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KCM awards $498m copper recovery plant contract to China’s NERIN

2026-09-19

Konkola Copper Mines (KCM), a subsidiary of Vedanta, has awarded China's NERIN Engineering a substantial $498 million contract for the construction of a new copper recovery plant at its Chingola operations in Zambia. This strategic facility, designed to process existing mine tailings, is anticipated to boost KCM's copper output by 70,000 tonnes per annum, serving as a critical component of its ambitious strategy to reach 300,000 tpa by 2031, in alignment with Zambia's national production targets. The agreement, though awaiting final conditions, underscores KCM's diversified growth approach amid ongoing financing considerations.

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Recent Articles

Energy Secretary Secures Carolinas’ Grid Amidst Hot Weather Conditions

2026-09-20

The U.S. Department of Energy (DOE) issued an emergency order on September 18, 2026, authorizing Duke Energy Carolinas, LLC to dispatch specified and backup generation resources to avert blackouts in North and South Carolina amid hot weather conditions. This directive, effective through September 21, 2026, underscores growing concerns about grid stability and the adequacy of baseload power as intermittent renewable sources expand, directly impacting energy-intensive industries like mining. U.S. Secretary of Energy Chris Wright highlighted the vulnerability of the grid to "energy subtraction policies" and emphasized the administration's commitment to utilizing all available tools to ensure reliable electricity access for American families and businesses.

Syntax launches SAP-based maintenance budgeting tool for mining

2026-09-20

Syntax has introduced its new SAP-based maintenance cost budgeting solution, Syntax Maintenance Cost Budgeting, designed to transform how mining companies manage their operational expenditures. Developed in partnership with SAP, this tool integrates with SAP Cloud ERP to provide real-time visibility and predictive analytics for maintenance costs, moving away from traditional manual methods. The solution aims to enhance financial oversight, improve planning, and support more informed decision-making across the complex, multi-site operations characteristic of the global mining sector.

American Lithium starts operations at Falchani pilot plant in Peru

2026-09-19

American Lithium Corp. has successfully initiated operations at its Falchani Lithium Project pilot plant in Lima, Peru, marking a significant step forward for the volcanic-hosted lithium deposit. The facility, which is currently processing mineralisation, has already demonstrated an impressive average lithium recovery rate of 88.7% in semi-continuous tests, exceeding the 80% target established in the company's February 2024 preliminary economic assessment. This development underscores the project's potential to become a key supplier of battery-grade lithium carbonate, leveraging a comparatively simple processing flowsheet due to the ore's low impurity profile.

Empress Royalty signs $62m Tongon gold stream deal

2026-09-19

Empress Royalty, through its subsidiary Empress Holdings, has executed a significant gold stream purchase agreement for an interest in the Tongon Gold Mine in Côte d’Ivoire, involving an upfront cash payment of $62 million. This strategic acquisition is set to substantially boost Empress Royalty's gold ounces, revenue, and cash flow, leveraging a robust credit facility to secure a stake in a proven producer with over 3 million ounces of historical output. The complex, multi-tiered streaming deal, announced on September 18, 2026, positions Empress for long-term growth and enhanced value creation within the global mining investment landscape.

Energy Secretary Secures Mid-Atlantic Grid Due to Anticipated Stressed System Conditions

2026-09-18

The U.S. Department of Energy issued an emergency order on September 17, 2026, directing PJM Interconnection to stabilize the Mid-Atlantic power grid and prevent blackouts amidst forecasted hot weather and planned transmission outages. This temporary measure, in effect through September 18, 2026, highlights growing concerns over grid reliability, particularly the impact of intermittent renewable energy sources and the premature retirement of reliable power generation, posing significant operational and economic risks for power-intensive industries like mining.

Lahontan Gold signs agreement to acquire Emergent Metals

2026-09-18

Lahontan Gold announced on September 17, 2026, its agreement to acquire Emergent Metals, a move poised to consolidate its ownership of the pivotal West Santa Fe project and significantly expand its land position within Nevada's highly prospective Walker Lane trend. This all-share transaction, valued at C$0.115 per Emergent share, will eliminate approximately C$2.39 million in future payments and a 1% net smelter return royalty, while adding the strategic New York Canyon project and other valuable assets to Lahontan's portfolio.

Almonty and Sandvik’s WBH sign Spanish tungsten supply deal

2026-09-18

Almonty Industries has secured a multi-year, take-or-pay offtake agreement with Sandvik Group subsidiary Wolfram Bergbau und Hütten (WBH) for tungsten concentrate from the reprocessing of tailings at its Los Santos Mine in western Spain. This strategic deal, involving a conditional $3 million payment from WBH, aims to restart operations at the mine, providing critical EU-origin tungsten feedstock ahead of new US defense procurement regulations taking effect in January 2027. The agreement highlights a growing industry focus on supply chain provenance and resource recovery through reprocessing.

Sudan mine collapse death toll hits 60 as rescue efforts continue

2026-09-17

A tragic gold mine collapse in Sudan’s West Kordofan state has claimed the lives of at least 60 artisanal miners, with reports indicating more than 70 dead or missing. The incident at the al-Zara mine in the Fouja area highlights the severe safety deficiencies prevalent in Sudan's informal mining sector, where dangerous conditions and a lack of proper equipment continue to result in significant loss of life. Rescue efforts have been significantly hampered by unstable ground and the absence of specialized teams, drawing urgent attention to the systemic challenges facing one of Africa's leading gold-producing nations.

Chancery Royalty agrees $20m royalty financing to Fulcrum Metals

2026-09-17

Chancery Royalty has agreed to a non-binding term sheet to provide $20 million in royalty financing to Fulcrum Metals, alongside a £200,000 strategic equity investment. This pivotal agreement centers on a 5% net smelter return royalty on gold production from Fulcrum’s Teck-Hughes project in Kirkland Lake, Ontario, and is contingent on the successful pilot-scale testing of an innovative cyanide-free gold recovery process from historic mine tailings. The deal underscores a growing industry focus on sustainable mining practices and the strategic value of reprocessing mine waste.

Tungsten West to relaunch Hemerdon mine by early 2027

2026-09-16

Tungsten West is set to relaunch its Hemerdon tungsten mine in Devon, England, targeting full-scale production by the first quarter of 2027. This restart, supported by a significant investment from the UK's National Wealth Fund, will leverage advanced TOMRA XRT ore sorting technology to optimize processing and reduce environmental impact. The project aims to provide a critical non-Chinese source of tungsten for European markets, addressing growing demand and strategic supply chain concerns.