Corporate News - Copperbelt Katanga Mining

Glencore’s DRC Mines Earn Copper Mark for Responsible Mining Practices

April 12, 2025April 12, 2025 Constance

Glencore’s two operations in the Democratic Republic of Congo (DRC)—Kamoto Copper Company (KCC), a joint venture with Gécamines and the DRC government, and Mutanda Mining (MUMI), in which the State holds a 5% stake—have been awarded the Copper Mark, a globally recognised certification for responsible copper production. This achievement follows a rigorous, voluntary assurance process launched in 2024, aimed at certifying sustainable and ethical mining practices. Both KCC and MUMI are located in Lualaba province and produce copper and cobalt. “Participating in the Copper Mark assurance process has helped us… Read More Here

Gold Corporate News International

Barrick Gold Eyes Copper Future with Proposed Name Change to Barrick Mining Corp

April 12, 2025April 12, 2025 Constance

Barrick Gold Corp., the world’s second-largest gold producer and listed on the New York Stock Exchange under the ticker “GOLD,” is signaling a major strategic shift — one that leans heavily into copper. The Canadian mining giant has proposed changing its name to Barrick Mining Corp., dropping “Gold” from its title in a move that underscores its growing focus on copper and its diversification beyond its traditional bullion roots. Barrick is currently investing $6 billion into developing a massive copper project in Pakistan, set to launch in 2028 and operate… Read More Here

International Corporate News

Glencore ex-CEO Glasenberg buys shares for first time since 2015

April 10, 2025April 10, 2025 Constance

Glencore Plc’s former chief executive officer and largest shareholder Ivan Glasenberg added to his stake for the first time in a decade after a share-price rout triggered by Donald Trump’s sweeping tariffs. Glasenberg’s shareholding in the miner and commodity trader rose to 1.219 billion shares — worth $3.7 billion at current prices according to a regulatory filing. That represents an increase of about 7.4 million shares from the level detailed in Glencore’s annual report last month. Disclosure was necessary because his stake rose above 10% of the outstanding stock. While… Read More Here

Gold Corporate News International

Barrick Plans 30% Growth and Considers Rebrand to Reflect Broader Mining Focus

April 5, 2025April 5, 2025 Constance

Barrick Gold (NYSE: GOLD, TSX: ABX) announced on Friday that it is advancing a series of growth projects aimed at boosting gold-equivalent production by 30% by the end of the decade. Chairman John Thornton noted that despite a challenging global operating environment, Barrick met its 2024 gold and copper production targets, sustained its record of reserve replacement, and significantly expanded its resource base. “We improved our financial performance despite higher costs,” Thornton said in a statement. “Net earnings rose 69% — the highest in a decade — while operating cash… Read More Here

Mining in Zambia Corporate News Press Release

KCM Reaffirms Commitment to Settling Debts Under Court-Approved Payment Plan

March 30, 2025March 30, 2025 Constance

Konkola Copper Mines (KCM) has assured that it is fully committed to meeting its obligations under the Scheme of Arrangement, a court-approved payment plan. The company confirms that it has not defaulted on any payments to creditors and is adhering to the terms established by the court. KCM has already made full payments to smaller creditors (Class I), those owed less than $1 million. For larger creditors (Class II), owed $1 million or more, KCM has paid 35% of the amounts due as a first tranche on a prorated basis,… Read More Here

International Corporate News

Glencore Declares Force Majeure on Copper Shipments from Altonorte Smelter

March 30, 2025March 30, 2025 Constance

London-listed mining giant Glencore has declared force majeure on copper shipments from its Altonorte smelter in Chile, following a suspension of production at the facility, according to two industry sources. Force majeure is typically declared when unforeseen events prevent companies from meeting contractual obligations. The sources were unable to confirm how long operations at Altonorte, which has an annual capacity of 350,000 metric tons of copper in anode form, would remain halted. Glencore has yet to comment on the situation. Although Altonorte’s output represents only a small portion of global… Read More Here

Mining in DRC Battery Metals Corporate News Lithium

Rio Tinto Eyes Roche Dure Lithium Mine Amid DRC Talks

March 30, 2025March 30, 2025 Constance

Rio Tinto has engaged in early discussions with the Democratic Republic of Congo (DRC) about developing the Roche Dure deposit into a lithium mine. Roche Dure is one of the world’s largest hard-rock lithium resources, making it a highly strategic asset in the global lithium market. Neither Rio Tinto nor the DRC’s Ministry of Mines has commented on the talks. Meanwhile, the DRC is also in discussions with the U.S. government over a potential minerals-for-security agreement aimed at countering a Rwanda-backed rebellion in its eastern provinces. California-based exploration company KoBold… Read More Here

Copper Corporate News International

FQM Suspends Public Tours of Panama Copper Mine Amid Govt Pressure

March 27, 2025March 27, 2025 Constance

First Quantum Minerals announced on Thursday that it will halt public tours of its shuttered copper mine in Panama following concerns raised by President José Raúl Mulino that the company should not create the impression that the site remains operational. Speaking at a press conference earlier that day, Mulino clarified that no discussions had taken place with First Quantum regarding the mine’s future. The Panamanian government ordered its closure in late 2023 after widespread public protests over environmental concerns. “I don’t want them to give the impression that the mine… Read More Here

International Corporate News Gold

Mali Expects Gold Output Recovery in 2025 Amid Barrick Gold Standoff

March 27, 2025March 27, 2025 Constance

Mali anticipates a slight rebound in industrial gold production in 2025, assuming Barrick Gold resumes operations following a prolonged dispute with the government, according to a document from the country’s mines ministry seen by Reuters on Wednesday. Gold production is projected to reach 54.7 metric tons in 2025, up from 51.7 tons in 2024, which marked a 23% decline from previous years. As one of Africa’s leading gold producers, Mali hosts around 15 operational gold mines, primarily owned by Barrick Gold, B2Gold, Resolute Mining, Endeavour Mining, and Hummingbird Resources. Barrick… Read More Here

International Copper Corporate News Gold

Zijin Mining Sees 52% Profit Growth Amid Rising Copper and Gold Prices

March 26, 2025March 26, 2025 Constance

Zijin Mining Group, China’s largest metals producer, reported a 52% surge in profit for the past year, driven by higher copper and gold prices, as well as increased production. Net income rose to 32.1 billion yuan ($4.4 billion), while sales climbed 3.5% to 303.6 billion yuan, according to an exchange filing. The company had initially expected earnings to increase by 53%, reaching 32 billion yuan. Over the past decade, Zijin has expanded aggressively, becoming a significant global copper supplier through major new projects in the Democratic Republic of Congo and… Read More Here