Corporate News - Copperbelt Katanga Mining

Ivanhoe Electric Plans $60 Million Public Offering for Arizona Copper Project

February 14, 2025February 14, 2025 Constance

Ivanhoe Electric (NYSE American: IE) (TSX: IE) is set to raise $60 million through a public offering of units priced at $5.85 each. The funds will be allocated toward advancing the company’s Santa Cruz copper project in Casa Grande, Arizona. The offering will issue approximately 10.25 million units, each consisting of one common share and one warrant with an exercise price of $7.00 per share. On Wednesday, the stock traded at $6.09 in New York, reflecting a 3% intraday gain and a market capitalization of $733.6 million. Initially targeting $50… Read More Here

Corporate News Events & Expos Gold

Barrick Gold Highlights African Investments at 2025 Mining Indaba

February 10, 2025February 10, 2025 Constance

At the 31st edition of the Investing in African Mining Indaba, Barrick Gold, one of Africa’s top gold producers, made significant contributions. The event, held in South Africa and concluding on Thursday, February 6, 2025, saw Barrick Gold’s CEO, Mark Bristow, presenting the company’s various investments in Africa and worldwide. The 2025 edition of the conference, themed “Preparing the Future of Mining in Africa, Starting Today,” spotlighted Barrick Gold’s strong presence across the continent. The company operates five gold mines in Africa, including Tongon in Ivory Coast, Loulo-Gounkoto in Mali,… Read More Here

Corporate News Gold New Mining Projects

Barrick Gold’s Reserves Surge as Reko Diq and Lumwana Expansion Drive Growth

February 10, 2025February 10, 2025 Constance

Barrick Gold (TSX: ABX, NYSE: GOLD) reported a 23% increase in global gold reserves in 2024, following a reassessment of Pakistan’s massive Reko Diq copper-gold project. The company’s attributable proven and probable gold reserves rose by 17.4 million ounces before depletion, reaching 89 million ounces at a grade of 0.99 grams per tonne, up from 77 million ounces at 1.65 grams per tonne in the previous year. Despite rising gold prices, Barrick’s stock has underperformed due to operational and regulatory challenges in countries like Mali, Papua New Guinea, and the… Read More Here

Mining in Zambia Copper Corporate News New Mining Projects

Jubilee Metals Boosts Copper Production in Zambia with High-Grade Feed at Roan

February 10, 2025February 10, 2025 Constance

London- and Johannesburg-listed Jubilee Metals has restarted its Roan operations in Zambia following stable power restoration. The company is also accelerating copper production by prioritizing the processing of newly secured high-grade copper feed. In response to power outages that disrupted operations in December and January, Jubilee implemented a new power agreement on January 20. With production stability restored, the company has shifted its focus to maximizing output and operational efficiency. Jubilee is prioritizing high-grade copper feed while reviewing options to trade surplus lower-grade stock that does not align with short-… Read More Here

Mining in Zambia Copper Corporate News

Vedanta Seeks $1 Billion to Boost Konkola Copper Mines Production

February 9, 2025February 9, 2025 Constance

Vedanta Resources is looking to raise approximately $1 billion in debt financing to develop Zambia’s Konkola Copper Mines (KCM), according to Chris Griffith, head of the company’s base metals division. While Vedanta previously considered selling at least 30% of its 80% stake in KCM, Griffith indicated that a sale now appears unlikely. “There is a much higher likelihood that we can raise the funds through various financing options,” he told Reuters on the sidelines of the Mining Indaba conference in Cape Town. “We own 80% of the business and clearly,… Read More Here

Mining in Zambia Corporate News Exploration New Mining Projects

Zambia’s IRL Partners with Barrick Gold to Boost Mining Exploration and Development

February 9, 2025February 11, 2025 Constance

Industrial Resources Limited (IRL), a subsidiary of Zambia’s Industrial Development Corporation (IDC), has partnered with Barrick Gold Corporation, a global mining leader, to advance exploration and development in Zambia’s mining sector. This strategic collaboration aims to unlock Zambia’s rich mineral potential, support the country’s mining growth targets, and drive economic development. The initiative aligns with Zambia’s broader vision to expand its mining sector, targeting an annual copper production of three million metric tons over the next decade. By combining IRL’s strong local expertise with Barrick’s world-class mining capabilities, the partnership… Read More Here

Mining in Zambia Corporate News Events & Expos

FQM STANDS WITH GOVERNMENT TO SHAPE THE NEW GLOBAL MINING LANDSCAPE

February 9, 2025February 9, 2025 Constance

CAPE TOWN, SOUTH AFRICA – First Quantum Minerals (FQM) joined mining industry leaders from around the globe in Cape Town last week to reinforce its commitment to Zambia and support the government’s vision of producing 3 million tonnes of copper a year. FQM Director of Corporate Affairs John Gladston shared the platform at the Investing in African Mining Indaba in South Africa with Minister of Mines and Minerals Development Hon. Paul Kabuswe, Zanaco chief executive Mukwandi Chibesakunda and Copperbelt Energy Corporation chief executive Mutale Mukuka. The panel was moderated by… Read More Here

Mining in Zambia Corporate News Infrastructural Development

KCM Partners with ZAMM-IMPORTS for Road Rehabilitation in Chingola and Chililabombwe

February 8, 2025February 8, 2025 Constance

Konkola Copper Mines (KCM) has entered into a strategic partnership with ZAMM-IMPORTS to supply construction materials for a major road rehabilitation project in Chililabombwe and Chingola. This initiative, part of KCM’s Corporate Social Responsibility (CSR) program, aims to enhance critical road infrastructure in the two districts. Under the agreement, KCM will provide ZAMM-IMPORTS with sand and crushed stones at a minimal cost for the next two years. These materials will be used to rehabilitate a 20-kilometre stretch of roads, improving connectivity and accessibility for local communities. During the signing ceremony… Read More Here

Mining in DRC Copper Corporate News

Barrick Expands into Copper Exploration in the DRC

February 6, 2025February 6, 2025 Constance

Barrick Gold is advancing its copper exploration efforts in the Democratic Republic of Congo (DRC), having already secured exploration permits in Haut-Katanga, according to Cyril Mutombo, the company’s Country Director. Speaking at the Investing in African Mining Indaba on February 5, 2025, he emphasized that exploration is the foundation of any mining project. Barrick has significant expertise in copper production, with existing operations in Zambia and Pakistan. The company is investing over $3 billion in expanding its Zambian copper mine, while its Pakistan mine is expected to produce for nearly… Read More Here

Mining in Zambia Corporate News Gemstones

Gemfields Suspends Emerald Sales Amid Zambian Export Duty

January 31, 2025January 31, 2025 Constance

Gemfields (LON: GEM) (JSE: GML), a leading miner of coloured precious stones, has paused the sale of emeralds from its Kagem mine in Zambia following the reintroduction of a 15% export tariff earlier this month. The company hopes the Zambian government will reverse the decision soon. Zambia, the world’s second-largest emerald producer after Colombia, initially imposed the 15% export duty in early 2019, but it was removed in January 2020 following industry pushback. However, the government reintroduced the tariff this year, prompting Gemfields to halt sales. The company had previously… Read More Here