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Bank of Zambia Delegation Visits FQM Trident Commends Responsible Mining Practices

August 9, 2025August 9, 2025 Constance

Bank of Zambia Praises FQM Trident for Driving Jobs, Sustainable Mining, and Economic Growth A high-level delegation from the Bank of Zambia, led by Governor Dr. Denny Kalyalya and Deputy Governor Dr. Francis Chipimo, has visited First Quantum Minerals’ (FQM) Trident operation in Kalumbila, underscoring the critical role responsible mining plays in Zambia’s economic development. Hosted by Trident General Manager Scott Whitehead and Assistant General Manager Frederic Wouters, the visit brought together senior directors and staff from the central bank. The delegation toured Trident’s advanced mining facilities, which directly employ… Read More Here

Mining in DRC Mining Personality

Engineer and Industry Veteran Louis Watum Kabamba Appointed DRC Minister of Mines

August 8, 2025August 8, 2025 Constance

From Engineer to Minister: Louis Watum Kabamba Takes Charge of DRC’s Strategic Mining Sector Louis Watum Kabamba has been appointed Minister of Mines of the Democratic Republic of Congo (DRC), replacing Kizito Pakabomba in the newly formed Suminwa II government. An engineer by training, a politician by choice, and a seasoned manager with over two decades in the mining industry, Watum brings a wealth of expertise to one of the country’s most strategic portfolios. READ ALSO:Kizito Pakabomba Bids Farewell as DRC Minister of Mines Born on March 22, 1962, in… Read More Here

Mining in DRC Mining Personality

Kizito Pakabomba Bids Farewell as DRC Minister of Mines

August 8, 2025August 8, 2025 Constance

Former DRC Minister of Mines, Kizito Pakabomba, thanks President Félix Tshisekedi and PM Judith Suminwa as he hands over to Louis Watum, who will lead the strategic mining sector. Following the announcement of the Suminwa II government on Thursday, August 7, 2025, Kizito Pakabomba officially stepped down from his role as Minister of Mines in the Democratic Republic of Congo (DRC). In a message posted on his X account (formerly Twitter) this Friday, August 8, 2025, the outgoing minister expressed his “deep gratitude” to President Félix Tshisekedi and Prime Minister… Read More Here

Mining in Zambia Copper Safety & Health

Zambia Rejects US Concerns Over Copper Mine Acid Spill

August 8, 2025August 8, 2025 Constance

Zambia Says Copper Mine Acid Spill No Longer a Health Risk Amid US Travel Warning Zambia’s government on Thursday rejected claims that a February acid spill in its copper-mining region continues to pose a serious health threat, countering a US embassy travel advisory that warned of widespread contamination. The incident occurred when a tailings dam failed at a Chinese-operated copper processing plant in Chambishi, releasing 50,000 cubic metres of acidic slurry into nearby rivers. According to government spokesperson Cornelius Mweetwa, clean-up operations—primarily using lime to neutralise acidity—have restored pH levels… Read More Here

Corporate News International

Glencore Reports $5.4 Billion Half-Year EBITDA Amid Lower Coal Prices and Copper Output

August 8, 2025August 8, 2025 Constance

Glencore Half-Year Report 2025 — CEO Review and Financial Highlights Glencore’s Chief Executive Officer, Gary Nagle, announced that the company has made significant progress in optimising operations and positioning for long-term, value-accretive growth during the first half of 2025. A comprehensive review of Glencore’s industrial portfolio identified opportunities to streamline the operating structure, optimise departmental management and reporting, and enhance technical expertise. As part of this review, Glencore expects approximately $1 billion in recurring cost savings (against a 2024 baseline) to be fully delivered by the end of 2026, with… Read More Here

Mining in Zambia Economy Gold

ZCCM-IH Appointed by Government to Lead Transformation of Zambia’s Gold Sector

August 7, 2025August 7, 2025 Constance

ZCCM-IH Appointed to Overhaul Zambia’s Informal Gold Mining Industry for Sustainable National Growth ZCCM Investments Holdings Plc (ZCCM-IH) announced that it has officially been mandated by the Government of the Republic of Zambia to take the lead in the formalisation, development, and transformation of the gold sector in Zambia. This strategic appointment marks a historic milestone in the country’s mining landscape, paving the way for the creation of a structured, sustainable, and inclusive gold industry that benefits all Zambians. For decades, Zambia’s gold sector has remained largely informal—dominated by small-scale… Read More Here

Mining in Zambia Corporate News Economy Gold

Kansanshi Mine to Ensure Steady Gold Supply to Both Royal Gold and Bank of Zambia

August 7, 2025August 7, 2025 Constance

Kansanshi Mine Renews Gold Supply Agreement with Bank of Zambia While Honoring $1 Billion Deal with Royal Gold Kansanshi Mining Plc, a subsidiary of First Quantum Minerals (FQM), has reaffirmed its commitment to strengthening Zambia’s gold reserves by renewing its Memorandum of Understanding (MoU) with the Bank of Zambia (BOZ) for the continued sale of gold dore. This milestone was marked by a formal signing ceremony held today, signaling the continuation of a strategic partnership that dates back to 2020. The renewal comes at a time when Kansanshi is also… Read More Here

Mining in DRC Battery Metals Cobalt Economy

Glencore Warns of Cobalt Stockpile Build-Up Amid Prolonged DRC Export Ban

August 6, 2025August 6, 2025 Constance

Glencore May Be Unable to Sell Cobalt in 2025 Due to Congo Export Ban Glencore (LON: GLEN), the world’s second-largest cobalt producer, issued a warning on Wednesday that a substantial portion of its cobalt output may remain unsold by the end of 2025, citing ongoing export restrictions in the Democratic Republic of Congo (DRC). The DRC, which produces the majority of the world’s cobalt, imposed a four-month export ban in February 2025 after prices plunged to a nine-year low. In June, the Congolese government extended the ban by an additional… Read More Here

International Copper Economy

Copper Tariff Exemption Reveals the U.S. Balancing Act Between Industry Protection and Energy Costs

August 6, 2025August 6, 2025 Constance

Why the U.S. Exempted Refined Copper from Tariffs While Slapping 50% Duties on Aluminum In a move that surprised global markets, the United States last week announced it would exempt refined copper metal from new import duties—while maintaining steep tariffs on semi-finished copper products such as wire, tube, and sheet. The decision sent Comex copper prices down more than 20% since the announcement last Wednesday. The contrast between this exemption and the earlier imposition of 50% tariffs on aluminum imports highlights the crucial role of energy costs and industry lobbying… Read More Here

Mining in Zambia Corporate News Gold

FQM Announces $1 Billion Gold Streaming Agreement with Royal Gold

August 6, 2025August 6, 2025 Constance

First Quantum Minerals Enters $1B Gold Streaming Agreement with Royal Gold to Boost Liquidity and Maintain Copper Exposure at Kansanshi Mine First Quantum Minerals Ltd. has announced that it has entered into a gold streaming agreement (the “Agreement”) with RGLD Gold AG, a wholly owned subsidiary of Royal Gold, Inc. (“Royal Gold”), through a wholly owned Canadian subsidiary. Under the terms of the Agreement, First Quantum will receive a $1.0 billion upfront cash payment in exchange for future gold deliveries linked to copper production at the Kansanshi Mine in Zambia… Read More Here