Corporate News - Copperbelt Katanga Mining

SACIM Dominates DRC’s Industrial Diamond Output in Q1 2025 with 97% Share

June 8, 2025June 8, 2025 Constance

Anhui Congo Mining Investment Company (SACIM) has emerged as the dominant producer of industrial diamonds in the Democratic Republic of Congo during the first quarter of 2025, accounting for 97% of the country’s total output. According to statistics released by the Technical Unit for Coordination and Mining Programming (CTCPM), a department under the Ministry of Mines, SACIM produced 334,505.81 carats out of a national total of 344,049.44 carats between January and March 2025. The remaining 9,543.63 carats—just 3%—were produced by Minière de Bakwanga (MIBA), highlighting the growing disparity between the… Read More Here

Mining in Zambia Copper Corporate News New Mining Projects

Kansanshi S3 Launch Set for August as FQM Nears Completion of the $1.25 Billion Expansion

June 7, 2025June 10, 2025 Constance

First Quantum Minerals (FQM) has reached a significant milestone in the development of its US$1.25 billion Kansanshi S3 Expansion Project in Solwezi, North-Western Province. Now 92% complete, the massive upgrade is on track for commissioning by August this year—marking a major milestone for one of Zambia’s most significant copper operations. August 2025 will mark three years since FQM announced its bold commitment to expand the Kansanshi Mining operations—already among Zambia’s largest copper producers. At the same time, the company pledged an additional US$100 million toward bringing the Enterprise Nickel Project… Read More Here

Corporate News

ERG announces issuance of guaranteed bonds with an international credit rating in the amount of up to US$100 million

June 5, 2025June 5, 2025 Constance

Eurasian Resources Group informs about the issuance of guaranteed coupon bonds with a three-year maturity for a total amount of up to US$100 million. For the first time on the Kazakhstan securities market, the issuance of non-government bonds regulated by local law is carried out with the support of JSC “Development Bank of Kazakhstan” as a guarantor, which is irrevocable. Such a form of guarantee is a fundamentally new instrument in the Kazakhstan securities market.The bonds are placed on the Kazakhstan Stock Exchange (KASE) by JSC “Kazakhstan aluminium smelter”, which… Read More Here

Mining in Zambia Corporate News Mining Personality New Mining Projects Uranium

GoviEx Uranium Strengthens Team with New Metallurgist for Zambia’s Muntanga Project

June 3, 2025June 3, 2025 Constance

TSX-listed GoviEx Uranium has appointed Deogratias M Bukunkwe as project and commissioning metallurgist to advance development of its Muntanga uranium project in Zambia. Bukunkwe, a Zambian national, brings over 25 years of experience in process startup and operations, including senior startup roles at the Kayelekera and Langer Heinrich uranium mines. He also led operational readiness at DRA Minopex and recently served as commissioning manager for Freeport-McMoRan’s Grasberg gold and copper concentrator in Indonesia. His immediate focus will be to develop a detailed pre-commissioning framework to position Muntanga as “project-ready” for… Read More Here

International Corporate News Gold

Barrick Seeks World Bank Intervention as Mali Threatens to Seize Major Gold Mine

May 31, 2025May 31, 2025 Constance

Barrick Gold has turned to the World Bank’s arbitration tribunal in an attempt to block the Malian government from taking control of its Loulo-Gounkoto gold mine, amid a deepening legal dispute that threatens the company’s long-standing operations in the West African nation. The move follows the Malian government’s request to a local court to place the mine under provisional administration—a decision expected on June 2. If the court sides with the government, an appointed individual or organization could take over and potentially restart operations at the mine, which has been… Read More Here

Mining in DRC Copper Corporate News

Uncertainty Deepens at Kamoa-Kakula After Seismic Flooding Disrupts Key Copper Mine

May 31, 2025May 31, 2025 Constance

More than a week after seismic activity triggered severe flooding underground, the status of one of the world’s most significant copper mines—Kamoa-Kakula in the Democratic Republic of Congo (DRC)—remains unclear, casting uncertainty over global copper supply. The mine, operated by Canada’s Ivanhoe Mines and co-owned by China’s Zijin Mining and CITIC Metal, had been on track to become the world’s third-largest copper producer this year. However, recent flooding and infrastructure damage have jeopardized those plans. Conflicting reports from Ivanhoe and its Chinese partners have only added to the confusion. Ivanhoe… Read More Here

Copper Corporate News International Mining safety

Cobre Panama Mine to Remain Shut as Govt Backs Safety Plan Only

May 31, 2025May 31, 2025 Constance

PANAMA CITY – The Panamanian government has approved a maintenance and environmental management plan for First Quantum Minerals’ shuttered Cobre Panama copper mine, but emphasized that the mine will not be reopened at this time, Trade and Industry Minister Julio Molto announced on Friday. Molto clarified that the approved plan focuses solely on care and environmental safety measures required following the mine’s abrupt closure by government order in late 2023, under the previous administration. “The mine is not being reopened. We’re authorizing the implementation of a care and safe management… Read More Here

International Corporate News Mining Personality

Rio Tinto CEO Jakob Stausholm Steps Down Amid Cost Control Tensions

May 30, 2025May 30, 2025 Constance

Rio Tinto and CEO Jakob Stausholm have agreed to part ways, following growing tensions over his reluctance to align with board priorities—particularly around cost control—despite recent expansions in lithium, copper, and iron ore, according to three sources familiar with the matter. The world’s second-largest listed mining company surprised investors last week by announcing Stausholm’s departure, stating he would remain in his role until a successor is appointed. No official reason was given, and sources confirmed the decision was not linked to any scandal. Stausholm had shown no signs of stepping… Read More Here

International Copper Corporate News

Glencore Taps Russian Copper to Ease Supply Crunch in China

May 30, 2025May 30, 2025 Constance

Glencore Plc is purchasing Russian copper from the London Metal Exchange (LME) and preparing to ship it to China, underscoring tightening supply conditions in the world’s largest copper-consuming nation. Over the past three trading sessions, about 15,000 tons of copper have been requested for withdrawal from LME warehouses in Rotterdam, drawing available inventories to their lowest level in a year, according to exchange data. People familiar with the matter say Glencore is behind these withdrawals and intends to deliver the Russian-origin copper to China. This move is notable given the… Read More Here

Mining in Zambia Copper Corporate News

Jubilee Metals Secures Long-Term Feedstock Deal to Boost Copper Production in Zambia

May 30, 2025May 30, 2025 Constance

Diversified metals producer Jubilee Metals has signed a long-term feedstock supply agreement for its Roan concentrator in Zambia, following successful processing trials of high-grade shallow transition copper ore. Production under the new supply deal has already commenced. “This eight-week trial period has confirmed Roan’s unique ability to process transitional copper reefs, which are widely available both at surface and near-surface levels,” said Jubilee Metals CEO Leon Coetzer. Under the agreement, the Roan concentrator will sustain a run-of-mine (ROM) throughput of 35,000 to 40,000 tons per month, producing 240 to 360… Read More Here