CKM Newsletter 14-07-2025

Barrick’s $2 Billion Lumwana Mine Expansion Set to Double Copper Output and Boost Zambia’s Economy…

Construction of the $2-billion expansion at Barrick Gold Corporation’s Lumwana copper mine in Zambia is well underway, marking a pivotal step in its transformation into a world-class Tier 1 copper operation. The project is being spearheaded by the NYSE- and TSX-listed mining giant and is set to significantly increase output and economic impact…  Read full details

• FQM Resumes Copper Shipments from Panama Amid Hopes for Mine Restart
• Zambia’s Energy Ministry Commissions Solar Power System to Lead Clean Energy Transition
• U.S. Announces 50% Copper Import Tariff, Driving Price Surge and Impacting DRC Copper Exports
• Dowstone Technology to Invest $165 Million in New Copper Smelter in DRC
• DRC Minister of Foreign Affairs Reports on Washington Peace Agreement Signing

• Zimbabwe’s Gold Boom Undermined by Currency Policy, Say Miners

• FQM’s Stake in Prospect Resources set to Extend Sentinel Mine and Drive Zambia’s Copper Growth
• DRC Secures Strategic Stake in Nation’s First Copper-Cobalt Refinery Project
• Prospect Resources Advances Phase 2 Drilling at Mumbezhi with Promising Copper Intercepts and Expanded Exploration
• CEC to Add Over 800 MW of Solar Power to Zambia’s Grid by 2027 Amid Hydropower Shortfalls
• Oscillate Secures Exclusive Agreement to Acquire High-Potential Copper-Silver Licences in Botswana
• Barrick CEO Reaffirms Long-Term Copper Optimism Despite U.S. Tariff Shock
• Barrick and Komatsu Seal $440M Deal to Power Reko Diq with Electric Mining Equipment
• Dangote Refinery Expands into Namibia with 1.6M-Barrel Fuel Storage to Supply Southern Africa
• Mali Military Airlifts $107M in Gold from Barrick’s Loulo-Gounkoto Mine to Fund Operations
• Gemfields Nears Completion of Montepuez Ruby Mine Expansion Amid Challenges
• Andrada Mining to Raise N$143 Million for Uis Tin Mine Expansion in Namibia

• North Kivu Launches High-Level Forum to Combat Mining Fraud and Improve Governance
• DRC Showcases Non-Mining Economic Strength at Ndola International Fair
• Liberia Signs $1.8 Billion Deal with Ivanhoe Atlantic to Revamp Railway for Guinea Iron Ore Exports

During Q2 2025, the Kamoa-Kakula Phase 1, 2, and 3 concentrators processed a combined 3.62 million tonnes of ore, producing 112,009 tonnes of copper…

Ivanhoe Mines (TSX: IVN, OTCQX: IVPAF) has announced robust second-quarter 2025 production results and provided updates on key project developments at its flagship operations: Kamoa-Kakula, Kipushi, and Platreef. During Q2 2025, the Kamoa-Kakula Phase 1, 2, and 3 concentrators processed a combined 3.62 million tonnes of ore, producing 112,009 tonnes of copper…  Read full details

Shuka Minerals Secures 2M Funding to Complete Kabwe Zinc Mine Acquisition and Advance Exploration in Zambia…

Shuka Minerals Secures 2M Funding to Complete Kabwe Zinc Mine Acquisition and Advance Exploration in Zambia Aim- and AltX-listed Shuka Minerals has entered into an agreement with its second-largest shareholder, Gathoni Muchai Investments (GMI), to increase its loan facility by 1.5 million. This follows an initial 500,000 Tranche 1 loan extended in December 2024, bringing GMI’s total funding…  Read full details

Trafigura Pays $200M for Congo Copper in Ivanhoe Smelter Deal Amid Tightening Global Supply…

Trafigura Group has agreed to pay $200 million in a prepayment deal to secure copper anodes from Ivanhoe Mines’ new smelter in the Democratic Republic of Congo (DRC), which is expected to begin operations in September. The agreement, finalized in June, was announced by Ivanhoe in a statement on Tuesday. The deal highlights the growing trend of global commodity trading firms — including Mercuria… Read full details

• FQM’s Stake in Prospect Resources set to Extend Sentinel Mine and Drive Zambia’s Copper Growth
• DRC Secures Strategic Stake in Nation’s First Copper-Cobalt Refinery Project
• Prospect Resources Advances Phase 2 Drilling at Mumbezhi with Promising Copper Intercepts and Expanded Exploration
• CEC to Add Over 800 MW of Solar Power to Zambia’s Grid by 2027 Amid Hydropower Shortfalls
• Oscillate Secures Exclusive Agreement to Acquire High-Potential Copper-Silver Licences in Botswana
• Barrick CEO Reaffirms Long-Term Copper Optimism Despite U.S. Tariff Shock
• Barrick and Komatsu Seal $440M Deal to Power Reko Diq with Electric Mining Equipment
• Dangote Refinery Expands into Namibia with 1.6M-Barrel Fuel Storage to Supply Southern Africa

• North Kivu Launches High-Level Forum to Combat Mining Fraud and Improve Governance
• DRC Showcases Non-Mining Economic Strength at Ndola International Fair
• Liberia Signs $1.8 Billion Deal with Ivanhoe Atlantic to Revamp Railway for Guinea Iron Ore Exports
• Zimbabwe’s Gold Boom Undermined by Currency Policy, Say Miners

• Mali Military Airlifts $107M in Gold from Barrick’s Loulo-Gounkoto Mine to Fund Operations
• Gemfields Nears Completion of Montepuez Ruby Mine Expansion Amid Challenges
• Andrada Mining to Raise N$143 Million for Uis Tin Mine Expansion in Namibia
• FQM Resumes Copper Shipments from Panama Amid Hopes for Mine Restart
• Zambia’s Energy Ministry Commissions Solar Power System to Lead Clean Energy Transition
• U.S. Announces 50% Copper Import Tariff, Driving Price Surge and Impacting DRC Copper Exports
• Dowstone Technology to Invest $165 Million in New Copper Smelter in DRC
• DRC Minister of Foreign Affairs Reports on Washington Peace Agreement Signing

Jubilee Metals Names Shard Capital as Joint Broker, Advances $90M Asset Sale in South Africa…

Diversified metals producer Jubilee Metals Group has appointed Shard Capital Partners as its joint broker with immediate effect, replacing RBC Capital Markets. Shard Capital will now work alongside Zeus Capital to support Jubilee’s capital markets activities and investor relations. The appointment marks a renewed collaboration, as the two companies have maintained a longstanding relationship… Read full details