International - Copperbelt Katanga Mining

Noronex Launches First Uranium Drilling Campaign at Etango North Project in Namibia

January 29, 2026January 29, 2026 Constance

Noronex Begins Uranium Drilling at Etango North in Namibia’s Prime Uranium District Ferrodrill has commenced drilling at Noronex Limited’s Etango North Uranium Project in central Namibia, marking the company’s first uranium-focused drilling campaign in the country and a key step in expanding its presence in Namibia’s hard-rock uranium district. Noronex appointed Ferrodrill on 22 January to undertake a reverse circulation drilling program on Exclusive Prospecting Licence 6776. The well-established Namibian contractor will execute the maiden subsurface testing of multiple high-priority uranium targets. The program is the first designed to test… Read More Here

International Copper New Mining Projects

Koryx Copper Brings Namibian Investors into Haib Project Through Targeted Sidecar Financing

January 29, 2026January 29, 2026 Constance

Koryx Copper Raises C$5m Sidecar Placement to Expand Namibian Ownership of Haib Copper Project Koryx Copper has deliberately structured its latest capital raising to enable Namibian investors to take a direct ownership position in the Haib Copper Project, using a targeted sidecar placement alongside its recently completed C$46 million bought-deal financing. The company announced that it has closed a C$5 million (approximately N$68 million) non-brokered sidecar private placement, which was taken up predominantly by Namibian institutional and retail investors. Shares under the sidecar placement were issued at C$2.45 each, on… Read More Here

International Lithium New Mining Projects

Andrada Mining Confirms High Grade Lithium System at Lithium Ridge Project in Namibia

January 29, 2026January 29, 2026 Constance

Andrada Mining Identifies Surface Lithium Grades Above 4% Li₂O at Lithium Ridge in Namibia Andrada Mining has identified multiple surface samples grading above 4% lithium oxide, with a peak value of 4.67% Li₂O, at its Lithium Ridge project in Namibia. The results confirm the presence of a high-grade lithium system as exploration drilling continues to advance. The AIM-listed tin producer said extensive geological mapping and grab sampling across the Lithium Ridge licence area, conducted in partnership with Sociedad Química y Minera de Chile SA through its subsidiary SQM Australia, delivered… Read More Here

Copper Corporate News International

FQM Considers Sale of Çayeli Mine to Bolster Balance Sheet

January 29, 2026January 29, 2026 Constance

First Quantum Minerals Explores Sale of Turkey’s Çayeli Copper-Zinc Mine Amid Balance Sheet Pressures First Quantum Minerals Ltd. is considering the sale of its copper and zinc mine in Turkey as part of efforts to strengthen its balance sheet, according to people familiar with the matter. The Canadian mining company initiated a sales process earlier this month for the Çayeli mine, one of Turkey’s largest underground mining operations. The sources, who requested anonymity due to the confidential nature of the discussions, said the asset is valued at approximately $400 million.… Read More Here

International Copper Exploration New Mining Projects

Ivanhoe Electric and SQM Partner to Hunt for Hidden Copper in Chile’s Atacama Desert

January 28, 2026January 28, 2026 Constance

Ivanhoe Electric Teams Up With SQM to Explore for Copper Using Advanced Geophysics in Northern Chile Ivanhoe Electric (NYSE-A, TSX: IE) has entered into a strategic partnership with Chilean lithium producer Sociedad Química y Minera de Chile (SQM) to explore for copper across parts of the Atacama Desert in northern Chile, one of the world’s most prolific mineral regions. Under the agreement, the companies will deploy Ivanhoe Electric’s proprietary Typhoon geophysical surveying system, supported by data inversion software from Computational Geosciences Inc. (CGI). The technology will be used to search… Read More Here

Mining Equipment Corporate News International

Sandvik Beats Profit Forecasts on Strong Mining Demand

January 28, 2026January 28, 2026 Constance

Sandvik Reports Strong Q4 Core Profit as Mining Activity and Metal Prices Lift Demand Swedish mining equipment and metal-cutting tool maker Sandvik reported a slightly stronger-than-expected fourth-quarter core profit on Tuesday and proposed a higher dividend, supported by rising mining activity and stronger commodity prices. Operating profit before amortization and items affecting comparability rose 1% year-on-year to 6.37 billion Swedish crowns ($712.5 million), exceeding the average analyst forecast of 6.22 billion crowns, according to an LSEG poll. The result was driven by 12% organic sales growth during the quarter. “The… Read More Here

International Gold

Mali Detains Yanfolila Mine Executives as Mining Code Enforcement Intensifies

January 28, 2026January 28, 2026 Constance

Mali Detains Five Yanfolila Gold Mine Managers in Toughened Mining Sector Crackdown Mali has detained five senior managers linked to the local operator of the Yanfolila gold mine over alleged breaches of the country’s mining regulations, highlighting the government’s increasingly hardline approach to the extractive sector. According to two sources familiar with the matter, the employees of Société des Mines de Komana (SMK) were detained on Friday for allegedly failing to repatriate foreign currency earned from export revenues, a requirement under Mali’s revised mining code. The information was reported by… Read More Here

International Economy

Zimbabwe Sees First Single-Digit Inflation in Over Two Decades

January 28, 2026January 28, 2026 Constance

Zimbabwe’s Inflation Falls to Single Digits as ZiG Currency Gains Stability Zimbabwe’s economy is showing early signs of stabilization, marked by a sharp slowdown in inflation and renewed confidence in its gold-backed local currency. The development represents a significant milestone for a country that has grappled with currency instability and hyperinflation for more than two decades. In November last year, the Confederation of Zimbabwe Industries (CZI) projected a substantial decline in annual inflation by the end of 2025, forecasting a 50% reduction as tighter monetary controls took effect. At the… Read More Here

International Economy Gold

South African Rand Strengthens Near 16-per-Dollar as Gold Hits Record Highs

January 27, 2026January 27, 2026 Constance

South African Rand Approaches 16 per Dollar Amid Record Gold Prices Ahead of SARB Rate Meeting The South African rand edged closer to the 16-per-dollar mark on Monday, supported by record gold prices, ahead of the South African Reserve Bank’s (SARB) first interest rate meeting of 2026. At 07:03 GMT, the rand traded at 16.0475 against the dollar, up approximately 0.4% from its previous close and near its strongest level since June 2022. The U.S. dollar weakened slightly against a basket of currencies, while gold surged past $5,000 per ounce,… Read More Here

Mining Equipment International Mergers & Acquisitions

Zahid Group Completes $1.3bn Acquisition of Barloworld in Landmark Middle East–Africa Deal

January 27, 2026January 27, 2026 Constance

Saudi Arabia’s Zahid Group Finalises $1.3bn Barloworld Acquisition in Major Middle East–Africa Deal Saudi Arabia’s Zahid Group has formally completed the acquisition of South African industrial conglomerate Barloworld, concluding a R23 billion ($1.3 billion) transaction that takes the 123-year-old company private and ranks among the most significant Middle East–Africa corporate takeovers in recent years. The acquisition, led by a consortium anchored by Zahid Group through its subsidiary Gulf Falcon Holding, was finalised in January 2026 after the buyers secured the remaining outstanding shares via a compulsory squeeze-out. Barloworld’s ordinary shares… Read More Here