International - Copperbelt Katanga Mining

Fortescue Resets Hydrogen Strategy Amid Record-Breaking Iron Ore Performance 1

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

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

International Energy Uranium

Paladin Energy Forecasts Strong FY2026 Growth for Namibia’s Langer Heinrich Uranium Mine

July 27, 2025July 27, 2025 Constance

Paladin Energy Forecasts 4.4M lbs Uranium Output in FY2026 as Langer Heinrich Mine Ramps Up Australia- and Canada-listed Paladin Energy has released its financial year 2026 (FY2026) guidance for the Langer Heinrich Mine (LHM) in Namibia, forecasting a significant increase in uranium production as operations shift from processing stockpiled ore to primary mined feed. The company anticipates producing between 4.0 million and 4.4 million pounds of uranium oxide (U₃O₈) and expects to sell 3.8 million to 4.2 million pounds over the fiscal year. The cost of production is projected at… Read More Here

International Copper Corporate News

Teck Resources Lowers Output Forecast at Chile Copper Mine Amid Operational Setbacks

July 27, 2025July 27, 2025 Constance

Teck Resources Cuts Copper Production Forecast at Quebrada Blanca Mine Due to Tailings and Equipment Issues Teck Resources Ltd. has reduced its 2024 production guidance for its flagship Quebrada Blanca copper mine in Chile, citing ongoing operational challenges that continue to hinder its ramp-up efforts. The large-scale open-pit mine, known as QB2, is located in the high Andes and is experiencing issues related to tailings storage. In its latest earnings statement and conference call on Thursday, Teck disclosed that these issues are not only requiring additional spending but are also… Read More Here

International Copper Corporate News Diamond

Anglo American Sees Copper and Diamond Output Slide as Restructuring Efforts Continue

July 27, 2025July 27, 2025 Constance

Anglo American Reports 13% Drop in Copper Output and 26% Fall in Diamond Production Amid Sluggish Demand Anglo American, the London-listed global mining giant, reported a 13% decline in copper production and a 26% drop in rough diamond output for the first half of 2025, reflecting continued weakness in global demand. Copper output fell to 342,200 metric tons, down from the same period last year. However, the company reaffirmed its full-year copper production guidance of 690,000 to 750,000 tons, slightly lower than the 773,000 tons mined in 2024. Copper remains… Read More Here

International Corporate News

Trafigura Faces Pressure Over Share Buybacks Amid Executive Departures and Declining Profits

July 27, 2025July 27, 2025 Constance

Trafigura Delays Share Buybacks as Executive Exodus and Falling Profits Raise Investor Concerns A wave of senior executive departures is putting increased pressure on Trafigura Group’s ability to uphold its employee share buyback commitments, just as its recent profit surge begins to fade. According to people familiar with the matter, Trafigura has postponed approximately 30% of the share repurchases planned for this year. This deferral has sparked concern among current and former traders—many of whom have the majority of their personal wealth tied up in the company—about whether further delays… Read More Here

International Corporate News Mining safety

Newmont Successfully Rescues Trapped Workers After Rockfalls at Red Chris Mine in British Columbia

July 27, 2025July 27, 2025 Constance

Three Workers Rescued After 60-Hour Ordeal at Newmont’s Red Chris Mine in B.C. Three workers trapped underground for more than 60 hours at Newmont Corporation’s Red Chris mine in northwest British Columbia have been safely rescued, the company confirmed late Thursday night. The workers — Kevin Coumbs, Darien Maduke, and Jesse Chubaty — contractors employed by B.C.-based Hy-Tech Drilling, were brought to the surface around 10:40 p.m. local time (1:40 a.m. ET Friday). According to Newmont, all three were in “good health and spirits” after their rescue. The incident began… Read More Here