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President Hichilema Focuses on Solar Energy and Electricity Solutions at Africa Energy Summit 1 Mining in Zambia Electricity Energy Events & Expos 

President Hichilema Focuses on Solar Energy and Electricity Solutions at Africa Energy Summit

Constance
President Hakainde Hichilema has stated that Zambia is on track to addressing its electricity challenges. He emphasized that the government is working diligently to reduce reliance on hydropower by investing in solar energy. While drought poses a challenge, President Hichilema views it as an opportunity to redirect resources into investments like electricity. He made these comments to journalists at the Zambia Air Force Base, Kenneth Kaunda International Airport, before departing for Tanzania to attend the 300 Africa Energy Summit in Dar es Salaam on January 28, 2025. The summit, he… Read More Here
World Bank Approves $292 Million for Zambia-Tanzania Power Interconnector 2 Mining in Zambia Economy Electricity 

World Bank Approves $292 Million for Zambia-Tanzania Power Interconnector

Constance
The World Bank has approved a $292 million grant to support the Zambia-Tanzania Interconnector Project (ZTIP), designed to tackle key challenges in the energy sector and enhance regional power transmission. Of the total financing, $245 million comes from the World Bank’s International Development Association (IDA), with additional funding from the UK’s Foreign, Commonwealth, and Development Office (FCDO), contributing $17 million, and $30 million from the European Union. Achim Fock, World Bank Country Manager for Zambia, emphasized the project’s importance in addressing Zambia’s significant energy sector challenges. He pointed out that… Read More Here
SADC Launches Lobito Corridor Transit Secretariat to Boost Regional Trade and Infrastructure 3 Transport and Logistics Angola Mining in DRC Mining in Zambia 

SADC Launches Lobito Corridor Transit Secretariat to Boost Regional Trade and Infrastructure

Constance
The Southern African Development Community (SADC) Secretariat, in partnership with the three Lobito Corridor Member States, has officially launched the Lobito Corridor Transit Transport Interim Secretariat Headquarters in Lobito, Angola. This announcement follows the 2nd Lobito Corridor Committee of Ministers meeting held on January 22, 2025. At the meeting, Honourable Ricardo Viegas de Abreu, Minister of Transport for Angola, emphasized the strategic role of the Lobito Corridor in promoting intra-African trade and enhancing Africa’s competitiveness in the global market. He explained that planned infrastructure developments would reduce transit times and… Read More Here
Grand Inga Dam Project Faces Major Delays Despite Huge Potential for Africa’s Energy Future 4 Mining in DRC Hydro power plant 

Grand Inga Dam Project Faces Major Delays Despite Huge Potential for Africa’s Energy Future

Constance
Plans to build the Grand Inga Dam on the Congo River, a colossal hydroelectric project that could provide renewable energy for much of Africa, continue to face significant challenges. The proposed dam, located in the Democratic Republic of Congo (DRC), aims to generate twice the power of China’s Three Gorges Dam, making it the world’s largest hydroelectric plant. However, despite its potential, the project remains in limbo. Originally envisioned as a transformative development, the Grand Inga Dam has attracted both international investors and governments. However, decades after its inception, construction… Read More Here
Tensions Between Rwanda and DRC Escalate Amid Ongoing M23 Conflict 5 Mining in DRC Regional conflict 

Tensions Between Rwanda and DRC Escalate Amid Ongoing M23 Conflict

Constance
Diplomatic relations between Rwanda and the Democratic Republic of the Congo (DRC) took a sharp turn this past weekend, as the DRC recalled its embassy staff from Kigali amidst escalating tensions linked to the ongoing conflict involving the March 23 Movement (M23) rebels. In a statement released on Saturday, the DRC’s Ministry of Foreign Affairs announced the decision to withdraw its diplomats from Rwanda, citing growing concerns over the situation. The statement also ordered the Rwandan embassy in Kinshasa to halt all diplomatic and consular activities within 48 hours. The… Read More Here
DRC Showcases Mining Potential at Future Minerals Forum 2025 6 Mining in DRC Events & Expos 

DRC Showcases Mining Potential at Future Minerals Forum 2025

Constance
The Democratic Republic of Congo (DRC) made a significant presence at the 4th edition of the Future Minerals Forum (FMF) 2025, held from January 14 to 16 in Riyadh, Saudi Arabia. With a delegation led by the Deputy Chief of Staff of the Ministry of Mines, Mr. Marcellin Paluku, and including key figures such as Popol MABOLIA YENGA, Director General of the Mining Cadastre (CAMI), the DRC highlighted its strategic role in the global mining sector. The FMF, with over 20,000 participants from governments, businesses, investors, and research institutes, served… Read More Here
Barrick’s Lumwana Mine Fuels Zambia’s Economic Growth With Major Expansion on the Horizon 7 Mining in Zambia Copper Corporate News Press Release 

Barrick’s Lumwana Mine Fuels Zambia’s Economic Growth With Major Expansion on the Horizon

Constance
Lumwana Mine, Zambia – Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) has reaffirmed its commitment to Zambia’s economic growth, contributing over $3.7 billion since 2019. In 2024 alone, Lumwana’s operations contributed $887 million to the economy through royalties, taxes, salaries and procurement of goods and services, solidifying its position as one of the nation’s top five taxpayers. Copper production for 2024 was within guidance, supported by investments in operator training and an upgraded ultra-class fleet. Lumwana remains a leader in advancing local content, with 72% of the $906 million spent on goods and services in… Read More Here
Tertiary Minerals Discovers Significant Silver and Cobalt Deposits at Mushima North in Zambia 8 Mining in Zambia New Mining Projects 

Tertiary Minerals Discovers Significant Silver and Cobalt Deposits at Mushima North in Zambia

Constance
Shares in Tertiary Minerals PLC (AIM: TYM) surged 16% after the company announced the discovery of economically significant silver and cobalt mineralisation at its Mushima North Project in Zambia. The UK-based exploration and production company confirmed high-grade silver deposits, with drill results showing 59 metres grading 25 grams per tonne (g/t) silver, 0.2% copper, and 0.16% zinc. A higher-grade zone of 26 metres at 36g/t silver was also identified, while another drill hole ended in mineralisation grading 49g/t silver, indicating further potential. In addition to the silver, a second drill… Read More Here
Zijin Mining Reports Record Profit but Adjusts Production Targets Amid Market Challenges 9 Corporate News International 

Zijin Mining Reports Record Profit but Adjusts Production Targets Amid Market Challenges

Constance
Zijin Mining Group has posted a record net profit of 32 billion yuan (approximately $4.4 billion) for the year 2024, marking a 52% increase from the previous year. This impressive performance aligns the Chinese company with global commodities leader Glencore Plc, with rising gold prices and increased copper production being key contributors to its success. However, despite strong financial results, the company has lowered its copper production target by 6%, now aiming for 1.15 million tonnes. Additionally, Zijin has scaled back its lithium ambitions, reducing its 2025 production target by… Read More Here
Barrick Gold’s Twiga JV Drives Significant Economic Impact in Tanzania 10 International Corporate News Gold 

Barrick Gold’s Twiga JV Drives Significant Economic Impact in Tanzania

Constance
Barrick Gold has contributed over $4.24 billion to the Tanzanian economy since the inception of its Twiga joint venture (JV) with the government in 2019. In 2024 alone, its investment amounted to $888 million. Twiga encompasses the North Mara and Bulyanhulu gold mines. Barrick President and CEO Mark Bristow highlighted the ongoing success of the Twiga partnership, emphasizing its leadership in Tanzania’s extractive sector. The JV has created thousands of jobs, supported local businesses, and funded essential community projects. In 2023, Barrick spent $573 million on national suppliers and service… Read More Here

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