Corporate News - Copperbelt Katanga Mining

AVZ Minerals Secures 10% Manono Stake After ICC Victory

August 18, 2025August 18, 2025 Constance

AVZ Minerals Triumphs in ICC Ruling, Strengthens Control of DRC’s Manono Lithium Project Australian mining company AVZ Minerals has won its arbitration case against Dathomir Mining Resources before the International Chamber of Commerce (ICC). The ruling, issued on July 14, 2025, definitively confirms AVZ’s acquisition of a 10% stake in Dathcom Mining SA, owner of the world-class Manono lithium project in the Democratic Republic of Congo. AVZ’s subsidiary AVZI initiated the case before the ICC to confirm the legality of a 2020 Share Purchase Agreement (SPA). The tribunal ruled that:… Read More Here

Mining in DRC Corporate News

KICO Signs Partnership with 19 Contractors Through ARSP to Boost Local Jobs

August 18, 2025August 18, 2025 Constance

Ivanhoe’s Kipushi Mine Signs Deal with 19 Firms to Create Jobs in DRC Nineteen subcontracting companies and Kipushi Corporation (KICO), a subsidiary of Ivanhoe Mines, have signed a partnership agreement aimed at generating both direct and indirect jobs in the Democratic Republic of Congo. The signing ceremony was presided over by Miguel Kashal Katemb, Director General of the Regulatory Authority for Subcontracting in the Private Sector (ARSP). The initiative fulfills a pledge made by President Félix Tshisekedi during the inauguration of the Kipushi zinc mine in November 2024. At that… Read More Here

Corporate News Battery Metals Lithium Mining in DRC

KoBold Metals to Acquire 17,000 Mining Concessions in DRC Lithium Push

August 18, 2025August 18, 2025 Constance

Backed by Gates and Bezos, KoBold Metals Targets DRC Lithium in $1B Exploration Deal KoBold Metals, a U.S.-based mining company backed by billionaires Bill Gates and Jeff Bezos, is preparing to acquire nearly 17,000 mining concessions in the Democratic Republic of Congo (DRC) as part of an ambitious large-scale exploration program. The company uses advanced artificial intelligence and data-driven technology to identify deposits of critical minerals used in electric vehicle (EV) batteries. On July 17, 2025, KoBold signed an agreement in principle with the Congolese government in a ceremony attended… Read More Here

International Corporate News Diamond

Lucapa Diamond Secures $10M Rescue Deal with Dubai’s Jemora Group

August 18, 2025August 18, 2025 Constance

Lucapa Diamond (ASX: LOM) Wins $10M Bailout from Dubai’s Jemora to Exit Administration Lucapa Diamond Company (ASX: LOM), operator of Angola’s Lulo alluvial mine and Australia’s Merlin project, has struck a rescue deal with Dubai-based Jemora Group that could bring the struggling miner out of administration. Administrators KordaMentha confirmed they have signed a deed of company arrangement with Jemora’s subsidiary, Gaston International, which has agreed to inject around A$15 million (US$10 million) into Lucapa. Under the proposal: Creditors would be paid in full. Shareholders could receive a partial payout of… Read More Here

Gold Corporate News Mining in DRC Mining in Zambia

Barrick Gold Highlights Africa as Core Growth Driver with Record Output from Kibali and Lumwana

August 14, 2025August 14, 2025 Constance

Barrick Hails Africa as Key Cash Generator, Showcasing Growth Across Gold and Copper Operations Africa remains a cornerstone of Barrick Gold’s portfolio, with the continent delivering some of the strongest cash flows for the company in the second quarter of 2025. CEO Mark Bristow praised the region’s performance, noting higher production, improved unit costs, and progress on multiple strategic growth projects. Barrick’s flagship Kibali gold mine in the Democratic Republic of Congo (DRC) delivered another strong quarter. Operated by Barrick and jointly owned with AngloGold Ashanti (45% each) and Société… Read More Here

Uncategorized Corporate News Mining in DRC Tin

Alphamin Resources Boosts Earnings as Tin Sales Surge

August 14, 2025August 14, 2025 Constance

Alphamin Resources Q2 Earnings Jump 21% to $75M as Tin Sales Climb, $65M Dividend Announced JSE-listed Alphamin Resources has reported a 21% quarter-on-quarter increase in EBITDA to $75 million for the second quarter ended June 30, 2025, driven primarily by higher tin sales. Operations at the company’s Bisie tin mine in the Democratic Republic of Congo were temporarily halted earlier this year due to security concerns over insurgent activity near surrounding communities. The shutdown disrupted both production and sales before operations resumed in mid-April. Bisie produced 4,106 tonnes of contained… Read More Here

Gold Corporate News International

Barrick Faces $1.04B Charge After Mali Seizes Loulo-Gounkoto Mine

August 14, 2025August 14, 2025 Constance

Barrick Gold Posts $1.04B Loss on Mali Mine Seizure Despite Strong Gold Price Rally Barrick Mining Corp. shares fell in pre-market trading Monday after the Canadian miner reported a $1.04 billion net charge linked to the seizure of its Loulo-Gounkoto gold complex by Mali’s military-led government. The charge reflects the “deconsolidation” of the mine following a change of control, according to Barrick’s second-quarter earnings report. The loss was partly offset by a $745 million gain from selling its 50% stake in the Donlin Gold project in Alaska. Tensions in Mali… Read More Here

Corporate News Gold International

Barrick CEO Downplays U.S. Tariff Impact, Denies Reko Diq Mediation

August 14, 2025August 14, 2025 Constance

Barrick Gold CEO Says U.S. Tariffs Would Have Minimal Impact, Denies Mediating Saudi-Pakistan Reko Diq Talks Barrick Gold CEO Mark Bristow said on Monday that the World Gold Council is awaiting clarity from the United States on potential tariffs for gold bars. He emphasized, however, that any such tariffs would have minimal impact on mining companies, as they operate as “price takers” in the market. Speaking to Reuters, Bristow also clarified that Barrick is not acting as an intermediary between Saudi Arabia and Pakistan in relation to the Reko Diq… Read More Here

Exploration Corporate News Sponsored Content

Sound exploration – the bedrock of every mining project

August 11, 2025August 11, 2025 Constance

Whether the purpose is to assess the value of an acquisition target or to decide on advancing a project to its next stage, a due diligence study on the exploration work conducted is a vital risk mitigation measure. “The orebody and its geological setting form the foundation of a mineral project’s value, so the project champions and other stakeholders need to have the utmost confidence in the reliability of the exploration results,” says Marcin Wertz, partner and principal mining engineer at SRK Consulting (South Africa). “It might be possible to… Read More Here

Mining in DRC Copper Corporate News

KCC Denies Reports of Selling Three Artisanal Mining Sites in Lualaba Province

August 10, 2025August 10, 2025 Constance

Kamoto Copper Company Refutes Claims of Selling Lualaba Artisanal Mining Sites In a press release issued on Thursday, August 7, 2025, Kamoto Copper Company (KCC) firmly denied allegations that it intends to sell its three artisanal mining sites in Lualaba Province. “KCC has made no such commitment,” the company stated, underscoring its importance as an employer, community partner, and taxpayer in the province. “We intend to continue playing our role to the fullest by operating all of our mining permits,” the statement added. KCC clarified that during the renewal of… Read More Here