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Category: International

Glencore Seeks $13.5B Investment Boost for Argentine Copper Projects Under New Incentive Regime 1 Corporate News Copper International 

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

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
Uganda Launches First Large-Scale Gold Mine with $250M Chinese Investment 2 International Gold 

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

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
Lucapa Diamond Secures $10M Rescue Deal with Dubai’s Jemora Group 3 International Corporate News Diamond 

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

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
Zimbabwe’s Gold Boom Overwhelms Laboratories Amid Record Prices 4 Gold International 

Zimbabwe’s Gold Boom Overwhelms Laboratories Amid Record Prices

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
Barrick Faces $1.04B Charge After Mali Seizes Loulo-Gounkoto Mine 5 Gold Corporate News International 

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

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
Barrick CEO Downplays U.S. Tariff Impact, Denies Reko Diq Mediation 6 Corporate News Gold International 

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

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
Namibia Advances Bid to Join Nuclear Suppliers Group Amid Growing Nuclear Ambitions 7 International Energy 

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

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
Glencore Reports $5.4 Billion Half-Year EBITDA Amid Lower Coal Prices and Copper Output 8 Corporate News International 

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

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
Copper Tariff Exemption Reveals the U.S. Balancing Act Between Industry Protection and Energy Costs 9 International Copper Economy 

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

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
Barrick Gold Enhances Transparency with Tailings Disclosure Aligned to Global Standards 10 Uncategorized Corporate News Gold International 

Barrick Gold Enhances Transparency with Tailings Disclosure Aligned to Global Standards

Constance
Barrick Gold Reports Full Tailings Storage Disclosure in Line with Global Industry Standard on Tailings Management Barrick Gold Corporation, listed on the NYSE and TSX, has released detailed disclosures of its tailings storage facilities (TSFs) in line with the Global Industry Standard on Tailings Management (GISTM), reaffirming its commitment to safety, transparency, and environmental responsibility. The disclosures provide site-level data for all relevant TSFs that Barrick owns, operates, or has in the design phase. This initiative underscores the company’s active role in developing the GISTM and its alignment with best… Read More Here

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