Corporate News - Copperbelt Katanga Mining

Shuka Minerals Delays Zambia Mine Acquisition After GMI Funding Fails to Arrive 1

Shuka Minerals Faces Further Delay in Zambia Acquisition as Financing Partner Misses Payment Deadline Aim- and AltX-listed Shuka Minerals has announced another delay in completing its planned acquisition of Leopard Exploration and Mining (LEM) and the Kabwe zinc mine in Zambia, citing late payment from its financing partner, Gathoni Muchai Investments (GMI). In a statement issued on November 3, Shuka said that despite written confirmation from GMI, the $1.35 million balance of the cash consideration due to the LEM vendors had not yet been received. GMI had initially advised that… Read More Here

International Corporate News Diamond Mergers & Acquisitions

Angola Rules Out State Funding for Endiama’s De Beers Stake Purchase

November 3, 2025November 3, 2025 Constance

Angola Rules Out Using National Budget to Fund Endiama’s Bid for De Beers Stake Angola will not use public funds to finance state-owned diamond company Endiama’s proposed acquisition of a stake in De Beers, Finance Minister Vera Daves de Sousa confirmed on Friday. Endiama has reportedly submitted a bid for a majority stake in De Beers, the diamond unit of Anglo American, according to a source familiar with the matter who spoke to Reuters on October 24. Initially, Angola had expressed interest in acquiring only a minority stake in De… Read More Here

Copper Corporate News International

FQM Advances Preservation Program at Cobre Panama Mine Amid Talks with Government

November 2, 2025November 2, 2025 Constance

First Quantum Minerals Prepares Cobre Panama Copper Mine for Restart While Supporting Panama’s National Grid First Quantum Minerals (TSX: FM) reported progress at its suspended Cobre Panama copper mine in Panama during the third quarter, advancing the government-approved preservation and safe management program. Commenting on quarterly results, CEO Tristan Pascall said the company, which was preparing for a potential restart of operations, completed the shipment of all remaining copper concentrate, along with some supplies and equipment from the site. The Canadian miner also began pre-commissioning work at the mine’s power… Read More Here

Gold Corporate News International

Barrick Mining Denied Request to Expedite Arbitration Case Against Mali

November 2, 2025November 2, 2025 Constance

Barrick Mining’s Urgent Arbitration Request Against Mali Rejected Amid Mining Dispute Barrick Mining’s request to fast-track its international arbitration case against Mali was rejected, according to two sources familiar with the matter who spoke to Reuters on Friday. The West African country’s government had been engaged in tense negotiations with Barrick since 2023 over the implementation of a new mining code that increased taxes and granted the government a larger share of gold mine revenues. Barrick initiated arbitration proceedings with the World Bank’s International Centre for Settlement of Investment Disputes… Read More Here

Mining in DRC Copper Corporate News

Mercuria Energy Funds $100M Prepayments for ERG Copper Supply from the DRC

November 2, 2025November 2, 2025 Constance

Mercuria Provides $100 Million to Support ERG’s Copper Projects in DRC Mercuria Energy Trading SA agreed to provide up to $100 million in prepayments to Eurasian Resources Group (ERG) as part of a three-year supply agreement for copper from the Democratic Republic of Congo (DRC). The financing aimed to support Luxembourg-registered ERG in developing its copper projects in the central African nation, the company said in an emailed statement on Thursday. Mercuria has been expanding aggressively into metals, with a particular focus on copper-rich nations in Central Africa. Its new… Read More Here

International Corporate News

Vedanta Posts Strong Quarterly Profit Boosted by Rising Metal Prices

November 2, 2025November 2, 2025 Constance

Vedanta Reports 22% Operating Margin as Aluminum and Copper Prices Drive Quarterly Profit Indian metals-to-oil conglomerate Vedanta reported higher quarterly adjusted profits on Friday, driven by rising metal prices. The company’s consolidated profit before tax and exceptional items increased 21.7% year-on-year to 70.14 billion rupees ($798 million) for the quarter ended September 30, 2025. Its operating profit margin rose to 22% from 20%, supported by steady expenses. During the quarter, benchmark three-month aluminum and copper prices rose 8.2% and 5.6%, respectively, amid uncertainties surrounding U.S. trade policies. Higher commodity prices… Read More Here

Mining in Zambia Copper Corporate News

FQM DELIVERS Q3 COPPER PRODUCTION BOOST AT KANSANSHI AND SENTINEL

October 30, 2025October 30, 2025 Constance

First Quantum Minerals (FQM) has reported increases in copper production at both its Kansanshi and Sentinel mines in North-Western Province, reinforced by the completion of its S3 processing plant at Kansanshi. Its Kansanshi operation in Solwezi reported 47,000 tonnes of copper production in the third quarter of this year, an increase of nearly 7,000 tonnes from the previous quarter. The improvement was mainly driven by higher mill throughput with the commissioning of the S3 expansion project, which was officially launched by President Hakainde Hichilema in August. “The ramp-up of S3… Read More Here

Corporate News Copper Mining in DRC

Ivanhoe Mines Reports $31 Million Q3 Profit as Kamoa-Kakula Output Dips Amid Flooding

October 30, 2025October 30, 2025 Constance

Ivanhoe Mines Q3 2025 Profit Falls to $31 Million as Kamoa-Kakula Faces Flooding; Kipushi and Platreef Projects Advance Ivanhoe Mines has reported a profit of $31 million for the quarter ended September 30, 2025, compared with $108 million in the same period last year. The decline was primarily driven by a lower share of profit from the Kamoa Holding joint venture (JV), which operates the Kamoa-Kakula Copper Complex in the Democratic Republic of Congo (DRC). The company’s share of profit from the JV was $72 million lower year-on-year, as Kamoa-Kakula… Read More Here

Corporate News International Sponsored Content

DGC TalentWorks: Building the DRC’s Future Through Skills, Dignity, and Human Potential

October 28, 2025October 28, 2025 Constance

At Expobeton RDC 2025, Denver Gounden, Managing Director of DGC TalentWorks, delivered a powerful message that cut to the heart of the DRC’s development agenda: “True development won’t come from concrete and capital alone, but from skills, dignity, and the potential of its people.” This message embodies the driving philosophy behind DGC TalentWorks, a division of the Dickinson Group of Companies, which is transforming Africa’s industrial landscape through an integrated model of workforce development, vocational training, and employment creation. Empowering Africa’s Industrial Future DGC TalentWorks unites DGC Workforce Solutions and… Read More Here

Corporate News

ER Group: Copper, Aluminium, Chrome in Long-Term Deficit as HBI Drives Green Steel Transition

October 28, 2025October 28, 2025 Constance

In view of the London Metal Week, Eurasian Resources Group (“ERG” or “the Group”), a global metals and mining company, shares its latest market outlook across key commodity segments. Shukhrat Ibragimov, CEO and Chairman of the Board of Managers of Eurasian Resources Group, said: “As the energy transition accelerates and industrialisation gains pace across emerging economies, demand for critical resources such as copper, aluminium, chrome, and green steel is entering a period of sustained structural deficit. In this context, we will continue to strengthen our production lines, maximise capacity utilization,… Read More Here