International - Copperbelt Katanga Mining

Zijin Mining Becomes World’s Third-Largest Mining Company with $103 Billion Valuation 1

Zijin Mining Surpasses $100 Billion Market Cap to Become Third-Largest Global Miner in 2025 China’s Zijin Mining Group (HKG: 2899) has achieved a historic milestone, becoming the world’s third-largest mining company by market value after surpassing $100 billion for the first time at Thursday’s close. This achievement places Zijin alongside global industry leaders BHP (ASX: BHP) and Rio Tinto (ASX: RIO), which closed Thursday with market capitalizations of A$212 billion ($140 billion) and A$169 billion ($111 billion) respectively. On Thursday, Zijin’s Shanghai-listed shares hit a record high, lifting its market… Read More Here

Botswana Launches Emergency Diamond Auction to Boost Revenues Amid Market Slump

September 28, 2025September 28, 2025 Constance

Botswana Holds Rare Diamond Auction as Global Gem Demand Weakens Botswana is staging an unprecedented diamond auction in a bid to shore up government revenues battered by a prolonged slump in the global gems market. The state-owned Okavango Diamond Company (ODC) is offering about 1 million carats of rough diamonds in a one-off “closed” tender, ODC spokesperson Dennis Tlaang confirmed last week. Unlike the company’s regular auctions—planned well in advance for registered buyers—this ad-hoc sale was organised at short notice, according to Bloomberg. Sources familiar with the process say the… Read More Here

Diamond Corporate News International

Angola Enters Race for De Beers Stake with Pan-African Ownership Proposal

September 25, 2025September 25, 2025 Constance

Angola’s Endiama Bids for Minority Stake in De Beers, Proposing Shared African Ownership Model Angola’s state-owned diamond company, Endiama, has formally submitted a bid for a minority stake in De Beers, intensifying competition for control over the world’s largest diamond producer as parent company Anglo American prepares to sell. The Ministry of Mineral Resources confirmed that Endiama lodged a “fully financed offer.” Minister Diamantino Pedro Azevedo said the proposal aims to establish a pan-African ownership model that prevents dominance by any single country while safeguarding De Beers’ independence and competitiveness.… Read More Here

International

Nigeria Revokes 1,263 Mining Licences to Attract Serious Investors

September 23, 2025September 23, 2025 Constance

Nigeria Cancels Over 1,200 Dormant Mining Licences to Boost Solid Minerals Investment The Nigerian government has revoked 1,263 mineral licences in a sweeping effort to reform its underdeveloped mining sector and eliminate speculative operators. The move aims to free up access for serious investors seeking opportunities in the country’s solid minerals industry. The affected licences, now slated for removal from the Electronic Mining Cadastral System (eMC+) portal of the Nigerian Mining Cadastral Office (MCO), include: 584 exploration licences 65 mining leases 144 quarry licences 470 small-scale mining leases Cracking Down… Read More Here

International

Mali Approves Seven New Mining Deals to Boost State Revenue and Resource Sovereignty

September 23, 2025September 23, 2025 Constance

Mali Signs Seven New Mining Agreements to Strengthen State Role in Gold and Lithium Projects Mali’s military government has approved seven new agreements with international and local mining companies, deepening state participation and increasing revenues as part of its broader push for resource sovereignty. The Council of Ministers endorsed the exploitation and exploration contracts on Friday, according to an official statement. The deals guarantee the state a non-reducible stake in each project, along with priority access to dividends. The agreements cover several high-profile gold operations, including: Sadiola mine, operated by… Read More Here

International Gold News in Brief

Galiano Gold Halts Esaase Deposit Operations After Fatal Clashes in Ghana

September 21, 2025September 21, 2025 Constance

Galiano Gold Suspends Esaase Operations Following Community Clashes in Ghana Galiano Gold, listed on the TSX and NYSE American, has temporarily suspended operations at the Esaase deposit of its Asanko gold mine in Ghana following violent clashes between community members and military personnel on September 9. The company explained that the military presence at the mine was part of a state-mandated security intervention coordinated through the Ghana Chamber of Mines. Tensions escalated between the community and security forces, resulting in civil unrest, the tragic death of one individual, and damage… Read More Here

International

South Africa’s Mining Reforms Attract Indian Investment Interest

September 21, 2025September 21, 2025 Constance

South Africa’s Mining and Infrastructure Reforms Draw Strong Interest from Indian Companies South Africa’s decision to loosen mining regulations and accelerate the privatisation of infrastructure is attracting growing interest from Indian companies. The reforms are expected to reshape the country’s mining sector and strengthen Africa’s global competitiveness. These policy changes stem from the government’s Operation Vulindlela programme, launched in 2020 to reduce red tape, unlock investment, and encourage private-sector participation in key industries. Since 2023, Pretoria has focused particularly on transport and logistics, addressing inefficiencies in rail and port systems… Read More Here

Corporate News International

Zijin Gold Plans $3.2B Hong Kong IPO, City’s Largest Listing of 2025

September 20, 2025September 20, 2025 Constance

Zijin Gold Targets $3.2B in Hong Kong IPO to Fund Global Mine Expansion Zijin Gold International, a wholly owned subsidiary of China’s Zijin Mining, is seeking to raise HK$24.98 billion (US$3.2 billion) through an initial public offering (IPO) in Hong Kong, according to its prospectus released Friday. The deal is set to be the city’s largest listing of the year. The company will sell 349 million shares at an offer price of HK$71.59 each, giving Zijin Gold a valuation of about US$24.1 billion. Trading is scheduled to begin on the… Read More Here

International Corporate News Gold

Barrick’s Fourmile Project Poised to Become Century’s Largest Gold Discovery

September 17, 2025September 17, 2025 Constance

Barrick Mining’s Nevada Fourmile Project Could Rank Among World’s Top 10 Gold Producers Barrick Mining has positioned its Nevada Fourmile project as one of the most important gold discoveries in decades, with new studies indicating it could become a global top-tier producer and reshape the industry’s cost curve. On Tuesday, the Toronto-based miner released an updated preliminary economic assessment (PEA), highlighting Fourmile’s rare combination of grade, scale, and longevity. The report confirmed the project’s potential to qualify as a Tier 1 mine — reserved for large, low-cost, long-life operations. “Fourmile… Read More Here

International Corporate News

Vedanta to Balance Coal and Renewables in Energy Transition Strategy

September 16, 2025September 16, 2025 Constance

Vedanta to Cut Coal Dependence to 50–60% While Expanding Renewables in Mining Operations Vedanta Resources will continue to rely on coal as the backbone of its energy supply while steadily increasing the share of renewables across its mining operations, CEO Deshnee Naidoo said on Tuesday at the FT Live Energy Transition Summit India. Currently, coal accounts for nearly 70% of Vedanta’s energy mix. “Coal will be, for us in Vedanta, the baseload contributor,” Naidoo said. However, the company plans to reduce coal dependence to 50–60% over the next three to… Read More Here