International - Copperbelt Katanga Mining

Teck Resources Lowers Output Forecast at Chile Copper Mine Amid Operational Setbacks 1

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

International Copper Corporate News

FQM Projects $18M Monthly Cost to Maintain Closed Cobre Panama Mine

July 27, 2025July 27, 2025 Constance

First Quantum Sees Monthly Maintenance Costs Rise at Panama Copper Mine Canadian mining company First Quantum Minerals announced on Wednesday that it expects monthly costs related to the upkeep of its closed Cobre Panama copper mine to rise to approximately $17 million to $18 million. This increase follows Panama’s approval in May of the company’s Preservation and Safe Management (P&SM) plan, which permits First Quantum to export copper concentrate stored at the site and restart the thermoelectric power plant at the mine. Cobre Panama has been shut since 2023, after… Read More Here

International Infrastructural Development

Angola Secures €75 Million from AFC to Build 186 Bridges and Upgrade National Roads

July 26, 2025July 26, 2025 Constance

Angola Accelerates Infrastructure Growth with €75 Million Boost from Africa Finance Corporation Angola has received a significant boost to its transportation infrastructure, with the disbursement of €75 million from the Africa Finance Corporation (AFC). This funding is part of an €85 million sovereign facility designed to transform the country’s national road network. The investment will support the construction of 186 priority bridges and strategic upgrades to key national roads. These initiatives are aligned with Angola’s National Development Plan (2023–2027), which aims to modernize infrastructure, enhance connectivity, and stimulate economic growth.… Read More Here

International Corporate News Gold

Mali Court Denies Barrick Mining’s Appeal to Release Detained Employees Amid Ongoing Dispute

July 22, 2025July 22, 2025 Constance

Mali Rejects Barrick Gold’s Appeal Over Employee Arrests as Mining Dispute Deepens A court in Mali on Tuesday rejected an appeal by Barrick Gold Corporation to release four local employees who were arrested in November 2024, according to Judge Samba Sarr. This ruling marks the latest development in a prolonged standoff between the Canadian mining giant and Mali’s military-led government over taxes and mine ownership. Barrick, which has consistently dismissed the allegations as baseless, filed an appeal to free the employees from detention. However, Judge Sarr ruled the appeal “unfounded,”… Read More Here

International Mining Equipment

Caterpillar and Luck Stone celebrate one million tons hauled autonomously at Bull Run Quarry

July 22, 2025July 22, 2025 Constance

o Caterpillar and Luck Stone announce a significant milestone in their ongoing collaboration of one million tons autonomously hauledo The achievement marks a first for Caterpillar in the aggregates industryo Reaching the one million tons hauled autonomously milestone confirms that autonomous haulage candeliver consistent, repeatable performance CHANTILLY, Va., July 14, 2025 – Caterpillar, Inc. (NYSE:CAT) and Luck Stone, the nation’s largest family-owned and operated producer of crushed stone, sand and gravel, announced a significant milestone in their ongoing collaboration: one million tons autonomously hauled at Luck Stone’s Bull Run Quarry… Read More Here

International Battery Metals Lithium

Zimbabwe’s Spodumene Exports Soar 30% in H1 2025 Despite Global Lithium Price Slump

July 21, 2025July 21, 2025 Constance

Zimbabwe Boosts Lithium Exports by 30% in First Half of 2025 Amid Global Price Decline Zimbabwe’s exports of spodumene concentrate—a key lithium-bearing mineral used in battery production—rose by 30% in the first half of 2025, defying the backdrop of falling global lithium prices, according to data from the Minerals Marketing Corporation of Zimbabwe (MMCZ). From January to June, the country exported 586,197 metric tons of spodumene concentrate, up from 451,824 metric tons during the same period in 2024, MMCZ figures shared with Reuters on Monday revealed. Despite a nearly 90%… Read More Here

Energy Corporate News International Uranium

Deep Yellow Progresses Namibia’s Tumas Uranium Project Amid Market Rebound and FID Delay

July 21, 2025July 21, 2025 Constance

Deep Yellow Advances Tumas Project Development Despite Delayed Investment Decision ASX-listed Deep Yellow reports continued strong progress across all key aspects of development at its flagship Tumas uranium project in Namibia, including engineering, procurement, site preparation, operational planning, and financing. The company’s decision to defer the final investment decision (FID) earlier this year has been “vindicated” by the recent surge in uranium prices, according to Managing Director and CEO John Borshoff. In April, Deep Yellow postponed its FID, citing its belief that the uranium price at the time did not… Read More Here