Constance - Copperbelt Katanga Mining

Written by Constance

Zambia’s Economy Shows Steady Growth with Positive Outlook

July 7, 2025July 7, 2025 Constance

Finance and National Planning Minister Dr. Situmbeko Musokotwana has announced that Zambia has recorded consistent economic growth over the past three years, with projections indicating continued improvement in the years ahead. Speaking in Lusaka during the launch of the Zambia Economic Outlook Report, Dr. Musokotwana highlighted that the country’s economic prospects remain favourable. The report notes that while Zambia’s outlook is positive, further diversification of the economy is essential to mitigate potential risks. It also underscores the country’s potential to drive growth by leveraging its rich endowment of energy transition… Read More Here

Mining in DRC Regional conflict

DRC–Rwanda Peace Agreement Celebrated During Osaka Economic Briefing

July 7, 2025July 7, 2025 Constance

DRC Hails Historic Peace Accord with Rwanda During Economic Forum in Japan On the sidelines of the DRC–Japan Economic Forum in Osaka, a special briefing was held by Patrick Muyaya, the Democratic Republic of Congo’s Minister of Communication and Media. He was joined by Minister of Foreign Trade Julien Paluku and the DRC Ambassador to Japan, Professor Lukumwena Nsenda. The briefing came just one day after the signing of a historic peace agreement between the Democratic Republic of Congo and Rwanda, witnessed in Washington, D.C., by former U.S. President Donald… Read More Here

Mining in DRC Infrastructural Development

DRC Launches $257 Million Railway Modernization Project to Boost Regional Connectivity

July 7, 2025July 7, 2025 Constance

DRC Signs $257M Railway Deal to Modernize Kisangani–Ubundu Line and Boost Regional Trade The Democratic Republic of Congo (DRC) has taken a significant step toward revitalizing its national railway network with the signing of a $257 million concession contract on Friday, July 4, 2025. The agreement focuses on the rehabilitation and modernization of the 115-kilometer Kisangani–Ubundu railway line in the country’s northeast. The official signing ceremony was presided over by the Deputy Prime Minister and Minister of Transport, Communication Channels, and Accessibility. The event marked the formal launch of the… Read More Here

Mining in DRC Corporate News Infrastructural Development

TFM Finalizes Major Railway Diversion to Boost Mining Operations in Fungurume

July 7, 2025July 7, 2025 Constance

On June 25, 2025, Tenke Fungurume Mining (TFM) officially completed the technical handover of a key infrastructure project: the nearly 4-kilometer diversion of the RR2 railway section within its mining concession. This rerouting, fully funded by TFM, enables access to new strategic mineral deposits critical to the company’s expansion. Initiated in 2021, the project was driven by the need to realign the existing railway operated by the Société Nationale des Chemins de fer du Congo (SNCC), which intersected with a significant portion of the newly identified deposit. With the approval… Read More Here

Mining in DRC Economy

IMF Approves $261.9 Million Disbursement to DRC Following First Review of Credit Program

July 7, 2025July 7, 2025 Constance

IMF Disburses $261.9M to DRC After ECF Review, Backing Economic Stability and Reform On July 2, 2025, the Executive Board of the International Monetary Fund (IMF) approved the first review of the Extended Credit Facility (ECF) program for the Democratic Republic of Congo (DRC), resulting in an immediate disbursement of $261.9 million. This funding aims to support macroeconomic stability and expand the government’s fiscal space for public investment. Despite ongoing security challenges in the eastern provinces, the Congolese economy has demonstrated resilience: GDP growth is holding strong at 6.5% Inflation… Read More Here

Mining in DRC Governance Regional conflict

DRC-Rwanda Peace Agreement Marks Security Milestone with Key Economic Implications

July 7, 2025July 7, 2025 Constance

DRC-Rwanda Peace Deal Unlocks Economic Opportunities Through Security Stabilization Although not a traditional economic or trade accord, the peace agreement signed on June 27, 2025, in Washington between the Democratic Republic of Congo (DRC) and Rwanda carries significant economic potential, rooted in its political and security objectives. This was highlighted during a government briefing held on Thursday, July 3, 2025, in Kinshasa. “This agreement is not an economic treaty with the United States, nor a bilateral trade deal with Rwanda,” stated Thérèse Kayikwamba, Minister of State for Foreign Affairs, during… Read More Here

Mining in DRC Gold

DRC Gold Trading SA Injects $27M into Maniema by Formalizing Artisanal Gold Trade

July 7, 2025July 7, 2025 Constance

$27M Boost from DRC Gold Trading SA in Two Months Between March 25 and May 25, 2025, DRC Gold Trading SA achieved a significant milestone in the Maniema province of the Democratic Republic of Congo by channeling over 280 kilograms of artisanal gold through official and traceable circuits. This initiative resulted in the injection of more than $27 million into the local economy of Kindu, primarily through banked payments to local gold traders. This operation marks a turning point for Maniema’s economy, which has long been dominated by informal and… Read More Here

Copper International

India Unveils Strategic Plan to Boost Copper Output and Secure Global Supply Chain

July 7, 2025July 7, 2025 Constance

India Plans Major Copper Expansion by 2047 with Global Partnerships and Investment Incentives India has announced a comprehensive strategy to ramp up copper production, reduce its dependency on imports, and secure long-term access to global copper reserves. The plan includes inviting foreign companies to establish smelters and refineries in India in exchange for state-owned enterprises investing in overseas mining operations. According to a newly released government policy document—portions of which were first reported by Reuters—India, currently the world’s second-largest importer of refined copper, may need to import between 91% and… Read More Here

Mining in DRC

Mining Firms Face Suspension Over Unpaid Community Contributions in DRC

July 6, 2025July 6, 2025 Constance

DRC Mining Firms Face Suspension Over $2.77M in Unpaid Community Contributions Three mining companies, including the Anhui-Congo Mining Investment Company (SACIM), are facing possible suspension following a scathing report from the Court of Auditors, which revealed their failure to comply with mandatory community development payments. According to the June audit, SACIM and two other firms—OM Metal Resources and the Lubumbashi Tailings Processing Company—have neglected to pay the legally required 0.3% of their turnover, funds designated to support development projects in the communities where they operate. SACIM, already grappling with financial… Read More Here

Corporate News Tin

Alphamin Resources Reports Strong Q2 Performance and Exploration Progress Despite Operational Disruptions

July 6, 2025July 6, 2025 Constance

Alphamin Reports Q2 Growth & Tin Exploration Update TSX-V- and JSE-listed Alphamin Resources ended the second quarter, which concluded on June 30, with a net cash position of $50 million. This marks a significant $52 million improvement from a net debt position of $2 million at the end of the first quarter. Contained tin production for the quarter totaled 4,106 tonnes, falling short of the targeted 5,000 tonnes. This shortfall was primarily due to a temporary suspension of operations on March 13, prompted by security concerns. Production resumed in phases… Read More Here