International - Copperbelt Katanga Mining

Fluor Finalizes Role in Barrick’s Multibillion-Dollar Reko Diq Copper Project in Pakistan 1

Fluor Secures Final Approval for Major Reko Diq Copper Project in Pakistan with Barrick Mining U.S.-based engineering firm Fluor has received the final notice to proceed from Barrick Gold Corporation for the development of the Reko Diq copper-gold project in Pakistan, a multibillion-dollar venture expected to significantly boost the country’s mining sector. Fluor was appointed as the lead engineering, procurement, and construction management (EPCM) partner by Barrick in April. The company confirmed that it booked its portion of the contract in the second quarter of 2025. While the total contract… Read More Here

International Gold New Mining Projects

Kavango Resources Identifies Key Structural Controls on Gold Mineralisation at Hillside Project in Zimbabwe

July 29, 2025July 29, 2025 Constance

Kavango Confirms Shear Zone Gold Targets at Hillside Project in Zimbabwe’s Filabusi Greenstone Belt London-listed Kavango Resources has released its first technical update on the structural geology of its Hillside gold project, located in Zimbabwe’s Filabusi Greenstone Belt. The analysis, conducted in collaboration with Murgana Structural Consulting of Sofia, Bulgaria, provides valuable insight into the geological setting of three priority prospects: Nightshift, Bill’s Luck, and Steenbok. At all three sites, gold-bearing quartz veins have been confirmed within well-developed shear zones. These findings represent significant structural controls on mineralisation. Preliminary interpretations… Read More Here

International Copper

Chile Pushes for U.S. Copper Tariff Discussions in Broader Trade Talks

July 29, 2025July 29, 2025 Constance

Chile Urges U.S. to Address Copper Tariffs in Ongoing Trade Negotiations Chile is urging the United States to include proposed copper tariffs in broader trade negotiations taking place in Washington this week, according to Finance Minister Mario Marcel. Speaking on Monday during an interview with local radio station Duna, Marcel emphasized the importance of addressing the issue as part of comprehensive trade discussions. The move comes in response to a recent announcement by the Trump administration, which plans to impose a 50% tariff on copper imports starting August 1. Chile,… Read More Here

International Economy

Namibia Charts Bold Economic Comeback Under First Female President

July 28, 2025July 28, 2025 Constance

Namibia Targets 7% Growth to Regain Upper-Middle-Income Status with Green Hydrogen and Regional Energy Alliance Under the leadership of its first female president, Netumbo Nandi-Ndaitwah, Namibia is laying out an ambitious roadmap to restore its upper-middle-income status after a recent downgrade by the World Bank. The downgrade, prompted by fiscal challenges and a dip in gross national income (GNI) per capita below the $4,496 threshold, reclassified Namibia as a lower-middle-income country. In response, President Nandi-Ndaitwah’s administration has set a bold economic growth target of 7%, anchored by green hydrogen development,… Read More Here

International Economy

South Africa Secures R7 Billion BRICS Bank Loan to Upgrade Aging Road Infrastructure

July 28, 2025July 28, 2025 Constance

South Africa to Revamp Road Infrastructure with R7 Billion BRICS Bank Loan from NDB South Africa is set to receive a R7 billion (approximately $398 million) loan from the New Development Bank (NDB), commonly known as the BRICS Bank, to overhaul its aging road infrastructure. This strategic investment aims to modernize key transportation routes, improve connectivity, ease traffic congestion, and enhance road safety along critical economic corridors. The NDB, established by the BRICS bloc—Brazil, Russia, India, China, and South Africa—is gaining momentum as a major alternative financier for infrastructure projects… Read More Here

International Corporate News

Fortescue Resets Hydrogen Strategy Amid Record-Breaking Iron Ore Performance

July 28, 2025July 28, 2025 Constance

Fortescue Scales Back Hydrogen Projects, Posts Record 198.4M Tonnes Iron Ore Shipments in FY2025 Fortescue has significantly scaled back its global green hydrogen ambitions, shelving its Arizona hydrogen initiative and the PEM50 electrolyser project as part of a strategic reset. Meanwhile, its core iron ore operations have posted record-breaking results for the 2025 financial year. The Australian miner, led by founder Andrew Forrest who had long championed hydrogen as a future growth avenue, is now taking a more measured approach. The company said its energy project pipeline is being “refined… Read More Here

International Corporate News Gold

Zijin Mining Emerges as Lead Bidder for Barrick’s Tongon Gold Mine in Côte d’Ivoire

July 28, 2025July 28, 2025 Constance

Zijin Mining Poised to Acquire Barrick’s Tongon Gold Mine in Côte d’Ivoire for Up to $500 Million Zijin Mining, one of China’s largest gold and copper producers, is the leading contender to acquire Barrick Gold’s Tongon mine in northern Côte d’Ivoire for up to $500 million, according to two sources familiar with the matter. Barrick, the world’s third-largest gold producer, is actively reshaping its asset portfolio by prioritizing high-margin, long-life operations, with increasing emphasis on copper and strategic assets across Africa and the Middle East. The move comes amid mounting… Read More Here

International

Ghana Overhauls Mining Laws to Boost Local Benefits and Tighten Regulations

July 28, 2025July 28, 2025 Constance

Ghana’s Sweeping Mining Law Reforms Aim to Shorten Licences and Mandate Revenue Sharing with Communities Ghana is set to implement its most significant mining law reforms in nearly two decades, aiming to shorten licence durations and require mining companies to share revenues directly with local communities. The announcement came from Minister of Lands and Natural Resources Emmanuel Armah Kofi Buah during a6 presentation in Accra. These reforms align with a broader regional trend in West Africa, where governments are updating mining codes to capture more value amid rising global commodity… Read More Here

International Copper

Glencore to Close Mt Isa Copper Mines After 60 Years as Smelter Faces Uncertain Future

July 28, 2025July 28, 2025 Constance

Glencore Nears Closure of Mt Isa Copper Mines, Smelter Future Uncertain Glencore is set to close its final two copper mines in Mount Isa, Queensland, this week, marking the end of an era for the company’s upstream copper operations in Australia. The decision comes ahead of a separate determination on the future of the region’s copper smelter, which may also be shut down. A spokesperson for Glencore confirmed that the mines—operational for more than 60 years—are being closed due to declining ore grades, rendering them economically unviable. The company first… Read More Here

Gold International

Caledonia Mining Boosts 2025 Profit Outlook on Strong Zimbabwe Gold Production

July 27, 2025July 27, 2025 Constance

Caledonia Mining Expects 2025 Profitability to Exceed Market Estimates Driven by Increased Gold Production Zimbabwe-focused gold miner Caledonia Mining Corporation has announced that it expects its profitability for the 2025 financial year to be significantly ahead of market expectations. “We are very pleased with the excellent production results announced on July 16. Combined with a robust and sustained gold price, we are experiencing strong profitability,” said CEO Mark Learmonth. “This success reflects the hard work and dedication of the team at Blanket Mine and across the group, which we have… Read More Here