Mergers & Acquisitions - Copperbelt Katanga Mining

Rio Tinto-Glencore Merger Faces Regulatory Hurdles Amid Chinese Oversight 1

Proposed Rio Tinto-Glencore Merger May Require Asset Sales to Gain Approval from China The proposed merger between Rio Tinto and Glencore could face regulatory scrutiny from China, potentially requiring the sale of key assets to secure approval from the world’s largest commodity buyer. The deal, if completed, would create one of the largest mining companies globally, with a market value exceeding $200 billion. Analysts say China is likely to scrutinise the merger due to concerns over resource security and market concentration, particularly in copper production and marketing and iron ore… Read More Here

Mining in Zambia Corporate News Mergers & Acquisitions Zinc

Shuka Minerals Completes Acquisition of Kabwe Zinc Mine in Zambia

January 18, 2026January 18, 2026 Constance

Shuka Minerals Acquires Kabwe Zinc Mine, Securing One of the World’s Highest-Grade Zinc Assets AIM- and AltX-listed Shuka Minerals has completed the acquisition of Leopard Exploration and Mining (LEM) and the historic Kabwe Zinc Mine in Zambia, concluding a lengthy acquisition process. With the transaction finalised, Shuka has secured ownership of one of the world’s richest and most significant zinc deposits, with ore grades reaching up to 43 per cent zinc. The Kabwe Mine has a long operational history, with more than 14 million tonnes of ore extracted since commercial… Read More Here

Mining in Zambia Corporate News Mergers & Acquisitions Zinc

Shuka Minerals Nears Full Ownership of Kabwe Zinc Mine Following Funding Boost

January 14, 2026January 14, 2026 Constance

Shuka Minerals Set to Complete Acquisition of Kabwe Zinc Mine as Final Funding Tranche Nears AIM- and AltX-listed Shuka Minerals is expected to shortly receive £815,000 from investment banking group Gathoni Muchai Investments under an expanded loan agreement entered into in June last year. The funding will enable Shuka to settle the remaining cash consideration for its acquisition of Leopard Exploration and Mining, a Zambian mining company that owns the Kabwe zinc mine. Shuka began the acquisition process in November last year by settling an initial tranche of the purchase… Read More Here

International Corporate News Mergers & Acquisitions Oil & Gas

Glencore to Acquire Majority Stake in Dutch Fuel Supplier FincoEnergies

December 23, 2025December 23, 2025 Constance

Glencore Expands Northwest Europe Fuel Footprint with Majority Acquisition of FincoEnergies Global commodities trader and mining group Glencore has agreed to acquire a majority stake in Dutch fuel supplier FincoEnergies for an undisclosed amount, the company announced on Monday. The transaction will strengthen Glencore’s presence in Northwest European fuel markets, where FincoEnergies is a leading player in wholesale fuel distribution as well as biofuels and other low-carbon fuel segments, according to industry sources. Large trading houses such as Glencore have increasingly pursued strategic assets across the oil and fuel supply… Read More Here

Corporate News Copper International Mergers & Acquisitions

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