Corporate News - Copperbelt Katanga Mining

Jubilee Metals Makes Major Strides in Zambian Copper Expansion

August 6, 2025August 6, 2025 Constance

Jubilee Metals Reports Strong Copper Growth in Zambia, Eyes 10,000t Boost in 2026 Amid Strategic Asset Expansion Diversified metals producer Jubilee Metals has announced substantial progress across its copper operations in Zambia, marking a critical milestone in its long-term copper expansion strategy. According to CEO Leon Coetzer, all essential assets are now in place to maintain momentum and drive sustainable growth. Jubilee’s Zambian strategy draws on the company’s extensive processing experience from its South African chrome and platinum group metals (PGM) operations, which are currently in the final stages of… Read More Here

Uncategorized Corporate News Gold International

Barrick Gold Enhances Transparency with Tailings Disclosure Aligned to Global Standards

August 6, 2025August 6, 2025 Constance

Barrick Gold Reports Full Tailings Storage Disclosure in Line with Global Industry Standard on Tailings Management Barrick Gold Corporation, listed on the NYSE and TSX, has released detailed disclosures of its tailings storage facilities (TSFs) in line with the Global Industry Standard on Tailings Management (GISTM), reaffirming its commitment to safety, transparency, and environmental responsibility. The disclosures provide site-level data for all relevant TSFs that Barrick owns, operates, or has in the design phase. This initiative underscores the company’s active role in developing the GISTM and its alignment with best… Read More Here

Mining in Zambia Corporate News Safety & Health

Kansanshi Mining Earns Second Place in Zambia’s 2025 National First Aid Competition

August 3, 2025August 3, 2025 Constance

Kansanshi Mining Places Second in Zambia’s 2025 Inter-Company First Aid Competition, Showcasing Safety Excellence Kansanshi Mining PLC secured a commendable second place at the 2025 Zambia Chamber of Mines Inter-Company First Aid Competition, underscoring its steadfast commitment to workplace health and safety. The prestigious event was hosted by Mopani Copper Mines at Nkana Stadium in Kitwe under the theme “First Aid in a Digital World.” A total of 21 companies participated, showcasing advanced life-saving skills and innovative safety practices. Despite the challenge of fielding an entirely new team—per regulations requiring… Read More Here

Corporate News Diamond International

Botswana Aims for Majority Stake in De Beers as Anglo American Prepares Exit

August 3, 2025August 3, 2025 Constance

Botswana Seeks Majority Control of De Beers Amid Anglo American’s Exit Strategy The Government of Botswana has signaled its intention to acquire a controlling stake in diamond giant De Beers, according to Mining.com, citing a report from the Financial Times. This move adds a new layer of complexity to Anglo American’s ongoing efforts to divest its ownership of the iconic diamond producer. Currently, Botswana holds a 15% stake in De Beers and owns 50% of Debswana, a joint venture with the company that handles a significant portion of De Beers’… Read More Here

Gemstones Corporate News

Gemfields Reports $60M in Auction Revenue, Nears Completion of Second Ruby Plant

July 31, 2025July 31, 2025 Constance

Gemfields Achieves $60M in H1 Auction Revenue, Set to Launch New Ruby Plant in Mozambique Gemfields, the AIM-listed gemstone producer, has announced total auction revenues of $60 million for the six months ended June 30, 2025. As of June 30, the company reported a net debt position of $59.6 million, prior to factoring in $16.1 million in auction receivables. This figure includes proceeds from a fully underwritten $30 million rights issue completed on June 13, which involved the issuance of 556.2 million new shares. Significant operational progress is also underway.… Read More Here

International Copper Corporate News

Vedanta Misses Quarterly Profit Estimates Despite Revenue Growth in Aluminium and Copper

July 31, 2025July 31, 2025 Constance

Vedanta Misses Profit Forecasts as Lower Aluminium and Copper Prices, Higher Taxes Weigh on Earnings Indian conglomerate Vedanta Ltd. fell short of quarterly profit expectations for the three months ending June 30, as declining aluminium and copper prices along with higher tax expenses outweighed gains from strong domestic demand. Despite reporting a 6.2% year-on-year increase in total revenue to ₹374.34 billion ($4.3 billion), Vedanta’s consolidated net profit dropped to ₹31.85 billion, down from ₹36.06 billion during the same quarter last year. Analysts polled by LSEG had expected a profit of… Read More Here

Copper Corporate News

Glencore Boosts Copper-Equivalent Output by 5%, Targets $1 Billion in Cost Cuts by 2026

July 31, 2025July 31, 2025 Constance

Glencore Reports 5% Rise in Copper Equivalent Output, Unveils $1 Billion in Cost-Saving Opportunities Diversified mining giant Glencore reported a 5% year-on-year increase in copper equivalent production for the six months ending June 30, 2025, driven by the integration of Elk Valley Resources’ steelmaking coal volumes. According to the Johannesburg Stock Exchange-listed company, steelmaking coal production totaled 15.7 million tonnes, with 12.7 million tonnes contributed by Elk Valley Resources in Canada. Australian steelmaking coal output fell 12% to 3 million tonnes, primarily due to a temporary suspension at Oaky Creek… Read More Here

Mining in DRC Corporate News

Ivanhoe Mines Delivers Strong Q2 Results Amid Operational Resilience Across Key Projects

July 31, 2025July 31, 2025 Constance

Ivanhoe Mines Posts $35M Q2 Profit, Highlights Progress at Kamoa-Kakula, Platreef, and Kipushi Operations Ivanhoe Mines has reported a second-quarter profit of $35 million, alongside adjusted EBITDA of $123 million. This includes $128 million in attributable EBITDA from the Kamoa-Kakula copper complex in the Democratic Republic of Congo (DRC). Kamoa-Kakula produced 112,009 tonnes of copper during the quarter. The Phase 1 and 2 concentrators operated at 85% of their design capacity, while the newly commissioned Phase 3 concentrator exceeded expectations, running at 30% above its design capacity. Operations at the… Read More Here

International Copper Corporate News

Codelco Chairman Welcomes U.S. Decision to Exclude Copper Cathodes from Tariffs

July 31, 2025July 31, 2025 Constance

Codelco Applauds U.S. Tariff Exemption on Copper Cathodes: Positive News for Chilean Exports The chairman of Codelco, the world’s largest copper producer, expressed optimism on Wednesday regarding the United States’ decision to exclude copper cathodes from newly proposed tariffs. “A preliminary reading suggests that tariffs will not be applied to copper cathodes, allowing us as a country to continue supplying that market,” said Máximo Pacheco, chairman of Chile’s state-owned mining company, in an interview with Reuters. “It’s good news for Chile and for Codelco.” Chile is not only the world’s… Read More Here

International Corporate News

Fortescue Resets Hydrogen Strategy Amid Record-Breaking Iron Ore Performance

July 28, 2025July 28, 2025 Constance

Fortescue Scales Back Hydrogen Projects, Posts Record 198.4M Tonnes Iron Ore Shipments in FY2025 Fortescue has significantly scaled back its global green hydrogen ambitions, shelving its Arizona hydrogen initiative and the PEM50 electrolyser project as part of a strategic reset. Meanwhile, its core iron ore operations have posted record-breaking results for the 2025 financial year. The Australian miner, led by founder Andrew Forrest who had long championed hydrogen as a future growth avenue, is now taking a more measured approach. The company said its energy project pipeline is being “refined… Read More Here