U.S. Reaffirms Commitment to Lobito Corridor Investments 21 Mining in Zambia Angola Mining in DRC Transport and Logistics 

U.S. Reaffirms Commitment to Lobito Corridor Investments

The United States has reaffirmed its commitment to continuing investments along the Lobito Corridor, confirmed the U.S. Chargé d’Affaires in Angola and São Tomé and Príncipe during his visit to Huambo on Tuesday. James Story, after meeting with Governor Pereira Alfredo, stated that his three-day visit to the Lobito Corridor projects is part of an initiative that includes 16 ambassadors from various countries. This visit aims to demonstrate the U.S. government’s commitment to supporting the development of the Corridor, promoting prosperity for both the Angolan government and its people. “U.S.… Read More Here
ZCCM-IH Faces Arbitration Proceedings Over Trafigura Payment Dispute 22 Mining in Zambia Copper 

ZCCM-IH Faces Arbitration Proceedings Over Trafigura Payment Dispute

LUSAKA – ZCCM Investments Holdings Plc (LUSE: ZCCM-IH) has informed its shareholders and the investing public of ongoing confidential arbitration proceedings initiated by Trafigura Pte Limited. The arbitration, filed under the London Court of International Arbitration (LCIA) Rules 2020 on February 24, 2024, follows Trafigura’s demand for payment made on November 21, 2023. The dispute relates to a guarantee signed on July 28, 2021, by ZCCM-IH’s then-CEO. The guarantee was provided as security for a ZMW 1.663 billion (approximately US$100 million) prepayment agreement between Trafigura and Konkola Copper Mines Plc… Read More Here
U.S. and DRC Officials to Discuss Strategic Minerals and Countering Chinese Influence 23 Mining in DRC 

U.S. and DRC Officials to Discuss Strategic Minerals and Countering Chinese Influence

Aaron Poynton, President of the Africa-US Business Council (A-USA Business Council), has announced an upcoming visit by Congolese officials to Washington, D.C., for discussions on U.S.-DRC collaboration in strategic minerals. In a letter to Chris Smith, Chairman of the House Foreign Affairs Subcommittee on Africa, Poynton emphasized that the visit presents a unique opportunity to advance commitments that could redefine U.S. engagement in the region. Smith recently chaired a conference on “Metals, Minerals, and Mining: How the CCP Fuels Conflict and Exploitation in Africa.” Poynton is advocating for a meeting… Read More Here
Insecurity Halts Operations of DRC Gold Trading Amid M23 Occupation 24 Mining in DRC Gold 

Insecurity Halts Operations of DRC Gold Trading Amid M23 Occupation

DRC Gold Trading SA, a joint venture between the Democratic Republic of Congo and the United Arab Emirates, is no longer able to operate due to the growing insecurity in the region, worsened by the occupation of parts of South Kivu by Rwandan-backed M23 rebels. The company, founded in January 2023, had been pivotal in regulating the gold supply chain in the northeast region of the DRC, where artisanal gold mining is prevalent. DRC Gold Trading SA had a significant role in cleaning up the gold supply chain by reducing… Read More Here
Zambia Unveils "The Zambezi Minute" Vision to Lead in Critical Minerals Sector 25 Mining in Zambia 

Zambia Unveils “The Zambezi Minute” Vision to Lead in Critical Minerals Sector

This weekend, the Zambian government launched The Zambezi Minute, an ambitious initiative aimed at harnessing the global demand for critical minerals and attracting foreign investment. The government has committed to ensuring fair benefits for its citizens, including jobs, revenue, and sustainability, while drawing in capital to drive economic growth. The plan’s foundation rests on a streamlined regulatory system, with every policy evaluated by one key question: “Does it reduce risk and increase output?” Success, according to government officials, will rely on improved infrastructure, logistics, and transparent policies that foster investor… Read More Here
Codelco Shifts Copper Sales to U.S. Amid Trade Uncertainty 26 International Copper 

Codelco Shifts Copper Sales to U.S. Amid Trade Uncertainty

Codelco, the world’s largest copper producer, is redirecting some of its spot sales to the United States, CEO Rubén Alvarado announced on Friday. This move follows U.S. President Donald Trump’s February directive to investigate potential tariffs on copper imports, an effort aimed at revitalizing domestic production. The announcement has fueled a surge in copper demand. Alvarado expressed confidence in copper’s long-term market fundamentals and dismissed concerns over potential sanctions or tariffs. “We are committed to meeting the needs of our U.S. clients and have adjusted part of our spot sales… Read More Here
Zambia’s Chief Geologist Calls for Regulatory Reforms to Strengthen Mining Sector 48 Mining in Zambia 

Zambia’s Chief Geologist Calls for Regulatory Reforms to Strengthen Mining Sector

Desiderius Chapewa, Chief Geologist for Regional Mapping at the Geological Survey Department, has outlined critical challenges facing Zambia’s mining exploration sector, including the lack of regulation for geological professionals and the need for better data management. In an interview with Copperbelt Katanga Mining at the recent AZMEC Forum in Kitwe, Mr. Chapewa highlighted the need to pass the Geoscience Professionals Bill to formalize the profession and enhance the exploration process. He also pointed out the difficulty investors face due to the absence of a centralized mineral inventory, with many companies… Read More Here
Ivanhoe Mines Reports Strong Copper and Zinc Production in the First Two Months of 2025 49 Mining in DRC 

Ivanhoe Mines Reports Strong Copper and Zinc Production in the First Two Months of 2025

Kolwezi, Democratic Republic of Congo – Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Executive Co-Chairman Robert Friedland and President & Chief Executive Officer Marna Cloete announced today an update on year-to-date production at the Kamoa-Kakula Copper Complex in the Democratic Republic of the Congo (DRC) and the ultra-high-grade Kipushi zinc mine, also in the DRC. Kamoa-Kakula delivered near-record copper production in January of 45,477 tonnes and 40,849 tonnes during the shorter month of February. Daily copper production averaged over each month totaled 1,467 tonnes per day (tpd) in January and 1,459… Read More Here
Minister of Mines Inaugurates Modernized CAMI Building to Strengthen DRC's Mining Sector 50 Mining in DRC 

Minister of Mines Inaugurates Modernized CAMI Building to Strengthen DRC’s Mining Sector

The Minister of Mines, Kizito Pakabomba, led the inauguration of the newly built provincial directorate of the Haut-Katanga Cadastre Minier (CAMI RDC) on Saturday. This significant event highlights the government’s ongoing efforts to modernize the infrastructure of the mining sector in the Democratic Republic of Congo, reinforcing its commitment to transparent, accountable, and equitable management of the country’s mineral resources. The new building represents more than just a physical structure; it reflects the government’s determination to equip the mining sector with effective tools to combat speculation, fraud, and bureaucratic delays… Read More Here

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