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DRC Prioritizes Cobalt Governance and Value Addition in Talks with IMF 22 Mining in DRC Battery Metals Cobalt 

DRC Prioritizes Cobalt Governance and Value Addition in Talks with IMF

Constance
The Democratic Republic of Congo (DRC) is intensifying efforts to assert greater control over its cobalt sector—one of the world’s most strategic mineral resources—following a high-level meeting held on May 8, 2025, between the Minister of Mines, Kizito Pakabomba Kapinga Mulume, and a delegation from the International Monetary Fund (IMF) led by Calixte Ahokpossi. The meeting was part of the IMF’s first review of the DRC’s Economic Program, backed by the Extended Credit Facility (ECF). Key representatives from ARECOMS and the Technical and Coordination Unit of Mining Projects (CTCPM) also… Read More Here
ZCCM IH Reports Record 2024 Profit Driven by Mopani Equity Deal 23 Mining in Zambia Copper 

ZCCM IH Reports Record 2024 Profit Driven by Mopani Equity Deal

Constance
ZCCM-Investment Holdings (ZCCM-IH) has reported a record profit of K42.30 billion (US$1.62 billion) for 2024 — a dramatic turnaround from the previous year’s loss of K4.08 billion (US$199 million). In a statement, ZCCM-IH Company Secretary Charles Mjumphi credited the remarkable performance to the successful implementation of the Mopani Strategic Equity Partner (SEP) transaction. “This substantial increase in earnings is primarily attributed to the successful implementation of the Mopani SEP transaction,” Mjumphi stated. The transaction repositioned Mopani Copper Mines Plc as a financially viable operation and facilitated the settlement of K44.72… Read More Here
Vedanta Seeks $1 Billion to Boost Copper Output at Zambia’s KCM 24 Mining in Zambia Copper Corporate News Economy 

Vedanta Seeks $1 Billion to Boost Copper Output at Zambia’s KCM

Constance
Vedanta Resources Ltd.’s Zambian copper mining unit has appointed Rand Merchant Bank (RMB) to help raise up to $1 billion in debt financing to support the expansion of its operations at Konkola Copper Mines (KCM). The move comes ten months after Vedanta — owned by Indian billionaire Anil Agarwal — regained control of an 80% stake in KCM following a lengthy dispute with the Zambian government. As part of the settlement, Vedanta committed to invest $1 billion in revitalizing the mining complex. Since then, the company has injected $330 million,… Read More Here
Barrick Gold Changes Name to Barrick Mining Corporation and Updates NYSE Ticker to B 25 Gold Corporate News International 

Barrick Gold Changes Name to Barrick Mining Corporation and Updates NYSE Ticker to B

Constance
NYSE- and TSX-listed Barrick Gold Corporation has officially changed its name to Barrick Mining Corporation (or Société minière Barrick in French) following shareholder approval at its annual and special meeting held on May 6. The company’s common shares will begin trading under the new name on both exchanges effective May 9. On the New York Stock Exchange (NYSE), the ticker symbol will change from GOLD to B starting that day. On the Toronto Stock Exchange (TSX), shares will continue to trade under the ABX symbol. In addition to the name… Read More Here
Barrick’s $10-Billion Reko Diq Project Gathers Momentum Ahead of 2028 Production Target 26 International Corporate News Gold New Mining Projects 

Barrick’s $10-Billion Reko Diq Project Gathers Momentum Ahead of 2028 Production Target

Constance
Barrick Mining CEO Mark Bristow says momentum is building at the company’s Reko Diq copper-gold project in Pakistan, with construction progressing steadily, exploration yielding promising results, and production slated to begin by the end of 2028. “This is a world-class copper-gold project that will generate immense value—not just for Barrick, but also for our partners in Pakistan, especially in Balochistan,” Bristow said on Wednesday. “It’s one of the largest undeveloped porphyry copper-gold systems globally, and its potential is not yet reflected in our share price.” The project will be developed… Read More Here
Kagem Resumes Targeted Mining to Boost Premium Emerald Recovery 27 Mining in Zambia Emeralds 

Kagem Resumes Targeted Mining to Boost Premium Emerald Recovery

Constance
Kagem Mining Limited, Zambia’s leading emerald producer, is set to resume focused open-pit mining operations to boost the recovery of premium-quality emeralds, Gemfields Group Limited announced yesterday. Located in Lufwanyama District, the Kagem mine is 75% owned by UK-based Gemfields and 25% by the Zambian government through the Industrial Development Corporation (IDC). Mining activities had been suspended since January 1, 2025, as part of a strategic cost-saving initiative. During the pause, operations shifted to processing existing ore stockpiles using an upgraded plant. Although emerald production continued steadily in terms of… Read More Here
Barrick Faces Prolonged Mali Dispute as Gold Seizure and Employee Arrests Weigh on Operations 28 International Corporate News Gold 

Barrick Faces Prolonged Mali Dispute as Gold Seizure and Employee Arrests Weigh on Operations

Constance
Barrick Mining is spending $15 million a month to maintain its Mali operations amid an ongoing dispute with the country’s government over taxes and a controversial gold seizure, CEO Mark Bristow said on Wednesday. In an interview, Bristow revealed that the Malian government has reneged on three separate agreements to resolve a tax disagreement and criticized the detention of four Barrick employees as a violation of human rights. “You have four executives from a Western company incarcerated—this can only be described as human rights abuse,” Bristow said. “These individuals have… Read More Here
Ivanhoe Reaches Flatreef’s Rich Multimetal Orebody After 30-Year Quest 29 Mining in DRC Copper Gold New Mining Projects Nickel 

Ivanhoe Reaches Flatreef’s Rich Multimetal Orebody After 30-Year Quest

Constance
Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Executive Co-Chairman Robert Friedland and President and Chief Executive Officer Marna Cloete announced that mining crews have driven underground development into the high-grade platinum, palladium, rhodium, nickel, gold, and copper orebody for the first time, as the mine rapidly advances to commercial production later this year. The significant milestone comes over 30 years since Ivanplats, the company’s subsidiary, acquired the first exploration licence and 15 years since the discovery of the 26-metre thick, flat-lying Flatreef orebody was announced. Today’s milestone also comes nine years… Read More Here
Metso Wins Order for Energy-Efficient Equipment at Nyanzaga Gold Project in Tanzania 30 Corporate News International New Mining Projects Press Release 

Metso Wins Order for Energy-Efficient Equipment at Nyanzaga Gold Project in Tanzania

Constance
Perseus Mining Limited’s 80% owned subsidiary Sotta Mining Corporation Ltd. has awarded Metso an order for a SuperiorTM MKIII 4265 primary gyratory and two Metso Plus PremierTM grinding mills with a total installed power of 21MW. The equipment will be installed at Sotta Mining’s Nyanzaga gold project in northwest Tanzania. The order value exceeds EUR 20 million and it has been booked in the Minerals segment’s 2025 first-quarter orders received. Matt Cavedon, General Manager, Project Development at Perseus, noted: “Perseus is looking forward to the successful deployment of Metso’s state-of-the-art… Read More Here
Soventix Joins Solar-Storage Project to Power DRC’s Kamoa-Kakula Copper Mine 31 Mining in DRC Corporate News Energy 

Soventix Joins Solar-Storage Project to Power DRC’s Kamoa-Kakula Copper Mine

Constance
German solar energy company Soventix GmbH will play a key role in the development of a large-scale solar and battery storage project to power the Kamoa-Kakula copper complex in the Democratic Republic of Congo (DRC). The company announced its participation on April 30, 2025. Soventix will be responsible for planning, project management, and supplying key components. The project is being led by CrossBoundary Energy, a developer specializing in renewable energy solutions for commercial and industrial clients, which will operate the facility. Earlier in April, Kamoa Copper—the owner of the Kamoa-Kakula… Read More Here

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