International - Copperbelt Katanga Mining

Barrick Gold Seeks Resolution in Mali Mining Dispute

March 11, 2025March 11, 2025 Constance

Barrick Gold remains fully engaged in negotiations with the Malian government to resolve their ongoing dispute over the Loulo-Gounkoto gold mining complex, according to a company memo seen by Reuters on Saturday. The conflict stems from Mali’s new mining code, which grants the state a larger stake in mining operations. Since 2023, Barrick and the government have struggled to agree on its implementation. Tensions escalated on January 13, when Barrick temporarily halted mining operations after the government seized three metric tons of gold stock and blocked exports since November 2023.… Read More Here

International Copper

Freeport-McMoRan Pushes for Copper’s Critical Mineral Status Amid U.S. Policy Shifts

March 11, 2025March 11, 2025 Constance

Freeport-McMoRan is urging U.S. President Donald Trump to designate copper as a critical mineral, a move that would unlock substantial tax credits under the Inflation Reduction Act and bolster domestic production, CEO Kathleen Quirk said Monday. Trump recently told Congress he would take “historic action to dramatically expand production of critical minerals,” though details remain unclear. Copper plays a crucial role in power generation, electronics, and construction, yet it is absent from the U.S. Geological Survey’s critical minerals list, which currently includes lithium, nickel, and 48 other minerals. If classified… Read More Here

Copper International

Peru Seeks Talks with U.S. Over Proposed Copper Tariffs

March 11, 2025March 11, 2025 Constance

Peru is preparing to send a delegation to meet with U.S. officials following the Trump administration’s announcement of potential copper tariffs that could impact Peru’s largest export product. “The rules of the game are changing quickly under the new North American administration,” Energy and Mines Minister Jorge Montero said in Lima on Monday. Peru aims to protect its economic interests and mitigate the impact of any restrictive U.S. trade measures. As the world’s third-largest copper supplier, Peru exports some of its semi-processed copper to the U.S., though most is shipped… Read More Here

International

Mali to Partially Lift Mining Permit Suspension on March 15

March 9, 2025March 9, 2025 Constance

Mali will partially lift its suspension on the issuance of mining permits starting March 15, the Ministry of Mines announced. The West African nation, one of Africa’s leading gold producers, halted the allocation of mining titles in November 2022, citing the need to improve regulatory procedures. In 2023, the country introduced a new mining code that increased taxes and granted the state larger stakes in mining assets. The ministry stated that the suspension will be eased following extensive efforts to clean up the mining register. As a result, authorities will… Read More Here

International Governance

US and Ukraine Revive Minerals Deal After Contentious Oval Office Meeting

March 6, 2025March 6, 2025 Constance

The United States and Ukraine are moving forward with a minerals agreement that was derailed after a tense Oval Office meeting between President Donald Trump and Ukrainian President Volodymyr Zelenskiy, sources familiar with the situation revealed on Tuesday. Trump has expressed a desire to announce the deal during his address to Congress on Tuesday evening, though it remains unsigned, and the situation could still change, according to three sources. The White House, Ukraine’s presidential administration in Kyiv, and the Ukrainian embassy in Washington have not responded to requests for comment.… Read More Here

International

JSE Suspends Ayo Technology Solutions Over Listing Non-Compliance

March 5, 2025March 5, 2025 Constance

The Johannesburg Stock Exchange (JSE) has suspended Ayo Technology Solutions’ listing due to the company’s failure to comply with its listing requirements, specifically its inability to publish its annual report for the financial year ending August 31, 2024. “In accordance with the listing requirements and the Financial Markets Act, the company’s securities have been suspended with immediate effect,” the JSE announced. Ayo Technology Solutions had previously informed shareholders of delays in publishing its financial results through multiple Stock Exchange News Service (SENS) statements, the latest of which was issued on… Read More Here

International Corporate News Infrastructural Development

Old Mutual Takes Full Ownership of African Infrastructure Investment Managers

March 5, 2025March 5, 2025 Constance

Old Mutual has acquired full ownership of African Infrastructure Investment Managers (AIIM) as part of its strategy to strengthen its asset management portfolio and capitalize on Africa’s growing infrastructure investment opportunities. AIIM, which manages $1 billion in assets, invests in key sectors such as renewable energy, communication infrastructure, toll roads, airports, ports, and pipelines. “This is another important step in achieving Old Mutual’s goal of becoming a leading African financial services provider,” said Ralph Mupita, CEO of Old Mutual Emerging Markets. Infrastructure investment in Africa remains a major growth sector,… Read More Here

Mining Equipment International

PIC Rejects Barloworld Takeover in South Africa Over Governance Concerns

March 5, 2025March 5, 2025 Constance

State-owned asset management firm, the Public Investment Corporation (PIC), which holds a 21.97% stake in industrial equipment and services company Barloworld, has confirmed voting against the proposed takeover of the company at R123.10 per share. The PIC also exercised its right to vote against board members up for re-election at Barloworld’s Annual General Meeting (AGM) on February 21. In a statement, the PIC emphasized its mandate to generate value and financial returns for its clients while ensuring positive socioeconomic outcomes. While acknowledging that the offer price represented a premium within… Read More Here

International Corporate News Gold

Allied Gold Sells 50% Stake to UAE’s Ambrosia in $500M Deal to Boost Operations

February 28, 2025February 28, 2025 Constance

Canadian mining company Allied Gold has sold a 50% stake to UAE-based investment fund Ambrosia Investment Holding in a $500 million deal. The transaction includes $250 million in upfront cash, providing Allied with the necessary capital to accelerate operations at the Sadiola Mine in Mali and the Kurmuk Mine in Ethiopia. The partnership will create a joint venture focused on expanding Sadiola’s operations, including the deployment of solar PV and battery energy storage systems in collaboration with UAE-based ATGC by July 2026. The first-phase expansion is set to increase gold… Read More Here

International Corporate News Gold

B2Golds Otjikoto Mine Record Production and Strategic Growth Plans for 2025

February 28, 2025February 28, 2025 Constance

B2Gold’s Otjikoto Mine in Namibia, in which the company holds a 90% interest, had a strong performance in 2024, producing 198,142 ounces of gold, nearly at the midpoint of its guidance range of 185,000 to 205,000 ounces. For the year ending December 31, 2024, the mill feed grade was 1.87 g/t, with mill throughput at 3.34 million tonnes, and a gold recovery rate averaging 98.6%. In the fourth quarter of 2024, the Otjikoto Mine produced 52,452 ounces of gold. The mill feed grade for the fourth quarter was 2.10 g/t,… Read More Here