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Barrick Gold Committed to Resolving Mali Dispute Amid Operational Suspension 1 International Corporate News Gold 

Barrick Gold Committed to Resolving Mali Dispute Amid Operational Suspension

Constance
Barrick Gold remains “fully engaged and committed to reaching a mutually beneficial resolution” with the Malian government to settle an ongoing dispute over its mining assets, according to a memo from Sebastiaan Bock, the company’s chief operating officer for Africa and the Middle East, seen by Reuters on Saturday. The dispute, which began in 2023, centers on Mali’s new mining code, which grants the state a larger stake in Barrick’s Loulo-Gounkoto gold mining complex. Tensions escalated when the government seized approximately three metric tons of gold from Barrick’s operations and… Read More Here
China’s Refined Copper Imports Surge as Congo Supply Booms 2 Copper Mining in DRC 

China’s Refined Copper Imports Surge as Congo Supply Booms

Constance
China is set to increase its imports of off-exchange refined copper this year, driven by soaring production in the Democratic Republic of Congo (DRC) and concerns over potential supply disruptions from U.S. scrap restrictions, according to analysts and traders. The surge highlights China’s growing dependence on Congolese refined copper, which now accounts for a significant share of its imports. The DRC, bolstered by years of Chinese investment in mining, has become the world’s second-largest copper producer. Much of its exports to China consist of equivalent grade (EQ) copper—metal that meets… Read More Here
Explorations Manager Career International Copper Exploration New Mining Projects 

BHP to Invest A$40 Million in Botswana Copper Exploration with Cobre

Constance
Mining giant BHP has committed up to A$40 million to explore potential Tier 1 copper-silver deposits in Botswana through a partnership with Australia-listed Cobre. Announced on Monday, the agreement provides funding to advance Cobre’s Kitlanya East and Kitlanya West copper projects, located along the northern and southern basin margins of the Kalahari Copper Belt. Under the earn-in agreement, BHP will invest up to $25 million (approximately A$40 million) in exploration expenditure to acquire a 75% stake in the Kitlanya projects. An initial $5 million will be invested within the first… Read More Here
Botswana Diamonds Expands Exploration with 11 New Prospecting Licences 3 International Exploration New Mining Projects 

Botswana Diamonds Expands Exploration with 11 New Prospecting Licences

Constance
AIM-listed Botswana Diamonds has applied for 11 prospecting licences in Botswana, targeting copper, silver, cobalt, gold, nickel, zinc, and platinum group metals. This move follows the company’s AI-driven exploration programme, which initially focused on diamonds but uncovered hidden polymetallic deposits across the country. The nationwide AI exploration initiative began with a focus on diamonds. However, during data analysis, it became evident that the technology could also identify undiscovered polymetallic targets. “Our analysis has revealed a series of promising targets in copper, cobalt, zinc, and gold,” said chairperson John Teeling. “We… Read More Here
DRC’s Copper Exports Hit Record 3.1 Million Tonnes in 2024 4 Mining in DRC Copper Economy 

DRC’s Copper Exports Hit Record 3.1 Million Tonnes in 2024

Constance
For the first time in its mining history, the Democratic Republic of Congo (DRC) exported a record 3.1 million tonnes of copper in 2024, according to a March 6 report from the Congolese Ministry of Mines. This represents a 13% increase from 2023, driven by strong performances from the country’s largest copper mines. Key Contributors to Growth Copper exports from the DRC could grow further in 2025, supported by a 3.7% increase in global demand, as forecasted by Commodity Insights. Additionally, the CRU Group estimates that the DRC’s copper output… Read More Here
DRC’s Anti-Corruption Platform to Review Sicomines Amendment at High-Level Forum 5 Mining in DRC Corporate News 

DRC’s Anti-Corruption Platform to Review Sicomines Amendment at High-Level Forum

Constance
The anti-corruption platform “Congo is Not for Sale” (CNPAV) is set to host a high-level forum on March 14, 2025, at the Cercle de Kinshasa in Gombe. The event will evaluate the implementation of Amendment 5 to the Sicomines Convention, signed one year ago between the Democratic Republic of Congo (DRC) and its Chinese partners. In 2008, the DRC signed a “Minerals for Infrastructure” deal with a consortium of Chinese companies, establishing the Sicomines project. While initially presented as a mutually beneficial partnership, the agreement has faced widespread criticism, particularly… Read More Here
Barrick International Gold 

UK Court Orders Barrick Gold to Pay $2 Million to Ian Hannam’s Firm

Constance
LONDON – Canada’s Barrick Gold has been ordered to pay $2 million plus expenses to British dealmaker Ian Hannam’s firm, Hannam & Partners, for its role in the 2018 acquisition of gold miner Randgold Resources, London’s High Court ruled on Wednesday. Hannam, a former top banker at JPMorgan, earned the nickname “king of mining” for brokering major resource sector deals, including the 2001 merger that created BHP Billiton and the 2012 Glencore-Xstrata merger. Hannam & Partners sued Barrick over an alleged agreement made before the Randgold acquisition, claiming it was… Read More Here
Franco-Nevada’s Arbitration with Panama Advances as Hopes Rise for Cobre Panama Restart 6 International Copper 

Franco-Nevada’s Arbitration with Panama Advances as Hopes Rise for Cobre Panama Restart

Constance
Arbitration between Franco-Nevada (TSX, NYSE: FNV) and Panama over the fate of the $10 billion Cobre Panama copper mine is progressing, with a tribunal set to hear the case in October 2026. The dispute follows the 2023 closure of the mine, which forced Franco-Nevada to take a $1 billion impairment charge. Franco-Nevada had a gold-copper streaming agreement with First Quantum Minerals (TSX: FM), the mine’s owner and operator. The legal uncertainty hasn’t deterred investor optimism, with Franco-Nevada’s stock reaching a 52-week high of C$212 per share and its market capitalization… Read More Here
Barrick Gold Seeks Resolution in Mali Mining Dispute 7 Gold Corporate News International 

Barrick Gold Seeks Resolution in Mali Mining Dispute

Constance
Barrick Gold remains fully engaged in negotiations with the Malian government to resolve their ongoing dispute over the Loulo-Gounkoto gold mining complex, according to a company memo seen by Reuters on Saturday. The conflict stems from Mali’s new mining code, which grants the state a larger stake in mining operations. Since 2023, Barrick and the government have struggled to agree on its implementation. Tensions escalated on January 13, when Barrick temporarily halted mining operations after the government seized three metric tons of gold stock and blocked exports since November 2023.… Read More Here
Freeport-McMoRan Pushes for Copper’s Critical Mineral Status Amid U.S. Policy Shifts 8 International Copper 

Freeport-McMoRan Pushes for Copper’s Critical Mineral Status Amid U.S. Policy Shifts

Constance
Freeport-McMoRan is urging U.S. President Donald Trump to designate copper as a critical mineral, a move that would unlock substantial tax credits under the Inflation Reduction Act and bolster domestic production, CEO Kathleen Quirk said Monday. Trump recently told Congress he would take “historic action to dramatically expand production of critical minerals,” though details remain unclear. Copper plays a crucial role in power generation, electronics, and construction, yet it is absent from the U.S. Geological Survey’s critical minerals list, which currently includes lithium, nickel, and 48 other minerals. If classified… Read More Here

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