International - Copperbelt Katanga Mining

Trump Orders Increased U.S. Mineral Production, Raising Questions Over DRC Partnership 1

U.S. President Donald Trump has announced new measures to boost domestic mineral production, including critical minerals, uranium, copper, potash, and gold. The Trump administration stated that the move addresses the “grave” security and economic risks posed by U.S. dependence on foreign mineral supplies, particularly from hostile nations. Under the directive, the Secretary of the Interior and White House economic and security advisers must, within 10 days, identify all federal lands with known mineral deposits. “The Secretary of the Interior shall prioritize mineral production and mining-related activities as primary land uses… Read More Here

Zijin Mining Sees 52% Profit Growth Amid Rising Copper and Gold Prices

March 26, 2025March 26, 2025 Constance

Zijin Mining Group, China’s largest metals producer, reported a 52% surge in profit for the past year, driven by higher copper and gold prices, as well as increased production. Net income rose to 32.1 billion yuan ($4.4 billion), while sales climbed 3.5% to 303.6 billion yuan, according to an exchange filing. The company had initially expected earnings to increase by 53%, reaching 32 billion yuan. Over the past decade, Zijin has expanded aggressively, becoming a significant global copper supplier through major new projects in the Democratic Republic of Congo and… Read More Here

Gold International

Gold M&A Activity Set to Surge in 2025 Amid Rising Prices and Limited Discoveries

March 26, 2025March 26, 2025 Constance

As in 2023 and 2024, when gold dominated global mining mergers and acquisitions (M&A), the trend is expected to continue in 2025. Experts predict that the rising price of gold and the limited number of major gold discoveries will keep gold at the forefront of M&A activity in the mining sector. Earlier today, South Africa’s Gold Fields announced a $2.1 billion proposal to acquire Australian Gold Road Resources. Although the proposal was swiftly rejected by Gold Road’s board of directors, it highlights the ongoing wave of M&A activity in the… Read More Here

International Corporate News

Glencore Halts Copper Shipments from Chile’s Altonorte Smelter Amid Furnace Issues

March 26, 2025March 26, 2025 Constance

Glencore Plc has suspended shipments from its Altonorte copper smelter in Chile due to a furnace malfunction, disrupting operations as traders and producers rush to supply more metal to the U.S. ahead of potential tariffs. The company has temporarily halted production and invoked force majeure clauses in its commercial contracts, sources familiar with the matter revealed. Force majeure provisions allow suppliers to suspend deliveries due to unforeseen circumstances beyond their control. This setback adds to a series of recent disruptions at smelters and refineries in Asia, further tightening global copper… Read More Here

International Copper Corporate News

First Quantum Opens Cobre Panama to Public in Bid for Restart Support

March 26, 2025March 26, 2025 Constance

First Quantum Minerals (TSX: FM) officially opened Cobre Panama to visitors on Monday as part of its efforts to regain public support for restarting the $10 billion copper mine, which has remained shut for over a year. In a press release, Cobre Panama announced the launch of its Mine Visit program, granting the public access to one of Latin America’s most advanced copper mining operations. Guided by Panamanian engineers and miners, visitors can tour key facilities, including the Botija pit, the 300 MW power plant, the international port, and the… Read More Here

New Mining Projects Corporate News International

Saudi Arabia Grants Mining Exploration Leases to Vedanta, Zijin, and Hancock

March 22, 2025March 22, 2025 Constance

Saudi Arabia has awarded mining exploration leases to major global companies, including India’s Vedanta, China’s Zijin Mining Group, and a subsidiary of Australia’s Hancock Prospecting, as part of its strategy to expand and diversify its mining sector. The Ministry of Industry and Mineral Resources announced via X that the leases cover a total area of 4,788 km², including the Jabal Sayid region. This initiative aligns with Saudi Arabia’s Vision 2030, which aims to reduce oil dependency, develop a competitive domestic mining industry, and attract foreign investment. Zijin Mining, in partnership… Read More Here

International Copper Corporate News

Panama Awaits Formal Notice on First Quantum’s Arbitration Suspension

March 22, 2025March 22, 2025 Constance

PANAMA CITY – Panamanian President Jose Raul Mulino stated on Thursday that his government has yet to receive official notification from Canada’s First Quantum Minerals regarding the suspension of arbitration over its Cobre Panama copper mine. An internal memo from Cobre Panama, the company’s local unit, revealed last Friday that First Quantum had instructed its lawyers to begin suspending arbitration proceedings. The cases were originally filed after the Panamanian government shut down the mine in 2023 following widespread protests over environmental concerns. Mulino clarified that his administration cannot engage in… Read More Here

International

Trump Announces Measures to Boost U.S. Mineral Production Amid Security Concerns

March 22, 2025March 22, 2025 Constance

On Thursday, March 20, 2025, U.S. President Donald Trump unveiled new measures aimed at increasing domestic mineral production, including critical minerals, uranium, copper, potash, and gold. The move is designed to address the ongoing security and economic threats the U.S. faces due to its reliance on foreign mineral supplies, particularly from countries deemed hostile. The new directive mandates that, within 10 days, the Secretary of the Interior, along with presidential assistants for economic policy and security, identify federal lands rich in mineral deposits and reserves. The order prioritizes mineral production… Read More Here

International Gold

Angola Warns Gold Miners in Cabinda Over Non-Compliance

March 21, 2025March 21, 2025 Constance

Most mining companies operating in Angola’s Cabinda province, particularly in the gold sector, risk losing their exploration licenses due to non-compliance with government regulations, warned Angola’s Secretary of State for Mineral Resources, Jânio Corrêa Víctor, on Saturday. Speaking to the press during a two-day working visit to Cabinda, Víctor revealed that out of 11 licensed gold projects in the province, only one has delivered tangible results, while the rest remain inactive. He noted that Angola continues to face a significant gold production deficit, making it difficult to achieve its mining… Read More Here

Diamond Corporate News International

TAGS & Sodiam Sell $15.4M in Rough Diamonds at 2025 Luanda Tender

March 18, 2025March 18, 2025 Constance

Trans Atlantic Gem Sales (TAGS) and Angola’s state-owned diamond trader, Sodiam, successfully sold more than $15.4 million worth of large rough diamonds at their first tender of the year. The sale, held from March 5 to 13 in Luanda, featured 36 diamonds over 10 carats, including seven stones exceeding 60 carats. Approximately 95% of the goods found buyers. TAGS, which markets production from seven Angolan mines—Lulo, Tchegi, Somiluana, Kaixepa, Chitotolo, Catoca, and Luele—saw contributions from all of them in this auction. Among the highlights were two high-value diamonds from Lucapa… Read More Here