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Glencore Reports $5.4 Billion Half-Year EBITDA Amid Lower Coal Prices and Copper Output 1 Corporate News International 

Glencore Reports $5.4 Billion Half-Year EBITDA Amid Lower Coal Prices and Copper Output

Constance
Glencore Half-Year Report 2025 — CEO Review and Financial Highlights Glencore’s Chief Executive Officer, Gary Nagle, announced that the company has made significant progress in optimising operations and positioning for long-term, value-accretive growth during the first half of 2025. A comprehensive review of Glencore’s industrial portfolio identified opportunities to streamline the operating structure, optimise departmental management and reporting, and enhance technical expertise. As part of this review, Glencore expects approximately $1 billion in recurring cost savings (against a 2024 baseline) to be fully delivered by the end of 2026, with… Read More Here
ZCCM-IH Appointed by Government to Lead Transformation of Zambia’s Gold Sector 2 Mining in Zambia Economy Gold 

ZCCM-IH Appointed by Government to Lead Transformation of Zambia’s Gold Sector

Constance
ZCCM-IH Appointed to Overhaul Zambia’s Informal Gold Mining Industry for Sustainable National Growth ZCCM Investments Holdings Plc (ZCCM-IH) announced that it has officially been mandated by the Government of the Republic of Zambia to take the lead in the formalisation, development, and transformation of the gold sector in Zambia. This strategic appointment marks a historic milestone in the country’s mining landscape, paving the way for the creation of a structured, sustainable, and inclusive gold industry that benefits all Zambians. For decades, Zambia’s gold sector has remained largely informal—dominated by small-scale… Read More Here
Kansanshi Mine to Ensure Steady Gold Supply to Both Royal Gold and Bank of Zambia 3 Mining in Zambia Corporate News Economy Gold 

Kansanshi Mine to Ensure Steady Gold Supply to Both Royal Gold and Bank of Zambia

Constance
Kansanshi Mine Renews Gold Supply Agreement with Bank of Zambia While Honoring $1 Billion Deal with Royal Gold Kansanshi Mining Plc, a subsidiary of First Quantum Minerals (FQM), has reaffirmed its commitment to strengthening Zambia’s gold reserves by renewing its Memorandum of Understanding (MoU) with the Bank of Zambia (BOZ) for the continued sale of gold dore. This milestone was marked by a formal signing ceremony held today, signaling the continuation of a strategic partnership that dates back to 2020. The renewal comes at a time when Kansanshi is also… Read More Here
Glencore Warns of Cobalt Stockpile Build-Up Amid Prolonged DRC Export Ban 4 Mining in DRC Battery Metals Cobalt Economy 

Glencore Warns of Cobalt Stockpile Build-Up Amid Prolonged DRC Export Ban

Constance
Glencore May Be Unable to Sell Cobalt in 2025 Due to Congo Export Ban Glencore (LON: GLEN), the world’s second-largest cobalt producer, issued a warning on Wednesday that a substantial portion of its cobalt output may remain unsold by the end of 2025, citing ongoing export restrictions in the Democratic Republic of Congo (DRC). The DRC, which produces the majority of the world’s cobalt, imposed a four-month export ban in February 2025 after prices plunged to a nine-year low. In June, the Congolese government extended the ban by an additional… Read More Here
Copper Tariff Exemption Reveals the U.S. Balancing Act Between Industry Protection and Energy Costs 5 International Copper Economy 

Copper Tariff Exemption Reveals the U.S. Balancing Act Between Industry Protection and Energy Costs

Constance
Why the U.S. Exempted Refined Copper from Tariffs While Slapping 50% Duties on Aluminum In a move that surprised global markets, the United States last week announced it would exempt refined copper metal from new import duties—while maintaining steep tariffs on semi-finished copper products such as wire, tube, and sheet. The decision sent Comex copper prices down more than 20% since the announcement last Wednesday. The contrast between this exemption and the earlier imposition of 50% tariffs on aluminum imports highlights the crucial role of energy costs and industry lobbying… Read More Here
FQM Announces $1 Billion Gold Streaming Agreement with Royal Gold 6 Mining in Zambia Corporate News Gold 

FQM Announces $1 Billion Gold Streaming Agreement with Royal Gold

Constance
First Quantum Minerals Enters $1B Gold Streaming Agreement with Royal Gold to Boost Liquidity and Maintain Copper Exposure at Kansanshi Mine First Quantum Minerals Ltd. has announced that it has entered into a gold streaming agreement (the “Agreement”) with RGLD Gold AG, a wholly owned subsidiary of Royal Gold, Inc. (“Royal Gold”), through a wholly owned Canadian subsidiary. Under the terms of the Agreement, First Quantum will receive a $1.0 billion upfront cash payment in exchange for future gold deliveries linked to copper production at the Kansanshi Mine in Zambia… Read More Here
Jubilee Metals Makes Major Strides in Zambian Copper Expansion 7 Mining in Zambia Copper Corporate News Economy 

Jubilee Metals Makes Major Strides in Zambian Copper Expansion

Constance
Jubilee Metals Reports Strong Copper Growth in Zambia, Eyes 10,000t Boost in 2026 Amid Strategic Asset Expansion Diversified metals producer Jubilee Metals has announced substantial progress across its copper operations in Zambia, marking a critical milestone in its long-term copper expansion strategy. According to CEO Leon Coetzer, all essential assets are now in place to maintain momentum and drive sustainable growth. Jubilee’s Zambian strategy draws on the company’s extensive processing experience from its South African chrome and platinum group metals (PGM) operations, which are currently in the final stages of… Read More Here
Barrick Gold Enhances Transparency with Tailings Disclosure Aligned to Global Standards 8 Uncategorized Corporate News Gold International 

Barrick Gold Enhances Transparency with Tailings Disclosure Aligned to Global Standards

Constance
Barrick Gold Reports Full Tailings Storage Disclosure in Line with Global Industry Standard on Tailings Management Barrick Gold Corporation, listed on the NYSE and TSX, has released detailed disclosures of its tailings storage facilities (TSFs) in line with the Global Industry Standard on Tailings Management (GISTM), reaffirming its commitment to safety, transparency, and environmental responsibility. The disclosures provide site-level data for all relevant TSFs that Barrick owns, operates, or has in the design phase. This initiative underscores the company’s active role in developing the GISTM and its alignment with best… Read More Here
South Africa Hit with 30% U.S. Export Tariffs After Failed Trade Agreement 28 Economy International 

South Africa Hit with 30% U.S. Export Tariffs After Failed Trade Agreement

Constance
U.S. Slaps 30% Tariff on South African Exports Amid Collapsed Trade Talks South Africa is set to face a 30% tariff on its exports to the United States starting next week, following the failure to secure a new trade agreement before a deadline imposed by former U.S. President Donald Trump. The tariffs, formalized in an executive order signed on Thursday, apply to dozens of countries, with rates ranging between 10% and 41%. They will take effect within seven days as part of Trump’s broader effort to reshape global trade terms… Read More Here

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