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Zijin Mining Sees 52% Profit Growth Amid Rising Copper and Gold Prices 21 International Copper Corporate News Gold 

Zijin Mining Sees 52% Profit Growth Amid Rising Copper and Gold Prices

Constance
Zijin Mining Group, China’s largest metals producer, reported a 52% surge in profit for the past year, driven by higher copper and gold prices, as well as increased production. Net income rose to 32.1 billion yuan ($4.4 billion), while sales climbed 3.5% to 303.6 billion yuan, according to an exchange filing. The company had initially expected earnings to increase by 53%, reaching 32 billion yuan. Over the past decade, Zijin has expanded aggressively, becoming a significant global copper supplier through major new projects in the Democratic Republic of Congo and… Read More Here
DRC's Tin Exports Surge in 2024 Amid Growing Global Demand 22 Mining in DRC Economy Tin 

DRC’s Tin Exports Surge in 2024 Amid Growing Global Demand

Constance
The mining sector in the Democratic Republic of Congo (DRC) saw significant revenue from tin exports in 2024. According to the Ministry of Mines’ annual report, the country exported 42,953 tonnes of tin, generating an estimated USD 512.9 million in revenue from international markets. As a major player in the global tin market, the DRC continues to assert its dominance, particularly in the electronics and metallurgical industries. Of the total exports, industrial production accounted for 27,100.10 tonnes, bringing in around USD 350.2 million. The Alphamin Bisie company leads the sector,… Read More Here
Gold M&A Activity Set to Surge in 2025 Amid Rising Prices and Limited Discoveries 23 Gold International 

Gold M&A Activity Set to Surge in 2025 Amid Rising Prices and Limited Discoveries

Constance
As in 2023 and 2024, when gold dominated global mining mergers and acquisitions (M&A), the trend is expected to continue in 2025. Experts predict that the rising price of gold and the limited number of major gold discoveries will keep gold at the forefront of M&A activity in the mining sector. Earlier today, South Africa’s Gold Fields announced a $2.1 billion proposal to acquire Australian Gold Road Resources. Although the proposal was swiftly rejected by Gold Road’s board of directors, it highlights the ongoing wave of M&A activity in the… Read More Here
DRC Diamond Exports Generate $89 Million in 2024 with Significant Growth in Volume 24 Diamond Economy Mining in DRC 

DRC Diamond Exports Generate $89 Million in 2024 with Significant Growth in Volume

Constance
Diamond exports from the Democratic Republic of Congo (DRC) generated $89 million in revenue in 2024, according to the latest statistics from the Ministry of Mines. The total exports amounted to 9,240,714.14 carats during the year. An analysis of the Ministry’s 2024 annual report reveals a growth of 11.26% in diamond exports compared to 2023, when exports totaled 8,305,796 carats. The report indicates that artisanal mining dominated diamond production in the DRC, with over 6,353,613.89 carats produced, yielding $56.2 million in revenue. Among the key artisanal diamond counters, MALABAR led… Read More Here
DRC Gold Exports Reach $1.5 Billion in 2024 Despite Decline in Artisanal Mining 25 Gold Artisanal mining Economy Mining in DRC 

DRC Gold Exports Reach $1.5 Billion in 2024 Despite Decline in Artisanal Mining

Constance
The Democratic Republic of Congo (DRC) exported a total of 27.9 tonnes of gold in 2024, generating approximately $1.5 billion in revenue, according to the annual report from the Technical Unit for Coordination and Mining Planning of the Ministry of Mines. Kibali Gold was the leading contributor, accounting for more than 26 tonnes of gold worth over $1.3 billion. In contrast, MCCR exported only 102.92 kg, generating an estimated $7.6 million in revenue, while Kimia Mining exported 5.72 kg, yielding $496,589. Kibali Gold remains the dominant force in the DRC’s… Read More Here
Five Diamond Diggers Killed in Land Collapse in Tshikapa DRC 26 Mining in DRC Diamond Mining safety 

Five Diamond Diggers Killed in Land Collapse in Tshikapa DRC

Constance
Five diamond diggers tragically lost their lives on Saturday, March 22, following a land collapse in the Kanfuma mining area, located in the diamond-rich territory of Tshikapa, in the Kasai province of the Democratic Republic of Congo (DRC). The incident occurred after heavy rains on the night of Friday, March 21, which weakened the walls of a diamond pit. The collapse resulted in the deaths of the five diggers working at the site. Their bodies were recovered and prepared for burial, according to Kangola Mike, a manager of the Kanfuma… Read More Here
DRC Extends Cobalt Export Ban to Boost Market Control and Local Processing 27 Mining in DRC Battery Metals Cobalt Economy 

DRC Extends Cobalt Export Ban to Boost Market Control and Local Processing

Constance
President Félix-Antoine Tshisekedi has reaffirmed the Democratic Republic of Congo’s (DRC) commitment to maintaining the suspension of cobalt exports, as per the timetable set by the Strategic Mineral Substances Market Regulatory and Control Authority (ARECOMS) since February 22, 2025. The decision was confirmed during the 36th Council of Ministers meeting on March 21. “To safeguard the state’s strategic interests and enhance the sector’s economic attractiveness, the President has directed that the suspension of exports remain in place in accordance with ARECOMS’ decisions,” the government reported. Tshisekedi highlighted the suspension’s success,… Read More Here
Glencore Halts Copper Shipments from Chile’s Altonorte Smelter Amid Furnace Issues 28 International Corporate News 

Glencore Halts Copper Shipments from Chile’s Altonorte Smelter Amid Furnace Issues

Constance
Glencore Plc has suspended shipments from its Altonorte copper smelter in Chile due to a furnace malfunction, disrupting operations as traders and producers rush to supply more metal to the U.S. ahead of potential tariffs. The company has temporarily halted production and invoked force majeure clauses in its commercial contracts, sources familiar with the matter revealed. Force majeure provisions allow suppliers to suspend deliveries due to unforeseen circumstances beyond their control. This setback adds to a series of recent disruptions at smelters and refineries in Asia, further tightening global copper… Read More Here
First Quantum Opens Cobre Panama to Public in Bid for Restart Support 29 International Copper Corporate News 

First Quantum Opens Cobre Panama to Public in Bid for Restart Support

Constance
First Quantum Minerals (TSX: FM) officially opened Cobre Panama to visitors on Monday as part of its efforts to regain public support for restarting the $10 billion copper mine, which has remained shut for over a year. In a press release, Cobre Panama announced the launch of its Mine Visit program, granting the public access to one of Latin America’s most advanced copper mining operations. Guided by Panamanian engineers and miners, visitors can tour key facilities, including the Botija pit, the 300 MW power plant, the international port, and the… Read More Here

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