor for 6,000m-Plus Botswana Copper Exploration Programme Arc Minerals has selected G D E Botswana Drilling & Exploration, also known as Global Drill, to undertake a major diamond drilling programme at its Virgo copper project in Botswana’s Kalahari Copper Belt (KCB). The programme will target high-priority areas within licence PL135/2017, located in the Zone 5 corridor, with drilling expected to exceed 6,000 metres. Drilling to test high-priority targets The phased programme will investigate approximately 14 kilometres of the D’kar-Ngwako Pan Formation contact, identified through a recent… Read More Here
South Korea Secures Glencore Copper Supply Through $1 Billion Financing Deal 3 International Copper Corporate News 

South Korea Secures Glencore Copper Supply Through $1 Billion Financing Deal

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South Korea Offers Glencore $1 Billion Loan in Deal to Secure Long-Term Copper Supplies South Korea is strengthening its access to copper through a $1 billion financing agreement with Glencore, linking government-backed funding to long-term supplies of the critical metal for Korean companies. The deal comes as competition for copper intensifies globally, with demand rising from electric vehicles, renewable energy, power infrastructure, data centres and artificial intelligence technologies. South Korea, whose industrial economy depends heavily on imported raw materials, is seeking to secure reliable supplies amid growing concerns over future… Read More Here
Fifi Masuka Saini Visits TFM to Explore Copper and Cobalt Production Technology 4 Mining in DRC Cobalt Copper Corporate News 

Fifi Masuka Saini Visits TFM to Explore Copper and Cobalt Production Technology

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DRC Governor Fifi Masuka Saini Visits Tenke Fungurume Mining to Explore Copper and Cobalt Production Technology The Governor of Lualaba Province, Fifi Masuka Saini, has visited the industrial facilities of Tenke Fungurume Mining (TFM) in Fungurume to gain firsthand insight into the company’s copper and cobalt production operations. The visit took place on Thursday, 13 August, during the governor’s tour of the Fungurume area, where she was accompanied by a provincial delegation. During her visit to TFM, Masuka Saini was briefed on the company’s mining and processing operations, with particular… Read More Here
Ivanhoe Mines Accelerates Makoko Copper Development in DRC 5 Mining in DRC Copper Corporate News New Mining Projects 

Ivanhoe Mines Accelerates Makoko Copper Development in DRC

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Ivanhoe Mines Accelerates Makoko Copper Development as Western Forelands Exploration Expands in DRC Ivanhoe Mines is accelerating exploration and development activities at the Makoko copper discovery within its Western Forelands project in the Democratic Republic of Congo (DRC), as continued drilling expands the scale and potential of the mineralised district. The Western Forelands project covers approximately 2,393 square kilometres in Lualaba Province, adjacent to the Kamoa-Kakula Copper Complex. The area is considered highly prospective for large, high-grade copper deposits. Recent drilling has extended copper mineralisation farther west from the original… Read More Here
Kibali Generates $654 Million in Sales for Barrick in First Half of 2026 6 Mining in DRC Corporate News Gold 

Kibali Generates $654 Million in Sales for Barrick in First Half of 2026

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Barrick’s Kibali Gold Mine Generates $654 Million in Sales in First Half of 2026 Barrick Mining’s share of sales from the Kibali gold mine in the Democratic Republic of Congo (DRC) reached $654 million in the first half of 2026, reflecting the strong performance of the operation amid higher gold prices. Barrick, which holds a 45% interest in Kibali and operates the mine, recorded $341 million in sales during the first quarter and a further $313 million in the second quarter. The first-half figure compares with $417 million during the… Read More Here
MMG’s Kinsevere Produces 33,800 Tonnes of Copper Cathodes in First Half of 2026 7 Mining in DRC Copper Corporate News 

MMG’s Kinsevere Produces 33,800 Tonnes of Copper Cathodes in First Half of 2026

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MMG’s Kinsevere Produces 33,800 Tonnes of Copper Cathodes in H1 2026 as Expansion Drives Growth MMG’s Kinsevere copper operation in the Democratic Republic of Congo (DRC) delivered strong production growth in the first half of 2026, producing 33,800 tonnes of copper cathodes, up 33% compared with the same period last year. The improved performance reflects the continued ramp-up of the Kinsevere Expansion Project, which has strengthened the mine’s processing capacity and supported higher copper output. Kinsevere produced 16,820 tonnes of copper cathodes in the first quarter, representing a 44% year-on-year… Read More Here
DRC Cobalt Quotas Cut Glencore Production by 51% as Copper Output Surges 8 Mining in DRC Cobalt Copper Corporate News 

DRC Cobalt Quotas Cut Glencore Production by 51% as Copper Output Surges

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DRC Cobalt Quotas Cut Glencore Production 51% as Copper Output Jumps 66% in 2026 Glencore’s cobalt production from its Democratic Republic of Congo operations fell by 51% in the first half of 2026, as the country’s export quota system prompted the mining company to prioritise copper production and retain more cobalt in solution. Glencore produced 8,700 tonnes of cobalt from its Congolese operations during the first six months of the year, down from 17,700 tonnes during the same period in 2025. The decline was primarily linked to the DRC government’s… Read More Here
MMG Discovers Major Copper-Silver Deposit Near Khoemacau Mine in Botswana 9 Corporate News Copper International New Mining Projects 

MMG Discovers Major Copper-Silver Deposit Near Khoemacau Mine in Botswana

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MMG Discovers 1.4Mt Copper and 90Moz Silver Deposit Near Khoemacau Mine in Botswana MMG has announced the discovery of a significant new copper-silver deposit at its Khoemacau operation in Botswana, strengthening the mine’s long-term growth prospects and potentially extending its operating life by several years. The Kgwebe deposit, located approximately six kilometres from the Zone 5 mine currently being developed and mined, is estimated to contain 1.4 million tonnes of copper and 90 million ounces of silver. The discovery is expected to significantly increase Khoemacau’s mineral resource base. MMG said… Read More Here
CMOC Deploys 623MWp Solar Capacity and 1.8GWh Battery Storage in DRC 10 Mining in DRC Corporate News Energy 

CMOC Deploys 623MWp Solar Capacity and 1.8GWh Battery Storage in DRC

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CMOC Develops 623MWp Solar and 1.8GWh Battery Storage System to Power DRC Copper and Cobalt Mines Chinese mining company CMOC is developing a large integrated renewable energy system around its Tenke Fungurume Mining (TFM) and Kisanfu (KFM) operations in Lualaba Province, Democratic Republic of Congo, as it seeks to strengthen electricity supply for its expanding copper and cobalt operations. The project includes 623MWp of solar photovoltaic capacity and a battery energy storage system rated at 488MW with 1,800MWh of storage capacity. The development also includes three new 220kV substations, upgrades… Read More Here

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