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FQM Resumes Copper Shipments from Panama Amid Hopes for Mine Restart 1 Copper Corporate News International 

FQM Resumes Copper Shipments from Panama Amid Hopes for Mine Restart

Constance
First Quantum Minerals Ltd. has resumed shipments of copper concentrate from its Cobre Panama mine, 19 months after operations were halted by Panama’s Supreme Court, which ruled the mine’s license unconstitutional. On June 18, a bulk carrier named Lipsi departed from Punto Rincón, First Quantum’s private port used exclusively for exporting concentrate from the Cobre Panama operation, according to Bloomberg data. The ship, which can carry around 35,000 deadweight tons, is reportedly en route to deliver its cargo to German copper smelter Aurubis AG, according to sources familiar with the… Read More Here
De Beers to Launch Diamond Exploration in Angola's Lunda Provinces 2 Diamond Corporate News Exploration International 

De Beers to Launch Diamond Exploration in Angola’s Lunda Provinces

Constance
De Beers, the global diamond mining giant, will commence diamond exploration activities in Angola’s Lunda Norte and Lunda Sul provinces within the next two weeks, according to the company’s CEO, Al Cook. The announcement was made following a meeting with President João Lourenço in Luanda on Tuesday. According to a statement from the Press Office of the Presidency (CIPRA), accessed by VerAngola, the exploration marks the next phase following two years of aerial electromagnetic surveys and geological prospecting. “The multinational De Beers will begin drilling and exploration operations in Muconda… Read More Here
Angola to Begin Copper Production Mavoio Mine in September 3 New Mining Projects Copper International 

Angola to Begin Copper Production Mavoio Mine in September

Constance
The Mavoio copper mine, located in the municipality of Maquela do Zombo in Angola’s Uíge Province, is set to begin operations this September, entering its first phase of production with an expected output of 2,500 tons of copper per day. This marks a significant step for the country’s mining industry and regional development. According to a statement from the provincial government of Uíge, the mine has a total exploration capacity of 4,000 tons per day. The project spans an area of 2,000 square kilometers and includes both open-pit and underground… Read More Here
Mining Indaba 2026 to Emphasize Power of Collaboration in African Mining 4 Events & Expos International 

Mining Indaba 2026 to Emphasize Power of Collaboration in African Mining

Constance
With its immense reserves of critical minerals, Africa holds the key to powering the next phase of global development. As the world intensifies its focus on the minerals vital for clean energy, technology, and infrastructure, global interest in Africa’s resources is surging. However, unlocking this potential requires more than extraction. It demands a unified effort across governments, private investors, downstream buyers, local communities, and civil society. The 2026 Investing in African Mining Indaba (MI26) embraces this imperative with the theme: “Stronger Together: Progress Through Partnerships.” It highlights the transformative power… Read More Here
Ivanhoe Electric Advances Streamlined Copper Project Toward 2028 Production 5 International Copper Corporate News New Mining Projects 

Ivanhoe Electric Advances Streamlined Copper Project Toward 2028 Production

Constance
Working in close collaboration with expert industry consultants, our team has developed a highly optimized underground mine plan and a simplified heap-leach processing design. The result is a project with low upfront capital requirements, reduced operating costs per unit, and high copper recovery rates. Located on private land, the project benefits from a more efficient permitting process. Ivanhoe Electric aims to begin copper production by 2028. Financing efforts are already underway, bolstered by a letter of interest from the U.S. Export-Import Bank, which could provide up to $825 million in… Read More Here
Mali Appoints Temporary Administrator to Restart Operations at Barrick’s Loulo-Gounkoto Mine Amid Dispute 6 International Corporate News Gold 

Mali Appoints Temporary Administrator to Restart Operations at Barrick’s Loulo-Gounkoto Mine Amid Dispute

Constance
The Malian government has announced that a temporary administrator will resume production at Barrick Gold Corporation’s Loulo-Gounkoto mining complex, following a sharp escalation in tensions between the Canadian mining giant and the West African nation’s military-led government. The mine, one of Barrick’s most valuable assets, was placed under provisional administration earlier this month. On June 16, a court in Bamako ruled that the state could assume control of the mine’s management for six months. Barrick subsequently suspended operations after Malian authorities blocked gold exports and detained senior company staff. “The… Read More Here
Rising Capital Costs Threaten New Copper Mine Developments 7 International Copper 

Rising Capital Costs Threaten New Copper Mine Developments

Constance
The rising cost of capital is emerging as a major challenge for the development of new copper mines, driven by resurgent inflation and soaring infrastructure expenses, according to First Quantum Minerals CEO Tristan Pascall. Speaking at the London Indaba conference, Pascall highlighted that the mining industry is now facing some of the highest capital costs among global sectors. “We now face one of the highest capital costs available,” said Pascall. “The reality is we have to turn to financial markets to develop these large-scale projects, and even the biggest mining… Read More Here
Perseus Mining Sets Five-Year Annual Gold Production Target 8 International Gold 

Perseus Mining Sets Five-Year Annual Gold Production Target

Constance
Australian mining company Perseus Mining has announced an ambitious target to produce between 515,000 and 535,000 ounces of gold annually over the next five years from its operations in Ghana, Côte d’Ivoire (Ivory Coast), and Tanzania. The Yaouré Mine in Côte d’Ivoire is expected to be the leading contributor, accounting for 34% of total production. Ghana’s Edikan and Sissingué mines are projected to contribute 28% and 10%, respectively. Meanwhile, Tanzania’s Nyanzaga Gold Project, currently under construction since April 2025, is anticipated to supply 28% of the company’s planned output. “In… Read More Here
Communities Rally for Reopening of Cobre Panama Mine Amid Economic Fallout 9 International Copper 

Communities Rally for Reopening of Cobre Panama Mine Amid Economic Fallout

Constance
Thousands of former workers, local residents, and members of supplier companies marched on Sunday in the town of Penonomé, Panama, urging President José Raúl Mulino to initiate dialogue on the potential reopening of the Cobre Panama copper mine, according to El Capital Financiero. The mine, operated by Minera Panamá—a subsidiary of Canada’s First Quantum Minerals (TSX: FM)—was shut down after Panama’s Supreme Court ruled in 2023 that its operating contract was unconstitutional. The decision halted operations at the country’s only large-scale mining project. The ruling followed mounting legal challenges and… Read More Here
Glencore Seeks Govt Support to Avert Mount Isa Smelter Closure 10 International Corporate News 

Glencore Seeks Govt Support to Avert Mount Isa Smelter Closure

Constance
Glencore (LON: GLEN) has deemed its Mount Isa copper smelter economically unviable and is awaiting responses from both the Australian federal and Queensland state governments regarding requests for financial assistance to continue operations. The Swiss mining and commodities giant cited “unprecedented smelting market conditions,” along with high energy, gas, and labour costs, and a shortage of copper concentrates as key factors undermining the facility’s sustainability. The company initially announced the planned closure of its Mount Isa copper mines and related operations in October 2023. At that time, Glencore stated that… Read More Here

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