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Category: International

Mali Restores Loulo-Gounkoto Mine to Barrick Mining After Settlement 1 Gold Corporate News International 

Mali Restores Loulo-Gounkoto Mine to Barrick Mining After Settlement

Constance
Mali Returns Loulo-Gounkoto Gold Mine to Barrick Mining, Orders Restitution of Three Tons of Gold Mali has restored operational control of the Loulo-Gounkoto gold mine to Barrick Mining and ordered the return of three tons of gold to the company, following the resolution of a dispute that lasted nearly two years. According to Barrick’s legal representative, the restitution process has already been authorized. The physical return of the gold and the formal handover of the mine will be completed once the remaining legal procedures are officially concluded. The gold, which… Read More Here
Mali Orders Return of $400 Million Gold Seized From Barrick as Mining Dispute Eases 2 International Corporate News Gold 

Mali Orders Return of $400 Million Gold Seized From Barrick as Mining Dispute Eases

Constance
Malian Court Orders Return of Seized Gold to Barrick, Signaling Thaw in Mining Dispute A Malian court has ordered the return of three metric tons of gold, valued at approximately $400 million, that were seized nearly a year ago from Barrick Gold’s Loulo-Gounkoto mining complex, according to Reuters. The ruling comes amid efforts by Mali’s military-led government, headed by General Assimi Goïta, to stabilize the country’s economy and project a more investor-friendly image as it pursues a proposed five-year presidential mandate against a backdrop of prolonged political instability. The bullion,… Read More Here
BHP and Rio Tinto Begin Trials of Australia’s First Battery-Electric Haul Trucks 3 International Corporate News Equipment & Technology 

BHP and Rio Tinto Begin Trials of Australia’s First Battery-Electric Haul Trucks

Constance
BHP and Rio Tinto Launch Pilbara Trials of Cat 793 XE Battery-Electric Haul Trucks to Cut Mining Emissions Diversified mining giants BHP and Rio Tinto have received Australia’s first Cat 793 XE Early Learner battery-electric haul trucks at BHP’s Jimblebar mine, marking the start of on-site trials for Caterpillar’s zero-exhaust heavy haulage technology in the Pilbara region. The two trucks, supplied under a pioneering collaboration between BHP, Rio Tinto, and Caterpillar, will undergo commissioning before formal trials begin. The tests aim to evaluate whether battery-electric haulage can replace diesel in… Read More Here
Glencore Targets Major Copper Production Expansion as Operational Reset Gains Momentum 4 Copper Corporate News International 

Glencore Targets Major Copper Production Expansion as Operational Reset Gains Momentum

Constance
Glencore Plans 1.6 Million Tonnes of Copper Output by 2035 Amid Global Supply Tightness Glencore has outlined an ambitious plan to lift its annual copper production to approximately 1.6 million tonnes by 2035, signaling a strategic shift aimed at reversing several years of declining output. Chief executive Gary Nagle told investors in London that the company expects its base copper business to surpass 1 million tonnes per year by the end of 2028, placing Glencore among the world’s top five copper producers. The production push comes as global miners accelerate… Read More Here
Ghana Restores Full Protection of Forest Reserves with Nationwide Mining Ban 5 International 

Ghana Restores Full Protection of Forest Reserves with Nationwide Mining Ban

Constance
Ghana Reinstates Ban on Mining in Forest Reserves to Protect Water Bodies and Halt Deforestation Ghana has reinstated a full ban on mining in forest reserves as part of a comprehensive environmental protection effort aimed at safeguarding water bodies, halting deforestation, and strengthening the country’s climate resilience, the Ministry of Environment, Science and Technology has announced. The policy shift comes as Africa’s leading gold producer grapples with escalating, poorly regulated small-scale mining activities that have ravaged cocoa farms, degraded forests and rivers, and raised sustainability concerns across the mining value… Read More Here
Mercuria Moves to Withdraw $500 Million in Copper Amid Looming Global Shortages 6 International Copper Corporate News 

Mercuria Moves to Withdraw $500 Million in Copper Amid Looming Global Shortages

Constance
Mercuria Orders $500M Copper Withdrawal from LME as US Tariff Threat Fuels Global Supply Crunch Mercuria Energy Group Ltd. has ordered roughly $500 million worth of copper for withdrawal from warehouses supervised by the London Metal Exchange (LME), positioning itself ahead of a possible global supply squeeze driven by looming US tariffs. According to people familiar with the matter, Mercuria was the primary party behind requests to withdraw about 50,000 tons of copper from LME depots on Wednesday. The cancellations mark the largest removal of LME copper inventories in more… Read More Here
Barrick Completes Sale of Tongon Gold Mine as Portfolio Optimization Accelerates 7 International Corporate News Gold 

Barrick Completes Sale of Tongon Gold Mine as Portfolio Optimization Accelerates

Constance
Barrick Mining Sells Tongon Gold Mine to Atlantic Group in Deal Worth Up to $305 Million Gold miner Barrick Mining has finalized the sale of its interests in the Tongon gold mine and associated exploration properties in Côte d’Ivoire to the Atlantic Group, in a transaction valued at up to $305 million. The company announced on Tuesday that the consideration includes $192 million in cash, which incorporates a $23 million shareholder loan repayment due within six months of closing. An additional $113 million in contingent payments may be made over… Read More Here
Glencore Charts Bold Copper Expansion as It Cuts 2026 Output Forecast 8 International Copper Corporate News 

Glencore Charts Bold Copper Expansion as It Cuts 2026 Output Forecast

Constance
Glencore Unveils Major Copper Expansion Plan but Lowers 2026 Output Target Glencore Plc has announced an ambitious plan to nearly double its copper production over the next decade, even as it scales back expectations for 2026. The strategy, revealed during the company’s first capital markets day in three years, aims to restore investor confidence following a steep decline in output. Copper prices are currently at record highs, yet Glencore is on track to produce about 40% less copper this year compared with 2018, with volumes expected to fall further next… Read More Here
Lucara Awards Key Lateral Development Contract for Botswana’s Karowe Underground Project 9 International Corporate News Diamond 

Lucara Awards Key Lateral Development Contract for Botswana’s Karowe Underground Project

Constance
Lucara Diamond Corp Selects Group R for Major Lateral Development Works at Karowe Underground Mine in Botswana Canada-headquartered Lucara Diamond Corporation has awarded the lateral development contract for its Karowe Underground Project (UGP) in Botswana to Group R Mining and Exploration Botswana. The contract covers all underground lateral development linking the production and ventilation shafts to the orebody. This includes construction of the extraction level, underground crushing chamber, fine ore bins, pump stations with vertical dams, drilling horizons, workshops, and all necessary connecting infrastructure to advance development toward the kimberlite.… Read More Here
Barrick Considers IPO of North American Gold Assets Amid Rising Costs and Investor Pressure 10 International Corporate News Gold 

Barrick Considers IPO of North American Gold Assets Amid Rising Costs and Investor Pressure

Constance
Barrick Mining Weighs IPO of North American Gold Assets as Operational Challenges Mount Barrick Mining (TSX: ABX; NYSE: GOLD) is considering an initial public offering (IPO) of its North American gold assets as the company confronts rising costs and a series of operational setbacks. In a statement, the board said it has unanimously authorized management to explore the creation and listing of a new subsidiary that would house key North American operations. Barrick would retain control of the proposed company, while listing only a small minority interest. The unit would… Read More Here

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