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Category: International

Burkina Faso Clarifies Govt’s Stake in Kiaka Gold Mine as Optional Under New Mining Code 1 International Gold 

Burkina Faso Clarifies Govt’s Stake in Kiaka Gold Mine as Optional Under New Mining Code

Constance
Burkina Faso Assures Investors: State’s Stake in WAF’s Kiaka Gold Mine Optional, Not Mandatory Burkina Faso’s director-general of the mining registry, Mamadou Sagnon, has sought to reassure investors that the government’s request for a larger stake in West African Resources’ (WAF) new Kiaka gold mine is not an obligation but an option under the country’s updated mining legislation. Speaking at the Africa Down Under conference in Perth, Sagnon explained that the July 2024 Mining Code increased the State’s free-carried interest in mining projects from 10% to 15%, while also allowing… Read More Here
Andrada Mining Kicks Off Lithium Ridge Drilling Program in Namibia with SQM Partnership 2 International Battery Metals Lithium New Mining Projects 

Andrada Mining Kicks Off Lithium Ridge Drilling Program in Namibia with SQM Partnership

Constance
Andrada Mining Launches Exploration Drilling at Namibia’s Lithium Ridge with SQM Investment Aim-listed Andrada Mining has commenced exploration drilling at its Lithium Ridge project in Namibia, in partnership with Sociedad Química y Minera de Chile (SQM) through its subsidiary SQM Australia. This marks a key milestone in the first stage of the companies’ earn-in agreement. Under this initial stage, SQM will fund up to $7 million in exploration to secure an initial 30% interest in the project. Across the full three-stage earn-in agreement, Andrada may fund up to $40 million… Read More Here
Sandfire Resources’ Motheo Copper Mine Delivers Record Growth and Economic Boost for Botswana 3 Corporate News Copper International 

Sandfire Resources’ Motheo Copper Mine Delivers Record Growth and Economic Boost for Botswana

Constance
Sandfire’s Motheo Copper Mine Exceeds Expectations, Driving Jobs and $2.8 Billion into Botswana Economy Australia-based Sandfire Resources Managing Director and CEO Brendan Harris has hailed the company’s Motheo copper mine in Botswana as a “remarkable achievement,” citing both the supportive investment environment and Sandfire’s operational excellence as key factors in the project’s success. Speaking at the Africa Down Under conference in Perth on Wednesday, Harris detailed how the $400-million project, delivered during the Covid-19 pandemic, had quickly surpassed expectations. “From construction to first concentrate, the development of Motheo has been… Read More Here
Glencore Initiates Retrenchment Process at South African Ferrochrome and Vanadium Operations 4 International Corporate News 

Glencore Initiates Retrenchment Process at South African Ferrochrome and Vanadium Operations

Constance
Glencore, Merafe Begin Retrenchment at Rustenburg Smelters as Power Costs Hit South Africa’s Ferrochrome Sector Glencore confirmed on Monday that a retrenchment process has begun at its joint-venture Rustenburg ferrochrome smelter and vanadium operations in South Africa, citing sustained economic pressures on the business. South Africa holds around 80% of the world’s known chrome ore reserves, according to Glencore, giving the country a dominant role in global ferrochrome production. However, persistent power shortages, rising electricity tariffs, and broader economic challenges have weighed heavily on the industry. In May, Glencore and… Read More Here
Ghana Reaffirms Mining Stability as $100m Black Volta Gold Project Faces Dispute 5 International Events & Expos Gold 

Ghana Reaffirms Mining Stability as $100m Black Volta Gold Project Faces Dispute

Constance
Ghana Reassures Investors Amid Black Volta Gold Project Dispute Ghana’s Lands and Natural Resources Minister, Armah-Kofi Buah, has moved to reassure international investors that the country remains a stable and attractive mining destination, despite a legal dispute delaying development of the Black Volta gold project. Speaking at the Africa Down Under conference in Perth on Thursday, Buah emphasized that the matter should be kept in perspective. “In my presentation, I was very clear about the number of companies operating happily in Ghana. I talked about the ten largest companies, five… Read More Here
Zijin Mining Plans $3 Billion Hong Kong IPO for Gold Unit Amid Record Prices 6 International Corporate News Gold 

Zijin Mining Plans $3 Billion Hong Kong IPO for Gold Unit Amid Record Prices

Constance
China’s Zijin Mining Eyes $3B Hong Kong IPO for Gold Unit as Prices Near Record Highs China’s Zijin Mining Group is preparing to list its international gold-mining subsidiary, Zijin Gold International, in Hong Kong in an initial public offering (IPO) that could raise more than $3 billion, according to sources familiar with the matter. If completed, the deal would rank as the second-largest IPO globally in 2025. The final size and timing of the IPO are still under discussion, though the listing could launch as early as this month. Investor… Read More Here
Austral Resources Secures Glencore Funding and Offtake Deal to Finalize Rocklands Copper Acquisition 7 International Copper Corporate News Mergers & Acquisitions 

Austral Resources Secures Glencore Funding and Offtake Deal to Finalize Rocklands Copper Acquisition

Constance
Austral Resources and Glencore Ink $15m Deal to Advance Rocklands Copper Project in Queensland ASX-listed Austral Resources Australia has signed binding agreements with Glencore, securing funding, offtake, and tolling arrangements that pave the way for its acquisition of the Rocklands copper project in Queensland. The deal package includes a $15 million loan facility, a copper concentrate offtake agreement, and a tolling agreement to maximize the use of Rocklands’ processing plant. Together, these agreements enable Austral to meet the final conditions required for its purchase of Copper Resources Australia (CRA), the… Read More Here
Teck Resources Delays Expansion Plans to Resolve Output Challenges at Quebrada Blanca Mine in Chile 8 International Copper Corporate News 

Teck Resources Delays Expansion Plans to Resolve Output Challenges at Quebrada Blanca Mine in Chile

Constance
Teck Resources Cuts Copper Guidance as Quebrada Blanca Mine Faces Tailings Storage Issues Teck Resources Ltd, Canada’s largest diversified miner, has put major expansion projects on hold while it addresses production challenges at its flagship Quebrada Blanca (QB) copper mine in northern Chile. The massive overhaul of the high-altitude mine has faced cost overruns of $4 billion and years of delays. In July, CEO Jonathan Price was forced to cut production guidance, citing ongoing problems with the mine’s tailings facility. Teck launched a comprehensive operational review in August, which is… Read More Here
IRH Strengthens UAE–Egypt Energy and Mining Collaboration with Landmark Agreements 9 International Corporate News Energy 

IRH Strengthens UAE–Egypt Energy and Mining Collaboration with Landmark Agreements

Constance
International Resources Holding Signs Strategic MoUs with EGPC and Egypt’s Mineral Authority to Boost Energy and Mining Investment International Resources Holding RSC Ltd. (IRH), a leading mine-to-market platform and subsidiary of 2PointZero, has signed two landmark Memoranda of Understanding (MoUs) with the Egyptian General Petroleum Corporation (EGPC) and the Egyptian Mineral Resources and Mining Industries Authority. The agreements reinforce the UAE–Egypt corridor as a key driver of regional energy security and sustainable economic growth. The MoUs were signed in Abu Dhabi by Ali Rashed AlRashdi, CEO of IRH, alongside Eng.… Read More Here
Harmony Gold Expands Internationally with $1.08 Billion Acquisition of MAC Copper 10 International Corporate News Mergers & Acquisitions 

Harmony Gold Expands Internationally with $1.08 Billion Acquisition of MAC Copper

Constance
Harmony Gold Acquires Australia’s MAC Copper Mine for $1.08 Billion to Boost Global Copper Portfolio South Africa’s Harmony Gold has taken a major step in its international expansion strategy with the proposed $1.08 billion (R19 billion) acquisition of Australia’s MAC Copper. The transaction, first announced in May 2025, moved closer to completion after MAC Copper shareholders overwhelmingly approved the deal. Headquartered in Randfontein, Harmony Gold is South Africa’s largest gold producer by volume, operating a mix of underground and open-pit mines in the Free State and Gauteng provinces, alongside surface… Read More Here

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