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Trafigura Secures Copper Anodes in $200M Prepayment Deal with Ivanhoe Mines 1 Mining in DRC Copper Corporate News 

Trafigura Secures Copper Anodes in $200M Prepayment Deal with Ivanhoe Mines

Constance
Trafigura Pays $200M for Congo Copper in Ivanhoe Smelter Deal Amid Tightening Global Supplyy Trafigura Group has agreed to pay $200 million in a prepayment deal to secure copper anodes from Ivanhoe Mines’ new smelter in the Democratic Republic of Congo (DRC), which is expected to begin operations in September. The agreement, finalized in June, was announced by Ivanhoe in a statement on Tuesday. The deal highlights the growing trend of global commodity trading firms — including Mercuria and Vitol — offering upfront financing to lock in future supplies of… Read More Here
Liberia Signs $1.8 Billion Deal with Ivanhoe Atlantic to Revamp Railway for Guinea Iron Ore Exports 2 Transport and Logistics Corporate News International 

Liberia Signs $1.8 Billion Deal with Ivanhoe Atlantic to Revamp Railway for Guinea Iron Ore Exports

Constance
Liberia, Ivanhoe Atlantic Ink $1.8B Railway Deal to Export Guinea Iron Ore via Revamped Corridor The Government of Liberia has signed a $1.8 billion infrastructure agreement with U.S.-based Ivanhoe Atlantic Inc., enabling the mining company to rehabilitate and utilize Liberia’s railway network for transporting iron ore from neighboring Guinea to export markets. The U.S. Embassy in Liberia described the deal as “a crucial step” in advancing President Joseph Boakai’s agenda to implement a multi-user rail policy and attract foreign direct investment. “This agreement supports President Boakai’s vision of opening Liberia’s… Read More Here
Zimbabwe’s Gold Boom Undermined by Currency Policy, Say Miners 3 Gold Economy International 

Zimbabwe’s Gold Boom Undermined by Currency Policy, Say Miners

Constance
Zimbabwe’s Gold Output Soars 43%, But Currency Rules Slash Miner Earnings Soaring gold prices are driving a surge in Zimbabwe’s gold production and export revenues, but restrictive foreign currency retention policies are significantly eroding mining companies’ earnings, the country’s mining industry association warns. Gold prices have jumped by over $800 an ounce since the start of the year, peaking at $3,500 an ounce in April before easing slightly to around $3,300 an ounce. The rally has been fueled by strong central bank demand, geopolitical tensions, and uncertainty in global markets.… Read More Here
Jubilee Metals Appoints Shard Capital as Joint Broker Amid Strategic Pivot to Zambia 4 Mining in Zambia Corporate News 

Jubilee Metals Appoints Shard Capital as Joint Broker Amid Strategic Pivot to Zambia

Constance
Jubilee Metals Names Shard Capital as Joint Broker, Advances $90M Asset Sale in South Africa Diversified metals producer Jubilee Metals Group has appointed Shard Capital Partners as its joint broker with immediate effect, replacing RBC Capital Markets. Shard Capital will now work alongside Zeus Capital to support Jubilee’s capital markets activities and investor relations. The appointment marks a renewed collaboration, as the two companies have maintained a longstanding relationship. The change in brokerage support comes as Jubilee sharpens its strategic focus on Zambia, shifting away from its South African chrome… Read More Here
CEC to Add Over 800 MW of Solar Power to Zambia’s Grid by 2027 Amid Hydropower Shortfalls 5 Mining in Zambia Corporate News Energy 

CEC to Add Over 800 MW of Solar Power to Zambia’s Grid by 2027 Amid Hydropower Shortfalls

Constance
Zambia’s CEC Targets 800+ MW Solar Expansion by 2027 to Offset Hydropower Deficit Zambia’s Copperbelt Energy Corporation (CEC) plans to add more than 800 MW of solar energy to the national grid by the end of 2027, significantly expanding the country’s renewable energy portfolio. This initiative supports Zambia’s national goal to diversify its energy mix and address hydropower shortfalls caused by climate change. Historically, Zambia has relied heavily on hydropower, particularly from the Kariba Dam. Under normal conditions, the country’s share of generation from the dam is around 3 GW,… Read More Here
Oscillate Secures Exclusive Agreement to Acquire High-Potential Copper-Silver Licences in Botswana 6 Mergers & Acquisitions Copper International New Mining Projects 

Oscillate Secures Exclusive Agreement to Acquire High-Potential Copper-Silver Licences in Botswana

Constance
Oscillate to Acquire 17 Copper-Silver Licences in Botswana’s Kalahari Copper Belt Under Deal With Kalahari Copper Copper and base metals developer Oscillate has signed a nonbinding heads of terms agreement with Kalahari Copper to acquire a subsidiary that holds a portfolio of copper and silver exploration licences in Botswana. The proposed acquisition involves 17 tenements, known as the Dalsu prospects, located within the highly prospective Kalahari Copper Belt and the Bushman Lineament—regions recognized for their potential in hosting sedimentary copper deposits. The transaction, which will be executed via a share… Read More Here
Barrick CEO Reaffirms Long-Term Copper Optimism Despite U.S. Tariff Shock 7 Mining in Zambia Copper Corporate News Economy 

Barrick CEO Reaffirms Long-Term Copper Optimism Despite U.S. Tariff Shock

Constance
Barrick CEO Says Copper Demand Will Outpace Supply Despite U.S. Tariff Volatility Copper miners remain confident in the metal’s long-term prospects, despite the short-term price turbulence caused by the United States’ newly announced 50% tariff on imported copper, according to Barrick Gold CEO Mark Bristow. Speaking in Lusaka, Zambia—where Barrick is significantly expanding its copper operations—Bristow emphasized that the underlying fundamentals for copper remain strong, even as geopolitical decisions create short-term uncertainty. On Wednesday, U.S. President Donald Trump announced a new 50% tariff on copper imports, effective August 1, citing… Read More Here
FQM’s Stake in Prospect Resources set to Extend Sentinel Mine and Drive Zambia’s Copper Growth 8 Mining in Zambia Copper Corporate News 

FQM’s Stake in Prospect Resources set to Extend Sentinel Mine and Drive Zambia’s Copper Growth

Constance
FQM Targets Sentinel Mine Life Extension Through Strategic Investment in Mumbezhi Copper Project First Quantum Minerals’ (FQM) recent strategic investment in Prospect Resources could significantly extend the life of its flagship Sentinel copper mine in Zambia, according to FQM Country Director Anthony Mukutuma. In April, the Canada-based mining giant acquired a 15% stake in Prospect Resources, becoming the largest shareholder in the Australia-listed exploration company. This move marks a key step in strengthening FQM’s copper resource base in Zambia. READ ALSO:FQM Invests in Prospect Resources to Advance Mumbezhi Copper Project… Read More Here
Barrick’s $2B Lumwana Expansion to Double Copper Output and Drive Sustainable Growth in Zambia 9 Mining in Zambia Copper Corporate News 

Barrick’s $2B Lumwana Expansion to Double Copper Output and Drive Sustainable Growth in Zambia

Constance
Barrick’s $2 Billion Lumwana Mine Expansion Set to Double Copper Output and Boost Zambia’s Economy Construction of the $2-billion expansion at Barrick Gold Corporation’s Lumwana copper mine in Zambia is well underway, marking a pivotal step in its transformation into a world-class Tier 1 copper operation. The project is being spearheaded by the NYSE- and TSX-listed mining giant and is set to significantly increase output and economic impact. During a recent visit to Lusaka, Barrick president and CEO Mark Bristow highlighted how the expansion builds on a remarkable turnaround that… Read More Here
Barrick and Komatsu Seal $440M Deal to Power Reko Diq with Electric Mining Equipment 10 International Equipment & Technology 

Barrick and Komatsu Seal $440M Deal to Power Reko Diq with Electric Mining Equipment

Constance
Barrick Partners with Komatsu in $440M Deal to Electrify Reko Diq Copper-Gold Mine in Pakistan Barrick Mining Corporation has finalized a landmark $440 million agreement with Japanese construction giant Komatsu to supply electric and hybrid mining equipment for the Reko Diq copper-gold project in Pakistan. This deal represents a major step in decarbonizing one of the world’s most anticipated greenfield mining operations. The agreement includes a full suite of advanced mining machinery—ultra-class electric haul trucks, electric rope shovels, hydraulic mining excavators, and electric wheel loaders—designed to cut carbon emissions and… Read More Here

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