Corporate News - Copperbelt Katanga Mining

Trafigura Secures Copper Anodes in $200M Prepayment Deal with Ivanhoe Mines

July 13, 2025July 13, 2025 Constance

Trafigura Pays $200M for Congo Copper in Ivanhoe Smelter Deal Amid Tightening Global Supplyy Trafigura Group has agreed to pay $200 million in a prepayment deal to secure copper anodes from Ivanhoe Mines’ new smelter in the Democratic Republic of Congo (DRC), which is expected to begin operations in September. The agreement, finalized in June, was announced by Ivanhoe in a statement on Tuesday. The deal highlights the growing trend of global commodity trading firms — including Mercuria and Vitol — offering upfront financing to lock in future supplies of… Read More Here

Transport and Logistics Corporate News International

Liberia Signs $1.8 Billion Deal with Ivanhoe Atlantic to Revamp Railway for Guinea Iron Ore Exports

July 13, 2025July 13, 2025 Constance

Liberia, Ivanhoe Atlantic Ink $1.8B Railway Deal to Export Guinea Iron Ore via Revamped Corridor The Government of Liberia has signed a $1.8 billion infrastructure agreement with U.S.-based Ivanhoe Atlantic Inc., enabling the mining company to rehabilitate and utilize Liberia’s railway network for transporting iron ore from neighboring Guinea to export markets. The U.S. Embassy in Liberia described the deal as “a crucial step” in advancing President Joseph Boakai’s agenda to implement a multi-user rail policy and attract foreign direct investment. “This agreement supports President Boakai’s vision of opening Liberia’s… Read More Here

Mining in Zambia Corporate News

Jubilee Metals Appoints Shard Capital as Joint Broker Amid Strategic Pivot to Zambia

July 13, 2025July 13, 2025 Constance

Jubilee Metals Names Shard Capital as Joint Broker, Advances $90M Asset Sale in South Africa Diversified metals producer Jubilee Metals Group has appointed Shard Capital Partners as its joint broker with immediate effect, replacing RBC Capital Markets. Shard Capital will now work alongside Zeus Capital to support Jubilee’s capital markets activities and investor relations. The appointment marks a renewed collaboration, as the two companies have maintained a longstanding relationship. The change in brokerage support comes as Jubilee sharpens its strategic focus on Zambia, shifting away from its South African chrome… Read More Here

Mining in Zambia Corporate News Energy

CEC to Add Over 800 MW of Solar Power to Zambia’s Grid by 2027 Amid Hydropower Shortfalls

July 13, 2025July 13, 2025 Constance

Zambia’s CEC Targets 800+ MW Solar Expansion by 2027 to Offset Hydropower Deficit Zambia’s Copperbelt Energy Corporation (CEC) plans to add more than 800 MW of solar energy to the national grid by the end of 2027, significantly expanding the country’s renewable energy portfolio. This initiative supports Zambia’s national goal to diversify its energy mix and address hydropower shortfalls caused by climate change. Historically, Zambia has relied heavily on hydropower, particularly from the Kariba Dam. Under normal conditions, the country’s share of generation from the dam is around 3 GW,… Read More Here

Mining in Zambia Copper Corporate News Economy

Barrick CEO Reaffirms Long-Term Copper Optimism Despite U.S. Tariff Shock

July 13, 2025July 13, 2025 Constance

Barrick CEO Says Copper Demand Will Outpace Supply Despite U.S. Tariff Volatility Copper miners remain confident in the metal’s long-term prospects, despite the short-term price turbulence caused by the United States’ newly announced 50% tariff on imported copper, according to Barrick Gold CEO Mark Bristow. Speaking in Lusaka, Zambia—where Barrick is significantly expanding its copper operations—Bristow emphasized that the underlying fundamentals for copper remain strong, even as geopolitical decisions create short-term uncertainty. On Wednesday, U.S. President Donald Trump announced a new 50% tariff on copper imports, effective August 1, citing… Read More Here

Mining in Zambia Copper Corporate News

FQM’s Stake in Prospect Resources set to Extend Sentinel Mine and Drive Zambia’s Copper Growth

July 13, 2025July 13, 2025 Constance

FQM Targets Sentinel Mine Life Extension Through Strategic Investment in Mumbezhi Copper Project First Quantum Minerals’ (FQM) recent strategic investment in Prospect Resources could significantly extend the life of its flagship Sentinel copper mine in Zambia, according to FQM Country Director Anthony Mukutuma. In April, the Canada-based mining giant acquired a 15% stake in Prospect Resources, becoming the largest shareholder in the Australia-listed exploration company. This move marks a key step in strengthening FQM’s copper resource base in Zambia. READ ALSO:FQM Invests in Prospect Resources to Advance Mumbezhi Copper Project… Read More Here

Mining in Zambia Copper Corporate News

Barrick’s $2B Lumwana Expansion to Double Copper Output and Drive Sustainable Growth in Zambia

July 13, 2025July 13, 2025 Constance

Barrick’s $2 Billion Lumwana Mine Expansion Set to Double Copper Output and Boost Zambia’s Economy Construction of the $2-billion expansion at Barrick Gold Corporation’s Lumwana copper mine in Zambia is well underway, marking a pivotal step in its transformation into a world-class Tier 1 copper operation. The project is being spearheaded by the NYSE- and TSX-listed mining giant and is set to significantly increase output and economic impact. During a recent visit to Lusaka, Barrick president and CEO Mark Bristow highlighted how the expansion builds on a remarkable turnaround that… Read More Here

International Corporate News Gold

Mali Military Airlifts $107M in Gold from Barrick’s Loulo-Gounkoto Mine to Fund Operations

July 11, 2025July 15, 2025 Constance

Mali Military Airlifts Gold from Barrick’s Loulo-Gounkoto Mine Amid Operational Restructuring A Malian military helicopter transported gold from Barrick Gold’s (NYSE: GOLD) Loulo-Gounkoto mining complex on Thursday, according to a report by Reuters. The airlift follows a court-appointed administrator’s decision to sell the site’s bullion to help finance ongoing operations. According to the report, the helicopter landed at the mine’s tree-lined airstrip and was met by the site’s security team. The personnel were then escorted to the plant’s gold room, where the bullion was loaded. The aircraft departed five hours… Read More Here

Corporate News Gemstones Precious Stones

Gemfields Nears Completion of Montepuez Ruby Mine Expansion Amid Challenges

July 11, 2025July 11, 2025 Constance

Gemfields to Triple Ruby Output as $70M Montepuez Expansion Nears Completion Gemfields, the UK-based leader in coloured gemstone mining, is nearing the final stages of a major expansion at its Montepuez ruby mine in Mozambique. The $70 million project is expected to significantly increase production capacity, despite recent delays and operational challenges. The company announced that construction of its second processing plant at Montepuez is now 95% complete. Once commissioned, the facility will boost the mine’s ore processing capacity from 200 to 600 tonnes per hour—effectively tripling its throughput. Completion… Read More Here

Corporate News Copper Mining in DRC

Ivanhoe Mines Reports 112,009 Tonnes of Copper Produced by Kamoa-Kakula in Q2 2025

July 9, 2025July 9, 2025 Constance

Vancouver, Canada – July 8, 2025 — Ivanhoe Mines (TSX: IVN, OTCQX: IVPAF) has announced robust second-quarter 2025 production results and provided updates on key project developments at its flagship operations: Kamoa-Kakula, Kipushi, and Platreef. During Q2 2025, the Kamoa-Kakula Phase 1, 2, and 3 concentrators processed a combined 3.62 million tonnes of ore, producing 112,009 tonnes of copper. This marks an 11% increase compared to the same period in 2024. Copper production for the first half of 2025 now totals 245,127 tonnes. Phase 1 and 2 concentrators are currently… Read More Here