Corporate News - Copperbelt Katanga Mining

DRC’s Anti-Corruption Platform to Review Sicomines Amendment at High-Level Forum 1

The anti-corruption platform “Congo is Not for Sale” (CNPAV) is set to host a high-level forum on March 14, 2025, at the Cercle de Kinshasa in Gombe. The event will evaluate the implementation of Amendment 5 to the Sicomines Convention, signed one year ago between the Democratic Republic of Congo (DRC) and its Chinese partners. In 2008, the DRC signed a “Minerals for Infrastructure” deal with a consortium of Chinese companies, establishing the Sicomines project. While initially presented as a mutually beneficial partnership, the agreement has faced widespread criticism, particularly… Read More Here

Barrick Gold Seeks Resolution in Mali Mining Dispute

March 11, 2025March 11, 2025 Constance

Barrick Gold remains fully engaged in negotiations with the Malian government to resolve their ongoing dispute over the Loulo-Gounkoto gold mining complex, according to a company memo seen by Reuters on Saturday. The conflict stems from Mali’s new mining code, which grants the state a larger stake in mining operations. Since 2023, Barrick and the government have struggled to agree on its implementation. Tensions escalated on January 13, when Barrick temporarily halted mining operations after the government seized three metric tons of gold stock and blocked exports since November 2023.… Read More Here

Mining in DRC Corporate News Governance

CNPAV Demands Fair Renegotiation of Sicomines Agreement to Protect DRC’s Interests

March 9, 2025March 10, 2025 Constance

The Congo Is Not for Sale coalition (CNPAV) is urging the Presidency, the government, Parliament, and the executive committee of the EITI-DRC to take concrete steps to reassess the Sicomines convention and its fifth amendment. The coalition calls for a fairer balance of interests between the parties by addressing structural imbalances, financial losses, and ongoing uncertainty over infrastructure funding. CNPAV reaffirms its commitment to a just renegotiation of the Sicomines contract—one that prioritizes both the short- and long-term interests of the Congolese people and ensures a fairer economic future for… Read More Here

Mining in DRC Corporate News Mining Personality

Chairman of Zijin Mining, Departs as a Director of Ivanhoe’s Board

March 9, 2025March 9, 2025 Constance

Ivanhoe Mines Executive Co-Chair Robert Friedland announced that Mr. Jinghe Chen, Chairman of Zijin Mining Group Co. Ltd., has stepped down from Ivanhoe’s the board of directors and has been replaced with the appointment of Dr. Chun (James) Wang, Vice President of Overseas Operations for Zijin Mining. Mr. Chen has served on Ivanhoe Mines’ board of directors since 2019, following the strategic investment by Zijin Mining into Ivanhoe Mines and the forming of the Kamoa Copper joint venture in 2015. Dr. Wang replaces Mr. Chen on the board of directors,… Read More Here

Mining in Zambia Copper Corporate News News in Brief

Vedanta CEO Visits KCM to Strengthen Commitment to Mine’s Future

March 5, 2025March 5, 2025 Constance

Vedanta Resources Group CEO, Deshnee Naidoo, visited Konkola Copper Mines (KCM) operations in Chingola and Chililabombwe last week to gain firsthand insight into the mine’s operations. Her visit follows her recent appointment to lead Vedanta’s expansion projects. Accompanied by a high-level delegation, including Vedanta Base Metals CEO Christopher Griffith, KCM Chief Operating Officer Malcolm Mewett, and other senior officials, Naidoo’s visit reaffirmed Vedanta’s strong commitment to the future of KCM and its strategic growth plans. Read More Here

International Corporate News Infrastructural Development

Old Mutual Takes Full Ownership of African Infrastructure Investment Managers

March 5, 2025March 5, 2025 Constance

Old Mutual has acquired full ownership of African Infrastructure Investment Managers (AIIM) as part of its strategy to strengthen its asset management portfolio and capitalize on Africa’s growing infrastructure investment opportunities. AIIM, which manages $1 billion in assets, invests in key sectors such as renewable energy, communication infrastructure, toll roads, airports, ports, and pipelines. “This is another important step in achieving Old Mutual’s goal of becoming a leading African financial services provider,” said Ralph Mupita, CEO of Old Mutual Emerging Markets. Infrastructure investment in Africa remains a major growth sector,… Read More Here

Corporate News Mining Personality

ERG CEO Seeks Chinese Investment in Key African and Central Asian Mines

March 4, 2025March 4, 2025 Constance

Shukhrat Ibragimov, the newly appointed CEO of Eurasian Resources Group (ERG), is actively courting Chinese investment in the company’s world-class deposits of critical minerals across Africa and Central Asia. Since taking over as chairman and CEO in 2024, Ibragimov has made a series of overtures to Chinese partners, emphasizing their role in the global green transition, stating, “There is no green transition without China.” ERG holds vast copper and cobalt deposits in the Democratic Republic of Congo (DRC), worth hundreds of millions of dollars. These minerals are at the center… Read More Here

International Corporate News Gold

Allied Gold Sells 50% Stake to UAE’s Ambrosia in $500M Deal to Boost Operations

February 28, 2025February 28, 2025 Constance

Canadian mining company Allied Gold has sold a 50% stake to UAE-based investment fund Ambrosia Investment Holding in a $500 million deal. The transaction includes $250 million in upfront cash, providing Allied with the necessary capital to accelerate operations at the Sadiola Mine in Mali and the Kurmuk Mine in Ethiopia. The partnership will create a joint venture focused on expanding Sadiola’s operations, including the deployment of solar PV and battery energy storage systems in collaboration with UAE-based ATGC by July 2026. The first-phase expansion is set to increase gold… Read More Here

International Corporate News Gold

B2Golds Otjikoto Mine Record Production and Strategic Growth Plans for 2025

February 28, 2025February 28, 2025 Constance

B2Gold’s Otjikoto Mine in Namibia, in which the company holds a 90% interest, had a strong performance in 2024, producing 198,142 ounces of gold, nearly at the midpoint of its guidance range of 185,000 to 205,000 ounces. For the year ending December 31, 2024, the mill feed grade was 1.87 g/t, with mill throughput at 3.34 million tonnes, and a gold recovery rate averaging 98.6%. In the fourth quarter of 2024, the Otjikoto Mine produced 52,452 ounces of gold. The mill feed grade for the fourth quarter was 2.10 g/t,… Read More Here

International Corporate News

Rio Tinto Workers Push for Collective Bargaining After 20-Year Gap

February 28, 2025February 28, 2025 Constance

Australia’s Mining and Energy Union (MEU) announced on Thursday that it will launch a petition at Rio Tinto’s Paraburdoo mine in the Pilbara region, seeking to initiate collective bargaining for the first time in over 20 years. The petition aims to allow workers to negotiate a collective agreement that would: The move is also a step toward leveraging Australia’s “same job, same pay” legislation, which requires a collective agreement to be in place for workers to benefit from its provisions. Australian unions have been testing the “same job, same pay”… Read More Here