Corporate News - Copperbelt Katanga Mining

Ivanhoe Mines Confirms Kamoa-Kakula Achieved a Record 50,176 Tonnes of Copper Production in April 1

Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Executive Co-Chairman Robert Friedland and President and Chief Executive Officer Marna Cloete announced today that the Phase 1, 2, and 3 concentrators at the Kamoa-Kakula Copper Complex in the Democratic Republic of the Congo (DRC) achieved a monthly combined production record of 50,176 tonnes of copper in concentrate during the 30 days of April. The concentrators milled 1.35 million tonnes of ore at an average feed grade of 4.19% copper during the month. The recently ramped-up Phase 3 concentrator achieved an average recovery rate of… Read More Here

Copper Corporate News Drilling New Mining Projects

Xtract Doubles Strike Length at Zambia’s Silverking Project with Promising High-Grade Results

May 3, 2025May 3, 2025 Constance

Xtract Resources, an Aim-listed company, has announced that recent assay results from its ongoing drilling campaign at the Silverking copper project in Zambia have doubled the strike length of high-grade mineralisation to over 160 metres. The company, which is working to earn up to a 70% stake in the project from Oval Mining, released results from a second batch of diamond drill holes. These results confirmed consistent high-grade copper and silver mineralisation across significant widths. In addition, Xtract noted that its metallurgical testwork now includes efforts to upgrade and pre-concentrate… Read More Here

Mining in Zambia Copper Corporate News

Vedanta Considers Listing Zambian Copper Unit to Fund $1 Billion Investment

May 3, 2025May 3, 2025 Constance

Vedanta Resources, the mining and energy conglomerate led by Indian billionaire Anil Agarwal, is exploring a possible stock market listing of its Zambian copper division to raise capital for major investment in the asset. “Listing is an option,” said Ajay Goel, Chief Financial Officer of Vedanta Ltd., adding that while no specific timeline has been set, the idea is actively being considered. He did not disclose the potential size or location of the listing. The move follows Vedanta’s reinstatement as the operator of Konkola Copper Mines (KCM) in Zambia last… Read More Here

International Corporate News Gold

Barrick Gold Corporation Plans to Change Name to BARRICK MINING CORPORATION

April 30, 2025April 30, 2025 Constance

Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) (“Barrick” or the “Company”) today announced that it plans to change its name to Barrick Mining Corporation and from « Société aurifère Barrick » to « Société minière Barrick » in French, subject to shareholder approval at its upcoming Annual and Special Meeting of Shareholders on May 6, 2025. In connection with its name change, the Company also plans to change its ticker symbol for the Barrick common shares listed on the New York Stock Exchange from ‘GOLD’ to ‘B’, to become effective at the start… Read More Here

International Corporate News Gold

Barrick Announces Sale of Stake in Donlin Gold Project for Up To $1.1 Billion

April 30, 2025April 30, 2025 Constance

Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) (“Barrick”) today announced that it has reached an agreement to sell the 50 percent interest in the Donlin Gold Project in Alaska held by Barrick’s subsidiary Barrick Gold U.S. Inc. to affiliates of Paulson Advisers LLC (“Paulson”) and NOVAGOLD Resources Inc. (NYSE American, TSX:NG) for $1 billion in cash. In addition, Barrick has granted NOVAGOLD an option to purchase the outstanding debt owed to Barrick in connection with the Donlin Gold Project for $90 million if purchased prior to closing, or for $100 million if purchased… Read More Here

Mining in DRC Corporate News Events & Expos

ERG Africa Champions Women’s Inclusion at Kinshasa Mining Event

April 28, 2025April 28, 2025 Constance

As a proud member of the Chambre des Mines – Fédération des Entreprises du Congo, ERG Africa was honoured to actively participate in the Women’s Day event held on 16 April in Kinshasa. The event, attended by the Governor of Kinshasa, His Excellency Mr. Daniel Bumba, placed a strong focus on advancing women’s inclusion in the mining sector, particularly through local subcontracting initiatives. ERG Africa CEO, Nicolas Treand, took part in a panel discussion alongside two of the company’s partners, Dana Mopulunga, Managing Director of Degymo Group, and Stephanie Taky,… Read More Here

Gold Corporate News

Ghana and Gold Fields Reach Transitional Agreement on Damang Mine

April 28, 2025April 28, 2025 Constance

Ghana’s government and Gold Fields have agreed on a transitional plan for the Damang mine following the country’s decision to assume operational control after rejecting the company’s lease renewal application—a break from the tradition of automatic renewals. In a statement on Wednesday, the Ghanaian presidency announced that a new 12-month mining lease will be issued to a Gold Fields subsidiary, pending parliamentary ratification in May. During the transition period, Gold Fields will resume open-pit mining activities and conduct feasibility studies to determine Damang’s remaining reserves and future mine life. The… Read More Here

Lithium Battery Metals Corporate News International

Premier African Minerals Signs LOI with Glencore for Zulu Lithium Concentrate

April 28, 2025April 28, 2025 Constance

Premier African Minerals (Premier) has signed a non-binding Letter of Interest (LOI) with Glencore International regarding the potential sale of spodumene concentrate from its Zulu Lithium and Tantalum Project in Zimbabwe. The LOI outlines preliminary terms for a future binding agreement, contingent on the Zulu Project meeting specific production standards, particularly in grade and volume. Premier aims to finalise the binding agreement within the next three months, with support from Canmax Technologies. Located approximately 80 km from Bulawayo, the Zulu Project is one of Zimbabwe’s largest undeveloped lithium-bearing pegmatites, covering… Read More Here

Mining in Zambia Corporate News Technology & Innovation

FQM Partners with ICTAZ to Drive Professionalism and Innovation in Zambia’s Tech Sector

April 27, 2025April 27, 2025 Constance

In a bid to foster professionalism and innovation in Zambia’s tech sector, First Quantum Minerals (FQM) has made a K200,000 donation to the ICT Association of Zambia (ICTAZ) in support of its upcoming 2025 Annual General Meeting (AGM). The ICTAZ AGM serves as a crucial platform for over 600 professionals to explore the role of Information and Communication Technology (ICT) in national development. This year’s theme, “Exploring AI’s Potential to Accelerate Digital Transformation and Economic Growth in Zambia,” aligns with the drive to harness innovation and efficiency in key sectors.… Read More Here

Mining in DRC Corporate News Drilling New Mining Projects

Rome Resources to Resume Drilling at Bisie North as Security Improves in Eastern DRC

April 27, 2025April 27, 2025 Constance

On April 24, 2025, Rome Resources announced plans to resume drilling at its Bisie North tin project in eastern Democratic Republic of Congo (DRC), after suspending operations on March 14 due to security concerns. The company aimed to restart drilling within 10 days, targeting high-grade tin deposits at greater depths. This phase was budgeted at $1.6 million, funded from Rome’s $2.7 million in cash reserves. The decision followed the withdrawal of the M23 rebel group from the region and Alphamin Resources’ April 9 announcement of a gradual restart of production… Read More Here