International - Copperbelt Katanga Mining

Barrick Gold Warns of Looming Crisis as Tensions with Mali Escalate

April 17, 2025April 17, 2025 Constance

Canada-headquartered Barrick Gold has issued a stern warning to the government of Mali, stating that the future of its flagship Loulo-Gounkoto gold mine is in jeopardy due to a worsening standoff over taxes and regulatory actions. In a statement released on Wednesday, the Toronto-based gold miner accused a “small group of individuals” within Mali’s government of blocking a fully negotiated agreement—reached in February with the Ministry of Finance—for political or personal reasons. Despite Barrick already paying $85 million last year as part of ongoing negotiations, the agreement remains unsigned. “The… Read More Here

International Battery Metals Lithium

Andrada Confirms High-Grade Lithium, Tin, and Tantalum at Uis Project in Namibia

April 13, 2025April 13, 2025 Constance

Aim-listed Andrada Mining has announced encouraging initial drill results from 13 polymetallic pegmatites at its Uis mining licence in Namibia, reinforcing the scale and quality of mineralisation at the project, according to CEO Anthony Viljoen. The pegmatites, located within a 3 km radius of the existing Uis tin mine processing plant, form part of a broader swarm of approximately 180 mineralised pegmatites identified within the licence area. The current drilling campaign aims to validate historical data and evaluate the by-product potential of these previously mined areas. The programme includes 44… Read More Here

International Corporate News

Jubilee Metals Boosts PGM Output Through Strategic Partnership in South Africa

April 12, 2025April 12, 2025 Constance

AIM- and AltX-listed Jubilee Metals has signed a 12-month partnership agreement with an undisclosed platinum group metals (PGM) producer to process surplus PGM- and chrome-bearing material from its South African operations. The agreement follows a significant increase in chrome concentrate production, which reached a record 974,659 tonnes for the six months ending December 31, 2024. The rise was driven by the commissioning of two new chrome processing modules at the company’s Thutse operations. The higher chrome output led to an accumulation of PGM-rich surface stock, prompting Jubilee to seek a… Read More Here

International Copper

Peru Forecasts Modest Copper Output Growth Amid Global Trade Shifts

April 12, 2025April 12, 2025 Constance

Peru’s copper production is expected to rise by 2% to 4% in 2025, reaching between 2.79 million and 2.85 million metric tons, up from 2.74 million tons in 2024, according to Julia Torreblanca, president of the National Society of Mining, Oil and Energy (SNMPE). Speaking to Reuters during the CESCO and CRU copper conferences in Chile, Torreblanca noted that the Peruvian government is working to streamline the permitting process to enable miners to ramp up production more efficiently. Peru, once the world’s second-largest copper producer, was overtaken by the Democratic… Read More Here

International Copper

Codelco Output Falls 6% in February as Escondida Rises and Collahuasi Slumps

April 12, 2025April 12, 2025 Constance

SANTIAGO – Chile’s state-owned copper giant Codelco saw its copper production drop by 6% year-on-year in February, producing 98,100 metric tons, according to data released by the Chilean Copper Commission (Cochilco) on Thursday. Despite being the world’s top copper producer, Codelco has struggled in recent years to reverse a steady decline in output as it works through operational and project challenges. In contrast, BHP’s Escondida mine – the world’s largest copper mine – reported a 16% increase in production, reaching 113,400 metric tons for the month. Meanwhile, output at Collahuasi,… Read More Here

International New Mining Projects Uranium

Pioneer Lithium Fast-Tracks Uranium Strategy with Advanced Warmbad Project in Namibia

April 12, 2025April 12, 2025 Constance

ASX-listed Pioneer Lithium has acquired and reviewed a substantial body of historical exploration data for the Warmbad uranium project in Namibia’s southern uranium corridor, significantly advancing its strategy in the nuclear energy space. The data, sourced from the Namibian Ministry of Mines and Energy, confirms widespread, thick zones of uranium mineralisation consistent with alaskite-hosted systems such as those found at the globally significant Rossing mine. Between 2007 and 2009, former operator Xemplar Energy drilled 161 reverse circulation holes and 11 diamond drill holes, totaling 31,685 metres. These campaigns outlined three… Read More Here

Gold Corporate News International

Barrick Gold Eyes Copper Future with Proposed Name Change to Barrick Mining Corp

April 12, 2025April 12, 2025 Constance

Barrick Gold Corp., the world’s second-largest gold producer and listed on the New York Stock Exchange under the ticker “GOLD,” is signaling a major strategic shift — one that leans heavily into copper. The Canadian mining giant has proposed changing its name to Barrick Mining Corp., dropping “Gold” from its title in a move that underscores its growing focus on copper and its diversification beyond its traditional bullion roots. Barrick is currently investing $6 billion into developing a massive copper project in Pakistan, set to launch in 2028 and operate… Read More Here

Gold International

Mali’s Mining Revenue Surges 52.5% Despite Drop in Gold Output

April 12, 2025April 12, 2025 Constance

Mali’s state revenue from gold mining companies surged by 52.5% in 2024, driven by higher tax collection and increased dividend payments following the enforcement of a new mining code, according to a mines ministry document seen by Reuters. The West African nation, one of the continent’s top gold producers, is home to major mining firms including Barrick Gold, B2Gold, Resolute Mining, Endeavour Mining, and Hummingbird Resources. Revenue paid by mining companies to the national treasury rose to 835.1 billion CFA francs ($1.4 billion) in 2024, up from 547.6 billion CFA… Read More Here

International Corporate News

Glencore ex-CEO Glasenberg buys shares for first time since 2015

April 10, 2025April 10, 2025 Constance

Glencore Plc’s former chief executive officer and largest shareholder Ivan Glasenberg added to his stake for the first time in a decade after a share-price rout triggered by Donald Trump’s sweeping tariffs. Glasenberg’s shareholding in the miner and commodity trader rose to 1.219 billion shares — worth $3.7 billion at current prices according to a regulatory filing. That represents an increase of about 7.4 million shares from the level detailed in Glencore’s annual report last month. Disclosure was necessary because his stake rose above 10% of the outstanding stock. While… Read More Here

International Press Release Uranium

Namibia Strengthens Uranium Market with Exploration and Production (E&P) Expansion

April 9, 2025April 9, 2025 Constance

CAPE TOWN, South Africa, April 9, 2025/ — Namibia is expanding its uranium industry through a combination of established operations and new Exploration and Production (E&P) initiatives. With an average production of 5,613 metric tons in recent years, Namibia has solidified its position as the world’s third-largest uranium producer. As global interest in uranium increases to meet growing demand for nuclear electricity, the country is intensifying cooperation with international E&P companies to unlock the full potential of its uranium market. The upcoming African Mining Week – taking place October 1-3… Read More Here