International - Copperbelt Katanga Mining

Exxaro Reshapes Leadership Structure to Drive Diversification and Sustainable Growth 1

Exxaro Announces New Management Structure and Leadership Appointments to Accelerate Diversification in Coal, Energy and Metals JSE-listed Exxaro Resources has unveiled a revamped group management structure designed to position the company as “fit for the future” while reflecting its growing diversified portfolio across coal, energy, and transitional metals. The new structure is aimed at stabilising operations, enhancing agility, improving collaboration, and enabling faster decision-making as Exxaro accelerates its sustainable growth and impact strategy. Strengthened Executive Committee The group executive committee, reporting directly to CEO Ben Magara, now includes: Riaan Koppeschaar… Read More Here

Corporate News Copper International

Glencore Seeks $13.5B Investment Boost for Argentine Copper Projects Under New Incentive Regime

August 21, 2025August 21, 2025 Constance

Glencore Applies for Argentina’s RIGI Program to Advance $13.5 Billion El Pachón and Agua Rica Copper Projects Commodities giant Glencore has submitted applications to include two of its flagship copper projects in Argentina—El Pachón and Agua Rica—under President Javier Milei’s new Incentive Regime for Large Investments (RIGI). If approved, the projects could unlock $13.5 billion in development spending over the next decade. The Switzerland-based miner confirmed Monday that it has applied for both projects, which it owns outright. Planned capital investment includes $9.5 billion for El Pachón (Phase 1) and… Read More Here

International Gold

Uganda Launches First Large-Scale Gold Mine with $250M Chinese Investment

August 18, 2025August 18, 2025 Constance

Uganda Opens $250 Million Gold Mine to Boost Exports and Mining Industry Uganda has officially inaugurated its first large-scale gold mine, a $250 million Chinese-owned project located in the eastern Busia district. The Wagagai Gold Mining Project will also refine bullion to 99.9% purity, according to a statement from the president’s office. The landlocked East African nation, endowed with minerals such as copper, cobalt, and iron ore, is seeking to expand its mining sector and establish itself as a leading gold producer and exporter. In 2023, Uganda earned $3.4 billion… Read More Here

International Corporate News Diamond

Lucapa Diamond Secures $10M Rescue Deal with Dubai’s Jemora Group

August 18, 2025August 18, 2025 Constance

Lucapa Diamond (ASX: LOM) Wins $10M Bailout from Dubai’s Jemora to Exit Administration Lucapa Diamond Company (ASX: LOM), operator of Angola’s Lulo alluvial mine and Australia’s Merlin project, has struck a rescue deal with Dubai-based Jemora Group that could bring the struggling miner out of administration. Administrators KordaMentha confirmed they have signed a deed of company arrangement with Jemora’s subsidiary, Gaston International, which has agreed to inject around A$15 million (US$10 million) into Lucapa. Under the proposal: Creditors would be paid in full. Shareholders could receive a partial payout of… Read More Here

Gold International

Zimbabwe’s Gold Boom Overwhelms Laboratories Amid Record Prices

August 14, 2025August 14, 2025 Constance

Zimbabwe Gold Output Soars 40% as Record Prices Drive Exploration Surge Zimbabwe’s mining laboratories are struggling to cope with a surge in mineral samples, as gold producers ramp up exploration in response to record-high prices, a senior mining executive revealed on Wednesday. Geopolitical tensions, aggressive central bank purchases, and economic uncertainty—exacerbated by former U.S. President Donald Trump’s tariff policies—pushed gold prices to an unprecedented $3,500 per ounce in April 2025. Even Zimbabwe, where gold production had plummeted after decades of political and economic turmoil, has seen a remarkable rebound. The… Read More Here

Gold Corporate News International

Barrick Faces $1.04B Charge After Mali Seizes Loulo-Gounkoto Mine

August 14, 2025August 14, 2025 Constance

Barrick Gold Posts $1.04B Loss on Mali Mine Seizure Despite Strong Gold Price Rally Barrick Mining Corp. shares fell in pre-market trading Monday after the Canadian miner reported a $1.04 billion net charge linked to the seizure of its Loulo-Gounkoto gold complex by Mali’s military-led government. The charge reflects the “deconsolidation” of the mine following a change of control, according to Barrick’s second-quarter earnings report. The loss was partly offset by a $745 million gain from selling its 50% stake in the Donlin Gold project in Alaska. Tensions in Mali… Read More Here

Corporate News Gold International

Barrick CEO Downplays U.S. Tariff Impact, Denies Reko Diq Mediation

August 14, 2025August 14, 2025 Constance

Barrick Gold CEO Says U.S. Tariffs Would Have Minimal Impact, Denies Mediating Saudi-Pakistan Reko Diq Talks Barrick Gold CEO Mark Bristow said on Monday that the World Gold Council is awaiting clarity from the United States on potential tariffs for gold bars. He emphasized, however, that any such tariffs would have minimal impact on mining companies, as they operate as “price takers” in the market. Speaking to Reuters, Bristow also clarified that Barrick is not acting as an intermediary between Saudi Arabia and Pakistan in relation to the Reko Diq… Read More Here

International Energy

Namibia Advances Bid to Join Nuclear Suppliers Group Amid Growing Nuclear Ambitions

August 10, 2025August 10, 2025 Constance

Namibia Pursues Nuclear Suppliers Group Membership to Boost Uranium Sector and Nuclear Energy Plans Namibia has officially endorsed its application to join the Nuclear Suppliers Group (NSG), the global body that governs the export of nuclear technology and materials to prevent their use in weapons. The Ministry of International Relations and Trade will lead the application process and establish an inter-ministerial committee to ensure Namibia meets all NSG compliance requirements, the cabinet announced in a statement. As part of the efforts, a Namibian delegation will engage with the International Atomic… Read More Here

Corporate News International

Glencore Reports $5.4 Billion Half-Year EBITDA Amid Lower Coal Prices and Copper Output

August 8, 2025August 8, 2025 Constance

Glencore Half-Year Report 2025 — CEO Review and Financial Highlights Glencore’s Chief Executive Officer, Gary Nagle, announced that the company has made significant progress in optimising operations and positioning for long-term, value-accretive growth during the first half of 2025. A comprehensive review of Glencore’s industrial portfolio identified opportunities to streamline the operating structure, optimise departmental management and reporting, and enhance technical expertise. As part of this review, Glencore expects approximately $1 billion in recurring cost savings (against a 2024 baseline) to be fully delivered by the end of 2026, with… Read More Here

International Copper Economy

Copper Tariff Exemption Reveals the U.S. Balancing Act Between Industry Protection and Energy Costs

August 6, 2025August 6, 2025 Constance

Why the U.S. Exempted Refined Copper from Tariffs While Slapping 50% Duties on Aluminum In a move that surprised global markets, the United States last week announced it would exempt refined copper metal from new import duties—while maintaining steep tariffs on semi-finished copper products such as wire, tube, and sheet. The decision sent Comex copper prices down more than 20% since the announcement last Wednesday. The contrast between this exemption and the earlier imposition of 50% tariffs on aluminum imports highlights the crucial role of energy costs and industry lobbying… Read More Here