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Galileo Resources Sells Botswana Copper Subsidiary in Up to $83 Million Deal with Sandfire Unit 1 Copper Corporate News 

Galileo Resources Sells Botswana Copper Subsidiary in Up to $83 Million Deal with Sandfire Unit

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Galileo Resources Agrees to Sell Virgo Subsidiary to Sandfire Unit in Deal Worth Up to $83 Million Based on Copper Discovery Success Copper and battery metals exploration company Galileo Resources has entered into an agreement to sell its wholly owned subsidiary, Virgo Business Solutions, to Metal Exploration Capital, a subsidiary of ASX-listed Sandfire Resources. Virgo Business Solutions holds copper prospecting licences in Botswana. The transaction includes an upfront payment of US$3 million, along with a potential contingent success payment ranging between US$20 million and US$80 million, depending on the quantity… Read More Here
KCM Plans US$317 Million Coal Power Plant to Strengthen Energy Security for Zambia’s Copper Operations 2 Mining in Zambia Coal Copper Corporate News 

KCM Plans US$317 Million Coal Power Plant to Strengthen Energy Security for Zambia’s Copper Operations

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Konkola Copper Mines to Build 300MW US$317 Million Coal Power Plant to Address Zambia’s Electricity Shortages Konkola Copper Mines (KCM), a subsidiary of Vedanta Resources, has announced plans to develop a US$317 million coal-fired power plant in Zambia as part of efforts to mitigate persistent electricity shortages affecting mining operations across the country. The proposed facility will have a planned generation capacity of 300 megawatts and is expected to be developed in two phases. According to the company, the project is designed to enhance energy reliability for KCM, one of… Read More Here
Essar Group and IRH Seal US$500 Million Energy Trading and Crude Supply Facility for UK Refinery Operations 3 International Corporate News Energy 

Essar Group and IRH Seal US$500 Million Energy Trading and Crude Supply Facility for UK Refinery Operations

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Essar Energy Transition Fuels and IRH Sign US$500 Million Deal to Strengthen Crude Supply Security and Trading Flexibility International Resources Holding (IRH) and the Essar Group have announced the successful execution of a US$500 million crude sourcing and refined products supply facility between Essar Energy Transition Fuels and IRH Global Trading. The agreement is designed to enhance feedstock security and improve trading flexibility for Essar Energy Transition Fuels, while also optimizing its working capital structure. It will allow the company to diversify crude sourcing and product marketing options in response… Read More Here
ZCCM-IH Showcases Zambia’s Mining Investment Growth Ahead of Paris Capital Markets Day 4 Mining in Zambia Investment News 

ZCCM-IH Showcases Zambia’s Mining Investment Growth Ahead of Paris Capital Markets Day

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ZCCM-IH Highlights US$12 Billion Mining Investment Surge and Rising Market Value Ahead of Paris Investor Day Ahead of the ZCCM-IH Capital Markets & Investor Day scheduled for Friday, 19 June 2026, in Paris, France, a delegation led by Board Chairperson Phesto Musonda paid a courtesy visit to the Zambian Embassy in France. During the engagement, Mr Musonda commended the Government of the Republic of Zambia for implementing key reforms that have strengthened the mining sector, attracted approximately US$12 billion in investment, and unlocked significant opportunities in the energy industry. He… Read More Here
Tshisekedi Discusses Strategic Mining Mapping Partnership with Dynamic Aviation in Houston 5 Mining in DRC Partnership 

Tshisekedi Discusses Strategic Mining Mapping Partnership with Dynamic Aviation in Houston

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President Félix Tshisekedi Holds Talks with Dynamic Aviation on Advanced Mineral Mapping Program to Boost DRC Mining Sector During an official visit to Houston, President of the Democratic Republic of Congo, Félix-Antoine Tshisekedi Tshilombo, received a delegation from the American company Dynamic Aviation, led by its Managing Director, Michael Stoltzfus. The meeting focused on a proposed strategic partnership aimed at strengthening the development and optimization of the DRC’s vast mining potential through advanced geospatial technologies. A National Program for Critical Mineral Mapping At the center of the discussions was a… Read More Here
Raoul Wazenga Positions DRC for Energy Transition Boom with $199 Million Exploration Program 6 Mining in DRC Battery Metals Exploration Investment News 

Raoul Wazenga Positions DRC for Energy Transition Boom with $199 Million Exploration Program

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DRC Invests Nearly $200 Million in Geological Exploration as Raoul Wazenga Targets New Critical Mineral Discoveries The Congolese government is stepping up efforts to secure the future of its mining industry through major investments in geological research and mineral exploration. Speaking at a press conference held on Monday in Lubumbashi, Raoul Wazenga Vitima, Director General of the National Geological Survey of Congo (SGNC), outlined the government’s ambitious exploration programs aimed at identifying new mineral deposits to support the global energy transition and create employment opportunities for local communities. According to… Read More Here
Louis Watum Opens DRC Mining Week 2026 with Call for Mineral Transformation and Value Addition 7 Mining in DRC Events & Expos 

Louis Watum Opens DRC Mining Week 2026 with Call for Mineral Transformation and Value Addition

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DRC Mining Week 2026: Mines Minister Louis Watum Kabamba Unveils Vision to Make Congo a Global Critical Minerals Hub The Minister of Mines, Louis Watum Kabamba, officially opened the 21st edition of DRC Mining Week on Wednesday, June 17, 2026, in Lubumbashi under the theme: “Transforming the DRC: From Local Player to Global Hub for Critical Minerals.” The opening ceremony brought together several senior government officials, including the Minister of Water Resources and Electricity, Molendo Sakombi, the Governor of Haut-Katanga Province, as well as investors, mining operators, industry experts, and… Read More Here
Lobito Atlantic Railway Restarts DRC Copper Shipments Following Flood Damage Repairs 8 Copper Mining in DRC Transport and Logistics 

Lobito Atlantic Railway Restarts DRC Copper Shipments Following Flood Damage Repairs

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Lobito Corridor Resumes DRC Copper Exports After Flood Repairs Restore Rail Link Lobito Atlantic Railway (LAR) has received its first copper shipment from the Democratic Republic of Congo since restoring a flood-damaged section of the Lobito Corridor, reopening a critical export route for Central African minerals. The rail link between the Port of Lobito and Huambo had been closed for approximately two months after severe flooding damaged infrastructure along the route. Following emergency repair works, full rail operations have now resumed, according to a statement issued by LAR on June… Read More Here
DRC Moves to Reclaim and Digitise Geological Archives in Major Mining Sector Modernisation Push 9 Mining in DRC 

DRC Moves to Reclaim and Digitise Geological Archives in Major Mining Sector Modernisation Push

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DRC Advances Mining Modernisation Through Belgian Talks on Digitising Geological Archives The Democratic Republic of Congo (DRC) has taken a new step in its broader strategy to modernise and strengthen its mining sector through the restitution and digitisation of geological archives held in Belgium. During an official mission to Brussels on June 9, 2026, the Minister of Mines, Louis Watum Kabamba, led discussions aimed at recovering and digitising historical geological data relating to the Congolese subsoil. These archives are considered a critical scientific resource for improving national knowledge of mineral… Read More Here
Atomic Eagle Extends Uranium Mineralisation at Muntanga Project in Zambia 10 Mining in Zambia New Mining Projects Uranium 

Atomic Eagle Extends Uranium Mineralisation at Muntanga Project in Zambia

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Atomic Eagle Expands Uranium Mineralisation at Muntanga Project in Zambia Following New Drill Results Australian mining company Atomic Eagle has expanded uranium mineralisation at its 100%-owned Muntanga Uranium Project in Zambia, following new drilling results from the Chisebuka deposit. Chisebuka, located within the broader Muntanga Project in southern Zambia, is a key uranium exploration target that has been the focus of ongoing drilling campaigns aimed at defining and extending mineral resources. According to recent exploration updates, the northern higher-grade zone now spans a surface area of approximately 900 metres by… Read More Here

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