International - Copperbelt Katanga Mining

Rio Tinto Puts Richards Bay Minerals and Global Assets Under Strategic Review 1

Rio Tinto Launches Strategic Review of South African, Canadian, and U.S. Mining Operations Mining giant Rio Tinto has placed its Richards Bay Minerals (RBM) operations in KwaZulu-Natal, along with its Canadian iron and titanium operations and U.S. borates mine, under strategic review as part of a broader operational restructuring led by new CEO Simon Trott. On Wednesday, the company unveiled a new operating structure consolidating its activities into three business units and assigning the Borates and Iron & Titanium divisions to COO Alf Barrios for review. RBM, a leading producer… Read More Here

Fortescue Posts 41% Profit Drop Amid Weak Iron-Ore Prices but Eyes Green Energy Growth

August 28, 2025August 28, 2025 Constance

Fortescue FY25 Profit Falls 41% as Iron-Ore Prices Drop; Green Iron Projects Gain Momentum Fortescue Metals, the Australian iron-ore and green energy company, reported a 41% decline in full-year profit as weaker iron-ore prices weighed on revenue, though record shipments and disciplined cost management helped soften the impact. The company posted a net profit after tax of $3.4 billion for the year ending June 30, down from $5.7 billion a year earlier. Revenue fell 15% to $15.5 billion, driven by an 18% drop in the average realized price for hematite… Read More Here

International Copper Corporate News

Zijin Mining Warns of Geopolitical Risks Despite Record Earnings Surge

August 28, 2025August 28, 2025 Constance

Zijin Mining Reports Record Profits but Flags Geopolitical and Resource Nationalism Risks China’s Zijin Mining Group Co., the world’s third-largest metals producer by market value, has warned that geopolitical tensions and rising resource nationalism could challenge its overseas expansion, even as it posts record financial results. The copper and gold giant said that “global uncertainties have become unprecedented”, citing growing competition among major powers for critical minerals. This “high-intensity confrontation,” it warned, could weigh on future revenues, profitability, and new international projects. Zijin has rapidly risen to become one of… Read More Here

International Corporate News Mining Personality

Rio Tinto Reshapes Portfolio Under New CEO Simon Trott

August 28, 2025August 28, 2025 Constance

Rio Tinto CEO Simon Trott Unveils Major Overhaul, Consolidates Divisions and Reviews Non-Core Assets Rio Tinto’s new chief executive, Simon Trott, has announced a sweeping restructuring of the mining giant, consolidating its business into three core divisions—iron ore, copper, and aluminium–lithium—while placing several non-core assets under strategic review. Trott, who officially assumed leadership this week after previously heading Rio Tinto’s iron ore business, said the changes are aimed at simplifying the company’s structure and sharpening its portfolio focus. Iron Ore Division: Matthew Holcz has been appointed chief executive of iron… Read More Here

International Corporate News Mining safety

Codelco Faces Stricter Safety Demands to Reopen El Teniente Mine Following Deadly Accident

August 28, 2025August 28, 2025 Constance

Chile’s Sernageomin Tightens Safety Rules for Codelco’s El Teniente Mine After Fatal Collapse Chile’s mining regulator, Sernageomin, has imposed stricter safety requirements on state-owned copper producer Codelco before it can fully reopen operations at its flagship El Teniente mine, following a deadly collapse that killed six workers on July 31. According to official directives, Codelco must now submit a detailed monitoring and follow-up plan to ensure the stability and safety of all underground operations at El Teniente that remain closed. The accident prompted Codelco to immediately suspend activity across the… Read More Here

International Battery Metals Copper

US Expands Critical Minerals List to Include Copper, Potash, and Silicon

August 26, 2025August 26, 2025 Constance

US Government Adds Copper, Potash, and Silicon to Critical Minerals List in Major 2025 Update The US government has proposed adding copper, potash, and silicon to its critical minerals list, marking the most significant revision since the list’s inception in 2018. The update, conducted every three years under the Energy Act of 2020, now includes 54 minerals. Six minerals—copper, silicon, potash, silver, lead, and rhenium—were proposed for addition, while two, tellurium and arsenic, were removed. Copper and silicon were added due to the severe economic risks posed by potential supply… Read More Here

International Economy

Panama’s Economy Poised for Recovery Following Cobre Panama Mine Closure

August 26, 2025August 26, 2025 Constance

IMF Projects 4.5% Growth for Panama in 2025 as Economy Rebounds from Copper Mine Shutdown Panama’s economy is expected to rebound in 2025 as the effects of the late-2023 closure of First Quantum Minerals’ Cobre Panama copper mine fade and non-mining sectors continue to expand, the International Monetary Fund (IMF) said Monday. The Cobre Panama mine, one of the world’s largest open-pit copper deposits, was shut down following local protests over tax contributions and environmental concerns. Its closure significantly affected both Panama’s economy and First Quantum’s financial outlook. The company… Read More Here

International Corporate News

Arcadia Minerals Advances Namibian Portfolio While Preparing Swanson Tantalum Mine

August 26, 2025August 26, 2025 Constance

Arcadia Minerals Strengthens Namibian Assets and Near-Shovel-Ready Swanson Tantalum Project Arcadia Minerals has maintained strong momentum across its Namibian portfolio during a lean quarter, renewing licences, advancing multi-commodity targeting at the Tantalite Valley Complex, and continuing offtake and financing discussions for the near-shovel-ready Swanson tantalum mine, according to its June-quarter report filed on 31 July 2025. In the far south, Arcadia confirmed renewal of key exploration licences at the Tantalite Valley Complex through mid-2027 and completed a 97-sample stream-sediment program across the broader intrusive system. The survey returned widespread anomalism… Read More Here

International Energy Uranium

Namibia Poised to Become a Global Uranium Powerhouse by 2030

August 26, 2025August 26, 2025 Constance

Namibia Set to Export 40 Million Pounds of Uranium Annually as New Mines Drive Global Energy Supply By the end of this decade, Namibia could host six operating uranium mines, exporting nearly 40 million pounds annually to meet growing global demand for clean, reliable baseload energy. From Rössing’s historic legacy pits to the greenfield sites of Etango-8, uranium is reshaping Namibia’s desert, and the stakes have never been higher. Three advanced projects in the Erongo Region are set to expand Namibia’s uranium portfolio. Bannerman Energy’s Etango-8 project is the most… Read More Here

Corporate News Energy International

CrossBoundary Energy Secures $40 Million Investment to Boost Africa’s Renewable Power

August 25, 2025August 25, 2025 Constance

CrossBoundary Energy Receives $40 Million from Impact Fund Denmark to Accelerate Renewable Energy in Africa CrossBoundary Energy has secured a $40 million equity investment from Danish investor Impact Fund Denmark to accelerate renewable energy adoption across Africa. The distributed energy firm is advancing ambitious projects, including a 222 MWp solar facility and a 123 MVA/526 MWh battery system designed to power the Kamoa-Kakula Copper Mine in the Democratic Republic of Congo. “Our zero-CapEx model lowers the barrier to entry for African companies seeking stable, clean, and cost-effective power,” said Pieter… Read More Here