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Category: Corporate News

Angola Joins Bidders to Acquire Anglo American’s Stake in De Beers 1 Corporate News Diamond International 

Angola Joins Bidders to Acquire Anglo American’s Stake in De Beers

Constance
Angola submits bid for Anglo American’s De Beers stake as Botswana and investor groups compete Angola has submitted a formal offer to acquire Anglo American’s 85% majority stake in De Beers, joining a growing list of potential buyers that includes Botswana and investor groups led by former De Beers executives. State-owned Angolan diamond producer Endiama presented a “concrete and well-defined proposal” and is moving forward with subsequent steps, said CEO José Manuel Ganga Júnior, who declined to provide further details due to the confidential nature of negotiations. The sale is… Read More Here
CMOC expands DRC Kisanfu mine with $1.08B investment 2 Mining in DRC Corporate News 

CMOC expands DRC Kisanfu mine with $1.08B investment

Constance
Chinese mining giant CMOC expands DRC Kisanfu mine with $1.08B investment, strengthening global copper and cobalt leadership Chinese mining giant CMOC Ltd. is accelerating its growth in the Democratic Republic of Congo (DRC) with a $1.08 billion investment to expand its Kisanfu mine in Lualaba province. The second phase of operations, scheduled for completion in 2027, is expected to increase annual copper production by 100,000 tons, reinforcing CMOC’s position as a global copper leader. Record Financial Performance in 2025 CMOC’s financial results in 2025 have been exceptional. In the third… Read More Here
Sibanye-Stillwater, Glencore Merafe Venture Finalise Chrome Agreements to Boost Long-Term Value 3 International Corporate News 

Sibanye-Stillwater, Glencore Merafe Venture Finalise Chrome Agreements to Boost Long-Term Value

Constance
Sibanye-Stillwater and Glencore Merafe Venture complete chrome agreements to optimise South African PGM operations Multinational mining and metals group Sibanye-Stillwater has confirmed that all conditions precedent for the implementation of its new chrome agreements with the Glencore Merafe Venture (GM Venture) have been met. The agreements will officially take effect on November 1, the company announced. “The closure of the Glencore Merafe agreements marks a pivotal step in unlocking long-term value from our significant chrome by-products at our South African platinum group metal (PGM) operations,” said Sibanye-Stillwater CEO Richard Stewart.… Read More Here
Tertiary Minerals secures £100,000 funding to expand drilling at Mushima North project in Zambia 4 Mining in Zambia Corporate News New Mining Projects 

Tertiary Minerals secures £100,000 funding to expand drilling at Mushima North project in Zambia

Constance
Tertiary Minerals Raises £100,000 to Advance Mushima North Silver-Copper-Zinc Exploration in Zambia AIM-listed Tertiary Minerals has raised £100,000 before expenses through a share placing arranged by its joint broker, Peterhouse Capital. The placement involved 153.8 million new ordinary shares, issued exclusively to Stuart Packwood, a significant existing shareholder. Proceeds will be used to fund upcoming exploration work at the company’s Target A1 silver-copper-zinc prospect, part of the Mushima North project in Zambia. Following the placing, the new shares represent approximately 3.01% of Tertiary’s enlarged issued share capital. Upon admission, Packwood’s… Read More Here
Barrick Resumes Gold Production at Mali’s Loulo-Gounkoto Mine After Nine-Month Shutdown 5 International Corporate News Gold 

Barrick Resumes Gold Production at Mali’s Loulo-Gounkoto Mine After Nine-Month Shutdown

Constance
Barrick’s Loulo-Gounkoto gold mine restarts operations in Mali after government dispute and nine-month halt Barrick Gold Corporation has restarted operations at its Loulo-Gounkoto gold mine in Mali after a shutdown lasting more than nine months, Bloomberg reported, citing sources familiar with the matter. The Loulo-Gounkoto complex, one of Barrick’s most important assets in West Africa, was shut down in January following escalating tensions with Mali’s military-led government. The dispute intensified earlier this year when a Malian court appointed Soumana Makadji, an accountant and former health minister, to manage the mine… Read More Here
Shuka Minerals Reports New Funding Delay for Zambia’s Kabwe Mine and Leopard Exploration Acquisition 6 Mining in Zambia Corporate News Exploration 

Shuka Minerals Reports New Funding Delay for Zambia’s Kabwe Mine and Leopard Exploration Acquisition

Constance
Shuka Minerals Faces Further Delay in Funding for Kabwe Mine and Leopard Exploration Acquisition Aim- and AltX-listed Shuka Minerals has announced another delay in the release of funds required to finalize its planned acquisition of Leopard Exploration and Mining (LEM) and the Kabwe zinc mine in central Zambia. In a statement issued on October 16, the company said that Gathoni Muchai Investments (GMI) had informed it of a further delay in remitting the funds tied to the increased loan agreement signed on June 30. GMI is reportedly finalizing alternative arrangements… Read More Here
MMG Reports Rising Copper Losses from Informal Mining at Las Bambas Site in Peru 7 International Copper Corporate News 

MMG Reports Rising Copper Losses from Informal Mining at Las Bambas Site in Peru

Constance
MMG Raises Estimate of Copper Lost to Informal Mining at Peru’s Las Bambas to 90,000 Tons Chinese-owned MMG Ltd. has increased its estimate of copper extracted by informal miners within its Las Bambas concession in Peru, revealing escalating challenges at one of the world’s largest copper operations. According to the company’s latest disclosures and responses to Bloomberg, an estimated 90,000 metric tons of copper have been removed over the past 15 years from land designated for MMG’s next open pit, known as Sulfobamba. This marks a rise from a previous… Read More Here
Chengtun Mining Acquires Loncor Gold for C$261M, Secures Strategic Adumbi Gold Deposit in DRC 8 Mining in DRC Corporate News Mergers & Acquisitions 

Chengtun Mining Acquires Loncor Gold for C$261M, Secures Strategic Adumbi Gold Deposit in DRC

Constance
Chengtun Mining Expands into Gold with Acquisition of Loncor Gold and Adumbi Deposit Chengtun Mining, a Chinese mining group, has agreed to acquire Canadian gold exploration company Loncor Gold in an all-cash deal valued at C$261 million (approximately $186 million), gaining control of the Adumbi gold deposit in the Democratic Republic of Congo (DRC). The definitive arrangement agreement, announced on October 14, 2025, sets the purchase price at C$1.38 per Loncor share, representing a 33% premium over Loncor’s 30-day volume-weighted average price and a 16% premium to its TSX closing… Read More Here
Olivier Binyingo Reaffirms KAMOA Copper’s Commitment to Economic Growth and Sustainable Development 9 Mining in DRC Corporate News Mining Personality 

Olivier Binyingo Reaffirms KAMOA Copper’s Commitment to Economic Growth and Sustainable Development

Constance
Olivier Binyingo Showcases Kamoa Copper’s Role as a Catalyst for Sustainable Growth in the DRC Olivier Binyingo, Chairman of the Board of Directors of KAMOA Copper SA and Vice President of Ivanhoe Mines for the DRC and Strategic Projects, underscored the company’s strategic vision and its major contribution to the development of the Democratic Republic of Congo’s (DRC) mining industry. Speaking at a recent event, Binyingo described Kamoa-Kakula as a long-term mining venture, representing over USD 6 billion in investment over the past six years — a financial commitment that… Read More Here
FQM Denies Claims of Stalled Progress at La Granja Copper Project in Peru 10 International Corporate News 

FQM Denies Claims of Stalled Progress at La Granja Copper Project in Peru

Constance
First Quantum Refutes Reports of Public Opposition, Confirms Steady Progress at Peru’s La Granja Copper Project First Quantum Minerals Ltd. (TSX: FM) has rejected recent claims suggesting its La Granja copper project in northern Peru is paralyzed by public opposition, describing the allegations as outdated, misleading, and inconsistent with current realities on the ground. The company’s statement came in response to a report by GEM Mining Consulting, which alleged that the project remains “blocked by public distrust.” First Quantum countered that La Granja is advancing decisively and transparently, under stringent… Read More Here

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