Mergers & Acquisitions - Copperbelt Katanga Mining

Glencore Expands Peru Copper Portfolio With Quechua Project Acquisition

December 17, 2025December 17, 2025 Constance

Glencore Acquires Quechua Copper Project in Peru as Copper Deals Surge Amid Supply Concerns Glencore Plc has acquired a Peruvian copper mining project in what marks the country’s third major copper transaction in less than two weeks, as mining companies move aggressively to increase exposure to a metal widely expected to face long-term supply constraints. The Swiss-based commodities group announced on Tuesday that it is purchasing the Quechua copper project in Peru’s Cusco region from Japan’s Pan Pacific Copper Co. for an undisclosed amount. According to the Peruvian government, the… Read More Here

Mining in Zambia Corporate News Mergers & Acquisitions Zinc

Shuka Minerals Moves Closer to Full Acquisition of Zambia’s Kabwe Zinc Mine

December 3, 2025December 3, 2025 Constance

Shuka Minerals to Receive Remaining Funds for Kabwe Zinc Mine and LEM Acquisition in December Aim- and AltX-listed Shuka Minerals has confirmed that it expects to receive the remaining funds needed to finalize its acquisition of Leopard Exploration and Mining (LEM) and the Kabwe zinc mine in central Zambia this month—slightly later than originally planned. In a December 1 update, the company said it had already completed the initial payment tranche, securing a 22.2% stake in LEM and the Kabwe project. However, subsequent payments from Gathoni Muchai Investments (GMI) are… Read More Here

Mining in Zambia Corporate News Mergers & Acquisitions News in Brief

Shuka Minerals Receives $300,000 Funding Tranche for Zambia Mine Acquisition

November 11, 2025November 11, 2025 Constance

Shuka Minerals Secures Initial $300,000 from GMI to Advance Zambia Zinc Mine and Leopard Exploration Deal Shuka Minerals, an AIM-listed mining company, has received an initial $300,000 funding tranche from its financing partner Gathoni Muchai Investments (GMI) as part of an expanded loan facility to support its planned acquisition of Leopard Exploration and Mining and the Kabwe Zinc Mine in Zambia. The payment marks a key step toward completing the acquisition, which had been delayed due to funding holdups from GMI. Under the revised financing arrangement, GMI has confirmed that… Read More Here

Mining in Zambia Corporate News Mergers & Acquisitions

Shuka Minerals Delays Zambia Mine Acquisition After GMI Funding Fails to Arrive

November 3, 2025November 3, 2025 Constance

Shuka Minerals Faces Further Delay in Zambia Acquisition as Financing Partner Misses Payment Deadline Aim- and AltX-listed Shuka Minerals has announced another delay in completing its planned acquisition of Leopard Exploration and Mining (LEM) and the Kabwe zinc mine in Zambia, citing late payment from its financing partner, Gathoni Muchai Investments (GMI). In a statement issued on November 3, Shuka said that despite written confirmation from GMI, the $1.35 million balance of the cash consideration due to the LEM vendors had not yet been received. GMI had initially advised that… Read More Here

International Corporate News Diamond Mergers & Acquisitions

Angola Rules Out State Funding for Endiama’s De Beers Stake Purchase

November 3, 2025November 3, 2025 Constance

Angola Rules Out Using National Budget to Fund Endiama’s Bid for De Beers Stake Angola will not use public funds to finance state-owned diamond company Endiama’s proposed acquisition of a stake in De Beers, Finance Minister Vera Daves de Sousa confirmed on Friday. Endiama has reportedly submitted a bid for a majority stake in De Beers, the diamond unit of Anglo American, according to a source familiar with the matter who spoke to Reuters on October 24. Initially, Angola had expressed interest in acquiring only a minority stake in De… Read More Here

Mining in DRC Corporate News Mergers & Acquisitions

Chengtun Mining Acquires Loncor Gold for C$261M, Secures Strategic Adumbi Gold Deposit in DRC

October 19, 2025October 19, 2025 Constance

Chengtun Mining Expands into Gold with Acquisition of Loncor Gold and Adumbi Deposit Chengtun Mining, a Chinese mining group, has agreed to acquire Canadian gold exploration company Loncor Gold in an all-cash deal valued at C$261 million (approximately $186 million), gaining control of the Adumbi gold deposit in the Democratic Republic of Congo (DRC). The definitive arrangement agreement, announced on October 14, 2025, sets the purchase price at C$1.38 per Loncor share, representing a 33% premium over Loncor’s 30-day volume-weighted average price and a 16% premium to its TSX closing… Read More Here

International Copper Corporate News Mergers & Acquisitions

Austral Resources Secures Glencore Funding and Offtake Deal to Finalize Rocklands Copper Acquisition

September 4, 2025September 4, 2025 Constance

Austral Resources and Glencore Ink $15m Deal to Advance Rocklands Copper Project in Queensland ASX-listed Austral Resources Australia has signed binding agreements with Glencore, securing funding, offtake, and tolling arrangements that pave the way for its acquisition of the Rocklands copper project in Queensland. The deal package includes a $15 million loan facility, a copper concentrate offtake agreement, and a tolling agreement to maximize the use of Rocklands’ processing plant. Together, these agreements enable Austral to meet the final conditions required for its purchase of Copper Resources Australia (CRA), the… Read More Here

International Corporate News Mergers & Acquisitions

Harmony Gold Expands Internationally with $1.08 Billion Acquisition of MAC Copper

September 2, 2025September 2, 2025 Constance

Harmony Gold Acquires Australia’s MAC Copper Mine for $1.08 Billion to Boost Global Copper Portfolio South Africa’s Harmony Gold has taken a major step in its international expansion strategy with the proposed $1.08 billion (R19 billion) acquisition of Australia’s MAC Copper. The transaction, first announced in May 2025, moved closer to completion after MAC Copper shareholders overwhelmingly approved the deal. Headquartered in Randfontein, Harmony Gold is South Africa’s largest gold producer by volume, operating a mix of underground and open-pit mines in the Free State and Gauteng provinces, alongside surface… Read More Here

International Corporate News Mergers & Acquisitions

Sibanye-Stillwater to Acquire US Recycler Metallix for $82M, Boosting Urban Mining Strategy

July 21, 2025July 21, 2025 Constance

Sibanye-Stillwater Acquires Metallix for $82 Million to Expand Precious Metals Recycling in the US Precious metals producer Sibanye-Stillwater has announced an agreement to acquire Metallix Refining, a U.S.-based precious metals recycler, for $82 million, marking a significant step in the company’s expanding urban mining strategy. Metallix operates two state-of-the-art recycling facilities in North Carolina, where it recovers high-value metals—including gold, silver, and platinum group metals (PGMs)—from industrial waste streams. “We are excited to be adding Metallix to our existing recycling footprint. Its scale, technology, and expertise will enhance our current… Read More Here

Mining in DRC Battery Metals Cobalt Copper Corporate News Mergers & Acquisitions

U.S. Consortium Eyes Strategic Acquisition of Chemaf Amid Critical Mineral Race in DRC

July 18, 2025July 18, 2025 Constance

U.S. Firms Orion and Virtus in Talks to Acquire Congo’s Chemaf Resources as Global Cobalt Race Heats Up A U.S.-based consortium, including former special forces and intelligence veterans, is in advanced talks to acquire Chemaf Resources Ltd., a copper and cobalt producer at the heart of intensifying U.S.-China competition over critical minerals in the Democratic Republic of Congo (DRC). According to sources familiar with the matter, Orion Resource Partners and Virtus Minerals are jointly negotiating the acquisition of Chemaf, which is currently backed by global commodity trader Trafigura Group. While… Read More Here