Corporate News - Copperbelt Katanga Mining

Rio Tinto Keeps Glencore at Arm’s Length as Copper Strategy Takes Priority

August 5, 2026August 5, 2026 Constance

Rio Tinto Signals No Rush to Revive Glencore Deal as Copper Strategy Takes Priority Rio Tinto is showing little urgency to reopen merger discussions with Glencore, despite the expiry of a six-month standstill that had prevented the mining giants from pursuing renewed takeover talks. The development removes a key restriction following Rio Tinto’s decision in February to abandon a proposed combination with Glencore after the two companies failed to agree on terms that Rio believed would deliver sufficient value to shareholders. The potential deal, valued at more than $200 billion,… Read More Here

Mining in Zambia Copper Corporate News

KCM Breaks 10,000-Tonne Monthly Copper Production Milestone

August 1, 2026August 1, 2026 Constance

KCM Hits 10,000 Tonnes of Monthly Copper Production as $662 Million Local Procurement Boosts Zambia’s Mining Sector Konkola Copper Mines (KCM) has achieved a major production milestone, with monthly copper output reaching 10,000 tonnes as the Zambian mining company advances a wide-ranging transformation programme. The milestone marks a significant improvement from KCM’s previous monthly production range of approximately 8,000 to 8,500 tonnes, highlighting the impact of investment in mine rehabilitation, infrastructure, technology and people. KCM Chief Corporate Affairs Officer Dr John Kunda said the production gains form part of the… Read More Here

Mining in Zambia Corporate News Energy

Solution for Africa Selected for $57.6 Million Solar Projects in Zambia

July 31, 2026July 31, 2026 Constance

Solution for Africa Provisionally Wins $57.6 Million in Three Zambia Solar Contracts French renewable energy company Solution for Africa has been provisionally selected for three solar power contracts in Zambia with a combined value of approximately $57.6 million, marking another step in the country’s efforts to expand renewable energy generation. The contracts cover the development of solar photovoltaic (PV) projects designed to increase electricity supply and support Zambia’s efforts to diversify its energy mix. The provisional selection follows a competitive procurement process and remains subject to the completion of the… Read More Here

Mining in DRC Corporate News Diamond

ASA Faces $12 Million Funding Call as DRC Moves to Revive MIBA

July 31, 2026July 31, 2026 Constance

ASA Resource Group Asked to Invest $12 Million to Retain 20% MIBA Stake British mining company ASA Resource Group Limited faces a $12 million capital call from the Democratic Republic of Congo’s state-owned diamond producer, Société Minière de Bakwanga (MIBA), as the company seeks to preserve its 20% stake in the struggling miner. MIBA has asked ASA to contribute approximately 27.5 billion Congolese francs, equivalent to about $12 million, as part of a major capital increase aimed at financing the company’s turnaround. The capital increase will raise MIBA’s share capital… Read More Here

Mining in Zambia Corporate News Mining Personality

Tertiary Minerals Appoints Lorenz Werndle as Non-Executive Director

July 31, 2026July 31, 2026 Constance

Tertiary Minerals Appoints Lorenz Werndle to Board as Donald McAlister Steps Down Tertiary Minerals has appointed Lorenz Werndle as an independent Non-Executive Director, strengthening its board as the mineral exploration company advances its portfolio in southern Africa and other key markets. Werndle joins the board with immediate effect and will replace Donald McAlister, who is stepping down on 4 August 2026 after more than 25 years with the company due to other full-time work commitments. Werndle currently serves as Chief Financial Officer of Kavango Resources and brings extensive experience in… Read More Here

Copper Corporate News International

Khoemacau Advances Expansion to More Than Double Copper Production

July 31, 2026July 31, 2026 Constance

Khoemacau Targets 130,000 Tonnes of Annual Copper Production as Expansion Advances Khoemacau Copper Mining is making steady progress on its expansion programme, which aims to more than double annual copper production to 130,000 tonnes of copper in concentrate, alongside more than four million ounces of silver annually. According to the company’s Second Quarter 2026 Production Report, construction advanced during the quarter, with progress recorded across engineering, procurement and site development. Key milestones included the completion of foundation backfilling in the milling area and excavation work in the flotation area, while… Read More Here

International Copper Corporate News

FQM Adds 1,000 Jobs as Cobre Panamá Restart Gains Momentum

July 30, 2026July 30, 2026 Constance

First Quantum Adds 1,000 Jobs as Cobre Panamá Copper Mine Restart Nears First Quantum Minerals is stepping up preparations for a potential restart of its Cobre Panamá copper mine, adding about 1,000 jobs as activity at the site gathers pace. The Canadian miner has accelerated stockpile processing and expanded its workforce as it works towards resuming broader operations at the major copper complex, which has remained largely inactive since Panama ordered its closure in 2023. The new recruitment forms part of First Quantum’s preparations for processing copper ore already mined… Read More Here

International Corporate News Diamond

Anglo American Denies Favouring Buyer as De Beers Sale Talks Continue

July 30, 2026July 30, 2026 Constance

Anglo American Says No Preferred Bidder as De Beers Sale Could Fetch $1 Billion Anglo American has denied favouring any particular buyer for its diamond business, De Beers, as the mining group continues to explore options for the struggling unit. Anglo American CEO Duncan Wanblad said on Thursday that the company was “not exclusive with any consortium”, rejecting reports that it was favouring a consortium led by former De Beers CEO Gareth Penny. The comments come as Anglo American considers potential offers for De Beers amid prolonged weakness in the… Read More Here

Corporate News International Mining Personality

Vedanta Names Arun Misra CEO as First-Quarter Profit Surges

July 30, 2026July 30, 2026 Constance

Vedanta Appoints Arun Misra as CEO as Q1 Profit Jumps 72% on Strong Metal Prices Indian metals and mining conglomerate Vedanta has appointed Arun Misra as chief executive officer for a one-year term starting August 1, 2026, as the company reported a sharp increase in first-quarter profit driven by stronger metal prices. Misra, who currently heads Vedanta subsidiary Hindustan Zinc, will take over as CEO as the group benefits from favourable market conditions across its metals portfolio. Vedanta reported consolidated net profit of 54.73 billion Indian rupees ($572.4 million) for… Read More Here

Mining in DRC Copper Corporate News

Ivanhoe Mines Returns to Profit as Kamoa-Kakula Copper Operations Recover

July 30, 2026July 30, 2026 Constance

Ivanhoe Mines Posts $46 Million Profit as Kamoa-Kakula Copper Production Recovers TSX-listed Ivanhoe Mines returned to profitability in the second quarter of 2026, reporting a net profit of $46 million as operations at its Kamoa-Kakula copper complex in the Democratic Republic of Congo (DRC) continued to recover from disruptions earlier in the year. The company reported adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) of $179 million for the quarter, up from $123 million in the same period last year. Kamoa-Kakula contributed $152 million of attributable EBITDA. The copper… Read More Here