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Mining in DRC Mining Personality 

Bin Nassor Elected to Lead DRC Chamber of Mines as TFM Returns to Power

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The election of Bin Nassor as President of the Chamber of Mines in the Democratic Republic of Congo (DRC) marks the return of mining giant Tenke Fungurume Mining (TFM) to the leadership of the country’s key mining institution. TFM, a major player in the Congolese mining sector, previously held this position several years ago. Nassor represented the CMOC Group, parent company of both Kisanfu Mining and TFM. The election was held on Thursday, April 3, 2025, under the auspices of the Chamber of Mines—a commission of the Federation of Congolese… Read More Here
Mining in DRC Cobalt Copper 

China Molybdenum’s DRC Operations Drive Record Growth and Strategic Dominance

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Mining giant China Molybdenum Co. Ltd. (CMOC)—a key player in the Democratic Republic of Congo through its operations at Tenke Fungurume Mining (TFM) and Kisanfu Mining (KFM)—achieved a significant milestone in 2024, posting impressive financial and operational results that solidify its status among the world’s top producers of strategic metals. According to the company, net profit attributable to shareholders rose by 64% to USD 1.9 billion, while revenue increased by 14.37% to reach USD 29.85 billion. CMOC also reported exceptional growth in operating cash flow, which surged by 108.38% to… Read More Here
Mining in DRC Governance 

Miguel Kashal Presents 2024 Subcontracting Report to President Tshisekedi

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The Director General of the Regulatory Authority for Subcontracting in the Private Sector (ARSP), Miguel Kashal Katemb, met with President Félix-Antoine Tshisekedi on Thursday, April 3, 2025, to present an update on the state of subcontracting activities across the Democratic Republic of Congo. During the audience, Katemb delivered a partial report on the 2024 financial year and outlined progress made in implementing instructions received during earlier meetings with the President—particularly the one held on September 18, 2024. That meeting had focused on improving oversight and transparency in the use of… Read More Here
International Economy 

IMF Warns U.S. Tariffs Could Deepen Global Economic Strain

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International Monetary Fund (IMF) Managing Director Kristalina Georgieva has warned that newly announced U.S. tariffs pose a “significant risk” to the global economy, particularly at a time of slow and fragile growth. In a statement released today, Georgieva stressed the need for constructive dialogue between the U.S. and its trading partners to avoid further economic disruption. “We are still assessing the macroeconomic implications of the announced tariff measures, but they clearly represent a significant risk to the global outlook at a time of sluggish growth,” she said. “It is important… Read More Here
Mining in DRC 

US Strategy on Critical Minerals Puts DRC Battery Project in Doubt

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Since President Donald Trump’s return to power in January, boosting domestic supplies of critical minerals, such as copper, has been a top priority, particularly for energy transition technologies . However, this shift in focus raises questions about US support for developing a battery production value chain in the Democratic Republic of Congo (DRC), as outlined in a Memorandum of Understanding (MoU) signed in December 2022. This strategic pivot involves using executive powers to expedite domestic extraction and processing of raw materials, which may come at the expense of supporting international… Read More Here
Zesco Mining in DRC Electricity 

DRC Power Output Grows but Energy Challenges Persist

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Between 2023 and 2024, the Democratic Republic of Congo (DRC) saw a 3.04% increase in power output, rising by 303.1 gigawatt-hours (GWh). This boost was primarily driven by hydropower plants, including the Inga I and II plants, according to the country’s power utility, the ARE. Over the period from 2020 to 2024, the DRC’s power output grew by 9.8%. However, despite this progress, the DRC’s total electricity output remains low, reaching just 13.6 terawatt-hours (TWh) in 2024. To put this into perspective, it is equivalent to roughly 11 days of… Read More Here
Mining in Zambia Copper Economy 

IRH Invests Over $800 Million in Mopani Copper Mines to Drive Growth and Sustainability

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International Resources Holdings (IRH) has committed over $800 million towards revitalizing Mopani Copper Mines on Zambia’s Copperbelt, marking a significant milestone in the country’s mining sector. This investment is part of a broader $1 billion initiative aimed at enhancing production capacity and promoting long-term sustainability at the mine. Mopani Copper Mines’ CEO, Charles Sakanya, confirmed the financial injection, emphasizing its role in modernizing operations and fostering future growth. The funds will be used to improve infrastructure, boost operational efficiencies, and create opportunities for local suppliers and contractors. During a recent… Read More Here
International Economy 

Zimbabwe’s Gold-Backed Currency Struggles as US Dollar Dominates Amid Economic Crisis

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Zimbabwe’s liquidity crunch is worsening the economy’s reliance on the US dollar, undermining the gold-backed currency, the Zimbabwe Gold (ZiG), introduced nearly a year ago. The ZiG, launched on April 8, is Zimbabwe’s sixth attempt since 2009 to replace the US dollar with a functional local currency, but the initiative has faced significant challenges. In September, the Reserve Bank of Zimbabwe devalued the ZiG by 43% after it weakened persistently against the dollar. The central bank also raised the key interest rate from 20% to 35% and increased cash reserve… Read More Here
Mining in DRC Partnership 

US and DRC Explore Minerals and Security Partnership Amid Ongoing Conflict

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The United States and the Democratic Republic of Congo (DRC) are in discussions to form a minerals and security partnership, according to Massad Boulos, Senior Adviser for Africa to President Donald Trump, following a meeting with DRC President Felix Tshisekedi on Thursday in Kinshasa. Boulos visited the capital to review Tshisekedi’s proposal, which involves the DRC offering its rich mining resources in exchange for US security assistance in the country’s ongoing battle against a rebel group in its eastern region, reportedly backed by neighboring Rwanda. The DRC is the world’s… Read More Here
Mining in Zambia Copper Economy 

Zambia Targets 1 Million Tons of Copper in 2025 as Mine Revivals Boost Output

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Zambia’s copper production is expected to reach approximately 1 million metric tons in 2025, up from an estimated 820,000 tons in 2024, according to Finance Minister Situmbeko Musokotwane. This projected 22% year-over-year increase signals a major recovery for Africa’s second-largest copper producer and reflects a broader resurgence in the country’s mining sector. The growth is being fueled by the revival of key operations, including the Lubambe, Luanshya, and Kalengwa mines. Despite falling short of the 1 million-ton target in previous years, the government remains committed to reaching its long-term goal… Read More Here

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