Corporate News - Copperbelt Katanga Mining

KCM ACHIEVES MAJOR MILESTONE IN UNDERGROUND MINING

May 15, 2025May 15, 2025 Constance

Konkola Copper Mines (KCM) has reintroduced raise boring technology at No.3 Shaft – Konkola Mine in Chililabombwe for the first time in 15 years, marking a major milestone in the company’s journey towards safer, more efficient, and future-ready underground mining. Raise boring is a mechanical excavation technique used to create precise vertical or inclined shafts between underground levels, without the need for blasting. It is widely regarded for its safety, speed, and efficiency. This strategic investment, executed in partnership with TUMI Raise Boring, a globally recognized specialist in the technique,… Read More Here

Mining in DRC Corporate News Tin

Alphamin Scales Back Tin Output Amid Security Threats in Eastern DRC

May 14, 2025May 14, 2025 Constance

JSE-listed Alphamin Resources has reported an 18% quarter-on-quarter decline in high-grade tin concentrate production from its Bisie mine in the Democratic Republic of Congo (DRC) for the first quarter of 2024, following a temporary shutdown due to escalating regional security concerns. The company produced 4,270 tonnes of contained tin during the quarter ended March 31, down from 5,237 tonnes in Q4 2023. Operations were suspended on March 13 as insurgent groups advanced westward, reaching within 110 km of the mine. Notably, on March 20, insurgents occupied Walikale, a key town… Read More Here

International Corporate News Gold

Barrick Begins Trading Under Symbol ‘B’ on NYSE to Reflect Gold-Copper Growth Strategy

May 12, 2025May 12, 2025 Constance

Barrick Gold Corporation, dual-listed in the U.S. and Canada, has officially begun trading under the single-letter ticker symbol ‘B’ on the New York Stock Exchange (NYSE), marking a significant milestone in the company’s evolution. To commemorate the occasion, Barrick President and CEO Mark Bristow rang the NYSE opening bell on Friday. “Barrick’s vision is to be the world’s most valued gold and copper exploration, development, and mining company,” said Bristow. “Alongside our world-class portfolio of six Tier 1 gold mines, we are building a significant copper business that will drive… Read More Here

Mining in Zambia Corporate News Emeralds Mine Safety

Kagem Mining Honoured for Surpassing 10 Million LTI-Free Hours in Workplace Safety Milestone

May 10, 2025May 10, 2025 Constance

Kagem Mining Limited has been honoured by Zambia’s Mines Safety Department for achieving over 10 million hours without a Lost Time Injury (LTI), a rare and commendable milestone in the high-risk mining sector. The company reached 10,098,176 consecutive LTI-free hours, an achievement recognised during a high-level ceremony in Kitwe. The award underscores Kagem’s leadership in workplace safety, as maintaining a zero Lost Time Injury Frequency Rate (LTIFR) demonstrates a robust safety culture. A Lost Time Injury is defined as any incident that results in an employee missing work. Surpassing 10… Read More Here

Mining in Zambia Copper Corporate News Economy

Vedanta Seeks $1 Billion to Boost Copper Output at Zambia’s KCM

May 9, 2025May 9, 2025 Constance

Vedanta Resources Ltd.’s Zambian copper mining unit has appointed Rand Merchant Bank (RMB) to help raise up to $1 billion in debt financing to support the expansion of its operations at Konkola Copper Mines (KCM). The move comes ten months after Vedanta — owned by Indian billionaire Anil Agarwal — regained control of an 80% stake in KCM following a lengthy dispute with the Zambian government. As part of the settlement, Vedanta committed to invest $1 billion in revitalizing the mining complex. Since then, the company has injected $330 million,… Read More Here

Gold Corporate News International

Barrick Gold Changes Name to Barrick Mining Corporation and Updates NYSE Ticker to B

May 9, 2025May 9, 2025 Constance

NYSE- and TSX-listed Barrick Gold Corporation has officially changed its name to Barrick Mining Corporation (or Société minière Barrick in French) following shareholder approval at its annual and special meeting held on May 6. The company’s common shares will begin trading under the new name on both exchanges effective May 9. On the New York Stock Exchange (NYSE), the ticker symbol will change from GOLD to B starting that day. On the Toronto Stock Exchange (TSX), shares will continue to trade under the ABX symbol. In addition to the name… Read More Here

International Corporate News Gold New Mining Projects

Barrick’s $10-Billion Reko Diq Project Gathers Momentum Ahead of 2028 Production Target

May 9, 2025May 9, 2025 Constance

Barrick Mining CEO Mark Bristow says momentum is building at the company’s Reko Diq copper-gold project in Pakistan, with construction progressing steadily, exploration yielding promising results, and production slated to begin by the end of 2028. “This is a world-class copper-gold project that will generate immense value—not just for Barrick, but also for our partners in Pakistan, especially in Balochistan,” Bristow said on Wednesday. “It’s one of the largest undeveloped porphyry copper-gold systems globally, and its potential is not yet reflected in our share price.” The project will be developed… Read More Here

International Corporate News Gold

Barrick Faces Prolonged Mali Dispute as Gold Seizure and Employee Arrests Weigh on Operations

May 9, 2025May 9, 2025 Constance

Barrick Mining is spending $15 million a month to maintain its Mali operations amid an ongoing dispute with the country’s government over taxes and a controversial gold seizure, CEO Mark Bristow said on Wednesday. In an interview, Bristow revealed that the Malian government has reneged on three separate agreements to resolve a tax disagreement and criticized the detention of four Barrick employees as a violation of human rights. “You have four executives from a Western company incarcerated—this can only be described as human rights abuse,” Bristow said. “These individuals have… Read More Here

Corporate News International New Mining Projects Press Release

Metso Wins Order for Energy-Efficient Equipment at Nyanzaga Gold Project in Tanzania

May 9, 2025May 9, 2025 Constance

Perseus Mining Limited’s 80% owned subsidiary Sotta Mining Corporation Ltd. has awarded Metso an order for a SuperiorTM MKIII 4265 primary gyratory and two Metso Plus PremierTM grinding mills with a total installed power of 21MW. The equipment will be installed at Sotta Mining’s Nyanzaga gold project in northwest Tanzania. The order value exceeds EUR 20 million and it has been booked in the Minerals segment’s 2025 first-quarter orders received. Matt Cavedon, General Manager, Project Development at Perseus, noted: “Perseus is looking forward to the successful deployment of Metso’s state-of-the-art… Read More Here

Mining in DRC Corporate News Energy

Soventix Joins Solar-Storage Project to Power DRC’s Kamoa-Kakula Copper Mine

May 9, 2025May 9, 2025 Constance

German solar energy company Soventix GmbH will play a key role in the development of a large-scale solar and battery storage project to power the Kamoa-Kakula copper complex in the Democratic Republic of Congo (DRC). The company announced its participation on April 30, 2025. Soventix will be responsible for planning, project management, and supplying key components. The project is being led by CrossBoundary Energy, a developer specializing in renewable energy solutions for commercial and industrial clients, which will operate the facility. Earlier in April, Kamoa Copper—the owner of the Kamoa-Kakula… Read More Here