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Ivanhoe Mines' Robert Friedland warned that African copper production faces serious disruption if the Iran conflict persists, given the region's reliance on Middle Eastern sulphur for acid production.
Eurasian Resources Group's Metalkol tailings-reprocessing operation in the DRC became the first such site globally to be awarded the Copper Mark responsible-sourcing certification.
DRC president Felix Tshisekedi replaced the chairman and CEO of state mining company Gécamines, which holds stakes in copper and cobalt operations run by Glencore, CMOC and ERG.
Gécamines secured rights to market about half of the copper produced at Glencore's Kamoto Copper Company, extending a trading strategy it has used elsewhere in the DRC.
Glencore and Gécamines finalised a land-access deal at Kamoto Copper Company that the miner says paves the way to 300,000 tonnes a year of copper output.
The DRC's copper exports rose almost 10% in 2025 to 3.4 million tonnes, with Chinese-run mines including Tenke Fungurume and Kamoa-Kakula driving the increase.
Ivanhoe Mines is in advanced talks to send zinc concentrate from its Kipushi mine to the US under Project Vault, a $12bn strategic minerals stockpiling scheme.
Zambia produced 890,346t of copper in 2025, up 8% on 2024, the mines ministry said, leaving the country about 110,000t short of its 1Mt target for the year.
The DRC dispatched its first copper shipment to the US under a Gécamines-Mercuria arrangement, marketing metal from the state miner's stake in CMOC's Tenke Fungurume operation.
Ivanhoe Mines began copper anode production at its new Kamoa-Kakula smelter in the DRC, a plant it says will be Africa's largest once fully ramped up.
Glencore unveiled a $14bn-$24bn global copper growth plan that includes higher output targets for its Kamoto Copper Company and Mutanda operations in the DRC.
Ivanhoe Mines said 2026 copper output at Kamoa-Kakula would fall short of 2024's record, even as dewatering of the flooded Kakula mine passed the halfway mark.
Ivanhoe Mines officially fired up what it calls Africa's largest and greenest copper smelter at Kamoa-Kakula, with first concentrate feed expected by the end of the year.
Ivanhoe Mines' third-quarter profit fell to $31m, down two-thirds year-on-year, as seismic-related flooding continued to depress copper output at Kamoa-Kakula.
Ivanhoe Mines reported record quarterly zinc output at Kipushi and copper production in line with guidance at Kamoa-Kakula, as recovery from May's flooding gathered pace.
Ivanhoe Mines began the second stage of dewatering at its flooded Kakula copper mine in the DRC, aiming to cut the underground water level by roughly a metre a day.
Ivanhoe Mines agreed to a $500m investment from Qatar's sovereign wealth fund, which will take a 4% stake as the miner works to overcome flooding at its Kamoa-Kakula copper complex.
Ivanhoe Mines said debottlenecking work at its Kipushi zinc mine in the DRC finished early and under budget, keeping the operation on track for its 2025 production guidance.
Ivanhoe Mines raised its Kamoa-Kakula cash-cost forecast by 12% as it began a second stage of dewatering the flood-hit Kakula mine, with submersible pumps arriving on site.
Ivanhoe Mines cut its annual copper guidance to 370,000-420,000 tonnes after seismic-triggered flooding at Kakula, and abandoned its 2026 target of about 600,000 tonnes.
Ivanhoe Mines shares jumped as much as 8.7% after the company said it was working to safely restart mining on the western side of its flooded Kakula copper mine in the DRC.
Ivanhoe Mines suffered its worst trading day in over a decade after withdrawing its Kamoa-Kakula production guidance, as continuing seismic events forced a renewed shutdown at the Congo mine.
Ivanhoe Mines publicly contradicted joint-venture partner Zijin Mining's description of roof collapses at the Kakula copper mine, saying inspections found no evidence of structural failure.
Ivanhoe Mines temporarily suspended underground operations at its Kakula copper mine in the DRC after seismic activity, evacuating staff and cutting concentrator throughput.
