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Category: Corporate News

Chile Appoints New Codelco Chairman as Govt Orders Audit Into Production and Financial Irregularities 1 International Corporate News Mining Personality 

Chile Appoints New Codelco Chairman as Govt Orders Audit Into Production and Financial Irregularities

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Chile replaces Codelco chairman and launches audit amid copper production and financial concerns at world’s largest copper producer Chile’s government has appointed Bernardo Fontaine to replace Máximo Pacheco as chairman of Codelco, the world’s largest copper producer, marking a significant leadership change as the administration of newly inaugurated President José Antonio Kast intensifies scrutiny of the company’s debt levels, cost overruns, and production performance. Fontaine, an economist and corporate executive, will assume the role on May 26, coinciding with the end of Pacheco’s four-year term. The government also appointed Luz… Read More Here
Shuka Minerals Launches Phase 1 Drilling at Kabwe No.2 Orebody to Assess Zinc and Critical Mineral Potential 2 Mining in Zambia Corporate News Drilling New Mining Projects 

Shuka Minerals Launches Phase 1 Drilling at Kabwe No.2 Orebody to Assess Zinc and Critical Mineral Potential

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Shuka Minerals Begins Drilling at Kabwe Zinc Mine in Zambia to Test Depth Extension and Critical Minerals Shuka Minerals has commenced its Phase 1 diamond drilling programme at the No. 2 orebody of its Kabwe zinc mine in Zambia, marking a key step in assessing the deposit’s depth potential and additional mineral value. The No. 2 orebody is currently open at depth, indicating that mineralisation continues beyond previously mined levels. The initial diamond drill hole will be inclined at 65 degrees and is designed to intersect the orebody beneath existing… Read More Here
Kagem Mining Boosts Zambia’s Gemstone Skills with Lapidary Equipment Donation in Ndola 3 Mining in Zambia Corporate News Corporate social responsibility Gemstones 

Kagem Mining Boosts Zambia’s Gemstone Skills with Lapidary Equipment Donation in Ndola

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Kagem Mining Donates Cutting and Polishing Equipment to GPLTC Ndola to Strengthen Zambia’s Gemstone Value Addition Skills Kagem Mining, a subsidiary of Johannesburg- and London-listed Gemfields, has donated gemstone cutting and polishing equipment to the Gemstone Processing and Lapidary Training Centre (GPLTC) in Ndola, Zambia. The initiative is aimed at strengthening skills development and supporting value addition within Zambia’s growing gemstone industry. The donation includes six cutting and polishing machines, one sawing machine, two calibrating machines, as well as a range of accessories and consumables used in lapidary operations. Skills… Read More Here
Rome Resources Launches Airborne Survey to Expand Tin Exploration at Bisie North 4 Mining in DRC Corporate News Exploration New Mining Projects Tin 

Rome Resources Launches Airborne Survey to Expand Tin Exploration at Bisie North

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Rome Resources Begins Airborne Geophysical Survey at High-Grade Bisie North Tin Project in DRC Rome Resources has commenced an extensive airborne geophysical survey across the greater Bisie tin district in the Democratic Republic of Congo, where its high-grade Bisie North tin project is located. The survey is part of a wider regional geophysical data acquisition programme being carried out across neighbouring exploration areas within the district, which hosts some of the world’s most significant tin mineralisation. More than 600 kilometres of helicopter-borne geophysical data will be collected for Rome Resources… Read More Here
WearCheck strengthens onsite sampling capabilities 5 Sponsored Content Corporate News International 

WearCheck strengthens onsite sampling capabilities

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The precise accuracy of taking an oil sample from a machine component is one of the most critically important steps in the scientific analysis of oil as part of a condition monitoring programme. According to condition monitoring specialist company, WearCheck, taking samples is often a very specialised task, and not all maintenance teams have the correct training. Samples that are not taken correctly potentially contain external contamination and other material – even in miniscule amounts – that could compromise the accuracy of the test results. ‘It is for this reason… Read More Here
Contractor Exit and Layoffs Deepen Uncertainty at Mali’s Loulo-Gounkoto Gold Complex 6 International Corporate News Gold 

Contractor Exit and Layoffs Deepen Uncertainty at Mali’s Loulo-Gounkoto Gold Complex

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Over 600 Jobs Cut as Contractor Exits Barrick’s Loulo-Gounkoto Gold Mine in Mali Amid Ongoing Disruptions A key contractor at Mali’s Loulo-Gounkoto gold complex, the country’s largest gold mining operation, is winding down its activities and laying off more than 600 workers. The move adds to ongoing instability surrounding one of Africa’s most significant gold assets. Gounkoto Mining Services (GMS), a contractor linked to France-based Bouygues Construction through DTP Mining, is ending operations after its agreement is not expected to be renewed by Barrick Mining in 2026. The decision follows… Read More Here
B2Gold Reports $200M Profit Surge on Strong African Output as Gold Production Reaches 237,763 Ounces 7 Gold Corporate News International 

B2Gold Reports $200M Profit Surge on Strong African Output as Gold Production Reaches 237,763 Ounces

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B2Gold Posts $200M Profit as Mali and Namibia Drive Gold Production Growth Across Africa, Canada, and the Philippines Canadian gold producer B2Gold Corp. has reported a significant financial uplift, driven by strong production from its operations in Mali and Namibia, alongside contributions from Canada and the Philippines. The company posted a $200 million increase in net income, supported by solid operational performance and robust cash flow generation. During the period, B2Gold produced a total of 237,763 ounces of gold, reinforcing its position as a leading intermediate gold producer with a… Read More Here
Barrick Launches $3 Billion Share Buyback Ahead of North American Spinout 8 Corporate News Gold International 

Barrick Launches $3 Billion Share Buyback Ahead of North American Spinout

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Barrick Mining Announces $3 Billion Share Buyback as Gold Prices Drive Strong Earnings Growth Barrick Mining has announced a $3 billion share buyback program as the company moves to strengthen shareholder returns ahead of the planned spinout and public listing of its North American assets. The Toronto-based gold producer unveiled the repurchase plan after reporting strong first-quarter financial results, supported by record gold prices and solid free cash flow generation. The move expands the company’s shareholder return strategy following a $500 million buyback completed late last year. Barrick is preparing… Read More Here
Kamoa Copper Expands Green Energy with New 30 MW Solar Deal 9 Mining in DRC Corporate News Green Energy 

Kamoa Copper Expands Green Energy with New 30 MW Solar Deal

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Kamoa Copper Expands Renewable Energy Strategy with 30 MW Solar PPA and 581 MWh Battery Storage in DRC Kamoa Copper and Green World Energie have signed a second Power Purchase Agreement (PPA) for an additional 30 MW of renewable energy capacity, marking a major milestone in Phase II of their solar energy development project. The initiative is designed to strengthen the energy supply for the Kamoa-Kakula mining complex while accelerating the site’s decarbonization efforts. The new phase of the project will deploy an advanced hybrid energy solution that combines solar… Read More Here
Trafigura Partners Egyptalum on Major Aluminium Smelter Expansion in Egypt 10 Corporate News Aluminium International 

Trafigura Partners Egyptalum on Major Aluminium Smelter Expansion in Egypt

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Trafigura and Egyptalum Plan Up to US$900 Million Aluminium Smelter Project in Egypt Global commodities trader Trafigura has entered into exclusive negotiations with Egyptian Aluminium Company (Egyptalum) and Metallurgical Industries Holding Company (MIH) to develop a major new primary aluminium smelter in Egypt at an estimated cost of between US$750 million and US$900 million. Under the proposed agreement, the parties plan to establish a new company that will build, own, and operate a 300,000-tonne-per-year primary aluminium smelter and a 150,000-tonne-per-year anode plant at Egyptalum’s Nag Hammadi industrial complex. Once operational,… Read More Here

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