Corporate News - Copperbelt Katanga Mining

FQM Ramps Up Efforts to Reopen $10 Billion Cobre Panama Mine

February 26, 2025February 26, 2025 Constance

First Quantum Minerals and its workers and suppliers in Panama are intensifying efforts to restart operations at the $10 billion Cobre Panama copper mine, more than a year after its closure. The company has shifted from a low-profile approach to a more visible public relations campaign, including mass mine visits and public outreach events, according to Maru Galvez, Public Relations Manager for Cobre Panama. The strategy appears to be working, with a recent community survey showing 96% support for the government renegotiating the mine contract. Despite these efforts, First Quantum… Read More Here

Mining in Zambia Corporate News Mining Personality

Tertiary Minerals Appoints Dr. Richard Belcher as Managing Director

February 26, 2025February 26, 2025 Constance

AIM-listed Tertiary Minerals has appointed Dr. Richard Belcher as its new Managing Director, effective March 7, following the company’s Annual General Meeting. Tertiary highlighted Belcher’s 22 years of geological experience, spanning early-stage exploration to resource definition across various commodities. His expertise is particularly strong in Africa, where he has worked extensively with junior exploration companies. Belcher previously served as VP of Exploration at ANS Exploration Corp, focusing on projects in Northeast Africa and Arabia. He also worked as a senior consulting geologist at Altus Strategies (now Elemental Altus Royalties Corp),… Read More Here

Mining in DRC Corporate News

Three New Congolese Companies Sign Subcontracting Contracts under the Sino-Congolese Program

February 26, 2025February 26, 2025 Constance

Three Congolese companies have secured subcontracting agreements under the Sino-Congolese Program, signing works contracts in Kinshasa on Wednesday, February 19, 2025, according to a press release from the Congolese Agency for Major Works (ACGT). As part of the Sino-Congolese Program, the three companies obtained subcontracting positions with the Sino-Congolese Infrastructure Company (Sisc SA). The contracts cover several key construction projects, including the University of Mbandaka, Kananga stadium, and Tshikapa airport rehabilitation. These projects will now be carried out by Congolese companies, thanks to subcontracting arrangements initiated in March 2024 following… Read More Here

Mining in DRC About Company Corporate News New Mining Projects

Ivanhoe Mines and Kamoa Copper Announces Key Appointments

February 24, 2025February 24, 2025 admin

Ivanhoe Mines Executive Co-Chair Robert Friedland announced today at the BMO Global Metals, Mining & Critical Minerals Conference key appointments to strengthen the Executive Leadership Teams of Ivanhoe Mines and the Kamoa-Kakula Copper Complex in the Democratic Republic of the Congo (DRC). Marna Cloete, currently President of Ivanhoe Mines, has been appointed as President & Chief Executive Officer, reflecting nearly two decades of experience in building the Company to become a major, diversified metals producer. At the Kamoa Copper Joint Venture, Annebel Oosthuizen has been appointed as Managing Director, replacing… Read More Here

Mining in DRC Cobalt Corporate News

Glencore Estimates $72 Billion in Reserves at Mutanda Mine in DRC

February 23, 2025February 23, 2025 Constance

In its 2024 report on reserves and resources, Swiss multinational Glencore, which specializes in the extraction and marketing of raw materials, provided projections suggesting that the Mutanda mine, located 40 kilometers from Kolwezi in the Democratic Republic of Congo (DRC), has measured copper and cobalt reserves valued at $72 billion. In the mining sector, potential resource assessments classify sites into three categories: measured reserves, which are highly reliable; indicated reserves, which are considered reliable but require further confirmation; and inferred reserves, which are less certain. Regarding Mutanda, Glencore’s latest report… Read More Here

Mining in DRC Cobalt Copper Corporate News

Ivanhoe Mines Issues 2024 Fourth Quarter and Annual Financial Results

February 23, 2025February 23, 2025 Constance

Ivanhoe Mines’ (TSX: IVN) (OTCQX: IVPAF) President Marna Cloete and Chief Financial Officer David van Heerden presented the company’s financial results for the fourth quarter and year ended December 31, 2024, and provide an operations and project development update. Ivanhoe Mines is a leading Canadian mining company developing and operating its four principal mining and exploration projects in Southern Africa: expanding production at the world-class Kamoa-Kakula Copper Complex in the Democratic Republic of the Congo (DRC); ramping up the ultra-high-grade Kipushi zinc-copper-lead-germanium mine in the DRC; building the tier-one Platreef… Read More Here

International Corporate News

Glencore Considers Primary Listing Move from London to New York or Other Exchanges

February 22, 2025February 22, 2025 Constance

Glencore (LON: GLEN), the global mining and commodity trading giant, is evaluating the possibility of relocating its primary stock listing from London to a different exchange, possibly New York, in search of a more favorable valuation. The move could deal a significant blow to the London Stock Exchange. Chief Executive Gary Nagle confirmed the company, which has been listed in London since 2011, is assessing whether another exchange might be more suitable for its securities. Nagle emphasized the importance of securing “the right and optimal valuation,” stating, “We want to… Read More Here

Mining in Zambia Corporate News Mergers & Acquisitions New Mining Projects Zinc

Shuka Minerals Advances Kabwe Zinc Mine Acquisition and Redevelopment

February 17, 2025February 17, 2025 Constance

AIM-listed Shuka Minerals is making significant progress toward acquiring and redeveloping the Kabwe zinc mine in Zambia, with a newly appointed board overseeing the process. In a corporate and operational update on February 14, CEO Richard Lloyd reaffirmed the company’s commitment to unlocking Kabwe’s full potential. He noted strong support from potential funders, with various financing options under consideration. However, he emphasized the need for well-structured budgeting and timelines to ensure the project’s success. Shuka’s planned acquisition of Zambian mining and exploration company Leopard Exploration and Mining (LEM) follows a… Read More Here

Mining in DRC Cobalt Copper Corporate News

Glencore Rejects Unsolicited Bid for DRC Operations

February 17, 2025February 17, 2025 Constance

Miner and commodity trader Glencore has confirmed that it rejected an unsolicited offer for its operations in the Democratic Republic of Congo (DRC) at the end of last year. “Glencore has not engaged any banks or advisors and is not running a sale process for its operations in the DRC,” a company spokesperson stated in an email. Earlier, the Financial Times reported that Glencore had considered selling part or all of its Congolese assets and had engaged in preliminary discussions with a potential buyer from the Middle East regarding its… Read More Here

Press Release Corporate News Exploration International New Mining Projects

Ivanhoe Mines Commences Exploration for Sediment-hosted Copper in Central Kazakhstan

February 16, 2025February 16, 2025 Constance

Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Executive Co-Chairman Robert Friedland and President Marna Cloete announced yesterday that an Exploration Joint Venture has been formed to explore the Chu-Sarysu Copper Basin in Kazakhstan, the world’s third-largest sediment-hosted copper district. The Joint Venture, with UK-based private company Pallas Resources, covers a highly prospective licence package of up to 16,000 km2, which spans an accumulated dataset of Soviet-era exploration data. For comparison, the licence package is approximately 7.5 times the size of Ivanhoe’s Western Forelands Exploration Project. Ivanhoe has committed to fund $18.7… Read More Here