You are here

Written by 

DRC Mining Week Marks 20 Years of Mining Growth and National Progress 1 Mining in DRC Events & Expos 

DRC Mining Week Marks 20 Years of Mining Growth and National Progress

Constance
Lubumbashi, DRC – DRC Mining Week, a flagship gathering for business and investment opportunities in the mining sector, celebrated its 20th anniversary last Wednesday in Lubumbashi, the capital of Haut-Katanga Province in southeastern Democratic Republic of Congo. The opening ceremony, held at the Pullman Karavia Hotel, was brief but symbolic. In his keynote speech, Bin Nassor Kasongo, President of the DRC Chamber of Mines, highlighted the evolution of the event over two decades, describing it as more than just a trade fair. “Beyond a simple sectoral meeting, this event became… Read More Here
DRC's Mining Sector Reaffirmed as Backbone of DRC Economy at DRC Mining Week 2 Mining in DRC Economy Events & Expos 

DRC’s Mining Sector Reaffirmed as Backbone of DRC Economy at DRC Mining Week

Constance
As the 20th anniversary edition of DRC Mining Week opened in Lubumbashi, Haut-Katanga, Bin Nassor Kasongo, President of the Chamber of Mines of the Democratic Republic of Congo, underscored the pivotal role of mining in the country’s economic development. “From 2007 to 2022, our mining industry contributed nearly $30 billion to the public treasury, making the mining sector the backbone of the Congolese economy,” Kasongo stated during his keynote speech at the Pullman Karavia Hotel. He credited this achievement to the early vision of industry pioneers and reaffirmed the Chamber’s… Read More Here
Zambia Eyes 6% Economic Growth in 2025 Amid Copper Boom and Currency Surge 3 Mining in Zambia Economy 

Zambia Eyes 6% Economic Growth in 2025 Amid Copper Boom and Currency Surge

Constance
Zambia’s economy is on track to grow by at least 6% this year, marking its strongest expansion since 2021, according to Finance Minister Situmbeko Musokotwane. The projection, he said, is fueled by a combination of improved rainfall and a surge in copper production, Zambia’s economic backbone. Speaking on the sidelines of Bloomberg’s annual Africa Business Media Innovators Conference, Musokotwane emphasized that the country’s mining sector—particularly copper—is central to its ongoing economic rebound. Zambia, the second-largest copper producer in Africa, saw a significant increase in metal output last year. Copper accounts… Read More Here
Burkina Faso Boosts Govt Stake in Gold Mining to Reclaim Resource Control 4 International Gold 

Burkina Faso Boosts Govt Stake in Gold Mining to Reclaim Resource Control

Constance
Burkina Faso has officially increased the government’s free-carried equity stake in major gold mining projects from 10% to 15%, a move aimed at capturing greater value from the country’s most important natural resource. The change is part of the revised Mining Code adopted in August 2024, signaling a significant shift toward resource sovereignty. This reform impacts several high-profile mining projects, including Sanbrado, Kiaka, and Toega, all operated by Australia-listed West African Resources. The company confirmed its agreement to the new terms following negotiations with the Burkinabè government and other industry… Read More Here
Tanzania and Burkina Faso Lead Africa’s Push for Gold Sovereignty 5 International Gold 

Tanzania and Burkina Faso Lead Africa’s Push for Gold Sovereignty

Constance
Tanzania is intensifying efforts to reclaim control over its gold reserves by mandating that large-scale mining companies process and trade at least 20% of their production domestically. This bold move positions the East African nation among a growing number of African countries seeking to extract more value from natural resources and assert greater sovereignty over their mining sectors. The policy, which aligns with a similar gold legislation enacted in September 2024, is part of a broader shift toward resource nationalism. With global gold prices surging, governments are increasingly focused on… Read More Here
Sinomine Halts Tsumeb Smelter Operations Amid Global Copper Concentrate Shortage 6 International Copper Corporate News 

Sinomine Halts Tsumeb Smelter Operations Amid Global Copper Concentrate Shortage

Constance
Sinomine Resource Group announced on Friday that it has temporarily suspended copper smelting operations at its Tsumeb facility in Namibia due to a global shortage of copper concentrate. The shortage comes amid a rapid increase in global smelting capacity, which has outpaced the supply of copper ore. The Tsumeb smelter, one of the few facilities worldwide capable of processing arsenic- and lead-rich copper concentrates, was acquired by Sinomine from Dundee Precious Metals in 2024. With an annual processing capacity of 240,000 metric tons, the plant has previously handled copper concentrate… Read More Here
Zimbabwe to Ban Lithium Concentrate Exports by 2027 to Boost Local Processing 7 International Battery Metals Lithium 

Zimbabwe to Ban Lithium Concentrate Exports by 2027 to Boost Local Processing

Constance
Zimbabwe will prohibit the export of lithium concentrates starting in 2027, as part of its broader effort to increase local processing of the valuable mineral, Mines Minister Winston Chitando announced on Tuesday. As Africa’s leading producer of lithium—a key component in batteries used for renewable energy technologies—Zimbabwe previously banned the export of raw lithium ore in 2022. Since then, the government has been encouraging miners to add value locally by processing more of the mineral within the country. Most lithium mining operations in Zimbabwe are operated by Chinese companies, which… Read More Here
Gold Rush Transforms Zimbabwe’s Filabusi Amid Record Prices 8 International Gold 

Gold Rush Transforms Zimbabwe’s Filabusi Amid Record Prices

Constance
In Filabusi, a small town in southeastern Zimbabwe, the streets are lined with gleaming BMW X5s and Land Rover Defenders. Modern houses—paid for in cash—are springing up across the landscape, and whisky in local bars is sold exclusively by the bottle. This transformation has been fueled by a surge in gold prices over the past three years, culminating in a historic high in 2025. The rally, spurred in part by global economic uncertainty and intensified during former U.S. President Donald Trump’s trade war, has turned gold into a safe-haven asset—and… Read More Here
Glencore Declares Force Majeure on Cobalt Shipments Following DRC Export Ban 9 Mining in DRC Battery Metals Cobalt Corporate News 

Glencore Declares Force Majeure on Cobalt Shipments Following DRC Export Ban

Constance
Glencore has declared force majeure on certain cobalt deliveries from the Democratic Republic of Congo (DRC), just days after the Congolese government imposed a temporary export ban on the key battery metal, according to three sources familiar with the matter who spoke to Reuters. The DRC, which produces the majority of the world’s cobalt, enacted a four-month export ban in February in a bid to ease a supply glut that had depressed prices to their lowest levels in nine years and reduced government revenue. As a result, Glencore, listed on… Read More Here
Ivanhoe Mines Cuts 2025 Copper Guidance After Seismic Flooding Disrupts Kamoa-Kakula Operations 10 Mining in DRC Copper Corporate News 

Ivanhoe Mines Cuts 2025 Copper Guidance After Seismic Flooding Disrupts Kamoa-Kakula Operations

Constance
Ivanhoe Mines has lowered its 2025 copper production forecast for the Kamoa-Kakula complex in the Democratic Republic of Congo (DRC), following a temporary suspension of underground operations at the Kakula mine due to severe flooding caused by seismic activity. The incident, which occurred on May 18, forced a full shutdown of the Kakula underground mine and triggered an extensive geotechnical review. In response, Ivanhoe has implemented a revised short-term mine plan. Underground mining resumed on the western side of the Kakula mine over the past weekend, with operations on the… Read More Here

You have successfully subscribed to the newsletter

There was an error while trying to send your request. Please try again.

Copperbelt Katanga Mining will use the information you provide on this form to be in touch with you and to provide updates and marketing.