International - Copperbelt Katanga Mining

Angolan Minister Dismisses Claims of U.S. Withdrawal from Lobito Corridor Funding 1

Angola’s Minister of Transport, Ricardo d’Abreu, has refuted circulating reports claiming that the United States has withdrawn funding for the Lobito Corridor. Speaking to Angop on Friday in Huambo during the Investment Opportunities Forum along the Lobito Corridor, d’Abreu clarified that the project is being developed through private investment by its concessionaire and shareholders. “Funding for the Lobito Corridor is not solely dependent on the United States,” he emphasized. He recalled that former U.S. President Donald Trump had only placed on hold certain initiatives by American aid agencies, particularly USAID,… Read More Here

International Mergers & Acquisitions News in Brief

Fortescue Secures 90% Stake in Red Hawk Mining, Moves to Full Acquisition

February 23, 2025February 23, 2025 Constance

ASX-listed Fortescue has acquired a 90.09% stake in Red Hawk Mining through its wholly owned subsidiary, FMG Pilbara, triggering a compulsory acquisition process for the remaining shares. In a market notice issued on Tuesday, Fortescue confirmed that it had initiated compulsory acquisition proceedings for the remaining Red Hawk shares. As a result, the ASX will suspend Red Hawk’s shares on February 25, with delisting to follow at a later date. Red Hawk shareholders who have not yet accepted Fortescue’s A$1.20-per-share offer still have time to do so before the offer… Read More Here

International Corporate News

Glencore Considers Primary Listing Move from London to New York or Other Exchanges

February 22, 2025February 22, 2025 Constance

Glencore (LON: GLEN), the global mining and commodity trading giant, is evaluating the possibility of relocating its primary stock listing from London to a different exchange, possibly New York, in search of a more favorable valuation. The move could deal a significant blow to the London Stock Exchange. Chief Executive Gary Nagle confirmed the company, which has been listed in London since 2011, is assessing whether another exchange might be more suitable for its securities. Nagle emphasized the importance of securing “the right and optimal valuation,” stating, “We want to… Read More Here

International Artisanal mining

Ghana Faces Billion-Dollar Challenge to Reclaim Land Devastated by Illegal Mining

February 21, 2025February 21, 2025 Constance

Ghana requires billions of dollars to restore vast stretches of degraded land and polluted water bodies caused by years of illegal mining. Professor Nana Browne Klutse, Acting CEO of the Environmental Protection Authority (EPA), described the situation as an emergency and urged development partners to support the country’s reclamation efforts. Speaking to the Ghana News Agency on Tuesday, Prof. Klutse revealed that a World Bank-funded pilot project had facilitated some land restoration. However, scaling up these efforts requires additional funding. “We have been approached by companies willing to assist with… Read More Here

International Tin

Andrada Mining Secures $2.5M Loan to Boost Tin Production at Uis Mine

February 17, 2025February 17, 2025 Constance

Andrada Mining, a tin producer with a portfolio of critical raw materials projects in Namibia, has secured a $2.5 million loan from LC Abelheim, acting as a trustee of the Orange Trust—Andrada’s largest shareholder. The funding will support the construction of a second 100 t/h tin processing jig plant at the company’s flagship Uis mine. This facility will include a three-stage primary crushing and screening circuit, a jigging section, and shaking tables, enabling the processing of a wider range of tin ore grades. To fast-track its tin expansion strategy, Andrada’s… Read More Here

Press Release Corporate News Exploration International New Mining Projects

Ivanhoe Mines Commences Exploration for Sediment-hosted Copper in Central Kazakhstan

February 16, 2025February 16, 2025 Constance

Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Executive Co-Chairman Robert Friedland and President Marna Cloete announced yesterday that an Exploration Joint Venture has been formed to explore the Chu-Sarysu Copper Basin in Kazakhstan, the world’s third-largest sediment-hosted copper district. The Joint Venture, with UK-based private company Pallas Resources, covers a highly prospective licence package of up to 16,000 km2, which spans an accumulated dataset of Soviet-era exploration data. For comparison, the licence package is approximately 7.5 times the size of Ivanhoe’s Western Forelands Exploration Project. Ivanhoe has committed to fund $18.7… Read More Here

International Corporate News Gold

Barrick Gold Weighs U.S. Relocation for Greater Market Access

February 15, 2025February 15, 2025 Constance

Toronto-based Barrick Gold (NYSE: GOLD; TSX: ABX) is considering relocating its corporate domicile from Canada to the United States, CEO Mark Bristow told The Globe and Mail. The move could provide greater market efficiency, attract a wider investor base, and position the company for inclusion in the S&P 500 index, triggering automatic purchases by mutual funds and exchange-traded funds. Barrick’s most significant asset is Nevada Gold Mines, a joint venture with Newmont (TSX: NGT; NYSE, ASX: NEM), in which Barrick holds a 61.5% stake. It is the world’s largest gold-producing… Read More Here

Copper International

Peru’s Copper Output Declines for First Time in Four Years

February 15, 2025February 15, 2025 Constance

Peru’s copper production in 2024 totaled 2,736,150 metric tons, marking a 0.7% decline from 2023, according to the country’s mining ministry. This drop ends four consecutive years of post-pandemic recovery. Industry analysts had anticipated stable production of around 2.8 million metric tons for both 2024 and 2025, citing declining ore grades and a lack of new projects. The Democratic Republic of the Congo surpassed Peru as the world’s second-largest copper producer in 2023, though Congo has yet to release its full-year figures for 2024. Despite the overall decline, Peru’s copper… Read More Here

International Gold

Barrick Gold’s Dispute with Mali Remains Unresolved as Talks Stall

February 14, 2025February 14, 2025 Constance

Negotiations between Barrick Gold (NYSE:GOLD)(TSX:ABX) and the Malian government over a prolonged dispute regarding payments from the country’s largest gold mine have been suspended without a resolution. Mali is demanding a settlement of 125 billion CFA francs ($197 million) from the Canadian mining giant, Bloomberg News reported, citing local sources. Additionally, the government insists that Barrick comply with its revised mining code, which increases the state’s share of mining revenues and removes tax exemptions. The Loulo-Gounkoto gold complex, developed under CEO Mark Bristow’s leadership at Randgold before its 2018 merger… Read More Here

Corporate News Copper International

First Quantum’s Cobre Panama Arbitration Delayed to 2026

February 14, 2025February 14, 2025 Constance

First Quantum Minerals announced on Tuesday that the final hearing for the Cobre Panama mine arbitration under the International Chamber of Commerce (ICC) has been postponed to February 2026 from its previously scheduled date in September 2024. The Cobre Panama mine, one of the world’s largest copper producers, was shut down in November 2023 after Panama’s Supreme Court ruled its contract unconstitutional. Widespread environmental protests further pressured authorities to close the operation. The Canadian miner stated that the Panamanian government requested an extension of its arbitration submission deadlines due to… Read More Here