You are here

Written by 

Zambia’s Economy Surpasses Growth Forecasts Amid Strong Q4 Performance 1 Mining in Zambia Economy 

Zambia’s Economy Surpasses Growth Forecasts Amid Strong Q4 Performance

Constance0 comment
Zambia’s economy outperformed expectations in 2023, exceeding growth forecasts from both the government and the International Monetary Fund (IMF), driven by a sharp rise in fourth-quarter output. According to preliminary data, the country’s gross domestic product (GDP) grew by 4% in 2023, down from 5.4% in 2022, acting Statistician-General Sheila Mudenda announced on Thursday. This figure far exceeded the IMF’s projection of 1.2% and the estimates of President Hakainde Hichilema’s administration, Bloomberg reported. The economy recorded an impressive 8.6% growth in the last quarter—the fastest pace in over a decade—bolstered… Read More Here
DRC Imposes Record $4.3 Million Fine for Mining Transparency Violations 2 Mining in DRC 

DRC Imposes Record $4.3 Million Fine for Mining Transparency Violations

Constance0 comment
As of January 1, 2025, individuals and entities in the Democratic Republic of Congo (DRC) face a $4.3 million fine for obstructing transparency and traceability in the mining sector. This penalty, outlined in Decision No. CAMI/DG/003/2024, was issued by the Mining Cadastre (CAMI) on December 16, 2024, marking the most severe enforcement action under the country’s amended Mining Code. Despite its significance, the ruling has received little public attention. The updated fines stem from Article 375 of the 2018 Mining Code, which mandates annual revisions of fines in foreign currency,… Read More Here
Bank of Zambia to Launch New Kwacha Banknotes on March 31 3 Mining in Zambia Economy 

Bank of Zambia to Launch New Kwacha Banknotes on March 31

Constance0 comment
The Bank of Zambia will introduce a new family of Kwacha banknotes on Monday, March 31, making them immediately legal tender while beginning the gradual phase-out of the existing designs. The new series includes the 500, 200, 50, 20, and 10 Kwacha notes, featuring: According to Kagolis Mwamulowe, Director of the National Heritage Conservation Commission, the new notes highlight Zambia’s unique natural heritage, including its diverse flora and fauna. Leonard Mwanza, CEO of the Bankers’ Association of Zambia, reassured the public that banks and ATMs are fully prepared for the… Read More Here
FQM Suspends Public Tours of Panama Copper Mine Amid Govt Pressure 4 Copper Corporate News International 

FQM Suspends Public Tours of Panama Copper Mine Amid Govt Pressure

Constance0 comment
First Quantum Minerals announced on Thursday that it will halt public tours of its shuttered copper mine in Panama following concerns raised by President José Raúl Mulino that the company should not create the impression that the site remains operational. Speaking at a press conference earlier that day, Mulino clarified that no discussions had taken place with First Quantum regarding the mine’s future. The Panamanian government ordered its closure in late 2023 after widespread public protests over environmental concerns. “I don’t want them to give the impression that the mine… Read More Here
Mali Expects Gold Output Recovery in 2025 Amid Barrick Gold Standoff 5 International Corporate News Gold 

Mali Expects Gold Output Recovery in 2025 Amid Barrick Gold Standoff

Constance0 comment
Mali anticipates a slight rebound in industrial gold production in 2025, assuming Barrick Gold resumes operations following a prolonged dispute with the government, according to a document from the country’s mines ministry seen by Reuters on Wednesday. Gold production is projected to reach 54.7 metric tons in 2025, up from 51.7 tons in 2024, which marked a 23% decline from previous years. As one of Africa’s leading gold producers, Mali hosts around 15 operational gold mines, primarily owned by Barrick Gold, B2Gold, Resolute Mining, Endeavour Mining, and Hummingbird Resources. Barrick… Read More Here
China’s Exploitation of DRC’s Minerals Sparks U.S. Intervention Calls 6 Mining in DRC 

China’s Exploitation of DRC’s Minerals Sparks U.S. Intervention Calls

Constance0 comment
In a strong critique of China’s mining operations in Africa, particularly in the Democratic Republic of Congo (DRC), Joseph Mulala Nguramo, a nonresident senior fellow at the Atlantic Council, accuses China of exploiting African mineral resources through corruption, poor governance, and human rights violations. Citing trade data, Mulala highlights that China-Africa trade volume stands at $282.1 billion, growing at about 1.5% annually. Despite this, China controls nearly 90% of the DRC’s mining sector while failing to support governance reforms or anti-corruption efforts. Instead, Mulala claims China actively engages in corruption… Read More Here
Chinese Ambassador Denies Presence of Legal Chinese Mining Companies in Eastern DRC 7 Mining in DRC 

Chinese Ambassador Denies Presence of Legal Chinese Mining Companies in Eastern DRC

Constance0 comment
Chinese Ambassador to the Democratic Republic of Congo (DRC), Zhao Bin, has firmly stated that no legally registered Chinese mining companies operate in the eastern provinces of the country. S peaking at the inauguration of the Confucius Institute at the University of Kinshasa, he reaffirmed China’s opposition to illegal mining and called for the exposure of individuals misusing China’s name for illicit activities. “I take this opportunity to reiterate that China firmly opposes any form of illegal mining in eastern Congo. There are no legally registered Chinese companies operating in… Read More Here
Trump Orders Increased U.S. Mineral Production, Raising Questions Over DRC Partnership 8 International 

Trump Orders Increased U.S. Mineral Production, Raising Questions Over DRC Partnership

Constance0 comment
U.S. President Donald Trump has announced new measures to boost domestic mineral production, including critical minerals, uranium, copper, potash, and gold. The Trump administration stated that the move addresses the “grave” security and economic risks posed by U.S. dependence on foreign mineral supplies, particularly from hostile nations. Under the directive, the Secretary of the Interior and White House economic and security advisers must, within 10 days, identify all federal lands with known mineral deposits. “The Secretary of the Interior shall prioritize mineral production and mining-related activities as primary land uses… Read More Here
Zambia Records First Inflation Decline in Over a Year 9 Mining in Zambia Economy 

Zambia Records First Inflation Decline in Over a Year

Constance0 comment
For the first time since July 2023, Zambia’s annual inflation rate has declined, offering some much-needed economic relief. Reports indicate that in March 2025, inflation dropped to 16.5%, down from 16.8% in February. The announcement was made by Acting Statistician-General Sheila Mudenda on Thursday in Lusaka. A key driver of the decline was a drop in food prices, particularly for essentials such as bread and cereal. This was largely due to increased rainfall following one of the worst droughts in nearly a century. Food price inflation fell to 18.9% in… Read More Here
LAND-LINKED ZAMBIA CONFERENCE LINKING SECTORS THROUGH TRANSPORT AND LOGISTICS 10 Transport and Logistics Sponsored Content 

LAND-LINKED ZAMBIA CONFERENCE LINKING SECTORS THROUGH TRANSPORT AND LOGISTICS

Constance0 comment
Land linkages play a critical role in Africa’s economic development by facilitating trade, investment, and regional integration. As a continent rich in resources but challenged by infrastructure deficits, Africa’s road networks are critical for connecting markets, reducing costs, and improving the movement of goods and people. Strengthening land linkages has become a key driver for road infrastructure growth, shaping the continent’s future development. Chimwemwe Nyirenda, the Co-Founder and CEO of Africast Zambia Limited, producers of the premier Land-Linked Zambia Conference believes that through a multi- sectorial approach, the Land-Linked conference… Read More Here

You have successfully subscribed to the newsletter

There was an error while trying to send your request. Please try again.

Copperbelt Katanga Mining will use the information you provide on this form to be in touch with you and to provide updates and marketing.