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BHP Launches $10.8 Billion Investment to Sustain Copper Output in Chile 1 International Copper Corporate News 

BHP Launches $10.8 Billion Investment to Sustain Copper Output in Chile

Constance
BHP Group is set to begin a $10.8 billion investment program in Chile, starting with the modernization of an aging copper plant at its Escondida mine. The move comes as the world’s largest mining company battles declining ore quality while striving to maintain production levels. During a site visit on Tuesday, Chilean Finance Minister Mario Marcel joined BHP officials, who confirmed that the $2 billion-plus upgrade of the Escondida concentrator would soon enter environmental approval processes. While BHP’s long-term investment plans in Chile have been known, Tuesday’s announcement marks the… Read More Here
FQM Ramps Up Efforts to Reopen $10 Billion Cobre Panama Mine 2 International Copper Corporate News 

FQM Ramps Up Efforts to Reopen $10 Billion Cobre Panama Mine

Constance
First Quantum Minerals and its workers and suppliers in Panama are intensifying efforts to restart operations at the $10 billion Cobre Panama copper mine, more than a year after its closure. The company has shifted from a low-profile approach to a more visible public relations campaign, including mass mine visits and public outreach events, according to Maru Galvez, Public Relations Manager for Cobre Panama. The strategy appears to be working, with a recent community survey showing 96% support for the government renegotiating the mine contract. Despite these efforts, First Quantum… Read More Here
Tertiary Minerals Appoints Dr. Richard Belcher as Managing Director 3 Mining in Zambia Corporate News Mining Personality 

Tertiary Minerals Appoints Dr. Richard Belcher as Managing Director

Constance
AIM-listed Tertiary Minerals has appointed Dr. Richard Belcher as its new Managing Director, effective March 7, following the company’s Annual General Meeting. Tertiary highlighted Belcher’s 22 years of geological experience, spanning early-stage exploration to resource definition across various commodities. His expertise is particularly strong in Africa, where he has worked extensively with junior exploration companies. Belcher previously served as VP of Exploration at ANS Exploration Corp, focusing on projects in Northeast Africa and Arabia. He also worked as a senior consulting geologist at Altus Strategies (now Elemental Altus Royalties Corp),… Read More Here
Congo’s Cobalt Export Ban Boosts Chinese Stocks Amid Supply Concerns 4 Mining in DRC Cobalt Economy 

Congo’s Cobalt Export Ban Boosts Chinese Stocks Amid Supply Concerns

Constance
Cobalt stocks surged in China on Tuesday following an unexpected export ban in the Democratic Republic of Congo (DRC), improving the short-term outlook for the key material used in alloys and batteries. Shares of Nanjing Hanrui Cobalt Co. soared by as much as 17% in Shenzhen, while Zhejiang Huayou Cobalt Co. gained 7.8%. In contrast, CMOC Group Ltd., which has been expanding operations at its two massive mines in the DRC, slipped 2% in Hong Kong. The DRC, the world’s leading cobalt producer, announced a four-month suspension of cobalt exports… Read More Here
China Imposes Key Mineral Export Ban on the U.S. Amid Escalating Trade Tensions 5 International 

China Imposes Key Mineral Export Ban on the U.S. Amid Escalating Trade Tensions

Constance
In a significant escalation of trade tensions, China has imposed a ban on exports of several critical minerals to the United States, including gallium, germanium, and antimony. These materials are essential for the production of semiconductors, infrared technology, and weapons. The ban follows Washington’s recent tightening of restrictions on Beijing’s access to advanced technology. The Chinese Ministry of Commerce defended the ban, citing national security concerns and the need to regulate dual-use materials, which can be used for both civilian and military purposes. As the dominant global producer, China supplies… Read More Here
DRC Prime Minister Advocates for Sanctions Against Rwanda at UN Human Rights Council 6 Mining in DRC Governance 

DRC Prime Minister Advocates for Sanctions Against Rwanda at UN Human Rights Council

Constance
On Monday, February 24, 2025, Prime Minister and Head of Government, Judith Suminwa Tuluka, addressed the High-Level Segment of the 58th session of the Human Rights Council (HRC) in Geneva, Switzerland. Representing President Félix Antoine Tshisekedi Tshilombo, Prime Minister Suminwa led a Congolese delegation that included the Minister of Human Rights, Chantal Chambu Mwavita, the Minister of Communication and Media, Patrick Muyaya Katembwe, and the Vice-Minister of Foreign Affairs, Grâce Yamba Kazadi. During her speech, Prime Minister Suminwa expressed gratitude for the swift processing of the DRC Government’s request last… Read More Here
Three New Congolese Companies Sign Subcontracting Contracts under the Sino-Congolese Program 7 Mining in DRC Corporate News 

Three New Congolese Companies Sign Subcontracting Contracts under the Sino-Congolese Program

Constance
Three Congolese companies have secured subcontracting agreements under the Sino-Congolese Program, signing works contracts in Kinshasa on Wednesday, February 19, 2025, according to a press release from the Congolese Agency for Major Works (ACGT). As part of the Sino-Congolese Program, the three companies obtained subcontracting positions with the Sino-Congolese Infrastructure Company (Sisc SA). The contracts cover several key construction projects, including the University of Mbandaka, Kananga stadium, and Tshikapa airport rehabilitation. These projects will now be carried out by Congolese companies, thanks to subcontracting arrangements initiated in March 2024 following… Read More Here
Rwanda’s Illicit Exploitation of Congolese Minerals Funded by DRC's Gold 8 Mining in DRC 

Rwanda’s Illicit Exploitation of Congolese Minerals Funded by DRC’s Gold

Constance
In a recent address to the Congolese diaspora in Switzerland, Minister of Communication and Media, Patrick Muyaya Katembwe, exposed how Rwanda’s budget is largely funded through the illegal exploitation of Congolese natural resources, particularly gold. Muyaya shared details from a briefing with the Minister of Mines, who highlighted how Rwanda has been plundering Congolese resources for the past three decades. “Today, half of Rwanda’s budget is financed by the illicit exploitation of our gold,” he stated. The government spokesman further emphasized that President Félix Tshisekedi’s assertion that the ongoing conflict… Read More Here
Justicia ASBL Exposes Mafia-Led Illegal Mining in DRC and Collusion with Republican Guard 9 Mining in DRC Artisanal mining 

Justicia ASBL Exposes Mafia-Led Illegal Mining in DRC and Collusion with Republican Guard

Constance
The Justicia ASBL, an organization dedicated to human rights, humanitarian law, and development, has condemned the illegal invasion of mining concessions and the plundering of Congolese minerals by organized mafia networks involving Lebanese and Chinese expatriates, allegedly operating in collusion with elements of the Republican Guard (GR) in Haut-Katanga and Lualaba provinces. Justicia ASBL specifically highlights the Menda mining site, owned by Boss Mining, a subsidiary of the ERG Group, which complies with Congolese mining tax regulations yet remains a victim of illegal mining operations. The organization reports that Republican… Read More Here
DRC Suspends Cobalt Exports for Four Months to Stabilize Market 10 Mining in DRC Cobalt Economy 

DRC Suspends Cobalt Exports for Four Months to Stabilize Market

Constance
The Democratic Republic of Congo (DRC) has announced a four-month suspension of cobalt exports to address an oversupply that has driven down global prices. The measure, which took effect on February 22, aims to align exports with global demand and stabilize the market. As the world’s leading cobalt producer, supplying about 75% of global output, the DRC has seen production surge in recent years, particularly due to increased output from major mining operations. However, this rapid growth has led to an imbalance between supply and demand, causing cobalt prices to… Read More Here

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