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Ivanhoe Mines Announces Makoko Discovery Extended to over 13 Kilometres of Strike Length 1 Mining in DRC New Mining Projects 

Ivanhoe Mines Announces Makoko Discovery Extended to over 13 Kilometres of Strike Length

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Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Executive Co-Chairman Robert Friedland and President Marna Cloete announced at the 34th annual Global Metals, Mining & Critical Minerals Conference in Hollywood, Florida, an update on the expansive 2024 drill campaign, as well as the 2025 exploration budget on the company’s 60%- to 100%-owned Western Forelands Exploration Project in the Democratic Republic of the Congo (DRC). Western Forelands’ 2024 drilling program was Ivanhoe’s largest to date, with over 80,000 metres of diamond drilling completed. Drilling was predominantly focused on a potential western extension along strike… Read More Here
Angolan Minister Dismisses Claims of U.S. Withdrawal from Lobito Corridor Funding 2 Transport and Logistics International 

Angolan Minister Dismisses Claims of U.S. Withdrawal from Lobito Corridor Funding

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Angola’s Minister of Transport, Ricardo d’Abreu, has refuted circulating reports claiming that the United States has withdrawn funding for the Lobito Corridor. Speaking to Angop on Friday in Huambo during the Investment Opportunities Forum along the Lobito Corridor, d’Abreu clarified that the project is being developed through private investment by its concessionaire and shareholders. “Funding for the Lobito Corridor is not solely dependent on the United States,” he emphasized. He recalled that former U.S. President Donald Trump had only placed on hold certain initiatives by American aid agencies, particularly USAID,… Read More Here
Gemfields Sees Improved Demand in Mini Auction for Unsold Kagem Emeralds 3 Mining in Zambia Gemstones 

Gemfields Sees Improved Demand in Mini Auction for Unsold Kagem Emeralds

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Gemfields recently held a mini auction to sell emeralds from its Kagem mine in Zambia, which remained unsold from a previous sale due to competition from another producer offering similar goods at lower prices. Between February 19 and 21, the company generated $4.8 million from the sale of 45,864 carats, it announced on Monday. Of the 13 lots offered, 10 were sold, achieving an average price of $105 per carat. In November, Gemfields had put 43 lots up for sale but managed to sell only 30, marking its weakest emerald… Read More Here
Glencore Estimates $72 Billion in Reserves at Mutanda Mine in DRC 4 Mining in DRC Cobalt Corporate News 

Glencore Estimates $72 Billion in Reserves at Mutanda Mine in DRC

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In its 2024 report on reserves and resources, Swiss multinational Glencore, which specializes in the extraction and marketing of raw materials, provided projections suggesting that the Mutanda mine, located 40 kilometers from Kolwezi in the Democratic Republic of Congo (DRC), has measured copper and cobalt reserves valued at $72 billion. In the mining sector, potential resource assessments classify sites into three categories: measured reserves, which are highly reliable; indicated reserves, which are considered reliable but require further confirmation; and inferred reserves, which are less certain. Regarding Mutanda, Glencore’s latest report… Read More Here
Zambia Police Pledge Support to First Quantum Minerals in Kalumbila 5 Mining in Zambia Copper 

Zambia Police Pledge Support to First Quantum Minerals in Kalumbila

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The North-Western Division of the Zambia Police has pledged continued support for First Quantum Minerals Limited (FQML) and its mining investments. This commitment was made during a courtesy visit to FQML’s operations in Kalumbila at the FQM Trident Limited site, which includes the Sentinel Copper and Enterprise Nickel Mines. The delegation, led by newly appointed Commissioner of Police Paul Achiume, included Deputy Commissioner Desmond Mwanza and Senior Assistant Commissioner Kennedy Mumbi. The visit aimed to familiarize the team with the operations of the mines. Upon arrival, the team was welcomed… Read More Here
Lake Kariba Water Levels Remain Low, Highlighting Power Generation Challenges in Zimbabwe 6 Electricity 

Lake Kariba Water Levels Remain Low, Highlighting Power Generation Challenges in Zimbabwe

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Water levels at Lake Kariba have been gradually rising due to the ongoing rainy season, raising hopes for improved hydropower generation later this year. However, the current levels remain significantly lower than those of the same period last year, according to the latest data from the Zambezi River Authority (ZRA). As of Monday, the water level stood at 476.41 meters, compared to 477.84 meters at the same time last year. The Kariba Dam operates within a water level range of 475.50 meters to 488.50 meters, with usable live storage—critical for… Read More Here
DRC Finance Minister Discusses Economic Stability with IMF Managing Director 7 Mining in DRC Economy 

DRC Finance Minister Discusses Economic Stability with IMF Managing Director

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On February 19, 2025, DRC Finance Minister Doudou Fwamba Likunde Li-Botayi met with IMF Managing Director Kristalina Georgieva to discuss the implementation of the Extended Credit Facility (ECF) and Resilience and Sustainability Facility (RSF) programs. This meeting, held amid rising tensions in the country’s east, underscores the close link between economic progress and national stability. Minister Li-Botayi acknowledged the ongoing security and humanitarian challenges in the East but reiterated the Congolese Government’s commitment to structural reforms. These reforms focus on strengthening fiscal discipline and enhancing transparency in public finances, which… Read More Here
ZESCO Signs Power Purchase Agreements with IPPs to Boost Solar Capacity 8 Mining in Zambia Electricity 

ZESCO Signs Power Purchase Agreements with IPPs to Boost Solar Capacity

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ZESCO, Zambia’s state-owned electricity company, has signed Power Purchase Agreements (PPAs) with 28 Independent Power Producers (IPPs) under the Micro-Generator Scheme and the Presidential Solar Initiative. The agreements will add 270 megawatts (MW) of solar power to the national grid. At the signing ceremony, Energy Minister Hon. Makozo Chikote emphasized the government’s commitment to development, stating, “Under President Hakainde Hichilema’s leadership, we are delivering development, not just talking about it. This initiative will power industries, create jobs, and drive economic growth, showing that the UPND government is serious about transforming… Read More Here
Sino Mine Tailings Dam Collapse Devastates Land and Crops in Chambeshi 9 Mining in Zambia Mining safety 

Sino Mine Tailings Dam Collapse Devastates Land and Crops in Chambeshi

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A major environmental disaster has unfolded in Mwambashi Ward, Chambeshi District in Zambia, after the collapse of the Sino Mine Leach Tailings Dam, which contained acid. The spill has not only contaminated the surrounding land but has also devastated over 200 farmers’ fields, raising concerns about mining-related environmental risks. Anthony Mwape, one of the affected farmers, reported that his four-hectare farm—where he grew maize, onions, and cabbage—was completely destroyed. His crops, which were ready for harvest in March, were lost due to the acid exposure. Area Councillor Bertha Mulenga has… Read More Here
Tertiary Minerals Advances Deep Drilling at Konkola West Copper Project 10 Mining in Zambia Copper New Mining Projects 

Tertiary Minerals Advances Deep Drilling at Konkola West Copper Project

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Aim-listed Tertiary Minerals has reported significant progress in drilling at its Konkola West copper project in Zambia, with hole KWDD001 now exceeding 2,600 meters in depth. The drill is currently advancing through the Kitwe Formation, which forms the upper part of the Lower Roan Subgroup, a key copper-bearing geological unit in the Zambian Copperbelt. The drill hole is currently in the Shale with Grit unit of the Kitwe Formation, which typically lies 25 m to 225 m above the Ore Shale, the primary copper-hosting layer in the Konkola area. The… Read More Here

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