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Rising Capital Costs Threaten New Copper Mine Developments 1 International Copper 

Rising Capital Costs Threaten New Copper Mine Developments

Constance
The rising cost of capital is emerging as a major challenge for the development of new copper mines, driven by resurgent inflation and soaring infrastructure expenses, according to First Quantum Minerals CEO Tristan Pascall. Speaking at the London Indaba conference, Pascall highlighted that the mining industry is now facing some of the highest capital costs among global sectors. “We now face one of the highest capital costs available,” said Pascall. “The reality is we have to turn to financial markets to develop these large-scale projects, and even the biggest mining… Read More Here
AVZ Minerals Resumes Arbitration Against DRC Over Manono Lithium Permit 2 Lithium Battery Metals Corporate News Mining in DRC 

AVZ Minerals Resumes Arbitration Against DRC Over Manono Lithium Permit

Constance
AVZ Minerals Limited (AVZ or the Company) has confirmed the resumption of arbitration proceedings before the International Centre for Settlement of Investment Disputes (ICSID). The proceedings were initiated by the Company’s subsidiaries—AVZ International Pty Ltd (AVZI), Green Lithium Holdings Pte Ltd (GLH), and Dathcom Mining SA (Dathcom)—against the Democratic Republic of Congo (DRC). The dispute centers on the DRC’s failure to grant a mining exploitation permit (Permis d’Exploitation or PE) to Dathcom for the area covered under Permit PR 13359 (ICSID Case No. ARB/23/20). As previously announced on 26 May… Read More Here
EU Strengthens Support for Responsible Mining and Geological Development in the DRC 3 Mining in DRC Battery Metals Cobalt Exploration 

EU Strengthens Support for Responsible Mining and Geological Development in the DRC

Constance
The European Union has unveiled new financial support for the Democratic Republic of Congo’s (DRC) mining sector, launching two key initiatives aimed at fostering responsible mineral value chains and enhancing the country’s geological data infrastructure. The first initiative involves the EU’s backing of the Cobalt for Development project. This program is being implemented by the German development agency GIZ in collaboration with the Congolese state-owned enterprise, Entreprise Générale du Cobalt. Starting with pilot sites, the project seeks to improve social and environmental conditions in the artisanal cobalt mining sector. The… Read More Here
Perseus Mining Sets Five-Year Annual Gold Production Target 4 International Gold 

Perseus Mining Sets Five-Year Annual Gold Production Target

Constance
Australian mining company Perseus Mining has announced an ambitious target to produce between 515,000 and 535,000 ounces of gold annually over the next five years from its operations in Ghana, Côte d’Ivoire (Ivory Coast), and Tanzania. The Yaouré Mine in Côte d’Ivoire is expected to be the leading contributor, accounting for 34% of total production. Ghana’s Edikan and Sissingué mines are projected to contribute 28% and 10%, respectively. Meanwhile, Tanzania’s Nyanzaga Gold Project, currently under construction since April 2025, is anticipated to supply 28% of the company’s planned output. “In… Read More Here
$1.5 Billion Energy Corridor to Link Angola and DR Congo 5 Mining in DRC Angola Electricity 

$1.5 Billion Energy Corridor to Link Angola and DR Congo

Constance
Energy companies Mitrelli (Israel) and Hydro-Link (USA) signed a landmark $1.5 billion agreement on Monday to construct a power transmission line capable of transporting 1,200 megawatts (MW) of electricity from Angola to the Democratic Republic of Congo (DRC). The deal was signed during the 17th U.S.-Africa Business Summit and includes plans to establish Special Economic Zones (SEZs) along the route, integrated with the Lobito Railway Corridor. According to the companies, the initiative aims to promote industrialization and boost local economies along the corridor. Mitrelli emphasized the project’s strategic significance, stating… Read More Here
Global Cobalt Market Jolted by Congo’s Surprise Export Ban Extension 6 Mining in DRC Battery Metals Cobalt 

Global Cobalt Market Jolted by Congo’s Surprise Export Ban Extension

Constance
Cobalt futures in China soared on Monday to levels not seen since mid-March, following the Democratic Republic of Congo’s decision to extend its ban on cobalt concentrate exports. Initially implemented in February, the ban has now been prolonged by another three months, significantly disrupting global supply. As the source of over 80% of the world’s cobalt—a key component in electric vehicle (EV) batteries—the DRC’s move is expected to remove more than 100,000 tonnes of cobalt from the global market over a seven-month span, according to industry estimates. Futures contracts for… Read More Here
FQM Suspends Operations After Fatal Accident at Zambia’s Sentinel Mine 7 Mining in Zambia Corporate News Mining safety News in Brief 

FQM Suspends Operations After Fatal Accident at Zambia’s Sentinel Mine

Constance
First Quantum Minerals announced on Monday that it has temporarily suspended operations in the area of a fatal accident at its Trident project in Zambia, following the death of an employee. The Canadian mining company stated that the incident involved a dump truck at the Sentinel copper mine, one of its key assets in the region. Operations in the affected area will remain halted until it is deemed safe to resume, according to a company statement. Local authorities have been notified, and First Quantum has initiated an internal investigation into… Read More Here
Communities Rally for Reopening of Cobre Panama Mine Amid Economic Fallout 8 International Copper 

Communities Rally for Reopening of Cobre Panama Mine Amid Economic Fallout

Constance
Thousands of former workers, local residents, and members of supplier companies marched on Sunday in the town of Penonomé, Panama, urging President José Raúl Mulino to initiate dialogue on the potential reopening of the Cobre Panama copper mine, according to El Capital Financiero. The mine, operated by Minera Panamá—a subsidiary of Canada’s First Quantum Minerals (TSX: FM)—was shut down after Panama’s Supreme Court ruled in 2023 that its operating contract was unconstitutional. The decision halted operations at the country’s only large-scale mining project. The ruling followed mounting legal challenges and… Read More Here
Lucapa 171 carat diamond Diamond Corporate News Mining in DRC 

SACIM Faces Crisis Amid Marketing Restrictions and Financial Strain

Constance
The 48th Ordinary Meeting of the Council of Ministers, held on Friday, June 20, 2025, in Kinshasa, reviewed a report from the Minister of Mines evaluating the operational, managerial, and social conditions of the Anhui Congo Mining Investment Company (SACIM). The report also outlined supervisory measures aimed at reviving the struggling diamond mining firm. SACIM, located in Miabi in the Kasai Oriental province, is facing a severe crisis threatening its viability, despite maintaining a monthly diamond production of approximately 250,000 carats. The company’s difficulties are largely attributed to outdated regulatory… Read More Here
Glencore Seeks Govt Support to Avert Mount Isa Smelter Closure 9 International Corporate News 

Glencore Seeks Govt Support to Avert Mount Isa Smelter Closure

Constance
Glencore (LON: GLEN) has deemed its Mount Isa copper smelter economically unviable and is awaiting responses from both the Australian federal and Queensland state governments regarding requests for financial assistance to continue operations. The Swiss mining and commodities giant cited “unprecedented smelting market conditions,” along with high energy, gas, and labour costs, and a shortage of copper concentrates as key factors undermining the facility’s sustainability. The company initially announced the planned closure of its Mount Isa copper mines and related operations in October 2023. At that time, Glencore stated that… Read More Here

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