You are here

Category: International

Vedanta to exclude base metals business from sweeping demerger 1 International Corporate News News in Brief 

Vedanta to exclude base metals business from sweeping demerger

Constance0 comment
Indian miner Vedanta will not carve out a separate listed unit for its base metals business, it said last week, after discussing the matter with its stakeholders and lenders. Vedanta, led by billionaire Anil Agarwal, had last year launched a sweeping overhaul to carve itself up into six separate businesses, in a move aimed at shoring up the group’s financial performance. The company will consider the base metals business demerger at a later stage, it said in an exchange filing, adding that the share entitlement ratio for the demerger of… Read More Here
Glencore in Talks to Sell Philippine Copper Smelting Unit Amid Historic Low Processing Fees 2 International Corporate News 

Glencore in Talks to Sell Philippine Copper Smelting Unit Amid Historic Low Processing Fees

Constance0 comment
Glencore Plc is in discussions to sell its copper business in the Philippines, the Philippine Associated Smelting and Refining Corp. (Pasar), as the global smelting industry faces record-low processing fees. According to sources familiar with the matter, who requested anonymity due to the private nature of the talks, Glencore is negotiating with at least one domestic buyer. However, the outcome of these discussions remains uncertain. Pasar has been a key asset for Glencore due to its strategic location, serving as an important outlet for copper concentrates from Australian and Indonesian… Read More Here
Copper Stockpile at Panama’s Closed Cobre Mine Deemed Safe for Now 3 International Copper 

Copper Stockpile at Panama’s Closed Cobre Mine Deemed Safe for Now

Constance0 comment
Over 100,000 metric tons of copper concentrate remain stored at First Quantum Minerals’ Cobre Panama mine, which has been closed since November following a Panamanian Supreme Court ruling that invalidated the company’s contract. Panamanian President Jose Raul Mulino assured on Thursday that the stockpile currently poses no environmental risk. Cobre Panama, a major global source of copper, was shut down after environmental protests led to the court’s decision. Since then, global commodity markets have closely monitored Panama’s stance on the fate of the 130,000 tons of copper concentrate left behind.… Read More Here
Rio Tinto Appoints Georgie Bezette as New Chief People Officer 4 International Corporate News Mining Personality 

Rio Tinto Appoints Georgie Bezette as New Chief People Officer

Constance0 comment
Australia-based mining giant Rio Tinto has named Georgie Bezette as its new Chief People Officer, succeeding James Martin, who is set to retire at the end of 2024. Bezette, who has been with Rio Tinto since 2008, currently serves as Chief Operating Officer for the People division, where she has been instrumental in driving the company’s cultural transformation efforts. She will assume her new role on January 1, 2025, and will be based in London. Rio Tinto CEO Jakob Stausholm praised Bezette’s appointment, highlighting her dedication to talent development, cultural… Read More Here
Peru’s Copper Output Stagnates for a Third Consecutive Year 5 Copper International 

Peru’s Copper Output Stagnates for a Third Consecutive Year

Constance0 comment
Peruvian copper production is projected to remain flat in 2025, marking the third consecutive year of stagnant output, according to industry analysts and the country’s leading mining association, SNMPE. Challenges such as declining ore grades and a lack of new mining projects continue to cap production, even as global demand for copper surges. Peru, the world’s third-largest copper producer, was overtaken by the Democratic Republic of Congo (DRC) in 2023 for the second spot behind Chile. The decline in ore quality after years of extraction is straining miners’ ability to… Read More Here
Barrick Gold Seeks Arbitration with Mali Over Loulo-Gounkoto Dispute 6 International Gold 

Barrick Gold Seeks Arbitration with Mali Over Loulo-Gounkoto Dispute

Constance0 comment
Barrick Gold, the leading gold producer in Mali, has submitted a request for arbitration to the International Centre for Settlement of Investment Disputes (ICSID), a World Bank institution. The Canadian company is seeking to resolve ongoing disagreements with the Malian government concerning the Loulo-Gounkoto mining complex, the country’s largest gold mine. In a press release on December 18, 2024, Barrick confirmed its decision to use ICSID’s services to address the dispute. However, the company has not disclosed the specifics of its claims or the nature of the request. It remains… Read More Here
Barrick’s Pueblo Viejo Remains Committed to Fair Resettlement Process 7 International Gold Press Release 

Barrick’s Pueblo Viejo Remains Committed to Fair Resettlement Process

Constance0 comment
 The Barrick operated Pueblo Viejo mine has said it remained committed to an equitable Resettlement Action Plan required to advance the development of the El Naranjo Tailings Storage Facility, which will help extend the life of the mine beyond 2040 while sustaining gold production above 800,000 ounces a year. Barrick’s Dominican Republic country manager, Juana Barcelo, said Pueblo Viejo has been working closely and transparently with those community members who will need to be resettled, including on issues such as the development of the host site, the construction of houses,… Read More Here
Barrick International Gold Press Release 

Barrick Update on Mali Operations

Constance0 comment
Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) reports that although it had previously agreed on a framework to achieve a global resolution of the disputes with the Government of Mali over the Loulo-Gounkoto complex, it has to date been unsuccessful in arriving at a final resolution despite numerous good-faith attempts to negotiate and a willingness to compromise beyond its legal rights. Barrick has engaged constructively with the Malian government and its external advisors over the past 12 months, addressing their requests for an increased share of the economic benefits generated by Loulo-Gounkoto. Notably,… Read More Here
Fortescue Metals Secures $10 Million for Development of Fast Chargers for Heavy Mining Equipment 8 International Mining Equipment 

Fortescue Metals Secures $10 Million for Development of Fast Chargers for Heavy Mining Equipment

Constance0 comment
Australian technology, energy, and metals group Fortescue Metals has received A$10 million in funding from the Australian Renewable Energy Agency (ARENA) to advance the development of a 6 MW fast charger. This funding will support Fortescue’s efforts to deploy fast-charging technology capable of powering battery-electric heavy mining equipment. The project will involve designing, constructing, and validating several test-unit chargers, with the aim of launching the first production 6 MW charger by the end of 2025. Developed by Fortescue Zero, the company’s dedicated renewable-energy division, the 6 MW fast charger will… Read More Here
B2Gold Faces Disruption at Fekola Mine Due to Workers' Strike in Mali 9 International Gold 

B2Gold Faces Disruption at Fekola Mine Due to Workers’ Strike in Mali

Constance0 comment
A workers’ strike at B2Gold’s flagship Fekola mine in southwest Mali has significantly reduced mining operations to just 25% of its full capacity, according to two employees at the mine. The strike, which began on November 29, involves between 1,875 and 2,000 workers protesting the dismissal of some of their colleagues. The strike, lasting seven days, was triggered after several employees were let go. While the Vancouver-based miner acknowledged the reduced capacity, it disputed the 25% figure, stating operations at Fekola were continuing at a “well in excess” of the… Read More Here

You have successfully subscribed to the newsletter

There was an error while trying to send your request. Please try again.

Copperbelt Katanga Mining will use the information you provide on this form to be in touch with you and to provide updates and marketing.