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.
First Quantum Minerals abandoned plans to sell minority stakes in its Kansanshi and Sentinel mines in Zambia, its CEO said on 25 August 2025, after a $500m Jiangxi Copper prepayment and an earlier $1bn Royal Gold stream eased balance-sheet pressure.
First Quantum Minerals agreed on 5 August 2025 to a $1bn gold stream with Royal Gold referenced to copper production at its Kansanshi mine in Zambia, providing non-dilutive funding as it expands the operation.
President Trump's proclamation of a 50% tariff on semi-finished copper imports, effective 1 August 2025, triggered a scramble to ship metal into the US and tightened supply elsewhere.
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 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.
Ivanhoe Mines shares jumped as much as 12% after record first-quarter revenue of $973m, with Kamoa-Kakula copper output rising to near-record levels ahead of April's disruption.
Ivanhoe Mines began commissioning Kamoa-Kakula's new copper smelter after imported hydroelectric power rose 40% to 70MW, calling it a turning point for the DRC complex.
Uganda signed its first-ever mineral production-sharing agreement to redevelop the Kilembe copper-cobalt mine, handing development rights to Sarrai Group and Nile Fibreboard after a 14-firm tender process.
Eurasian Resources Group's newly appointed chief executive Shukhrat Ibragimov has begun seeking Chinese investment to support the Kazakh miner's copper and cobalt operations in the DRC.
Ivanhoe Mines said its Makoko copper deposit in the DRC's Western Forelands has grown by 20% in strike length, with a new high-grade discovery at nearby Kitoko.
Ivanhoe Mines reported a $193m annual profit and record copper output at Kamoa-Kakula for 2024, though a backup-power fire and an aggressive platinum expansion plan clouded the outlook.
