Constance - Copperbelt Katanga Mining

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Asante Gold Secures $500M Financing to Boost Bibiani and Chirano Mines in Ghana

August 29, 2025August 29, 2025 Constance

Asante Gold Raises $500 Million to Expand Ghana Operations and Target 500,000 oz Annual Output by 2028 Canada’s Asante Gold has finalized a $500-million financing package to accelerate the development and expansion of its Bibiani and Chirano gold mines in Ghana, the company announced on Monday. The package includes net proceeds from a $125-million second utilization under its $150-million senior debt facility. A first drawdown of $5 million was completed on August 14, while a $20-million revolving credit facility is now fully available. “Closing this financing is transformative for Asante,”… Read More Here

Mining in DRC

DRC Urged to Strengthen Oversight as $150 Million in Mining Revenues Missing from Community Funds

August 29, 2025August 29, 2025 Constance

DRC Parliamentarians and Mines Minister Push for Transparency in Mining Revenues for Local Communities On Thursday, August 28, 2025, the Minister of Mines, Louis Kabamba Watum, met with a delegation of national parliamentarians who presented their mission orders for a parliamentary visit to North Kivu province. The discussions centered on the 0.3% allocation of mining companies’ turnover—a provision in the 2018 Mining Code designed to improve the living conditions of local communities. The lawmakers reaffirmed their determination to ensure that this allocation genuinely benefits the affected populations. They also stressed… Read More Here

International Corporate News

Sibanye-Stillwater Reports Strong First-Half 2025 Results with Profitability Boost from S45X Credits

August 29, 2025August 29, 2025 Constance

Sibanye-Stillwater Delivers R15.1bn EBITDA and Turns Corner with S45X Credits Amid Strong PGM and Gold Prices Sibanye-Stillwater has posted significantly improved results for the six months ended June 30, 2025, with all operations—except South African gold—remaining on track to meet production and cost guidance for the full year. The group highlighted stronger profitability, effective restructuring, and the impact of US Inflation Reduction Act (IRA) credits as key drivers of performance. The company reduced its basic loss to R3.6 billion, a R3.7 billion improvement year-on-year, while delivering headline earnings of R5.4… Read More Here

Mining in Zambia Economy

Zambia’s Inflation Eases to 12.6% in August 2025

August 28, 2025August 28, 2025 Constance

Zambia Inflation Slows to 12.6% in August 2025 as Food and Fuel Prices Moderate Zambia’s annual inflation rate slowed to 12.6 percent in August 2025, down from 13 percent in July, according to the Zambia Statistics Agency (ZamStats). In its monthly bulletin, ZamStats attributed the moderation to lower price increases across both food and non-food items. Acting Statistician General Sheila Mudenda reported that annual food inflation for August stood at 14.9 percent, compared with 15.3 percent in July. “This means that food prices, on average, increased by 14.9 percent between… Read More Here

Mining in Zambia Electricity Energy

Zambia Urges $11.6 Billion Investment to Meet 2030 Electricity Demand

August 28, 2025August 28, 2025 Constance

Zambia needs $11.6B Investment in Renewables and Power Infrastructure to Meet Rapidly Growing Electricity Demand Zambia will require US$11.6 billion in investments by 2030 to expand electricity generation and meet rapidly growing national demand, Energy Minister Makozo Chikote has announced. Speaking through Director of Energy Mafayo Ziba at the official opening of the Commercial and Industrial (C&I) Energy + Storage Summit Zambia 2025, Minister Chikote emphasized that the country’s energy sector is at a decisive moment. He urged investors to explore opportunities in renewables, energy storage, and industrial power solutions.… Read More Here

Mining in DRC Governance

DRC Launches Workshop to Strengthen Mining Governance and Promote Local Value

August 28, 2025August 28, 2025 Constance

Democratic Republic of Congo Advances Mining Governance with National Dialogue Workshop The Congolese mining sector is gaining renewed momentum. On Wednesday, August 27, 2025, Minister of Mines Louis Watum Kabamba officially launched a workshop aimed at presenting, consolidating, and adopting recommendations from the national dialogue on mining governance. Organized by the Crisis Committee for Peace and Security (CCPS-DRC) with technical and financial support from German cooperation (GIZ), the two-day workshop seeks to ensure effective ownership of the dialogue’s conclusions and establish a foundation for inclusive, sustainable, and transparent mining governance.… Read More Here

Mining in DRC Artisanal mining Mining safety

Landslides Claim Three Lives in North Kivu’s Walikale Artisanal Mines

August 28, 2025August 28, 2025 Constance

North Kivu Mining Tragedy: Three Artisanal Miners Killed in Landslides A devastating double landslide has struck the Walikale region of North Kivu, Democratic Republic of Congo, claiming the lives of three artisanal miners on Sunday, August 24, 2025. Local sources report that two miners died at the Kabombo mining site while working inside a shaft. “They were caught off guard by a sudden landslide while mining,” said the head of the Utunda group. On the same day, a separate landslide at the Angola site claimed another life. Recovery efforts were… Read More Here

International Corporate News Oil & Gas Petroleum

Dangote Refinery Reshapes West and Central Africa’s Fuel Market

August 28, 2025August 28, 2025 Constance

Dangote Refinery Ends Nigeria’s Fuel Import Dependence, Boosts Exports Across Africa and Beyond The Dangote Petroleum Refinery has emerged as a game-changer in West and Central Africa’s energy landscape, ending decades of dependence on imported petroleum products and positioning Nigeria as a net exporter of refined fuels. With a processing capacity of 650,000 barrels per day, the refinery is the largest in Africa and has rapidly transformed regional trade flows. Since operations began, it has produced substantial volumes of diesel, gasoil, jet fuel, and petrol, meeting Nigeria’s domestic demand while… Read More Here

International Economy Gold

Burkina Faso Boosts Mining Revenues as Govt Raises Equity in West African Resources to 15%

August 28, 2025August 28, 2025 Constance

Burkina Faso Increases Stake in West African Resources’ Gold Projects Under New Mining Code Burkina Faso’s largest gold producer and one of its biggest foreign investors, West African Resources (WAF), has implemented the revised 2024 mining code, raising the government’s free carried equity in its gold projects from 10% to 15%. The adjustment was confirmed in WAF’s interim financial report for the first half of 2025. WAF executive chairman Richard Hyde said the equity transfer was finalized in July and August across its three key projects: Sanbrado (Somisa), Kiaka, and… Read More Here

Diamond International

Angola Surpasses Botswana in Diamond Production Value After 20 Years of Dominance

August 28, 2025August 28, 2025 Constance

Angola Overtakes Botswana as World’s Top Diamond Producer for First Time in Two Decades For the first time in 20 years, Botswana has lost its crown as the world’s leading diamond producer by value, with Angola edging ahead in 2024, according to data from the Kimberley Process (KP). Botswana’s diamond output fell sharply to 18.13 million carats worth US$1.36 billion in 2024, down 27.8% in volume and 58.6% in value from the previous year. By contrast, Angola produced 14.03 million carats valued at US$1.41 billion, a 43.8% increase in volume,… Read More Here