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DRC IGF Launches Nationwide Audit of Mining Revenues to Strengthen Public Finance Oversight 1 Mining in DRC Mining revenue 

DRC IGF Launches Nationwide Audit of Mining Revenues to Strengthen Public Finance Oversight

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DRC Finance Inspectorate Deploys 118 Inspectors to Audit Mining Revenues and Boost Public Revenue Transparency The General Inspectorate of Finance (IGF) has launched a large-scale public finance audit operation focused primarily on mining revenues across the Democratic Republic of Congo. The mission, initiated on June 4, 2026 by Inspector General of Finance–Head of Service Christophe Bitasimwa Bahii, deploys 118 inspectors across nearly 200 public and private entities nationwide. This second wave of audit operations for the 2026 fiscal year follows resolutions from the 87th Council of Ministers meeting and forms… Read More Here
Godard Motemona Appointed Director General of Congo’s Mining Fund for Future Generations (FOMIN) 2 Mining in DRC Corporate News Mining Personality 

Godard Motemona Appointed Director General of Congo’s Mining Fund for Future Generations (FOMIN)

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DRC Appoints Godard Motemona as New Director General of FOMIN to Oversee Mining Wealth for Future Generations Godard Motemona has been appointed Director General of the Mining Fund for Future Generations (FOMIN), replacing Faustin Biringanine, according to a presidential order read on national television on Wednesday, June 3, 2026. He assumes leadership of the strategic public institution responsible for safeguarding a portion of mining revenues to ensure long-term benefits for future generations in the Democratic Republic of Congo. Prior to this appointment, Motemona served as Vice Minister of Mines in… Read More Here
Traditional Leaders Back Kalungwishi Hydropower Project as Development Gains Momentum in Northern Zambia 3 Mining in Zambia Electricity Energy 

Traditional Leaders Back Kalungwishi Hydropower Project as Development Gains Momentum in Northern Zambia

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247MW Kalungwishi Hydropower Project Gains Strong Traditional Leadership Support, Set to Transform Luapula and Northern Provinces A major milestone in Zambia’s energy and industrial development agenda is taking shape as the 247-megawatt Kalungwishi Hydropower Project gains renewed momentum, with strong backing from government, the private sector, and traditional leaders whose communities are expected to benefit from the transformative investment. Located along the Kalungwishi River, the project is expected to become a catalyst for economic growth in Luapula and Northern Provinces by providing reliable electricity to support mining, agriculture, manufacturing, tourism,… Read More Here
Codelco Appoints Jorge Gómez as New CEO Amid Production Scandal and Leadership Shake-Up in Chile 4 International Corporate News Mining Personality 

Codelco Appoints Jorge Gómez as New CEO Amid Production Scandal and Leadership Shake-Up in Chile

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Chile’s Codelco Names Jorge Gómez CEO as State Copper Giant Seeks Stability After Production Reporting Scandal Chile’s state-owned copper producer Codelco has appointed Jorge Gómez as its new chief executive officer as the company continues to navigate the fallout from a scandal involving inflated production figures. In an official statement, Codelco confirmed that Gómez will assume the role on July 13, succeeding current CEO Rubén Alvarado. The appointment follows earlier reporting by Reuters, which cited sources familiar with the decision. Gómez joins Codelco after serving since 2012 as head of… Read More Here
Jubilee Metals Resumes Roan Operations, Advances Copper Recovery and Processing Upgrades in Zambia 5 Mining in Zambia Copper Corporate News 

Jubilee Metals Resumes Roan Operations, Advances Copper Recovery and Processing Upgrades in Zambia

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Jubilee Metals Restarts Roan Operations After Maintenance Shutdown as Zambia Copper Output Targets 30,000t Monthly Throughput Jubilee Metals has successfully completed the annual maintenance shutdown at its Roan concentrator operations in Ndola, Zambia, with the plant now restarted at full capacity and targeting a run-of-mine throughput of 30,000 tonnes per month. According to Jubilee CEO Leon Coetzer, June performance will provide a clearer indication of sustainable operating capacity and recovery efficiencies, particularly with the integration of fine copper concentrate now being processed at the company’s Sable refinery in Kabwe. He… Read More Here
Tenke Fungurume Mine Moves to Restore Operations After Brief Strike Disruption in DRC 6 Mining in DRC Copper Corporate News 

Tenke Fungurume Mine Moves to Restore Operations After Brief Strike Disruption in DRC

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DRC’s Tenke Fungurume Mine Ends Strike, CMOC Warns of Dismissals and Offers Bonuses to Non-Striking Workers The Democratic Republic of Congo’s largest copper mine, Tenke Fungurume Mining (TFM), has warned it will dismiss employees who refuse to end strike action that briefly disrupted production this week, while offering financial incentives to workers who did not participate. The strike began on June 1 at the vast operation, which is operated by China’s CMOC Group Ltd. TFM is one of the world’s largest copper-producing sites, with output reaching approximately 519,000 tons in… Read More Here
Mopani Copper Mines Reaffirms Domestic Processing Strategy as Zambia Grants Copper Export Quotas 7 Mining in Zambia Copper Corporate News 

Mopani Copper Mines Reaffirms Domestic Processing Strategy as Zambia Grants Copper Export Quotas

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Zambia Waives Copper Export Duty as Mopani and Miners Retain Concentrate for Domestic Processing The Zambian subsidiary of Abu Dhabi–based International Resources Holding (IRH) does not intend to export copper concentrate despite receiving one of the largest allocations under a government export waiver. Mopani Copper Mines stated that its position remains unchanged since July, when the first exemptions were introduced. At that time, the company confirmed it had “no plan to export any part” of its allocated quota, instead prioritizing its own processing operations in line with a long-term strategy… Read More Here
Lualaba Mining Cooperatives Vote in Kolwezi to Strengthen Governance of Artisanal Mining Sector 8 Mining in DRC Artisanal mining 

Lualaba Mining Cooperatives Vote in Kolwezi to Strengthen Governance of Artisanal Mining Sector

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Kolwezi: Mining Cooperatives Elect Representatives to New Artisanal Mining Governance Bodies Mining cooperatives in Lualaba province are heading to the polls this Thursday, June 4, 2026, in Kolwezi to elect their representatives to two newly established bodies under the Ministry of Mines. The announcement was made by the Service for Assistance and Support of Artisanal and Small-Scale Mining (SAEMAPE). In an official statement, SAEMAPE/Lualaba Provincial Director Georges Nyembo Kitungwa invited all cooperatives to participate in the vote, which is aimed at strengthening their role in the governance of the artisanal… Read More Here
DRC Cracks Down on Illegal Mining Activities Near Maiko National Park Amid Environmental Concerns 9 Mining in DRC Mining safety 

DRC Cracks Down on Illegal Mining Activities Near Maiko National Park Amid Environmental Concerns

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DRC Suspends Mining Operations Near Maiko National Park Over Alleged Environmental and Legal Violations The Government of the Democratic Republic of Congo has intensified its crackdown on mining operations deemed irregular in environmentally sensitive areas. In a statement issued on June 2, 2026, the Minister of Mines, Louis Watum Kabamba, ordered the immediate and precautionary suspension of activities carried out by two companies holding exploration permits near Maiko National Park. The decision concerns exploration permits No. 16591 and No. 16594, granted respectively to Stone Mining SARLU and Xin Hong Kuan… Read More Here
Zijin Mining’s Delayed Allied Gold Acquisition Signals a New Era in China’s Mining Strategy 10 Gold Corporate News International 

Zijin Mining’s Delayed Allied Gold Acquisition Signals a New Era in China’s Mining Strategy

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Zijin Mining’s Allied Gold Deal Delay Highlights China’s Cautious Shift in Global Gold Strategy and Africa Investment Risks The postponement of Zijin Mining’s planned acquisition of Canadian-based Allied Gold is more than a routine procedural delay. The three-month extension reflects deeper strategic calculations linked to China’s evolving mining policy, intensifying global competition for gold assets, and rising regulatory and political considerations in Africa. Amid record-high global gold prices and increasing efforts by major economies to secure critical mineral supplies, Beijing’s cautious stance highlights a shift toward greater scrutiny of overseas… Read More Here

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