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Red Rock Resources Nears Landmark Supreme Court Ruling in $20M DRC Asset Dispute 1 Mining in DRC 

Red Rock Resources Nears Landmark Supreme Court Ruling in $20M DRC Asset Dispute

Constance
Natural resource exploration and development firm Red Rock Resources announced that it is approaching a key breakthrough in its ongoing legal battle in the Democratic Republic of Congo (DRC), with a ruling from the country’s Cour de Cassation (Supreme Court) expected imminently. The anticipated judgment is central to resolving Red Rock’s dispute over a contested $20 million sale of copper and cobalt assets near Kolwezi—an agreement the company alleges was executed without its knowledge or consent. This Supreme Court decision is expected to have a significant impact on a parallel… Read More Here
Gemfields Raises $30 Million Through Successful Rights Issue 2 Corporate News Gemstones 

Gemfields Raises $30 Million Through Successful Rights Issue

Constance
Gemstone mining company Gemfields has successfully concluded a fully underwritten rights issue, originally announced on April 11. The offering resulted in the issuance of approximately 556 million new ordinary shares, raising around $30 million in capital for the company. Gemfields reported that it received valid acceptances for about 458 million of the new shares, representing roughly 82.4% of the total shares offered. The remaining 98 million shares will be taken up by the underwriters of the rights issue. Assore International Holdings will subscribe to approximately 64 million shares, while Rational… Read More Here
Mali Partners with Russia to Launch State-Controlled Gold Refinery 3 Gold International 

Mali Partners with Russia to Launch State-Controlled Gold Refinery

Constance
Mali’s government announced plans to establish a state-controlled gold refinery in partnership with Russian firm Yadran, aiming to boost revenue from its bullion exports. The move comes as West African nations push for greater returns from their natural resources amid rising global commodity prices. The new company, SOROMA-SA, will be majority-owned by the Malian state with a 62% stake, while Yadran will hold the remaining 38%, according to Economy and Finance Minister Alousseni Sanou. The refinery will be constructed on a five-hectare site near Bamako’s airport and is designed to… Read More Here
DRC Suspended Mining Rights Applications to Reform Cadastral System 4 Mining in DRC 

DRC Suspended Mining Rights Applications to Reform Cadastral System

Constance
The Democratic Republic of Congo’s Mining Registry (CAMI) temporarily suspended the processing of new applications for mining rights and exploration quarries. Effective May 31, 2025, the CAMI office closed its counter to all new submissions until further notice, marking a significant pause in the issuance of mining titles. This decision was made in accordance with directives from the Minister of Mines, outlined in an official letter dated May 28, 2025. The primary aim of the suspension was to allow CAMI to conduct a comprehensive cleanup of the national cadastral database.… Read More Here
FQM Trident Strengthens Zambia’s Mining Sector with Record Production and Sustainability Efforts 5 Mining in Zambia Copper Corporate News 

FQM Trident Strengthens Zambia’s Mining Sector with Record Production and Sustainability Efforts

Constance
Solwezi, Zambia – FQM Trident, a subsidiary of First Quantum Minerals, continues to solidify its position as a key player in Zambia’s mining sector. During a recent media tour, Assistant General Manager Frederic Wouters provided an update on the company’s operations, highlighting record production figures, environmental initiatives, and community investment efforts. In 2024, FQM Trident’s Sentinel Copper Mine produced an impressive 231,000 tons of copper, with similar output expected this year. Meanwhile, the newly commissioned Enterprise Nickel Mine is ramping up production and is projected to deliver up to 25,000… Read More Here
AFC Secures $320 Million Deal with Italy to Boost Angola's Lobito Corridor 6 Transport and Logistics Angola Economy Mining in DRC Mining in Zambia 

AFC Secures $320 Million Deal with Italy to Boost Angola’s Lobito Corridor

Constance
Africa Finance Corporation (AFC), a Lagos-based continental financier, will soon sign a $320 million financing agreement with Italy, part of which will support the development of a new transport corridor linking critical mineral fields in central Africa to Angola’s Lobito port, according to AFC CEO Samaila Zubairu. AFC, owned by African central banks and development lenders, is the financing partner for the U.S.-backed Lobito Corridor project. The corridor aims to connect the Atlantic port of Lobito in Angola with mineral-rich regions in Zambia and the Democratic Republic of the Congo,… Read More Here
ZCCM-IH Appoints Kakenenwa Muyangwa as CEO to Lead New Strategic Phase 7 Mining in Zambia Mining Personality 

ZCCM-IH Appoints Kakenenwa Muyangwa as CEO to Lead New Strategic Phase

Constance
ZCCM Investments Holdings Plc (ZCCM-IH) has announced a major leadership transition with the appointment of Mr. Kakenenwa Muyangwa as Chief Executive Officer, effective 6 June 2025. This follows his retirement as Non-Executive Director and Board Chairperson, effective 5 June 2025. The announcement, made in line with Section 3.59 of the Lusaka Securities Exchange (LuSE) Listing Rules, reflects the company’s commitment to leadership continuity and strategic transformation. Mr. Muyangwa is a seasoned business executive with more than 35 years of experience in business strategy, corporate recovery, mining investment, and financial management.… Read More Here
Zambia Courts Carmakers to Build EV Component Plants Near Copper Mines 8 Mining in Zambia Battery Metals Copper 

Zambia Courts Carmakers to Build EV Component Plants Near Copper Mines

Constance
Zambia has opened discussions with global car manufacturers to encourage the establishment of electric vehicle (EV) component factories near its copper mining operations, a strategic move aimed at boosting local value addition and integrating the country into the EV global supply chain. Finance Minister Situmbeko Musokotwane, speaking at Bloomberg’s annual Africa Business Media Innovators conference in Livingstone, revealed that the government is actively engaging with automakers. “Even last week when I was in Germany, I urged companies to consider manufacturing some of their electric-vehicle components in Zambia,” Musokotwane said.“Those components… Read More Here
FQM Injects $2.6 Billion into Zambia’s Economy in 2024 9 Mining in Zambia Copper Corporate News Economy 

FQM Injects $2.6 Billion into Zambia’s Economy in 2024

Constance
First Quantum Minerals (FQM) contributed over $2.6 billion to Zambia’s economy in 2024 through its operations at the Trident and Kansanshi mines in North-Western Province, according to the company’s latest Global Tax Transparency and Economic Contributions Report. The report reveals that FQM paid $650 million in taxes, spent $1.75 billion on local procurement, disbursed $236 million in wages to local employees, and invested $13 million in community development initiatives. In terms of output, the two mines produced 402,000 tonnes of copper and 19,000 tonnes of nickel last year. FQM continues… Read More Here
Zambia's Refined Copper Exports Rise 17.6% in Q1 as Output Expansion Accelerates 10 Mining in Zambia Copper Economy 

Zambia’s Refined Copper Exports Rise 17.6% in Q1 as Output Expansion Accelerates

Constance
Zambia’s refined copper exports reached 283,500 tonnes in the first quarter of 2025, marking a 17.6% increase compared to 241,000 tonnes during the same period last year, according to newly released data. The positive trend is reflected in monthly growth figures, with exports rising from 71,200 tonnes in March 2025 to 72,300 tonnes in April—an increase of 1.6%. This steady growth supports the Zambian government’s ambitious target of producing 3 million tonnes of copper annually by 2031. The objective is part of a broader strategy to maximize the economic benefits… Read More Here

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