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Category: International

Two Police Officers Killed in Attack Near Gemfields’ Montepuez Ruby Mine in Mozambique 1 International Gemstones Mine Safety 

Two Police Officers Killed in Attack Near Gemfields’ Montepuez Ruby Mine in Mozambique

Constance
Gemfields confirms deaths of two police officers following illegal miner attack at Montepuez Ruby Mine in Mozambique Gemstone miner Gemfields has confirmed the deaths of two police officers during an attack earlier last week at its Montepuez Ruby Mining (MRM) operation in Mozambique. According to the company, approximately 40 illegal miners marched on the mine’s gate and attacked police officers stationed at the site. Two officers were killed in the incident, including a commander from Mozambique’s Natural Resources Protection Force. Gemfields stated that no MRM employees or contractors were injured,… Read More Here
Barrick Resumes Gold Production at Mali’s Loulo-Gounkoto Mine After Nine-Month Shutdown 2 International Corporate News Gold 

Barrick Resumes Gold Production at Mali’s Loulo-Gounkoto Mine After Nine-Month Shutdown

Constance
Barrick’s Loulo-Gounkoto gold mine restarts operations in Mali after government dispute and nine-month halt Barrick Gold Corporation has restarted operations at its Loulo-Gounkoto gold mine in Mali after a shutdown lasting more than nine months, Bloomberg reported, citing sources familiar with the matter. The Loulo-Gounkoto complex, one of Barrick’s most important assets in West Africa, was shut down in January following escalating tensions with Mali’s military-led government. The dispute intensified earlier this year when a Malian court appointed Soumana Makadji, an accountant and former health minister, to manage the mine… Read More Here
Angola to Launch Its First Major Copper Mine as Nation Pushes to Diversify Beyond Oil 3 New Mining Projects Copper International 

Angola to Launch Its First Major Copper Mine as Nation Pushes to Diversify Beyond Oil

Constance
Tetelo Copper Mine to Begin Production on October 29, Marking Angola’s Entry into Global Clean Energy Mineral Supply Angola’s first large-scale copper project, the Tetelo Mine, will officially begin production on October 29, government officials announced on Wednesday. The project marks a major milestone in the oil-rich African nation’s drive to diversify its economy and strengthen its role in the global transition to clean energy minerals. The $250 million Tetelo Mine is operated by Shining Star Icarus, a joint venture between China’s Shining Star International Group and Sociedade Mineira de… Read More Here
MMG Reports Rising Copper Losses from Informal Mining at Las Bambas Site in Peru 4 International Copper Corporate News 

MMG Reports Rising Copper Losses from Informal Mining at Las Bambas Site in Peru

Constance
MMG Raises Estimate of Copper Lost to Informal Mining at Peru’s Las Bambas to 90,000 Tons Chinese-owned MMG Ltd. has increased its estimate of copper extracted by informal miners within its Las Bambas concession in Peru, revealing escalating challenges at one of the world’s largest copper operations. According to the company’s latest disclosures and responses to Bloomberg, an estimated 90,000 metric tons of copper have been removed over the past 15 years from land designated for MMG’s next open pit, known as Sulfobamba. This marks a rise from a previous… Read More Here
FQM Denies Claims of Stalled Progress at La Granja Copper Project in Peru 5 International Corporate News 

FQM Denies Claims of Stalled Progress at La Granja Copper Project in Peru

Constance
First Quantum Refutes Reports of Public Opposition, Confirms Steady Progress at Peru’s La Granja Copper Project First Quantum Minerals Ltd. (TSX: FM) has rejected recent claims suggesting its La Granja copper project in northern Peru is paralyzed by public opposition, describing the allegations as outdated, misleading, and inconsistent with current realities on the ground. The company’s statement came in response to a report by GEM Mining Consulting, which alleged that the project remains “blocked by public distrust.” First Quantum countered that La Granja is advancing decisively and transparently, under stringent… Read More Here
Feriel Zerouki to Step Down as De Beers Chief Trade and Industry Officer 6 International Corporate News Diamond 

Feriel Zerouki to Step Down as De Beers Chief Trade and Industry Officer

Constance
De Beers Executive Feriel Zerouki Resigns After Two Decades, Leaving Legacy of Ethics and Transparency in Diamond Industry Feriel Zerouki will step down as De Beers Group’s Chief Trade and Industry Officer and member of the executive committee at the end of October, the diamond company announced. Zerouki joined De Beers in 2005 and has played a central role in shaping the miner’s leadership in ethics, provenance, and industry integrity over her nearly two decades with the group. During her tenure, she spearheaded the launch of Tracr and GemFair, two… Read More Here
Epiroc Secures $12 Million Order from Asante Gold for Chirano Mine in Ghana 7 International Corporate News Gold 

Epiroc Secures $12 Million Order from Asante Gold for Chirano Mine in Ghana

Constance
Epiroc Wins Major $12 Million Mining Equipment Contract from Asante Gold for Chirano Mine in Ghana Mining and infrastructure productivity partner Epiroc has secured a significant order for advanced mining equipment and digital solutions from Asante Gold Corporation, a Canadian mining company operating the Chirano gold mine in southwestern Ghana. The order, valued at approximately SEK 115 million (US$12 million), includes a fleet of underground mining trucks, loaders, face drilling rigs, and production drilling rigs designed to enhance productivity and safety at Chirano — a combined open-pit and underground operation.… Read More Here
Mercuria Metals Division Reports $300 Million Trading Profit Amid Market Volatility 8 International Corporate News 

Mercuria Metals Division Reports $300 Million Trading Profit Amid Market Volatility

Constance
Mercuria Metals Trading Surges $300M as Firm Expands Beyond Oil and Gas Mercuria Energy Group Ltd. has recorded approximately $300 million in trading profits so far this year through its metals division, signaling a strong return to the sector after years focused on oil and gas. The figures, reported to Bloomberg by sources familiar with the matter, include realized profits and mark-to-market gains on unsettled positions and contracts for the remainder of the year. Mercuria declined to comment on the numbers. Expansion and Team Growth The metals division was established… Read More Here
Rwanda Delivers First Tungsten Shipment to the U.S., Marking a New Era in Critical Mineral Cooperation 9 International 

Rwanda Delivers First Tungsten Shipment to the U.S., Marking a New Era in Critical Mineral Cooperation

Constance
U.S. Receives First-Ever Tungsten Shipment from Rwanda as Washington Diversifies Critical Mineral Supply Chains The United States has received its first-ever shipment of tungsten concentrate from Rwanda, marking a significant milestone in Washington’s efforts to diversify supply chains for critical minerals vital to advanced technologies and clean energy production. The shipment, sourced from the Trinity Nyakabingo Mine in Rwanda, was delivered to Global Tungsten and Powders (GTP) in Towanda, Pennsylvania. The deal is part of a commercial partnership among Trinity Metals, GTP, and Traxys, finalized in August 2024. Senior officials,… Read More Here
Peru’s Mining Concessions at Crossroads as Lawmakers Weigh Changes 10 International 

Peru’s Mining Concessions at Crossroads as Lawmakers Weigh Changes

Constance
Peru Mining Concessions Under Threat: Lawmakers Push Changes Amid Illegal Mining Surge Peru’s large-scale mining sector is increasingly concerned that lawmakers may alter the country’s rules on mineral rights, as Congress prepares to debate a proposed law that could favour small-scale operators. As the world’s third-largest copper producer and South America’s leading gold exporter, Peru grants long-term concessions allowing major miners such as BHP Group, Glencore, and Anglo American to explore extensive territories for decades before production begins. These concessions are a cornerstone of Peru’s mining industry. Changes to them… Read More Here

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