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 temporarily suspended underground operations at its Kakula copper mine in the DRC after seismic activity, evacuating staff and cutting concentrator throughput.
Alphamin Resources resumed phased operations at its Bisie tin mine in April 2025, weeks after suspending production when Rwanda-backed M23 rebels advanced on Walikale district in eastern Congo.
Bushveld Minerals was placed into liquidation on 15 April 2025 after running out of funds, setting up its delisting from London's AIM market once its nominated adviser resigned.
Namibia's government trimmed its 2025 growth forecast to 4.5%, citing weak diamond markets and steep production cuts at De Beers as a drag on the economy.
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.
The Minerals Council South Africa says the Department of Mineral and Petroleum Resources is unhappy with a court ruling that protects existing empowerment deals, and may use MPRDA amendments to undo it.
