You are here

Category: International

Cyril Ramaphosa Re-elected as South Africa’s President in Historic Coalition Deal 1 Governance International 

Cyril Ramaphosa Re-elected as South Africa’s President in Historic Coalition Deal

Constance
South Africa’s parliament has re-elected Cyril Ramaphosa as the country’s president following an unprecedented coalition deal between the governing African National Congress (ANC) and several opposition parties. This new government of national unity brings together Ramaphosa’s ANC, the centre-right Democratic Alliance (DA), and smaller parties, marking a significant shift in the nation’s political landscape. In his victory speech, President Ramaphosa praised the new coalition, emphasizing the electorate’s expectation for leaders to “act and to work together for the good of everyone in our country.” The coalition agreement was finalized amidst… Read More Here
Chinese firm says it’s probing case of missing Russian copper 2 Copper International 

Chinese firm says it’s probing case of missing Russian copper

Constance
The Chinese state-owned firm whose shipment of copper from Russia went missing said it’s investigating the matter which involves a monetary value of about 110 million yuan ($15 million). Wuchan Zhongda Group Co. bought 2,000 tons of refined copper from a Russian company that should have been delivered last month but never arrived, Bloomberg News reported on Thursday, citing people familiar with the matter. In a statement Friday, the firm said it had conducted a preliminary review after media reports about its copper business. The case concerns an international trading… Read More Here
MMG to invest $700 million to double copper output at Botswana mine 3 Copper International 

MMG to invest $700 million to double copper output at Botswana mine

Constance
Chinese miner MMG Ltd will invest $700 million to double production at Botswana’s Khoemacau copper mine as part of a growth strategy to secure the critical metal, an official said on Wednesday. MMG announced in March that it had completed a deal to buy Canada-based Cuprous Capital, the parent company of the copper mine which lies in the Kalahari Copper Belt. Amid a surge in demand for the metal required for the green energy transition, Khoemacau has embarked on an expansion which will see the mine’s copper output more than… Read More Here
Ivanhoe Electric Addresses Misleading Media Reports on Recent Registration Statement Filing 4 Press Release International Mining technology News in Brief 

Ivanhoe Electric Addresses Misleading Media Reports on Recent Registration Statement Filing

Constance
PHOENIX, ARIZONA – Ivanhoe Electric Inc. (“Ivanhoe Electric”) (NYSE American: IE; TSX: IE) clarifies certain misleading media headlines speculating that Saudi Arabia Mining Company (“Ma’aden”) will sell Ivanhoe Electric shares under the recently filed Registration Statement. The Registration Statement was filed pursuant to an obligation in the Investor Rights Agreements (“IRA”) entered into between Ivanhoe Electric and Ma’aden at the time of Ma’aden’s initial investment in Ivanhoe Electric.  The IRA was previously disclosed and filed on July 6, 2023.  Ma’aden has confirmed, consistent with what was disclosed in the Registration Statement, that it has… Read More Here
Barrick and Zijin Contribute $1 Million to Support Papua New Guinea Landslide Victims 5 International Gold Press Release 

Barrick and Zijin Contribute $1 Million to Support Papua New Guinea Landslide Victims

Constance
 Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) and JV partner Zijin Mining Group announced today that they would jointly contribute US$1 million (Kina 3.8 million) to help communities in Papua New Guinea’s Enga province in the wake of a landslide in Mulitaka that has claimed an estimated 600 lives. A team of senior Barrick executives has spent the week in PNG visiting the disaster site and working with the provincial and national governments as well as officials from the United Nations, the Asian Development Bank, Australia, New Zealand and the United States to… Read More Here
Traders are desperate for copper deals and miners are cashing in 6 International Copper 

Traders are desperate for copper deals and miners are cashing in

Constance
A heated competition for copper among some of the biggest commodity traders is creating opportunities for miners to negotiate favorable terms ranging from huge upfront payments to extra-long contracts. Recent moves by cash-flush energy traders including Mercuria Energy Group Ltd. to expand in metals — a market long dominated by Glencore Plc and Trafigura Group — are raising tensions and sparking a scramble for contracts, at a time when the industry is already facing an unprecedented supply squeeze in copper ore. And mining companies are seizing the moment. One producer,… Read More Here
BHP walks away from proposed $49bn takeover of Anglo American 7 International 

BHP walks away from proposed $49bn takeover of Anglo American

Constance
BHP (ASX: BHP) has withdrawn its proposal to buy Anglo American (LON: AAL) after the takeover target rejected early on Wednesday last week the world’s largest miner’s request to extend talks, and said that while it believes its bid was “compelling”, the company is committed to a “disciplined approach” to mergers and acquisitions. “BHP will not be making a firm offer for Anglo American,” chief executive Mike Henry said in a statement published minutes before the 5 p.m. UK time deadline for the mining giant to make a formal bid.… Read More Here
B2Gold Completes Sale of Royalties Portfolio to Versamet Royalties 8 International Gold 

B2Gold Completes Sale of Royalties Portfolio to Versamet Royalties

Constance
Canada-based B2Gold announced on Thursday the sale of a portfolio comprising ten precious and base metals royalties to Sandbox Royalties, now renamed Versamet Royalties, a private metals royalty company focused on returns. Valued at approximately $90 million, this move enables B2Gold to unlock the value of its royalties, which CEO Clive Johnson believes have been underappreciated by the market. Under the purchase and sale agreement, Versamet acquired the royalties in exchange for 153.2 million common shares issued to B2Gold at C$0.80 per share, granting B2Gold a 33% equity interest in… Read More Here
Magna Mining Signs Toll Milling Agreement with Glencore Canada for Crean Hill Project 9 International 

Magna Mining Signs Toll Milling Agreement with Glencore Canada for Crean Hill Project

Constance
Exploration and development company Magna Mining has finalized a toll milling agreement with Glencore Canada for the surface bulk sample of the 109 Footwall (FW) zone at its Crean Hill project, located in Sudbury, Ontario. According to CEO Jason Jessup, this agreement marks a significant advancement for the Crean Hill project, which is a former producer of nickel, copper, and platinum group metals (PGM). Jessup emphasizes the collaboration with local major mining companies as a key strategy for project advancement. In March, Magna entered a definitive offtake agreement with Vale… Read More Here
Sibanye-Stillwater Resolves Illegal Sit-In at Kroondal Mine, Plans Employee Engagement 10 International 

Sibanye-Stillwater Resolves Illegal Sit-In at Kroondal Mine, Plans Employee Engagement

Constance
Multinational mining and metals processing group Sibanye-Stillwater announced it will engage with employees and representative unions at its Kroondal mine following the end of an illegal underground sit-in at the Kwezi shaft. Sibanye confirmed that all employees involved in the sit-in had exited the Kwezi shaft and returned to the surface by mid-afternoon on Wednesday. The sit-in, which began on Monday, June 3, involved more than 200 employees. The protest was initiated due to grievances over the non-receipt of employee share option payments. However, the company clarified that Kroondal employees… Read More Here

You have successfully subscribed to the newsletter

There was an error while trying to send your request. Please try again.

Copperbelt Katanga Mining will use the information you provide on this form to be in touch with you and to provide updates and marketing.