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Zambia Addresses US Ambassador’s Remarks, Points to Mining Revival and Economic Growth 1 Mining in Zambia Economy Governance 

Zambia Addresses US Ambassador’s Remarks, Points to Mining Revival and Economic Growth

Constance
Zambia Addresses Outgoing US Ambassador’s Remarks, Outlines Position on Bilateral Relations The Government of the Zambia has issued a firm response to remarks made by outgoing United States Ambassador Michael Gonzales, describing his statements as “deeply regrettable, undiplomatic, and inconsistent with the principles of mutual respect” that underpin international relations. Speaking at a press briefing in Lusaka, Minister of Foreign Affairs and International Cooperation Mulambo Haimbe said the government took “serious exception” to comments made during the ambassador’s farewell reception on April 30, 2026. The government argued that the remarks… Read More Here
Mixed Commodity Trends in DRC as Global Mining Prices Show Broad Decline 2 Mining in DRC Economy 

Mixed Commodity Trends in DRC as Global Mining Prices Show Broad Decline

Constance
DR Congo Mining Export Prices Fall in Early May 2026 as Gold, Copper Drop While Nickel and Germanium Rise Export prices for mining commodities from the Democratic Republic of the Congo recorded an ընդհանուր downward trend on international markets during the period of May 4–9, 2026, reflecting softer global demand across several key resources. Among the hardest-hit commodities, gold posted a notable decline, falling from $155.28 to $151.79 per gram. Copper the country’s primary export also edged lower, decreasing from $13,177.50 to $13,102.50 per ton. Zinc followed a similar trajectory,… Read More Here
Virtus Minerals Advances Chemaf Takeover in DRC with Key Regulatory Review 3 Mining in DRC Copper Corporate News Mergers & Acquisitions 

Virtus Minerals Advances Chemaf Takeover in DRC with Key Regulatory Review

Constance
Virtus Minerals Moves Forward with Chemaf Acquisition in DR Congo, Strengthening Oversight of Copper and Cobalt Assets The acquisition of Chemaf’s mining assets has entered a critical administrative phase in the Democratic Republic of Congo (DRC). On April 29, 2026, the Director General of the Mining Registry, Popol Mabolia Yenga, met with the Chairman of the Board of Virtus Minerals, the new owner of Chemaf. Chemaf (Congo Eastern Mining Frontier) primarily operates mining sites in the southern provinces of Lualaba and Haut-Katanga, at the heart of the country’s copper belt… Read More Here
Andrada Mining Defers £7.7m Loan Repayment to Fund Expansion at Namibia’s Uis Mine 4 International Corporate News 

Andrada Mining Defers £7.7m Loan Repayment to Fund Expansion at Namibia’s Uis Mine

Constance
Andrada Mining Delays £7.7m Convertible Loan Repayment to 2027 to Accelerate Uis Mine Expansion in Namibia Andrada Mining Limited has postponed the repayment of £7.7 million in convertible loan notes by one year, extending the maturity date to July 2027 as it prioritises expansion at its Uis Mine in Namibia and aims to scale production across its critical minerals portfolio. Loan restructuring terms revised The company confirmed it has amended loan notes originally issued in July 2023. Key changes include: The £7.7 million facility was raised through the issuance of… Read More Here
Sibanye-Stillwater Halts Operations After Fatal Shaft Accident at Kloof Mine 5 International Mining safety 

Sibanye-Stillwater Halts Operations After Fatal Shaft Accident at Kloof Mine

Constance
Sibanye-Stillwater Kloof Mine Accident: Two Workers Killed as Operations Suspended Pending Investigation JSE- and NYSE-listed mining company Sibanye-Stillwater has confirmed the deaths of two contractor employees following a fatal accident at its Kloof 8 shaft on 3 May. The incident occurred during preparations for a routine scheduled shaft inspection. According to the company, an inspection platform became detached from the main winder conveyance, causing it to descend uncontrollably down the shaft. The two contractors sustained fatal injuries as a result. Investigation and regulatory response underway A full investigation into the… Read More Here
Glencore Reports Mixed Q1 Output as Copper Rises and Coal Production Declines 6 International Coal Copper Corporate News 

Glencore Reports Mixed Q1 Output as Copper Rises and Coal Production Declines

Constance
Glencore Q1 Results: Copper Output Up 19% While Coal Production Falls 22% Amid Weather and Operational Disruptions Diversified mining and commodities group Glencore reported mixed production results for the first quarter, with strong growth in copper output offset by declines in steelmaking coal and cobalt production, alongside stable performance in other segments. Steelmaking coal output falls sharply Glencore’s steelmaking coal production fell 22% year-on-year to 6.5 million tonnes. The decline was driven by pit sequencing changes at Elk Valley Resources in Canada, adverse weather conditions in Queensland, Australia, and a… Read More Here
First Trade Convoy from Eastern DRC Reaches Kinshasa via Green Corridor Launch 7 Mining in DRC Transport and Logistics 

First Trade Convoy from Eastern DRC Reaches Kinshasa via Green Corridor Launch

Constance
DRC Kivu–Kinshasa Green Corridor Launches First Cargo Convoy to Kinshasa, Boosting East–West Trade Links The first convoy along the Kivu–Kinshasa Green Corridor has arrived in the Congolese capital, Kinshasa, marking a symbolic milestone for a major economic integration project designed to connect the eastern and western regions of the Democratic Republic of the Congo (DRC). Multimodal route showcases trade potential Departing from North Kivu, the convoy followed a multimodal transport route through Kisangani before continuing downstream along the Congo River to Kinshasa. It carried three containers of locally produced goods,… Read More Here
Zambia Rejects U.S. Proposal Linking Health Funding to Critical Minerals Deal Amid Privacy Concerns 8 Mining in Zambia Critical Minerals 

Zambia Rejects U.S. Proposal Linking Health Funding to Critical Minerals Deal Amid Privacy Concerns

Constance
Zambia Opposes U.S. Plan to Tie $2 Billion Health Funding to Critical Minerals Access Over Privacy and Sovereignty Concerns Zambia has rejected a U.S. proposal that sought to link health-sector funding with access to the country’s critical minerals, exposing key points of disagreement that have stalled negotiations between the two governments. Foreign Affairs and International Cooperation Minister Mulambo Haimbe said the United States had proposed providing up to $2 billion in health funding over five years under a draft bilateral agreement. However, he noted that several provisions particularly those related… Read More Here
Cat® Unveils Battery Electric Power Unit at IFAT 2026, Turning Electrification Into a Drop-In Solution 9 International Corporate News Equipment & Technology 

Cat® Unveils Battery Electric Power Unit at IFAT 2026, Turning Electrification Into a Drop-In Solution

Constance
Electrifying Industrial Equipment: Cat® BEPU Makes Its Debut at IFAT 2026 On May 1, 2026, Caterpillar announced the first public showcasing of its prototype Cat® Battery Electric Power Unit (BEPU), marking a significant step forward in the electrification of industrial machinery. The debut will take place at IFAT 2026 in Munich from May 4–7, where the BEPU will be integrated into a Doppstadt SWS 6 Spiral Shaft Separator. A Practical Approach to Electrification The Cat BEPU is engineered as a real-world solution to simplify and accelerate the transition from diesel… Read More Here
DRC Mining Boom Masks Heavy Reliance on China and Copper 10 Mining in DRC Copper 

DRC Mining Boom Masks Heavy Reliance on China and Copper

Constance
DRC Mining Exports: Heavy Reliance on China and Copper Raises Economic Risk The structure of the Democratic Republic of Congo’s (DRC) mineral exports reveals a dual dependency on a dominant trading partner, China, and a single primary commodity, copper. This is the main finding of a report by consulting firm Target Sarl. China accounts for approximately 62% of the DRC’s mineral export volumes, confirming its position as the country’s leading export destination. This dominance is reinforced by significant Chinese investment in the mining sector, which supports production and infrastructure. However,… Read More Here

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