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US Sanctions Armed Group and Hong Kong Companies Linked to Congo’s Illicit Mineral Trade 1 Mining in DRC Battery Metals 

US Sanctions Armed Group and Hong Kong Companies Linked to Congo’s Illicit Mineral Trade

Constance
US Targets Armed Group and Hong Kong Firms Over Congo Conflict Minerals The United States has imposed sanctions on an armed group and two Hong Kong-based companies accused of involvement in violence and illegal mining in the Democratic Republic of Congo (DRC). Officials say the move is part of a broader effort to disrupt the flow of “conflict minerals” from the region. The Treasury Department’s Office of Foreign Assets Control (OFAC) announced penalties against PARECO-FF, a successor to an armed group with a history of “destabilizing activities” in the DRC.… Read More Here
Barrick Faces $1.04B Charge After Mali Seizes Loulo-Gounkoto Mine 2 Gold Corporate News International 

Barrick Faces $1.04B Charge After Mali Seizes Loulo-Gounkoto Mine

Constance
Barrick Gold Posts $1.04B Loss on Mali Mine Seizure Despite Strong Gold Price Rally Barrick Mining Corp. shares fell in pre-market trading Monday after the Canadian miner reported a $1.04 billion net charge linked to the seizure of its Loulo-Gounkoto gold complex by Mali’s military-led government. The charge reflects the “deconsolidation” of the mine following a change of control, according to Barrick’s second-quarter earnings report. The loss was partly offset by a $745 million gain from selling its 50% stake in the Donlin Gold project in Alaska. Tensions in Mali… Read More Here
Barrick CEO Downplays U.S. Tariff Impact, Denies Reko Diq Mediation 3 Corporate News Gold International 

Barrick CEO Downplays U.S. Tariff Impact, Denies Reko Diq Mediation

Constance
Barrick Gold CEO Says U.S. Tariffs Would Have Minimal Impact, Denies Mediating Saudi-Pakistan Reko Diq Talks Barrick Gold CEO Mark Bristow said on Monday that the World Gold Council is awaiting clarity from the United States on potential tariffs for gold bars. He emphasized, however, that any such tariffs would have minimal impact on mining companies, as they operate as “price takers” in the market. Speaking to Reuters, Bristow also clarified that Barrick is not acting as an intermediary between Saudi Arabia and Pakistan in relation to the Reko Diq… Read More Here
Gemfields Sells Fabergé to SMG Capital for $50 Million to Focus on Mining Operations 4 Mining in Zambia Gemstones News in Brief 

Gemfields Sells Fabergé to SMG Capital for $50 Million to Focus on Mining Operations

Constance
Gemfields Offloads Fabergé in $50M Deal to Boost Mozambique and Zambia Mining Projects Gemfields Group has sold luxury jeweller Fabergé Ltd to investment firm SMG Capital for $50 million, marking a significant step in the coloured gemstone miner’s strategy to streamline operations and refocus on its core mining business. The sale follows a strategic review launched late last year. Gemfields acquired Fabergé in 2012 to strengthen its gemstone portfolio and leverage the brand’s prestige to promote its jewellery offerings. Founded in 1842 by Gustav Fabergé, the brand became world-famous for… Read More Here
Zambia Secures $30.1 Million in Trade Deals to Boost Angola Partnerships at FILDA 2025 5 Mining in Zambia Economy Partnership 

Zambia Secures $30.1 Million in Trade Deals to Boost Angola Partnerships at FILDA 2025

Constance
Zambian Firms Seal $30.1 Million in Deals at Angola’s FILDA Trade Fair Luanda — The Zambian Development Agency (ZDA) has announced that Zambian companies secured an estimated US$30.1 million in trade deals during the 40th Edition of the Angola International Trade Fair (FILDA 2025). The agreements reflect growing interest from Zambian businesses in expanding partnerships with Angolan companies across multiple sectors. In a statement released Monday, the ZDA confirmed that 20 Zambian companies participated in a trade mission from July 24–26 in Luanda, signing agreements in industries including manufacturing, agro-processing,… Read More Here
US Investment Won’t Displace DRC Mining Partners 6 Mining in DRC 

US Investment Won’t Displace DRC Mining Partners

Constance
The Chairman of the Board of Directors of the Mining Registry (CAMI), Crispin Mbindule Mitono, has reassured the public that the arrival of American investors in the Democratic Republic of Congo’s mining sector will not result in the country’s resources being sold off or in the replacement of existing partners. Speaking at a press conference on Thursday, August 7, 2025, Mbindule dismissed rumors suggesting that the Congolese government intends to reserve the mining sector exclusively for American companies. “The contract we signed does not mean we are offering mining areas… Read More Here
Sound exploration – the bedrock of every mining project 7 Exploration Corporate News Sponsored Content 

Sound exploration – the bedrock of every mining project

Constance
Whether the purpose is to assess the value of an acquisition target or to decide on advancing a project to its next stage, a due diligence study on the exploration work conducted is a vital risk mitigation measure. “The orebody and its geological setting form the foundation of a mineral project’s value, so the project champions and other stakeholders need to have the utmost confidence in the reliability of the exploration results,” says Marcin Wertz, partner and principal mining engineer at SRK Consulting (South Africa). “It might be possible to… Read More Here
Mining Cadastre of DRC Launches Drone Surveillance and AI Integration for 2025 8 Mining in DRC Mining technology 

Mining Cadastre of DRC Launches Drone Surveillance and AI Integration for 2025

Constance
DR Congo’s CAMI Deploys Drones, AI, and Legal Reforms to Boost Mining Sector Oversight The Mining Cadastre (CAMI) has kicked off the second half of 2025 with a series of technological and legal initiatives aimed at enhancing oversight, transparency, and efficiency in the Democratic Republic of Congo’s mining sector. Announced by CAMI Director General Paul Mabolia during a press conference on Thursday, August 7, 2025, the upgrades include the acquisition of drones to improve aerial surveillance of mining perimeters. These drones will help verify the actual commencement of work on… Read More Here
DRC Exports Over One Tonne of Artisanal Gold in First Half of 2025 9 Mining in DRC Artisanal mining Economy Gold 

DRC Exports Over One Tonne of Artisanal Gold in First Half of 2025

Constance
DRC Gold Trading SA Reports 1,057 kg of Legal Artisanal Gold Exports Worth €97 Million Between January and June 2025, the Democratic Republic of Congo (DRC) legally exported a total of 1,057.88 kilograms of artisanal gold, according to statistical data published by DRC Gold Trading SA on its official X (formerly Twitter) account in July 2025. The company emphasized that these figures demonstrate the viability of selling Congolese gold through legal, traceable, and profitable channels. “With just over one tonne of artisanal gold exported in the first half of 2025,… Read More Here
KCC Denies Reports of Selling Three Artisanal Mining Sites in Lualaba Province 10 Mining in DRC Copper Corporate News 

KCC Denies Reports of Selling Three Artisanal Mining Sites in Lualaba Province

Constance
Kamoto Copper Company Refutes Claims of Selling Lualaba Artisanal Mining Sites In a press release issued on Thursday, August 7, 2025, Kamoto Copper Company (KCC) firmly denied allegations that it intends to sell its three artisanal mining sites in Lualaba Province. “KCC has made no such commitment,” the company stated, underscoring its importance as an employer, community partner, and taxpayer in the province. “We intend to continue playing our role to the fullest by operating all of our mining permits,” the statement added. KCC clarified that during the renewal of… Read More Here

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