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Surge in Tin Prices Boosts DRC's Export Economy 1 Mining in DRC Economy Tin 

Surge in Tin Prices Boosts DRC’s Export Economy

Constance
The Democratic Republic of Congo (DRC) has recently witnessed a significant rise in tin prices, a vital mineral for its export economy. According to the National Commission of Mercuriales, part of the Ministry of Foreign Trade, the price of tin reached $28,998 per ton between December 16 and 21, 2024, reflecting a 3.28% increase from the previous week’s price of $28,078. This upward trend in international markets could bring positive effects on the income of Congolese exporters and the overall national economy. The rise in tin prices comes amid growing… Read More Here
Tshisekedi Urges Faster Progress on Key Infrastructure Projects with Chinese Enterprises Group 2 Mining in DRC Infrastructural Development 

Tshisekedi Urges Faster Progress on Key Infrastructure Projects with Chinese Enterprises Group

Constance
On Friday, December 20, in Kinshasa, President Félix Tshisekedi held a working session with the Chinese Enterprises Group (GEC) to evaluate the progress of road construction projects under the Minerals for Infrastructure Program. The President urged his partners to accelerate the work. Freddy Shembo, Director General of the Agency for the Steering, Coordination, and Monitoring of Collaboration Conventions, briefed the press on the session’s outcome. He noted that the meeting focused on identifying necessary adjustments to expedite ongoing projects and implement effective mechanisms. “These projects are crucial for the Head… Read More Here
Glencore in Talks to Sell Philippine Copper Smelting Unit Amid Historic Low Processing Fees 3 International Corporate News 

Glencore in Talks to Sell Philippine Copper Smelting Unit Amid Historic Low Processing Fees

Constance
Glencore Plc is in discussions to sell its copper business in the Philippines, the Philippine Associated Smelting and Refining Corp. (Pasar), as the global smelting industry faces record-low processing fees. According to sources familiar with the matter, who requested anonymity due to the private nature of the talks, Glencore is negotiating with at least one domestic buyer. However, the outcome of these discussions remains uncertain. Pasar has been a key asset for Glencore due to its strategic location, serving as an important outlet for copper concentrates from Australian and Indonesian… Read More Here
Copper Stockpile at Panama’s Closed Cobre Mine Deemed Safe for Now 4 International Copper 

Copper Stockpile at Panama’s Closed Cobre Mine Deemed Safe for Now

Constance
Over 100,000 metric tons of copper concentrate remain stored at First Quantum Minerals’ Cobre Panama mine, which has been closed since November following a Panamanian Supreme Court ruling that invalidated the company’s contract. Panamanian President Jose Raul Mulino assured on Thursday that the stockpile currently poses no environmental risk. Cobre Panama, a major global source of copper, was shut down after environmental protests led to the court’s decision. Since then, global commodity markets have closely monitored Panama’s stance on the fate of the 130,000 tons of copper concentrate left behind.… Read More Here
ZCCM-IH Invests $10 Million in Green Bond to Boost Zambia’s Renewable Energy 5 Mining in Zambia Economy Energy 

ZCCM-IH Invests $10 Million in Green Bond to Boost Zambia’s Renewable Energy

Constance
ZCCM Investments Holdings PLC (ZCCM-IH) has announced a $10 million (approximately ZMW 275 million) investment in the second tranche of CEC Renewables Limited’s (CEC-R) Green Bond issuance. This strategic move underscores ZCCM-IH’s commitment to advancing sustainable energy and supporting Zambia’s capital market growth. The second tranche of the bond raised $96.7 million, earmarked for expanding the 60 MW Itimpi-1 solar photovoltaic (PV) plant into the 136 MW Itimpi-2 project. This initiative seeks to address Zambia’s persistent energy crisis by bolstering the country’s renewable energy infrastructure. Dr. Ndoba Vibetti, CEO of… Read More Here
KGL Unveils 10-Year Strategic Plan to Address Zambia’s Power Crisis 6 Mining in Zambia Electricity 

KGL Unveils 10-Year Strategic Plan to Address Zambia’s Power Crisis

Constance
Amid Zambia’s ongoing power shortages, exceeding 1,300 MW and causing widespread blackouts, the Kafue Gorge Lower Power Development Corporation Limited (KGL), a subsidiary of Zesco Limited, has launched a transformative 10-year strategic plan. Announced on December 11, 2024, the plan aims to reshape the nation’s energy landscape by addressing the power crisis, promoting sustainable energy, and supporting Zambia’s economic development goals. KGL’s evolution from a project-focused entity to a fully operational power generation corporation is a critical milestone. Operating a 750 MW hydroelectric power plant, the largest installed capacity among… Read More Here
Rio Tinto Appoints Georgie Bezette as New Chief People Officer 7 International Corporate News Mining Personality 

Rio Tinto Appoints Georgie Bezette as New Chief People Officer

Constance
Australia-based mining giant Rio Tinto has named Georgie Bezette as its new Chief People Officer, succeeding James Martin, who is set to retire at the end of 2024. Bezette, who has been with Rio Tinto since 2008, currently serves as Chief Operating Officer for the People division, where she has been instrumental in driving the company’s cultural transformation efforts. She will assume her new role on January 1, 2025, and will be based in London. Rio Tinto CEO Jakob Stausholm praised Bezette’s appointment, highlighting her dedication to talent development, cultural… Read More Here
Mercuria Partners with Zambia in Metals Trading to Bolster Copper Access 8 Mining in Zambia Copper Corporate News 

Mercuria Partners with Zambia in Metals Trading to Bolster Copper Access

Constance
Mercuria Energy Group has entered into a metals trading partnership with Zambia, marking another instance of a major commodity trader collaborating with a resource-rich nation to secure critical materials. The Geneva-based company announced its alliance with Zambia’s Industrial Development Corporation (IDC) on Thursday. This move aligns with Mercuria’s strategy to expand its metals trading operations, spearheaded by Kostas Bintas, a former Trafigura Group executive. The initiative reflects the growing interest among trading houses to secure access to minerals essential for the global energy transition. For Mercuria, increasing exposure to copper… Read More Here
Peru’s Copper Output Stagnates for a Third Consecutive Year 9 Copper International 

Peru’s Copper Output Stagnates for a Third Consecutive Year

Constance
Peruvian copper production is projected to remain flat in 2025, marking the third consecutive year of stagnant output, according to industry analysts and the country’s leading mining association, SNMPE. Challenges such as declining ore grades and a lack of new mining projects continue to cap production, even as global demand for copper surges. Peru, the world’s third-largest copper producer, was overtaken by the Democratic Republic of Congo (DRC) in 2023 for the second spot behind Chile. The decline in ore quality after years of extraction is straining miners’ ability to… Read More Here
World Bank Approves $100 Million to Bolster Zambia’s Climate and Economic Resilience 10 Mining in Zambia Economy 

World Bank Approves $100 Million to Bolster Zambia’s Climate and Economic Resilience

Constance
The World Bank has approved a $100 million financing package to enhance Zambia’s capacity to manage natural disasters and strengthen its economic and climate resilience. The initiative integrates a Climate and Economic Resilience Development Policy Financing (DPF) grant with a Catastrophe Drawdown Option (Cat-DDO). The financing package includes $25 million to address Zambia’s current economic challenges and promote climate adaptation, alongside $75 million set aside as contingent funding for rapid response to national disasters. This dual approach is designed to help Zambia manage the immediate impact of a severe drought… Read More Here

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