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Jinchuan Probe Flags Suspected Financial Misconduct at Congo Mining Unit 40 Mining in DRC Cobalt Copper Corporate News 

Jinchuan Probe Flags Suspected Financial Misconduct at Congo Mining Unit

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Jinchuan Investigates Alleged $145 Million Irregular Payments at DRC’s Copper-Cobalt Mine Jinchuan Group International Resources Co says an independent investigation has identified approximately $145 million in suspected irregular payments linked to its copper and cobalt operations in the Democratic Republic of Congo. The investigation focused on Ruashi Mine, where the company said former local employees may have exploited weak procurement and payment controls between 2019 and 2024 through questionable supplier transactions, cash payments, and disputed invoices. In a filing released late Friday, Jinchuan said investigators reviewed financial transactions during a… Read More Here
FQM Contributes $3.46 Billion to Zambia’s Economy in 2025 41 Mining in Zambia Copper Corporate News Economy Taxes 

FQM Contributes $3.46 Billion to Zambia’s Economy in 2025

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First Quantum Minerals Reports $3.46 Billion Economic Contribution to Zambia Through Taxes, Jobs and Procurement in 2025 Canadian mining company First Quantum Minerals has reported a total economic contribution of approximately $3.46 billion to Zambia in 2025, according to its latest Tax Transparency and Economic Contributions Report. The report highlights the company’s significant role in the Zambian economy through taxation, employment, procurement, and community investment activities across its mining operations. During the year, First Quantum Minerals employed more than 12,000 people in Zambia and engaged over 11,500 contractors, while also… Read More Here
DRC Suspends Mining Operations in South Kivu Amid Illegal Mining and Security Concerns 42 Mining in DRC Artisanal mining 

DRC Suspends Mining Operations in South Kivu Amid Illegal Mining and Security Concerns

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DR Congo Suspends Mining Activities in Mwenga and Shabunda Over Illegal Operations The Congolese government has suspended all mining activities in the territories of Mwenga and Shabunda in South Kivu Province following growing concerns over illegal mining operations and security threats linked to the sector. The decision was announced in a decree signed on May 22, 2026, in Kinshasa by Minister of Mines Louis Kabamba Watum. Under the order, all mining activities in the two territories will remain suspended for a period of three months. According to the Ministry of… Read More Here
ARSP Pushes Mining Companies in Haut-Katanga to Prioritise Local Content and Job Creation 43 Mining in DRC Economy Governance 

ARSP Pushes Mining Companies in Haut-Katanga to Prioritise Local Content and Job Creation

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DR Congo’s ARSP Intensifies Mining Sector Compliance Drive to Boost Local Content and Employment The Subcontracting Regulatory Authority in the Private Sector (ARSP) has intensified its compliance monitoring operations in Haut-Katanga Province as part of ongoing efforts to strengthen local participation in the Democratic Republic of Congo’s mining sector. During the mission, ARSP Director General Miguel Kashal visited several mining companies, including STL (Société du Terril de Lubumbashi), CDM, and MMG, as well as the facilities of various subcontracting firms operating in the region. According to ARSP, the inspections focused… Read More Here
DRC Losing $7.5 Billion Annually to Illegal Artisanal Gold Exports 44 Mining in DRC Artisanal mining Economy Gold 

DRC Losing $7.5 Billion Annually to Illegal Artisanal Gold Exports

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DR Congo Faces Massive Gold Smuggling Crisis as Illegal Exports Drain Billions from Economy The Democratic Republic of Congo (DRC) continues to suffer massive financial losses from the illegal export of artisanal gold, with authorities estimating that nearly 50 tonnes of gold are smuggled out of the country each year. According to DRC Gold Trading SA, the illicit trade is costing the national economy an estimated US$7.5 billion annually. The figures were revealed by the company’s Director General, Joseph M. Kazibaziba, in a video shared on the company’s X account,… Read More Here
Zimbabwe’s Mining Sector Set for Major Job Boom Amid Rising Global Mineral Demand 45 International Economy 

Zimbabwe’s Mining Sector Set for Major Job Boom Amid Rising Global Mineral Demand

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Zimbabwe Mining Industry Expected to Create 100,000 Jobs as Lithium and Gold Investments Surge Zimbabwe’s mining industry is preparing for one of its largest recruitment drives in recent years, with the sector expected to create up to 100,000 new jobs over the next five years as investment flows into gold, lithium, platinum, and chrome projects. The expansion comes amid rising global demand for strategic minerals used in electric vehicles, energy storage systems, and industrial manufacturing, positioning Zimbabwe as a key player in the global resource market. According to The Herald,… Read More Here
KCM Restarts Chingola “B” Mine After 18-Year Shutdown in Major Zambia Copper Expansion Push 46 Copper Corporate News Mining in Zambia 

KCM Restarts Chingola “B” Mine After 18-Year Shutdown in Major Zambia Copper Expansion Push

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Konkola Copper Mines Restarts Chingola B Mine After 18 Years as Zambia Targets 3 Million Ton Copper Output by 2031 Konkola Copper Mines (KCM) has resumed mining operations at its Chingola “B” Mine, marking the restart of activity after 18 years of closure. The move forms part of Zambia’s broader strategy to significantly scale up copper production as the country targets more than 3 million tonnes of annual output by 2031. The Chingola B Mine is located within the larger Nchanga mining complex and is expected to play a key… Read More Here
Trafigura Withdraws Major Copper Volumes from LME as Global Arbitrage Drives US and China Demand 47 International Corporate News 

Trafigura Withdraws Major Copper Volumes from LME as Global Arbitrage Drives US and China Demand

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Trafigura Pulls 51,000 Tons of Copper from LME Warehouses as US–China Price Gap Sparks Record Arbitrage Trade Global commodities trader Trafigura Group has initiated the withdrawal of hundreds of millions of dollars’ worth of copper from London Metal Exchange (LME) warehouses, capitalising on widening price disparities between markets in the United States, China, and Europe. According to market participants familiar with the transactions, Trafigura was the principal party behind orders to remove more than 51,000 tonnes of copper from LME storage facilities across the US and Asia on Friday. The… Read More Here
Lualaba Governor Calls for Economic Transformation at KBM 2026 in Kolwezi 48 Mining in DRC Governance 

Lualaba Governor Calls for Economic Transformation at KBM 2026 in Kolwezi

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Lualaba Governor Fifi Masuka Urges Shift from Raw Mineral Exports to Local Industrialisation at KBM 2026 At the opening of the 7th edition of the Katanga Business Meeting (KBM 2026), held on 20 May in Kolwezi, Governor Fifi Masuka of Lualaba Province called for a structural transformation of the Democratic Republic of Congo’s economic model. The event, which brought together investors, mining companies, and development partners under the theme “Investing in a sustainable future for a winning Africa,” focused on the need to move beyond an extractive economy reliant on… Read More Here

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