Corporate News - Copperbelt Katanga Mining

DRC Moves to Approve Chemaf Sale to US Firm Virtus Minerals

March 18, 2026March 18, 2026 Constance

Democratic Republic of the Congo Set to Approve Chemaf Sale to Virtus Minerals in Strategic US Critical Minerals Push The Democratic Republic of the Congo (DRC) is reportedly preparing to approve the sale of mining company Chemaf to US-based Virtus Minerals, a move that would advance a strategic minerals partnership between Washington and Kinshasa. According to sources cited by Bloomberg News, Congo’s Mines Minister, Louis Watum, informed Virtus that the government intends to clear the transaction. The approval would mark a significant step in the transfer of one of the… Read More Here

International Corporate News Gold

Trafigura Partners with Venezuela’s Minerven to Launch Responsible Gold Sourcing Program

March 17, 2026March 17, 2026 Constance

Trafigura–Minerven Gold Deal: Venezuela Moves Toward Responsible Mining and US Market Access Commodity trading giant Trafigura will collaborate with Venezuela’s state-owned mining company, Minerven, to develop a responsible gold sourcing programme as part of a pre-payment agreement for gold doré, a semi-refined gold alloy. The initiative forms part of broader reforms in Venezuela’s mining sector under acting President Delcy Rodríguez. These reforms follow recent policy shifts supported by the United States, aimed at attracting foreign investment and formalizing key industries, including oil and mining. Earlier this month, the United States… Read More Here

Mining in DRC Corporate News Economy

DRC Seeks Stronger Investment Partnerships With Major Mining Companies

March 15, 2026March 15, 2026 Constance

DRC Calls on Glencore, CMOC and Ivanhoe to Expand Mining Investments and Boost Production The government of the Democratic Republic of the Congo is seeking to deepen partnerships with major international mining companies operating in the country to expand production and attract new investment. The initiative was announced by the country’s Minister of Mines, Louis Watum Kabamba, during meetings with mining industry stakeholders in Toronto, Canada, last week. Strategy to Boost Investment and Production Through this initiative, the Congolese government aims to encourage mining companies to increase capital investments, expand… Read More Here

Mining in DRC Corporate News Tin

Alphamin Boosts Tin Production to 18,576 Tonnes in 2025

March 15, 2026March 15, 2026 Constance

Alphamin Reports 7% Rise in Tin Production to 18,576 Tonnes in 2025 as Earnings Jump 25% Alphamin Resources reported a 7% increase in tin production for the year ended December 31, 2025, reaching 18,576 tonnes, in line with the company’s revised production guidance. The JSE-listed miner said overall processing recoveries remained on target during the year at 75%. Production Impacted by Temporary Shutdown The company noted that production during the year was affected by a temporary suspension of operations in March 2025 due to security concerns. Operations resumed gradually starting… Read More Here

Mining in Zambia Copper Corporate News

Jubilee Metals Secures $1.8M Copper Feed Deal in Zambia

March 15, 2026March 16, 2026 Constance

Jubilee Metals Buys High-Grade Copper Ore for Zambia’s Roan Concentrator as Large Waste Project Moves Toward JV Jubilee Metals Group has secured additional high-grade copper feed material for its Roan Concentrator in Zambia in a transaction valued at $1.8 million. The company said the payment will be settled through the issuance of 29.76 million new ordinary shares priced at 4.48 pence per share, representing a 14.3% premium to Jubilee’s closing share price on March 9. Strengthening Copper Processing Operations Chief Executive Officer Leon Coetzer said the company continues to work… Read More Here

Mining in DRC Corporate News Mining safety

Boss Mining Calls on DRC to End Illegal Mining After Deadly Landslide

March 15, 2026March 15, 2026 Constance

Boss Mining Urges DRC Action on Illegal Mining Following Fatal Landslide at Copper Site A unit of Eurasian Resources Group has called on the Democratic Republic of the Congo to take action against illegal mining activities following a deadly landslide at one of the firm’s copper concessions. The incident occurred on March 11, 2026, and “led to fatalities and injuries,” according to a statement issued Thursday by Boss Mining SAS, a copper producer in which ERG holds a 51% stake. The company urged Congolese authorities to restore its “lawful access”… Read More Here

Corporate News Copper International

First Quantum Minerals to Sell Çayeli Copper-Zinc Mine in Türkiye for $340 Million

March 15, 2026March 15, 2026 Constance

First Quantum Minerals Sells Çayeli Mine in Türkiye to Cengiz Holding for $340M to Focus on Core Assets Canadian mining company First Quantum Minerals has agreed to sell its Çayeli Mine in Türkiye to a company controlled by Cengiz Holding as part of a strategy to raise capital and refocus on priority assets. Under a binding agreement, Turkish construction and industrial firm Cengiz Insaat will acquire the underground copper-zinc operation for $340 million in cash, including an advance payment of $50 million, according to a statement released by First Quantum.… Read More Here

Mining in Zambia Copper Corporate News

ZCCM-IH’s Royalty Bet Pays Off as Kansanshi Deal Delivers $110.6 Million

March 13, 2026March 16, 2026 admin

ZCCM-IH Earns $110.6 Million From Kansanshi Mine Royalty After Swapping Dividends for Revenue Share ZCCM Investments Holdings Plc’s decision to swap dividend rights for a revenue-linked royalty at Kansanshi Mining Plc is proving lucrative, with the state-linked investor pocketing $110.6 million between 2022 and 2024. The Lusaka-based company introduced the 3.1% gross revenue royalty in 2021, a move designed to stabilize cash flow from Zambia’s largest copper mine. The payments have continued even as Kansanshi suspended dividends in 2023 and 2024, underscoring how the model shields Zambia from the volatility… Read More Here

Mergers & Acquisitions Corporate News International

Fortescue Acquires Alta Copper to Secure Full Ownership of Cañariaco Project in Peru

March 10, 2026March 10, 2026 Constance

Fortescue Completes Alta Copper Acquisition, Securing 100% of Cañariaco Copper Project Diversified mining company Fortescue has completed its acquisition of Alta Copper, securing full ownership of the Cañariaco Copper Project in northern Peru. The transaction was finalized through a Canadian plan of arrangement, under which Fortescue subsidiary Nascent Exploration acquired all issued and outstanding shares of Alta Copper that were not already owned by the group. Under the terms of the agreement, Alta Copper shareholders received C$1.40 per share in cash, representing a total equity value of approximately C$139 million.… Read More Here

Exploration Corporate News New Mining Projects

Rome Resources Expands Critical Minerals Strategy with New Exploration Projects in Canada

March 10, 2026March 10, 2026 Constance

Rome Resources Signs Option to Acquire Tin and Tungsten Exploration Licences in New Brunswick London-listed Rome Resources, which holds exploration assets in the Democratic Republic of Congo (DRC), has signed an option agreement to acquire working interests in early-stage mineral exploration licences in New Brunswick. The licences are located near the historic Mount Pleasant Mine area and include the Three Lakes and Schoullar Mountain projects. Together, the properties cover more than 109 km² of exploration ground east of Mount Pleasant, a former tungsten, molybdenum, tin, and indium mining project in… Read More Here