Breaking News
Congolese Miner CDMC Denies Links to Armed Groups Amid U.S. Sanctions 1 Mining in DRC 

Congolese Miner CDMC Denies Links to Armed Groups Amid U.S. Sanctions

Constance
CDMC Rejects Allegations of Armed Group Ties as U.S. Sanctions Target Rubaya Mining The Congolese mining company recently sanctioned by the United States has categorically rejected allegations linking it to armed groups and mineral smuggling in eastern Democratic Republic of Congo (DRC). On Tuesday, the U.S. Treasury Department announced sanctions against the Cooperative des Artisanaux Miniers du Congo (CDMC) over what it described as the illicit sale of critical minerals smuggled from Rubaya, a mineral-rich region. The sanctions also targeted the Coalition des Patriotes Resistants Congolais-Forces de Frappe (PARECO-FF)—an armed… Read More Here
Barrick Gold Highlights Africa as Core Growth Driver with Record Output from Kibali and Lumwana 2 Gold Corporate News Mining in DRC Mining in Zambia 

Barrick Gold Highlights Africa as Core Growth Driver with Record Output from Kibali and Lumwana

Constance
Barrick Hails Africa as Key Cash Generator, Showcasing Growth Across Gold and Copper Operations Africa remains a cornerstone of Barrick Gold’s portfolio, with the continent delivering some of the strongest cash flows for the company in the second quarter of 2025. CEO Mark Bristow praised the region’s performance, noting higher production, improved unit costs, and progress on multiple strategic growth projects. Barrick’s flagship Kibali gold mine in the Democratic Republic of Congo (DRC) delivered another strong quarter. Operated by Barrick and jointly owned with AngloGold Ashanti (45% each) and Société… Read More Here
Alphamin Resources Boosts Earnings as Tin Sales Surge 3 Uncategorized Corporate News Mining in DRC Tin 

Alphamin Resources Boosts Earnings as Tin Sales Surge

Constance
Alphamin Resources Q2 Earnings Jump 21% to $75M as Tin Sales Climb, $65M Dividend Announced JSE-listed Alphamin Resources has reported a 21% quarter-on-quarter increase in EBITDA to $75 million for the second quarter ended June 30, 2025, driven primarily by higher tin sales. Operations at the company’s Bisie tin mine in the Democratic Republic of Congo were temporarily halted earlier this year due to security concerns over insurgent activity near surrounding communities. The shutdown disrupted both production and sales before operations resumed in mid-April. Bisie produced 4,106 tonnes of contained… Read More Here
Zambia Copper Mine Disaster Far Worse Than Reported, Independent Audit Finds 4 Copper Mining in Zambia Safety & Health 

Zambia Copper Mine Disaster Far Worse Than Reported, Independent Audit Finds

Constance
Zambia Copper Mine Spill Released 30x More Toxic Waste Than Official Estimate, Audit Reveals The partial collapse of a waste dam at a Chinese state-owned copper mine in Zambia may have released 30 times more toxic sludge into the environment than previously reported, according to an independent evaluation of the disaster. An assessment by Drizit Zambia Ltd., hired to investigate the February 18 accident at Sino-Metals Leach Zambia Ltd. near Kitwe, found that at least 1.5 million tons of sulphuric acid-bearing tailings escaped—enough to fill more than 400 Olympic-sized swimming… Read More Here
Zimbabwe’s Gold Boom Overwhelms Laboratories Amid Record Prices 5 Gold International 

Zimbabwe’s Gold Boom Overwhelms Laboratories Amid Record Prices

Constance
Zimbabwe Gold Output Soars 40% as Record Prices Drive Exploration Surge Zimbabwe’s mining laboratories are struggling to cope with a surge in mineral samples, as gold producers ramp up exploration in response to record-high prices, a senior mining executive revealed on Wednesday. Geopolitical tensions, aggressive central bank purchases, and economic uncertainty—exacerbated by former U.S. President Donald Trump’s tariff policies—pushed gold prices to an unprecedented $3,500 per ounce in April 2025. Even Zimbabwe, where gold production had plummeted after decades of political and economic turmoil, has seen a remarkable rebound. The… Read More Here
US Sanctions Armed Group and Hong Kong Companies Linked to Congo’s Illicit Mineral Trade 6 Mining in DRC Battery Metals 

US Sanctions Armed Group and Hong Kong Companies Linked to Congo’s Illicit Mineral Trade

Constance
US Targets Armed Group and Hong Kong Firms Over Congo Conflict Minerals The United States has imposed sanctions on an armed group and two Hong Kong-based companies accused of involvement in violence and illegal mining in the Democratic Republic of Congo (DRC). Officials say the move is part of a broader effort to disrupt the flow of “conflict minerals” from the region. The Treasury Department’s Office of Foreign Assets Control (OFAC) announced penalties against PARECO-FF, a successor to an armed group with a history of “destabilizing activities” in the DRC.… Read More Here
Barrick Faces $1.04B Charge After Mali Seizes Loulo-Gounkoto Mine 7 Gold Corporate News International 

Barrick Faces $1.04B Charge After Mali Seizes Loulo-Gounkoto Mine

Constance
Barrick Gold Posts $1.04B Loss on Mali Mine Seizure Despite Strong Gold Price Rally Barrick Mining Corp. shares fell in pre-market trading Monday after the Canadian miner reported a $1.04 billion net charge linked to the seizure of its Loulo-Gounkoto gold complex by Mali’s military-led government. The charge reflects the “deconsolidation” of the mine following a change of control, according to Barrick’s second-quarter earnings report. The loss was partly offset by a $745 million gain from selling its 50% stake in the Donlin Gold project in Alaska. Tensions in Mali… Read More Here
Barrick CEO Downplays U.S. Tariff Impact, Denies Reko Diq Mediation 8 Corporate News Gold International 

Barrick CEO Downplays U.S. Tariff Impact, Denies Reko Diq Mediation

Constance
Barrick Gold CEO Says U.S. Tariffs Would Have Minimal Impact, Denies Mediating Saudi-Pakistan Reko Diq Talks Barrick Gold CEO Mark Bristow said on Monday that the World Gold Council is awaiting clarity from the United States on potential tariffs for gold bars. He emphasized, however, that any such tariffs would have minimal impact on mining companies, as they operate as “price takers” in the market. Speaking to Reuters, Bristow also clarified that Barrick is not acting as an intermediary between Saudi Arabia and Pakistan in relation to the Reko Diq… Read More Here
Gemfields Sells Fabergé to SMG Capital for $50 Million to Focus on Mining Operations 9 Mining in Zambia Gemstones News in Brief 

Gemfields Sells Fabergé to SMG Capital for $50 Million to Focus on Mining Operations

Constance
Gemfields Offloads Fabergé in $50M Deal to Boost Mozambique and Zambia Mining Projects Gemfields Group has sold luxury jeweller Fabergé Ltd to investment firm SMG Capital for $50 million, marking a significant step in the coloured gemstone miner’s strategy to streamline operations and refocus on its core mining business. The sale follows a strategic review launched late last year. Gemfields acquired Fabergé in 2012 to strengthen its gemstone portfolio and leverage the brand’s prestige to promote its jewellery offerings. Founded in 1842 by Gustav Fabergé, the brand became world-famous for… Read More Here
Zambia Secures $30.1 Million in Trade Deals to Boost Angola Partnerships at FILDA 2025 10 Mining in Zambia Economy Partnership 

Zambia Secures $30.1 Million in Trade Deals to Boost Angola Partnerships at FILDA 2025

Constance
Zambian Firms Seal $30.1 Million in Deals at Angola’s FILDA Trade Fair Luanda — The Zambian Development Agency (ZDA) has announced that Zambian companies secured an estimated US$30.1 million in trade deals during the 40th Edition of the Angola International Trade Fair (FILDA 2025). The agreements reflect growing interest from Zambian businesses in expanding partnerships with Angolan companies across multiple sectors. In a statement released Monday, the ZDA confirmed that 20 Zambian companies participated in a trade mission from July 24–26 in Luanda, signing agreements in industries including manufacturing, agro-processing,… Read More Here

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