Corporate News - Copperbelt Katanga Mining

Zijin Mining Emerges as Lead Bidder for Barrick's Tongon Gold Mine in Côte d’Ivoire 1

Zijin Mining Poised to Acquire Barrick’s Tongon Gold Mine in Côte d’Ivoire for Up to $500 Million Zijin Mining, one of China’s largest gold and copper producers, is the leading contender to acquire Barrick Gold’s Tongon mine in northern Côte d’Ivoire for up to $500 million, according to two sources familiar with the matter. Barrick, the world’s third-largest gold producer, is actively reshaping its asset portfolio by prioritizing high-margin, long-life operations, with increasing emphasis on copper and strategic assets across Africa and the Middle East. The move comes amid mounting… Read More Here

International Copper Corporate News

Teck Resources Lowers Output Forecast at Chile Copper Mine Amid Operational Setbacks

July 27, 2025July 27, 2025 Constance

Teck Resources Cuts Copper Production Forecast at Quebrada Blanca Mine Due to Tailings and Equipment Issues Teck Resources Ltd. has reduced its 2024 production guidance for its flagship Quebrada Blanca copper mine in Chile, citing ongoing operational challenges that continue to hinder its ramp-up efforts. The large-scale open-pit mine, known as QB2, is located in the high Andes and is experiencing issues related to tailings storage. In its latest earnings statement and conference call on Thursday, Teck disclosed that these issues are not only requiring additional spending but are also… Read More Here

Mining in DRC Battery Metals Corporate News New Mining Projects

KoBold Metals Files for Exploration Permits with CAMI in the DRC

July 27, 2025July 27, 2025 Constance

KoBold Metals Seeks Over $1 Billion Lithium Investment in DRC Amid Legal Dispute Over Manono Mine Benjamin Katabuka, CEO of KoBold Metals in the Democratic Republic of Congo, officially submitted exploration permit applications to the DRC’s Mining Registry last Wednesday. Following the submission, Katabuka held a high-level meeting with Popol Mabolia Yenga, CEO of the Mining Cadastre. This development comes on the heels of a strategic agreement signed on July 17, 2025, between the Congolese government and KoBold Metals, an American start-up leveraging artificial intelligence to locate and extract critical… Read More Here

International Copper Corporate News Diamond

Anglo American Sees Copper and Diamond Output Slide as Restructuring Efforts Continue

July 27, 2025July 27, 2025 Constance

Anglo American Reports 13% Drop in Copper Output and 26% Fall in Diamond Production Amid Sluggish Demand Anglo American, the London-listed global mining giant, reported a 13% decline in copper production and a 26% drop in rough diamond output for the first half of 2025, reflecting continued weakness in global demand. Copper output fell to 342,200 metric tons, down from the same period last year. However, the company reaffirmed its full-year copper production guidance of 690,000 to 750,000 tons, slightly lower than the 773,000 tons mined in 2024. Copper remains… Read More Here

International Corporate News

Trafigura Faces Pressure Over Share Buybacks Amid Executive Departures and Declining Profits

July 27, 2025July 27, 2025 Constance

Trafigura Delays Share Buybacks as Executive Exodus and Falling Profits Raise Investor Concerns A wave of senior executive departures is putting increased pressure on Trafigura Group’s ability to uphold its employee share buyback commitments, just as its recent profit surge begins to fade. According to people familiar with the matter, Trafigura has postponed approximately 30% of the share repurchases planned for this year. This deferral has sparked concern among current and former traders—many of whom have the majority of their personal wealth tied up in the company—about whether further delays… Read More Here

International Corporate News Mining safety

Newmont Successfully Rescues Trapped Workers After Rockfalls at Red Chris Mine in British Columbia

July 27, 2025July 27, 2025 Constance

Three Workers Rescued After 60-Hour Ordeal at Newmont’s Red Chris Mine in B.C. Three workers trapped underground for more than 60 hours at Newmont Corporation’s Red Chris mine in northwest British Columbia have been safely rescued, the company confirmed late Thursday night. The workers — Kevin Coumbs, Darien Maduke, and Jesse Chubaty — contractors employed by B.C.-based Hy-Tech Drilling, were brought to the surface around 10:40 p.m. local time (1:40 a.m. ET Friday). According to Newmont, all three were in “good health and spirits” after their rescue. The incident began… Read More Here

Mining in Zambia Corporate News Gold

FQM Eyes Gold Streaming from Zambia Mines to Strengthen Balance Sheet

July 27, 2025July 27, 2025 Constance

First Quantum Considers Gold Pre-Payment Deal to Bolster Finances Amid Zambia, Panama Mine Challenges Canadian mining firm First Quantum Minerals is evaluating a gold pre-payment or streaming deal tied to its Zambian operations as a way to strengthen its balance sheet, Chief Financial Officer Ryan MacWilliam told analysts on Thursday. The move comes as the company seeks alternative funding avenues beyond a minority stake sale in its Zambian assets. Last year, First Quantum had explored selling a minority interest in its Kansanshi and Sentinel mines in Zambia. While that option… Read More Here

International Copper Corporate News

FQM Projects $18M Monthly Cost to Maintain Closed Cobre Panama Mine

July 27, 2025July 27, 2025 Constance

First Quantum Sees Monthly Maintenance Costs Rise at Panama Copper Mine Canadian mining company First Quantum Minerals announced on Wednesday that it expects monthly costs related to the upkeep of its closed Cobre Panama copper mine to rise to approximately $17 million to $18 million. This increase follows Panama’s approval in May of the company’s Preservation and Safe Management (P&SM) plan, which permits First Quantum to export copper concentrate stored at the site and restart the thermoelectric power plant at the mine. Cobre Panama has been shut since 2023, after… Read More Here

Mining in Zambia Corporate News Energy Press Release

Mining Industry’s Contribution to Energy Sector Paves Way for Renewable Power Integration and Investment

July 25, 2025July 25, 2025 Constance

In order to stabilise the 330kV electricity network in Zambia’s North-Western Province, ZESCO, along with partners FQM and Barrick, is embarking on a major initiative to strengthen and modernise the region’s power infrastructure. The project, the result of a collaborative effort between ZESCO, FQM, Barrick and technical partners ADC and Zutari, is aimed at developing and implementing a robust solution for the long-term stability and reliability of the electricity network, which is crucial for supporting the expanding mining operations in the region. FQM will be implementing the first phase of… Read More Here

Mining in Zambia Corporate News New Mining Projects

FQM REPORTS Q2 RESULTS AND S3 PROJECT COMPLETION

July 24, 2025July 24, 2025 Constance

The development of First Quantum Minerals’ Kansanshi S3 expansion project in North-Western Province is nearing completion, with first copper production forecast for the second half of this year. The update comes as FQM announced its global financial and operating results for the second quarter of 2025, reporting gross profits of US$351 million for the second quarter, a 6 percent increase compared to the previous quarter, attributed to higher copper and gold prices. FQM’s total copper production worldwide for the second quarter was 91,069 tonnes, a 9 percent decrease from the… Read More Here