Constance - Copperbelt Katanga Mining

Written by Constance

BRICS Plus Nations Expand Gold Reserves as Central Banks Accelerate Shift Away from Dollar

April 8, 2026April 8, 2026 Constance

BRICS Plus gold reserves surpass 6,000 tonnes as central banks boost purchases and dollar share declines Members of the BRICS Plus trade bloc now hold more than 6,000 tonnes (t) of gold, representing about 17.4% of total global central bank reserves, up from 11.2% in 2019, according to a market note by financial services group EBC Financial Group. Russia leads the bloc with 2,336 t of gold reserves, followed closely by China with 2,298 t, while India holds 880 t. Together, Russia and China account for roughly 74% of the… Read More Here

International Corporate News Sponsored Content

Technical Bulletin 95: Corrective action: unlocking the true value of oil analysis programmes

April 8, 2026April 8, 2026 Constance

Organisations that invest in oil analysis expect returns on their investment that include improved reliability, reduced downtime and measurable cost savings. However, these outcomes are not guaranteed. Condition monitoring specialist company, WearCheck, asserts that the real value of oil analysis lies not only in identifying problems, but in how effectively organisations respond to them. In WearCheck Technical Bulletin 95, author Shesby Chabay, head of operations at WearCheck Zimbabwe, investigates the reasons behind organisations’ inability to attain cost savings and discusses how to optimise operational cost savings by being responsive to… Read More Here

International

Panama Moves to Authorize Removal of Stockpiled Ore at Cobre Panama Mine

April 7, 2026April 7, 2026 Constance

Panama Prepares to Approve Ore Exports from First Quantum’s Cobre Panama Mine, Unlocking Jobs and Potential Copper Revenue Panama is preparing to authorize the removal and processing of stockpiled ore at First Quantum’s shuttered Cobre Panama copper mine, marking a significant step in managing the idled operation and mitigating long-term environmental and financial risks. Commerce and Industries Minister Julio Moltó said the government expects to issue a formal resolution by Tuesday at the latest, allowing the company to extract and export material that was mined and stored on site before… Read More Here

Mining in DRC Transport and Logistics

U.S. Backs Lobito Corridor Concession as Strategic Project in Partnership with DRC

April 6, 2026April 6, 2026 Constance

United States Prioritizes Mota-Engil Concession for DR Congo’s Lobito Corridor to Strengthen Critical Minerals Supply Chains The United States has identified the awarding of the concession for the Congolese segment of the Lobito Corridor to Mota-Engil as a priority initiative under its strategic partnership with the Democratic Republic of the Congo (DRC), signed on December 4, 2025. Speaking at the Powering Africa Summit in Washington, D.C. on March 19, 2026, Nick Checker, a senior official in the U.S. State Department’s Bureau of African Affairs, described the concession award as one… Read More Here

Mining in DRC Gold

DRC Govt Moves to Strengthen Gold Sector Governance and Combat Smuggling

April 6, 2026April 6, 2026 Constance

Prime Minister Judith Suminwa Launches Reforms to Improve Gold Traceability, Boost Revenue, and Fight Illegal Trade in the Democratic Republic of Congo The Prime Minister of the Democratic Republic of the Congo, Judith Suminwa Tuluka, has reaffirmed the government’s commitment to strengthening the national strategy for monitoring and securing the flow of gold across the country. She made these remarks during the Council of Ministers meeting held on Friday, April 3, 2026. This initiative follows concerns previously raised by the President of the Republic during the 79th Council of Ministers… Read More Here

Mining in Zambia Copper Corporate News

Jubilee Updates Molefe Mine Plan to Boost Copper Production and Efficiency in Zambia

April 5, 2026April 5, 2026 Constance

Jubilee Optimizes Molefe Mine Plan to Deliver Stable Copper Output and Accelerate Growth in Zambia Zambia-focused integrated copper producer and resource developer Jubilee has announced an updated near-term mine plan at its Molefe mine, following encouraging results from the Phase 1 drilling and trenching programme. “This marks another important milestone in Jubilee’s transition toward becoming a resource-backed copper producer. The implementation of a structured mine plan at Molefe provides a clear pathway to sustainable and scalable production,” said Jubilee CEO Leon Coetzer. Operations at Molefe continue to perform well and… Read More Here

Mining in DRC Cobalt Copper Corporate News

Virtus Minerals to Restart Chemaf’s Cobalt and Copper Mines in the DRC After Regulatory Approval

April 5, 2026April 5, 2026 Constance

US Firm Virtus Minerals Secures Regulatory Approval to Restart Chemaf Mines, Boosting DRC’s Cobalt and Copper Production US-based Virtus Minerals announced it is moving to restart the Chemaf cobalt and copper mines in the Democratic Republic of Congo (DRC) after securing full regulatory approval. This marks the first acquisition of operating mines under the US–Congo minerals partnership, following a series of offtake agreements. Virtus stated that its immediate focus will be on inventory verification, technical and operational assessments, and restart planning across Chemaf’s asset portfolio, with timelines dependent on the… Read More Here

New Mining Projects Rare Earth Minerals

Lindian Resources Secures $100 Million to Advance Kangankunde Rare Earths Project in Malawi

April 5, 2026April 5, 2026 Constance

Malawi Joins African Rare Earth Race as Lindian Resources Secures $100 Million for Kangankunde Project, Competing with DRC Lindian Resources, an Australian critical minerals company listed on the ASX, has secured $100 million to fund its Kangankunde Rare Earths Project in Malawi. This investment positions Malawi as a rising player in the global rare earths market, joining South Africa and the Democratic Republic of Congo (DRC) as Africa’s emerging mineral powerhouses. The Kangankunde project is known for its high-grade deposits of dysprosium and terbium, essential for electric vehicle magnets and… Read More Here

Corporate News Copper Mining in DRC

Ivanhoe Mines Updates Kamoa-Kakula Copper Production Guidance Amid Technical Optimisation

April 5, 2026April 5, 2026 Constance

Kamoa-Kakula Copper Complex Revises 2026–2027 Output, Targets 500,000+ Tonnes from 2028 SX-listed Ivanhoe Mines has released an updated independent technical report for the Kamoa-Kakula Copper Complex in the Democratic Republic of Congo. The report incorporates changes to the mine design and extraction sequence and applies conservative geotechnical parameters to ensure long-term safety and operational stability. As a result, Ivanhoe has revised its production guidance for the complex to 290,000–330,000 tonnes of copper anodes in 2026 and 380,000–420,000 tonnes in 2027. The company expects annualised production to exceed 500,000 tonnes from… Read More Here

Gold Corporate News International

West African Resources Forecasts Record Gold Production in 2026 Driven by Kiaka and Sanbrado Mines

April 5, 2026April 5, 2026 Constance

West African Resources to Produce 430,000–490,000 Ounces of Gold in 2026 with Burkina Faso Operations Leading Growth West African Resources is set for a landmark year in 2026, projecting annual gold production of 430,000 to 490,000 ounces, fueled by its operations in Burkina Faso. The increase reflects the first full year of output from the Kiaka mine, the country’s largest, alongside continued strong performance from its founding Sanbrado mine. The company is targeting an all-in sustaining cost (AISC) of under $1,900 per ounce, signaling robust margins despite global gold price… Read More Here