Corporate News - Copperbelt Katanga Mining

Vedanta IPO Plans Boost Zambia’s Ambitious Copper Growth Strategy

June 20, 2026June 20, 2026 Constance

Vedanta’s Planned CopperTech IPO Could Accelerate Konkola Expansion, ZCCM Says Zambia’s ZCCM Investment Holdings says Vedanta Resources’ planned initial public offering (IPO) of its copper business could significantly accelerate the development of the $2.7 billion Konkola Deep Mining Project (KDMP), one of the country’s most ambitious copper expansion initiatives. Vedanta is preparing to list CopperTech Metals, a US-domiciled integrated copper and cobalt producer that will hold the group’s mining assets, including its 79% stake in Konkola Copper Mines (KCM). ZCCM Investment Holdings owns the remaining 21% of KCM. The planned… Read More Here

International Copper Corporate News

Environmental Audit Finds Cobre Panama Largely Compliant as Debate Over Mine Restart Intensifies

June 20, 2026June 20, 2026 Constance

Cobre Panama Environmental Audit Finds 88% Compliance, Clearing Key Hurdle for Potential Mine Restart A final environmental audit of First Quantum Minerals’ suspended Cobre Panama mine has found that the project complies with the majority of its environmental obligations, although shortcomings remain in biodiversity management, ecological restoration and environmental monitoring. The audit, commissioned by Panama’s Ministry of Environment and conducted by Société Générale de Surveillance (SGS), reviewed the mine’s legal, fiscal, environmental and operational performance. It assessed compliance with 370 commitments established under the project’s Category III Environmental Impact Assessment… Read More Here

Copper Corporate News

Galileo Resources Sells Botswana Copper Subsidiary in Up to $83 Million Deal with Sandfire Unit

June 18, 2026June 18, 2026 Constance

Galileo Resources Agrees to Sell Virgo Subsidiary to Sandfire Unit in Deal Worth Up to $83 Million Based on Copper Discovery Success Copper and battery metals exploration company Galileo Resources has entered into an agreement to sell its wholly owned subsidiary, Virgo Business Solutions, to Metal Exploration Capital, a subsidiary of ASX-listed Sandfire Resources. Virgo Business Solutions holds copper prospecting licences in Botswana. The transaction includes an upfront payment of US$3 million, along with a potential contingent success payment ranging between US$20 million and US$80 million, depending on the quantity… Read More Here

Mining in Zambia Coal Copper Corporate News

KCM Plans US$317 Million Coal Power Plant to Strengthen Energy Security for Zambia’s Copper Operations

June 18, 2026June 18, 2026 Constance

Konkola Copper Mines to Build 300MW US$317 Million Coal Power Plant to Address Zambia’s Electricity Shortages Konkola Copper Mines (KCM), a subsidiary of Vedanta Resources, has announced plans to develop a US$317 million coal-fired power plant in Zambia as part of efforts to mitigate persistent electricity shortages affecting mining operations across the country. The proposed facility will have a planned generation capacity of 300 megawatts and is expected to be developed in two phases. According to the company, the project is designed to enhance energy reliability for KCM, one of… Read More Here

International Corporate News Energy

Essar Group and IRH Seal US$500 Million Energy Trading and Crude Supply Facility for UK Refinery Operations

June 18, 2026June 18, 2026 Constance

Essar Energy Transition Fuels and IRH Sign US$500 Million Deal to Strengthen Crude Supply Security and Trading Flexibility International Resources Holding (IRH) and the Essar Group have announced the successful execution of a US$500 million crude sourcing and refined products supply facility between Essar Energy Transition Fuels and IRH Global Trading. The agreement is designed to enhance feedstock security and improve trading flexibility for Essar Energy Transition Fuels, while also optimizing its working capital structure. It will allow the company to diversify crude sourcing and product marketing options in response… Read More Here

Mining in DRC Corporate News New Mining Projects Tin

Rome Resources Begins Tin Mining Programme at Kalayi Project in DRC to Support Licence Conversion

June 16, 2026June 16, 2026 Constance

Rome Resources Launches Tin Mining Programme at Kalayi Project in DRC to Advance Mining Licence Conversion Aim-listed Rome Resources has launched a small-scale tin mining programme at its Kalayi project in the Democratic Republic of Congo (DRC). The initiative is intended to meet key regulatory requirements necessary for converting the company’s small-scale exploration permit into a full mining licence. The company expects that achieving this milestone will facilitate its planned increase in ownership of the PEPM 13274 licence, as previously announced in April. This step is also anticipated to strengthen… Read More Here

Mining in Zambia Corporate News New Mining Projects Zinc

Shuka Minerals Intersects High-Grade Zinc Mineralisation at Kabwe Mine in Zambia

June 11, 2026June 11, 2026 Constance

Shuka Minerals Reports Up to 29.58% Zinc in New Kabwe Drill Results as Expansion Drilling Continues Aim-listed Shuka Minerals has announced the successful completion of its third diamond drill hole, KBDD03, at the Number 2 orebody of its Kabwe zinc mine in Zambia, delivering further high-grade zinc intercepts as part of its ongoing exploration programme. The third drill hole was designed to test the orebody approximately 30 metres east of the KBDD01 intersection at a depth of about 250 metres. It was drilled at an inclination of 65° on a… Read More Here

Mining in Zambia Copper Corporate News

Jubilee Metals Restarts Copper Deliveries as Molefe Mine Expansion Accelerates Zambia Growth Strategy

June 11, 2026June 11, 2026 Constance

Jubilee Metals Boosts Zambia Copper Output with Restart of Sable Refinery Deliveries from Expanded Molefe Mine Aim-listed Jubilee Metals has resumed run-of-mine (RoM) copper deliveries to its Sable refinery in Zambia, following the restart of processing operations supported by the successful expansion of Molefe mine’s Pit 2. The development forms part of the company’s updated mine plan, which integrates Pits 2 and 3 into a single, larger operational area. According to the company, refining activities at the Sable facility have restarted in parallel with increased mining output, marking a key… Read More Here

Mining in DRC Corporate News Mergers & Acquisitions

Copper Intelligence Expands DRC Copperbelt Footprint with Kasenga PR9 Acquisition

June 10, 2026June 10, 2026 Constance

Copper Intelligence Acquires Kasenga PR9 in DRC, Boosting Kitungu Copper Project Expansion Potential Mineral exploration company Copper Intelligence has acquired the Kasenga PR9 concession in the Democratic Republic of Congo (DRC), strengthening its presence in the Copperbelt region and expanding the potential of its Kitungu copper project. The newly acquired license covers nine exploration blocks across 758 hectares and is located directly east of the company’s existing Kisungu–Kitungu project area. Previous drilling in the region indicates that copper mineralization remains open along strike, suggesting further exploration upside. The Kitungu project… Read More Here

Mining in DRC Corporate News Mining Personality

Godard Motemona Appointed Director General of Congo’s Mining Fund for Future Generations (FOMIN)

June 8, 2026June 8, 2026 Constance

DRC Appoints Godard Motemona as New Director General of FOMIN to Oversee Mining Wealth for Future Generations Godard Motemona has been appointed Director General of the Mining Fund for Future Generations (FOMIN), replacing Faustin Biringanine, according to a presidential order read on national television on Wednesday, June 3, 2026. He assumes leadership of the strategic public institution responsible for safeguarding a portion of mining revenues to ensure long-term benefits for future generations in the Democratic Republic of Congo. Prior to this appointment, Motemona served as Vice Minister of Mines in… Read More Here