Zijin warns Kamoa-Kakula flooding threatens its 2026 copper target
Zijin Mining said flooding at Kamoa-Kakula could cut its attributable copper output by up to 57,000 tonnes in 2026, threatening its group-wide 1.2 million tonne target.
Zijin Mining said flooding at Kamoa-Kakula could cut its attributable copper output by up to 57,000 tonnes in 2026, threatening its group-wide 1.2 million tonne target.
Zijin Gold International's agreed takeover of Allied Gold lapsed before its 29 July 2026 deadline, and the two companies instead struck a smaller deal in which Zijin bought a 9.2% stake in Allied for about $295m.
The Manono lithium project in the DRC, controlled by China's Zijin Mining, received certification for its first export batch in July 2026, making the country a lithium producer for the first time.
Chinese copper producers CMOC and Zijin have taken equity stakes in the venture rebuilding TAZARA, the railway linking Zambia's copperbelt to Dar es Salaam, under a $1.24bn, 30-year concession.
Zijin Gold International agreed on 26 January 2026 to buy Allied Gold for C$44 a share, valuing the company at about C$5.5bn and adding three African gold operations to Zijin's fast-growing overseas portfolio.
Newmont finalised its $1bn sale of the Akyem gold mine in Ghana to China's Zijin Mining Group in August 2025, receiving the last $100m instalment after Ghana's Parliament ratified the mine's extended lease.