Breaking News
Ivanhoe Mines Issues 2024 Fourth Quarter and Annual Financial Results 1 Mining in DRC Cobalt Copper Corporate News 

Ivanhoe Mines Issues 2024 Fourth Quarter and Annual Financial Results

Constance
 Ivanhoe Mines’ (TSX: IVN) (OTCQX: IVPAF) President Marna Cloete and Chief Financial Officer David van Heerden presented the company’s financial results for the fourth quarter and year ended December 31, 2024, and provide an operations and project development update. Ivanhoe Mines is a leading Canadian mining company developing and operating its four principal mining and exploration projects in Southern Africa: expanding production at the world-class Kamoa-Kakula Copper Complex in the Democratic Republic of the Congo (DRC); ramping up the ultra-high-grade Kipushi zinc-copper-lead-germanium mine in the DRC; building the tier-one Platreef… Read More Here
GoviEx Advances Muntanga Uranium Project Financing in Zambia 2 Mining in Zambia New Mining Projects Uranium 

GoviEx Advances Muntanga Uranium Project Financing in Zambia

Constance
TSX-listed GoviEx Uranium has appointed Endeavour Financial as its financial adviser, marking the first step in securing project financing for its Muntanga uranium project in Zambia. Muntanga is a near-term uranium project with well-established export routes to both Western and Eastern markets. It has a net present value (NPV) of $243 million, an internal rate of return (IRR) of 20.8%, and a rapid payback period of 3.8 years. The project is highly leveraged to uranium prices, with its NPV increasing by $45 million for every $5/lb rise in triuranium octoxide… Read More Here
Glencore Considers Primary Listing Move from London to New York or Other Exchanges 3 International Corporate News 

Glencore Considers Primary Listing Move from London to New York or Other Exchanges

Constance
Glencore (LON: GLEN), the global mining and commodity trading giant, is evaluating the possibility of relocating its primary stock listing from London to a different exchange, possibly New York, in search of a more favorable valuation. The move could deal a significant blow to the London Stock Exchange. Chief Executive Gary Nagle confirmed the company, which has been listed in London since 2011, is assessing whether another exchange might be more suitable for its securities. Nagle emphasized the importance of securing “the right and optimal valuation,” stating, “We want to… Read More Here
Barrick Files Technical Reports for Lumwana Expansion and Reko Diq Projects 4 Mining in Zambia Copper New Mining Projects 

Barrick Files Technical Reports for Lumwana Expansion and Reko Diq Projects

Constance
Barrick Gold Corp has filed technical reports for its Reko Diq and Lumwana Expansion projects in Pakistan and Zambia, respectively, outlining significant development and production growth plans. Barrick, which owns a 50% stake in Reko Diq and operates it through the Reko Diq Mining Company (RDMC), has completed a feasibility study detailing a phased development approach: The project includes two open-pit mines—Western Porphyries (main pit) and Tanjeel (satellite pit)—along with a processing plant and associated infrastructure. It will produce copper concentrate containing gold, which will be processed by third-party smelters.… Read More Here
Norinco Revises Bid for Chemaf’s Congo Mines, Offering Bigger State Stake 5 Mining in DRC Cobalt Copper 

Norinco Revises Bid for Chemaf’s Congo Mines, Offering Bigger State Stake

Constance
China North Industries Corp (Norinco) has revised its $1.4 billion bid to acquire copper and cobalt assets from Chemaf SA by offering the Democratic Republic of the Congo (DRC) a larger stake to ease government concerns, sources familiar with the matter told Reuters. Norinco’s offer, initially submitted in June 2023, stalled after Congo’s state miner, Gécamines, made its own unsolicited bid for the assets. The situation has been further complicated by U.S. efforts to curb China’s dominance in the mineral-rich Copperbelt. To push the deal forward, Norinco has proposed increasing… Read More Here
Ghana Faces Billion-Dollar Challenge to Reclaim Land Devastated by Illegal Mining 6 International Artisanal mining 

Ghana Faces Billion-Dollar Challenge to Reclaim Land Devastated by Illegal Mining

Constance
Ghana requires billions of dollars to restore vast stretches of degraded land and polluted water bodies caused by years of illegal mining. Professor Nana Browne Klutse, Acting CEO of the Environmental Protection Authority (EPA), described the situation as an emergency and urged development partners to support the country’s reclamation efforts. Speaking to the Ghana News Agency on Tuesday, Prof. Klutse revealed that a World Bank-funded pilot project had facilitated some land restoration. However, scaling up these efforts requires additional funding. “We have been approached by companies willing to assist with… Read More Here
U.S. Aid Freeze Puts Africa’s Critical Minerals Corridor at Risk 7 Transport and Logistics Angola Mining in DRC Mining in Zambia 

U.S. Aid Freeze Puts Africa’s Critical Minerals Corridor at Risk

Constance
A billion-dollar expansion of Africa’s most strategic U.S.-backed critical minerals project is now in limbo due to a foreign aid freeze under the Trump administration—creating an opening for China to expand its influence. At the center of the crisis is the Lobito Corridor railway project, a key infrastructure initiative designed to transport copper and cobalt from the Central African Copperbelt—home to some of the world’s richest deposits—to the Angolan coast for export to Western markets. The project was set to receive funding from the U.S. International Development Finance Corp. (DFC)… Read More Here
GreenIron to deploy ABB technology for greater circularity in metals and mining industries 8 Sponsored Content Technology & Innovation 

GreenIron to deploy ABB technology for greater circularity in metals and mining industries

Constance
ABB has been selected by GreenIron, an innovative Swedish company working in the mining and metals industries with its patented materials reduction technology, to provide automation and control system solutions for a first commercial facility in Sandviken, Sweden. GreenIron’s hydrogen-based reduction technology will be industrialized for fossil-free and energy-efficient production of metals, producing fossil-free sponge iron that can then be used in industries such as steelmaking. A single furnace is expected to reduce carbon emissions by around 56,000 tonnes per year compared to traditional coal-based methods, with the only residual… Read More Here
DGC Integrated Asset Management Solutions for Sustainable Industrial Excellence 9 Sponsored Content 

DGC Integrated Asset Management Solutions for Sustainable Industrial Excellence

Constance
For over a century, DGC has stood as a trusted partner in Africa’s industrial landscape, pioneering innovative solutions that drive efficiency, safety, and sustainability. As industries across mining, minerals processing, energy, and utilities face increasing pressure to optimize operations and reduce costs, the need for intelligent asset management has never been greater. In response to these evolving challenges, DGC Integrated Asset Management Solutions offers a transformative approach that enables organizations to shift from reactive maintenance to predictive and proactive strategies. By integrating cutting-edge digital technologies with decades of hands-on expertise,… Read More Here
Jubilee Metals Ramps Up High-Grade Copper Processing at Roan Facility 10 Mining in Zambia Copper New Mining Projects 

Jubilee Metals Ramps Up High-Grade Copper Processing at Roan Facility

Constance
Jubilee Metals Group (LON: JLP) has begun processing high-grade copper feed material at its Roan concentrator in Zambia, marking a key milestone in its operational strategy. The facility had previously relied on low-grade waste material for copper production. This development follows Jubilee’s recent agreement to secure an initial 200,000 tonnes of material with a copper content of approximately 1.6%—more than double the 0.7% grade of previously processed material at Roan. Payment for this high-grade material will be made through Jubilee’s Zambian operations, along with the issuance of $2.7 million worth… Read More Here

You have successfully subscribed to the newsletter

There was an error while trying to send your request. Please try again.

Copperbelt Katanga Mining will use the information you provide on this form to be in touch with you and to provide updates and marketing.