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Mali Seizes Over $100M in Gold from Barrick Amid Political Power Grab and Mounting Instability 20 International Corporate News Gold 

Mali Seizes Over $100M in Gold from Barrick Amid Political Power Grab and Mounting Instability

Constance
Mali Confiscates $117M in Barrick Gold Days After Junta Leader Extends Indefinite Rule Mali’s military government has seized more than a ton of gold from Canadian mining giant Barrick, just days after junta leader Colonel Assimi Goïta signed a controversial law granting himself an indefinite presidential mandate. According to a statement from Toronto-based Barrick Gold, state helicopters arrived “unannounced” and removed approximately 35,000 ounces of bullion—worth about $117 million, based on Friday’s gold price of $3,324 per ounce. The company said the gold was potentially taken for sale by Mali’s… Read More Here
MMG and Hudbay Warn Peru of Potential Copper Output Disruptions Amid Ongoing Protests 21 International Copper 

MMG and Hudbay Warn Peru of Potential Copper Output Disruptions Amid Ongoing Protests

Constance
MMG and Hudbay Urge Peru to Resolve Protests Threatening Mine Operations Executives from MMG and Hudbay Minerals met with Peru’s cabinet chief, Eduardo Arana, on Thursday to express concerns that ongoing protests by informal miners could disrupt copper production at two of the country’s largest mines, according to sources familiar with the discussions. The two-week-long demonstration, which has blocked a key transit route in the Cusco region, poses a growing threat to operations at MMG’s Las Bambas and Hudbay’s Constancia mines—both of which rank among Peru’s top ten copper producers.… Read More Here
Rio Tinto Eyes U.S. Copper Expansion Amid Tariff Push and Energy Transition 22 Copper Corporate News International 

Rio Tinto Eyes U.S. Copper Expansion Amid Tariff Push and Energy Transition

Constance
Rio Tinto Signals Major U.S. Copper Investment Plans Amid Trump Tariff Proposal Rio Tinto has signaled a strong interest in expanding its copper operations in the United States, following former President Donald Trump’s proposed 50% tariffs on imported copper. The move is intended to bolster domestic production of critical materials essential for manufacturing and clean energy infrastructure. “There is increasing recognition by the U.S. government of the need for domestic sources of copper and other critical materials to support manufacturing and to power the country’s energy future,” said Katie Jackson,… Read More Here
Zimbabwe’s Largest Diamond Miner Cuts 400 Jobs Amid Global Market Slump 23 Diamond International 

Zimbabwe’s Largest Diamond Miner Cuts 400 Jobs Amid Global Market Slump

Constance
ZCDC Lays Off 400 Workers as Global Diamond Prices Plunge and Lab-Grown Gems Rise Zimbabwe’s largest diamond producer, the state-owned Zimbabwe Consolidated Diamond Company (ZCDC), is laying off 400 employees as it struggles to cope with a global downturn in demand for natural diamonds, a company representative confirmed. Speaking by phone, the spokesperson explained that the job cuts were a necessary measure to keep operations running and avoid a complete shutdown. In a follow-up text message, the representative noted that ZCDC had to choose between halting production entirely or maintaining… Read More Here
BHP Accelerates Electrification with New Battery Technology Partnerships in China 24 Corporate News International Partnership 

BHP Accelerates Electrification with New Battery Technology Partnerships in China

Constance
BHP Partners with CATL and BYD’s FinDreams to Accelerate Battery-Powered Mining and Cut Emissions Global mining giant BHP is ramping up its electrification strategy through preliminary agreements with two leading Chinese battery manufacturers. These initiatives aim to integrate advanced battery technologies across BHP’s worldwide operations. On Monday, the Melbourne-based company announced the signing of two memoranda of understanding (MoUs): one with Contemporary Amperex Technology Co. Limited (CATL), and the other with FinDreams Battery (FDB), a subsidiary of the BYD Group. Under its agreement with CATL, BHP will explore the development… Read More Here
Tyranna Resources Secures Majority Stake in Promising Maongo Copper-Gold Project in Angola 25 International Copper Gold New Mining Projects 

Tyranna Resources Secures Majority Stake in Promising Maongo Copper-Gold Project in Angola

Constance
Tyranna Resources Acquires 70% of Angola’s Maongo Copper-Gold Project Amid Growing Demand for Strategic Metals Tyranna Resources, an ASX-listed company, has signed agreements to acquire a 70% interest in the Maongo copper-gold project, located 25 km northeast of Namibe, Angola. The project comprises a single prospecting concession application covering 269 km², which is expected to be formally granted in the September 2025 quarter. The area hosts extensive historical mining infrastructure, including ore treatment sites, three main underground mining zones, and numerous secondary workings that predate Angola’s modern political era. Situated… Read More Here
Zambia and Mercuria Launch Copper Exports After Govt Waives Export Duty 26 Mining in Zambia Copper 

Zambia and Mercuria Launch Copper Exports After Govt Waives Export Duty

Constance
Zambia and Mercuria Begin Copper Exports Under New Partnership After Export Duty Suspension Zambia’s state-owned Industrial Development Corporation (IDC) and global commodities trader Mercuria Energy Group are set to export their first shipment of copper concentrates under a new joint venture, following a government waiver on export duties. The Zambian government issued a temporary suspension of the 10% export duty on semi-processed copper, covering 255,357 metric tons of copper concentrates. The waiver—granted on June 28 and formalized the day before—will remain in effect until October 1, according to official regulations.… Read More Here
U.S. Announces 50% Copper Import Tariff, Driving Price Surge and Impacting DRC Copper Exports 52 Copper 

U.S. Announces 50% Copper Import Tariff, Driving Price Surge and Impacting DRC Copper Exports

Constance
U.S. Imposes 50% Copper Tariff: Implications for Global Markets and the DRC’s Copper Industry On July 8, U.S. President Donald Trump announced a sweeping 50% tariff on all copper imports, aiming to boost domestic copper production and reduce reliance on foreign suppliers—an issue he labeled a national security risk. The United States is the world’s second-largest copper importer after China, primarily importing refined copper products. According to the U.S. Department of Commerce, copper imports reached $17 billion in 2024, with Chile alone accounting for $6 billion of that total. While… Read More Here
Dowstone Technology to Invest $165 Million in New Copper Smelter in DRC 53 Mining in DRC Copper 

Dowstone Technology to Invest $165 Million in New Copper Smelter in DRC

Constance
Dowstone Technology Plans $165M Copper Smelter in DRC, Boosting China’s Copper Refining Capacity Chinese battery materials firm Dowstone Technology announced on July 3, 2025, its intention to build a state-of-the-art copper smelting facility in the Democratic Republic of Congo (DRC). The planned investment of $165 million aims to create a plant capable of producing 30,000 tons of copper cathodes annually. Construction is expected to span 18 months, pending regulatory approvals from both the DRC and China. This new smelter is poised to further solidify China’s expanding influence in the refined… Read More Here

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