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ZCCM-IH Appoints Kakenenwa Muyangwa as CEO to Lead New Strategic Phase 1 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 2 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 3 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 4 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
Zambia Saves 56MW with EU-Backed Energy Efficiency Programme 5 Mining in Zambia Electricity 

Zambia Saves 56MW with EU-Backed Energy Efficiency Programme

Constance
Zambia has successfully conserved 56 megawatts (MW) of electricity—the equivalent output of a large power plant—through the European Union-funded Zambia Energy Efficiency and Sustainable Transformation (ZEEST) programme, all without building new power generation infrastructure. During a recent tour of Ndola Teaching Hospital, Ministry of Energy Permanent Secretary for Electricity, Mr. Arnold Simwaba, described ZEEST as a transformative initiative that aligns with the country’s energy efficiency and climate resilience goals. “Through strategic partnerships and targeted interventions, ZEEST has shown that we can achieve the same impact as building a new power… Read More Here
World Bank Commits $1 Billion to Revive DRC’s Inga III Hydropower Megaproject 6 Mining in DRC Hydro power plant 

World Bank Commits $1 Billion to Revive DRC’s Inga III Hydropower Megaproject

Constance
The World Bank has pledged $1 billion to help revive the long-delayed Inga III hydropower project in the Democratic Republic of Congo (DRC), a crucial phase of the Grand Inga complex, which holds the potential to become the world’s largest hydropower facility. As an initial step, $250 million will be disbursed to fund technical studies, reform the state-owned electricity utility, foster economic development, and attract private investment. Once completed, Inga III could generate up to 11,000 megawatts (MW) of electricity—more than triple the DRC’s current power capacity—at an estimated cost… Read More Here
Abu Dhabi’s IRH to Acquire Majority Stake in Alphamin for Over C$500 Million 7 Mining in DRC Corporate News 

Abu Dhabi’s IRH to Acquire Majority Stake in Alphamin for Over C$500 Million

Constance
Tremont Master Holdings (TMH), the majority shareholder of U.S.-based Alphamin Resources Corp., has entered into a definitive agreement to sell 718,990,967 common shares—representing approximately 56% of Alphamin’s outstanding shares—to Abu Dhabi-based International Resource Holdings (IRH). The transaction is valued at C$503.3 million (US$367 million), based on a price of C$0.70 per share, subject to certain closing adjustments. Alphamin announced the agreement in a press release issued on Thursday, June 5, 2025. The full terms of the transaction were initially outlined in a joint press release by TMH and IRH dated… Read More Here
DRC Advances Toward Local Mineral Refining with First Copper and Cobalt Refinery Project 8 Mining in DRC Cobalt Copper 

DRC Advances Toward Local Mineral Refining with First Copper and Cobalt Refinery Project

Constance
The Democratic Republic of Congo (DRC) is preparing to halt the export of raw minerals, marking a significant step toward reducing its reliance on foreign processing and strengthening its industrial base. This development aligns with the government’s broader strategy for national economic growth and resource sovereignty. This initiative was highlighted during a meeting held on Thursday, June 5, 2025, between Minister of Foreign Trade Julien Paluku and Eddy Kioni, Director of Buenassa, a 100% Congolese-owned company spearheading the country’s first copper and cobalt refinery project. Minister Paluku commended the progress… Read More Here
Kibali Gold Dominates DRC Gold Production Despite Regional Instability 9 Mining in DRC Corporate News Gold 

Kibali Gold Dominates DRC Gold Production Despite Regional Instability

Constance
According to statistics from the Technical Unit for Coordination and Mining Planning (CTCPM) under the Ministry of Mines, Kibali Gold, a leading industrial gold mining company based in the Haut-Uele province of the Democratic Republic of Congo (DRC), produced 5,865.62 kilograms of gold between January and March 2025. This output represents 99.5% of the country’s total industrial gold production during that period. Kibali Gold significantly outperformed its competitors. MCCR recorded just 18.65 kg (0.3%), followed by Kimia Mining Investment with 4.88 kg (0.083%) and Sokomo (Ding Cheng) with 4.62 kg… Read More Here
SACIM Dominates DRC’s Industrial Diamond Output in Q1 2025 with 97% Share 10 Diamond Corporate News Mining in DRC 

SACIM Dominates DRC’s Industrial Diamond Output in Q1 2025 with 97% Share

Constance
Anhui Congo Mining Investment Company (SACIM) has emerged as the dominant producer of industrial diamonds in the Democratic Republic of Congo during the first quarter of 2025, accounting for 97% of the country’s total output. According to statistics released by the Technical Unit for Coordination and Mining Programming (CTCPM), a department under the Ministry of Mines, SACIM produced 334,505.81 carats out of a national total of 344,049.44 carats between January and March 2025. The remaining 9,543.63 carats—just 3%—were produced by Minière de Bakwanga (MIBA), highlighting the growing disparity between the… Read More Here

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